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Leases
 3 Months Ended
Nov. 30, 2023
Leases [Abstract]  
Leases Leases
Right-of-use assets and lease liabilities consisted of the following (in thousands):
November 30,
2023		August 31,
2023
Assets:
Operating lease right-of-use assets$7,660 $7,820 
Finance lease right-of-use asset3,823 - 
Total right-of-use assets$11,483 $7,820 
Liabilities:
Current operating lease liabilities(1)
$2,029 $2,144 
Long-term operating lease liabilities5,793 5,832 
Total operating lease liabilities$7,822 $7,976 
(1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets.
During the three months ended November 30, 2023, the Company entered into a finance lease for a blending facility (the “Finance Lease”). As of August 31, 2023, the Company had $3.8 million of prepaid deposits, which converted to a right-of-use asset at the commencement of the Finance Lease during the three months ended November 30, 2023. Since the Finance Lease was fully prepaid at commencement, no lease liability exists related to it as of November 30, 2023.
Leases Leases
Right-of-use assets and lease liabilities consisted of the following (in thousands):
November 30,
2023		August 31,
2023
Assets:
Operating lease right-of-use assets$7,660 $7,820 
Finance lease right-of-use asset3,823 - 
Total right-of-use assets$11,483 $7,820 
Liabilities:
Current operating lease liabilities(1)
$2,029 $2,144 
Long-term operating lease liabilities5,793 5,832 
Total operating lease liabilities$7,822 $7,976 
(1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets.
During the three months ended November 30, 2023, the Company entered into a finance lease for a blending facility (the “Finance Lease”). As of August 31, 2023, the Company had $3.8 million of prepaid deposits, which converted to a right-of-use asset at the commencement of the Finance Lease during the three months ended November 30, 2023. Since the Finance Lease was fully prepaid at commencement, no lease liability exists related to it as of November 30, 2023.