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Fair Value Of Financial Instruments
6 Months Ended
Feb. 28, 2022
Fair Value Of Financial Instruments [Abstract]  
Fair Value Of Financial Instruments NOTE 3 – FAIR VALUE OF FINANCIAL INSTRUMENTS At February 28, 2022, the carrying value of our financial instruments approximated their fair values. The fair values of our contingent consideration liabilities from previous business acquisitions are considered “Level 3” measurements because we use various estimates in the valuation models to project the timing and amount of future contingent payments. The fair value of the contingent consideration liability from the acquisition of Jhana Education (Jhana) changed as follows during the quarter and two quarters ended February 28, 2022 (in thousands): Balance at August 31, 2021 $ 2,095 Change in fair value 28 Payments (368)Balance at November 30, 2021 1,755 Change in fair value 20Payments (303)Balance at February 28, 2022 $ 1,472 At each quarterly reporting date, we estimate the fair value of our contingent liability from the acquisition of Jhana through the use of a Monte Carlo simulation. Based on the timing of expected payments, all of the Jhana contingent consideration liability was recorded in accrued liabilities at February 28, 2022. Adjustments to the fair value of our contingent consideration liabilities are included in selling, general, and administrative expense in the accompanying condensed consolidated statements of operations and comprehensive income (loss).