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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Feb. 29, 2020
Feb. 23, 2019
Document Period End Date Feb. 29, 2020  
Operating activities    
Net income $ 5,864,000 $ 27,979,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,119,000 3,825,000
Amortization of deferred financing costs and debt discount 1,569,000 668,000
Stock compensation expense 3,795,000 2,478,000
Loss on fair value change of contingent consideration - TRA liability 0 533,000
Gain on settlement of TRA liability 0 (1,534,000)
Unrealized (gain) loss on foreign currency transactions 178,000 268,000
Deferred income taxes 2,485,000 8,463,000
Loss on disposal of property and equipment 0 6,000
Amortization of operating lease right-of-use asset 1,652,000 0
Other Operating Activities, Cash Flow Statement 789,000 0
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (19,062,000) (8,774,000)
Inventories 768,000 (15,855,000)
Prepaid expenses (873,000) (384,000)
Other current assets (5,808,000) (2,092,000)
Accounts payable (2,953,000) 6,143,000
Accrued interest 175,000 1,949,000
Accrued expenses and other current liabilities (8,760,000) (1,810,000)
Other assets and liabilities (1,824,000) (32,000)
Net cash (used in) provided by operating activities (14,886,000) 21,831,000
Investing activities    
Purchases of property and equipment (481,000) (887,000)
Increase (Decrease) in Notes Receivables (1,250,000) 0
Acquisition of business, net of cash acquired (984,201,000) 0
Net cash (used in) investing activities (985,932,000) (887,000)
Financing activities    
Proceeds from option exercises 931,000 361,000
Issuance of common stock (80,000) (5,000)
Payments of finance lease obligations (157,000) 0
Cash received from warrant exercises 0 113,464,000
Repurchase of common stock 0 (127,000)
Payment of TRA liability 0 26,468,000
Payments of Financing Costs (8,208,000) 0
Principal payments of long-term debt (21,000,000) (1,000,000)
Proceeds from Issuance of Common Stock 352,542,000 0
Payments of Stock Issuance Costs (3,323,000) 0
Proceeds from Issuance of Long-term Debt 460,000,000 0
Net cash provided by financing activities 780,705,000 86,225,000
Cash and cash equivalents    
Net (decrease) increase in cash (220,113,000) 107,169,000
Effect of exchange rate on cash (113,000) (243,000)
Cash at beginning of period 266,341,000 111,971,000
Cash and cash equivalents at end of period 46,115,000 218,897,000
Supplemental disclosures of cash flow information    
Cash paid for interest 13,814,000 3,988,000
Cash paid for taxes 4,345,000 420,000
Operating lease right-of-use assets recognized at ASU 2016-02 transition 5,102,000 0
Finance lease right-of-use assets recognized at ASU 2016-02 transition 1,185,000 0
Operating lease right-of-use assets recognized after ASU 2016-02 transition $ 2,733,000 $ 0