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Long-Term Debt (Tables)

6 Months Ended

Feb. 29, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The components of long-term debt are as follows:

(in thousands)			February 29, 2020						August 31, 2019
ABL Credit Facility			$	—					$	—
Term Loan			257,250						260,000
Convertible Notes			300,000						—
Long-term debt, gross			557,250						260,000
Convertible Notes unamortized interest discount			(80,839)						—
Debt issuance costs, net			(11,609)						(5,706)
Long-term debt			464,802						254,294
Less current maturities			13,668						8,892
Long-term debt, less current maturities			$	451,134					$	245,402

Schedule of Maturities of Long-term Debt

Aggregate contractual maturities of debt in future fiscal years are as follows:

(in thousands)			Amount
Fiscal 2020			$	7,500
Fiscal 2021			15,000
Fiscal 2022			15,000
Fiscal 2023			15,000
Fiscal 2024			204,750
Thereafter			300,000
Total Term Loan and Convertible Notes			$	557,250

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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