Property And Equipment

9 Months Ended

May 31, 2018

Note 4. Property and Equipment

Property and equipment, net, consisted of the following (in thousands):



	May 31,		August 31,
	2018		2017
Machinery, equipment and vehicles	$	17,918	$	17,491
Buildings and improvements		17,131		16,953
Computer and office equipment		5,296		4,552
Software		9,511		7,947
Furniture and fixtures		1,751		1,608
Capital in progress		7,465		861
Land		3,456		3,453
Subtotal		62,528		52,865
Less: accumulated depreciation and amortization		(26,322)		(23,426)
Total	$	36,206	$	29,439

At May 31, 2018, capital in progress on the balance sheet included £5.5 million Pound Sterling ($7.2 million in U.S. Dollars as converted at exchange rates as of May 31, 2018) associated with capital costs related to the purchase of the Company’s new office building and related land in Milton Keynes, England, which will house employees of the Company’s EMEA segment that are based in the United Kingdom. The Company expects to incur additional capital costs related to the buildout of the acquired building and for the purchase of new furniture, fixtures and equipment. Upon completion of the buildout, the Company will place these assets into service and reclassify the amounts recorded in capital in progress to the respective fixed asset categories, which includes amounts attributable to the land. Since all assets associated with this new office building are denominated in Pound Sterling, amounts will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates. For further information, see the Liquidity and Capital Resources section in Part I—Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.