XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.23.1

Segment Information (Tables) | 6 Months Ended
--- | ---
Feb. 28, 2023
Segment Information [Abstract] |
Schedule Of Segment Operations |
|  | Sales to |  |  |  |  |  |
Quarter Ended |  | External |  |  |  |  |  | Adjusted
February 28, 2023 |  | Customers |  |  | Gross Profit |  |  | EBITDA
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 43,646 |  | $ | 35,854 |  | $ | 9,641
International licensees |  | 2,935 |  |  | 2,659 |  |  | 1,541
|  | 46,581 |  |  | 38,513 |  |  | 11,182
Education practice |  | 14,198 |  |  | 8,392 |  |  | (622)
Corporate and eliminations |  | 977 |  |  | 305 |  |  | (2,373)
Consolidated | $ | 61,756 |  | $ | 47,210 |  | $ | 8,187
Quarter Ended |  |  |  |  |  |  |  |
February 28, 2022 |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 41,502 |  | $ | 33,948 |  | $ | 8,732
International licensees |  | 2,588 |  |  | 2,304 |  |  | 1,444
|  | 44,090 |  |  | 36,252 |  |  | 10,176
Education practice |  | 11,066 |  |  | 7,098 |  |  | (324)
Corporate and eliminations |  | 1,443 |  |  | 764 |  |  | (1,810)
Consolidated | $ | 56,599 |  | $ | 44,114 |  | $ | 8,042
Two Quarters Ended |  |  |  |  |  |  |  |
February 28, 2023 |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 93,812 |  | $ | 75,775 |  | $ | 20,890
International licensees |  | 6,213 |  |  | 5,635 |  |  | 3,372
|  | 100,025 |  |  | 81,410 |  |  | 24,262
Education practice |  | 28,549 |  |  | 17,568 |  |  | (341)
Corporate and eliminations |  | 2,551 |  |  | 974 |  |  | (4,262)
Consolidated | $ | 131,125 |  | $ | 99,952 |  | $ | 19,659
Two Quarters Ended |  |  |  |  |  |  |  |
February 28, 2022 |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 86,621 |  | $ | 70,150 |  | $ | 18,686
International licensees |  | 5,586 |  |  | 5,005 |  |  | 3,115
|  | 92,207 |  |  | 75,155 |  |  | 21,801
Education practice |  | 22,763 |  |  | 14,959 |  |  | (89)
Corporate and eliminations |  | 2,889 |  |  | 1,599 |  |  | (3,738)
Consolidated | $ | 117,859 |  | $ | 91,713 |  | $ | 17,974
Reconciliation Of Adjusted EBITDA |
| Quarter Ended |  | Two Quarters Ended
|  | February 28, |  |  | February 28, |  |  | February 28, |  |  | February 28,
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022
Segment Adjusted EBITDA | $ | 10,560 |  | $ | 9,852 |  | $ | 23,921 |  | $ | 21,712
Corporate expenses |  | (2,373) |  |  | (1,810) |  |  | (4,262) |  |  | (3,738)
Consolidated Adjusted EBITDA |  | 8,187 |  |  | 8,042 |  |  | 19,659 |  |  | 17,974
Stock-based compensation |  | (3,315) |  |  | (1,969) |  |  | (6,050) |  |  | (3,618)
Increase in the fair value of |  |  |  |  |  |  |  |  |  |  |
contingent consideration liabilities |  | - |  |  | (20) |  |  | (7) |  |  | (48)
Depreciation |  | (951) |  |  | (1,190) |  |  | (2,196) |  |  | (2,470)
Amortization |  | (1,093) |  |  | (1,346) |  |  | (2,185) |  |  | (2,776)
Income from operations |  | 2,828 |  |  | 3,517 |  |  | 9,221 |  |  | 9,062
Interest income |  | 362 |  |  | 12 |  |  | 442 |  |  | 27
Interest expense |  | (409) |  |  | (423) |  |  | (819) |  |  | (869)
Income before income taxes |  | 2,781 |  |  | 3,106 |  |  | 8,844 |  |  | 8,220
Income tax provision |  | (1,042) |  |  | (1,228) |  |  | (2,438) |  |  | (2,530)
Net income | $ | 1,739 |  | $ | 1,878 |  | $ | 6,406 |  | $ | 5,690
Schedule Of Revenue Disaggregated By Category | The following table presents our revenue disaggregated by geographic region (in thousands).
| Quarter Ended |  | Two Quarters Ended
|  | February 28, |  |  | February 28, |  |  | February 28, |  |  | February 28,
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022
Americas | $ | 51,638 |  | $ | 46,447 |  | $ | 108,380 |  | $ | 95,202
Asia Pacific |  | 5,925 |  |  | 6,489 |  |  | 13,383 |  |  | 14,287
Europe/Middle East/Africa |  | 4,193 |  |  | 3,663 |  |  | 9,362 |  |  | 8,370
| $ | 61,756 |  | $ | 56,599 |  | $ | 131,125 |  | $ | 117,859
‎ The following table presents our revenue disaggregated by type of service (in thousands).
Quarter Ended |  | Services and |  |  |  |  |  |  |  |  | Leases and |  |  |
February 28, 2023 |  | Products |  |  | Subscriptions |  |  | Royalties |  |  | Other |  |  | Consolidated
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 19,086 |  | $ | 23,711 |  | $ | 849 |  | $ | - |  | $ | 43,646
International licensees |  | 43 |  |  | 343 |  |  | 2,549 |  |  | - |  |  | 2,935
|  | 19,129 |  |  | 24,054 |  |  | 3,398 |  |  | - |  |  | 46,581
Education practice |  | 4,110 |  |  | 8,860 |  |  | 1,228 |  |  | - |  |  | 14,198
Corporate and eliminations |  | - |  |  | - |  |  | 308 |  |  | 669 |  |  | 977
Consolidated | $ | 23,239 |  | $ | 32,914 |  | $ | 4,934 |  | $ | 669 |  | $ | 61,756
Quarter Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 28, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 20,212 |  | $ | 20,553 |  | $ | 737 |  | $ | - |  | $ | 41,502
International licensees |  | 99 |  |  | 313 |  |  | 2,176 |  |  | - |  |  | 2,588
|  | 20,311 |  |  | 20,866 |  |  | 2,913 |  |  | - |  |  | 44,090
Education practice |  | 2,844 |  |  | 7,128 |  |  | 1,094 |  |  | - |  |  | 11,066
Corporate and eliminations |  | - |  |  | - |  |  | 220 |  |  | 1,223 |  |  | 1,443
Consolidated | $ | 23,155 |  | $ | 27,994 |  | $ | 4,227 |  | $ | 1,223 |  | $ | 56,599
Two Quarters Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 45,303 |  | $ | 47,201 |  | $ | 1,308 |  | $ | - |  | $ | 93,812
International licensees |  | 186 |  |  | 695 |  |  | 5,332 |  |  | - |  |  | 6,213
|  | 45,489 |  |  | 47,896 |  |  | 6,640 |  |  | - |  |  | 100,025
Education practice |  | 8,610 |  |  | 18,044 |  |  | 1,895 |  |  | - |  |  | 28,549
Corporate and eliminations |  | - |  |  | - |  |  | 624 |  |  | 1,927 |  |  | 2,551
Consolidated | $ | 54,099 |  | $ | 65,940 |  | $ | 9,159 |  | $ | 1,927 |  | $ | 131,125
Two Quarters Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 28, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 44,063 |  | $ | 41,065 |  | $ | 1,493 |  | $ | - |  | $ | 86,621
International licensees |  | 212 |  |  | 605 |  |  | 4,769 |  |  | - |  |  | 5,586
|  | 44,275 |  |  | 41,670 |  |  | 6,262 |  |  | - |  |  | 92,207
Education practice |  | 6,070 |  |  | 14,972 |  |  | 1,721 |  |  | - |  |  | 22,763
Corporate and eliminations |  | - |  |  | - |  |  | 564 |  |  | 2,325 |  |  | 2,889
Consolidated | $ | 50,345 |  | $ | 56,642 |  | $ | 8,547 |  | $ | 2,325 |  | $ | 117,859

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration