FAIR VALUE MEASURES (Tables)

12 Months Ended

Aug. 31, 2026

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables show, by level within the fair value hierarchy, our assets and liabilities that are measured at fair value on a recurring basis as of August 31, 2026 and August 31, 2025. We did not have any transfers between levels of fair value measurements during fiscal 2026 and 2025.


(in thousands)	Fair Value Measurements as of August 31, 2026
	Level 1		Level 2		Level 3		Total
Assets
Money market funds(1)	$	25,008	$	—	$	—	$	25,008
Mutual funds(2)	—		31,993		—		31,993

Derivative instruments(3)	—		627		—		627
Total assets measured at fair value	$	25,008	$	32,620	$	—	$	57,628

Liabilities
Derivative instruments(3)	$	—	$	1,915	$	—	$	1,915
Contingent liabilities(5)	—		—		10,201		10,201
Total liabilities measured at fair value	$	—	$	1,915	$	10,201	$	12,116


(in thousands)	Fair Value Measurements as of August 31, 2025
	Level 1		Level 2		Level 3		Total
Assets
Money market funds(1)	$	8,649	$	—	$	—	$	8,649
Mutual funds(2)	—		17,445		—		17,445

Derivative instruments(3)	—		3,590		—		3,590
Total assets measured at fair value	$	8,649	$	21,035	$	—	$	29,684

Liabilities
Derivative instruments(3)(4)	$	—	$	808	$	—	$	808
Contingent liability(5)	—		—		24,126		24,126
Total liabilities measured at fair value	$	—	$	808	$	24,126	$	24,934

(1) Our money market funds are readily convertible into cash and are reported based on their net asset value, which represents its fair value, on the last day of the reporting period. The net asset values are readily determinable and represent the prices of active trading in the market. Our money market funds are included in Cash and cash equivalents within the Consolidated Balance Sheets.

(2) Our mutual funds' fair value is based on the fair value of the underlying investments held by the mutual funds, allocated to each share of the mutual fund using a net asset value approach. The fair value of each underlying investment is based on observable inputs, when available, or pricing from valuation agencies. Our mutual funds are included in Investments within the Consolidated Balance Sheets.

(3) Our foreign exchange forward contracts fair value is determined utilizing the income approach. The income approach uses pricing models that rely on market observable inputs such as spot, forward and interest rates, as well as credit default swap spreads. Our foreign exchange forward contracts in an asset position are included in Prepaid expenses and other current assets and those in a liability position are included in Accounts payable and accrued expenses within the Consolidated Balance Sheets.

(4) Our interest rate swap agreements fair value is estimated utilizing a present value of future cash flows, leveraging a model-derived valuation that uses observable inputs such as interest rate yield curves. Our interest rate swap agreements in an asset position are included in Prepaid expenses and other current assets and those in a liability position are included in Accounts payable and accrued expenses within the Consolidated Balance Sheets.

(5) Our contingent liabilities resulted from the acquisitions of various businesses. These liabilities reflect the present value of potential future payments that are contingent upon the achievement of certain specified milestones and are valued using a scenario-based method. This method incorporates unobservable inputs and assumptions made by management, including the probability of achieving specified milestones, expected time until payment and the discount rate. Refer to Note 5, Acquisitions, for more information on the contingent liabilities associated with the Liquid Holdings LLC ("LiquidityBook") and Platform Group Limited ("Irwin") acquisitions.

Schedule of Principal Amount and Fair Value of Outstanding Debt

The following table summarizes information on our outstanding debt as of August 31, 2026 and August 31, 2025:


		August 31, 2026				August 31, 2025
(in thousands)	Fair Value Hierarchy	Principal Amount		Estimated Fair Value		Principal Amount		Estimated Fair Value
2027 Notes	Level 1	$	500,000	$	495,510	$	500,000	$	490,565
2032 Notes	Level 1	500,000		450,485		500,000		460,440
2025 Term Facility(1)	Level 3	375,000		373,375		375,000		374,866

Total principal amount		$	1,375,000	$	1,319,370	$	1,375,000	$	1,325,871
Total unamortized discounts and debt issuance costs(2)		(4,978)				(6,740)
Total net carrying value of debt		$	1,370,022			$	1,368,260

(1) On August 28, 2026, we amended the 2025 Credit Agreement. Refer to Note 10, Debt, for further information.

(2) Debt issuance costs are presented in the Consolidated Balance Sheets as a direct deduction from the carrying amount of the debt liability for the 2025 Term Facility, 2027 Notes and 2032 Notes. For the 2025 Revolving Facility, debt issuance costs are presented within Other assets, as such, they are excluded from the table above. Refer to Note 10, Debt for more information.