INVESTMENTS

6 Months Ended

Feb. 28, 2021

Investments, All Other Investments [Abstract]

INVESTMENTS

NOTE 5: INVESTMENTS

We invest a portion of our excess cash balances in short-term debt securities. Investments at February 28, 2021 consisted of corporate bonds with maturities remaining of less than 12 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. At February 28, 2021, all investments were classified as held-to-maturity securities.

The following tables summarize our short-term investments as of February 28, 2021 and August 31, 2020:

February 28, 2021
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Commercial notes (due within one year)	$	75,367	$	–	$	(65	)	$	75,302
Total	$	75,367	$	–	$	(65	)	$	75,302

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