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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
Operating activities:    
Net loss $ (5,951) $ (11,372)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation of property and equipment 1,987 2,377
Amortization of capitalized software 1,684 1,506
Amortization of intangible assets 11,857 12,262
Amortization of deferred financing fees 93 85
Share-based compensation expense 6,729 9,305
Change in fair value of contingent earnout liability 67 (291)
Payment of contingent earnout liability in excess of acquisition date fair value (1,650)  
Changes to allowance for credit losses 2,243 664
Deferred taxes 932 (676)
Other non-cash items   (37)
Changes in operating assets and liabilities    
Accounts receivable 281 (8,693)
Unbilled revenue (4,471) (3,459)
Prepaid expenses and other current assets 1,237 262
Other assets (48) (376)
Accounts payable (1,006) 895
Accrued liabilities (9,910) (6,402)
Deferred revenue (5,150) (2,029)
Operating leases (1,444) (1,328)
Cash settlement of vested phantom stock (1,011) (9,075)
Other long-term liabilities (2,089) 164
Net cash used in operating activities (5,620) (16,218)
Investing activities:    
Purchase of short-term investments (223,342) (287,912)
Maturities of short-term investments 191,917 32,000
Capitalized internal-use software (1,282) (864)
Purchase of property and equipment (841) (834)
Net cash used in investing activities (33,548) (257,610)
Financing activities:    
Proceeds from follow-on offering, net of issuance costs   3,452
Payment of deferred IPO costs   (3,650)
Purchase of treasury stock (346) (57)
Proceeds from stock option exercises 132 1,957
Payments of contingent earnout liability (3,879) (1,923)
Payment of deferred financing costs (713)  
Net cash used in financing activities (4,806) (413)
Net decrease in cash and cash equivalents (43,974) (274,241)
Cash and cash equivalents - beginning of period 185,657 389,878
Cash and cash equivalents - end of period 141,683 115,637
Supplemental disclosure of other cash flow information:    
Cash paid for income taxes 1,455 2,373
Purchases of property and equipment recorded in accounts payable and accrued liabilities   306
Cash payments of contingent earnout liability $ 5,529 1,923
Class E Units    
Financing activities:    
Payment of deferred offering costs   $ (192)