| Schedule Of Segment Operations |
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Sales to
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Quarter Ended
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External
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Adjusted
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May 31, 2017
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Customers
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Gross Profit
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EBITDA
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Direct offices
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$
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24,019
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$
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14,902
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$
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1,323
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Strategic markets
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5,419
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3,208
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(720)
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Education practice
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8,596
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5,194
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(43)
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International licensees
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3,822
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|
2,964
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1,624
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Total
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41,856
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26,268
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2,184
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Corporate and eliminations
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1,895
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|
1,073
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(2,202)
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Consolidated
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$
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43,751
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$
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27,341
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$
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(18)
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Quarter Ended
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May 28, 2016
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Direct offices
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$
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23,894
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$
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16,805
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$
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2,842
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Strategic markets
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6,924
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4,045
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|
247
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Education practice
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7,517
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4,322
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(1,446)
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International licensees
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4,332
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|
3,349
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|
2,120
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Total
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42,667
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28,521
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3,763
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Corporate and eliminations
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2,071
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|
1,041
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(1,969)
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Consolidated
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$
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44,738
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$
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29,562
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$
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1,794
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Three Quarters Ended
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May 31, 2017
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|
|
|
|
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Direct offices
|
$
|
68,678
|
$
|
45,543
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$
|
2,345
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Strategic markets
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16,181
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|
9,586
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(2,085)
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Education practice
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25,187
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14,626
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(885)
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International licensees
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10,191
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7,878
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4,267
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Total
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120,237
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77,633
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3,642
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Corporate and eliminations
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5,497
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3,047
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(6,846)
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Consolidated
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$
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125,734
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$
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80,680
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$
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(3,204)
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Three Quarters Ended
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May 28, 2016
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Direct offices
|
$
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72,107
|
$
|
51,177
|
$
|
9,972
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Strategic markets
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21,670
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13,392
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|
2,386
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Education practice
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22,520
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12,156
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(2,155)
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International licensees
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12,702
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9,654
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6,249
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Total
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128,999
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86,379
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16,452
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Corporate and eliminations
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6,225
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3,109
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(5,777)
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Consolidated
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$
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135,224
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$
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89,488
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$
|
10,675
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| Reconciliation Of Adjusted EBITDA |
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Quarter Ended
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Three Quarters Ended
|
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May 31,
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May 28,
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May 31,
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May 28,
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2017
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2016
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2017
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2016
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Enterprise Adjusted EBITDA
|
$
|
2,184
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$
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3,763
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$
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3,642
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$
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16,452
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Corporate expenses
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(2,202)
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(1,969)
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(6,846)
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(5,777)
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Consolidated Adjusted EBITDA
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(18)
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1,794
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(3,204)
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10,675
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Stock-based compensation expense
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(1,210)
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(1,048)
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(3,987)
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(2,922)
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Costs to exit Japan publishing business
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(1,792)
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-
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(1,792)
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|
-
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Restructuring costs
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(1,335)
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-
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(1,335)
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(376)
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Contract termination costs
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-
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-
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(1,500)
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-
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Reduction (increase) to contingent
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earn out liability
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|
-
|
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(88)
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1,936
|
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(1,456)
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China office start-up costs
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-
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(60)
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(505)
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(106)
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ERP system implementation costs
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(327)
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(131)
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(920)
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(224)
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Other expenses
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(25)
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-
|
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(25)
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-
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Depreciation
|
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(949)
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(1,003)
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(2,743)
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(2,809)
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Amortization
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(835)
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(722)
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(2,278)
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(2,541)
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Income (loss) from operations
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(6,491)
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|
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(1,258)
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(16,353)
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|
|
241
|
|
Interest income
|
|
86
|
|
|
81
|
|
|
310
|
|
|
243
|
|
Interest expense
|
|
(618)
|
|
|
(564)
|
|
|
(1,861)
|
|
|
(1,659)
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Loss before income taxes
|
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(7,023)
|
|
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(1,741)
|
|
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(17,904)
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|
|
(1,175)
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Income tax benefit
|
|
2,482
|
|
|
689
|
|
|
6,073
|
|
|
465
|
|
Net loss
|
$
|
(4,541)
|
|
$
|
(1,052)
|
|
$
|
(11,831)
|
|
$
|
(710)
|
|