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REVENUE RECOGNITION AND REIMBURSABLE COSTS (Tables) | 6 Months Ended
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Feb. 28, 2021
REVENUE RECOGNITION AND REIMBURSABLE COSTS [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 February 28, 2021 |
|  | Costs incurred to date |  |  | Payments repaid by Sky Ranch CAB |  |  | Amounts payable to Pure Cycle by the Sky Ranch CAB |
|  | (In thousands) |
Phase 1 |  |  |  |  |  |  |  |  |
Public improvements |  | $ | 28,565 |  |  | $ | 10,505 |  |  | $ | 18,060 |
Accrued interest |  |  | 1,433 |  |  |  | 400 |  |  |  | 1,033 |
Project management services |  |  | 1,539 |  |  |  | — |  |  |  | 1,539 |
Construction support activities |  |  | 834 |  |  |  | — |  |  |  | 834 |
Phase 1 reimbursable costs |  | $ | 32,371 |  |  | $ | 10,905 |  |  | $ | 21,466 |
Phase 2 |  |  |  |  |  |  |  |  |  |  |  |
Public improvements |  | $ | 315 |  |  | $ | — |  |  | $ | 315 |
Phase 2 reimbursable costs |  | $ | 315 |  |  | $ | — |  |  | $ | 315 |
Deferred Revenue and Changes in Deferred Revenue | Deferred revenue by segment is as follows:
|  | February 28, 2021 |  |  | August 31, 2020 |
|  | (In thousands) |
Land development segment |  | $ | 995 |  |  | $ | 1,636 |
Water and wastewater resource development segment |  |  | 260 |  |  |  | 1,965 |
Balance, end of period |  | $ | 1,255 |  |  | $ | 3,601 |
Changes in deferred revenue were as follows:
|  | February 28, 2021 |
|  | (In thousands) |
Balance, August 31, 2020 |  | $ | 3,601 |
Deferral of revenue |  |  | 2,231 |
Recognition of unearned revenue |  |  | (4,577 | )
Balance, February 28, 2021 |  | $ | 1,255 |

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- Definition Tabular disclosure of reimbursable costs incurred to date, payments made by the Sky Ranch Community Authority Board (CAB), and amounts owed to the Company by the Sky Ranch CAB. + 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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