XML 56 R43.htm IDEA: XBRL DOCUMENT v3.23.3

Leases (Tables)

12 Months Ended

Aug. 31, 2023

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)		2023				2022
Operating lease cost (cost resulting from lease payments)		$	4,114			$	5,573
Variable lease cost (cost excluded from lease payments)			536				552
Total lease cost		$	4,650			$	6,125
Operating cash outflows from operating leases		$	4,205			$	5,198
Weighted average lease term - operating leases		8.3 years				9.0 years
Weighted average discount rate - operating leases			3.5	%			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		2023				2022
Operating lease ROU assets		Operating lease right-of-use assets		$	17,036			$	19,181
Operating lease short-term liabilities		Other current liabilities			3,028				3,159
Operating lease long-term liabilities		Operating lease liabilities			17,689				19,810
Total lease liabilities				$	20,717			$	22,969

Schedule of Minimum Lease Payments Under Operating Leases

The minimum lease payments under operating leases expiring subsequent to August 31, 2023 are as follows:

Fiscal year ending		$ in thousands
2024		$	3,715
2025			3,395
2026			3,086
2027			2,660
2028			1,913
Thereafter			9,397
Total lease payments			24,166
Less: interest			3,449
Present value of lease liabilities		$	20,717

X

- Definition

Schedule of supplemental balance sheet information related to operating leases.

+ References

No definition available.

+ Details

Name:	lnn_ScheduleOfSupplementalBalanceSheetInformationRelatedToOperatingLeasesTableTextBlock
Namespace Prefix:	lnn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration