Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Nov. 30, 2021 |
Nov. 30, 2020 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income (loss) |
$ 3,812
|
$ (892)
|
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
2,710
|
2,872
|
| Amortization of capitalized curriculum costs |
789
|
889
|
| Stock-based compensation |
1,649
|
1,158
|
| Deferred income taxes |
679
|
(111)
|
| Change in fair value of contingent consideration liabilities |
28
|
62
|
| Amortization of right-of-use operating lease assets |
225
|
259
|
| Changes in assets and liabilities, net of effect of acquired businesses: |
|
|
| Decrease in accounts receivable, net |
18,829
|
13,482
|
| Decrease (increase) in inventories |
(92)
|
309
|
| Decrease (increase) in prepaid expenses and other assets |
196
|
(176)
|
| Decrease in accounts payable and accrued liabilities |
(9,825)
|
(2,721)
|
| Decrease in deferred revenue |
(8,219)
|
(3,625)
|
| Decrease in income taxes payable/receivable |
(47)
|
(111)
|
| Decrease in other long-term liabilities |
(570)
|
(519)
|
| Net cash provided by operating activities |
10,164
|
10,876
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Purchases of property and equipment |
(520)
|
(185)
|
| Curriculum development costs |
(243)
|
(263)
|
| Net cash used for investing activities |
(763)
|
(448)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Principal payments on notes payable |
(1,250)
|
(1,250)
|
| Principal payments on financing obligation |
(698)
|
(628)
|
| Purchases of common stock for treasury |
(3,488)
|
(1,530)
|
| Payment of contingent consideration liabilities |
(368)
|
(329)
|
| Proceeds from sales of common stock held in treasury |
344
|
256
|
| Net cash used for financing activities |
(5,460)
|
(3,481)
|
| Effect of foreign currency exchange rates on cash and cash equivalents |
(108)
|
176
|
| Net increase in cash and cash equivalents |
3,833
|
7,123
|
| Cash and cash equivalents at the beginning of the period |
47,417
|
27,137
|
| Cash and cash equivalents at the end of the period |
51,250
|
34,260
|
| Supplemental disclosure of cash flow information: |
|
|
| Cash paid for income taxes |
577
|
403
|
| Cash paid for interest |
410
|
562
|
| Non-cash investing and financing activities: |
|
|
| Purchases of property and equipment financed by accounts payable |
238
|
20
|
| Acquisition of right-of-use operating lease assets for operating lease liabilities |
$ 142
|
$ 726
|