Investments in Unconsolidated Entities

3 Months Ended

Nov. 30, 2017

Investments In Unconsolidated Entities Disclosure [Abstract]

4. Investments in Unconsolidated Entities

The Company’s ownership interest and carrying amounts of investments in unconsolidated entities as of November 30, 2017 and August 31, 2017 consisted of the following (in thousands, except percentages):

	November 30, 2017					August 31, 2017
	Percentage					Percentage
	Ownership			Amount		Ownership			Amount
Equity method investments:
Xurui Guangdian Co., Ltd. (“China SemiLEDs”)		49	%		—		49	%		—
Cost method investments	Various				998	Various				992
Total investments in unconsolidated entities				$	998				$	992

There were no dividends received from unconsolidated entities through November 30, 2017.

Equity Method Investments

The Company owns a 49% equity interest in China SemiLEDs. However, this investment has a carrying amount of zero as a result of a previously recognized impairment.

Cost Method Investments

The fair values of the Company’s cost method investments are not readily available. All cost method investments are assessed for impairment when events or changes in circumstances indicate that the carrying amounts may not be recoverable. The Company recognized an other-than-temporary impairment loss of $352 thousand on our cost method investments in Intematix for the year ended August 31, 2017 based on the excess of the carrying amount over the estimated recoverable value. The recoverable value of the investment was determined based on the Company’s best estimate of the amount that could be realized from the investment, which considered the latest financial information.