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Fair Value Measures (Tables)
 9 Months Ended
May 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 May 31, 2021 were:

 

(In thousands)

 

Total

 

 

Level 1

 

 

Level 2 (1)

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

610

 

 

$

—

 

 

$

610

 

 

$

—

 

Nonqualified savings plan investments

 

 

45,816

 

 

 

45,816

 

 

 

—

 

 

 

—

 

Cash equivalents

 

 

203,833

 

 

 

203,833

 

 

 

—

 

 

 

—

 

 

 

$

250,259

 

 

$

249,649

 

 

$

610

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments

 

$

11,417

 

 

$

—

 

 

$

11,417

 

 

$

—

 

 

 

(1)

Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 12 - Derivative Instruments for further discussion.

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

 

(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

 

 

$

—