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Retirement Plans (Tables)

12 Months Ended

Aug. 31, 2023

Retirement Benefits [Abstract]

Schedule of Amounts Recognized in Balance Sheet

The funded status of the plan and the net amount recognized in the accompanying balance sheets as of August 31 is as follows:

		August 31,
($ in thousands)		2023				2022
Change in benefit obligation:
Benefit obligation at beginning of year		$	5,422			$	6,284
Interest cost			211				156
Actuarial gain			(191	)			(488	)
Benefits paid			(530	)			(530	)
Benefit obligation at end of year		$	4,912			$	5,422

Schedule of Amounts Recognized in Statement of Financial Position

Amounts recorded in the consolidated balance sheets for the pension benefit obligation consist of:

		August 31,
($ in thousands)		2023				2022
Other current liabilities		$	530			$	530
Other non-current liabilities			4,382				4,892
Net amount recognized		$	4,912			$	5,422

Schedule of Before-tax Amounts Recognized in Accumulated other Comprehensive Loss

The before-tax amounts recognized in accumulated other comprehensive loss consists of:

		August 31,
($ in thousands)		2023				2022
Net actuarial loss		$	(2,591	)		$	(2,993	)

Schedules of Net Periodic Benefit Costs

The components of the net periodic benefit cost for the supplemental retirement plan recorded within other income (expense) on the consolidated statement of earnings are as follows:

		For the years ended August 31,
($ in thousands)		2023				2022				2021
Interest cost		$	211			$	156			$	146
Net amortization and deferral			211				255				269
Total		$	422			$	411			$	415

Schedule of Expected Benefit Payments

The following net benefit payments are expected to be paid:

Fiscal years		$ in thousands
2024		$	514
2025			503
2026			490
2027			477
2028			462
Thereafter			2,466
		$	4,912

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- Definition

Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period.

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- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (f)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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