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Leases (Tables)
3 Months Ended
Nov. 30, 2020
Leases [Abstract]  
Lease, Cost [Table Text Block] Lease expense is recognized on a straight-line basis over the lease term. The components of lease expense recognized in our Condensed Consolidated Statements of Operations are as follows:
Three Months Ended
November 30,
20202019
(Dollars in thousands)
Operating lease expense$17,914 $16,480 
Finance lease expense:
Amortization of assets
2,055 2,189 
Interest on lease liabilities
246 224 
Short-term lease expense4,356 3,343 
Variable lease expense678 116 
Total net lease expense*
$25,249 $22,352 
*Income related to sub-lease activity is not material and has been excluded from the table above.
Lease Balance Sheet disclosure [Table Text Block] Supplemental balance sheet information related to operating and finance leases is as follows:
Balance Sheet LocationNovember 30, 2020August 31, 2020
(Dollars in thousands)
Operating leases
Assets
Operating lease right of use assets
Other assets$251,968 $257,834 
Liabilities
Current operating lease liabilities
Accrued expenses56,531 57,200 
Long-term operating lease liabilities
Other liabilities198,481 203,691 
Total operating lease liabilities
$255,012 $260,891 
Finance leases
Assets
Finance lease assets
Property, plant and equipment$42,449 $44,860 
Liabilities
Current finance lease liabilities
Current portion of long-term debt7,236 7,993 
Long-term finance lease liabilities
Long-term debt21,636 23,467 
Total finance lease liabilities
$28,872 $31,460 
Weighted average remaining lease term (in years)
Operating leases
8.28.3
Finance leases
6.26.0
Weighted average discount rate
Operating leases
3.10 %3.11 %
Finance leases
3.41 %3.33 %
Lease Cash flow and other information disclosure [Table Text Block] Supplemental cash flow and other information related to operating and finance leases are as follows:
Three Months Ended
November 30,
20202019
(Dollars in thousands)
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases
$18,314 $15,722 
Operating cash flows from finance leases
246 224 
Financing cash flows from finance leases
2,869 1,673 
Supplemental noncash information:
Right of use assets obtained in exchange for lease liabilities
4,482 4,724 
Right of use asset modifications
6,822 — 
Lease liability maturity [Table Text Block] Maturities of lease liabilities as of November 30, 2020, were as follows:
November 30, 2020
Finance LeasesOperating Leases
(Dollars in thousands)
Remainder of fiscal 2021$5,755 $48,395 
Fiscal 20227,049 53,090 
Fiscal 20236,091 42,893 
Fiscal 20243,482 34,307 
Fiscal 20252,077 24,945 
After fiscal 20258,076 96,394 
Total maturities of lease liabilities
32,530 300,024 
Less amounts representing interest3,658 45,012 
Present value of future minimum lease payments
28,872 255,012 
Less current lease liabilities7,236 56,531 
Long-term lease liabilities$21,636 $198,481