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Segment Information (Tables)
12 Months Ended
Aug. 31, 2017
Segment Information [Abstract]  
Schedule Of Segment Operations



 

 

 

 

 

 



 

 

 

 

 

 



 

Sales to

 

 

 

 

Fiscal Year Ended

 

External

 

 

 

Adjusted

August 31, 2017

 

Customers

 

Gross Profit

 

EBITDA



 

 

 

 

 

 

Direct offices

$

96,662 

$

65,950 

$

6,134 

Strategic markets

 

22,974 

 

13,601 

 

(2,005)

Education practice

 

44,122 

 

27,916 

 

6,043 

International licensees

 

13,571 

 

10,483 

 

6,005 

Total

 

177,329 

 

117,950 

 

16,177 

Corporate and eliminations

 

7,927 

 

4,717 

 

(8,478)

Consolidated

$

185,256 

$

122,667 

$

7,699 



 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

August 31, 2016

 

 

 

 

 

 



 

 

 

 

 

 

Direct offices

$

103,605 

$

74,632 

$

17,791 

Strategic markets

 

29,819 

 

18,791 

 

3,559 

Education practice

 

40,844 

 

24,513 

 

4,787 

International licensees

 

17,113 

 

13,152 

 

8,646 

Total

 

191,381 

 

131,088 

 

34,783 

Corporate and eliminations

 

8,674 

 

4,066 

 

(7,889)

Consolidated

$

200,055 

$

135,154 

$

26,894 



 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

August 31, 2015

 

 

 

 

 

 



 

 

 

 

 

 

Direct offices

$

113,087 

$

81,057 

$

18,801 

Strategic markets

 

37,039 

 

21,680 

 

8,418 

Education practice

 

33,681 

 

19,350 

 

3,084 

International licensees

 

16,547 

 

12,343 

 

6,645 

Total

 

200,354 

 

134,430 

 

36,948 

Corporate and eliminations

 

9,587 

 

3,659 

 

(5,090)

Consolidated

$

209,941 

$

138,089 

$

31,858 



Reconciliation Of Adjusted EBITDA



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2017 

 

2016 

 

2015 

Enterprise Adjusted EBITDA

$

16,177 

$

34,783 

$

36,948 

Corporate expenses

 

(8,478)

 

(7,889)

 

(5,090)

Consolidated Adjusted EBITDA

 

7,699 

 

26,894 

 

31,858 

Stock-based compensation

 

(3,658)

 

(3,121)

 

(2,536)

Reduction (increase) in

 

 

 

 

 

 

contingent consideration liability

 

1,936 

 

(1,538)

 

(35)

Costs to exit Japan publishing business

 

(2,107)

 

 -

 

 -

Contract termination costs

 

(1,500)

 

 -

 

 -

Restructuring costs

 

(1,482)

 

(776)

 

(587)

ERP system implementation costs

 

(1,404)

 

(448)

 

 -

China office start-up costs

 

(505)

 

(222)

 

 -

Business acquisition costs

 

(442)

 

 -

 

 -

Impaired assets

 

 -

 

 -

 

(1,302)

Depreciation

 

(3,879)

 

(3,677)

 

(4,142)

Amortization

 

(3,538)

 

(3,263)

 

(3,727)

Income (loss) from operations

 

(8,880)

 

13,849 

 

19,529 

Interest income

 

379 

 

325 

 

383 

Interest expense

 

(2,408)

 

(2,263)

 

(2,137)

Discount on related party receivable

 

 -

 

 -

 

(363)

Income (loss) before income taxes

 

(10,909)

 

11,911 

 

17,412 

Benefit (provision) for income taxes

 

3,737 

 

(4,895)

 

(6,296)

Net income (loss)

$

(7,172)

$

7,016 

$

11,116 



Consolidated Revenues From Continuing Operations By Country



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2017 

 

2016 

 

2015 

United States

$

137,219 

$

155,153 

$

162,594 

Japan

 

14,482 

 

14,997 

 

14,446 

China

 

11,552 

 

3,884 

 

2,424 

United Kingdom

 

4,754 

 

7,716 

 

8,997 

Canada

 

4,372 

 

4,357 

 

6,460 

Australia

 

2,704 

 

3,404 

 

3,774 

Western Europe

 

1,679 

 

1,503 

 

1,364 

Thailand

 

1,147 

 

1,226 

 

1,055 

Denmark/Scandinavia

 

775 

 

863 

 

729 

Mexico/Central America

 

751 

 

917 

 

974 

Middle East

 

723 

 

584 

 

670 

Singapore

 

722 

 

1,143 

 

1,397 

India

 

701 

 

677 

 

708 

Central/Eastern Europe

 

638 

 

644 

 

492 

Indonesia

 

614 

 

579 

 

651 

Brazil

 

410 

 

319 

 

321 

Malaysia

 

364 

 

384 

 

511 

The Philippines

 

324 

 

332 

 

327 

Others

 

1,325 

 

1,373 

 

2,047 



$

185,256 

$

200,055 

$

209,941 



Long-Lived Assets By Country



 

 

 

 



 

 

 

 

AUGUST 31,

 

2017 

 

2016 

United States/Canada

$

33,146 

$

27,288 

Japan

 

2,350 

 

2,045 

Australia

 

466 

 

349 

China

 

301 

 

 -

United Kingdom

 

240 

 

114 

Singapore

 

152 

 

 -



$

36,655 

$

29,796