Fair Value Measurements (Tables)

9 Months Ended

May 31, 2021

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 May 31, 2021, May 31, 2020, and August 31, 2020. There were no transfers between any levels for the periods presented.

	May 31, 2021
($ in thousands)	Level 1		Level 2			Level 3			Total
Cash and cash equivalents	$	120,801	$	—		$	—		$	120,801
Marketable securities:
Corporate bonds		—		15,114			—			15,114
U.S. treasury securities		—		4,549			—			4,549
Earn-out liability		—		—			(1,098	)		(1,098	)
	May 31, 2020
($ in thousands)	Level 1		Level 2			Level 3			Total
Cash and cash equivalents	$	102,474	$	—		$	—		$	102,474
Marketable securities:
Corporate bonds		—		14,554			—			14,554
U.S. treasury securities		—		4,458			—			4,458
Derivative assets		—		909			—			909
Derivative liabilities		—		(528	)		—			(528	)
Earn-out liability		—		—			(1,195	)		(1,195	)
	August 31, 2020
($ in thousands)	Level 1		Level 2			Level 3			Total
Cash and cash equivalents	$	121,403	$	—		$	—		$	121,403
Marketable securities:
Corporate bonds		—		14,426			—			14,426
U.S. treasury securities		—		5,085			—			5,085
Derivative assets		—		21			—			21
Earn-out liability		—		—			(1,112	)		(1,112	)