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v3.22.2.2

Income Taxes (Tables) | 12 Months Ended
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Aug. 31, 2022
Income Taxes [Abstract] |
Benefit (Provision) For Income Taxes From Continuing Operations |
YEAR ENDED |  |  |  |  |  |  |  |
AUGUST 31, |  | 2022 |  |  | 2021 |  |  | 2020
Current: |  |  |  |  |  |  |  |
Federal | $ | - |  | $ | - |  | $ | (15)
State |  | (1,221) |  |  | (286) |  |  | (87)
Foreign |  | (2,202) |  |  | (1,773) |  |  | (1,145)
|  | (3,423) |  |  | (2,059) |  |  | (1,247)
Deferred: |  |  |  |  |  |  |  |
Federal |  | (9,339) |  |  | 2,869 |  |  | 2,306
State |  | (889) |  |  | 13 |  |  | 98
Foreign |  | 24 |  |  | 24 |  |  | (77)
Operating loss carryforward |  | 7,150 |  |  | (3,058) |  |  | (50)
Valuation allowance |  | 2,845 |  |  | 10,546 |  |  | (11,261)
Foreign tax credit carryforward |  |  |  |  |  |  |  |
reduction |  | (2) |  |  | (787) |  |  | -
|  | (211) |  |  | 9,607 |  |  | (8,984)
| $ | (3,634) |  | $ | 7,548 |  | $ | (10,231)
Allocation Of Total Income Tax Provision (Benefit) |
YEAR ENDED |  |  |  |  |  |  |  |
AUGUST 31, |  | 2022 |  |  | 2021 |  |  | 2020
Net income (loss) | $ | (3,634) |  | $ | 7,548 |  | $ | (10,231)
Other comprehensive income (loss) |  | 176 |  |  | 11 |  |  | 16
| $ | (3,458) |  | $ | 7,559 |  | $ | (10,215)
Income (Loss) From Continuing Operations Before Income Taxes |
YEAR ENDED |  |  |  |  |  |  |  |
AUGUST 31, |  | 2022 |  |  | 2021 |  |  | 2020
United States | $ | 21,152 |  | $ | 6,834 |  | $ | 3,062
Foreign |  | 912 |  |  | (759) |  |  | (2,266)
| $ | 22,064 |  | $ | 6,075 |  | $ | 796
Differences Between Income Taxes At The Statutory Federal Income Tax Rate And Income Taxes From Continuing Operations |
YEAR ENDED |  |  |  |  |  |  |  |  |
AUGUST 31, |  | 2022 |  |  | 2021 |  |  | 2020 |
Federal statutory income tax rate |  | (21.0) | % |  | (21.0) | % |  | (21.0) | %
State income taxes, net of federal effect |  | (3.9) |  |  | (1.6) |  |  | 16.9 |
Valuation allowance |  | 12.9 |  |  | 173.6 |  |  | (1,412.9) |
Foreign tax credit carryforward |  |  |  |  |  |  |  |  |
reduction |  | - |  |  | (13.0) |  |  | - |
Executive stock options |  | - |  |  | 7.7 |  |  | 199.9 |
Foreign jurisdictions tax differential |  | (1.1) |  |  | (4.0) |  |  | 1.4 |
Tax differential on income subject |  |  |  |  |  |  |  |  |
to both U.S. and foreign taxes |  | (0.2) |  |  | (0.7) |  |  | 11.9 |
Uncertain tax positions |  | (0.8) |  |  | (3.0) |  |  | 13.8 |
Non-deductible executive compensation |  | (5.5) |  |  | (5.8) |  |  | (18.2) |
Non-deductible meals and entertainment |  | (0.1) |  |  | (0.2) |  |  | (22.3) |
Other stock-based compensation |  | 2.5 |  |  | - |  |  | - |
Payout of deferred compensation (NQDC) |  | - |  |  | - |  |  | 6.1 |
Other |  | 0.7 |  |  | (7.8) |  |  | (59.3) |
|  | (16.5) | % |  | 124.2 | % |  | (1,283.7) | %
Significant Components Of Deferred Tax Assets And Liabilities |
AUGUST 31, |  | 2022 |  |  | 2021
Deferred income tax assets: |  |  |  |  |
Net operating loss carryforward | $ | 11,334 |  | $ | 5,986
Foreign income tax credit |  |  |  |  |
carryforward |  | 4,096 |  |  | 9,466
Sale and financing of corporate |  |  |  |  |
headquarters |  | 2,638 |  |  | 3,307
Stock-based compensation |  | 2,503 |  |  | 2,022
Bonus and other accruals |  | 2,094 |  |  | 2,483
Deferred revenue |  | 1,596 |  |  | 1,075
Inventory and bad debt reserves |  | 1,533 |  |  | 1,551
Other |  | 605 |  |  | 653
Total deferred income tax assets |  | 26,399 |  |  | 26,543
Less: valuation allowance |  | (1,685) |  |  | (4,530)
Net deferred income tax assets |  | 24,714 |  |  | 22,013
Deferred income tax liabilities: |  |  |  |  |
Intangibles step-ups – indefinite lived |  | (5,478) |  |  | (5,461)
Intangibles step-ups – finite lived |  | (3,186) |  |  | (4,008)
Intangible asset impairment and |  |  |  |  |
amortization |  | (3,851) |  |  | (3,537)
Self-constructed tangible assets |  | (3,811) |  |  | -
Deferred commissions |  | (3,187) |  |  | (2,784)
Unremitted earnings of foreign |  |  |  |  |
subsidiaries |  | (388) |  |  | (646)
Property and equipment depreciation |  | (326) |  |  | (1,001)
Total deferred income tax liabilities |  | (20,227) |  |  | (17,437)
Net deferred income taxes | $ | 4,487 |  | $ | 4,576
Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets |
AUGUST 31, |  | 2022 |  |  | 2021
Long-term assets | $ | 4,686 |  | $ | 4,951
Long-term liabilities |  | (199) |  |  | (375)
Net deferred income tax asset | $ | 4,487 |  | $ | 4,576
Summary of Operating Loss Carryforwards |
|  | Loss Carryforward |  |  |  | Loss |  | Loss |  | Operating
Loss Carryforward |  | Expires |  |  |  | Deductions |  | Deductions |  | Loss Carried
for Year Ended |  | August 31, |  | Amount |  | in Prior Years |  | in Current Year |  | Forward
Acquired NOL - Jhana |  |  |  |  |  |  |  |  |  |
December 31, 2015 |  | 2034 | $ | 1,491 | $ | (1,428) | $ | - | $ | 63
December 31, 2016 |  | 2035 |  | 3,052 |  | - |  | - |  | 3,052
July 15, 2017 |  | 2036 |  | 1,117 |  | - |  | - |  | 1,117
|  |  |  | 5,660 |  | (1,428) |  | - |  | 4,232
Acquired NOL - Strive |  |  |  |  |  |  |  |  |  |
December 31, 2018 |  | No Expiration |  | 947 |  | (295) |  | - |  | 652
December 31, 2019 |  | No Expiration |  | 869 |  | - |  | - |  | 869
December 31, 2020 |  | No Expiration |  | 1,133 |  | - |  | - |  | 1,133
April 25, 2021 |  | No Expiration |  | 553 |  | - |  | - |  | 553
|  |  |  | 3,502 |  | (295) |  | - |  | 3,207
August 31, 2022 |  | No Expiration |  | 30,675 |  | - |  | - |  | 30,675
|  |  | $ | 39,837 | $ | (1,723) | $ | - | $ | 38,114
Summary Of Tax Credit Carryforwards |
Credit Generated in |  |  |  |  |  | Credits Used |  | Credits |  | Credits Used |  | Credits
Fiscal Year Ended |  | Credit Expires |  | Credits |  | in Prior |  | Reduced in |  | in Current |  | Carried
August 31, |  | August 31, |  | Generated |  | Years |  | Current Year |  | Year |  | Forward
2018 |  | 2028 | $ | 1,727 | $ | (967) | $ | - | $ | - | $ | 760
2019 |  | 2029 |  | 1,578 |  | (234) |  | - |  | - |  | 1,344
2020 |  | 2030 |  | 1,010 |  | (147) |  | - |  | - |  | 863
2022 |  | 2032 |  | 1,129 |  | - |  | - |  | - |  | 1,129
|  |  | $ | 5,444 | $ | (1,348) | $ | - | $ | - | $ | 4,096
Activity In Deferred Income Tax Asset Valuation Allowance |
YEAR ENDED |  |  |  |  |  |  |  |
AUGUST 31, |  | 2022 |  |  | 2021 |  |  | 2020
Beginning balance | $ | 4,530 |  | $ | 15,076 |  | $ | 3,815
Charged to costs and expenses |  | 683 |  |  | 394 |  |  | 11,269
Deductions |  | (3,528) |  |  | (10,940) |  |  | (8)
Ending balance | $ | 1,685 |  | $ | 4,530 |  | $ | 15,076
Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits |
YEAR ENDED |  |  |  |  |  |  |  |
AUGUST 31, |  | 2022 |  |  | 2021 |  |  | 2020
Beginning balance | $ | 1,594 |  | $ | 1,640 |  | $ | 1,895
Additions based on tax positions |  |  |  |  |  |  |  |
related to the current year |  | 77 |  |  | 349 |  |  | 172
Additions for tax positions in |  |  |  |  |  |  |  |
prior years |  | 207 |  |  | 79 |  |  | 10
Reductions for tax positions of prior |  |  |  |  |  |  |  |
years resulting from the lapse of |  |  |  |  |  |  |  |
applicable statute of limitations |  | - |  |  | (188) |  |  | (289)
Other reductions for tax positions of |  |  |  |  |  |  |  |
prior years |  | (281) |  |  | (286) |  |  | (148)
Ending balance | $ | 1,597 |  | $ | 1,594 |  | $ | 1,640
Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions |
2015-2022 | Australia, Canada, and Japan
2016-2022 | China
2017-2022 | Germany, Switzerland, and Austria
2018-2022 | United Kingdom, Singapore
2018-2022 | United States – state and local income tax
2019-2022 | United States – federal income tax

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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