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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 23,402 $ 17,781 $ 18,430
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,153 8,613 10,169
Amortization of capitalized curriculum development costs 3,172 3,084 3,354
Deferred income taxes 1,885 4,748 121
Stock-based compensation expense 10,142 12,520 8,286
Impaired asset 928    
Change in fair value of contingent consideration liabilities   7 68
Amortization of right-of-use operating lease assets 760 834 913
Changes in assets and liabilities:      
Increase in accounts receivable, net (3,759) (9,452) (2,406)
Decrease (increase) in inventories 228 (692) (1,048)
Increase in prepaid expenses and other assets (1,414) (88) (2,692)
Increase (decrease) in accounts payable and accrued liabilities 403 (9,541) 4,358
Increase in deferred revenue and customer deposits 13,458 8,806 14,245
Increase (decrease) in income taxes payable 3,453 (195) 138
Decrease in other liabilities (554) (687) (1,682)
Net cash provided by operating activities 60,257 35,738 52,254
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (3,694) (4,515) (3,177)
Capitalized curriculum development costs (6,866) (9,035) (2,154)
Acquisition of content rights (750)    
Net cash used for investing activities (11,310) (13,550) (5,331)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from term notes payable financing   7,500  
Principal payments on notes payable (5,835) (13,335) (5,835)
Principal payments on financing obligation (3,538) (3,199) (2,887)
Purchases of common stock for treasury (30,749) (35,555) (23,850)
Payment of contingent consideration liabilities   (736) (1,434)
Cash paid to new secured credit agreement   (393)  
Proceeds from sales of common stock held in treasury 1,467 1,539 1,336
Net cash used for financing activities (38,655) (44,179) (32,670)
Effect of foreign currency exchange rates on cash and cash equivalents 141 (296) (1,153)
Net increase (decrease) in cash and cash equivalents 10,433 (22,287) 13,100
Cash and cash equivalents at the beginning of the year 38,230 60,517 47,417
Cash and cash equivalents at the end of the year 48,663 38,230 60,517
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 4,205 3,308 3,210
Cash paid for interest 1,107 1,501 1,655
Non-cash investing and financing activities:      
Acquisition of property and equipment and capitalized curriculum financed by accounts payable 1,036 $ 548 $ 529
Acquisition of content rights financed by accounts payable $ 750