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Property and Equipment, Net
9 Months Ended
May 31, 2022
Property Plant And Equipment [Abstract]  
Property and Equipment, Net
(6)
Property and Equipment, Net

Property and equipment, net as of May 31, 2022 and August 31, 2021 consisted of the following:

 

 

 

May 31,

 

 

August 31,

 

 

 

2022

 

 

2021

 

Leasehold improvements

 

$

10,323

 

 

$

10,572

 

Internal-use software

 

 

9,636

 

 

 

8,230

 

Computer equipment

 

 

5,179

 

 

 

4,849

 

Furniture and fixtures

 

 

1,818

 

 

 

2,304

 

Office equipment

 

 

370

 

 

 

496

 

Assets under construction

 

 

111

 

 

 

111

 

Total property and equipment

 

$

27,437

 

 

$

26,562

 

Less accumulated depreciation and amortization

 

 

(14,697

)

 

 

(12,257

)

Property and equipment, net

 

$

12,740

 

 

$

14,305

 

 

Depreciation expense related to property and equipment was $0.6 million and $0.8 million for the three months ended May 31, 2022 and 2021, respectively and $2.0 million and $2.4 million for the nine months ended May 31, 2022 and 2021, respectively.

The Company has determined the useful life of capitalized internal-use software to be three years. Amortization expense related to internal-use software was $0.6 million and $0.5 million for the three months ended May 31, 2022 and 2021, respectively and $1.7 million and $1.5 million for the nine months ended May 31, 2022 and 2021, respectively.