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Segment Information (Tables)
 12 Months Ended
Aug. 31, 2020
Segment Information [Abstract]  
Schedule Of Segment Operations



 

 

 

 

 

 



 

 

 

 

 

 



 

Sales to

 

 

 

 

Fiscal Year Ended

 

External

 

 

 

Adjusted

August 31, 2020

 

Customers

 

Gross Profit

 

EBITDA

Enterprise Division:

 

 

 

 

 

 

Direct offices

$

 139,780 

$

 108,144 

$

 17,694 

International licensees

 

 8,451 

 

 6,679 

 

 2,406 



 

 148,231 

 

 114,823 

 

 20,100 

Education Division

 

 43,405 

 

 27,099 

 

 (90)

Corporate and eliminations

 

 6,820 

 

 3,448 

 

 (5,726)

Consolidated

$

 198,456 

$

 145,370 

$

 14,284 



 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

August 31, 2019

 

 

 

 

 

 

Enterprise Division:

 

 

 

 

 

 

Direct offices

$

 157,754 

$

 116,755 

$

 19,455 

International licensees

 

 12,896 

 

 10,231 

 

 6,072 



 

 170,650 

 

 126,986 

 

 25,527 

Education Division

 

 48,880 

 

 30,373 

 

 3,553 

Corporate and eliminations

 

 5,826 

 

 1,955 

 

 (8,474)

Consolidated

$

 225,356 

$

 159,314 

$

 20,606 



 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

August 31, 2018

 

 

 

 

 

 

Enterprise Division:

 

 

 

 

 

 

Direct offices

$

 145,890 

$

 108,140 

$

 13,254 

International licensees

 

 13,226 

 

 10,031 

 

 5,081 



 

 159,116 

 

 118,171 

 

 18,335 

Education Division

 

 45,272 

 

 28,654 

 

 2,710 

Corporate and eliminations

 

 5,370 

 

 1,464 

 

 (9,167)

Consolidated

$

 209,758 

$

 148,289 

$

 11,878 



Reconciliation Of Adjusted EBITDA



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

 2020 

 

 2019 

 

 2018 

Segment Adjusted EBITDA

$

 20,010 

$

 29,080 

$

 21,045 

Corporate expenses

 

 (5,726)

 

 (8,474)

 

 (9,167)

Consolidated Adjusted EBITDA

 

 14,284 

 

 20,606 

 

 11,878 

Stock-based compensation

 

 573 

 

 (4,789)

 

 (2,846)

Reduction (increase) in

 

 

 

 

 

 

contingent consideration liabilities

 

 49 

 

 (1,334)

 

 (1,014)

Restructuring costs

 

 (1,636)

 

 -

 

 -

Gain from insurance settlement

 

 933 

 

 -

 

 -

Government COVID assistance

 

 514 

 

 -

 

 -

Knowledge Capital wind-down costs

 

 (389)

 

 -

 

 -

ERP system implementation costs

 

 -

 

 -

 

 (855)

Licensee transition costs

 

 -

 

 (488)

 

 -

Depreciation

 

 (6,664)

 

 (6,364)

 

 (5,161)

Amortization

 

 (4,606)

 

 (4,976)

 

 (5,368)

Income (loss) from operations

 

 3,058 

 

 2,655 

 

 (3,366)

Interest income

 

 56 

 

 37 

 

 104 

Interest expense

 

 (2,318)

 

 (2,358)

 

 (2,676)

Accretion of discount on related

 

 

 

 

 

 

    party receivable

 

 -

 

 258 

 

 418 

Income (loss) before income taxes

 

 796 

 

 592 

 

 (5,520)

Provision for income taxes

 

 (10,231)

 

 (1,615)

 

 (367)

Net loss

$

 (9,435)

$

 (1,023)

$

 (5,887)



Consolidated Revenues Derived From Countries/Regions



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

 2020 

 

 2019 

 

 2018 

Americas

$

 160,989 

$

 173,784 

$

 159,595 

Asia Pacific

 

 11,845 

 

 14,457 

 

 12,715 

Europe/Middle East/Africa

 

 25,622 

 

 37,115 

 

 37,448 



$

 198,456 

$

 225,356 

$

 209,758 



Schedule Of Revenue Disaggregate By Activities



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

Services and

 

 

 

 

 

Leases and

 

 

August 31, 2020

 

Products

 

Subscriptions

 

Royalties

 

Other

 

Consolidated

Enterprise Division:

 

 

 

 

 

 

 

 

 

 

Direct offices

$

 75,580 

$

 60,954 

$

 3,246 

$

 -

$

 139,780 

International licensees

 

 1,411 

 

 -

 

 7,040 

 

 -

 

 8,451 



 

 76,991 

 

 60,954 

 

 10,286 

 

 -

 

 148,231 

Education Division

 

 15,107 

 

 25,587 

 

 2,711 

 

 -

 

 43,405 

Corporate and eliminations

 

 -

 

 -

 

 1,985 

 

 4,835 

 

 6,820 

Consolidated

$

 92,098 

$

 86,541 

$

 14,982 

$

 4,835 

$

 198,456 



 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

 

 

 

 

August 31, 2019

 

 

 

 

 

 

 

 

 

 

Enterprise Division:

 

 

 

 

 

 

 

 

 

 

Direct offices

$

 102,557 

$

 52,536 

$

 2,661 

$

 -

$

 157,754 

International licensees

 

 2,439 

 

 -

 

 10,457 

 

 -

 

 12,896 



 

 104,996 

 

 52,536 

 

 13,118 

 

 -

 

 170,650 

Education Division

 

 23,779 

 

 22,151 

 

 2,950 

 

 -

 

 48,880 

Corporate and eliminations

 

 -

 

 -

 

 -

 

 5,826 

 

 5,826 

Consolidated

$

 128,775 

$

 74,687 

$

 16,068 

$

 5,826 

$

 225,356 



 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

 

 

 

 

August 31, 2018

 

 

 

 

 

 

 

 

 

 

Enterprise Division:

 

 

 

 

 

 

 

 

 

 

Direct offices

$

 100,730 

$

 42,465 

$

 2,695 

$

 -

$

 145,890 

International licensees

 

 2,484 

 

 -

 

 10,742 

 

 -

 

 13,226 



 

 103,214 

 

 42,465 

 

 13,437 

 

 -

 

 159,116 

Education Division

 

 26,061 

 

 15,587 

 

 3,624 

 

 -

 

 45,272 

Corporate and eliminations

 

 -

 

 -

 

 -

 

 5,370 

 

 5,370 

Consolidated

$

 129,275 

$

 58,052 

$

 17,061 

$

 5,370 

$

 209,758 



Long-Lived Assets By Countries



 

 

 

 



 

 

 

 

AUGUST 31,

 

 2020 

 

 2019 

United States/Canada

$

 28,327 

$

 31,129 

Japan

 

 1,537 

 

 1,456 

China

 

 1,307 

 

 441 

United Kingdom

 

 720 

 

 207 

Germany, Switzerland, and Austria

 

 240 

 

 10 

Singapore

 

 158 

 

 370 

Australia

 

 139 

 

 164 



$

 32,428 

$

 33,777