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INVESTMENTS
 9 Months Ended
May 31, 2022
Investments, All Other Investments [Abstract]  
INVESTMENTS INVESTMENTSWe invest a portion of our excess cash balances in short-term debt securities within the parameters of our Investment Policy and Guidelines. Investments as of May 31, 2022, consisted of corporate bonds and term deposits with maturities remaining of less than twelve months. We may also invest excess cash balances in certificates of deposit, money market accounts, government-sponsored enterprise securities, corporate bonds, and/or commercial paper. We account for investments in accordance with FASB ASC 320, Investments – Debt and Equity Securities. As of May 31, 2022, all investments were classified as held-to-maturity securities.
The following tables summarize our short-term investments as of May 31, 2022 and August 31, 2021:
May 31, 2022
(in thousands)Amortized CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Commercial notes (due within one year)$75,620 $— $(319)$75,301 
Term deposits (due within one year)$4,500 $— $— $4,500 
Total$80,120 $— $(319)$79,801 
August 31, 2021
(in thousands)Amortized CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Commercial notes (due within one year)$86,620 $— $(136)$86,484 
Total$86,620 $— $(136)$86,484