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EMPLOYEES' RETIREMENT PLANS EMPLOYEES' RETIREMENT PLANS (Tables)
12 Months Ended
Aug. 31, 2025
Retirement Benefits [Abstract]  
Changes in Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
The following tables present 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 related amounts recognized in the consolidated balance sheets as of August 31, 2025 and 2024:
U.K. Pension Plan
(in thousands)20252024
Benefit obligation at beginning of year$53,192 $50,900 
Interest cost2,539 2,615 
Actuarial (gain) loss(6,613)794 
Benefits paid(3,195)(2,958)
Foreign currency translation1,269 1,841 
Benefit obligation at end of year$47,192 $53,192 
Fair value of plan assets at beginning of year$51,415 $49,522 
Actual (loss) return on plan assets(3,096)2,733 
Employer contributions342 339 
Benefits paid(3,195)(2,958)
Foreign currency translation1,264 1,779 
Fair value of plan assets at end of year$46,730 $51,415 
Funded status at end of year liability recognized in the consolidated balance sheets as of August 31,$(462)$(1,777)
Amounts recognized in AOCL as of August 31,
Net actuarial loss
$13,711 $15,981 
Schedule of Net Periodic Benefit Costs Components of net periodic benefit cost (gain) and other supplemental information are detailed below:
U.K. Pension Plan
Year Ended August 31,
(in thousands)202520242023
Interest cost$2,539 $2,615 $2,261 
Expected return on plan assets(1,895)(2,065)(2,589)
Amortization of unrecognized net actuarial loss648 622 — 
Total net periodic benefit cost (gain)$1,292 $1,172 $(328)
Other changes in plan assets and benefit obligations recognized in OCI
Net actuarial (gain) loss arising during measurement period$(2,270)$(496)$10,811 
Schedule of Weighted-average Assumptions Used
Weighted average assumptions used to determine benefit obligations are detailed below:
U.K. Pension Plan
20252024
Effective discount rate for benefit obligations5.9 %5.0 %
Weighted average assumptions used to determine net periodic benefit costs (gains) are detailed below:
U.K. Pension Plan
202520242023
Effective rate for interest on benefit obligations5.0 %5.3 %4.3 %
Expected long-term rate of return4.7 %5.0 %4.6 %
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 Percent20252024
Fixed income securities95.0%to100%98.9%99.6%
Cash and otherto5.01.10.4
Total100%100%
The following table presents the fair value of the plan assets by asset class for the U.K. Pension Plan as of August 31, 2025 and 2024. Level 1 assets consist of cash and cash equivalents. Level 2 assets include funds invested in bonds and fixed income securities. The Company had no level 3 assets as part of its U.K. Pension Plan as of August 31, 2025 or 2024.

Fair Value at Measurement Date Using
(in thousands)TotalQuoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
As of August 31, 2025:
Fixed income securities$46,201 $— $46,201 $— 
Cash529 529 — — 
Fair value of U.K. Pension Plan assets$46,730 
As of August 31, 2024:
Fixed income securities$51,194 $— $51,194 $— 
Cash and other221 — 221 — 
Fair value of U.K. Pension Plan assets$51,415 

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, 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
2026$3,388 
20273,471 
20283,556 
20293,642 
20303,730 
2031 through 203520,056