XML 24 R13.htm IDEA: XBRL DOCUMENT v3.24.2
Property and Equipment and Capitalized Cloud-Based Software Implementation Costs
 9 Months Ended
May 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment and Capitalized Cloud-Based Software Implementation Costs Property and Equipment and Capitalized Cloud-Based Software Implementation Costs
Property and equipment, net, consisted of the following (in thousands):
May 31,
2024		August 31,
2023
Machinery, equipment and vehicles$55,083 $49,804 
Buildings and improvements27,941 27,555 
Computer and office equipment6,582 6,151 
Internal-use software10,179 11,277 
Furniture and fixtures3,082 3,027 
Capital in progress3,414 7,937 
Land4,222 4,220 
Subtotal110,503 109,971 
Less: accumulated depreciation and amortization(46,600)(43,180)
Total$63,903 $66,791 
As of May 31, 2024 and August 31, 2023, the Company’s condensed consolidated balance sheets included $12.4 million and $11.0 million, respectively, of capitalized cloud-based implementation costs recorded as other assets within the Company’s condensed consolidated balance sheets. These balances primarily consist of capitalized implementation costs related to a new cloud-based enterprise resource planning (“ERP”) system which the Company placed into service in the U.S. during the second quarter of fiscal year 2024. The useful lives of the Company’s internal-use software and capitalized cloud computing implementation costs are generally three to five years. However, the useful lives of major information system installations such as implementations of ERP systems and certain related software are determined on an individual basis and may exceed five years depending on the estimated period of use. The Company has determined the useful life of the new ERP system to be ten years and is amortizing over such period. Accumulated amortization associated with these assets was $1.4 million and $0.7 million as of May 31, 2024 and August 31, 2023, respectively. Amortization expense associated with these assets was $0.6 million for the nine months ended May 31, 2024 and was not significant for three months ended May 31, 2024 or for the three and nine months ended May 31, 2023.