INVESTMENTS

12 Months Ended

Aug. 31, 2021

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

NOTE 5 – INVESTMENTS

The Company invests a portion of its excess cash balances in short-term debt securities. Investments at August 31, 2021, consisted of corporate bonds with maturities remaining of less than 12 months. The Company may also invest excess cash balances in certificates of deposits, 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. As of August 31, 2021, all investments were classified as held-to-maturity securities.

The following tables summarize the Company’s short-term investments as of August 31, 2021, and 2020:

	August 31, 2021
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Commercial notes (due within one year)	$	86,620	$	–	$	(136	)	$	86,484
Total	$	86,620	$	–	$	(136	)	$	86,484

	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