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v3.24.1

Segment Information (Tables) | 6 Months Ended
--- | ---
Feb. 29, 2024
Segment Information [Abstract] |
Schedule Of Segment Operations |
|  | Sales to |  |  |  |  |  |
Quarter Ended |  | External |  |  |  |  |  | Adjusted
February 29, 2024 |  | Customers |  |  | Gross Profit |  |  | EBITDA
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 42,960 |  | $ | 35,514 |  | $ | 9,122
International licensees |  | 2,748 |  |  | 2,374 |  |  | 1,342
|  | 45,708 |  |  | 37,888 |  |  | 10,464
Education practice |  | 14,579 |  |  | 8,597 |  |  | (529)
Corporate and eliminations |  | 1,049 |  |  | 366 |  |  | (2,487)
Consolidated | $ | 61,336 |  | $ | 46,851 |  | $ | 7,448
Quarter Ended |  |  |  |  |  |  |  |
February 28, 2023 |  |  |  |  |  |  |  |
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
Two Quarters Ended |  |  |  |  |  |  |  |
February 29, 2024 |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 92,175 |  | $ | 75,015 |  | $ | 20,809
International licensees |  | 6,126 |  |  | 5,426 |  |  | 3,238
|  | 98,301 |  |  | 80,441 |  |  | 24,047
Education practice |  | 29,323 |  |  | 17,977 |  |  | (487)
Corporate and eliminations |  | 2,112 |  |  | 711 |  |  | (5,142)
Consolidated | $ | 129,736 |  | $ | 99,129 |  | $ | 18,418
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
Reconciliation Of Adjusted EBITDA |
| Quarter Ended |  | Two Quarters Ended
|  | February 29, |  |  | February 28, |  |  | February 29, |  |  | February 28,
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023
Segment Adjusted EBITDA | $ | 9,935 |  | $ | 10,560 |  | $ | 23,560 |  | $ | 23,921
Corporate expenses |  | (2,487) |  |  | (2,373) |  |  | (5,142) |  |  | (4,262)
Consolidated Adjusted EBITDA |  | 7,448 |  |  | 8,187 |  |  | 18,418 |  |  | 19,659
Stock-based compensation |  | (1,368) |  |  | (3,315) |  |  | (4,265) |  |  | (6,050)
Restructuring costs |  | (1,726) |  |  | - |  |  | (2,307) |  |  | -
Impaired asset |  | (928) |  |  | - |  |  | (928) |  |  | -
Increase in the fair value of |  |  |  |  |  |  |  |  |  |  |
contingent consideration liabilities |  | - |  |  | - |  |  | - |  |  | (7)
Depreciation |  | (913) |  |  | (951) |  |  | (2,005) |  |  | (2,196)
Amortization |  | (1,071) |  |  | (1,093) |  |  | (2,142) |  |  | (2,185)
Income from operations |  | 1,442 |  |  | 2,828 |  |  | 6,771 |  |  | 9,221
Interest income |  | 301 |  |  | 362 |  |  | 589 |  |  | 442
Interest expense |  | (328) |  |  | (409) |  |  | (669) |  |  | (819)
Income before income taxes |  | 1,415 |  |  | 2,781 |  |  | 6,691 |  |  | 8,844
Income tax provision |  | (541) |  |  | (1,042) |  |  | (966) |  |  | (2,438)
Net income | $ | 874 |  | $ | 1,739 |  | $ | 5,725 |  | $ | 6,406
Schedule Of Revenue Disaggregated By Category | The following table presents our revenue disaggregated by geographic region (in thousands).
| Quarter Ended |  | Two Quarters Ended
|  | February 29, |  |  | February 28, |  |  | February 29, |  |  | February 28,
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023
Americas | $ | 51,399 |  | $ | 51,638 |  | $ | 107,756 |  | $ | 108,380
Asia Pacific |  | 5,757 |  |  | 5,925 |  |  | 12,978 |  |  | 13,383
Europe/Middle East/Africa |  | 4,180 |  |  | 4,193 |  |  | 9,002 |  |  | 9,362
| $ | 61,336 |  | $ | 61,756 |  | $ | 129,736 |  | $ | 131,125
‎ The following table presents our revenue disaggregated by type of service (in thousands).
Quarter Ended |  | Services and |  |  |  |  |  |  |  |  | Leases and |  |  |
February 29, 2024 |  | Products |  |  | Subscriptions |  |  | Royalties |  |  | Other |  |  | Consolidated
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 16,589 |  | $ | 25,932 |  | $ | 439 |  | $ | - |  | $ | 42,960
International licensees |  | 85 |  |  | 324 |  |  | 2,339 |  |  | - |  |  | 2,748
|  | 16,674 |  |  | 26,256 |  |  | 2,778 |  |  | - |  |  | 45,708
Education practice |  | 3,932 |  |  | 9,508 |  |  | 1,139 |  |  | - |  |  | 14,579
Corporate and eliminations |  | - |  |  | - |  |  | 313 |  |  | 736 |  |  | 1,049
Consolidated | $ | 20,606 |  | $ | 35,764 |  | $ | 4,230 |  | $ | 736 |  | $ | 61,336
Quarter Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 28, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
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
Two Quarters Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
February 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 38,714 |  | $ | 52,431 |  | $ | 1,030 |  | $ | - |  | $ | 92,175
International licensees |  | 316 |  |  | 657 |  |  | 5,153 |  |  | - |  |  | 6,126
|  | 39,030 |  |  | 53,088 |  |  | 6,183 |  |  | - |  |  | 98,301
Education practice |  | 7,666 |  |  | 19,265 |  |  | 2,392 |  |  | - |  |  | 29,323
Corporate and eliminations |  | - |  |  | - |  |  | 626 |  |  | 1,486 |  |  | 2,112
Consolidated | $ | 46,696 |  | $ | 72,353 |  | $ | 9,201 |  | $ | 1,486 |  | $ | 129,736
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

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