Acquisitions (Tables)

9 Months Ended

May 31, 2024

Business Combinations [Abstract]

Summary of Final Purchase Price Allocation

The following table summarizes the final purchase price allocation for the acquisition of FieldWise.

($ in thousands)	Total
Cash and cash equivalents	$	1,779
Accounts receivable		376
Inventories		2,651
Property and equipment		2,443
Deferred tax asset		94
Intangible assets		11,400
Goodwill		16,593
Accounts payable and accrued liabilities		(228	)
Deferred revenues		(2,132	)
Non-current deferred revenues		(235	)
Total purchase price	$	32,741

Summary of Identifiable Intangible Assets at Fair Value

The following table summarizes the identifiable intangible assets at fair value as of the acquisition date.

($ in thousands)	Weighted average useful life in years		Fair value of identifiable asset
Intangible assets:
Customer relationships		15.0	$	8,700
Developed technology		5.0		2,000
Tradenames	N/A			700
Total intangible assets		13.1	$	11,400