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v3.22.2

Segment Information (Tables) | 9 Months Ended
--- | ---
May 31, 2022
Segment Information [Abstract] |
Schedule Of Segment Operations |
|  | Sales to |  |  |  |  |  |
Quarter Ended |  | External |  |  |  |  |  | Adjusted
May 31, 2022 |  | Customers |  |  | Gross Profit |  |  | EBITDA
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 47,416 |  | $ | 38,144 |  | $ | 9,978
International licensees |  | 2,610 |  |  | 2,340 |  |  | 1,303
|  | 50,026 |  |  | 40,484 |  |  | 11,281
Education practice |  | 14,439 |  |  | 9,790 |  |  | 1,887
Corporate and eliminations |  | 1,711 |  |  | 858 |  |  | (2,292)
Consolidated | $ | 66,176 |  | $ | 51,132 |  | $ | 10,876
Quarter Ended |  |  |  |  |  |  |  |
May 31, 2021 |  |  |  |  |  |  |  |
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
Three Quarters Ended |  |  |  |  |  |  |  |
May 31, 2022 |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 134,037 |  | $ | 108,294 |  | $ | 28,664
International licensees |  | 8,196 |  |  | 7,344 |  |  | 4,418
|  | 142,233 |  |  | 115,638 |  |  | 33,082
Education practice |  | 37,202 |  |  | 24,749 |  |  | 1,798
Corporate and eliminations |  | 4,600 |  |  | 2,458 |  |  | (6,030)
Consolidated | $ | 184,035 |  | $ | 142,845 |  | $ | 28,850
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
Reconciliation Of Adjusted EBITDA |
| Quarter Ended |  | Three Quarters Ended
|  | May 31, |  |  | May 31, |  |  | May 31, |  |  | May 31,
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021
Segment Adjusted EBITDA | $ | 13,168 |  | $ | 10,847 |  | $ | 34,880 |  | $ | 23,327
Corporate expenses |  | (2,292) |  |  | (2,284) |  |  | (6,030) |  |  | (5,925)
Consolidated Adjusted EBITDA |  | 10,876 |  |  | 8,563 |  |  | 28,850 |  |  | 17,402
Stock-based compensation |  | (2,369) |  |  | (2,370) |  |  | (5,987) |  |  | (5,127)
Increase in the fair value of |  |  |  |  |  |  |  |  |  |  |
contingent consideration liabilities |  | (12) |  |  | (118) |  |  | (60) |  |  | (164)
Business acquisition costs |  | - |  |  | (300) |  |  | - |  |  | (300)
Government COVID-19 assistance |  | - |  |  | - |  |  | - |  |  | 234
Gain from insurance settlement |  | - |  |  | - |  |  | - |  |  | 150
Depreciation |  | (1,217) |  |  | (1,423) |  |  | (3,686) |  |  | (4,904)
Amortization |  | (1,329) |  |  | (1,238) |  |  | (4,106) |  |  | (3,503)
Income from operations |  | 5,949 |  |  | 3,114 |  |  | 15,011 |  |  | 3,788
Interest income |  | 21 |  |  | 16 |  |  | 48 |  |  | 56
Interest expense |  | (405) |  |  | (525) |  |  | (1,274) |  |  | (1,633)
Income before income taxes |  | 5,565 |  |  | 2,605 |  |  | 13,785 |  |  | 2,211
Income tax benefit (provision) |  | 1,597 |  |  | 10,149 |  |  | (933) |  |  | 9,605
Net income | $ | 7,162 |  | $ | 12,754 |  | $ | 12,852 |  | $ | 11,816
Schedule Of Revenue Disaggregated 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,
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021
Americas | $ | 56,081 |  | $ | 47,524 |  | $ | 151,283 |  | $ | 124,679
Asia Pacific |  | 5,609 |  |  | 7,922 |  |  | 19,896 |  |  | 21,351
Europe/Middle East/Africa |  | 4,486 |  |  | 3,290 |  |  | 12,856 |  |  | 9,193
| $ | 66,176 |  | $ | 58,736 |  | $ | 184,035 |  | $ | 155,223
‎ The following table presents our revenue disaggregated by type of service (in thousands).
Quarter Ended |  | Services and |  |  |  |  |  |  |  |  | Leases and |  |  |
May 31, 2022 |  | Products |  |  | Subscriptions |  |  | Royalties |  |  | Other |  |  | Consolidated
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 24,647 |  | $ | 22,101 |  | $ | 668 |  | $ | - |  | $ | 47,416
International licensees |  | 87 |  |  | 331 |  |  | 2,192 |  |  | - |  |  | 2,610
|  | 24,734 |  |  | 22,432 |  |  | 2,860 |  |  | - |  |  | 50,026
Education practice |  | 5,780 |  |  | 8,185 |  |  | 474 |  |  | - |  |  | 14,439
Corporate and eliminations |  | - |  |  | - |  |  | 315 |  |  | 1,396 |  |  | 1,711
Consolidated | $ | 30,514 |  | $ | 30,617 |  | $ | 3,649 |  | $ | 1,396 |  | $ | 66,176
Quarter Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
May 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |
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
Three Quarters Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
May 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 68,710 |  | $ | 63,167 |  | $ | 2,160 |  | $ | - |  | $ | 134,037
International licensees |  | 299 |  |  | 936 |  |  | 6,961 |  |  | - |  |  | 8,196
|  | 69,009 |  |  | 64,103 |  |  | 9,121 |  |  | - |  |  | 142,233
Education practice |  | 11,850 |  |  | 23,157 |  |  | 2,195 |  |  | - |  |  | 37,202
Corporate and eliminations |  | - |  |  | - |  |  | 879 |  |  | 3,721 |  |  | 4,600
Consolidated | $ | 80,859 |  | $ | 87,260 |  | $ | 12,195 |  | $ | 3,721 |  | $ | 184,035
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

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