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EMPLOYEES' RETIREMENT PLANS EMPLOYEES' RETIREMENT PLANS (Tables)

12 Months Ended

Aug. 31, 2024

Retirement Benefits [Abstract]

Changes in Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

The following tables include a reconciliation of the beginning and ending balances of the pension benefit obligation and the fair value of plan assets resulting from the U.K. Pension Plan and the U.S. Pension Plan and the related amounts recognized in the Company’s consolidated balance sheets as of August 31, 2024 and 2023:

						U.K. Pension Plan												U.S. Pension Plan
(in thousands)						2024									2023						2023
Benefit obligation at beginning of year						$	50,900								$	52,042					$	26,568
Interest cost						2,615									2,261						—
Actuarial loss (gain)						794									(5,354)						(47)
Benefits paid						(2,958)									(2,529)						(466)
Foreign currency translation						1,841									4,480						—
Settlement						—									—						(26,055)
Benefit obligation at end of year						$	53,192								$	50,900					$	—
Fair value of plan assets at beginning of year						$	49,522								$	60,454					$	24,440
Actuarial gain						—									—						(47)
Actual return (loss) on plan assets						2,733									(13,533)						(1,966)
Employer contributions						339									297						4,094
Benefits paid						(2,958)									(2,529)						(466)
Foreign currency translation						1,779									4,833						—
Settlement						—									—						(26,055)
Fair value of plan assets at end of year						$	51,415								$	49,522					$	—
Funded status at end of year liability recognized in the consolidated balance sheets as of August 31,						$	(1,777)								$	(1,378)					$	—
Amounts recognized in AOCI as of August 31,
Net actuarial loss						$	15,981								$	16,477					$	—

Schedule of Net Periodic Benefit Costs

Components of net periodic benefit costs (gains) and other supplemental information are detailed below:

						U.K. Pension Plan
						Year Ended August 31,
(in thousands)						2024						2023						2022
Interest cost						$	2,615					$	2,261					$	635
Expected return on plan assets						(2,065)						(2,589)						(1,067)
Amortization of unrecognized net actuarial loss						622						—						—
Total net periodic benefit costs (gains)						$	1,172					$	(328)					$	(432)
Other changes in plan assets and benefit obligations recognized in OCI
Net actuarial (gain) loss arising during measurement period						$	(496)					$	10,811					$	5,666

Schedule of Weighted-average Assumptions Used

Weighted average assumptions used to determine benefit obligations are detailed below:

						U.K. Pension Plan
						2024						2023
Effective discount rate for benefit obligations						5.0		%				5.3		%

Weighted average assumptions used to determine net periodic benefit costs (gains) are detailed below:

						U.K. Pension Plan
						2024						2023						2022
Effective rate for interest on benefit obligations						5.3		%				4.3		%				2.9		%
Expected long-term rate of return						5.0		%				4.6		%				4.0		%

Schedule of Allocation of Plan Assets

The U.K. Pension Plan's weighted average target allocation ranges and actual allocations as a percentage of plan assets, including the notional exposure of future contracts by asset categories, are detailed below:

						Pension Assets
						Target Percent												2024						2023
Fixed income securities						95.0%			to			100%						99.6%						88.2%
Cash and other						—			to			5.0						0.4						11.8
Total																		100%						100%

The following table sets forth the fair value of the plan assets by asset class for the U.K. Pension Plan as of August 31, 2024 and 2023. Level 1 assets consist of cash and cash equivalents. Level 2 assets include funds invested in bonds and fixed income securities. Level 3 assets are measured at fair value using significant unobservable inputs and consist primarily of Secured Finance and Multistrategy Funds that invest in debt, loan and structured financial instruments in both public and private secured finance markets.

												Fair Value at Measurement Date Using
(in thousands)						Total						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
As of August 31, 2024:
Fixed income securities						$	51,194					$	—					$	51,194					$	—
Cash and other						221						—						221						—
Fair value of U.K. Pension Plan assets						$	51,415
As of August 31, 2023:
Fixed income securities						$	43,654					$	—					$	40,497					$	3,157
Cash and other						5,868						376						5,356						136
Fair value of U.K. Pension Plan assets						$	49,522

The following table provides a reconciliation of the beginning and ending balances of U.K. Pension Plan Level 3 assets recognized in the consolidated balance sheets:

(in thousands)						Level 3 Plan Assets
Balance at August 31, 2022						$	8,885
Sales						(4,997)
Actual return on plan assets:
Assets held as of the reporting date						134
Assets sold during the year						256
Transfers out of Level 3						(1,541)
Foreign currency translation						556
Balance at August 31, 2023						$	3,293
Sales						(3,139)
Actual return on plan assets sold during the year						(139)
Foreign currency translation						(15)
Balance at August 31, 2024						$	—

Schedule of Future Pension Benefit Payments

The following table provides the estimated aggregate pension benefit payments that are payable from the U.K. Pension Plan to participants in future years:

(in thousands)						U.K. Pension Plan
2025						$	3,150
2026						3,225
2027						3,300
2028						3,379
2029						3,458
2030 through 2034						18,548

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