XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.4
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2024
Nov. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,181 $ 4,851
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,048 2,162
Amortization of capitalized curriculum costs 1,033 691
Stock-based compensation 2,167 2,897
Deferred income taxes (216) (1,048)
Amortization of right-of-use operating lease assets 162 199
Changes in assets and liabilities:    
Decrease in accounts receivable, net 24,190 22,097
Decrease in inventories 161 100
Decrease in prepaid expenses and other assets 1,781 996
Decrease in accounts payable and accrued liabilities (10,912) (7,984)
Decrease in deferred revenue and customer deposits (7,079) (7,981)
Increase (decrease) in income taxes payable (143) 557
Decrease in other long-term liabilities (228) (99)
Net cash provided by operating activities 14,145 17,438
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (998) (1,072)
Curriculum development costs (1,432) (2,668)
Reacquisition of license rights (324)  
Net cash used for investing activities (2,754) (3,740)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable   (1,250)
Principal payments on financing obligation (945) (855)
Purchases of common stock for treasury (5,954) (16,308)
Proceeds from sales of common stock held in treasury 320 356
Net cash used for financing activities (6,579) (18,057)
Effect of foreign currency exchange rates on cash and cash equivalents (181) 88
Net increase (decrease) in cash and cash equivalents 4,631 (4,271)
Cash and cash equivalents at the beginning of the period 48,663 38,230
Cash and cash equivalents at the end of the period 53,294 33,959
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 745 822
Cash paid for interest 143 337
Non-cash investing and financing activities:    
Acquisition of property and equipment and capitalized curriculum financed by accounts payable 305 45
Consideration for reacquired license rights from liabilities of seller $ 168  
Acquisition of right-of-use operating lease assets for operating lease liabilities   $ 121