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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2020
Aug. 31, 2019
Current assets:    
Cash and cash equivalents $ 27,137 $ 27,699
Accounts receivable, less allowance for doubtful accounts of $4,159 and $4,242 56,407 73,227
Inventories 2,974 3,481
Prepaid expenses 3,646 3,906
Other current assets 11,500 11,027
Total current assets 101,664 119,340
Property and equipment, net 15,723 18,579
Intangible assets, net 47,125 47,690
Goodwill 24,220 24,220
Deferred income tax assets 1,094 5,045
Other long-term assets 15,611 10,039
Total assets 205,437 224,913
Current liabilities:    
Current portion of term notes payable 5,000 5,000
Current portion of financing obligation 2,600 2,335
Accounts payable 5,622 9,668
Income taxes payable   764
Deferred subscription revenue 59,289 56,250
Other deferred revenue 7,389 5,972
Accrued liabilities 22,628 23,555
Total current liabilities 102,528 103,544
Term notes payable, less current portion 15,000 15,000
Financing obligation, less current portion 14,048 16,648
Other liabilities 9,110 7,527
Deferred income tax liabilities 5,298 180
Total liabilities 145,984 142,899
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock, $.05 par value; 40,000 shares authorized, 27,056 shares issued 1,353 1,353
Additional paid-in capital 211,920 215,964
Retained earnings 49,968 59,403
Accumulated other comprehensive income 641 269
Treasury stock at cost, 13,175 shares and 13,087 shares (204,429) (194,975)
Total shareholders' equity 59,453 82,014
Total liabilities and shareholders' equity $ 205,437 $ 224,913