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v3.24.2

Segment Information (Tables) | 9 Months Ended
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May 31, 2024
Segment Information [Abstract] |
Schedule Of Segment Operations |
|  | Revenue From |  |  |  |  |  |
Quarter Ended |  | External |  |  |  |  |  | Adjusted
May 31, 2024 |  | Customers |  |  | Gross Profit |  |  | EBITDA
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 49,334 |  | $ | 40,172 |  | $ | 12,170
International licensees |  | 2,701 |  |  | 2,435 |  |  | 1,334
|  | 52,035 |  |  | 42,607 |  |  | 13,504
Education practice |  | 20,079 |  |  | 13,179 |  |  | 3,080
Corporate and eliminations |  | 1,259 |  |  | 420 |  |  | (2,660)
Consolidated | $ | 73,373 |  | $ | 56,206 |  | $ | 13,924
Quarter Ended |  |  |  |  |  |  |  |
May 31, 2023 |  |  |  |  |  |  |  |
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
Three Quarters Ended |  |  |  |  |  |  |  |
May 31, 2024 |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |
Direct offices | $ | 141,509 |  | $ | 115,186 |  | $ | 32,978
International licensees |  | 8,826 |  |  | 7,861 |  |  | 4,571
|  | 150,335 |  |  | 123,047 |  |  | 37,549
Education practice |  | 49,402 |  |  | 31,157 |  |  | 2,593
Corporate and eliminations |  | 3,372 |  |  | 1,132 |  |  | (7,802)
Consolidated | $ | 203,109 |  | $ | 155,336 |  | $ | 32,340
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
Reconciliation Of Adjusted EBITDA |
| Quarter Ended |  | Three Quarters Ended
|  | May 31, |  |  | May 31, |  |  | May 31, |  |  | May 31,
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023
Segment Adjusted EBITDA | $ | 16,584 |  | $ | 14,386 |  | $ | 40,142 |  | $ | 38,308
Corporate expenses |  | (2,660) |  |  | (2,487) |  |  | (7,802) |  |  | (6,750)
Consolidated Adjusted EBITDA |  | 13,924 |  |  | 11,899 |  |  | 32,340 |  |  | 31,558
Stock-based compensation |  | (2,828) |  |  | (3,307) |  |  | (7,092) |  |  | (9,357)
Restructuring costs |  | (701) |  |  | - |  |  | (3,008) |  |  | -
Impaired asset |  | - |  |  | - |  |  | (928) |  |  | -
Increase in the fair value of |  |  |  |  |  |  |  |  |  |  |
contingent consideration liabilities |  | - |  |  | - |  |  | - |  |  | (7)
Depreciation |  | (990) |  |  | (934) |  |  | (2,994) |  |  | (3,131)
Amortization |  | (1,062) |  |  | (1,086) |  |  | (3,204) |  |  | (3,270)
Income from operations |  | 8,343 |  |  | 6,572 |  |  | 15,114 |  |  | 15,793
Interest income |  | 268 |  |  | 362 |  |  | 857 |  |  | 804
Interest expense |  | (247) |  |  | (354) |  |  | (916) |  |  | (1,173)
Income before income taxes |  | 8,364 |  |  | 6,580 |  |  | 15,055 |  |  | 15,424
Income tax provision |  | (2,643) |  |  | (2,017) |  |  | (3,609) |  |  | (4,455)
Net income | $ | 5,721 |  | $ | 4,563 |  | $ | 11,446 |  | $ | 10,969
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,
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023
Americas | $ | 62,084 |  | $ | 59,456 |  | $ | 169,840 |  | $ | 167,835
Asia Pacific |  | 6,460 |  |  | 7,418 |  |  | 19,438 |  |  | 20,801
Europe/Middle East/Africa |  | 4,829 |  |  | 4,567 |  |  | 13,831 |  |  | 13,929
| $ | 73,373 |  | $ | 71,441 |  | $ | 203,109 |  | $ | 202,565
‎ The following table presents our revenue disaggregated by type of service (in thousands).
Quarter Ended |  | Services and |  |  |  |  |  |  |  |  | Leases and |  |  |
May 31, 2024 |  | Products |  |  | Subscriptions |  |  | Royalties |  |  | Other |  |  | Consolidated
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 22,682 |  | $ | 26,028 |  | $ | 624 |  | $ | - |  | $ | 49,334
International licensees |  | 58 |  |  | 303 |  |  | 2,340 |  |  | - |  |  | 2,701
|  | 22,740 |  |  | 26,331 |  |  | 2,964 |  |  | - |  |  | 52,035
Education practice |  | 9,117 |  |  | 10,397 |  |  | 565 |  |  | - |  |  | 20,079
Corporate and eliminations |  | - |  |  | - |  |  | 313 |  |  | 946 |  |  | 1,259
Consolidated | $ | 31,857 |  | $ | 36,728 |  | $ | 3,842 |  | $ | 946 |  | $ | 73,373
Quarter Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
May 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |
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
Three Quarters Ended |  |  |  |  |  |  |  |  |  |  |  |  |  |
May 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Enterprise Division: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct offices | $ | 61,398 |  | $ | 78,457 |  | $ | 1,654 |  | $ | - |  | $ | 141,509
International licensees |  | 374 |  |  | 959 |  |  | 7,493 |  |  | - |  |  | 8,826
|  | 61,772 |  |  | 79,416 |  |  | 9,147 |  |  | - |  |  | 150,335
Education practice |  | 16,783 |  |  | 29,662 |  |  | 2,957 |  |  | - |  |  | 49,402
Corporate and eliminations |  | - |  |  | - |  |  | 939 |  |  | 2,433 |  |  | 3,372
Consolidated | $ | 78,555 |  | $ | 109,078 |  | $ | 13,043 |  | $ | 2,433 |  | $ | 203,109
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

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