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LEASES | 12 Months Ended
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Aug. 31, 2025
Leases [Abstract] |
Operating Leases | NOTE 7. LEASES The following table presents the components of total leased assets and lease liabilities, including their classification in the consolidated balance sheets:
(in thousands) |  | Classification in Consolidated Balance Sheets |  | August 31, 2025 |  | August 31, 2024
Assets: |  |  |  |  |  |
Operating assets |  | Other noncurrent assets |  | $ | 172,374 |  |  | $ | 178,006 |
Finance assets |  | Property, plant and equipment, net |  | 189,923 |  |  | 160,361 |
Total leased assets |  |  |  | $ | 362,297 |  |  | $ | 338,367 |
Liabilities: |  |  |  |  |  |
Operating lease liabilities: |  |  |  |  |  |
Current |  | Other accrued expenses and payables |  | $ | 37,250 |  |  | $ | 36,675 |
Long-term |  | Other noncurrent liabilities |  | 136,629 |  |  | 140,109 |
Total operating lease liabilities |  |  |  | 173,879 |  |  | 176,784 |
Finance lease liabilities: |  |  |  |  |  |
Current |  | Current maturities of long-term debt and short-term borrowings |  | 42,500 |  |  | 36,985 |
Long-term |  | Long-term debt |  | 116,417 |  |  | 104,286 |
Total finance lease liabilities |  |  |  | 158,917 |  |  | 141,271 |
Total lease liabilities |  |  |  | $ | 332,796 |  |  | $ | 318,055 |
The components of lease cost were as follows:
|  | Year Ended August 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Operating lease expense |  | $ | 48,618 |  |  | $ | 46,515 |  |  | $ | 40,093 |
Finance lease expense: |  |  |  |  |  |
Amortization of assets |  | 27,966 |  |  | 23,825 |  |  | 16,574 |
Interest on lease liabilities |  | 7,690 |  |  | 5,712 |  |  | 3,642 |
Total finance lease expense |  | 35,656 |  |  | 29,537 |  |  | 20,216 |
Variable and short-term lease expense |  | 20,901 |  |  | 19,481 |  |  | 20,810 |
Total lease expense |  | $ | 105,175 |  |  | $ | 95,533 |  |  | $ | 81,119 |
The weighted average remaining lease terms and discount rates for operating and finance leases are presented in the following table:
|  | August 31, 2025 |  | August 31, 2024
Weighted average remaining lease term (years): |  |  |  |
Operating leases |  | 5.9 |  | 6.2
Finance leases |  | 3.9 |  | 4.1
Weighted average discount rate: |  |  |  |
Operating leases |  | 5.126 | % |  | 4.934 | %
Finance leases |  | 5.263 | % |  | 5.134 | %
Cash flow and other information related to leases is included in the following table:
|  | Year Ended August 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflows from operating leases |  | $ | 48,649 |  |  | $ | 47,508 |  |  | $ | 40,645 |
Operating cash outflows from finance leases |  | 7,690 |  |  | 5,712 |  |  | 3,642 |
Financing cash outflows from finance leases |  | 40,567 |  |  | 34,508 |  |  | 22,837 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 38,263 |  |  | $ | 57,746 |  |  | $ | 55,588 |
Finance leases |  | 59,102 |  |  | 79,841 |  |  | 59,499 |
Future maturities of lease liabilities at August 31, 2025 are presented in the following table:
(in thousands) |  | Operating Leases |  | Finance Leases
2026 |  | $ | 44,803 |  |  | $ | 49,766 |
2027 |  | 40,453 |  |  | 46,380 |
2028 |  | 31,523 |  |  | 39,783 |
2029 |  | 22,762 |  |  | 25,445 |
2030 |  | 16,728 |  |  | 11,036 |
Thereafter |  | 46,125 |  |  | 3,690 |
Total lease payments |  | 202,394 |  |  | 176,100 |
Less imputed interest |  | (28,515) |  |  | (17,183) |
Present value of lease liabilities |  | $ | 173,879 |  |  | $ | 158,917 |
As of August 31, 2025, the Company has additional leases that have not yet commenced, primarily for heavy-duty vehicles, with aggregate fixed payments over their terms of approximately $14 million. Of these, leases with aggregate payments approximately $13 million are expected to commence in 2026 and the remainder are expected to commence in 2027. These leases have noncancellable terms of 4 to 7 years.
Finance Leases | NOTE 7. LEASES The following table presents the components of total leased assets and lease liabilities, including their classification in the consolidated balance sheets:
(in thousands) |  | Classification in Consolidated Balance Sheets |  | August 31, 2025 |  | August 31, 2024
Assets: |  |  |  |  |  |
Operating assets |  | Other noncurrent assets |  | $ | 172,374 |  |  | $ | 178,006 |
Finance assets |  | Property, plant and equipment, net |  | 189,923 |  |  | 160,361 |
Total leased assets |  |  |  | $ | 362,297 |  |  | $ | 338,367 |
Liabilities: |  |  |  |  |  |
Operating lease liabilities: |  |  |  |  |  |
Current |  | Other accrued expenses and payables |  | $ | 37,250 |  |  | $ | 36,675 |
Long-term |  | Other noncurrent liabilities |  | 136,629 |  |  | 140,109 |
Total operating lease liabilities |  |  |  | 173,879 |  |  | 176,784 |
Finance lease liabilities: |  |  |  |  |  |
Current |  | Current maturities of long-term debt and short-term borrowings |  | 42,500 |  |  | 36,985 |
Long-term |  | Long-term debt |  | 116,417 |  |  | 104,286 |
Total finance lease liabilities |  |  |  | 158,917 |  |  | 141,271 |
Total lease liabilities |  |  |  | $ | 332,796 |  |  | $ | 318,055 |
The components of lease cost were as follows:
|  | Year Ended August 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Operating lease expense |  | $ | 48,618 |  |  | $ | 46,515 |  |  | $ | 40,093 |
Finance lease expense: |  |  |  |  |  |
Amortization of assets |  | 27,966 |  |  | 23,825 |  |  | 16,574 |
Interest on lease liabilities |  | 7,690 |  |  | 5,712 |  |  | 3,642 |
Total finance lease expense |  | 35,656 |  |  | 29,537 |  |  | 20,216 |
Variable and short-term lease expense |  | 20,901 |  |  | 19,481 |  |  | 20,810 |
Total lease expense |  | $ | 105,175 |  |  | $ | 95,533 |  |  | $ | 81,119 |
The weighted average remaining lease terms and discount rates for operating and finance leases are presented in the following table:
|  | August 31, 2025 |  | August 31, 2024
Weighted average remaining lease term (years): |  |  |  |
Operating leases |  | 5.9 |  | 6.2
Finance leases |  | 3.9 |  | 4.1
Weighted average discount rate: |  |  |  |
Operating leases |  | 5.126 | % |  | 4.934 | %
Finance leases |  | 5.263 | % |  | 5.134 | %
Cash flow and other information related to leases is included in the following table:
|  | Year Ended August 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash outflows from operating leases |  | $ | 48,649 |  |  | $ | 47,508 |  |  | $ | 40,645 |
Operating cash outflows from finance leases |  | 7,690 |  |  | 5,712 |  |  | 3,642 |
Financing cash outflows from finance leases |  | 40,567 |  |  | 34,508 |  |  | 22,837 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 38,263 |  |  | $ | 57,746 |  |  | $ | 55,588 |
Finance leases |  | 59,102 |  |  | 79,841 |  |  | 59,499 |
Future maturities of lease liabilities at August 31, 2025 are presented in the following table:
(in thousands) |  | Operating Leases |  | Finance Leases
2026 |  | $ | 44,803 |  |  | $ | 49,766 |
2027 |  | 40,453 |  |  | 46,380 |
2028 |  | 31,523 |  |  | 39,783 |
2029 |  | 22,762 |  |  | 25,445 |
2030 |  | 16,728 |  |  | 11,036 |
Thereafter |  | 46,125 |  |  | 3,690 |
Total lease payments |  | 202,394 |  |  | 176,100 |
Less imputed interest |  | (28,515) |  |  | (17,183) |
Present value of lease liabilities |  | $ | 173,879 |  |  | $ | 158,917 |
As of August 31, 2025, the Company has additional leases that have not yet commenced, primarily for heavy-duty vehicles, with aggregate fixed payments over their terms of approximately $14 million. Of these, leases with aggregate payments approximately $13 million are expected to commence in 2026 and the remainder are expected to commence in 2027. These leases have noncancellable terms of 4 to 7 years.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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