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Leases (Tables)
9 Months Ended
May 31, 2021
Leases [Abstract]  
Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases

Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases at May 31, 2021, will mature as follows:

(in thousands)

 

 

 

 

Remaining three months of 2021

 

$

8,705

 

2022

 

 

24,151

 

2023

 

 

19,714

 

2024

 

 

17,224

 

2025

 

 

10,775

 

Thereafter

 

 

23,627

 

 

 

$

104,196

 

Components of Operating Lease Costs

The components of operating lease costs were as follows:

 

(in thousands)

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

May 31,

2021

 

 

May 31,

2020

 

 

May 31,

2021

 

 

May 31,

2020

 

Operating lease expense

 

$

2,920

 

 

$

4,388

 

 

$

10,438

 

 

$

11,238

 

Short-term lease expense

 

 

991

 

 

 

1,707

 

 

 

3,577

 

 

 

6,437

 

Total

 

$

3,911

 

 

$

6,095

 

 

$

14,015

 

 

$

17,675

 

Aggregate Minimum Future Amounts Payable Under Operating Leases

Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms at May 31, 2021 will mature as follows:

(in thousands)

 

 

 

 

Remaining three months of 2021

 

$

2,405

 

2022

 

 

9,151

 

2023

 

 

8,713

 

2024

 

 

7,429

 

2025

 

 

5,070

 

Thereafter

 

 

17,557

 

Total lease payments

 

$

50,325

 

Less: Imputed interest

 

 

(6,008

)

Total lease obligations

 

$

44,317

 

 

Additional Information Related to Company's Leases

The table below presents additional information related to the Company’s leases:

 

Weighted average remaining lease term:

 

 

 

 

Operating leases

 

13.8 Years

 

 

 

 

 

 

Weighted average discount rate:

 

 

 

 

Operating leases

 

 

3.0

%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases were as follows:

 

(in thousands)

 

Nine months ended

May 31,

2021

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

10,091

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

404

 

ROU assets disposed of for lease terminations

 

$

(12,053

)