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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Feb. 29, 2020	Mar. 31, 2020
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Feb. 29, 2020
Entity File Number	1-11107
Entity Registrant Name	FRANKLIN COVEY CO
Entity Incorporation, State Country Name	Utah
Entity Tax Identification Number	870401551
Entity Address, Address Line One	2200 West Parkway Boulevard
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	Utah
Entity Address, Postal Zip Code	84119-2099
City Area Code	801
Local Phone Number	817-1776
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,869,729
Amendment Flag	false
Entity Central Index Key	0000886206
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--08-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2020	Aug. 31, 2019
Current assets:
Cash and cash equivalents	$ 24,810	$ 27,699
Accounts receivable, less allowance for doubtful accounts of $4,076 and $4,242	48,722	73,227
Inventories	2,795	3,481
Prepaid expenses and other current assets	15,531	14,933
Total current assets	91,858	119,340
Property and equipment, net	18,368	18,579
Intangible assets, net	45,350	47,690
Goodwill	24,220	24,220
Deferred income tax assets	7,066	5,045
Other long-term assets	14,923	10,039
Total assets	201,785	224,913
Current liabilities:
Current portion of term notes payable	5,000	5,000
Current portion of financing obligation	2,465	2,335
Accounts payable	8,735	9,668
Deferred subscription revenue	46,746	56,250
Other deferred revenue	7,561	5,972
Accrued liabilities	18,717	24,319
Total current liabilities	89,224	103,544
Term notes payable, less current portion	17,500	15,000
Financing obligation, less current portion	15,379	16,648
Other liabilities	6,587	7,527
Deferred income tax liabilities	180	180
Total liabilities	128,870	142,899
Shareholders' equity:
Common stock, $.05 par value; 40,000 shares authorized, 27,056 shares issued	1,353	1,353
Additional paid-in capital	216,045	215,964
Retained earnings	59,956	59,403
Accumulated other comprehensive income	322	269
Treasury stock at cost, 13,209 shares and 13,087 shares	(204,761)	(194,975)
Total shareholders' equity	72,915	82,014
Total liabilities and shareholders' equity	$ 201,785	$ 224,913

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Feb. 29, 2020	Aug. 31, 2019
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 4,076	$ 4,242
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	13,209,000	13,087,000

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) [Abstract]
Net sales	$ 53,745	$ 50,356	$ 112,357	$ 104,185
Cost of sales	15,079	14,990	31,662	32,037
Gross profit	38,666	35,366	80,695	72,148
Selling, general, and administrative	36,221	35,925	75,620	70,568
Depreciation	1,653	1,697	3,273	3,251
Amortization	1,170	1,300	2,340	2,538
Loss from operations	(378)	(3,556)	(538)	(4,209)
Interest income	13	9	18	22
Interest expense	(557)	(623)	(1,162)	(1,255)
Discount accretion on related party receivable		243		258
Loss before income taxes	(922)	(3,927)	(1,682)	(5,184)
Income tax benefit	2,019	410	2,235	310
Net income (loss)	$ 1,097	$ (3,517)	$ 553	$ (4,874)
Net income (loss) per share:
Basic and diluted	$ 0.08	$ (0.25)	$ 0.04	$ (0.35)
Weighted average number of common shares:
Basic	13,841	13,937	13,911	13,927
Diluted	13,990	13,937	14,118	13,927
COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 1,097	$ (3,517)	$ 553	$ (4,874)
Foreign currency translation adjustments, net of income tax provision of $0, $(11), $0, and $0	90	438	53	129
Comprehensive income (loss)	$ 1,187	$ (3,079)	$ 606	$ (4,745)

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) [Abstract]
Foreign currency translation adjustments, tax	$ 0	$ (11)	$ 0	$ 0

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 553	$ (4,874)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,613	5,789
Amortization of capitalized curriculum costs	2,029	2,856
Stock-based compensation expense	3,644	1,989
Deferred income taxes	(2,012)	(1,402)
Change in fair value of contingent consideration liabilities	(91)	76
Loss on disposal of assets	38
Changes in assets and liabilities, net of effect of acquired business:
Decrease in accounts receivable, net	24,556	21,197
Decrease in inventories	681	402
Decrease (increase) in prepaid expenses and other assets	(180)	2,425
Decrease in accounts payable and accrued liabilities	(6,959)	(6,298)
Decrease in deferred revenue	(8,888)	(8,842)
Increase (decrease) in income taxes payable/receivable	(1,605)	214
Decrease in other long-term liabilities	(6)	(182)
Net cash provided by operating activities	17,373	13,350
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(2,516)	(2,195)
Curriculum development costs	(2,232)	(1,256)
Purchase of note receivable from bank (Note 12)	(2,600)
Acquisition of business, net of cash acquired		(32)
Net cash used for investing activities	(7,348)	(3,483)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit borrowings		46,032
Payments on line of credit borrowings		(48,993)
Proceeds from term notes payable financing	5,000
Principal payments on term notes payable	(2,500)	(3,125)
Principal payments on financing obligation	(1,139)	(1,020)
Purchases of common stock for treasury	(13,833)	(12)
Payment of contingent consideration liabilities	(911)	(301)
Proceeds from sales of common stock held in treasury	484	444
Net cash used for financing activities	(12,899)	(6,975)
Effect of foreign currency exchange rates on cash and cash equivalents	(15)	63
Net increase (decrease) in cash and cash equivalents	(2,889)	2,955
Cash and cash equivalents at the beginning of the period	27,699	10,153
Cash and cash equivalents at end of the period	24,810	13,108
Supplemental disclosure of cash flow information:
Cash paid for income taxes	1,381	831
Cash paid for interest	1,144	1,276
Non-cash investing and financing activities:
Purchases of property and equipment financed by accounts payable	985	$ 369
Use of notes receivable to modify revenue contract (Note 12)	$ 3,246

Condensed Consolidated Statements Of Changes In Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]	Total
Beginning balance, shares at Aug. 31, 2018	27,056
Beginning balance at Aug. 31, 2018	$ 1,353	$ 211,280	$ 63,569	$ 341
Beginning balance, shares, Treasury at Aug. 31, 2018					(13,159)
Beginning balance, Treasury at Aug. 31, 2018					$ (196,043)
Issuance of common stock from treasury, shares					11
Issuance of common stock from treasury		64			$ 166
Purchase of treasury shares					$ (7)
Stock-based compensation		946
Cumulative translation adjustments				(309)
Net income (loss)			(1,357)
Ending balance, shares at Nov. 30, 2018	27,056
Ending balance at Nov. 30, 2018	$ 1,353	212,290	59,069	32
Ending balance, shares, Treasury at Nov. 30, 2018					(13,148)
Ending balance, Treasury at Nov. 30, 2018					$ (195,884)
Beginning balance, shares at Aug. 31, 2018	27,056
Beginning balance at Aug. 31, 2018	$ 1,353	211,280	63,569	341
Beginning balance, shares, Treasury at Aug. 31, 2018					(13,159)
Beginning balance, Treasury at Aug. 31, 2018					$ (196,043)
Cumulative translation adjustments						$ 129
Net income (loss)						(4,874)
Ending balance, shares at Feb. 28, 2019	27,056
Ending balance at Feb. 28, 2019	$ 1,353	212,960	55,552	470
Ending balance, shares, Treasury at Feb. 28, 2019					(13,109)
Ending balance, Treasury at Feb. 28, 2019					$ (195,301)
Cumulative effect of accounting change			(3,143)
Beginning balance, shares at Nov. 30, 2018	27,056
Beginning balance at Nov. 30, 2018	$ 1,353	212,290	59,069	32
Beginning balance, shares, Treasury at Nov. 30, 2018					(13,148)
Beginning balance, Treasury at Nov. 30, 2018					$ (195,884)
Issuance of common stock from treasury, shares					11
Issuance of common stock from treasury		53			$ 162
Purchase of treasury shares					$ (5)
Stock-based compensation		1,043
Restricted stock award, shares					28
Restricted stock award		(426)			$ 426
Cumulative translation adjustments				438		438
Net income (loss)			(3,517)			(3,517)
Ending balance, shares at Feb. 28, 2019	27,056
Ending balance at Feb. 28, 2019	$ 1,353	212,960	55,552	470
Ending balance, shares, Treasury at Feb. 28, 2019					(13,109)
Ending balance, Treasury at Feb. 28, 2019					$ (195,301)
Beginning balance, shares at Aug. 31, 2019	27,056
Beginning balance at Aug. 31, 2019	$ 1,353	215,964	59,403	269		82,014
Beginning balance, shares, Treasury at Aug. 31, 2019					(13,087)
Beginning balance, Treasury at Aug. 31, 2019					$ (194,975)
Issuance of common stock from treasury, shares					9
Issuance of common stock from treasury		131			$ 123
Purchase of treasury shares					$ (3)
Stock-based compensation		1,851
Cumulative translation adjustments				(37)
Net income (loss)			(544)
Ending balance, shares at Nov. 30, 2019	27,056
Ending balance at Nov. 30, 2019	$ 1,353	217,946	58,859	232
Ending balance, shares, Treasury at Nov. 30, 2019					(13,078)
Ending balance, Treasury at Nov. 30, 2019					$ (194,855)
Beginning balance, shares at Aug. 31, 2019	27,056
Beginning balance at Aug. 31, 2019	$ 1,353	215,964	59,403	269		82,014
Beginning balance, shares, Treasury at Aug. 31, 2019					(13,087)
Beginning balance, Treasury at Aug. 31, 2019					$ (194,975)
Cumulative translation adjustments						53
Net income (loss)						553
Ending balance, shares at Feb. 29, 2020	27,056
Ending balance at Feb. 29, 2020	$ 1,353	216,045	59,956	322		72,915
Ending balance, shares, Treasury at Feb. 29, 2020					(13,209)
Ending balance, Treasury at Feb. 29, 2020					$ (204,761)
Beginning balance, shares at Nov. 30, 2019	27,056
Beginning balance at Nov. 30, 2019	$ 1,353	217,946	58,859	232
Beginning balance, shares, Treasury at Nov. 30, 2019					(13,078)
Beginning balance, Treasury at Nov. 30, 2019					$ (194,855)
Issuance of common stock from treasury, shares					241
Issuance of common stock from treasury		(3,361)			$ 3,591
Purchase of treasury shares, shares					(393)
Purchase of treasury shares					$ (13,830)
Stock-based compensation		1,793
Restricted stock award, shares					21
Restricted stock award		(333)			$ 333
Cumulative translation adjustments				90		90
Net income (loss)			1,097			1,097
Ending balance, shares at Feb. 29, 2020	27,056
Ending balance at Feb. 29, 2020	$ 1,353	$ 216,045	$ 59,956	$ 322		$ 72,915
Ending balance, shares, Treasury at Feb. 29, 2020					(13,209)
Ending balance, Treasury at Feb. 29, 2020					$ (204,761)

Basis Of Presentation

6 Months Ended

Feb. 29, 2020

Basis Of Presentation [Abstract]

Basis Of Presentation

NOTE 1 – BASIS OF PRESENTATION

General

Franklin Covey Co. (hereafter referred to as us, we, our, or the Company) is a global company focused on organizational performance improvement. Our mission is to “enable greatness in people and organizations everywhere,” and our global structure is designed to help individuals and organizations achieve sustained superior performance through changes in human behavior. We are fundamentally a content and solutions company, and we believe that our offerings and services create the connection between capabilities and results. Our expertise extends to seven crucial areas: Leadership, Execution, Productivity, Trust, Educational Improvement, Sales Performance, and Customer Loyalty. We believe that our clients are able to utilize our content to create cultures whose hallmarks are high-performing, collaborative individuals, led by effective, trust-building leaders who execute with excellence and deliver measurably improved results for all of their key stakeholders.

In the training and consulting marketplace, we believe there are three important characteristics that distinguish us from our competitors.

World Class Content – Our content is principle-centered and based on natural laws of human behavior and effectiveness. When our content is applied consistently in an organization, we believe the culture of that organization will change to enable the organization to achieve their own great purposes. Our content is designed to build new skillsets, establish new mindsets, and provide enabling toolsets to our clients.

Breadth and Scalability of Delivery Options – We have a wide range of content delivery options, including: subscription offerings, which includes the All Access Pass (available in multiple languages), the Leader in Me membership, and other subscription offerings; intellectual property licenses; on-site training; training led through certified facilitators; on-line learning; and organization-wide transformational processes, including consulting and coaching services.

Global Capability – We have sales professionals in the United States and Canada who serve clients in the private sector and in governmental organizations; wholly-owned subsidiaries in Australia, China, Japan, the United Kingdom, Germany, Switzerland, and Austria; and we contract with licensee partners who deliver our content and provide related services in over 140 other countries and territories around the world.

We are committed to, and measure ourselves by, our clients’ achievement of transformational results.

We have some of the best-known offerings in the training industry, including a suite of individual-effectiveness and leadership-development training content based on the best-selling books, The 7 Habits of Highly Effective People, The Speed of Trust, The Leader in Me, and The 4 Disciplines of Execution, and proprietary content in the areas of Execution, Sales Performance, Productivity, Educational Improvement, and Customer Loyalty. Our offerings are described in further detail at www.franklincovey.com. The information posted on our website is not incorporated into this report.

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, 2019.

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.

Our fiscal year ends on August 31 of each year and our fiscal quarters end on the last day of November, February, and May of each year.

The results of operations for the quarter ended February 29, 2020 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2020, or for any future periods.

Accounting Pronouncements Issued and Adopted

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), which supersedes FASB Accounting Standards Codification (ASC) Topic 840, Leases. The new guidance requires lessees to recognize a lease liability and corresponding right-of-use asset for all leases greater than 12 months. Recognition, measurement, and presentation of expenses depends upon whether the lease is classified as a finance or operating lease. We adopted the new lease guidance prospectively on September 1, 2019. As part of the adoption of ASU 2016-02, we elected to apply the package of practical expedients, which allows us to not reassess prior conclusions related to lease classification, not to recognize short-term leases on our balance sheet, and not to separate lease and non-lease components for our leases. On September 1, 2019, the adoption of ASU 2016-02 resulted in the recognition of $1.5 million of lease liabilities and right-of-use assets on our condensed consolidated balance sheets for operating leases. For lessors, accounting for leases is substantially the same as in prior periods and there was no impact from the adoption of ASU 2016-02 for those leases where we are the lessor. Refer to Note 5, Leases for further information regarding our leasing activity.

The lease for our corporate campus is currently accounted for as a financing obligation and related building asset on our consolidated balance sheets, as the contract represented a failed sale-leaseback under previous leasing guidance. In transition to Topic 842, we reassessed whether the previously failed sale-leaseback met the sale criteria under the new leasing standard. Based on this assessment, we determined that the sale criteria under the new leasing standard was not met and we will continue to account for the corporate campus lease as a finance obligation on our consolidated balance sheet in future periods.

Accounting Pronouncements Issued Not Yet Adopted

Credit Losses on Financial Instruments

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This accounting standard changes the methodology for measuring credit losses on financial instruments, including trade accounts receivable, and the timing of when such losses are recorded. ASU No. 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. We expect to adopt the provisions of ASU No. 2016-13 on September 1, 2020 and are currently evaluating the impact of this guidance on our financial position, results of operations, and disclosures.

Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement

In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (ASU 2018-15). This guidance clarifies the accounting for implementation costs in a cloud computing arrangement that is a service contract and aligns the requirements for capitalizing those costs with the capitalization requirements for costs incurred to develop or obtain internal-use software. The new standard is effective for interim and annual periods beginning after December 15, 2019, and early adoption is permitted. We are currently evaluating the effects, if any, the adoption of ASU 2018-15 may have on our financial position, results of operations, cash flows, or disclosures.

Inventories

6 Months Ended

Feb. 29, 2020

Inventories [Abstract]

Inventories

NOTE 2 – INVENTORIES

Inventories are stated at the lower of cost or net realizable value, cost being determined using the first-in, first-out method, and were comprised of the following (in thousands):



		February 29,		August 31,
		2020		2019
Finished goods	$	2,775	$	3,434
Raw materials		20		47
	$	2,795	$	3,481

Term Notes Payable

6 Months Ended

Feb. 29, 2020

Term Notes Payable [Abstract]

Term Notes Payable

NOTE 3 – TERM NOTES PAYABLE

Pursuant to the credit agreement we obtained in August 2019 (the 2019 Credit Agreement), we have the ability to borrow up to $25.0 million in term loans. At August 31, 2019, we had borrowed $20.0 million of the available term loan amount. During November 2019, we borrowed the remaining $5.0 million term loan available on the 2019 Credit Agreement. The additional $5.0 million term loan has the same terms and conditions as the previous term loan and does not change the amount of our quarterly principal payments. However, the maturity date of the term loans is extended for one year as a result of the additional payments. At February 29, 2020, our future principal payments on the term loans are as follows (in thousands):



YEAR ENDING AUGUST 31,		Amount
2020	$	2,500
2021		5,000
2022		5,000
2023		5,000
2024		5,000
	$	22,500

Fair Value Of Financial Instruments

6 Months Ended

Feb. 29, 2020

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

NOTE 4 – FAIR VALUE OF FINANCIAL INSTRUMENTS

At February 29, 2020, the carrying value of our financial instruments approximated their fair values. The fair values of our contingent consideration liabilities from previous business acquisitions are considered “Level 3” measurements because we use various estimates in the valuation models to project the timing and amount of future contingent payments. The fair value of the contingent consideration liabilities from the acquisitions of Jhana Education (Jhana) and Robert Gregory Partners (RGP) changed as follows during the quarter and two quarters ended February 29, 2020 (in thousands):



	Jhana		RGP		Total
Balance at August 31, 2019	$	3,468	$	1,761	$	5,229
Change in fair value		98		(7)		91
Payments		(282)		(500)		(782)
Balance at November 30, 2019		3,284		1,254		4,538
Change in fair value		153		(335)		(182)
Payments		(129)		-		(129)
Balance at February 29, 2020	$	3,308	$	919	$	4,227

At each quarterly reporting date, we estimate the fair value of the contingent liabilities from both the Jhana and RGP acquisitions through the use of Monte Carlo simulations. Based on the timing of expected payments, $1.3 million of the Jhana and $0.5 million of the RGP contingent consideration liabilities were recorded as components of accrued liabilities on our condensed consolidated balance sheet at February 29, 2020. The remainder of our contingent consideration liabilities are classified as other long-term liabilities. Adjustments to the fair value of our contingent consideration liabilities are included in selling, general, and administrative expense in the accompanying condensed consolidated statements of operations.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Leases

6 Months Ended

Feb. 29, 2020

Leases [Abstract]

Leases

NOTE 5 – LEASES

Lessee Obligations

In the normal course of business we rent office space, primarily for international sales administration offices, in commercial office complexes that are conducive to sales and administrative operations. We also rent warehousing and distribution facilities that are designed to provide secure storage and efficient distribution of our training products, books, and accessories. All of these leases are classified as operating leases. Operating lease assets and liabilities are recognized at the commencement date based on the present value of the lease payments over the lease term. Since most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. Leases with an initial term of 12 months or less are not recorded on the balance sheet. For operating leases, expense is recognized on a straight-line basis over the lease term. We do not have significant amounts of variable lease payments.

Some of our operating leases contain renewal options that may be exercised at our discretion after the completion of the base rental term. At February 29, 2020, we had operating leases with remaining terms ranging from less than one year to approximately six years. The amounts of assets and liabilities (in thousands) and other information related to our operating leases follows:



	Balance Sheet		February 29,
	Caption		2020
Assets:
Operating lease right of use assets	Other long-term assets	$	1,662

Liabilities:
Current:
Operating lease liabilities	Accrued liabilities		921
Long-Term:
Operating lease liabilities	Other long-term liabilities		741
		$	1,662

Weighted Average Remaining Lease Term:
Operating leases (years)			2.7

Weighted Average Discount Rate:
Operating leases			4.2	%

During the quarter and two quarters ended February 29, 2020, lease expense totaled $0.4 million and $0.8 million, respectively. For the quarter and two quarters ended February 28, 2019, lease expense also totaled $0.4 million and $0.8 million. Operating lease expense is reported in selling, general, and administrative expense in our condensed consolidated statements of operations.

The approximate future minimum lease payments under our operating leases at February 29, 2020, is as follows (in thousands):



YEAR ENDING AUGUST 31,		Amount
Remainder of 2020	$	541
2021		727
2022		202
2023		116
2024		93
Thereafter		98
Total operating lease payments		1,777
Less imputed interest		(115)
Present value of operating lease liabilities	$	1,662

Lessor Accounting

We have subleased the majority of our corporate headquarters campus located in Salt Lake City, Utah to multiple tenants. These sublease agreements are accounted for as operating leases. We recognize sublease income on a straight-line basis over the life of the sublease agreement. The cost basis of our corporate campus was $36.0 million, which had a carrying value of $6.6 million at February 29, 2020. The following future minimum lease payments due to us from our sublease agreements at February 29, 2020, are as follows (in thousands):



YEAR ENDING AUGUST 31,		Amount
Remainder of 2020	$	1,955
2021		2,341
2022		1,514
2023		1,514
2024		1,527
Thereafter		1,275
	$	10,126

For the quarter and two quarters ended February 29, 2020, sublease revenue totaled $1.0 million and $1.9 million, respectively. During the quarter and two quarters ended February 28, 2019, sublease revenue also totaled $1.0 million and $1.9 million. Sublease revenues are included in net sales in the accompanying condensed consolidated statements of operations.

Shareholders' Equity	6 Months Ended
Shareholders' Equity	Feb. 29, 2020
Shareholders' Equity [Abstract]
Shareholders' Equity	NOTE 6 – SHAREHOLDERS’ EQUITY In December 2019, Knowledge Capital Investment Group (Knowledge Capital), an investor which held 2.8 million shares of our common stock stemming from its initial investment in Franklin Covey over 20 years ago, wound up its operations and distributed its assets to investors. On December 9, 2019, prior to the distribution of its assets to investors, we purchased 284,608 shares of our common stock from Knowledge Capital at $35.1361 per share, for an aggregate purchase price of $10.1 million, including legal costs. Our CEO and a member of our Board of Directors each owned a partnership interest in Knowledge Capital. As of the date hereof, Knowledge Capital does not own any shares of our common stock.

Revenue	6 Months Ended
Revenue	Feb. 29, 2020
Revenue [Abstract]
Revenue	NOTE 7 – REVENUE Contract Balances Our deferred revenue totaled $56.9 million at February 29, 2020 and $65.8 million at August 31, 2019, of which $2.6 million and $3.6 million were classified as components of other long-term liabilities at February 29, 2020, and August 31, 2019, respectively. The amount of deferred revenue that was generated from subscription offerings totaled $48.0 million at February 29, 2020 and $58.2 million at August 31, 2019. During the quarter and two quarters ended February 29, 2020, we recognized $21.4 million and $42.5 million of previously deferred subscription revenue. Remaining Performance Obligations When possible, we enter into multi-year non-cancellable contracts which are invoiced either upon execution of the contract or at the beginning of each annual contract period. ASC Topic 606 introduced the concept of remaining transaction price which represents contracted revenue that has not yet been recognized, including unearned revenue and unbilled amounts that will be recognized as revenue in future periods. Transaction price is influenced by factors such as seasonality, the average length of the contract term, and the ability of the Company to continue to enter multi-year non-cancellable contracts. At February 29, 2020, we had $82.7 million of remaining performance obligations, including the amount of deferred revenue related to our subscription offerings, of which approximately 75 percent will be recognized over the next 12 months. The remaining performance obligation does not include other deferred revenue, as amounts included in other deferred revenue include items such as deposits that are generally refundable at the client’s request prior to the satisfaction of the obligation. Disaggregated Revenue Information Refer to Note 11, Segment Information, to these condensed consolidated financial statements for our disaggregated revenue information.

Stock-Based Compensation

6 Months Ended

Feb. 29, 2020

Stock-Based Compensation [Abstract]

Stock-Based Compensation

NOTE 8 – STOCK-BASED COMPENSATION

The cost of our stock-based compensation plans is included in selling, general, and administrative expense in the accompanying condensed consolidated statements of operations. Our stock-based compensation expense was comprised of the following for the periods presented (in thousands):



		Quarter Ended			Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2020		2019		2020		2019
Long-term incentive awards	$	1,566	$	824	$	3,201	$	1,557
Restricted stock awards		175		175		350		350
Employee stock purchase plan		52		44		93		82
	$	1,793	$	1,043	$	3,644	$	1,989

During the two quarters ended February 29, 2020, we issued 270,531 shares of our common stock under various stock-based compensation arrangements. Our stock-based compensation plans also allow shares to be withheld to cover statutory income taxes if so elected by the award recipient. During the first two quarters of fiscal 2020, we withheld 103,117 shares of our common stock for taxes on stock-based compensation arrangements, which had a fair value of $3.6 million. The following is a description of the developments in our stock-based compensation plans during the quarter and two quarters ended February 29, 2020.

Stock Options

During December 2019, our Chief Executive Officer (CEO) and Chief Financial Officer (CFO) exercised stock options. Nearly all of the stock options exercised would have expired in January 2020. The following information applies to our stock option activity during the two quarters ended February 29, 2020.



			Weighted
			Avg. Exercise
	Number of		Price Per
	Stock Options		Share
Outstanding at August 31, 2019	568,750	$	11.67
Granted	-		-
Exercised	(350,000)		(11.73)
Forfeited	-		-

Outstanding at February 29, 2020	218,750	$	11.57

Options vested and exercisable at
February 29, 2020	218,750	$	11.57

The stock options were exercised on a net basis (no cash was paid to exercise the options) and we withheld 102,656 shares of our common stock with a fair value of $3.6 million for income taxes. The intrinsic value of the exercised options totaled $8.0 million and we recognized an income tax benefit of $1.8 million (Note 9) during the quarter ended February 29, 2020. The remaining stock options outstanding at February 29, 2020 expire in January 2021.

Fiscal 2020 Restricted Stock Award

Our annual restricted stock award granted to non-employee members of the Board of Directors is administered under the terms of the 2019 Franklin Covey Co. Omnibus Incentive Plan, and is designed to provide our non-employee directors, who are not eligible to participate in our employee stock purchase plan, an opportunity to obtain an interest in the Company through the acquisition of shares of our common stock. The annual award is granted in January (following the annual shareholders’ meeting) of each year. For the fiscal 2020 award, each eligible director received a whole-share grant equal to $100,000 with a one-year vesting period. Our restricted stock award activity during the two quarters ended February 29, 2020 consisted of the following:



			Weighted-Average
			Grant Date
	Number of		Fair Value
	Shares		Per Share
Restricted stock awards at
August 31, 2019	28,525	$	24.54
Granted	21,420		32.68
Forfeited	-		-
Vested	(28,525)		24.54
Restricted stock awards at
February 29, 2020	21,420	$	32.68

At February 29, 2020, there was $0.6 million of unrecognized compensation expense remaining on the fiscal 2020 Board of Director restricted share award.

Fiscal 2020 Long-Term Incentive Plan Award

On October 18, 2019, the Organization and Compensation Committee of the Board of Directors granted a new long-term incentive plan (LTIP) award to our executive officers and members of senior management. The fiscal 2020 LTIP award is similar to the fiscal 2019 LTIP award and has three tranches, one of which has a time-based vesting condition and two of which have performance-based vesting conditions as described below:

Time-Based Award Shares – Twenty-five percent of the 2020 LTIP award shares vest to participants after three years of service. The total number of shares that may be earned by participants after three years of service is 25,101 shares. The number of shares awarded in this tranche is not variable and will not fluctuate based on financial measures.

Performance-Based Award Shares – The remaining two tranches of the 2020 LTIP award are based on fiscal 2022 qualified adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) and fiscal 2022 subscription service sales, respectively. The number of shares that will vest to participants for these two tranches is variable and may be 50 percent of the award (minimum award threshold) or up to 200 percent of the participant’s award (maximum threshold) depending on the levels of qualified Adjusted EBITDA and subscription service sales achieved. The number of shares that may be earned for achieving 100 percent of the performance-based objectives totals 75,315 shares. The maximum number of shares that may be awarded in connection with the performance-based tranches of the 2020 LTIP totals 150,630 shares.

The fiscal 2020 LTIP has a three-year life and expires on August 31, 2022.

Compensation expense recognized during the quarter and two quarters ended February 29, 2020, for long-term incentive plan awards in the table above includes expense related to awards granted in previous periods for which we believe the performance conditions are probable of being achieved.

Employee Stock Purchase Plan

We have an employee stock purchase plan (ESPP) that offers qualified employees the opportunity to purchase shares of our common stock at a price equal to 85 percent of the average fair market value of our common stock on the last trading day of each fiscal quarter. During the quarter and two quarters ended February 29, 2020, we issued 7,293 shares and 15,427 shares of our common stock to participants in the ESPP.

Income Taxes	6 Months Ended
Income Taxes	Feb. 29, 2020
Income Taxes [Abstract]
Income Taxes	NOTE 9 – INCOME TAXES For the two quarters ended February 29, 2020, we recorded an income tax benefit of $2.2 million on a pre-tax loss of $1.7 million, which resulted in an effective tax benefit rate of approximately 133 percent for the first half of fiscal 2020. We computed income taxes by applying an estimated annual effective income tax rate to the consolidated pre-tax loss for the period, adjusting for discrete items arising during the period, including the exercise of stock options during the second quarter of fiscal 2020 (Note 8). The exercise of stock options during fiscal 2020 produced an income tax benefit of $1.8 million for the period. Our annual effective rate was greater than our U.S. statutory rate, primarily due to non-deductible expenses and effective foreign tax rates which are significantly higher than the U.S. statutory rate.

Income (Loss) Per Share

6 Months Ended

Feb. 29, 2020

Income (Loss) Per Share [Abstract]

Income (Loss) Per Share

NOTE 10 – INCOME (LOSS) PER SHARE

The following schedule shows the calculation of income (loss) per share for the periods presented (in thousands, except per-share amounts).



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2020		2019		2020		2019
Numerator for basic and
diluted loss per share:
Net income (loss)	$	1,097	$	(3,517)	$	553	$	(4,874)

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		13,841		13,937		13,911		13,927
Effect of dilutive securities:
Stock options and other
stock-based awards		149		-		207		-
Diluted weighted average
shares outstanding		13,990		13,937		14,118		13,927

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	0.08	$	(0.25)	$	0.04	$	(0.35)

Segment Information

6 Months Ended

Feb. 29, 2020

Segment Information [Abstract]

Segment Information

NOTE 11 – SEGMENT INFORMATION

Segment Information

Our sales are primarily comprised of training and consulting services. Our internal reporting and operating structure is currently organized around two divisions. The Enterprise Division, which consists of our Direct Office and International Licensee segments and the Education Division, which is comprised of our Education practice. Based on the applicable guidance, our operations are comprised of three reportable segments and a corporate services group. The following is a brief description of our reportable segments:

Direct Offices – Our Direct Office segment has a depth of expertise in helping organizations solve problems that require changes in human behavior, including leadership, productivity, execution, trust, and sales performance. We have a variety of principle-based offerings that help build winning and profitable cultures. This segment includes our sales personnel that serve the United States and Canada; our international sales offices located in Japan, China, the United Kingdom, Australia, Germany, Switzerland, and Austria; our government services sales channel; and our public programs operations.

International Licensees – Our independently owned international licensees provide our offerings and services in countries where we do not have a directly-owned office. These licensee partners allow us to expand the reach of our services to large multinational organizations as well as smaller organizations in their countries. This segment’s results are primarily comprised of royalty revenues received from these licensees.

Education Practice – Centered around the principles found in The Leader in Me, the Education practice is dedicated to helping educational institutions build a culture that will produce great results. We believe these results are manifested by increases in student performance, improved school culture, decreased disciplinary issues, and increased teacher engagement and parental involvement. This segment includes our domestic and international Education practice operations, which are focused on sales to educational institutions such as elementary schools, high schools, and colleges and universities.

Corporate and Other – Our corporate and other information includes leasing operations, shipping and handling revenues, royalty revenues from Franklin Planner Corp. (Note 12), and certain corporate administrative functions.

We have determined that the Company’s chief operating decision maker is the CEO, and the primary measurement tool used in business unit performance analysis is Adjusted EBITDA, which may not be calculated as similarly titled amounts disclosed by other companies. Adjusted EBITDA is a non-GAAP financial measure. For reporting purposes, our consolidated Adjusted EBITDA may be calculated as our net income or loss excluding interest expense, income taxes, depreciation expense, amortization expense, stock-based compensation expense, and certain other charges such as adjustments for changes in the fair value of contingent liabilities arising from business acquisitions. We reference this non-GAAP financial measure in our decision making because it provides supplemental information that facilitates consistent internal comparisons to the historical operating performance of prior periods and we believe it provides investors with greater transparency to evaluate operational activities and financial results.

Our operations are not capital intensive and we do not own any manufacturing facilities or equipment. Accordingly, we do not allocate assets to the reportable segments for analysis purposes. Interest expense and interest income are primarily generated at the corporate level and are not allocated. Income taxes are likewise calculated and paid on a corporate level (except for entities that operate in foreign jurisdictions) and are not allocated for analysis purposes. We periodically make minor changes to our reporting structure in the normal course of operations. The segment information presented below reflects certain revisions to our reporting structure which occurred during the second quarter of fiscal 2019. Prior period segment information has been revised to conform with our current segment reporting.

We account for the following segment information on the same basis as the accompanying condensed consolidated financial statements (in thousands).



		Sales to
Quarter Ended		External				Adjusted
February 29, 2020		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	37,973	$	28,702	$	4,734
International licensees		2,691		2,237		1,384
		40,664		30,939		6,118
Education practice		10,893		6,460		(1,068)
Corporate and eliminations		2,188		1,267		(994)
Consolidated	$	53,745	$	38,666	$	4,056

Quarter Ended
February 28, 2019

Enterprise Division:
Direct offices	$	36,414	$	27,294	$	2,543
International licensees		2,906		2,221		1,218
		39,320		29,515		3,761
Education practice		9,698		5,429		(909)
Corporate and eliminations		1,338		422		(1,888)
Consolidated	$	50,356	$	35,366	$	964

Two Quarters Ended
February 29, 2020

Enterprise Division:
Direct offices	$	80,085	$	60,113	$	10,444
International licensees		6,411		5,357		3,419
		86,496		65,470		13,863
Education practice		21,974		13,117		(2,171)
Corporate and eliminations		3,887		2,108		(2,675)
Consolidated	$	112,357	$	80,695	$	9,017

Two Quarters Ended
February 28, 2019

Enterprise Division:
Direct offices	$	74,885	$	54,364	$	6,183
International licensees		6,583		5,084		2,846
		81,468		59,448		9,029
Education practice		20,044		11,822		(1,174)
Corporate and eliminations		2,673		878		(3,722)
Consolidated	$	104,185	$	72,148	$	4,133

A reconciliation of our consolidated Adjusted EBITDA to consolidated net income (loss) is provided below (in thousands).



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2020		2019		2020		2019
Segment Adjusted EBITDA	$	5,050	$	2,852	$	11,692	$	7,855
Corporate expenses		(994)		(1,888)		(2,675)		(3,722)
Consolidated Adjusted EBITDA		4,056		964		9,017		4,133
Stock-based compensation expense		(1,793)		(1,043)		(3,644)		(1,989)
Decrease (increase) in the fair value of
contingent consideration liabilities		182		(52)		91		(76)
Knowledge Capital wind-down costs		-		-		(389)		-
Licensee transition costs		-		(428)		-		(488)
Depreciation		(1,653)		(1,697)		(3,273)		(3,251)
Amortization		(1,170)		(1,300)		(2,340)		(2,538)
Loss from operations		(378)		(3,556)		(538)		(4,209)
Interest income		13		9		18		22
Interest expense		(557)		(623)		(1,162)		(1,255)
Discount accretion on related
party receivable		-		243		-		258
Loss before income taxes		(922)		(3,927)		(1,682)		(5,184)
Income tax benefit		2,019		410		2,235		310
Net income (loss)	$	1,097	$	(3,517)	$	553	$	(4,874)

Revenue 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,
		2020		2019		2020		2019

Americas	$	42,721	$	39,839	$	86,756	$	80,757
Asia Pacific		7,089		7,398		17,228		16,678
Europe/Middle East/Africa		3,935		3,119		8,373		6,750
	$	53,745	$	50,356	$	112,357	$	104,185

The following table presents our revenue disaggregated by type of service (in thousands).



Quarter Ended		Services and						Leases and
February 29, 2020		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	21,644	$	15,172	$	1,157	$	-	$	37,973
International licensees		410		-		2,281		-		2,691
		22,054		15,172		3,438		-		40,664
Education practice		2,950		6,192		1,751		-		10,893
Corporate and eliminations		-		-		935		1,253		2,188
Consolidated	$	25,004	$	21,364	$	6,124	$	1,253	$	53,745

Quarter Ended
February 28, 2019

Enterprise Division:
Direct offices	$	23,102	$	12,416	$	896	$	-	$	36,414
International licensees		517		-		2,389		-		2,906
		23,619		12,416		3,285		-		39,320
Education practice		2,583		5,368		1,747		-		9,698
Corporate and eliminations		-		-		-		1,338		1,338
Consolidated	$	26,202	$	17,784	$	5,032	$	1,338	$	50,356

Two Quarters Ended
February 29, 2020

Enterprise Division:
Direct offices	$	48,895	$	29,461	$	1,729	$	-	$	80,085
International licensees		1,000		-		5,411		-		6,411
		49,895		29,461		7,140		-		86,496
Education practice		6,535		13,010		2,429		-		21,974
Corporate and eliminations		-		-		1,314		2,573		3,887
Consolidated	$	56,430	$	42,471	$	10,883	$	2,573	$	112,357

Two Quarters Ended
February 28, 2019

Enterprise Division:
Direct offices	$	48,111	$	25,091	$	1,683	$	-	$	74,885
International licensees		1,389		-		5,194		-		6,583
		49,500		25,091		6,877		-		81,468
Education practice		6,501		11,080		2,463		-		20,044
Corporate and eliminations		-		-		-		2,673		2,673
Consolidated	$	56,001	$	36,171	$	9,340	$	2,673	$	104,185

Investment In FC Organizational Products	6 Months Ended
Investment In FC Organizational Products	Feb. 29, 2020
Investment In FC Organizational Products [Abstract]
Investment In FC Organizational Products	NOTE 12 – INVESTMENT IN FC ORGANIZATIONAL PRODUCTS We owned a 19.5 percent interest in FC Organizational Products (FCOP), an entity that purchased substantially all of our consumer solutions business unit assets in fiscal 2008 for the purpose of selling planners and related organizational products under a comprehensive licensing agreement. On November 4, 2019, FCOP sold substantially all of its assets to Franklin Planner Corporation (FPC), a new unrelated entity, and FCOP was dissolved. FPC is expected to continue FCOP’s business of selling planners and other related consumer products based on the license agreement which granted FCOP the exclusive rights described below. In connection with this transaction, we exchanged approximately $3.2 million of receivables from FCOP to amend the term and royalty provisions of the existing license agreement. The $3.2 million included a $2.6 million note receivable, which represented FCOP’s third-party bank debt that we purchased directly from the bank on the transaction date. The amended license agreement grants the exclusive right to use certain of our trademarks and other intellectual property in connection with certain consumer products and provides us with minimum royalties of approximately $1.3 million per year. We are also entitled to receive additional variable royalties if certain FPC financial metrics exceed specified levels. FPC assumed the amended license agreement from FCOP upon the purchase of FCOP assets. We recorded the $3.2 million consideration for the amendment to the license agreement as a capitalized cost of the license and will reduce our royalty revenue by amortizing this amount over the remainder of the initial term of the license agreement, which ends in approximately 30 years. During the quarter and two quarters ended February 29, 2020, we recognized $0.9 million and $1.3 million of net royalty revenues from the amended license agreement with FPC. We do not have an ownership interest in FPC, do not have any obligation to provide additional subordinated support to FPC, and do not have control over the day-to-day operations of FPC, which primarily consist of the sale of planning products and accessories. We receive payments for royalties and rented space from FPC. At February 29, 2020, we had $0.9 million receivable from FPC and at August 31, 2019, we had $1.0 million receivable from FCOP, each of which are recorded in current assets. Since most of FPC’s sales and cash flows are seasonal and occur between October and January, we expect to receive the majority of the required cash payments for royalties and outstanding receivables during our second and third quarters of each fiscal year. During the quarter ended February 29, 2020, we received $1.9 million of cash from FPC as payment for royalties and reimbursable operating costs.

Subsequent Events	6 Months Ended
Subsequent Events	Feb. 29, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 13 – SUBSEQUENT EVENTS Effects of COVID-19 Pandemic With the rapid spread of COVID-19 around the world and the continuously evolving responses to the pandemic, we have witnessed the significant and growing negative impact of COVID-19 on the global economic and operating environment. Due to the rapidly changing business and education environment, unprecedented market volatility, and other circumstances resulting from the COVID-19 pandemic, we are currently unable to fully determine the extent of COVID-19’s impact on our business in future periods. However, we are monitoring the rapidly evolving situation and its potential impacts on our financial position, results of operations, and cash flows. Revolving Line of Credit Subsequent to February 29, 2020, we obtained $14.9 million of cash (the available proceeds) from our revolving line of credit. These proceeds will be included in our reported cash balance for future periods until the amount is repaid.

Basis Of Presentation (Policy)

6 Months Ended

Feb. 29, 2020

Basis Of Presentation [Abstract]

General

In the training and consulting marketplace, we believe there are three important characteristics that distinguish us from our competitors.

We are committed to, and measure ourselves by, our clients’ achievement of transformational results.

Our fiscal year ends on August 31 of each year and our fiscal quarters end on the last day of November, February, and May of each year.

The results of operations for the quarter ended February 29, 2020 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2020, or for any future periods.

Accounting Pronouncements Issued And Adopted

Accounting Pronouncements Issued and Adopted

Accounting Pronouncements Issued Not Yet Adopted

Credit Losses on Financial Instruments

Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement

Inventories (Tables)

6 Months Ended

Feb. 29, 2020

Inventories [Abstract]

Components Of Inventories



		February 29,		August 31,
		2020		2019
Finished goods	$	2,775	$	3,434
Raw materials		20		47
	$	2,795	$	3,481

Term Notes Payable (Tables)

6 Months Ended

Feb. 29, 2020

Term Notes Payable [Abstract]

Future Principal Payments By Fiscal Year



YEAR ENDING AUGUST 31,		Amount
2020	$	2,500
2021		5,000
2022		5,000
2023		5,000
2024		5,000
	$	22,500

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Fair Value Of Financial Instruments (Tables)

6 Months Ended

Feb. 29, 2020

Fair Value Of Financial Instruments [Abstract]

Schedule Of Contingent Consideration Liability



	Jhana		RGP		Total
Balance at August 31, 2019	$	3,468	$	1,761	$	5,229
Change in fair value		98		(7)		91
Payments		(282)		(500)		(782)
Balance at November 30, 2019		3,284		1,254		4,538
Change in fair value		153		(335)		(182)
Payments		(129)		-		(129)
Balance at February 29, 2020	$	3,308	$	919	$	4,227

Leases (Tables)

6 Months Ended

Feb. 29, 2020

Leases [Abstract]

Assets And Liabilities Related To Operating Leases



	Balance Sheet		February 29,
	Caption		2020
Assets:
Operating lease right of use assets	Other long-term assets	$	1,662

Liabilities:
Current:
Operating lease liabilities	Accrued liabilities		921
Long-Term:
Operating lease liabilities	Other long-term liabilities		741
		$	1,662

Weighted Average Remaining Lease Term:
Operating leases (years)			2.7

Weighted Average Discount Rate:
Operating leases			4.2	%

Future Minimum Lease Payments Under Operating Leases



YEAR ENDING AUGUST 31,		Amount
Remainder of 2020	$	541
2021		727
2022		202
2023		116
2024		93
Thereafter		98
Total operating lease payments		1,777
Less imputed interest		(115)
Present value of operating lease liabilities	$	1,662

Future Minimum Lease Payments From Sublease



YEAR ENDING AUGUST 31,		Amount
Remainder of 2020	$	1,955
2021		2,341
2022		1,514
2023		1,514
2024		1,527
Thereafter		1,275
	$	10,126

Stock-Based Compensation (Tables)

6 Months Ended

Feb. 29, 2020

Stock-Based Compensation [Abstract]

Total Cost Of Stock-Based Compensation



		Quarter Ended			Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2020		2019		2020		2019
Long-term incentive awards	$	1,566	$	824	$	3,201	$	1,557
Restricted stock awards		175		175		350		350
Employee stock purchase plan		52		44		93		82
	$	1,793	$	1,043	$	3,644	$	1,989

Stock Option Activity



			Weighted
			Avg. Exercise
	Number of		Price Per
	Stock Options		Share
Outstanding at August 31, 2019	568,750	$	11.67
Granted	-		-
Exercised	(350,000)		(11.73)
Forfeited	-		-

Outstanding at February 29, 2020	218,750	$	11.57

Options vested and exercisable at
February 29, 2020	218,750	$	11.57

Restricted Stock Award Activity



			Weighted-Average
			Grant Date
	Number of		Fair Value
	Shares		Per Share
Restricted stock awards at
August 31, 2019	28,525	$	24.54
Granted	21,420		32.68
Forfeited	-		-
Vested	(28,525)		24.54
Restricted stock awards at
February 29, 2020	21,420	$	32.68

Income (Loss) Per Share (Tables)

6 Months Ended

Feb. 29, 2020

Income (Loss) Per Share [Abstract]

Computation Of Loss Per Share



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2020		2019		2020		2019
Numerator for basic and
diluted loss per share:
Net income (loss)	$	1,097	$	(3,517)	$	553	$	(4,874)

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		13,841		13,937		13,911		13,927
Effect of dilutive securities:
Stock options and other
stock-based awards		149		-		207		-
Diluted weighted average
shares outstanding		13,990		13,937		14,118		13,927

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	0.08	$	(0.25)	$	0.04	$	(0.35)

Segment Information (Tables)

6 Months Ended

Feb. 29, 2020

Segment Information [Abstract]

Schedule Of Segment Operations



		Sales to
Quarter Ended		External				Adjusted
February 29, 2020		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	37,973	$	28,702	$	4,734
International licensees		2,691		2,237		1,384
		40,664		30,939		6,118
Education practice		10,893		6,460		(1,068)
Corporate and eliminations		2,188		1,267		(994)
Consolidated	$	53,745	$	38,666	$	4,056

Quarter Ended
February 28, 2019

Enterprise Division:
Direct offices	$	36,414	$	27,294	$	2,543
International licensees		2,906		2,221		1,218
		39,320		29,515		3,761
Education practice		9,698		5,429		(909)
Corporate and eliminations		1,338		422		(1,888)
Consolidated	$	50,356	$	35,366	$	964

Two Quarters Ended
February 29, 2020

Enterprise Division:
Direct offices	$	80,085	$	60,113	$	10,444
International licensees		6,411		5,357		3,419
		86,496		65,470		13,863
Education practice		21,974		13,117		(2,171)
Corporate and eliminations		3,887		2,108		(2,675)
Consolidated	$	112,357	$	80,695	$	9,017

Two Quarters Ended
February 28, 2019

Enterprise Division:
Direct offices	$	74,885	$	54,364	$	6,183
International licensees		6,583		5,084		2,846
		81,468		59,448		9,029
Education practice		20,044		11,822		(1,174)
Corporate and eliminations		2,673		878		(3,722)
Consolidated	$	104,185	$	72,148	$	4,133

Reconciliation Of Adjusted EBITDA



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2020		2019		2020		2019
Segment Adjusted EBITDA	$	5,050	$	2,852	$	11,692	$	7,855
Corporate expenses		(994)		(1,888)		(2,675)		(3,722)
Consolidated Adjusted EBITDA		4,056		964		9,017		4,133
Stock-based compensation expense		(1,793)		(1,043)		(3,644)		(1,989)
Decrease (increase) in the fair value of
contingent consideration liabilities		182		(52)		91		(76)
Knowledge Capital wind-down costs		-		-		(389)		-
Licensee transition costs		-		(428)		-		(488)
Depreciation		(1,653)		(1,697)		(3,273)		(3,251)
Amortization		(1,170)		(1,300)		(2,340)		(2,538)
Loss from operations		(378)		(3,556)		(538)		(4,209)
Interest income		13		9		18		22
Interest expense		(557)		(623)		(1,162)		(1,255)
Discount accretion on related
party receivable		-		243		-		258
Loss before income taxes		(922)		(3,927)		(1,682)		(5,184)
Income tax benefit		2,019		410		2,235		310
Net income (loss)	$	1,097	$	(3,517)	$	553	$	(4,874)

Disaggregation Of Revenue

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,
		2020		2019		2020		2019

Americas	$	42,721	$	39,839	$	86,756	$	80,757
Asia Pacific		7,089		7,398		17,228		16,678
Europe/Middle East/Africa		3,935		3,119		8,373		6,750
	$	53,745	$	50,356	$	112,357	$	104,185

The following table presents our revenue disaggregated by type of service (in thousands).



Quarter Ended		Services and						Leases and
February 29, 2020		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	21,644	$	15,172	$	1,157	$	-	$	37,973
International licensees		410		-		2,281		-		2,691
		22,054		15,172		3,438		-		40,664
Education practice		2,950		6,192		1,751		-		10,893
Corporate and eliminations		-		-		935		1,253		2,188
Consolidated	$	25,004	$	21,364	$	6,124	$	1,253	$	53,745

Quarter Ended
February 28, 2019

Enterprise Division:
Direct offices	$	23,102	$	12,416	$	896	$	-	$	36,414
International licensees		517		-		2,389		-		2,906
		23,619		12,416		3,285		-		39,320
Education practice		2,583		5,368		1,747		-		9,698
Corporate and eliminations		-		-		-		1,338		1,338
Consolidated	$	26,202	$	17,784	$	5,032	$	1,338	$	50,356

Two Quarters Ended
February 29, 2020

Enterprise Division:
Direct offices	$	48,895	$	29,461	$	1,729	$	-	$	80,085
International licensees		1,000		-		5,411		-		6,411
		49,895		29,461		7,140		-		86,496
Education practice		6,535		13,010		2,429		-		21,974
Corporate and eliminations		-		-		1,314		2,573		3,887
Consolidated	$	56,430	$	42,471	$	10,883	$	2,573	$	112,357

Two Quarters Ended
February 28, 2019

Enterprise Division:
Direct offices	$	48,111	$	25,091	$	1,683	$	-	$	74,885
International licensees		1,389		-		5,194		-		6,583
		49,500		25,091		6,877		-		81,468
Education practice		6,501		11,080		2,463		-		20,044
Corporate and eliminations		-		-		-		2,673		2,673
Consolidated	$	56,001	$	36,171	$	9,340	$	2,673	$	104,185

Basis Of Presentation (Narrative) (Details) $ in Thousands	6 Months Ended
Basis Of Presentation (Narrative) (Details) $ in Thousands	Feb. 29, 2020 USD ($) country item	Sep. 01, 2019 USD ($)
Business Acquisition [Line Items]
Number of areas of expertise \| item	7
Number of important distinguishing characteristics from competitors \| item	3
Operating lease liabilities	$ 1,662
Operating lease right of use assets	$ 1,662
Accounting Standards Update 2016-02 [Member]
Business Acquisition [Line Items]
Operating lease liabilities		$ 1,500
Operating lease right of use assets		$ 1,500
Minimum [Member]
Business Acquisition [Line Items]
Number of countries in which entity operates \| country	140

Inventories (Components Of Inventories) (Details) - USD ($) $ in Thousands	Feb. 29, 2020	Aug. 31, 2019
Inventories [Abstract]
Finished goods	$ 2,775	$ 3,434
Raw materials	20	47
Inventories	$ 2,795	$ 3,481

Term Notes Payable (Narrative) (Details) - Term Loan [Member] - Credit 2019 Agreement [Member] - USD ($)	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019
Debt Instrument [Line Items]
Loan amount		$ 5,000,000	$ 20,000,000
Maximum [Member]
Debt Instrument [Line Items]
Loan amount	$ 25,000,000

Term Notes Payable (Future Principal Payments By Fiscal Year) (Details) - Term Loan [Member] $ in Thousands	Feb. 29, 2020 USD ($)
Debt Instrument [Line Items]
2020	$ 2,500
2021	5,000
2022	5,000
2023	5,000
2024	5,000
Total	$ 22,500

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	Feb. 29, 2020	Nov. 30, 2019	Aug. 31, 2019
Contingent consideration	$ 4,227	$ 4,538	$ 5,229
Jhana [Member]
Contingent consideration	3,308	3,284	3,468
Jhana [Member] \| Accrued Liabilities [Member]
Contingent consideration	1,300
RGP [Member]
Contingent consideration	919	$ 1,254	$ 1,761
RGP [Member] \| Accrued Liabilities [Member]
Contingent consideration	$ 500

Fair Value Of Financial Instruments (Schedule Of Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Feb. 29, 2020	Nov. 30, 2019	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	$ 4,538	$ 5,229		$ 5,229
Change in fair value	(182)	91	$ 52	(91)	$ 76
Payments	(129)	(782)
Contingent Liability at ending	4,227	4,538		4,227
Jhana [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	3,284	3,468		3,468
Change in fair value	153	98
Payments	(129)	(282)
Contingent Liability at ending	3,308	3,284		3,308
RGP [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	1,254	1,761		1,761
Change in fair value	(335)	(7)
Payments		(500)
Contingent Liability at ending	$ 919	$ 1,254		$ 919

Leases (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Millions	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Lessee, Lease, Description [Line Items]
Lease expense associated with operating leases	$ 0.4	$ 0.4	$ 0.8	$ 0.8
Sublease revenue	$ 1.0	$ 1.0	$ 1.9	$ 1.9
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	1 year		1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	6 years		6 years
Corporate Campus [Member]
Lessee, Lease, Description [Line Items]
Cost basis	$ 36.0		$ 36.0
Carrying value	$ 6.6		$ 6.6

Leases (Assets And Liabilities Related To Operating Leases) (Details) $ in Thousands	Feb. 29, 2020 USD ($)
Assets:
Operating lease right of use assets	$ 1,662
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Liabilities:
Current: Operating lease liabilities	$ 921
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccruedLiabilitiesCurrent
Long-Term: Operating lease liabilities	$ 741
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent
Operating lease liabilities	$ 1,662
Weighted Average Remaining Lease Term: Operating leases (years)	2 years 8 months 12 days
Weighted Average Discount Rate: Operating leases	4.20%

Leases (Future Minimum Lease Payments Under Operating Leases) (Details) $ in Thousands	Feb. 29, 2020 USD ($)
Leases [Abstract]
Remainder of 2020	$ 541
2021	727
2022	202
2023	116
2024	93
Thereafter	98
Total operating lease payments	1,777
Less imputed interest	(115)
Present value of operating lease liabilities	$ 1,662

Leases (Future Minimum Lease Payments From Sublease) (Details) $ in Thousands	Feb. 29, 2020 USD ($)
Operating Leases [Abstract]
Remainder of 2020	$ 1,955
2021	2,341
2022	1,514
2023	1,514
2024	1,527
Thereafter	1,275
Total	$ 10,126

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Dec. 31, 2019	Dec. 09, 2019
Class of Stock [Line Items]
Common stock shares purchased		284,608
Price per share		$ 35.1361
Purchase price		$ 10.1
Knowledge Capital [Member]
Class of Stock [Line Items]
Number of common stock shares held	2,800,000
Minimum [Member] \| Knowledge Capital [Member]
Class of Stock [Line Items]
Investment period	20 years

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Revenue (Narrative) (Details) - USD ($) $ in Millions	Feb. 29, 2020	Feb. 29, 2020	Aug. 31, 2019
Deferred revenue	$ 56.9	$ 56.9	$ 65.8
Other long-term liabilities	2.6	2.6	3.6
Remaining performance obligations	$ 82.7	$ 82.7
Percentage of remaining performance obligations will be recognized over the next 12 months	75.00%	75.00%
Subscription [Member]
Deferred revenue	$ 48.0	$ 48.0	$ 58.2
Deferred revenue recognized	$ 21.4	$ 42.5

Stock-Based Compensation (Narrative) (Details) $ in Millions		3 Months Ended	6 Months Ended
	Oct. 18, 2019 item shares	Feb. 29, 2020 USD ($) shares	Feb. 29, 2020 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued under terms of the award			270,531
Income tax benefit from exercise of stock options \| $			$ 1.8
Fiscal 2020 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item	3
Life of awards	3 years
Expiration date	Aug. 31, 2022
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price of common stock as a percent of the average fair market value			85.00%
Shares issued to employee stock purchase plan participants		7,293	15,427
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld for tax			103,117
Shares withheld for tax, fair value \| $			$ 3.6
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld for tax			102,656
Shares withheld for tax, fair value \| $			$ 3.6
Aggregate intrinsic value \| $		$ 8.0
Income tax benefit from exercise of stock options \| $		1.8
Restricted Stock Awards [Member] \| Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense \| $		$ 0.6	$ 0.6
Time-Based Award [Member] \| Fiscal 2020 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item	1
Performance-Based Award [Member] \| Fiscal 2020 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item	2
Tranche One [Member] \| Time-Based Award [Member] \| Fiscal 2020 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of shares plan participants are entitled to	25.00%
Vesting period of awards	3 years
Shares issued under terms of the award	25,101
Tranche Two and Three [Member] \| Performance-Based Award [Member] \| Fiscal 2020 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance-based objectives	100.00%
Shares issued under terms of the award	75,315
Tranche Two and Three [Member] \| Performance-Based Award [Member] \| Minimum [Member] \| Fiscal 2020 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted	50.00%
Tranche Two and Three [Member] \| Performance-Based Award [Member] \| Maximum [Member] \| Fiscal 2020 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted	200.00%
New shares granted	150,630

Stock-Based Compensation (Total Cost Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 1,793	$ 1,043	$ 3,644	$ 1,989
Long-Term Incentive Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	1,566	824	3,201	1,557
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	175	175	350	350
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 52	$ 44	$ 93	$ 82

Stock-Based Compensation (Stock Option Activity) (Details) - Stock Options [Member]	6 Months Ended
	Feb. 29, 2020 $ / shares shares
Number of Stock Options, Outstanding at August 31, 2019 \| shares	568,750
Number of Stock Options, Granted \| shares
Number of Stock Options, Exercised \| shares	(350,000)
Number of Stock Options, Forfeited \| shares
Number of Stock Options, Outstanding at February 29, 2020 \| shares	218,750
Number of Stock Options, Options vested and exercisable at February 29, 2020 \| shares	218,750
Weighted Average Exercise Price Per Share, Outstanding at August 31, 2019 \| $ / shares	$ 11.67
Weighted Average Exercise Price Per Share, Granted \| $ / shares
Weighted Average Exercise Price Per Share, Exercised \| $ / shares	(11.73)
Weighted Average Exercise Price Per Share, Forfeited \| $ / shares
Weighted Average Exercise Price Per Share, Outstanding at February 29, 2020 \| $ / shares	11.57
Weighted Average Exercise Price Per Share, Options vested and exercisable at February 29, 2020 \| $ / shares	$ 11.57

Stock-Based Compensation (Restricted Stock Award Activity) (Details) - Restricted Stock Awards [Member]	6 Months Ended
	Feb. 29, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards at August 31, 2019, Number of Shares \| shares	28,525
Granted, Number of Shares \| shares	21,420
Forfeited, Number of Shares \| shares
Vested, Number of Shares \| shares	(28,525)
Restricted stock awards at February 29, 2020, Number of Shares \| shares	21,420
Restricted stock awards at August 31, 2019, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 24.54
Granted, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	32.68
Forfeited, Weighted-Average Grant Date Fair Value Per Share \| $ / shares
Vested, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	24.54
Restricted stock awards at February 29, 2020, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 32.68

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Income Taxes [Abstract]
Income tax benefit	$ (2,019)	$ (410)	$ (2,235)	$ (310)
Pre-tax loss	$ (922)	$ (3,927)	$ (1,682)	$ (5,184)
Effective tax rate			133.00%
Income tax benefit from exercise of stock options			$ 1,800

Income (Loss) Per Share (Computation Of Loss Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Numerator for basic and diluted loss per share:
Net income (loss)	$ 1,097	$ (3,517)	$ 553	$ (4,874)
Denominator for basic and diluted loss per share:
Basic weighted average shares outstanding	13,841	13,937	13,911	13,927
Effect of dilutive securities:
Stock options and other stock-based awards	149		207
Diluted weighted average shares outstanding	13,990	13,937	14,118	13,927
EPS Calculations:
Net income (loss) per share: Basic and diluted	$ 0.08	$ (0.25)	$ 0.04	$ (0.35)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Segment Information (Narrative) (Details)	6 Months Ended
Segment Information (Narrative) (Details)	Feb. 29, 2020 segment item
Segment Information [Abstract]
Number of divisions	2
Number of operating reportable segments \| segment	3
Number of corporate services group	1

Segment Information (Schedule Of Segment Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Segment Reporting Information [Line Items]
Sales to External Customers	$ 53,745	$ 50,356	$ 112,357	$ 104,185
Gross Profit	38,666	35,366	80,695	72,148
Adjusted EBITDA	4,056	964	9,017	4,133
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	2,188	1,338	3,887	2,673
Gross Profit	1,267	422	2,108	878
Adjusted EBITDA	(994)	(1,888)	(2,675)	(3,722)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	5,050	2,852	11,692	7,855
Operating Segments [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	40,664	39,320	86,496	81,468
Gross Profit	30,939	29,515	65,470	59,448
Adjusted EBITDA	6,118	3,761	13,863	9,029
Operating Segments [Member] \| Education Practice [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	10,893	9,698	21,974	20,044
Gross Profit	6,460	5,429	13,117	11,822
Adjusted EBITDA	(1,068)	(909)	(2,171)	(1,174)
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	37,973	36,414	80,085	74,885
Gross Profit	28,702	27,294	60,113	54,364
Adjusted EBITDA	4,734	2,543	10,444	6,183
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	2,691	2,906	6,411	6,583
Gross Profit	2,237	2,221	5,357	5,084
Adjusted EBITDA	$ 1,384	$ 1,218	$ 3,419	$ 2,846

Segment Information (Reconciliation Of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Feb. 29, 2020	Nov. 30, 2019	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ 4,056		$ 964	$ 9,017	$ 4,133
Stock-based compensation expense	(1,793)		(1,043)	(3,644)	(1,989)
Decrease (increase) in the fair value of contingent consideration liabilities	182	$ (91)	(52)	91	(76)
Knowledge Capital wind-down costs				(389)
Licensee transition costs			(428)		(488)
Depreciation	(1,653)		(1,697)	(3,273)	(3,251)
Amortization	(1,170)		(1,300)	(2,340)	(2,538)
Loss from operations	(378)		(3,556)	(538)	(4,209)
Interest income	13		9	18	22
Interest expense	(557)		(623)	(1,162)	(1,255)
Discount accretion on related party receivable			243		258
Loss before income taxes	(922)		(3,927)	(1,682)	(5,184)
Income tax benefit	2,019		410	2,235	310
Net income (loss)	1,097		(3,517)	553	(4,874)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	5,050		2,852	11,692	7,855
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ (994)		$ (1,888)	$ (2,675)	$ (3,722)

Segment Information (Disaggregation Of Revenue By Geographic Region) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 53,745	$ 50,356	$ 112,357	$ 104,185
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	42,721	39,839	86,756	80,757
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue	7,089	7,398	17,228	16,678
Europe/Middle East/Africa [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 3,935	$ 3,119	$ 8,373	$ 6,750

Segment Information (Disaggregation Of Revenue By Type Of Service) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Feb. 28, 2019	Feb. 29, 2020	Feb. 28, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 53,745	$ 50,356	$ 112,357	$ 104,185
Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,188	1,338	3,887	2,673
Services And Products [Member]
Disaggregation of Revenue [Line Items]
Revenue	25,004	26,202	56,430	56,001
Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue	21,364	17,784	42,471	36,171
Royalties [Member]
Disaggregation of Revenue [Line Items]
Revenue	6,124	5,032	10,883	9,340
Royalties [Member] \| Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	935		1,314
Leases And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,253	1,338	2,573	2,673
Leases And Other [Member] \| Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,253	1,338	2,573	2,673
Operating Segments [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	40,664	39,320	86,496	81,468
Operating Segments [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	10,893	9,698	21,974	20,044
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	37,973	36,414	80,085	74,885
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,691	2,906	6,411	6,583
Operating Segments [Member] \| Services And Products [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	22,054	23,619	49,895	49,500
Operating Segments [Member] \| Services And Products [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,950	2,583	6,535	6,501
Operating Segments [Member] \| Services And Products [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	21,644	23,102	48,895	48,111
Operating Segments [Member] \| Services And Products [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	410	517	1,000	1,389
Operating Segments [Member] \| Subscriptions [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	15,172	12,416	29,461	25,091
Operating Segments [Member] \| Subscriptions [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	6,192	5,368	13,010	11,080
Operating Segments [Member] \| Subscriptions [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	15,172	12,416	29,461	25,091
Operating Segments [Member] \| Royalties [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,438	3,285	7,140	6,877
Operating Segments [Member] \| Royalties [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,751	1,747	2,429	2,463
Operating Segments [Member] \| Royalties [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,157	896	1,729	1,683
Operating Segments [Member] \| Royalties [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 2,281	$ 2,389	$ 5,411	$ 5,194

Investment In FC Organizational Products (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Feb. 29, 2020	Feb. 29, 2020	Nov. 04, 2019	Aug. 31, 2019
Related Party Transaction [Line Items]
Receivable from related party			$ 3.2
Note receivable purchased from FCOP's third-party bank			$ 2.6
Minimum royalties	$ 1.3	$ 1.3
Term of license agreement		30 years
License Contract [Member]
Related Party Transaction [Line Items]
Capitalized contract cost	$ 3.2	$ 3.2
FCOP [Member]
Related Party Transaction [Line Items]
Percent ownership interest in related party	19.50%	19.50%
Receivable from related party				$ 1.0
FPC [Member]
Related Party Transaction [Line Items]
Receivable from related party	$ 0.9	$ 0.9
Cash from related parties	1.9
Royalty revenue	$ 0.9	$ 1.3

Subsequent Events (Narrative) (Details) - USD ($) $ in Thousands		6 Months Ended
	Mar. 01, 2020	Feb. 28, 2019
Subsequent Event [Line Items]
Cash from revolving line of credit		$ 46,032
Revolving Line Of Credit [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Cash from revolving line of credit	$ 14,900

Stock-Based Compensation (Stock Option Activity) (Details) - Stock Options [Member]	6 Months Ended
	Feb. 29, 2020 $ / shares shares
Number of Stock Options, Outstanding at August 31, 2019 \| shares	568,750
Number of Stock Options, Granted \| shares
Number of Stock Options, Exercised \| shares	(350,000)
Number of Stock Options, Forfeited \| shares
Number of Stock Options, Outstanding at February 29, 2020 \| shares	218,750
Number of Stock Options, Options vested and exercisable at February 29, 2020 \| shares	218,750
Weighted Average Exercise Price Per Share, Outstanding at August 31, 2019 \| $ / shares	$ 11.67
Weighted Average Exercise Price Per Share, Granted \| $ / shares
Weighted Average Exercise Price Per Share, Exercised \| $ / shares	(11.73)
Weighted Average Exercise Price Per Share, Forfeited \| $ / shares
Weighted Average Exercise Price Per Share, Outstanding at February 29, 2020 \| $ / shares	11.57
Weighted Average Exercise Price Per Share, Options vested and exercisable at February 29, 2020 \| $ / shares	$ 11.57