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Income Taxes
 3 Months Ended
Nov. 30, 2020
Income Tax Disclosure [Abstract]  
Income Taxes

10. Income Taxes

The Company’s loss before income taxes for the three months ended November 30, 2020 and 2019 consisted of the following (in thousands):

 

 

 

Three Months Ended November 30,

 

 

 

2020

 

 

2019

 

U.S. operations

 

$

(137

)

 

$

(197

)

Foreign operations

 

 

(570

)

 

 

(125

)

Loss before income taxes

 

$

(707

)

 

$

(322

)

 

Unrecognized Tax Benefits

On December 22, 2017, the U.S. Tax Cuts and Jobs Act was adopted, which among other effects, reduced the U.S. federal corporate income tax rate to 21% from 34% (or 35% in certain cases) beginning in 2018, requires companies to pay a one-time transition tax on certain unrepatriated earnings from non-U.S. subsidiaries that is payable over eight years, makes the receipt of future non-U.S. sourced income of non-U.S. subsidiaries tax-free to U.S. companies and creates a new minimum tax on the earnings of non-U.S. subsidiaries relating to the parent’s deductions for payments to the subsidiaries. Provisional estimate of the Company is that no tax will be due under this provision.

As of both November 30, 2020 and August 31, 2020, the Company had no unrecognized tax benefits related to tax positions taken in prior periods. The Company files income tax returns in the United States, various U.S. states and certain foreign jurisdictions. The tax years 2016 through 2019 remain open in most jurisdictions. With few exceptions, as of November 30, 2020, the Company is no longer subject to U.S. federal, state, local, or foreign examinations by tax authorities for tax years before 2015. The Company is not currently under examination by income tax authorities in federal, state or foreign jurisdictions.