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Intangible Assets And Goodwill (Tables)
12 Months Ended
Aug. 31, 2012
Intangible Assets And Goodwill [Abstract]  
Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Carrying

 

Accumulated

 

Net Carrying

AUGUST 31, 2012

 

Amount

 

Amortization

 

Amount

Definite-lived intangible assets:

 

 

 

 

 

 

License rights

$

27,000 

$

(13,041)

$

13,959 

Acquired curriculum

 

58,284 

 

(36,052)

 

22,232 

Customer lists

 

15,111 

 

(15,097)

 

14 

Trade names

 

377 

 

(377)

 

 -

 

 

100,772 

 

(64,567)

 

36,205 

Indefinite-lived intangible asset:

 

 

 

 

 

 

Covey trade name

 

23,000 

 

 -

 

23,000 

 

$

123,772 

$

(64,567)

$

59,205 

 

 

 

 

 

 

 

AUGUST 31, 2011

 

 

 

 

 

 

Definite-lived intangible assets:

 

 

 

 

 

 

License rights

$

27,000 

$

(12,103)

$

14,897 

Acquired curriculum

 

58,285 

 

(34,524)

 

23,761 

Customer lists

 

15,111 

 

(15,066)

 

45 

Trade names

 

377 

 

(377)

 

 -

 

 

100,773 

 

(62,070)

 

38,703 

Indefinite-lived intangible asset:

 

 

 

 

 

 

Covey trade name

 

23,000 

 

 -

 

23,000 

 

$

123,773 

$

(62,070)

$

61,703 

 

Range Of Remaining Estimated Useful Lives And Weighted-Average Amortization

 

 

 

 

 

 

Category of Intangible Asset

 

Range of Remaining Estimated Useful Lives

 

Weighted Average Amortization Period

 

 

 

 

 

License rights

 

14 years

 

30 years

Curriculum

 

2 to 14 years

 

26 years

Customer lists

 

Less than one year

 

14 years

 

Consolidated Goodwill

 

 

 

 

 

 

Balance at August 31, 2010

$

3,761 

Contingent earnout payment from

 

 

CoveyLink acquisition

 

5,411 

Impairments

 

 -

Balance at August 31, 2011

$

9,172 

Contingent earnout payment from

 

 

CoveyLink acquisition

 

 -

Impairments

 

 -

Balance at August 31, 2012

$

9,172 

 

Amortization Expense For Intangible Assets Over The Next Five Years

 

 

 

 

 

 

YEAR ENDING

 

 

AUGUST 31,

 

 

2013

$

2,471 

2014

 

2,446 

2015

 

2,443 

2016

 

2,443 

2017

 

2,443