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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Cash flows from operating activities    
Net income $ 2,479 $ 2,058
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 865 671
Change in value of contingent consideration 121 (0)
Amortization of note premiums 630 0
Stock-based compensation 532 367
Deferred income taxes 47 (28)
Increase (decrease) in    
Accounts receivable 91 (1,327)
Revenues in excess of billings 256 (247)
Prepaid income taxes 410 678
Prepaid expenses and other assets (141) 143
Accounts payable (15) 381
Accrued payroll and other expenses 49 (44)
Billings in excess of revenues 65 91
Deferred revenue (56) (109)
Net cash provided by operating activities 5,333 2,634
Cash flows used in investing activities    
Purchases of property and equipment (205) (32)
Purchases of short-term investments (30,959) 0
Proceeds from sale of short-term investments 6,018 0
Capitalized computer software development costs (728) (507)
Net cash used in investing activities (25,874) (539)
Cash flows used in financing activities    
Payment of dividends (1,195) (1,056)
Proceeds from the exercise of stock options 180 136
Net cash used in financing activities (1,015) (920)
Net increase (decrease) in cash and cash equivalents (21,556) 1,175
Cash and cash equivalents, beginning of year 49,207 11,435
Cash and cash equivalents, end of period 27,651 12,610
Supplemental disclosures of cash flow information    
Income taxes paid 57 25
Non-Cash Investing and Financing Activities    
Right of use assets capitalized $ 0 $ 903