v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2021
May 31, 2020
Cash flows from operating activities:    
Net income $ 18,276 $ 6,064
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and depletion 1,310 1,254
Share-based compensation expense 404 435
Deferred income taxes 623 710
Interest added to receivable from related parties (34) (34)
Proceeds from CAB reimbursement applied to land development inventories 0 4,230
Changes in operating assets and liabilities:    
Trade accounts receivable (810) 454
Prepaid expenses (13) (47)
Land development inventories (131) 2,576
Taxes receivable   (40)
Recognition of public improvement reimbursables, including interest (21,316)  
Taxes payable net of taxes receivable 5,283  
Accounts payable and accrued liabilities (562) (383)
Deferred revenues (2,778) (61)
Other assets and liabilities (59) 46
Net cash provided by operating activities 193 15,204
Cash flows from investing activities:    
Investments in water, water systems and land (2,152) (7,302)
Purchase of property and equipment (101) (526)
Sale and maturities of short-term investments 0 6,905
Purchase of short-term investments 0 (1,720)
Net cash used by investing activities (2,253) (2,643)
Cash flows from financing activities:    
Proceeds from exercise of options 62 40
Payments to contingent liability holders (3) (4)
Net cash provided by financing activities 59 36
Net change in cash, cash equivalents and restricted cash (2,001) 12,597
Cash, cash equivalents and restricted cash - beginning of period 21,797 4,478
Cash, cash equivalents and restricted cash - end of period 19,796 17,075
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 19,514 17,075
Restricted cash 282  
Total cash, cash equivalents and restricted cash 19,796 17,075
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION AND NON-CASH ACTIVITIES    
Transfer of land development costs to other assets 484  
Transfer of land development costs to inventory 467  
Changes in Land development inventories included in accounts payable and accrued liabilities 613 912
Changes in Investments in water, water systems and land included in accounts payable and accrued liabilities 298 (898)
Income taxes paid $ 0 $ 1,305

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