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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Cash flows from operating activities    
Net income $ 7,435 $ 5,690
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,840 1,776
Change in value of contingent consideration 243 243
Amortization of investment premiums 1,122 1,276
Stock-based compensation 1,513 1,336
Deferred income taxes 424 6
Currency translation adjustments (275) (4)
Increase (decrease) in    
Accounts receivable (5,188) (3,884)
Prepaid income taxes 563 (280)
Prepaid expenses and other assets 1,274 (556)
Accounts payable 22 51
Accrued payroll and other expenses (3,384) 640
Deferred revenue 590 340
Net cash provided by operating activities 6,179 6,634
Cash flows provided by (used in) investing activities    
Purchases of property and equipment (710) (583)
Purchases of short-term investments (25,504) (40,789)
Proceeds from sale of short-term investments 46,810 30,950
Capitalized computer software development costs (1,507) (1,474)
Net cash provided by (used in) investing activities 19,089 (11,896)
Cash flows used in financing activities    
Payment of dividends (2,420) (2,396)
Proceeds from the exercise of stock options 541 836
Net cash used in financing activities (1,879) (1,560)
Net increase (decrease) in cash and cash equivalents 23,389 (6,822)
Cash and cash equivalents, beginning of year 36,984 49,207
Cash and cash equivalents, end of period 60,373 42,385
Supplemental disclosures of cash flow information    
Income taxes paid 921 878
Non-cash investing and financing activities    
Right of use assets capitalized $ 624 $ 905