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Fair Value Of Financial Instruments
3 Months Ended
Nov. 30, 2021
Fair Value Of Financial Instruments [Abstract]  
Fair Value Of Financial Instruments NOTE 3 – FAIR VALUE OF FINANCIAL INSTRUMENTS At November 30, 2021, the carrying value of our financial instruments approximated their fair values. The fair values of our contingent consideration liabilities from previous business acquisitions are considered “Level 3” measurements because we use various estimates in the valuation models to project the timing and amount of future contingent payments. The fair value of the contingent consideration liability from the acquisition of Jhana Education (Jhana) changed as follows during the quarter ended November 30, 2021 (in thousands): Balance at August 31, 2021 $ 2,095 Change in fair value 28Payments (368)Balance at November 30, 2021 $ 1,755 At each quarterly reporting date, we estimate the fair value of our contingent liability from the acquisition of Jhana through the use of a Monte Carlo simulation. Based on the timing of expected payments, $1.4 million of the Jhana contingent consideration liability was recorded in accrued liabilities at November 30, 2021. The remaining $0.4 million of the Jhana contingent consideration liability is reported in other long-term liabilities. Adjustments to the fair value of our contingent consideration liabilities are included in selling, general, and administrative expense in the accompanying condensed consolidated statements of operations and comprehensive income (loss).