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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Cash flows from operating activities    
Net income $ 3,026 $ 2,479
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 845 865
Change in value of contingent consideration 121 121
Amortization of investment premiums 610 630
Stock-based compensation 722 532
Deferred income taxes 387 47
Currency translation adjustments (237) 0
Increase (decrease) in    
Accounts receivable (1,972) 91
Revenue in excess of billings 1,667 256
Prepaid income taxes 428 410
Prepaid expenses and other assets 21 (141)
Accounts payable (368) (15)
Accrued payroll and other expenses (1,637) 49
Billings in excess of revenue (65) 65
Deferred revenue 34 (56)
Net cash provided by operating activities 3,582 5,333
Cash flows provided by (used in) investing activities    
Purchases of property and equipment (561) (205)
Purchases of short-term investments (12,717) (30,959)
Proceeds from sale of short-term investments 16,067 6,018
Capitalized computer software development costs (838) (728)
Net cash provided by (used in) investing activities 1,951 (25,874)
Cash flows used in financing activities    
Payment of dividends (1,209) (1,195)
Proceeds from the exercise of stock options 372 180
Net cash used in financing activities (837) (1,015)
Net increase (decrease) in cash and cash equivalents 4,696 (21,556)
Cash and cash equivalents, beginning of year 36,984 49,207
Cash and cash equivalents, end of period 41,680 27,651
Supplemental disclosures of cash flow information    
Income taxes paid $ 23 $ 57