INVESTMENTS

3 Months Ended

Nov. 30, 2021

Investments, All Other Investments [Abstract]

INVESTMENTS

NOTE 5: INVESTMENTS

We invest a portion of our excess cash balances in short-term debt securities within the parameters of our Investment Policy and Guidelines. Investments as of November 30, 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. As of November 30, 2021, all investments were classified as held-to-maturity securities. 

The following tables summarize our short-term investments as of November 30, 2021 and August 31, 2021:

November 30, 2021

(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Commercial notes (due within one year)	$	82,660	$	–	$	(296	)	$	82,364
Total	$	82,660	$	–	$	(296	)	$	82,364

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