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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
May 31, 2024
May 31, 2023
Operating activities:    
Net income $ 8,461 $ 15,130
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,247 1,052
Credit loss expense 359 201
Deferred tax provision 51  
Net unrealized loss (gain) on trading securities 357 (784)
Impairment on termination of lease 3,906  
Changes in current assets and liabilities:    
Trade accounts receivable (7,764) 3,913
Inventory (11,139) (7,656)
Prepaid expenses and other assets 98 1,151
Operating lease right-of-use assets 5,490 (1)
Trade accounts payable 8,043 (1,885)
Accrued expenses and other current liabilities 785 (2,397)
Operating lease liabilities (5,501) 10
Net cash provided by operating activities 4,393 8,734
Investing activities:    
Purchase of property, equipment, and leasehold improvements (32,527) (646)
Net sales (purchases) of marketable securities, trading 17,466 (23,738)
Net cash used in investing activities (15,061) (24,384)
Financing activities:    
Repayments on long-term debt (94) (87)
Preferred stock dividend (57) (57)
Net change in bank overdraft 3,066 (109)
Net cash provided by (used in) financing activities 2,915 (253)
Effect of foreign currency exchange rate changes on cash and cash equivalents (68) (135)
Net decrease in cash, cash equivalents, and restricted cash (7,821) (16,038)
Cash, cash equivalents, and restricted cash - beginning of period 8,568 17,396
Cash, cash equivalents, and restricted cash - end of period 747 1,358
Supplemental disclosures of cash flow information:    
Cash paid for interest 145 152
Cash paid for income taxes $ 8,276 $ 7,217