XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2022
Nov. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 4,667 $ 3,812
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,338 2,710
Amortization of capitalized curriculum costs 843 789
Stock-based compensation 2,735 1,649
Deferred income taxes 393 679
Change in fair value of contingent consideration liabilities 7 28
Amortization of right-of-use operating lease assets 203 225
Changes in assets and liabilities, net of effect of acquired businesses:    
Decrease in accounts receivable, net 15,144 18,829
Decrease (increase) in inventories 38 (92)
Increase in prepaid expenses and other assets 2,306 196
Decrease in accounts payable and accrued liabilities (14,098) (9,825)
Decrease in deferred revenue (11,501) (8,219)
Decrease (increase) in income taxes payable 31 (47)
Decrease in other long-term liabilities (89) (570)
Net cash provided by operating activities 3,017 10,164
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (1,240) (520)
Curriculum development costs (974) (243)
Net cash used for investing activities (2,214) (763)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable (1,250) (1,250)
Principal payments on financing obligation (774) (698)
Purchases of common stock for treasury (835) (3,488)
Payment of contingent consideration liabilities (429) (368)
Proceeds from sales of common stock held in treasury 367 344
Net cash used for financing activities (2,921) (5,460)
Effect of foreign currency exchange rates on cash and cash equivalents (247) (108)
Net increase in cash and cash equivalents (2,365) 3,833
Cash and cash equivalents at the beginning of the period 60,517 47,417
Cash and cash equivalents at the end of the period 58,152 51,250
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 836 577
Cash paid for interest 372 410
Non-cash investing and financing activities:    
Purchases of property and equipment financed by accounts payable 213 238
Acquisition of right-of-use operating lease assets for operating lease liabilities $ 128 $ 142