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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2024
May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 11,446 $ 10,969
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,198 6,401
Amortization of capitalized curriculum costs 2,340 2,385
Impairment of asset 928  
Stock-based compensation 7,092 9,357
Deferred income taxes (169) 2,399
Change in fair value of contingent consideration liabilities   7
Amortization of right-of-use operating lease assets 596 633
Changes in assets and liabilities:    
Decrease in accounts receivable, net 21,436 17,071
Increase in inventories (434) (1,050)
Decrease in prepaid expenses and other assets 2,032 3,415
Decrease in accounts payable and accrued liabilities (8,305) (12,615)
Decrease in deferred revenue and customer deposits (5,154) (11,901)
Increase (decrease) in income taxes payable 628 (621)
Decrease in other long-term liabilities (249) (503)
Net cash provided by operating activities 38,385 25,947
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,618) (3,545)
Curriculum development costs (5,195) (6,841)
Net cash used for investing activities (7,813) (10,386)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from term notes payable financing   7,500
Principal payments on notes payable (4,585) (12,085)
Principal payments on financing obligation (2,618) (2,366)
Purchases of common stock for treasury (25,844) (29,672)
Payment of contingent consideration liabilities   (736)
Cash paid to obtain new credit agreement   (393)
Proceeds from sales of common stock held in treasury 1,077 1,162
Net cash used for financing activities (31,970) (36,590)
Effect of foreign currency exchange rates on cash and cash equivalents (258) (159)
Net decrease in cash and cash equivalents (1,656) (21,188)
Cash and cash equivalents at the beginning of the period 38,230 60,517
Cash and cash equivalents at the end of the period 36,574 39,329
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,962 2,452
Cash paid for interest 931 1,158
Non-cash investing and financing activities:    
Purchases of property and equipment financed by accounts payable 111 21
Acquisition of right-of-use operating lease assets for operating lease liabilities 1,042 $ 504
Acquisition of content rights financed by accrued liabilities $ 1,500