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Leases (Tables)

9 Months Ended

May 31, 2021

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 May 31,				Nine Months Ended May 31,
	2021		2020		2021		2020
	(Dollars in thousands)
Operating lease expense	$	18,534	$	17,057	$	54,508	$	53,155
Finance lease expense:
Amortization of assets	1,974		1,908		5,919		5,170
Interest on lease liabilities	218		257		694		742
Short-term lease expense	3,970		3,108		12,394		12,768
Variable lease expense	668		1,176		2,209		2,089
Total net lease expense*	$	25,364	$	23,506	$	75,724	$	73,924

*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 Location	May 31, 2021			August 31, 2020
		(Dollars in thousands)
Operating leases
Assets
Operating lease right of use assets	Other assets	$	262,737		$	257,834
Liabilities
Current operating lease liabilities	Accrued expenses	58,767			57,200
Long-term operating lease liabilities	Other liabilities	207,513			203,691
Total operating lease liabilities		$	266,280		$	260,891

Finance leases
Assets
Finance lease assets	Property, plant and equipment	$	39,393		$	44,860
Liabilities
Current finance lease liabilities	Current portion of long-term debt	7,152			7,993
Long-term finance lease liabilities	Long-term debt	19,307			23,467
Total finance lease liabilities		$	26,459		$	31,460

Weighted average remaining lease term (in years)
Operating leases		7.9			8.3
Finance leases		5.7			6.0

Weighted average discount rate
Operating leases		2.99		%	3.11		%
Finance leases		3.34		%	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:


	Nine Months Ended May 31,
	2021		2020
	(Dollars in thousands)
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	56,448	$	45,718
Operating cash flows from finance leases	694		742
Financing cash flows from finance leases	6,426		5,239
Supplemental noncash information:
Right of use assets obtained in exchange for lease liabilities	37,284		32,567
Right of use asset modifications	23,886		6,507

Lease liability maturity [Table Text Block]

Maturities of lease liabilities as of May 31, 2021, were as follows:


	May 31, 2021
	Finance Leases		Operating Leases
	(Dollars in thousands)
Remainder of fiscal 2021	$	2,004	$	18,002
Fiscal 2022	7,787		65,469
Fiscal 2023	6,206		51,946
Fiscal 2024	3,487		41,945
Fiscal 2025	2,078		31,211
After fiscal 2025	8,071		108,601
Total maturities of lease liabilities	29,633		317,174
Less amounts representing interest	3,174		50,894
Present value of future minimum lease payments	26,459		266,280
Less current lease liabilities	7,152		58,767
Long-term lease liabilities	$	19,307	$	207,513