Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Nov. 30, 2021 |
Nov. 30, 2020 |
| Operating activities: |
|
|
| Net income (loss) |
$ 692
|
$ (4,651)
|
| Adjustments to reconcile net income (loss) to cash used in operating activities: |
|
|
| Depreciation of property and equipment |
704
|
787
|
| Amortization of capitalized software |
561
|
498
|
| Amortization of intangible assets |
3,973
|
4,087
|
| Amortization of deferred financing fees |
18
|
28
|
| Share-based compensation expense |
1,212
|
3,092
|
| Loss on change in fair value of contingent earnout liability |
67
|
3
|
| Payment of contingent earnout liability in excess of acquisition date fair value |
(1,650)
|
|
| Changes to allowance for credit losses |
817
|
14
|
| Deferred taxes |
1,288
|
(171)
|
| Changes in operating assets and liabilities |
|
|
| Accounts receivable |
(5,959)
|
1,280
|
| Unbilled revenue |
(3,115)
|
(1,730)
|
| Prepaid expenses and other current assets |
(2,428)
|
319
|
| Other assets |
604
|
(15)
|
| Accounts payable |
(909)
|
712
|
| Accrued liabilities |
(16,891)
|
(16,629)
|
| Deferred revenue |
(2,312)
|
(4,558)
|
| Operating leases |
(460)
|
(161)
|
| Cash settlement of vested phantom stock |
(175)
|
(6,677)
|
| Other long-term liabilities |
(640)
|
1,600
|
| Net cash used in operating activities |
(24,603)
|
(22,172)
|
| Investing activities: |
|
|
| Maturities of short-term investments |
95,967
|
|
| Capitalized internal-use software |
(366)
|
(536)
|
| Purchase of property and equipment |
(540)
|
(188)
|
| Net cash provided by (used) in investing activities |
95,061
|
(724)
|
| Financing activities: |
|
|
| Payment of deferred IPO costs |
|
(3,650)
|
| Purchase of treasury stock |
(141)
|
(57)
|
| Proceeds from stock option exercises |
132
|
|
| Payments of contingent earnout liability |
(3,879)
|
(1,923)
|
| Payment of deferred financing costs |
(488)
|
|
| Net cash used in financing activities |
(4,376)
|
(5,822)
|
| Net increase (decrease) in cash and cash equivalents |
66,082
|
(28,718)
|
| Cash and cash equivalents – beginning of period |
185,657
|
389,878
|
| Cash and cash equivalents – end of period |
251,739
|
361,160
|
| Supplemental disclosure of other cash flow information: |
|
|
| Cash paid for income taxes |
1,001
|
730
|
| Purchases of property and equipment recorded in accounts payable and accrued liabilities |
$ 161
|
|
| Fair value of contingent consideration |
|
5,529
|
| Class E Units |
|
|
| Financing activities: |
|
|
| Payment of deferred offering costs |
|
$ (192)
|