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FAIR VALUE (Tables)
 12 Months Ended
Aug. 31, 2025
Fair Value Disclosures [Abstract]  
Financial assets and financial liabilities measured at fair value on a recurring basis The following table summarizes the Company's financial assets and financial liabilities measured at fair value on a recurring basis:
  Fair Value Measurements at Reporting Date Using
(in thousands)TotalLevel 1Level 2Level 3
As of August 31, 2025:
Assets:
Investment deposit accounts(1)
$902,106 $902,106 $— $— 
Commodity derivative assets58,901 5,458 — 53,443 
Foreign exchange derivative assets4,809 — 4,809 — 
Liabilities:
Commodity derivative liabilities282 282 — — 
Foreign exchange derivative liabilities821 — 821 — 
As of August 31, 2024:
Assets:
Investment deposit accounts(1)
$718,110 $718,110 $— $— 
Commodity derivative assets40,225 2,196 — 38,029 
Foreign exchange derivative assets419 — 419 — 
Liabilities:
Commodity derivative liabilities3,602 3,602 — — 
Foreign exchange derivative liabilities1,885 — 1,885 — 
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(1) Investment deposit accounts are short-term in nature, and the value is based on principal plus interest.
As of August 31, 2025, the Company had three Level 3 commodity derivatives with the same counterparty. The fair value of the Level 3 commodity derivatives is estimated using internally developed discounted cash flow models that rely on significant unobservable inputs. The Company forecasts future energy rates using a range of historical prices (the "floating rate"), which is the only significant unobservable input used in the Company's discounted cash flow models. Significant variations in the floating rate could materially impact the fair value measurement. The following table summarizes the range of floating rates used to measure the fair value of the Level 3 commodity derivatives at August 31, 2025 and 2024, which are applied uniformly across each of the Company's Level 3 commodity derivatives:
Floating Rate (PLN)
LowHighAverage
August 31, 2025346 563 436 
August 31, 2024324 510 405 
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation
Below is a reconciliation of the beginning and ending balances of the Level 3 commodity derivatives recognized in the consolidated statements of comprehensive income. Amounts are shown before income taxes. The fluctuation in energy rates over time may cause volatility in the fair value estimate and was the primary reason for unrealized gains and losses in OCI in 2025, 2024 and 2023.
(in thousands)Level 3 Commodity Derivatives
Balance, September 1, 2022$143,500 
Unrealized holding gain before reclassification(1)
62,706 
Reclassification for gain included in net earnings(2)
(11,781)
Balance at August 31, 2023194,425 
Unrealized holding loss before reclassification(1)
(148,533)
Reclassification for gain included in net earnings(2)
(7,863)
Balance at August 31, 202438,029 
Unrealized holding gain before reclassification(1)
24,721 
Reclassification for gain included in net earnings(2)
(9,307)
Balance at August 31, 2025$53,443 
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(1) Unrealized holding gains (losses), net of foreign currency translation, less amounts reclassified, are included in net unrealized holding gain (loss) on derivatives in the consolidated statements of comprehensive income.
(2) Realized gains included in net earnings are recorded in cost of goods sold in the consolidated statements of earnings.