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Fair Value Measurements (Tables)
3 Months Ended
Nov. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value

The following table presents the Company’s financial assets and liabilities measured at fair value, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of November 30, 2022, November 30, 2021, and August 31, 2022. There were no transfers between any levels for the periods presented.

 

 

 

November 30, 2022

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

99,168

 

 

$

 

 

$

 

 

$

99,168

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

9,646

 

 

 

 

 

 

9,646

 

U.S. treasury securities

 

 

 

 

 

1,778

 

 

 

 

 

 

1,778

 

Derivative asset

 

 

 

 

 

3,455

 

 

 

 

 

 

3,455

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

November 30, 2021

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

84,719

 

 

$

 

 

$

 

 

$

84,719

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

26,503

 

 

 

 

 

 

26,503

 

U.S. treasury securities

 

 

 

 

 

3,692

 

 

 

 

 

 

3,692

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 31, 2022

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

105,048

 

 

$

 

 

$

 

 

$

105,048

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

9,668

 

 

 

 

 

 

9,668

 

U.S. treasury securities

 

 

 

 

 

1,792

 

 

 

 

 

 

1,792

 

Derivative Asset

 

 

 

 

 

5,505

 

 

 

 

 

 

5,505