Note 4. Cash and Cash Equivalents

12 Months Ended

Aug. 31, 2012

Cash and Cash Equivalents Disclosure [Text Block]

4. CASH AND CASH EQUIVALENTS

Cash and cash equivalents consist of demand deposits and corporate money market funds with maturities of three months or less at the date of acquisition and are reported at fair value.

The following table summarizes the Company’s cash and cash equivalents at August 31, 2012 (in thousands):

	Amortized Cost		Gross Unrealized Gain		Fair Value
Cash on hand	$	28,875	$	-	$	28,875
Corporate money market funds		160,169		-		160,169
Total cash and cash equivalents	$	189,044	$	-	$	189,044

The following table summarizes the Company’s cash and cash equivalents at August 31, 2011 (in thousands):

	Amortized Cost		Gross Unrealized Gain		Fair Value
Cash on hand	$	20,517	$	-	$	20,517
Corporate money market funds		161,168		-		161,168
Total cash and cash equivalents	$	181,685	$	-	$	181,685

Investments - during the first quarter of fiscal 2012, the Company purchased $15.0 million of certificates of deposit with maturity dates ranging from nine months to twelve months from purchase date. These certificates of deposit are held for investment and are not debt securities. During fiscal 2012, interest income from the certificates of deposit was $1.1 million. The value of the certificates of deposit at August 31, 2012 was $13.9 million and reported as investments (short-term) in the Company’s consolidated balance sheet. The impact of foreign currency reduced the value by $2.2 million as these certificates of deposit are held in Indian Rupees. The Company’s cash, cash equivalents and investments portfolio did not experience any realized or unrealized losses as a result of counterparty credit risk or ratings change during fiscal 2012 and 2011. The Company did not hold any investments at August 31, 2011.