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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2024
May 31, 2023
Cash flows from operating activities    
Net income $ 9,111 $ 9,427
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 3,459 2,803
Change in fair value of contingent consideration (270) 0
Amortization of investment discounts (1,085) (738)
Stock-based compensation 4,942 3,548
Deferred income taxes (1,366) (1,346)
Currency translation adjustments (125) 174
(Increase) decrease in    
Accounts receivable 57 3,573
Prepaid income taxes (398) 1,391
Prepaid expenses and other assets (1,498) (1,430)
Accounts payable 514 132
Other liabilities (22) 161
Accrued income taxes 0 793
Deferred revenue (1,663) 308
Net cash provided by operating activities 11,656 18,796
Cash flows from investing activities    
Purchases of property and equipment (550) (257)
Purchase of short-term investments (67,159) (71,835)
Proceeds from maturities of short-term investments 71,093 82,007
Proceeds from sales of investments 45,177 0
Purchased intangibles (508) (519)
Capitalized computer software development costs (2,520) (2,550)
Net cash provided by investing activities 45,533 6,846
Cash flows from financing activities    
Payment of dividends (3,594) (3,613)
Payments on contracts payable 2,500 0
Proceeds from the exercise of stock options 474 1,535
Repurchase and retirement of common shares 0 (20,000)
Net cash used in financing activities (5,620) (22,078)
Net increase in cash and cash equivalents 51,569 3,564
Cash and cash equivalents, beginning of year 57,523 51,567
Cash and cash equivalents, end of period 109,092 55,131
Supplemental disclosures of cash flow information    
Income taxes paid $ 4,214 $ 1,559