| Segment Reporting |
|
|
|
|
|
|
|
|
|
|
|
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|
|
Three Months Ended May 31, 2024 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
2,465 |
|
$ |
5,016 |
|
$ |
123 |
|
$ |
7,604 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
911 |
|
|
1,346 |
|
|
71 |
|
|
2,328 |
Depreciation and depletion |
|
|
410 |
|
|
— |
|
|
— |
|
|
410 |
Total cost of revenue |
|
|
1,321 |
|
|
1,346 |
|
|
71 |
|
|
2,738 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit |
|
$ |
1,144 |
|
$ |
3,670 |
|
$ |
52 |
|
$ |
4,866 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2023 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
3,643 |
|
$ |
3,202 |
|
$ |
34 |
|
$ |
6,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
743 |
|
|
1,032 |
|
|
24 |
|
|
1,799 |
Depreciation and depletion |
|
|
407 |
|
|
— |
|
|
— |
|
|
407 |
Total cost of revenue |
|
|
1,150 |
|
|
1,032 |
|
|
24 |
|
|
2,206 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit |
|
$ |
2,493 |
|
$ |
2,170 |
|
$ |
10 |
|
$ |
4,673 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2024 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
7,562 |
|
$ |
8,268 |
|
$ |
357 |
|
$ |
16,187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
2,547 |
|
|
2,362 |
|
|
161 |
|
|
5,070 |
Depreciation and depletion |
|
|
1,132 |
|
|
— |
|
|
— |
|
|
1,132 |
Total cost of revenue |
|
|
3,679 |
|
|
2,362 |
|
|
161 |
|
|
6,202 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment (loss) profit |
|
$ |
3,883 |
|
$ |
5,906 |
|
$ |
196 |
|
$ |
9,985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2023 |
(In thousands) |
|
Water and wastewater resource development |
|
Land development |
|
Single-family rental |
|
Total |
Total revenue |
|
$ |
5,891 |
|
$ |
5,237 |
|
$ |
90 |
|
$ |
11,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
2,125 |
|
|
1,518 |
|
|
53 |
|
|
3,696 |
Depreciation and depletion |
|
|
1,246 |
|
|
— |
|
|
— |
|
|
1,246 |
Total cost of revenue |
|
|
3,371 |
|
|
1,518 |
|
|
53 |
|
|
4,942 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment profit |
|
$ |
2,520 |
|
$ |
3,719 |
|
$ |
37 |
|
$ |
6,276 |
|
|
|
|
|
|
|
(In thousands) |
|
May 31, 2024 |
|
August 31, 2023 |
Water and wastewater resource development |
|
$ |
64,217 |
|
$ |
63,129 |
Land development |
|
|
11,043 |
|
|
7,710 |
Single-family rental |
|
|
5,257 |
|
|
5,128 |
Corporate |
|
|
59,887 |
|
|
57,249 |
Total assets |
|
$ |
140,404 |
|
$ |
133,216 |
|