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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 13,623 $ (9,435) $ (1,023)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 11,196 11,270 11,359
Amortization of capitalized curriculum development costs 3,445 3,949 4,954
Deferred income taxes (9,790) 9,094 (1,051)
Stock-based compensation expense 8,617 (573) 4,789
Change in fair value of contingent consideration liabilities 193 (49) 1,334
Amortization of right-of-use operating lease assets 1,003 331  
Changes in assets and liabilities, net of effect of acquired businesses:      
Decrease (increase) in accounts receivable, net (14,266) 17,142 (1,770)
Decrease in (increase) inventories 463 552 (260)
Decrease in receivable from related party   26 535
Decrease (increase) in prepaid expenses and other assets (880) (767) 32
Increase (decrease) in accounts payable and accrued liabilities 14,372 (5,464) 2,932
Increase in deferred revenue 19,788 2,806 8,828
Increase (decrease) in income taxes payable/receivable 273 (794) 889
Decrease in other long-term liabilities (1,860) (525) (1,096)
Net cash provided by operating activities 46,177 27,563 30,452
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (1,602) (4,183) (4,153)
Capitalized curriculum development costs (2,504) (5,082) (2,688)
Acquisition of businesses, net of cash acquired (10,209)   (32)
Purchase of note receivable from bank (Note 17)   (2,600)  
Net cash used for investing activities (14,315) (11,865) (6,873)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from line of credit borrowings   14,870 82,282
Payments on line of credit borrowings   (14,870) (93,619)
Proceeds from term notes payable financing   5,000 20,000
Principal payments on notes payable (5,000) (5,000) (12,813)
Principal payments on financing obligation (2,600) (2,335) (2,092)
Purchases of common stock for treasury (2,971) (13,971) (12)
Payment of contingent consideration liabilities (1,981) (1,297) (653)
Proceeds from sales of common stock held in treasury 1,073 1,046 975
Net cash used for financing activities (11,479) (16,557) (5,932)
Effect of foreign currency exchange rates on cash and cash equivalents (103) 297 (101)
Net increase (decrease) in cash and cash equivalents 20,280 (562) 17,546
Cash and cash equivalents at beginning of the year 27,137 27,699 10,153
Cash and cash equivalents at end of the year 47,417 27,137 27,699
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 1,766 2,057 1,778
Cash paid for interest 2,069 2,280 2,386
Non-cash investing and financing activities:      
Purchases of property and equipment financed by accounts payable $ 399 35 410
License rights acquired through royalties payable financing   4,009  
Use of notes receivable to modify revenue contract (Note 17)   $ 3,246  
Consideration for business acquisition from liabilities of acquiree     $ 798