Fair Value Measurements (Tables)

9 Months Ended

May 31, 2016

Fair Value Disclosures [Abstract]

Fair value liabilities measured on recurring basis

Liabilities measured at fair value on a recurring basis, all of which are included in other liabilities on our Condensed Consolidated Balance Sheets, consist of the following as of May 31, 2016 and August 31, 2015:

			Fair Value Measurements at Reporting Dates Using
	Fair Value as of Respective Reporting Dates		Quoted Prices in Active Markets for Identical Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
($ in thousands)
Contingent consideration as of May 31, 2016	$	19,326	$	—	$	—	$	19,326
Contingent consideration as of August 31, 2015	$	7,499	$	—	$	—	$	7,499

Fair value liabilities measured on recurring basis, unobservable input reconciliation

The following summarizes the changes in liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the respective periods:

	Three Months Ended May 31,				Nine Months Ended May 31,
($ in thousands)	2016		2015		2016		2015
Beginning balance	$	18,200	$	6,416	$	7,499	$	41,893
Initial contingent consideration at fair value	—		—		10,717		—
Change in fair value included in net income (loss)	973		154		897		(843		)
Payment for contingent consideration(1)	—		—		—		(34,480		)
Currency translation adjustment	153		—		213		—
Ending balance	$	19,326	$	6,570	$	19,326	$	6,570

⁽¹⁾ During fiscal year 2015,we paid $34.5 million to settle the contingent consideration for our Open Colleges acquisition.

Fair value liabilities measured on nonrecurring basis

Liabilities measured at fair value on a nonrecurring basis during the nine months ended May 31, 2016 are included in other liabilities on our Condensed Consolidated Balance Sheets and consist of the following:

			Fair Value Measurements at Measurement Date Using
($ in thousands)	Fair Value at Measurement Date		Quoted Prices in Active Markets for Identical Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Losses for Nine Months Ended May 31, 2016
Restructuring obligations	$	24,275	$	—	$	—	$	24,275	$	24,275