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Fair Value Measurements (Tables)
6 Months Ended
Feb. 28, 2025
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 February 28, 2025, February 29, 2024, and August 31, 2024. There were no transfers between any levels for the periods presented.

 

 

February 28, 2025

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

172,044

 

 

$

 

 

$

 

 

$

172,044

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

 

 

 

 

14,676

 

 

 

 

 

$

14,676

 

Derivative assets

 

 

 

 

 

5,195

 

 

 

 

 

$

5,195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 29, 2024

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

 

133,415

 

 

 

 

 

 

 

 

 

133,415

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

10,084

 

 

 

 

 

 

10,084

 

U.S. treasury securities

 

 

 

 

 

7,135

 

 

 

 

 

 

7,135

 

Derivative assets

 

 

 

 

 

1,840

 

 

 

 

 

 

1,840

 

Derivative liabilities

 

 

 

 

 

(391

)

 

 

 

 

 

(391

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 31, 2024

 

($ in thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash and cash equivalents

 

$

190,879

 

 

$

 

 

$

 

 

$

190,879

 

Derivative assets

 

 

 

 

 

603

 

 

 

 

 

 

603

 

Derivative liabilities

 

 

 

 

 

(777

)

 

 

 

 

 

(777

)