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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Aug. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Reimbursable Costs | The following table summarizes the amounts the Company paid, what was repaid by the Sky Ranch CAB and amounts still owed to the Company by the Sky Ranch CAB: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of August 31, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | Amounts payable to Pure
​ | ​ | ​ | ​ | ​ | Payments repaid by | ​ | Cycle by the Sky Ranch
​ |  | Costs incurred to date |  | Sky Ranch CAB |  | CAB
​ | ​ | (In thousands)
Phase 1 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Public improvements | ​ | $ | 27,199 | ​ | $ | 10,505 | ​ | $ | 16,694
Accrued interest | ​ |  | 2,926 | ​ |  | 400 | ​ |  | 2,526
Project management services | ​ |  | 1,570 | ​ |  | — | ​ |  | 1,570
Construction support activities | ​ |  | 951 | ​ |  | — | ​ |  | 951
Phase 1 reimbursable costs | ​ | $ | 32,646 | ​ | $ | 10,905 | ​ | $ | 21,741
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Phase 2 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Public improvements | ​ | $ | 2,935 | ​ | $ | — | ​ | $ | 2,935
Accrued interest | ​ | ​ | 33 | ​ | ​ | — | ​ | ​ | 33
Project management services | ​ | ​ | 85 | ​ | ​ | — | ​ | ​ | 85
Phase 2 reimbursable costs | ​ | $ | 3,053 | ​ | $ | — | ​ | $ | 3,053
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total reimbursable costs | ​ | $ | 35,699 | ​ | $ | 10,905 | ​ | $ | 24,794
​
Deferred Revenue and Changes in Deferred Revenue | As of August 31, 2021 and 2020, the Company’s deferred revenues along with the changes in the deferred revenues are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | August 31, 2021 |  | August 31, 2020
​ | ​ | (In thousands)
Land development segment | ​ | $ | 1,995 | ​ | $ | 1,635
Water and wastewater resource development segment | ​ |  | 410 | ​ |  | 1,965
Balance, end of period | ​ | $ | 2,405 | ​ | $ | 3,600
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | August 31, 2021 |  | August 31, 2020
​ | ​ | (In thousands) | ​ | (In thousands)
Balance, August 31, 2020 | ​ | $ | 3,600 | ​ | $ | 5,059
Deferral of revenue | ​ |  | 6,884 | ​ |  | 24,643
Recognition of unearned revenue | ​ | ​ | (8,079) | ​ | ​ | (26,102)
Balance, August 31, 2021 | ​ | $ | 2,405 | ​ | $ | 3,600
​ When recognized, the amounts reflected as unearned revenue will be recorded in lot sales, metered water usage from oil and gas operations, or Other income oil and gas lease income, net in the Consolidated Statements of Operations and Comprehensive Income.

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- Definition Tabular disclosure of reimbursable costs incurred to date, payments made outstanding reimbursable amounts. + References No definition available. + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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