XML 50 R37.htm IDEA: XBRL DOCUMENT v3.23.3

Income Taxes (Tables)

12 Months Ended

Aug. 31, 2023

Income Taxes [Abstract]

Benefit (Provision) For Income Taxes From Continuing Operations

YEAR ENDED
AUGUST 31,		2023			2022			2021
Current:
Federal	$	-		$	-		$	-
State		(791)			(1,221)			(286)
Foreign		(2,389)			(2,202)			(1,773)
		(3,180)			(3,423)			(2,059)
Deferred:
Federal		1,545			(9,339)			2,869
State		225			(889)			13
Foreign		216			24			24
Operating loss carryforward		(7,201)			7,150			(3,058)
Valuation allowance		372			2,845			10,546
Foreign tax credit carryforward
reduction		(65)			(2)			(787)
		(4,908)			(211)			9,607
	$	(8,088)		$	(3,634)		$	7,548

Allocation Of Total Income Tax Provision (Benefit)

YEAR ENDED
AUGUST 31,		2023			2022			2021
Net income	$	(8,088)		$	(3,634)		$	7,548
Other comprehensive income		(80)			176			11
	$	(8,168)		$	(3,458)		$	7,559

Income From Continuing Operations Before Income Taxes

YEAR ENDED
AUGUST 31,		2023			2022			2021
United States	$	23,574		$	21,152		$	6,834
Foreign		2,295			912			(759)
	$	25,869		$	22,064		$	6,075

Differences Between Income Taxes At The Statutory Federal Income Tax Rate And Income Taxes From Continuing Operations

YEAR ENDED
AUGUST 31,		2023			2022			2021
Federal statutory income tax rate		(21.0)	%		(21.0)	%		(21.0)	%
State income taxes, net of federal effect		(4.7)			(3.9)			(1.6)
Valuation allowance		1.4			12.9			173.6
Foreign tax credit carryforward
reduction		(0.3)			-			(13.0)
Executive stock options		-			-			7.7
Foreign jurisdictions tax differential		(0.2)			(1.1)			(4.0)
Tax differential on income subject
to both U.S. and foreign taxes		(1.4)			(0.2)			(0.7)
Uncertain tax positions		(0.9)			(0.8)			(3.0)
Non-deductible executive compensation		(3.6)			(5.5)			(5.8)
Non-deductible meals and entertainment		(0.7)			(0.1)			(0.2)
Other stock-based compensation		(0.4)			2.5			-
Other		0.5			0.7			(7.8)
		(31.3)	%		(16.5)	%		124.2	%

Significant Components Of Deferred Tax Assets And Liabilities

AUGUST 31,		2023			2022
Deferred income tax assets:
Net operating loss carryforward	$	6,505		$	11,334
Foreign income tax credit
carryforward		4,253			4,096
Stock-based compensation		4,222			2,503
Sale and financing of corporate
headquarters		1,899			2,638
Deferred revenue		1,677			1,596
Bonus and other accruals		1,517			2,094
Capitalized development costs		1,236			-
Inventory and bad debt reserves		1,094			1,533
Other		458			605
Total deferred income tax assets		22,861			26,399
Less: valuation allowance		(1,313)			(1,685)
Net deferred income tax assets		21,548			24,714
Deferred income tax liabilities:
Intangibles step-ups – indefinite lived		(5,522)			(5,478)
Intangibles step-ups – finite lived		(2,541)			(3,186)
Self-constructed tangible assets		(5,476)			(3,811)
Intangible asset amortization		(4,189)			(3,851)
Deferred commissions		(3,598)			(3,187)
Unremitted earnings of foreign
subsidiaries		(521)			(388)
Property and equipment depreciation		(80)			(326)
Total deferred income tax liabilities		(21,927)			(20,227)
Net deferred income taxes	$	(379)		$	4,487

Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets

AUGUST 31,		2023			2022
Long-term assets	$	1,661		$	4,686
Long-term liabilities		(2,040)			(199)
Net deferred income tax asset	$	(379)		$	4,487

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		-		(908)		2,144
July 15, 2017		2036		1,117		-		-		1,117
				5,660		(1,428)		(971)		3,261
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		-		(160)		973
April 25, 2021		No Expiration		553		-		-		553
				3,502		(295)		(1,681)		1,526
August 31, 2022		No Expiration		40,996		-		(27,790)		13,206
			$	50,158	$	(1,723)	$	(30,442)	$	17,993

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	$	(965)	$	(21)	$	-	$	741
2019		2029		1,578		(234)		-		-		1,344
2020		2030		1,010		(147)		(18)		-		845
2022		2032		1,216		-		(25)		-		1,191
2023		2033		1,061		-		-		(929)		132
			$	6,592	$	(1,346)	$	(64)	$	(929)	$	4,253

Activity In Deferred Income Tax Asset Valuation Allowance

YEAR ENDED
AUGUST 31,		2023			2022			2021
Beginning balance	$	1,685		$	4,530		$	15,076
Charged to costs and expenses		212			683			394
Deductions		(584)			(3,528)			(10,940)
Ending balance	$	1,313		$	1,685		$	4,530

Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits

YEAR ENDED
AUGUST 31,		2023			2022			2021
Beginning balance	$	1,597		$	1,594		$	1,640
Additions based on tax positions
related to the current year		188			77			349
Additions for tax positions in
prior years		290			207			79
Reductions for tax positions of prior
years resulting from the lapse of
applicable statute of limitations		(186)			-			(188)
Other reductions for tax positions of
prior years		(271)			(281)			(286)
Ending balance	$	1,618		$	1,597		$	1,594

Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions

2016-2023	Australia, Canada, and Japan
2016-2023	China
2018-2023	Germany, Switzerland, and Austria
2019-2023	United Kingdom, Singapore
2019-2023	United States – state and local income tax
2020-2023	United States – federal income tax

X

- Definition

Allocation Of Total Income Tax Benefit (Provision) [Table Text Block]

+ References

No definition available.

+ Details

Name:	fc_AllocationOfTotalIncomeTaxBenefitProvisionTableTextBlock
Namespace Prefix:	fc_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets [Table Text Block]

+ References

No definition available.

+ Details

Name:	fc_DeferredIncomeTaxAmountsRecordedOnConsolidatedBalanceSheetsTableTextBlock
Namespace Prefix:	fc_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Open Tax Years [Table Text Block]

+ References

No definition available.

+ Details

Name:	fc_OpenTaxYearsTableTextBlock
Namespace Prefix:	fc_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration