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Basis of Presentation (Tables)
 12 Months Ended
Aug. 31, 2019
Basis of Presentation [Abstract]  
Summary of impact of adoption of IFRS 9

  
As reported
as at August 31,
2018
  
Adjustments
  
As adjusted
as at September 1,
2018
 
          
Accounts receivable – Trade (note 6)
 
$
47,273
  
$
(303
)
 
$
46,970
 
Income taxes recoverable
 
$
4,790
  
$
50
  
$
4,840
 
Total assets
 
$
284,544
  
$
(253
)
 
$
284,291
 
             
Retained earnings
 
$
114,906
  
$
(253
)
 
$
114,653
 
Shareholders’ equity
 
$
177,921
  
$
(253
)
 
$
177,668
 

In addition, the company’s consolidated financial instruments are accounted for as follows under IFRS 9 as compared to the company’s previous accounting policy with IAS 39:

Financial assets
Classification – IAS 39
Classification – IFRS 9
   
Cash
Loans and receivables
Amortized cost
Short-term investments
Available for sale
Fair value through other comprehensive income
Accounts receivable
Loans and receivables
Amortized cost
Forward exchange contracts
Derivatives used for hedging
Fair value through other comprehensive income

Financial liabilities
  
   
Bank loan
Other financial liabilities
Amortized cost
Accounts payable and accrued liabilities
Other financial liabilities
Amortized cost
Other liabilities
Other financial liabilities
Amortized cost
Long-term debt
Other financial liabilities
Amortized cost
Forward exchange contracts
Derivatives used for hedging
Fair value through other comprehensive income
Estimated useful life
Depreciation is provided on a straight-line basis over the estimated useful lives of the asset as follows:

 
Term
Land improvements
15 years
Buildings
20 to 60 years
Equipment
3 to 15 years
Leasehold improvements
The lesser of useful life and remaining lease term