XML 21 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Cash flows from operating activities      
Net income $ 9,961 $ 12,483 $ 9,782
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 3,840 3,574 3,590
Change in fair value of contingent consideration 680 283 486
Amortization of investment (discounts) premiums (1,134) 1,678 2,350
Stock-based compensation 4,828 3,037 2,750
Deferred income taxes (2,095) (270) (628)
Loss (gain) from disposal of assets 6 0 0
Impairment of other intangibles 500 0 0
Currency translation adjustments 167 (265) (101)
Increase (Decrease) in Other Operating Assets and Liabilities, Net [Abstract]      
Accounts receivable 4,097 (3,936) (2,429)
Prepaid income taxes 587 (379) (42)
Prepaid expenses and other assets (501) 1,081 (157)
Accounts payable (81) (162) 39
Other liabilities 832 (1,437) 3,353
Accrued income taxes (7) 0 0
Deferred revenue 176 2,213 210
Net cash provided by operating activities 21,856 17,900 19,203
Cash flows from investing activities      
Purchases of property and equipment (453) (819) (1,627)
Purchase of short-term investments (95,045) (100,846) (122,395)
Proceeds from maturities of short-term investments 114,907 109,121 100,229
Purchased intangibles (601) 0 0
Acquisition of Immunetrics, net of cash acquired (8,223) 0 0
Capitalized computer software development costs (3,219) (3,151) (2,949)
Net cash provided by (used in) investing activities 7,366 4,305 (26,742)
Cash flows from financing activities      
Payment of dividends (4,809) (4,846) (4,811)
Payments on contracts payable 0 (3,667) (1,334)
Proceeds from the exercise of stock options 1,543 891 1,461
Repurchase and retirement of common shares (20,000) 0 0
Net cash used in financing activities (23,266) (7,622) (4,684)
Net increase (decrease) in cash and cash equivalents 5,956 14,583 (12,223)
Cash and cash equivalents, beginning of year 51,567 36,984 49,207
Cash and cash equivalents, end of period 57,523 51,567 36,984
Supplemental disclosures of cash flow information      
Income taxes paid 3,204 3,233 1,857
Non-Cash Investing and Financing Activities      
Stock issued for acquisition of Lixoft 0 1,166 666
Creation of contract liabilities from acquisition of subsidiaries 5,900 0 0
Right of use assets capitalized $ 227 $ 624 $ 905