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Accrued And Other Liabilities | 9 Months Ended
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May 31, 2019
Accrued And Other Liabilities [Abstract] |
Accrued And Other Liabilities | Note 6. Accrued and Other Liabilities Accrued liabilities consisted of the following (in thousands):
| May 31, |  | August 31,
| 2019 |  | 2018
Accrued advertising and sales promotion expenses | $ | 10,249 |  | $ | 11,972
Accrued professional services fees |  | 1,383 |  |  | 1,712
Accrued sales taxes and other taxes |  | 1,266 |  |  | 1,642
Accrued liability forward contract (1) |  | - |  |  | 6,893
Other |  | 4,323 |  |  | 4,021
Total | $ | 17,221 |  | $ | 26,240
(1)This accrued liability as of August 31, 2018 relates to a foreign currency forward contract that the Company’s U.K. subsidiary entered into with Bank of America to sell U.S. Dollars and receive Pound Sterling. This foreign currency forward contract matured on August 30, 2018, but the settlement of the currencies in the amount of $6.9 million did not occur until September 4, 2018. As a result, as of August 31, 2018, the Company owed Bank of America $6.9 million which was recorded in accrued and other liabilities. Bank of America also owed the Company $6.9 million equivalent in Pound Sterling and this was recorded in other current assets as of August 31, 2018. Accrued payroll and related expenses consisted of the following (in thousands):
| May 31, |  | August 31,
| 2019 |  | 2018
Accrued incentive compensation | $ | 5,351 |  | $ | 6,719
Accrued payroll |  | 3,456 |  |  | 3,792
Accrued profit sharing |  | 1,654 |  |  | 2,561
Accrued payroll taxes |  | 1,385 |  |  | 1,236
Other |  | 501 |  |  | 515
Total | $ | 12,347 |  | $ | 14,823

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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