| Deferred Revenue and Changes in Deferred Revenue |
Changes and balances of the Company’s deferred revenue accounts by segment are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2025 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at February 28, 2025 |
|
$ |
- |
|
$ |
2,048 |
|
$ |
2,048 |
Revenue recognized |
|
|
(11) |
|
|
(3,540) |
|
|
(3,551) |
Revenue deferred |
|
|
13 |
|
|
2,476 |
|
|
2,489 |
Balance at May 31, 2025 |
|
$ |
2 |
|
$ |
984 |
|
$ |
986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2024 |
|
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at February 29, 2024 |
|
$ |
31 |
|
$ |
2,605 |
|
$ |
2,636 |
Revenue recognized |
|
|
(18) |
|
|
(4,881) |
|
|
(4,899) |
Revenue deferred |
|
|
- |
|
|
3,824 |
|
|
3,824 |
Balance at May 31, 2024 |
|
$ |
13 |
|
$ |
1,548 |
|
$ |
1,561 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2025 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at August 31, 2024 |
|
$ |
- |
|
$ |
2,173 |
|
$ |
2,173 |
Revenue recognized |
|
|
(11) |
|
|
(6,027) |
|
|
(6,038) |
Revenue deferred |
|
|
13 |
|
|
4,838 |
|
|
4,851 |
Balance at May 31, 2025 |
|
$ |
2 |
|
$ |
984 |
|
$ |
986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2024 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at August 31, 2023 |
|
$ |
69 |
|
$ |
1,661 |
|
$ |
1,730 |
Revenue recognized |
|
|
(164) |
|
|
(8,058) |
|
|
(8,222) |
Revenue deferred |
|
|
108 |
|
|
7,945 |
|
|
8,053 |
Balance at May 31, 2024 |
|
$ |
13 |
|
$ |
1,548 |
|
$ |
1,561 |
|