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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2020
Aug. 31, 2019
Current assets:    
Cash and cash equivalents $ 37,006 $ 27,699
Accounts receivable, less allowance for doubtful accounts of $3,873 and $4,242 38,612 73,227
Inventories 3,106 3,481
Prepaid expenses and other current assets 13,295 14,933
Total current assets 92,019 119,340
Property and equipment, net 16,894 18,579
Intangible assets, net 44,189 47,690
Goodwill 24,220 24,220
Deferred income tax assets 1,388 5,045
Other long-term assets 14,894 10,039
Total assets 193,604 224,913
Current liabilities:    
Current portion of term notes payable 5,000 5,000
Current portion of financing obligation 2,532 2,335
Accounts payable 3,922 9,668
Deferred subscription revenue 42,794 56,250
Other deferred revenue 7,915 5,972
Accrued liabilities 18,212 24,319
Total current liabilities 80,375 103,544
Line of credit 14,870  
Term notes payable, less current portion 16,250 15,000
Financing obligation, less current portion 14,726 16,648
Other liabilities 6,061 7,527
Deferred income tax liabilities 4,274 180
Total liabilities 136,556 142,899
Shareholders' equity:    
Common stock, $.05 par value; 40,000 shares authorized, 27,056 shares issued 1,353 1,353
Additional paid-in capital 211,067 215,964
Retained earnings 48,988 59,403
Accumulated other comprehensive income 231 269
Treasury stock at cost, 13,198 shares and 13,087 shares (204,591) (194,975)
Total shareholders' equity 57,048 82,014
Total liabilities and shareholders' equity $ 193,604 $ 224,913