Line of Credit Facility, Covenant Terms, Interest Coverage Ratio, Minimum

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- Definition

Line of Credit Facility, Covenant Terms, Leverage Ratio, Maximum

+ References

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

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Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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- Definition

The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.

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- Definition

The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used.

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No definition available.

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- Definition

Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

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Debt and Lines of Credit - Lines of Credit (Details) $ in Millions	Jun. 29, 2018 USD ($)	Aug. 31, 2021 USD ($)	Aug. 31, 2020 USD ($)
Line of Credit Facility [Line Items]
Borrowings outstanding under term loan facility		$ 494.3	$ 401.1
Revolving credit facility borrowings
Line of Credit Facility [Line Items]
Outstanding letters of credit		4.1
Lines of Credit
Line of Credit Facility [Line Items]
Minimum interest coverage ratio	2.50
Maximum leverage ratio	3.50
Outstanding letters of credit		4.1
Lines of Credit \| Minimum
Line of Credit Facility [Line Items]
Commitment fees rate	0.125%
Lines of Credit \| Maximum
Line of Credit Facility [Line Items]
Commitment fees rate	0.25%
Lines of Credit \| New Revolving Credit Facility
Line of Credit Facility [Line Items]
Revolving credit facility	$ 400.0
Term of facility	5 years
Lines of Credit \| Borrowings under Term Loan Facility
Line of Credit Facility [Line Items]
Revolving credit facility	$ 400.0
Lines of Credit \| Revolving credit facility borrowings
Line of Credit Facility [Line Items]
Additional borrowing capacity under revolving credit facility		395.9
Unsecured Term Loan \| Borrowings under Term Loan Facility
Line of Credit Facility [Line Items]
Borrowings outstanding under term loan facility		$ 0.0	$ 395.0
Eurocurrency Rate \| Lines of Credit \| New Revolving Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Applicable margins as determined by leverage ratio	1.00%
Eurocurrency Rate \| Lines of Credit \| New Revolving Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Applicable margins as determined by leverage ratio	1.375%
Base Rate \| Lines of Credit \| New Revolving Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Applicable margins as determined by leverage ratio	0.00%
Base Rate \| Lines of Credit \| New Revolving Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Applicable margins as determined by leverage ratio	0.375%