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Fair Value Measurements (Tables)
12 Months Ended
Aug. 31, 2024
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 August 31, 2024 and 2023, respectively:

 

 

 

August 31, 2024

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

190,879

 

 

$

 

 

$

 

 

$

190,879

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

     Corporate bonds

 

 

 

 

 

 

 

 

 

 

 

 

     U.S. treasury securities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative asset

 

 

 

 

 

603

 

 

 

 

 

 

603

 

Derivative liability

 

 

 

 

 

(777

)

 

 

 

 

 

(777

)

 

 

August 31, 2023

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

160,755

 

 

$

 

 

$

 

 

$

160,755

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

     Corporate bonds

 

 

 

 

 

4,095

 

 

 

 

 

 

4,095

 

     U.S. treasury securities

 

 

 

 

 

1,461

 

 

 

 

 

 

1,461

 

Derivative asset

 

 

 

 

 

1,672

 

 

 

 

 

 

1,672

 

Derivative liability

 

 

 

 

 

(457

)

 

 

 

 

 

(457

)