v3.26.3
PROPERTY AND EQUIPMENT
 12 Months Ended
Aug. 31, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment are stated at historical cost. The historical cost of acquiring an asset includes the costs incurred to bring it to the condition and location necessary for its intended use. Depreciation is computed on the straight-line basis over the estimated useful lives of the assets. The useful life of fixtures and equipment ranges from 3 to 15 years and that of certain components of building improvements and buildings from 10 to 40 years. Leasehold improvements are amortized over the shorter of the useful life of the improvement or the expected term of the lease. In some locations, leasehold improvements are amortized over a period longer than the initial lease term where management believes it is reasonably certain that the renewal option in the underlying lease will be exercised because an economic penalty may be incurred if the option is not exercised. The sale or purchase of property and equipment is recognized upon legal transfer of property.
Property and equipment consist of the following (in thousands):
August 31,
2026		August 31,
2025
Land$340,253$287,979
Building and improvements986,934846,510
Fixtures and equipment532,918464,893
Construction in progress89,18345,535
Total property and equipment, historical cost1,949,2881,644,917
Less: accumulated depreciation(766,632)(648,636)
Property and equipment, net$1,182,656$996,281
Depreciation expense (in thousands):
Years Ended August 31,
202620252024
Depreciation expense, Property and equipment$99,200$88,161$82,611
The Company capitalizes interest on expenditures for qualifying assets over a period that covers the duration of the activities required to get the asset ready for its intended use, provided that expenditures for the asset have been made and interest cost is being incurred. Interest capitalization continues as long as those activities and the incurrence of interest cost continue. The amount capitalized in an accounting period is determined by applying the Company’s consolidated capitalization rate (average interest rate) to the average amount of accumulated expenditures for the qualifying asset, for each country, during the period. The capitalization rates are based on the interest rates applicable to borrowings outstanding during the period.
Total interest capitalized (in thousands):
Balance as of
August 31,
2026		August 31,
2025
Total interest capitalized$20,487$16,701
Total interest capitalized during fiscal years 2026, 2025 and 2024 (in thousands):
Years Ended August 31,
202620252024
Interest capitalized$2,822 $1,426 $939 
A summary of asset disposal activity for fiscal years 2026, 2025 and 2024 is as follows (in thousands):
Historical
Cost		Accumulated
Depreciation		Proceeds from
disposal		Loss
recognized
Fiscal Year 2026
$35,230$24,749$6,718$(3,763)
Fiscal Year 2025
$31,043$28,093$483$(2,467)
Fiscal Year 2024
$24,803$19,370$3,265$(2,168)
The Company also recorded within accounts payable and other accrued expenses approximately $3.0 million and $3.2 million, respectively, as of August 31, 2026 and $0.7 million and $0.1 million, respectively, as of August 31, 2025 related to the acquisition and/or construction of property and equipment.