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Acquisitions and Divestitures (Tables) | 12 Months Ended
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Aug. 31, 2023
Business Combinations [Abstract] |
Summary of Preliminary Purchase Price Allocation | The following table summarizes the preliminary purchase price allocation for FieldWise at the acquisition date. The Company expects the purchase price allocation to be finalized by the end of fiscal 2024.
($ in thousands) |  | Total |
Cash and cash equivalents |  | $ | 1,779 |
Accounts receivable |  |  | 376 |
Inventories |  |  | 2,651 |
Property and equipment |  |  | 2,443 |
Deferred tax asset |  |  | 94 |
Intangible assets |  |  | 11,400 |
Goodwill |  |  | 15,589 |
Accounts payable and accrued liabilities |  |  | (252 | )
Deferred revenues |  |  | (1,229 | )
Non-current deferred revenues |  |  | (230 | )
Total purchase price |  |  | 32,621 |
Summary of Identifiable Intangible Assets at Fair Value | The following table summarizes the identifiable intangible assets at fair value.
($ in thousands) |  | Weighted average useful life in years |  |  | Fair value of identifiable asset |
Intangible assets: |  |  |  |  |  |
Customer relationships |  |  | 15.0 |  |  | $ | 8,700 |
Developed technology |  |  | 5.0 |  |  |  | 2,000 |
Tradenames |  | N/A |  |  |  | 700 |
Total intangible assets |  |  | 13.1 |  |  | $ | 11,400 |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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