| 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 |
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