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Fair Value Measurements (Tables)

9 Months Ended

May 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value

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 May 31, 2021, May 31, 2020, and August 31, 2020. There were no transfers between any levels for the periods presented.

		May 31, 2021
($ in thousands)		Level 1				Level 2				Level 3				Total
Cash and cash equivalents		$	120,801			$	—			$	—			$	120,801
Marketable securities:
Corporate bonds			—				15,114				—				15,114
U.S. treasury securities			—				4,549				—				4,549
Earn-out liability			—				—				(1,098	)			(1,098	)
		May 31, 2020
($ in thousands)		Level 1				Level 2				Level 3				Total
Cash and cash equivalents		$	102,474			$	—			$	—			$	102,474
Marketable securities:
Corporate bonds			—				14,554				—				14,554
U.S. treasury securities			—				4,458				—				4,458
Derivative assets			—				909				—				909
Derivative liabilities			—				(528	)			—				(528	)
Earn-out liability			—				—				(1,195	)			(1,195	)
		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	)

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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