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Property and Equipment, Net
3 Months Ended
Nov. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
(6)
Property and Equipment, Net

Property and equipment, net as of November 30, 2022 and August 31, 2022 consisted of the following:

 

 

 

November 30,

 

 

August 31,

 

 

 

2022

 

 

2022

 

Leasehold improvements

 

$

10,296

 

 

$

10,280

 

Internal-use software

 

 

12,089

 

 

 

10,198

 

Computer equipment

 

 

5,377

 

 

 

6,951

 

Furniture and fixtures

 

 

2,019

 

 

 

2,018

 

Office equipment

 

 

761

 

 

 

768

 

Assets under construction

 

 

367

 

 

 

300

 

Total property and equipment

 

$

30,909

 

 

$

30,515

 

Less accumulated depreciation and amortization

 

 

(17,032

)

 

 

(16,439

)

Property and equipment, net

 

$

13,877

 

 

$

14,076

 

 

Depreciation expense related to property and equipment was $0.7 million and $0.7 million for the three months ended November 30, 2022 and 2021, respectively.

The Company has determined the useful life of capitalized internal-use software to be three years. Amortization expense related to internal-use software was $0.6 million and $0.6 million for the three months ended November 30, 2022 and 2021, respectively.