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LEASES

12 Months Ended

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
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-URI https://asc.fasb.org/842-20/tableOfContent

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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

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