v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Cash flows from operating activities:    
Net income $ 3,207 $ 18,197
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and depletion 888 879
Share-based compensation expense 371 313
Deferred income taxes (205) 71
Deferred water sales revenue 29 (2,346)
Land under development (472) 108
Trade accounts receivable (506) (261)
Prepaid expenses (596) 72
Deferred lot sale revenues (792)  
Accounts payable and accrued liabilities (3,341) (1,432)
Taxes payable net of taxes receivable (4,076) 5,855
Other assets and liabilities 2 (56)
Recognition of public improvement reimbursables   (21,466)
Net cash used by operating activities (13,685) (87)
Cash flows from investing activities:    
Net payments received on note receivable - related party, other 304  
Investments in land held for development (1,948)  
Investments in water and water systems (463) (880)
Construction costs of single-family rentals (142)  
Purchase of property and equipment   (79)
Net cash used by investing activities (2,249) (959)
Cash flows from financing activities:    
Proceeds from notes payable 1,000  
Proceeds from option exercises 34 14
Payments to contingent liability holders (1) (2)
Net cash provided by financing activities 1,033 12
Net change in cash, cash equivalents and restricted cash (14,901) (1,034)
Cash, cash equivalents and restricted cash - beginning of period 22,444 21,797
Cash, cash equivalents and restricted cash - end of period 7,543 20,763
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 5,215 20,482
Restricted cash 2,328 281
Total cash, cash equivalents and restricted cash 7,543 20,763
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION AND NON-CASH ACTIVITIES    
Income taxes paid 5,260  
Change in reimbursable public improvements included in accounts payable and accrued liabilities 668  
Transfer of land development costs to other assets   484
Transfer of land development costs to land under development   467
Change in land under development included in accounts payable and accrued liabilities   374
Change in investments in water and water systems included in accounts payable and accrued liabilities   90
Rangeview District [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Change in note receivable from related party (25)  
Sky Ranch CAB [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Change in note receivable from related party (8,169) $ (21)
Charter School Operator [Member]    
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION AND NON-CASH ACTIVITIES    
Sale of undeveloped land to charter school operator included with other income, net $ 1,600  

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