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v3.21.1

Segment Information (Tables) | 6 Months Ended
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Feb. 28, 2021
Segment Information [Abstract] |
Schedule Of Segment Operations |
|  | Sales to |  |  |  |
Quarter Ended |  | External |  |  |  | Adjusted
February 28, 2021 |  | Customers |  | Gross Profit |  | EBITDA
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 35,738 | $ | 29,084 | $ | 6,131
International licensees |  | 2,429 |  | 2,100 |  | 1,505
|  | 38,167 |  | 31,184 |  | 7,636
Education practice |  | 8,478 |  | 5,344 |  | (858)
Corporate and eliminations |  | 1,517 |  | 812 |  | (1,655)
Consolidated | $ | 48,162 | $ | 37,340 | $ | 5,123
Quarter Ended |  |  |  |  |  |
February 29, 2020 |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 37,973 | $ | 28,702 | $ | 4,734
International licensees |  | 2,691 |  | 2,237 |  | 1,384
|  | 40,664 |  | 30,939 |  | 6,118
Education practice |  | 10,893 |  | 6,460 |  | (1,068)
Corporate and eliminations |  | 2,188 |  | 1,267 |  | (994)
Consolidated | $ | 53,745 | $ | 38,666 | $ | 4,056
Two Quarters Ended |  |  |  |  |  |
February 28, 2021 |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 72,481 | $ | 58,523 | $ | 12,827
International licensees |  | 5,026 |  | 4,385 |  | 2,795
|  | 77,507 |  | 62,908 |  | 15,622
Education practice |  | 15,975 |  | 9,331 |  | (3,142)
Corporate and eliminations |  | 3,004 |  | 1,487 |  | (3,641)
Consolidated | $ | 96,486 | $ | 73,726 | $ | 8,839
Two Quarters Ended |  |  |  |  |  |
February 29, 2020 |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 80,085 | $ | 60,113 | $ | 10,444
International licensees |  | 6,411 |  | 5,357 |  | 3,419
|  | 86,496 |  | 65,470 |  | 13,863
Education practice |  | 21,974 |  | 13,117 |  | (2,171)
Corporate and eliminations |  | 3,887 |  | 2,108 |  | (2,675)
Consolidated | $ | 112,357 | $ | 80,695 | $ | 9,017
Reconciliation Of Adjusted EBITDA |
| Quarter Ended |  | Two Quarters Ended
|  | February 28, |  |  | February 29, |  |  | February 28, |  |  | February 29,
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020
Segment Adjusted EBITDA | $ | 6,778 |  | $ | 5,050 |  | $ | 12,480 |  | $ | 11,692
Corporate expenses |  | (1,655) |  |  | (994) |  |  | (3,641) |  |  | (2,675)
Consolidated Adjusted EBITDA |  | 5,123 |  |  | 4,056 |  |  | 8,839 |  |  | 9,017
Stock-based compensation |  | (1,599) |  |  | (1,793) |  |  | (2,757) |  |  | (3,644)
Increase (decrease) in the fair value of |  |  |  |  |  |  |  |  |  |  |
contingent consideration liabilities |  | 16 |  |  | 182 |  |  | (46) |  |  | 91
Government COVID-19 assistance |  | 27 |  |  | - |  |  | 234 |  |  | -
Knowledge Capital wind-down costs |  | - |  |  | - |  |  | - |  |  | (389)
Gain from insurance settlement |  | 150 |  |  | - |  |  | 150 |  |  | -
Depreciation |  | (1,740) |  |  | (1,653) |  |  | (3,481) |  |  | (3,273)
Amortization |  | (1,133) |  |  | (1,170) |  |  | (2,265) |  |  | (2,340)
Income (loss) from operations |  | 844 |  |  | (378) |  |  | 674 |  |  | (538)
Interest income |  | 16 |  |  | 13 |  |  | 40 |  |  | 18
Interest expense |  | (540) |  |  | (557) |  |  | (1,108) |  |  | (1,162)
Income (loss) before income taxes |  | 320 |  |  | (922) |  |  | (394) |  |  | (1,682)
Income tax benefit (provision) |  | (366) |  |  | 2,019 |  |  | (544) |  |  | 2,235
Net income (loss) | $ | (46) |  | $ | 1,097 |  | $ | (938) |  | $ | 553
Disaggregation Of Revenue By Category | The following table presents our revenue disaggregated by geographic region (in thousands).
| Quarter Ended |  | Two Quarters Ended
|  | February 28, |  |  | February 29, |  |  | February 28, |  |  | February 29,
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020
Americas | $ | 38,828 |  | $ | 42,721 |  | $ | 77,155 |  | $ | 86,756
Asia Pacific |  | 6,622 |  |  | 7,089 |  |  | 13,428 |  |  | 17,228
Europe/Middle East/Africa |  | 2,712 |  |  | 3,935 |  |  | 5,903 |  |  | 8,373
| $ | 48,162 |  | $ | 53,745 |  | $ | 96,486 |  | $ | 112,357
‎ The following table presents our revenue disaggregated by type of service (in thousands).
Quarter Ended |  | Services and |  |  |  |  |  | Leases and |  |
February 28, 2021 |  | Products |  | Subscriptions |  | Royalties |  | Other |  | Consolidated
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 17,912 | $ | 17,132 | $ | 694 | $ | - | $ | 35,738
International licensees |  | 522 |  | - |  | 1,907 |  | - |  | 2,429
|  | 18,434 |  | 17,132 |  | 2,601 |  | - |  | 38,167
Education practice |  | 1,797 |  | 5,731 |  | 950 |  | - |  | 8,478
Corporate and eliminations |  | - |  | - |  | 373 |  | 1,144 |  | 1,517
Consolidated | $ | 20,231 | $ | 22,863 | $ | 3,924 | $ | 1,144 | $ | 48,162
Quarter Ended |  |  |  |  |  |  |  |  |  |
February 29, 2020 |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 21,644 | $ | 15,172 | $ | 1,157 | $ | - | $ | 37,973
International licensees |  | 410 |  | - |  | 2,281 |  | - |  | 2,691
|  | 22,054 |  | 15,172 |  | 3,438 |  | - |  | 40,664
Education practice |  | 2,950 |  | 6,192 |  | 1,751 |  | - |  | 10,893
Corporate and eliminations |  | - |  | - |  | 935 |  | 1,253 |  | 2,188
Consolidated | $ | 25,004 | $ | 21,364 | $ | 6,124 | $ | 1,253 | $ | 53,745
Two Quarters Ended |  |  |  |  |  |  |  |  |  |
February 28, 2021 |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 37,323 | $ | 33,747 | $ | 1,411 | $ | - | $ | 72,481
International licensees |  | 854 |  | - |  | 4,172 |  | - |  | 5,026
|  | 38,177 |  | 33,747 |  | 5,583 |  | - |  | 77,507
Education practice |  | 3,721 |  | 10,805 |  | 1,449 |  | - |  | 15,975
Corporate and eliminations |  | - |  | - |  | 708 |  | 2,296 |  | 3,004
Consolidated | $ | 41,898 | $ | 44,552 | $ | 7,740 | $ | 2,296 | $ | 96,486
Two Quarters Ended |  |  |  |  |  |  |  |  |  |
February 29, 2020 |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 48,895 | $ | 29,461 | $ | 1,729 | $ | - | $ | 80,085
International licensees |  | 1,000 |  | - |  | 5,411 |  | - |  | 6,411
|  | 49,895 |  | 29,461 |  | 7,140 |  | - |  | 86,496
Education practice |  | 6,535 |  | 13,010 |  | 2,429 |  | - |  | 21,974
Corporate and eliminations |  | - |  | - |  | 1,314 |  | 2,573 |  | 3,887
Consolidated | $ | 56,430 | $ | 42,471 | $ | 10,883 | $ | 2,573 | $ | 112,357

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