View Filing Data

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Jun. 01, 2013	Jun. 28, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 01, 2013
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2013
Entity Registrant Name	FRANKLIN COVEY CO
Entity Central Index Key	0000886206
Current Fiscal Year End Date	--08-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		16,352,121

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 01, 2013	Aug. 31, 2012
Current assets:
Cash and cash equivalents	$ 8,903	$ 11,011
Accounts receivable, less allowance for doubtful accounts of $677 and $851	37,117	38,087
Receivable from related party	2,844	3,588
Inventories	4,091	4,161
Deferred income tax assets	3,481	3,634
Prepaid expenses and other current assets	4,643	3,714
Total current assets	61,079	64,195
Property and equipment, net	17,672	18,496
Intangible assets, net	61,027	59,205
Goodwill	16,124	9,172
Long-term receivable from related party	4,224	3,478
Other long-term assets	9,310	9,534
Total assets	169,436	164,080
Current liabilities:
Current portion of financing obligation	1,101	992
Current portion of bank note payable	833	2,500
Accounts payable	6,868	7,758
Income taxes payable	667	869
Accrued liabilities	22,801	24,530
Total current liabilities	32,270	36,649
Financing obligation, less current portion	27,677	28,515
Bank note payable, less current portion		208
Other liabilities	5,668	1,152
Deferred income tax liabilities	7,195	7,001
Total liabilities	72,810	73,525
Shareholders' equity:
Common stock, $.05 par value; 40,000 shares authorized, 27,056 shares issued	1,353	1,353
Additional paid-in capital	207,747	182,534
Common stock warrants		5,260
Retained earnings	32,709	26,110
Accumulated other comprehensive income	2,113	3,410
Treasury stock at cost,10,767 shares and 9,365 shares	(147,296)	(128,112)
Total shareholders' equity	96,626	90,555
Total liabilities and shareholders' equity	$ 169,436	$ 164,080

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 01, 2013	Aug. 31, 2012
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 677	$ 851
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	27,056,000	27,056,000
Treasury stock, shares	10,767,000	9,365,000

Condensed Consolidated Income Statements And Statements Of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

9 Months Ended

Jun. 01, 2013

May 26, 2012

Jun. 01, 2013

May 26, 2012

Net sales:

Training and consulting services

$ 42,378

$ 38,213

$ 121,185

$ 110,201

Products

1,428

2,291

4,995

7,057

Leasing

1,053

770

3,170

2,183

Total net sales

44,859

41,274

129,350

119,441

Cost of sales:

Training and consulting services

14,281

13,585

39,809

37,417

Products

665

1,142

1,836

3,124

Leasing

478

403

1,428

1,233

Total cost of sales

15,424

15,130

43,073

41,774

Gross profit

29,435

26,144

86,277

77,667

Selling, general, and administrative

23,661

21,448

69,295

63,535

Depreciation

752

680

2,175

2,374

Amortization

960

622

2,201

1,879

Income from operations

4,062

3,394

12,606

9,879

Interest income

158

446

Interest expense

(578)

(613)

(1,766)

(1,873)

Discount on related party receivable

(135)

(418)

Other income, net

Income before income taxes

3,527

2,783

10,888

8,016

Provision for income taxes

(1,416)

(1,166)

(4,289)

(3,575)

Net income

$ 2,111

$ 1,617

$ 6,599

$ 4,441

Net income per share:

Basic

$ 0.13

$ 0.09

$ 0.37

$ 0.25

Diluted

$ 0.13

$ 0.09

$ 0.36

$ 0.24

Weighted average number of common shares:

Basic

^[1]

16,330

17,797

17,680

17,765

Diluted

16,421

18,316

18,469

18,200

COMPREHENSIVE INCOME:

Net income

$ 2,111

$ 1,617

$ 6,599

$ 4,441

Foreign currency translation adjustments, net

(358)

(25)

(1,297)

(332)

Comprehensive income

$ 1,753

$ 1,592

$ 5,302

$ 4,109

[1]

Since we recognized net income for all of the periods presented in this report, basic weighted average shares for the three quarters ended June 1, 2013 (for the period outstanding) and for the quarter and three quarters ended May 26, 2012 include 3.3 million shares of common stock held by management stock loan participants that were placed in escrow.

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 01, 2013	May 26, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 6,599	$ 4,441
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,381	4,303
Share-based compensation cost	1,933	3,301
Amortization of capitalized curriculum costs	1,447	1,353
Deferred income taxes	196	1,702
Other income	(20)
Loss on disposals of property and equipment	3	21
Changes in assets and liabilities:
Decrease in accounts receivable, net	447	598
Decrease (increase) in inventories	(130)	458
Increase in receivable from related party	(2)	(542)
Increase in prepaid expenses and other assets	(927)	(209)
Decrease in accounts payable and accrued liabilities	(5,387)	(6,723)
Decrease in income taxes payable	(108)	(20)
Increase (decrease) in other long-term liabilities	480	(5)
Net cash provided by operating activities	8,912	8,678
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(1,830)	(1,428)
Curriculum development costs	(1,620)	(1,758)
Acquisition of business	(1,125)
Payment of contingent business acquisition costs	(2,235)
Net cash used for investing activities	(6,810)	(3,186)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit borrowings		8,523
Payments on line of credit borrowings		(8,523)
Principal payments on notes payable financing	(1,875)	(1,667)
Principal payments on financing obligation	(786)	(661)
Purchases of common stock for treasury	(1,445)	(21)
Proceeds from sales of common stock held in treasury	335	320
Proceeds from exercise of common stock warrants	(55)
Net cash used for financing activities	(3,826)	(2,029)
Effect of foreign currency exchange rates on cash and cash equivalents	(384)	(14)
Net increase (decrease) in cash and cash equivalents	(2,108)	3,449
Cash and cash equivalents at the beginning of the period	11,011	3,016
Cash and cash equivalents at the end of the period	8,903	6,465
Supplemental disclosure of cash flow information:
Cash paid for income taxes	2,719	1,715
Cash paid for interest	1,753	1,869
Non-cash investing and financing activities:
Acquisition of business financed by accrued liabilities	3,075
Purchases of property and equipment financed by accounts payable	$ 183	$ 182

Consolidated Statements Of Shareholders' Equity - 9 months ended Jun. 01, 2013 - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Common Stock Warrants [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]	Total
Beginning balance at Aug. 31, 2012	$ 1,353	$ 182,534	$ 5,260	$ 26,110	$ 3,410	$ (128,112)	$ 90,555
Beginning balance, shares at Aug. 31, 2012	27,056					(9,365)
Issuance of common stock from treasury		(3,314)				$ 3,649
Issuance of common stock from treasury, shares						265
Purchase of treasury shares						$ (1,309)
Purchase of treasury shares, shares						(113)
Common stock warrant activity		(18,273)	$ (5,260)			$ 23,477
Exercise of common stock warrants, shares						1,708
Share-based compensation		1,933
Unvested share award		(421)				$ 421
Unvested share award, shares						31
Cumulative translation adjustments					(1,297)		(1,297)
Management stock loan payments		45,299				$ (45,433)
Management stock loan payments, shares						(3,296)
Other		(11)				$ 11
Other, shares						3
Net income				6,599			6,599
Ending balance, shares at Jun. 01, 2013	27,056					(10,767)
Ending balance at Jun. 01, 2013	$ 1,353	$ 207,747		$ 32,709	$ 2,113	$ (147,296)	$ 96,626

Basis Of Presentation

9 Months Ended

Jun. 01, 2013

Basis Of Presentation [Abstract]

Basis Of Presentation

NOTE 1 – BASIS OF PRESENTATION

Franklin Covey Co. (hereafter referred to as us, we, our, or the Company) is a global company specializing in performance improvement. We help organizations achieve results that require a change in human behavior and our mission is to “enable greatness in people and organizations everywhere.” Our expertise is in the following seven areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Education and we believe that there are four important characteristics that distinguish us from our competitors.

1.	World Class Content – Our content is principle centered and based on natural laws of human behavior and effectiveness. Our content is designed to build new skillsets, establish new mindsets, and provide enabling toolsets.

Breadth and Scalability of Delivery Options – We have a wide range of content delivery options, including: on-site training, training led through certified facilitators, on-line learning, blended learning, intellectual property licenses, and organization-wide transformational processes, including consulting and coaching.

Global Capability – We operate four regional sales offices and a government services office in the United States; wholly-owned subsidiaries in Australia, Japan, and the United Kingdom; and contract with licensee partners who deliver our curriculum and provide services in over 140 other countries and territories around the world.

4.	Transformational Impact and Reach – We hold ourselves responsible for and measure ourselves by our clients’ achievement of transformational results.

Our offerings are described in further detail at www.franklincovey.com. We have some of the best-known offerings in the training industry, including a suite of individual-effectiveness and leadership-development training products based on the best-selling book, The 7 Habits of Highly Effective People and its execution process, The 4 Disciplines of Execution.

The accompanying unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position and results of operations of the Company as of the dates and for the periods indicated. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to Securities and Exchange Commission (SEC) rules and regulations. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and related notes included in our annual report on Form 10-K for the fiscal year ended August 31, 2012.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

The Company utilizes a modified 52/53-week fiscal year that ends on August 31 of each year. Corresponding quarterly periods generally consist of 13-week periods that ended on December 1, 2012, March 2, 2013, and June 1, 2013 during fiscal 2013. Under the modified 52/53-week fiscal year, the three quarters ended June 1, 2013 had four more business days than the three quarters ended May 26, 2012. Unless otherwise noted, references to fiscal years apply to the 12 months ended on August 31 of the specified year.

The results of operations for the quarter ended June 1, 2013 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2013, or for any future periods.

At June 1, 2013, the carrying value of our financial instruments approximated their fair values.

Acquisition Of Ninetyfive 5 LLC

9 Months Ended

Jun. 01, 2013

Acquisition Of Ninetyfive 5 LLC [Abstract]

Acquisition Of Ninetyfive 5 LLC

NOTE 2 – ACQUISITION OF NINETYFIVE 5 LLC

On March 11, 2013 we acquired substantially all of the assets of NinetyFive 5 LLC (NinetyFive 5). NinetyFive 5 provides sales success training services that complement our existing sales performance curriculum and we expect NinetyFive 5 to become a key component of our Sale Performance Practice in future periods. The purchase price was $4.2 million in cash, payable in four installments through December 6, 2013, plus contingent earnout payments up to a maximum of $8.5 million, based on cumulative earnings before interest, income taxes, depreciation, and amortization (EBITDA) as set forth in the purchase agreement.

The following table summarizes the preliminary estimated fair values of the assets acquired, liabilities assumed, and separately identifiable intangible assets at the acquisition date (in thousands):



Computer equipment	$	14
Intangible assets		3,989
Goodwill		4,717
Loss on content license		951
Purchase price payable (accrued liabilities)		(3,475)
Contigent earn-out liability (long-term liabilities)		(4,100)
Gain on equity interest		(971)
Cash paid	$	1,125

The final purchase price allocation is subject to further analysis of various items, including the fair value calculations related to identified intangible assets, contingent acquisition payments, and gains and losses associated with our ownership interest and previously existing contractual arrangements. To date, we have incurred $0.1 million of acquisition costs, which were recorded as selling, general, and administrative expenses in our consolidated income statements. The acquisition of NinetyFive 5 had an immaterial impact on our consolidated income statements for the quarter and three quarters ended June 1, 2013 and the acquisition of NinetyFive 5 was determined to be insignificant as defined by Regulation S-X. NinetyFive 5 had total sales of $8.7 million (unaudited) for the year ended December 31, 2012.

Prior to the acquisition date, NinetyFive 5 operated under an agreement that granted them a worldwide, non-exclusive, and royalty-free license to use specified Company content. As consideration for this license agreement, we obtained an equity interest in NinetyFive 5 and we owned 10.5 percent of NinetyFive 5 at the acquisition date. We were also entitled to receive ownership distributions, which were immaterial to our consolidated income statements in the periods received. In connection with the acquisition of NinetyFive 5, and in accordance with Accounting Standards Codification 805, Business Combinations, we revalued our ownership interest to fair value at the acquisition date and determined the fair value of the reacquired license rights. In accordance with the preliminary valuation of our ownership interest, we recognized a $1.0 million gain from the purchase transaction for the amount by which the fair value of our equity interest exceeded its carrying value. We then considered whether the reacquired license rights were favorable or unfavorable to the terms of a current market transaction to determine the need to recognize a settlement gain or loss. Based on the preliminary valuation of the reacquired license rights, we recognized a $1.0 million settlement loss. The combination of the preliminary gain from our ownership interest in NinetyFive 5 and the preliminary loss from the reacquired license rights resulted in an insignificant gain, which was recorded as other income on our consolidated income statements for the quarter and three quarters ended June 1, 2013.

Based on the preliminary purchase allocation, acquired intangible assets are being amortized over a weighted average life of four years and are comprised of the following (in thousands).


Category of			Estimated Useful
Intangible Asset	Amount		Life

Internally developed software	$	2,049	3 years
Customer relationships		1,574	5 years
Tradename		242	5 years
Non-compete agreements		124	5 years
	$	3,989

The goodwill generated by the transaction is primarily attributable to the organization, methodologies, and related processes developed by NinetyFive 5 that complement our existing sales performance curriculum. We expect the acquisition of NinetyFive 5 and its integration into our Sales Performance Practice will be highly synergistic for our clients. All of the goodwill generated from the acquisition of NinetyFive 5 is anticipated to be deductible for income tax purposes. A reconciliation of our consolidated goodwill from August 31, 2012 to June 1, 2013 is as follows (in thousands).


		Goodwill Amount
Balance at August 31, 2012	$	9,172
Acquisition of NinetyFive 5		4,717
CoveyLink acquisition contingent
earnout payment		2,235
Impairments		-
Balance at June 1, 2013	$	16,124

CoveyLink Acquisition Earnout Payment	9 Months Ended
CoveyLink Acquisition Earnout Payment	Jun. 01, 2013
CoveyLink Acquisition Earnout Payment [Abstract]
CoveyLink Acquisition Earnout Payment	NOTE 4 – COVEYLINK ACQUISITION EARNOUT PAYMENT During March 2013, we paid $2.2 million to the former owners of CoveyLink Worldwide, LLC (CoveyLink) for the fourth of five potential annual earnout payments. The annual contingent earnout payments are based on earnings growth over the specified measurement period and are classified as goodwill on our consolidated balance sheets when paid. The former owners of CoveyLink include Stephen M.R. Covey, who is the brother of one of our named executive officers. For a reconciliation of our consolidated goodwill from August 31, 2012 through June 1, 2013 refer to the table included in Note 2 herein.

Line Of Credit Renewal	9 Months Ended
Line Of Credit Renewal	Jun. 01, 2013
Line Of Credit Renewal [Abstract]
Line Of Credit Renewal	NOTE 5 – LINE OF CREDIT RENEWAL On March 25, 2013, we entered into the Third Modification Agreement (the Third Modification Agreement) to our previously existing amended and restated secured credit agreement (the Restated Credit Agreement) with our existing lender. The primary purposes of the Third Modification Agreement are to extend the maturity date of the Restated Credit Agreement from March 31, 2015 to March 31, 2016 and to increase the caps for permitted business acquisitions. The Third Modification Agreement continues to provide a revolving line of credit facility with a maximum borrowing amount of $10.0 million with interest at LIBOR plus 2.50 percent per year. The revolving credit facility may be used for general business purposes. The other terms, conditions, and financial covenants in the Third Modification Agreement are substantially the same as those defined in the Restated Credit Agreement as amended and modified. In the event of noncompliance with the financial covenants and other defined events of default, the lender is entitled to certain remedies, including acceleration of the repayment of amounts outstanding on our note payable to the bank and the line of credit facility. We believe that we were in compliance with the terms and covenants of the Third Modification Agreement at June 1, 2013.

Shareholders' Equity	9 Months Ended
Shareholders' Equity	Jun. 01, 2013
Shareholders' Equity [Abstract]
Shareholders' Equity	NOTE 6 – SHAREHOLDERS’ EQUITY Management Common Stock Loan Program During fiscal 2000, certain members of our management team purchased shares of our common stock under the Management Common Stock Loan Program. Subsequent to a modification to the loans in fiscal 2004, the loans were accounted for as non-recourse stock compensation instruments. Following a modification in fiscal 2006, approximately 94 percent of the remaining shares outstanding under the loan program were placed into an escrow account. Under the terms of the fiscal 2006 modification, the Company had the right to purchase and redeem from loan participants the number of loan program shares necessary to satisfy the participant’s obligation if the Company’s share price reached the breakeven price. During the second quarter of fiscal 2013, we determined that the breakeven price for management stock loans with shares held in escrow was achieved. Accordingly, we transferred 3.3 million shares of common stock held by management loan participants in escrow to our transfer agent as full payment on the loans. These shares were valued at the closing market price of our common stock on the date the breakeven price was achieved and were added to our treasury stock with a corresponding increase to additional paid-in capital. Common Stock Warrants Our common stock warrants with an exercise price of $8.00 per share expired on March 8, 2013. Over the life of the warrants, we issued 2.3 million shares of our common stock, including 1.7 million shares issued in fiscal 2013, and paid $0.1 million for net cash exercises. Knowledge Capital Investment Group, a related entity that originally held a warrant to purchase 5,913,402 shares of our common stock, exercised its warrant at various dates on a net share settlement basis according to terms of an exercise agreement, and received a total of 2,197,803 shares of our common stock.

Income Taxes	9 Months Ended
Income Taxes	Jun. 01, 2013
Income Taxes [Abstract]
Income Taxes	NOTE 8 – INCOME TAXES In order to determine our quarterly provision for income taxes, we use an estimated annual effective tax rate, which is based on expected annual income and statutory tax rates in the various jurisdictions in which we operate. Certain discrete items are separately recognized in the quarter during which they occur and can be a source of variability in the effective tax rates from quarter to quarter. Our effective tax rate for the quarter ended June 1, 2013 of approximately 40 percent resulted from income being taxed at statutory combined rates, increased by taxable interest on management common stock loans, nondeductible share-based compensation relating to management common stock loans, nondeductible executive compensation, and certain permanent items. However, due to the utilization of foreign tax credit carryforwards and other deferred income tax assets, we expect our cash paid for income taxes will remain significantly less than our income tax provision through fiscal 2015. During the three quarters ended June 1, 2013, we paid $2.7 million of cash for income taxes compared with an income tax provision of $4.3 million during the same period.

Investment In FC Organizational Products	9 Months Ended
Investment In FC Organizational Products	Jun. 01, 2013
Investment In FC Organizational Products [Abstract]
Investment In FC Organizational Products	NOTE 11 – INVESTMENT IN FC ORGANIZATIONAL PRODUCTS We own a 19.5 percent interest in FC Organizational Products (FCOP), an entity that purchased substantially all of our consumer solution business unit assets in fiscal 2008 for the purpose of expanding the sales of planners and related organizational products under a comprehensive licensing agreement. During fiscal 2012, we reconsidered whether FCOP was a variable interest entity as defined under ASC 810, and determined that FCOP was a variable interest entity. We further determined that we are not the primary beneficiary of FCOP because we do not have the ability to direct the activities that most significantly impact FCOP’s economic performance, which primarily consist of the day-to-day sale of planning products and related accessories, and we do not have an obligation to absorb losses or the right to receive benefits from FCOP that could potentially be significant. Our voting rights and management board representation approximate our ownership interest and we are unable to exercise control through voting interests or through other means. We are required to account for our investment in FCOP using the equity method of accounting and we have historically recorded our share of FCOP’s profit and loss based upon specified allocations as defined in the associated operating agreement. However, we have not recorded our share of FCOP’s losses in the accompanying condensed consolidated income statements because we have impaired and written off investment balances in previous periods, as defined within the applicable accounting guidance, in excess of our share of FCOP’s losses through June 1, 2013. Our primary exposure related to FCOP is from amounts owed to us by FCOP. We receive reimbursement from FCOP for certain operating costs, such as warehousing and distribution costs, which are billed to us by third party providers, and for working capital or other advances that we may make to FCOP. We are not contractually required to make advances to FCOP, but we believe that this additional financing will improve our ability to collect amounts owed to us, including amounts previously impaired and written off. The operations of FCOP are primarily financed by the sale of planning products and accessories in the normal course of business. At June 1, 2013 and August 31, 2012, respectively, we had $7.1 million receivable from FCOP, which are classified as current assets and long-term assets in our condensed consolidated balance sheets based on expected payment dates. The long-term receivable has been discounted using a rate of 15 percent.

Basis Of Presentation (Details)	Jun. 01, 2013 item
Basis Of Presentation [Abstract]
Number of countries in which entity operates	140

Acquisition Of Ninetyfive 5 LLC (Schedule Of Acquisition Preliminary Valuation) (Details) - USD ($) $ in Thousands	Jun. 01, 2013	Aug. 31, 2012
Goodwill	$ 16,124	$ 9,172
NinetyFive 5 [Member]
Computer equipment	14
Intangible assets	3,989
Goodwill	4,717
Loss on content license	951
Purchase price payable (accrued liabilities)	(3,475)
Contigent earn-out liability (long-term liabilities)	(4,100)
Gain on equity interest	(971)
Cash paid	$ 1,125

Acquisition Of Ninetyfive 5 LLC (Schedule Of Acquired Intangible Assets) (Details) $ in Thousands	9 Months Ended
	Jun. 01, 2013 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired	$ 3,989
Internally Developed Software [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired	$ 2,049
Estimated Useful Life	3 years
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired	$ 1,574
Estimated Useful Life	5 years
Tradename [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired	$ 242
Estimated Useful Life	5 years
Non-compete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets Acquired	$ 124
Estimated Useful Life	5 years

Acquisition Of Ninetyfive 5 LLC (Reconciliation Of Consolidated Goodwill) (Details) $ in Thousands	9 Months Ended
	Jun. 01, 2013 USD ($)
Acquisition Of Ninetyfive 5 LLC [Abstract]
Beginning Balance	$ 9,172
Acquisition of NinetyFive 5	4,717
CoveyLink acquisition contingent earnout payment	2,235
Impairments
Ending Balance	$ 16,124

Inventories (Details) - USD ($) $ in Thousands	Jun. 01, 2013	Aug. 31, 2012
Inventories [Abstract]
Finished goods	$ 3,992	$ 4,028
Raw materials	99	133
Inventories	$ 4,091	$ 4,161

CoveyLink Acquisition Earnout Payment (Details) $ in Millions	1 Months Ended
	Mar. 31, 2013 USD ($)
CoveyLink Acquisition Earnout Payment [Abstract]
Payments for acquisition earnout	$ 2.2

Line Of Credit Renewal (Details) $ in Millions	9 Months Ended
Line Of Credit Renewal (Details) $ in Millions	Jun. 01, 2013 USD ($)
Line Of Credit Renewal [Abstract]
Maximum borrowing capacity	$ 10.0
Maturity date	Mar. 31, 2016
Interest rate	2.50%

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended	99 Months Ended
	Mar. 02, 2013	Jun. 01, 2013	Jun. 01, 2013
Percent of remaining shares outstanding under the loan program were placed into an escrow account		94.00%
Transfer of common stock shares as payment on the loans	3,300,000
Common stock warrant exercise price		$ 8.00	$ 8.00
Common stock warrants issued		1,700,000	2,300,000
Payments for net cash warrant exercises		$ (55)
Knowledge Capital [Member]
Common stock warrants issued			2,197,803
Number of shares of common stock purchaseable from warrant		5,913,402	5,913,402

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 01, 2013	May 26, 2012	Jun. 01, 2013	May 26, 2012
Income Taxes [Abstract]
Effective tax rate	40.00%
Cash paid for income taxes			$ 2,700
Income tax provision	$ 1,416	$ 1,166	$ 4,289	$ 3,575

Earnings Per Share (Narrative) (Details) - shares shares in Millions	9 Months Ended
	Jun. 01, 2013	May 26, 2012
Earnings Per Share [Abstract]
Management common stock loan shares held in escrow	3.3	3.3
Shares outstanding not included in the computation of diluted EPS	0.2	0.7