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v3.21.2

Segment Information (Tables) | 9 Months Ended
--- | ---
May 31, 2021
Segment Information [Abstract] |
Schedule Of Segment Operations |
|  | Sales to |  |  |  |
Quarter Ended |  | External |  |  |  | Adjusted
May 31, 2021 |  | Customers |  | Gross Profit |  | EBITDA
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 42,704 | $ | 34,678 | $ | 8,894
International licensees |  | 2,395 |  | 2,069 |  | 821
|  | 45,099 |  | 36,747 |  | 9,715
Education practice |  | 11,899 |  | 8,179 |  | 1,132
Corporate and eliminations |  | 1,738 |  | 981 |  | (2,284)
Consolidated | $ | 58,736 | $ | 45,907 | $ | 8,563
Quarter Ended |  |  |  |  |  |
May 31, 2020 |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 26,760 | $ | 21,108 | $ | 352
International licensees |  | 708 |  | 339 |  | (724)
|  | 27,468 |  | 21,447 |  | (372)
Education practice |  | 8,216 |  | 4,711 |  | (1,536)
Corporate and eliminations |  | 1,421 |  | 663 |  | (1,734)
Consolidated | $ | 37,105 | $ | 26,821 | $ | (3,642)
Three Quarters Ended |  |  |  |  |  |
May 31, 2021 |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 115,185 | $ | 93,201 | $ | 21,729
International licensees |  | 7,421 |  | 6,454 |  | 3,608
|  | 122,606 |  | 99,655 |  | 25,337
Education practice |  | 27,874 |  | 17,510 |  | (2,010)
Corporate and eliminations |  | 4,743 |  | 2,469 |  | (5,925)
Consolidated | $ | 155,223 | $ | 119,634 | $ | 17,402
Three Quarters Ended |  |  |  |  |  |
May 31, 2020 |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |
Direct offices | $ | 106,844 | $ | 81,221 | $ | 10,796
International licensees |  | 7,120 |  | 5,696 |  | 2,696
|  | 113,964 |  | 86,917 |  | 13,492
Education practice |  | 30,190 |  | 17,828 |  | (3,707)
Corporate and eliminations |  | 5,309 |  | 2,772 |  | (4,410)
Consolidated | $ | 149,463 | $ | 107,517 | $ | 5,375
Reconciliation Of Adjusted EBITDA |
| Quarter Ended |  | Three Quarters Ended
|  | May 31, |  |  | May 31, |  |  | May 31, |  |  | May 31,
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020
Segment Adjusted EBITDA | $ | 10,847 |  | $ | (1,908) |  | $ | 23,327 |  | $ | 9,785
Corporate expenses |  | (2,284) |  |  | (1,734) |  |  | (5,925) |  |  | (4,410)
Consolidated Adjusted EBITDA |  | 8,563 |  |  | (3,642) |  |  | 17,402 |  |  | 5,375
Stock-based compensation |  | (2,370) |  |  | 5,104 |  |  | (5,127) |  |  | 1,460
Business acquisition costs |  | (300) |  |  | - |  |  | (300) |  |  | -
Decrease (increase) in the fair value of |  |  |  |  |  |  |  |  |  |  |
contingent consideration liabilities |  | (118) |  |  | 276 |  |  | (164) |  |  | 367
Government COVID-19 assistance |  | - |  |  | - |  |  | 234 |  |  | -
Knowledge Capital wind-down costs |  | - |  |  | - |  |  | - |  |  | (389)
Gain from insurance settlement |  | - |  |  | 933 |  |  | 150 |  |  | 933
Depreciation |  | (1,423) |  |  | (1,652) |  |  | (4,904) |  |  | (4,925)
Amortization |  | (1,238) |  |  | (1,164) |  |  | (3,503) |  |  | (3,504)
Income (loss) from operations |  | 3,114 |  |  | (145) |  |  | 3,788 |  |  | (683)
Interest income |  | 16 |  |  | 18 |  |  | 56 |  |  | 36
Interest expense |  | (525) |  |  | (621) |  |  | (1,633) |  |  | (1,783)
Income (loss) before income taxes |  | 2,605 |  |  | (748) |  |  | 2,211 |  |  | (2,430)
Income tax benefit (provision) |  | 10,149 |  |  | (10,220) |  |  | 9,605 |  |  | (7,985)
Net income (loss) | $ | 12,754 |  | $ | (10,968) |  | $ | 11,816 |  | $ | (10,415)
Disaggregation Of Revenue By Category | The following table presents our revenue disaggregated by geographic region (in thousands).
| Quarter Ended |  | Three Quarters Ended
|  | May 31, |  |  | May 31, |  |  | May 31, |  |  | May 31,
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020
Americas | $ | 47,524 |  | $ | 32,788 |  | $ | 124,679 |  | $ | 119,545
Asia Pacific |  | 7,922 |  |  | 2,759 |  |  | 21,351 |  |  | 19,987
Europe/Middle East/Africa |  | 3,290 |  |  | 1,558 |  |  | 9,193 |  |  | 9,931
| $ | 58,736 |  | $ | 37,105 |  | $ | 155,223 |  | $ | 149,463
‎ The following table presents our revenue disaggregated by type of service (in thousands).
Quarter Ended |  | Services and |  |  |  |  |  | Leases and |  |
May 31, 2021 |  | Products |  | Subscriptions |  | Royalties |  | Other |  | Consolidated
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 23,266 | $ | 18,752 | $ | 686 | $ | - | $ | 42,704
International licensees |  | 412 |  | - |  | 1,983 |  | - |  | 2,395
|  | 23,678 |  | 18,752 |  | 2,669 |  | - |  | 45,099
Education practice |  | 4,298 |  | 7,171 |  | 430 |  | - |  | 11,899
Corporate and eliminations |  | - |  | - |  | 345 |  | 1,393 |  | 1,738
Consolidated | $ | 27,976 | $ | 25,923 | $ | 3,444 | $ | 1,393 | $ | 58,736
Quarter Ended |  |  |  |  |  |  |  |  |  |
May 31, 2020 |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 10,051 | $ | 15,965 | $ | 744 | $ | - | $ | 26,760
International licensees |  | 191 |  | - |  | 517 |  | - |  | 708
|  | 10,242 |  | 15,965 |  | 1,261 |  | - |  | 27,468
Education practice |  | 1,373 |  | 6,286 |  | 557 |  | - |  | 8,216
Corporate and eliminations |  | - |  | - |  | 334 |  | 1,087 |  | 1,421
Consolidated | $ | 11,615 | $ | 22,251 | $ | 2,152 | $ | 1,087 | $ | 37,105
Three Quarters Ended |  |  |  |  |  |  |  |  |  |
May 31, 2021 |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 60,589 | $ | 52,499 | $ | 2,097 | $ | - | $ | 115,185
International licensees |  | 1,267 |  | - |  | 6,154 |  | - |  | 7,421
|  | 61,856 |  | 52,499 |  | 8,251 |  | - |  | 122,606
Education practice |  | 8,018 |  | 17,977 |  | 1,879 |  | - |  | 27,874
Corporate and eliminations |  | - |  | - |  | 1,053 |  | 3,690 |  | 4,743
Consolidated | $ | 69,874 | $ | 70,476 | $ | 11,183 | $ | 3,690 | $ | 155,223
Three Quarters Ended |  |  |  |  |  |  |  |  |  |
May 31, 2020 |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 58,946 | $ | 45,425 | $ | 2,473 | $ | - | $ | 106,844
International licensees |  | 1,191 |  | - |  | 5,929 |  | - |  | 7,120
|  | 60,137 |  | 45,425 |  | 8,402 |  | - |  | 113,964
Education practice |  | 7,908 |  | 19,296 |  | 2,986 |  | - |  | 30,190
Corporate and eliminations |  | - |  | - |  | 1,649 |  | 3,660 |  | 5,309
Consolidated | $ | 68,045 | $ | 64,721 | $ | 13,037 | $ | 3,660 | $ | 149,463

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