XML 32 R12.htm IDEA: XBRL DOCUMENT
v3.21.4

Benefit Plans | 3 Months Ended
--- | ---
Nov. 30, 2021
Retirement Benefits [Abstract] |
Benefit plans | Benefit Plans We have various pension and other defined benefit and defined contribution plans, in which substantially all employees may participate. We also have nonqualified supplemental executive and Board retirement plans. Components of net periodic benefit costs for the three months ended November 30, 2021 and 2020, are as follows:
| Three Months Ended November 30,
| Qualified Pension Benefits |  | Nonqualified Pension Benefits |  | Other Benefits
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020
Components of net periodic benefit costs: | (Dollars in thousands)
Service cost | $ | 11,569 |  |  | $ | 11,307 |  |  | $ | 232 |  |  | $ | 108 |  |  | $ | 249 |  |  | $ | 297 |
Interest cost | 4,292 |  |  | 4,141 |  |  | 70 |  |  | 68 |  |  | 126 |  |  | 123 |
Expected return on assets | (10,990) |  |  | (10,910) |  |  | — |  |  | — |  |  | — |  |  | — |
Prior service cost (credit) amortization | 44 |  |  | 45 |  |  | (29) |  |  | (28) |  |  | (111) |  |  | (111) |
Actuarial loss (gain) amortization | 5,852 |  |  | 5,447 |  |  | 120 |  |  | 53 |  |  | (315) |  |  | (341) |
Net periodic benefit cost (benefit) | $ | 10,767 |  |  | $ | 10,030 |  |  | $ | 393 |  |  | $ | 201 |  |  | $ | (51) |  |  | $ | (32) |
The service cost component of defined benefit net periodic benefit cost is recorded in cost of goods sold and marketing, general and administrative expenses. The other components of net periodic benefit cost are recorded in other income. Employer Contributions Any contributions made during fiscal 2022 will depend primarily on market returns on the pension plan assets and minimum funding level requirements. No contributions were made to the pension plans during the three months ended November 30, 2021, and we do not currently anticipate being required to make contributions for our pension plans in fiscal 2022.

X
- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_CompensationAndEmployeeBenefitPlansTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration