v3.26.3
Lease Commitments (Tables)
 12 Months Ended
Aug. 31, 2026
Leases [Abstract]  
Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases

Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases as of August 31, 2026, will mature as follows:

(In millions)

 

 

 

2027

 

$

113.8

 

2028

 

 

93.3

 

2029

 

 

68.1

 

2030

 

 

47.1

 

2031

 

 

32.8

 

Thereafter

 

 

43.7

 

 

$

398.8

 

 

 

 

 
Components of Operating Lease Costs

The components of operating lease costs were as follows:

 

 

For the Year Ended August 31,

 

(In millions)

 

2026

 

 

2025

 

 

2024

 

Operating lease expense

 

$

20.1

 

 

$

19.8

 

 

$

17.3

 

Short-term lease expense

 

 

3.8

 

 

 

6.1

 

 

 

7.9

 

Total

 

$

23.9

 

 

$

25.9

 

 

$

25.2

 

 

 

 

 

 

 

 

 

 

 
Aggregate Minimum Future Amounts Payable Under Operating Leases

Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms as of August 31, 2026 will mature as follows:

(In millions)

 

 

 

2027

 

$

17.0

 

2028

 

 

15.9

 

2029

 

 

14.2

 

2030

 

 

11.0

 

2031

 

 

7.4

 

Thereafter

 

 

26.2

 

Total lease payments

 

$

91.7

 

Less: Imputed interest

 

 

(14.7

)

Total lease obligations

 

$

77.0

 

 

 

 

 
Additional Information Related to Company's Leases

The table below presents additional information related to the Company’s operating leases:

 

 

As of August 31,

 

(In millions)

 

2026

 

 

2025

 

Weighted average remaining lease term

 

10.2 years

 

 

10.6 years

 

Weighted average discount rate

 

 

4.8

%

 

 

4.5

%

 
Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

 

 

For the Year Ended August 31,

 

(In millions)

 

2026

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

20.1

 

 

$

18.4

 

 

$

17.1

 

ROU assets obtained in exchange for lease liabilities:

 

 

 

 

 

 

 

 

 

Operating leases

 

$

11.6

 

 

$

33.6

 

 

$

8.6