Property And Equipment

6 Months Ended

Feb. 28, 2019

Note 4. Property and Equipment

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



	February 28,		August 31,
	2019		2018
Machinery, equipment and vehicles	$	18,378	$	17,848
Buildings and improvements		17,140		17,100
Computer and office equipment		5,375		5,046
Software		10,170		9,481
Furniture and fixtures		1,914		1,820
Capital in progress		11,598		8,042
Land		3,457		3,453
Subtotal		68,032		62,790
Less: accumulated depreciation and amortization		(28,557)		(26,433)
Total	$	39,475	$	36,357

At February 28, 2019, capital in progress on the balance sheet included £5.8 million Pound Sterling ($7.7 million in U.S. Dollars as converted at exchange rates as of February 28, 2019) associated with capital costs related to the purchase of the Company’s new office building and related land, as well as buildout costs in Milton Keynes, England. This new office building will house employees of the Company’s EMEA segment that are based in the United Kingdom. The Company has and will continue 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, which is expected to occur late in fiscal year 2019 or early in fiscal year 2020, 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”.