INVESTMENTS

3 Months Ended

Nov. 30, 2020

Investments, All Other Investments [Abstract]

INVESTMENTS

NOTE 5: INVESTMENTS

The Company invests a portion of its excess cash balances in short-term debt securities. Investments at November 30, 2020 consisted of corporate bonds with maturities remaining of less than 12 months. The Company may also invest excess cash balances in certificates of deposit, money market accounts, government-sponsored enterprise securities, corporate bonds and/or commercial paper. The Company accounts for its investments in accordance with FASB ASC 320, Investments – Debt and Equity Securities. At November 30, 2020, all investments were classified as held-to-maturity securities.

The following tables summarize the Company’s short-term investments as of November 30, 2020 and August 31, 2020:

November 30, 2020
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Commercial notes (due within one year)	$	91,115	$	–	$	(48	)	$	91,067
Total	$	91,115	$	–	$	(48	)	$	91,067

August 31, 2020
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Commercial notes (due within one year)	$	66,804	$	–	$	(61	)	$	66,743
Total	$	66,804	$	–	$	(61	)	$	66,743