Pure Cycle Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- PRESENTATION OF INTERIM INFORMATION (Policies)
Notes Tables
Notes Details

INCOME TAXES (Details)

v3.21.1

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020	Aug. 31, 2021	Aug. 31, 2020
Income Taxes [Abstract]
Effective income tax rate	24.70%	22.30%	24.70%	24.60%
Income Tax Expense (Benefit) [Abstract]
Current	$ 5,723	$ 76	$ 5,856	$ 1,244
Deferred	(56)	3	71	722
Total	5,667	79	5,927	1,966
Income Taxes Paid [Abstract]
Income taxes paid	0	1,071	0	1,071
Deferred Tax Assets (Liabilities) [Abstract]
Depreciation and depletion	(1,654)		(1,654)			$ (1,701)
Non-qualified stock options	522		522			491
Accrued compensation	66		66			167
Deferred revenues	64		64			89
Other	45		45			45
Net operating loss carryforwards	0		0			23
Net deferred tax liability	(957)		(957)			$ (886)
Forecast [Member]
Income Taxes [Abstract]
Effective income tax rate					25.00%
Federal [Member]
Income Taxes Paid [Abstract]
Income taxes paid	0	877	0	877
State [Member]
Income Taxes Paid [Abstract]
Income taxes paid	$ 0	$ 194	$ 0	$ 194

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