XML 25 R14.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Leases
 6 Months Ended
Feb. 29, 2024
Leases [Abstract]  
Leases Leases
Right-of-use assets and lease liabilities consisted of the following (in thousands):
February 29,
2024		August 31,
2023
Assets:
Operating lease right-of-use assets$7,241 $7,820 
Finance lease right-of-use asset3,727 - 
Total right-of-use assets$10,968 $7,820 
Liabilities:
Current operating lease liabilities(1)
$1,864 $2,144 
Long-term operating lease liabilities5,509 5,832 
Total operating lease liabilities$7,373 $7,976 
(1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets.
During the six months ended February 29, 2024, 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 six months ended February 29, 2024. Since the Finance Lease was fully prepaid at commencement, no lease liability exists related to it
Leases Leases
Right-of-use assets and lease liabilities consisted of the following (in thousands):
February 29,
2024		August 31,
2023
Assets:
Operating lease right-of-use assets$7,241 $7,820 
Finance lease right-of-use asset3,727 - 
Total right-of-use assets$10,968 $7,820 
Liabilities:
Current operating lease liabilities(1)
$1,864 $2,144 
Long-term operating lease liabilities5,509 5,832 
Total operating lease liabilities$7,373 $7,976 
(1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets.
During the six months ended February 29, 2024, 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 six months ended February 29, 2024. Since the Finance Lease was fully prepaid at commencement, no lease liability exists related to it