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v3.23.2

Segment Information (Tables) | 9 Months Ended
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May 31, 2023
Segment Information [Abstract] |
Schedule Of Segment Operations |
|  | Sales to |  |  |  |  |  |
Quarter Ended |  | External |  |  |  |  |  | Adjusted
May 31, 2023 |  | Customers |  |  | Gross Profit |  |  | EBITDA
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 50,382 |  | $ | 40,425 |  | $ | 11,322
International licensees |  | 2,835 |  |  | 2,549 |  |  | 1,415
|  | 53,217 |  |  | 42,974 |  |  | 12,737
Education practice |  | 17,082 |  |  | 10,929 |  |  | 1,649
Corporate and eliminations |  | 1,142 |  |  | 330 |  |  | (2,487)
Consolidated | $ | 71,441 |  | $ | 54,233 |  | $ | 11,899
Quarter Ended |  |  |  |  |  |  |  |
May 31, 2022 |  |  |  |  |  |  |  |
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
Three Quarters Ended |  |  |  |  |  |  |  |
May 31, 2023 |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 144,194 |  | $ | 116,199 |  | $ | 32,212
International licensees |  | 9,048 |  |  | 8,184 |  |  | 4,787
|  | 153,242 |  |  | 124,383 |  |  | 36,999
Education practice |  | 45,631 |  |  | 28,497 |  |  | 1,309
Corporate and eliminations |  | 3,692 |  |  | 1,305 |  |  | (6,750)
Consolidated | $ | 202,565 |  | $ | 154,185 |  | $ | 31,558
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
Reconciliation Of Adjusted EBITDA |
| Quarter Ended |  | Three Quarters Ended
|  | May 31, |  |  | May 31, |  |  | May 31, |  |  | May 31,
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022
Segment Adjusted EBITDA | $ | 14,386 |  | $ | 13,168 |  | $ | 38,308 |  | $ | 34,880
Corporate expenses |  | (2,487) |  |  | (2,292) |  |  | (6,750) |  |  | (6,030)
Consolidated Adjusted EBITDA |  | 11,899 |  |  | 10,876 |  |  | 31,558 |  |  | 28,850
Stock-based compensation |  | (3,307) |  |  | (2,369) |  |  | (9,357) |  |  | (5,987)
Increase in the fair value of |  |  |  |  |  |  |  |  |  |  |
contingent consideration liabilities |  | - |  |  | (12) |  |  | (7) |  |  | (60)
Depreciation |  | (934) |  |  | (1,217) |  |  | (3,131) |  |  | (3,686)
Amortization |  | (1,086) |  |  | (1,329) |  |  | (3,270) |  |  | (4,106)
Income from operations |  | 6,572 |  |  | 5,949 |  |  | 15,793 |  |  | 15,011
Interest income |  | 362 |  |  | 21 |  |  | 804 |  |  | 48
Interest expense |  | (354) |  |  | (405) |  |  | (1,173) |  |  | (1,274)
Income before income taxes |  | 6,580 |  |  | 5,565 |  |  | 15,424 |  |  | 13,785
Income tax benefit (provision) |  | (2,017) |  |  | 1,597 |  |  | (4,455) |  |  | (933)
Net income | $ | 4,563 |  | $ | 7,162 |  | $ | 10,969 |  | $ | 12,852
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,
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022
Americas | $ | 59,456 |  | $ | 56,081 |  | $ | 167,835 |  | $ | 151,283
Asia Pacific |  | 7,418 |  |  | 5,609 |  |  | 20,801 |  |  | 19,896
Europe/Middle East/Africa |  | 4,567 |  |  | 4,486 |  |  | 13,929 |  |  | 12,856
| $ | 71,441 |  | $ | 66,176 |  | $ | 202,565 |  | $ | 184,035
‎ The following table presents our revenue disaggregated by type of service (in thousands).
Quarter Ended |  | Services and |  |  |  |  |  |  |  |  | Leases and |  |  |
May 31, 2023 |  | Products |  |  | Subscriptions |  |  | Royalties |  |  | Other |  |  | Consolidated
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 24,808 |  | $ | 25,033 |  | $ | 541 |  | $ | - |  | $ | 50,382
International licensees |  | 89 |  |  | 321 |  |  | 2,425 |  |  | - |  |  | 2,835
|  | 24,897 |  |  | 25,354 |  |  | 2,966 |  |  | - |  |  | 53,217
Education practice |  | 6,456 |  |  | 9,971 |  |  | 655 |  |  | - |  |  | 17,082
Corporate and eliminations |  | - |  |  | - |  |  | 313 |  |  | 829 |  |  | 1,142
Consolidated | $ | 31,353 |  | $ | 35,325 |  | $ | 3,934 |  | $ | 829 |  | $ | 71,441
Quarter Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
May 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
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
Three Quarters Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
May 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 70,112 |  | $ | 72,233 |  | $ | 1,849 |  | $ | - |  | $ | 144,194
International licensees |  | 276 |  |  | 1,016 |  |  | 7,756 |  |  | - |  |  | 9,048
|  | 70,388 |  |  | 73,249 |  |  | 9,605 |  |  | - |  |  | 153,242
Education practice |  | 15,065 |  |  | 28,015 |  |  | 2,551 |  |  | - |  |  | 45,631
Corporate and eliminations |  | - |  |  | - |  |  | 936 |  |  | 2,756 |  |  | 3,692
Consolidated | $ | 85,453 |  | $ | 101,264 |  | $ | 13,092 |  | $ | 2,756 |  | $ | 202,565
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

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