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Leases | 9 Months Ended
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May 31, 2024
Leases [Abstract] |
Leases | Leases Right-of-use assets and lease liabilities consisted of the following (in thousands):
| May 31, 2024 |  | August 31, 2023
Assets: |  |  |
Operating lease right-of-use assets | $ | 7,960 |  |  | $ | 7,820 |
Finance lease right-of-use asset | 3,630 |  |  | - |
Total right-of-use assets | $ | 11,590 |  |  | $ | 7,820 |
Liabilities: |  |  |
Current operating lease liabilities(1) | $ | 1,997 |  |  | $ | 2,144 |
Long-term operating lease liabilities | 6,072 |  |  | 5,832 |
Total operating lease liabilities | $ | 8,069 |  |  | $ | 7,976 |
(1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets. During the nine months ended May 31, 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 nine months ended May 31, 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):
| May 31, 2024 |  | August 31, 2023
Assets: |  |  |
Operating lease right-of-use assets | $ | 7,960 |  |  | $ | 7,820 |
Finance lease right-of-use asset | 3,630 |  |  | - |
Total right-of-use assets | $ | 11,590 |  |  | $ | 7,820 |
Liabilities: |  |  |
Current operating lease liabilities(1) | $ | 1,997 |  |  | $ | 2,144 |
Long-term operating lease liabilities | 6,072 |  |  | 5,832 |
Total operating lease liabilities | $ | 8,069 |  |  | $ | 7,976 |
(1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets. During the nine months ended May 31, 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 nine months ended May 31, 2024. Since the Finance Lease was fully prepaid at commencement, no lease liability exists related to it

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- References No definition available. + Details
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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 -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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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 + Details
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