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SEGMENT REPORTING | 12 Months Ended
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Aug. 31, 2022
Segment Reporting [Abstract] |
SEGMENT REPORTING | Segment Reporting Operating segments are components of an enterprise where separate financial information is available and is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief operating decision makers are our Chief Executive Officer and Chief Financial Officer. Our operating segments are managed separately because each operating segment represents a strategic business unit providing consulting and outsourcing services to clients across different industries. Our three reportable segments are our geographic markets, which are North America, Europe and Growth Markets. Amounts are attributed to geographic markets based on where clients are located. Information regarding our geographic markets is as follows:
Fiscal 2022 | North America |  | Europe |  | Growth Markets |  | Total
Revenues | $ | 29,121,385 |  |  | $ | 20,263,550 |  |  | $ | 12,209,370 |  |  | $ | 61,594,305 |
Depreciation and amortization (1) | 484,894 |  |  | 452,825 |  |  | 381,467 |  |  | 1,319,186 |
Operating income | 4,976,890 |  |  | 2,437,313 |  |  | 1,952,978 |  |  | 9,367,181 |
Net assets as of August 31 (2) | 3,981,668 |  |  | 2,331,300 |  |  | 1,127,828 |  |  | 7,440,796 |
Property & equipment, net | 598,116 |  |  | 430,179 |  |  | 630,845 |  |  | 1,659,140 |
Fiscal 2021 |  |  |  |  |  |  |
Revenues | $ | 23,701,341 |  |  | $ | 16,749,484 |  |  | $ | 10,082,564 |  |  | $ | 50,533,389 |
Depreciation and amortization (1) | 379,105 |  |  | 403,802 |  |  | 344,656 |  |  | 1,127,563 |
Operating income | 3,907,883 |  |  | 2,236,462 |  |  | 1,477,184 |  |  | 7,621,529 |
Net assets as of August 31 (2) | 3,141,318 |  |  | 1,564,660 |  |  | 862,755 |  |  | 5,568,733 |
Property & equipment, net | 537,392 |  |  | 455,862 |  |  | 645,851 |  |  | 1,639,105 |
Fiscal 2020 |  |  |  |  |  |  |
Revenues | $ | 20,982,253 |  |  | $ | 14,402,142 |  |  | $ | 8,942,644 |  |  | $ | 44,327,039 |
Depreciation and amortization (1) | 348,761 |  |  | 341,245 |  |  | 332,393 |  |  | 1,022,399 |
Operating income | 3,169,648 |  |  | 1,799,431 |  |  | 1,544,565 |  |  | 6,513,644 |
Net assets as of August 31 (2) | 2,585,659 |  |  | 1,079,904 |  |  | 620,083 |  |  | 4,285,646 |
Property & equipment, net | 499,976 |  |  | 389,968 |  |  | 655,624 |  |  | 1,545,568 |
(1)Amounts include depreciation on property and equipment and amortization of intangible assets and deferred contract costs controlled by each reportable segment, as well as an allocation for amounts they do not directly control. (2)We do not allocate total assets by reportable segment. Reportable segment assets directly attributable to a reportable segment and provided to the chief operating decision makers include receivables and current and non-current contract assets, deferred contract costs and current and non-current deferred revenues. The accounting policies of the reportable segments are the same as those described in Note 1 (Summary of Significant Accounting Policies) to these Consolidated Financial Statements. Our business in the United States represented 45% of our consolidated revenues during fiscal 2022, 2021 and 2020, respectively. No other country individually comprised 10% or more of our consolidated revenues during these periods. Business in Ireland, our country of domicile, represented approximately 1%, 2% and 1% of our consolidated revenues during fiscal 2022, 2021 and 2020, respectively. We conduct business in Ireland and in the following countries that hold 10% or more of our total consolidated Property and equipment, net:
| August 31, 2022 |  | August 31, 2021 |  | August 31, 2020
United States | 33 | % |  | 27 | % |  | 27 | %
India | 17 |  |  | 17 |  |  | 18 |
Ireland | 6 |  |  | 7 |  |  | 7 |
Revenues by industry group and type of work are as follows:
| Fiscal
| 2022 |  | 2021 |  | 2020
Industry Groups (1) |  |  |  |  |
Communications, Media & Technology | $ | 12,199,797 |  |  | $ | 9,801,349 |  |  | $ | 8,312,650 |
Financial Services | 11,810,582 |  |  | 9,932,523 |  |  | 8,518,894 |
Health & Public Service | 11,226,464 |  |  | 9,498,234 |  |  | 8,023,651 |
Products | 18,275,419 |  |  | 14,438,537 |  |  | 12,857,664 |
Resources | 8,082,043 |  |  | 6,862,746 |  |  | 6,614,180 |
Total | $ | 61,594,305 |  |  | $ | 50,533,389 |  |  | $ | 44,327,039 |
Type of Work |  |  |  |  |
Consulting | $ | 34,075,856 |  |  | $ | 27,337,699 |  |  | $ | 24,227,024 |
Outsourcing | 27,518,449 |  |  | 23,195,690 |  |  | 20,100,015 |
Total | $ | 61,594,305 |  |  | $ | 50,533,389 |  |  | $ | 44,327,039 |
(1)Effective June 1, 2022, we revised the reporting of our industry groups for the movement of Aerospace & Defense from Communications, Media & Technology to Products. Prior period amounts have been reclassified to conform with the current period presentation.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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