ACQUISITION (Tables)

6 Months Ended

Feb. 28, 2021

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

	(Unaudited)				(Unaudited)
	For the three months ended				For the six months ended
	(Actual)		(Pro forma)		(Actual)		(Pro forma)
	February 28, 2021		February 29, 2020		February 28, 2021		February 29, 2020
Net Sales	$	13,147	$	11,486	$	23,848	$	22,007
Net Income	$	3,211	$	2,777	$	5,690	$	5,293