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Segment Information (Tables)
6 Months Ended
Feb. 28, 2018
Segment Information [Abstract]  
Schedule Of Segment Operations



 

 

 

 

 

 



 

 

 

 

 

 



 

Sales to

 

 

 

 

Quarter Ended

 

External

 

 

 

Adjusted

February 28, 2018

 

Customers

 

Gross Profit

 

EBITDA



 

 

 

 

 

 

Direct offices

$

33,275 

$

24,881 

$

1,765 

Education practice

 

9,007 

 

5,163 

 

(881)

International licensees

 

3,046 

 

2,364 

 

1,168 

Total

 

45,328 

 

32,408 

 

2,052 

Corporate and eliminations

 

1,219 

 

336 

 

(2,720)

Consolidated

$

46,547 

$

32,744 

$

(668)



 

 

 

 

 

 

Quarter Ended

 

 

 

 

 

 

February 28, 2017

 

 

 

 

 

 



 

 

 

 

 

 

Direct offices

$

30,137 

$

20,862 

$

1,495 

Education practice

 

7,848 

 

4,408 

 

(555)

International licensees

 

2,937 

 

2,262 

 

1,394 

Total

 

40,922 

 

27,532 

 

2,334 

Corporate and eliminations

 

1,274 

 

499 

 

(2,701)

Consolidated

$

42,196 

$

28,031 

$

(367)



 

 

 

 

 

 

Two Quarters Ended

 

 

 

 

 

 

February 28, 2018

 

 

 

 

 

 



 

 

 

 

 

 

Direct offices

$

67,471 

$

49,442 

$

4,843 

Education practice

 

18,183 

 

10,593 

 

(1,550)

International licensees

 

6,366 

 

4,866 

 

2,580 

Total

 

92,020 

 

64,901 

 

5,873 

Corporate and eliminations

 

2,459 

 

711 

 

(5,939)

Consolidated

$

94,479 

$

65,612 

$

(66)



 

 

 

 

 

 

Two Quarters Ended

 

 

 

 

 

 

February 28, 2017

 

 

 

 

 

 



 

 

 

 

 

 

Direct offices

$

56,520 

$

37,799 

$

(266)

Education practice

 

16,591 

 

9,431 

 

(322)

International licensees

 

6,369 

 

4,913 

 

2,893 

Total

 

79,480 

 

52,143 

 

2,305 

Corporate and eliminations

 

2,503 

 

1,197 

 

(5,491)

Consolidated

$

81,983 

$

53,340 

$

(3,186)



Reconciliation Of Adjusted EBITDA



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



Quarter Ended

 

Two Quarters Ended



 

February 28,

 

 

February 28,

 

 

February 28,

 

 

February 28,



 

2018

 

 

2017

 

 

2018

 

 

2017

Segment Adjusted EBITDA

$

2,052 

 

$

2,334 

 

$

5,873 

 

$

2,305 

Corporate expenses

 

(2,720)

 

 

(2,701)

 

 

(5,939)

 

 

(5,491)

Consolidated Adjusted EBITDA

 

(668)

 

 

(367)

 

 

(66)

 

 

(3,186)

Stock-based compensation expense

 

(779)

 

 

(1,564)

 

 

(1,736)

 

 

(2,777)

Reduction (increase) in contingent

 

 

 

 

 

 

 

 

 

 

 

    consideration liabilities

 

(477)

 

 

924 

 

 

(652)

 

 

1,936 

China office start-up costs

 

 -

 

 

(26)

 

 

 -

 

 

(505)

ERP system implementation costs

 

(429)

 

 

(306)

 

 

(855)

 

 

(593)

Contract termination costs

 

 -

 

 

(1,500)

 

 

 -

 

 

(1,500)

Depreciation

 

(1,379)

 

 

(928)

 

 

(2,280)

 

 

(1,794)

Amortization

 

(1,395)

 

 

(721)

 

 

(2,791)

 

 

(1,443)

Loss from operations

 

(5,127)

 

 

(4,488)

 

 

(8,380)

 

 

(9,862)

Interest income

 

54 

 

 

109 

 

 

115 

 

 

225 

Interest expense

 

(692)

 

 

(623)

 

 

(1,240)

 

 

(1,244)

Loss before income taxes

 

(5,765)

 

 

(5,002)

 

 

(9,505)

 

 

(10,881)

Income tax benefit

 

3,025 

 

 

1,669 

 

 

4,373 

 

 

3,590 

Net loss

$

(2,740)

 

$

(3,333)

 

$

(5,132)

 

$

(7,291)