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)

v3.21.2

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended	9 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021	May 31, 2020	Feb. 28, 2021	May 31, 2021	May 31, 2020	Aug. 31, 2020
Income Taxes [Abstract]
Effective income tax rate	24.70%		24.80%		24.70%	24.60%
Income Tax Expense (Benefit) [Abstract]
Current	$ (394)		$ 21		$ 5,283	$ 1,265
Deferred	552		(12)		623	710
Total	158	$ 5,489	9	$ 5,749	5,906	1,975
Income Taxes Paid [Abstract]
Income taxes paid			234		0	1,305
Deferred Tax Assets (Liabilities) [Abstract]
Depreciation and depletion	(2,244)				(2,244)		$ (1,701)
Non-qualified stock options	528				528		491
Accrued compensation	98				98		167
Deferred revenues	52				52		89
Other	57				57		45
Net operating loss carryforwards	0				0		23
Net deferred tax liability	(1,509)				(1,509)		$ (886)
Federal [Member]
Income Taxes Paid [Abstract]
Income taxes paid	0		212		0	1,089
State [Member]
Income Taxes Paid [Abstract]
Income taxes paid	$ 0		$ 22		$ 0	$ 216

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