ACQUISITION (Tables)

3 Months Ended

Nov. 30, 2020

Business Combinations [Abstract]

Allocation of purchase price

(in thousands)
Assets acquired, including cash of $3,799 and accounts receivable of $629	$	5,007
Developed technologies acquired		8,010
Estimated value of intangible assets acquired (customer lists, trade name etc.)		4,160
Estimated goodwill acquired		2,534
Liabilities assumed		(1,118	)
Total consideration	$	18,593

Schedule of Pro Forma Information

	For the three-month period ended
(in thousands)	November 30, (Unaudited)
	(Actual)		(Pro forma)
	2020		2019
Net sales	$	10,701	$	10,521
Net income	$	2,479	$	2,516