| 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, 2026 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at February 28, 2026 |
|
$ |
- |
|
$ |
2,815 |
|
$ |
2,815 |
Revenue recognized |
|
|
(11) |
|
|
(3,564) |
|
|
(3,575) |
Revenue deferred |
|
|
13 |
|
|
3,500 |
|
|
3,513 |
Balance at May 31, 2026 |
|
$ |
2 |
|
$ |
2,751 |
|
$ |
2,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2025 |
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2026 |
(In thousands) |
|
Water and Wastewater Resource Development |
|
Land Development |
|
Total |
Balance at August 31, 2025 |
|
$ |
— |
|
$ |
3,355 |
|
$ |
3,355 |
Revenue recognized |
|
|
(34) |
|
|
(11,021) |
|
|
(11,055) |
Revenue deferred |
|
|
36 |
|
|
10,417 |
|
|
10,453 |
Balance at May 31, 2026 |
|
$ |
2 |
|
$ |
2,751 |
|
$ |
2,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|