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Leases (Tables) | 12 Months Ended
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Aug. 31, 2022
Leases [Abstract] |
Schedule of Lease Cost and Other Information Related to Company's Operating Leases | Lease cost and other information related to the Company’s operating leases are as follows:
|  | August 31, |
($ in thousands) |  | 2022 |  |  | 2021 |
Operating lease cost (cost resulting from lease payments) |  | $ | 5,573 |  |  | $ | 5,441 |
Variable lease cost (cost excluded from lease payments) |  |  | 552 |  |  |  | 508 |
Total lease cost |  | $ | 6,125 |  |  | $ | 5,949 |
Operating cash outflows from operating leases |  | $ | 5,198 |  |  | $ | 4,805 |
Weighted average lease term - operating leases |  | 9.0 years |  |  | 9.7 years |
Weighted average discount rate - operating leases |  |  | 3.3 | % |  |  | 3.3 | %
Supplemental Balance Sheet Information Related to Operating Leases | Supplemental balance sheet information related to operating leases are as follows:
|  |  |  | August 31, |
($ in thousands) |  | Classification |  | 2022 |  |  | 2021 |
Operating lease ROU assets |  | Operating lease right-of-use assets |  | $ | 19,181 |  |  | $ | 18,281 |
Operating lease short-term liabilities |  | Other current liabilities |  |  | 3,159 |  |  |  | 3,991 |
Operating lease long-term liabilities |  | Operating lease liabilities |  |  | 19,810 |  |  |  | 18,301 |
Total lease liabilities |  |  |  | $ | 22,969 |  |  | $ | 22,292 |
Schedule of Minimum Lease Payments Under Operating Leases | The minimum lease payments under operating leases expiring subsequent to August 31, 2022 are as follows:
Fiscal year ending |  | $ in thousands |
2023 |  | $ | 3,808 |
2024 |  |  | 3,275 |
2025 |  |  | 3,136 |
2026 |  |  | 2,967 |
2027 |  |  | 2,590 |
Thereafter |  |  | 11,202 |
Total lease payments |  |  | 26,978 |
Less: interest |  |  | 4,009 |
Present value of lease liabilities |  | $ | 22,969 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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