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Fair Value Measures (Tables)
 12 Months Ended
Aug. 31, 2021
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2021 are:

 

(In thousands)

 

Total

 

 

Level 1

 

 

Level 2(1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

118

 

 

$

—

 

 

$

118

 

 

$

—

 

Nonqualified savings plan investments

 

 

47,653

 

 

 

47,653

 

 

 

—

 

 

 

—

 

Cash equivalents

 

 

228,905

 

 

 

228,905

 

 

 

—

 

 

 

—

 

 

 

$

276,676

 

 

$

276,558

 

 

$

118

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

10,451

 

 

$

—

 

 

$

10,451

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Level 2 assets include derivative financial instruments which are valued based on significant observable inputs. See Note 13 - Derivative Instruments for further discussion.

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2020 are:

 

(In thousands)

 

Total

 

 

Level 1

 

 

Level 2(1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

582

 

 

$

—

 

 

$

582

 

 

$

—

 

Nonqualified savings plan investments

 

 

35,744

 

 

 

35,744

 

 

 

—

 

 

 

—

 

Cash equivalents

 

 

203,509

 

 

 

203,509

 

 

 

—

 

 

 

—

 

 

 

$

239,835

 

 

$

239,253

 

 

$

582

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

15,907

 

 

$

—

 

 

$

15,907

 

 

$

—