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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2023
May 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,969 $ 12,852
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,401 7,792
Amortization of capitalized curriculum costs 2,385 2,374
Stock-based compensation 9,357 5,987
Deferred income taxes 2,399 (1,409)
Change in fair value of contingent consideration liabilities 7 60
Amortization of right-of-use operating lease assets 633 695
Changes in assets and liabilities:    
Decrease in accounts receivable, net 17,071 19,794
Increase in inventories (1,050) (888)
Decrease in prepaid expenses and other assets 3,415 321
Decrease in accounts payable and accrued liabilities (12,615) (4,294)
Decrease in deferred revenue (11,901) (2,760)
Increase (decrease) in income taxes payable/receivable (621) 355
Decrease in other long-term liabilities (503) (1,343)
Net cash provided by operating activities 25,947 39,536
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (3,545) (2,080)
Curriculum development costs (6,841) (1,379)
Net cash used for investing activities (10,386) (3,459)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from term notes payable 7,500  
Principal payments on notes payable (12,085) (4,585)
Principal payments on financing obligation (2,366) (2,135)
Purchases of common stock for treasury (29,672) (23,850)
Payment of contingent consideration liabilities (736) (1,099)
Cash paid to obtain new credit agreement (393)  
Proceeds from sales of common stock held in treasury 1,162 1,006
Net cash used for financing activities (36,590) (30,663)
Effect of foreign currency exchange rates on cash and cash equivalents (159) (763)
Net increase (decrease) in cash and cash equivalents (21,188) 4,651
Cash and cash equivalents at the beginning of the period 60,517 47,417
Cash and cash equivalents at the end of the period 39,329 52,068
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,452 1,744
Cash paid for interest 1,158 1,295
Non-cash investing and financing activities:    
Purchases of property and equipment financed by accounts payable 21 165
Acquisition of right-of-use operating lease assets for operating lease liabilities $ 504 $ 344