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Income Taxes (Tables)

12 Months Ended

Aug. 31, 2012

Income Taxes [Abstract]

The (Provision) Benefit For Income Taxes From Continuing Operations

YEAR ENDED
AUGUST 31,		2012		2011		2010
Current:
Federal	$	-	$	-	$	(454)
State		228		204		16
Foreign		2,553		1,643		1,555
		2,781		1,847		1,117
Deferred:
Federal		1,311		(430)		1,254
State		(3)		(149)		(43)
Foreign		(269)		45		(488)
Benefit of foreign tax credit
carryforward		(2,677)		(3,788)		-
Utilization of net loss carryforwards		4,763		6,012		468
Provision resulting from the allocation
of certain tax items directly to
contributed capital		-		102		176
		3,125		1,792		1,367
	$	5,906	$	3,639	$	2,484

Allocation Of Total Income Tax Benefit (Provision)

YEAR ENDED
AUGUST 31,		2012		2011		2010
Continuing operations	$	5,906	$	3,639	$	2,484
Other comprehensive income		(73)		310		(229)
Discontinued operations		-		-		440
Gain on sale of discontinued		-
operations		-		-		854
	$	5,833	$	3,949	$	3,549

Income From Continuing Operations Before Income Taxes

YEAR ENDED
AUGUST 31,		2012		2011		2010
United States	$	11,006	$	7,438	$	1,127
Foreign		2,741		1,008		53
	$	13,747	$	8,446	$	1,180

Differences Between Income Taxes At The Statutory Federal Income Tax Rate And Income Taxes From Continuing Operations

YEAR ENDED AUGUST 31,	2012	2011	2010
Federal statutory income tax rate	35.0%	35.0%	35.0%
State income taxes, net of federal effect	2.7	3.7	1.2
Foreign jurisdictions tax differential	1.8	0.3	(4.2)
Tax differential on income subject to both U.S. and foreign taxes	(3.4)	(5.7)	140.6
Uncertain tax positions	3.2	3.7	(21.2)
Tax on management stock loan interest	2.2	3.6	25.9
Non-deductible executive compensation	1.4	1.3	26.8
Non-deductible meals and entertainment	0.9	1.5	7.4
Other	(0.8)	(0.3)	(0.9)
	43.0%	43.1%	210.6%

Significant Components Of Deferred Tax Assets And Liabilities

YEAR ENDED
AUGUST 31,		2012		2011
Deferred income tax assets:
Sale and financing of corporate
headquarters	$	10,953	$	11,171
Foreign income tax credit
carryforward		6,205		5,946
Deferred compensation		2,296		1,003
Bonus and other accruals		1,399		1,403
Unearned revenue		1,188		784
Inventory and bad debt reserves		746		639
Net operating loss carryforward		289		4,128
Alternative minimum tax carryforward		392		393
Investment in FC Organizational
Products		275		1,466
Sales returns and contingencies		253		248
Impairment of FC Organizational
Products note receivable		-		1,653
Impairment of investment in Franklin
Covey Coaching, LLC		-		46
Other		163		151
Total deferred income tax assets		24,159		29,031
Less: valuation allowance		-		(2,159)
Net deferred income tax assets		24,159		26,872
Deferred income tax liabilities:
Intangibles step-ups – indefinite lived		(8,667)		(8,597)
Intangibles step-ups – definite lived		(8,371)		(8,866)
Property and equipment depreciation		(4,822)		(5,430)
Intangible asset impairment and
amortization		(4,919)		(4,319)
Unremitted earnings of foreign
subsidiaries		(582)		(609)
Other		(142)		(114)
Total deferred income tax liabilities		(27,503)		(27,935)
Net deferred income taxes	$	(3,344)	$	(1,063)

Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets

YEAR ENDED
AUGUST 31,		2012		2011
Current assets	$	3,634	$	3,005
Long-term assets		23		16
Long-term liabilities		(7,001)		(4,084)
Net deferred income tax liability	$	(3,344)	$	(1,063)

Pre-Tax Income, Significant Book Versus Tax Differences, And Taxable Income

YEAR ENDED
AUGUST 31,		2012		2011		2010
Domestic pre-tax book income	$	11,006	$	7,438	$	1,745
Share-based compensation		3,405		1,700		359
Actual and deemed foreign dividends		2,484		5,409		2,502
Property and equipment depreciation
and dispositions		1,664		1,766		1,482
Unearned revenue		1,057		37		1,534
Interest on management common
stock loans		870		376		313
Disallowed executive compensation		549		537		755
Changes in accrued liabilities		88		1,091		(724)
Impairment of note receivable from
FC Organizational Products		(4,667)		390		315
Taxable losses from FC Organizational
Products		(2,916)		(748)		(3,073)
Amortization/write-off of intangible
assets		(92)		(1,274)		(617)
Deduction for foreign income taxes		-		-		(1,272)
Sale of corporate headquarters campus		(822)		(683)		(585)
Other book versus tax differences		(30)		281		232
	$	12,596	$	16,320	$	2,966

Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits

YEAR ENDED
AUGUST 31,		2012		2011		2010
Beginning balance	$	3,703	$	3,940	$	4,225
Additions based on tax positions
related to the current year		297		6		46
Additions for tax positions in
prior years		327		384		173
Reductions for tax positions of prior
years resulting from the lapse of
applicable statute of limitations		-		-		(425)
Other reductions for tax positions of
prior years		(115)		(627)		(79)
Ending balance	$	4,212	$	3,703	$	3,940

Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions

2005-2012	Canada
2006-2012	Australia
2007-2012	Japan,  United Kingdom
2008-2012	United States – state and local income tax
2009-2012	United States – federal income tax

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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