Property And Equipment

3 Months Ended

Nov. 30, 2019

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Note 4. Property and Equipment

Property and equipment, net, consisted of the following (in thousands):



	November 30,		August 31,
	2019		2019
Machinery, equipment and vehicles	$	19,668	$	19,356
Buildings and improvements		27,902		17,391
Computer and office equipment		5,528		5,328
Software		10,365		10,189
Furniture and fixtures		2,596		2,039
Capital in progress		9,801		16,747
Land		4,335		3,444
Subtotal		80,195		74,494
Less: accumulated depreciation and amortization		(30,092)		(29,418)
Total	$	50,103	$	45,076

At August 31, 2019, capital in progress on the balance sheet included £9.0 million Pound Sterling ($10.9 million in U.S. Dollars as converted at exchange rates as of August 31, 2019) associated with capital costs related to the purchase of the Company’s new office building and related land in Milton Keynes, England. Upon completion of the buildout and relocation of employees based in the United Kingdom to this new office building in the first quarter of fiscal year 2020, the Company placed these assets into service and reclassified the amounts recorded in capital in progress to the respective fixed asset categories, which includes amounts attributable to the land. Since all assets associated with this new office building are denominated in Pound Sterling, amounts will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates.