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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Aug. 31, 2019
Accounting Policies [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | In accordance with ASC 606, the disclosure below reflects the impact of adoption to the consolidated statement of earnings, as compared to what the results would have been under ASC 605, Revenue Recognition. The impact to the consolidated balance sheet was immaterial.
|  | Year Ended August 31, 2019
(in thousands) |  | As Reported |  | Balances Without Adoption of ASC 606 |  | Effect of Change - Higher (Lower)
Net sales |  | $ | 5,829,002 |  |  | $ | 5,838,092 |  |  | $ | (9,090 | )
Net earnings |  | 198,093 |  |  | 205,147 |  |  | (7,054 | )
Estimated useful lives for depreciation and amortization | Depreciation and amortization is recorded on a straight-line basis over the following estimated useful lives:
Buildings | 7 | to | 40 | years
Land improvements | 3 | to | 25 | years
Leasehold improvements | 3 | to | 15 | years
Equipment | 3 | to | 25 | years

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