XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.21.2

Fair Value Measurements | 12 Months Ended
--- | ---
Aug. 31, 2021
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Note 14 – Fair Value Measurements The following table presents the Company’s financial assets and liabilities measured at fair value, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of August 31, 2021 and 2020, respectively:
|  | August 31, 2021 |
($ in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash and cash equivalents |  | $ | 127,107 |  |  | $ | — |  |  | $ | — |  |  | $ | 127,107 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  |  | — |  |  |  | 15,484 |  |  |  | — |  |  |  | 15,484 |
U.S. treasury securities |  |  | — |  |  |  | 4,120 |  |  |  | — |  |  |  | 4,120 |
Earn-out liability |  |  | — |  |  |  | — |  |  |  | (250 | ) |  |  | (250 | )
|  | August 31, 2020 |
($ in thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Cash and cash equivalents |  | $ | 121,403 |  |  | $ | — |  |  | $ | — |  |  | $ | 121,403 |
Marketable securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  |  | — |  |  |  | 14,426 |  |  |  | — |  |  |  | 14,426 |
U.S. treasury securities |  |  | — |  |  |  | 5,085 |  |  |  | — |  |  |  | 5,085 |
Derivative assets |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | 21 |
Earn-out liability |  |  | — |  |  |  | — |  |  |  | (1,112 | ) |  |  | (1,112 | )
The carrying value of long-term debt (including current portion) was $116.1 million and $116.3 million at August 31, 2021 and 2020, respectively. The fair value of this debt was estimated to be $125.8 million and $122.9 million as of August 31, 2021 and 2020, respectively, based on current market rates as of the respective year-ends.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration