0000886206-21-000017 | 10-Q | XBRL Viewer

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Feb. 28, 2021	Mar. 31, 2021
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Feb. 28, 2021
Document Transition Report	false
Entity File Number	1-11107
Entity Registrant Name	FRANKLIN COVEY CO.
Entity Incorporation, State or Country Code	UT
Entity Tax Identification Number	87-0401551
Entity Address, Address Line One	2200 West Parkway Boulevard
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84119-2099
City Area Code	801
Local Phone Number	817-1776
Title of 12(b) Security	Common Stock, $.05 Par Value
Trading Symbol	FC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,145,630
Amendment Flag	false
Entity Central Index Key	0000886206
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--08-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 28, 2021	Aug. 31, 2020
Current assets:
Cash and cash equivalents	$ 40,343	$ 27,137
Accounts receivable, less allowance for doubtful accounts of $3,662 and $4,159	41,482	56,407
Inventories	2,641	2,974
Prepaid expenses and other current assets	15,799	15,146
Total current assets	100,265	101,664
Property and equipment, net	13,159	15,723
Intangible assets, net	44,864	47,125
Goodwill	24,220	24,220
Deferred income tax assets	843	1,094
Other long-term assets	15,378	15,611
Total assets	198,729	205,437
Current liabilities:
Current portion of term notes payable	5,000	5,000
Current portion of financing obligation	2,741	2,600
Accounts payable	5,060	5,622
Deferred subscription revenue	57,344	59,289
Other deferred revenue	8,126	7,389
Accrued liabilities	22,837	22,628
Total current liabilities	101,108	102,528
Term notes payable, less current portion	12,500	15,000
Financing obligation, less current portion	12,638	14,048
Other liabilities	8,631	9,110
Deferred income tax liabilities	4,812	5,298
Total liabilities	139,689	145,984
Shareholders’ equity:
Common stock, $0.05 par value; 40,000 shares authorized, 27,056 shares issued	1,353	1,353
Additional paid-in capital	208,816	211,920
Retained earnings	49,030	49,968
Accumulated other comprehensive income	915	641
Treasury stock at cost, 12,915 shares and 13,175 shares	(201,074)	(204,429)
Total shareholders’ equity	59,040	59,453
Total liabilities and shareholders' equity	$ 198,729	$ 205,437

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Feb. 28, 2021	Aug. 31, 2020
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 3,662	$ 4,159
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	40,000	40,000
Common stock, shares issued	27,056	27,056
Treasury stock, shares	12,915	13,175

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) [Abstract]
Net sales	$ 48,162	$ 53,745	$ 96,486	$ 112,357
Cost of sales	10,822	15,079	22,760	31,662
Gross profit	37,340	38,666	73,726	80,695
Selling, general, and administrative	33,623	36,221	67,306	75,620
Depreciation	1,740	1,653	3,481	3,273
Amortization	1,133	1,170	2,265	2,340
Income (loss) from operations	844	(378)	674	(538)
Interest income	16	13	40	18
Interest expense	(540)	(557)	(1,108)	(1,162)
Income (loss) before income taxes	320	(922)	(394)	(1,682)
Income tax benefit (provision)	(366)	2,019	(544)	2,235
Net income (loss)	$ (46)	$ 1,097	$ (938)	$ 553
Net income (loss) per share:
Basic and diluted	$ 0.00	$ 0.08	$ (0.07)	$ 0.04
Weighted average number of common shares:
Basic	14,082	13,841	14,029	13,911
Diluted	14,082	13,990	14,029	14,118
COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ (46)	$ 1,097	$ (938)	$ 553
Foreign currency translation adjustments, net of income taxes of $0, $0, $0, and $0	(33)	90	274	53
Comprehensive income (loss)	$ (79)	$ 1,187	$ (664)	$ 606

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) [Abstract]
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Feb. 28, 2021	Feb. 29, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (938)	$ 553
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,746	5,613
Amortization of capitalized curriculum costs	1,750	2,029
Stock-based compensation	2,757	3,644
Deferred income taxes	(198)	(2,012)
Change in fair value of contingent consideration liabilities	46	(91)
Amortization of right-of-use operating lease assets	509
Loss on disposal of assets		38
Changes in assets and liabilities:
Decrease in accounts receivable, net	14,978	24,556
Decrease in inventories	346	681
Increase in prepaid expenses and other assets	(344)	(180)
Decrease in accounts payable and accrued liabilities	(244)	(6,959)
Decrease in deferred revenue	(1,497)	(8,888)
Decrease in income taxes payable/receivable	(87)	(1,605)
Decrease in other long-term liabilities	(912)	(6)
Net cash provided by operating activities	21,912	17,373
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(877)	(2,516)
Curriculum development costs	(1,292)	(2,232)
Purchase of note receivable from bank		(2,600)
Net cash used for investing activities	(2,169)	(7,348)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from term notes payable		5,000
Principal payments on term notes payable	(2,500)	(2,500)
Principal payments on financing obligation	(1,269)	(1,139)
Purchases of common stock for treasury	(2,971)	(13,833)
Payment of contingent consideration liabilities	(540)	(911)
Proceeds from sales of common stock held in treasury	464	484
Net cash used for financing activities	(6,816)	(12,899)
Effect of foreign currency exchange rates on cash and cash equivalents	279	(15)
Net increase (decrease) in cash and cash equivalents	13,206	(2,889)
Cash and cash equivalents at the beginning of the period	27,137	27,699
Cash and cash equivalents at the end of the period	40,343	24,810
Supplemental disclosure of cash flow information:
Cash paid for income taxes	788	1,381
Cash paid for interest	1,085	1,144
Non-cash investing and financing activities:
Purchases of property and equipment financed by accounts payable	48	985
Acquisition of right-of-use operating lease assets for operating lease liabilities	$ 885
Use of notes receivable to modify revenue contract		$ 3,246

Condensed Consolidated Statements Of Changes In Shareholders' 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, 2019	27,056
Beginning balance at Aug. 31, 2019	$ 1,353	$ 215,964	$ 59,403	$ 269
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, shares
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
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
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
Ending balance, shares, Treasury at Feb. 29, 2020					(13,209)
Ending balance, Treasury at Feb. 29, 2020					$ (204,761)
Beginning balance, shares at Aug. 31, 2020	27,056
Beginning balance at Aug. 31, 2020	$ 1,353	211,920	49,968	641		59,453
Beginning balance, shares, Treasury at Aug. 31, 2020					(13,175)
Beginning balance, Treasury at Aug. 31, 2020					$ (204,429)
Issuance of common stock from treasury, shares					236
Issuance of common stock from treasury		(3,411)			$ 3,668
Purchase of treasury shares, shares					(89)
Purchase of treasury shares					$ (1,530)
Stock-based compensation		1,158
Cumulative translation adjustments				307
Net income (loss)			(892)
Ending balance, shares at Nov. 30, 2020	27,056
Ending balance at Nov. 30, 2020	$ 1,353	209,667	49,076	948
Ending balance, shares, Treasury at Nov. 30, 2020					(13,028)
Ending balance, Treasury at Nov. 30, 2020					$ (202,291)
Beginning balance, shares at Aug. 31, 2020	27,056
Beginning balance at Aug. 31, 2020	$ 1,353	211,920	49,968	641		59,453
Beginning balance, shares, Treasury at Aug. 31, 2020					(13,175)
Beginning balance, Treasury at Aug. 31, 2020					$ (204,429)
Cumulative translation adjustments						274
Net income (loss)						(938)
Ending balance, shares at Feb. 28, 2021	27,056
Ending balance at Feb. 28, 2021	$ 1,353	208,816	49,030	915		59,040
Ending balance, shares, Treasury at Feb. 28, 2021					(12,915)
Ending balance, Treasury at Feb. 28, 2021					$ (201,074)
Beginning balance, shares at Nov. 30, 2020	27,056
Beginning balance at Nov. 30, 2020	$ 1,353	209,667	49,076	948
Beginning balance, shares, Treasury at Nov. 30, 2020					(13,028)
Beginning balance, Treasury at Nov. 30, 2020					$ (202,291)
Issuance of common stock from treasury, shares					143
Issuance of common stock from treasury		(2,014)			$ 2,222
Purchase of treasury shares, shares					(58)
Purchase of treasury shares					$ (1,441)
Stock-based compensation		1,599
Restricted stock award, shares					28
Restricted stock award		(436)			$ 436
Cumulative translation adjustments				(33)		(33)
Net income (loss)			(46)			(46)
Ending balance, shares at Feb. 28, 2021	27,056
Ending balance at Feb. 28, 2021	$ 1,353	$ 208,816	$ 49,030	$ 915		$ 59,040
Ending balance, shares, Treasury at Feb. 28, 2021					(12,915)
Ending balance, Treasury at Feb. 28, 2021					$ (201,074)

Basis Of Presentation

6 Months Ended

Feb. 28, 2021

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. We have a wide range of content delivery options, including: the All Access Pass (AAP), the Leader in Me membership, and other intellectual property licenses, digital online learning, on-site training, training led through certified facilitators, blended learning, and organization-wide transformational processes, including consulting and coaching. We believe our investments in digital delivery modalities over the past few years have enabled us to deliver our content to clients in a high-quality learning environment whether those clients are working remotely or in a centralized location. 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.

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, 2020.

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 results of operations for the quarter and two quarters ended February 28, 2021 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2021, or for any future periods.

Note on the 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. These negative impacts significantly reduced our consolidated sales during the quarter and two quarters ended February 28, 2021 as workplaces and schools remained closed in response to the pandemic. In light of these events, we have taken measures to reduce our costs and to maintain adequate liquidity. However, 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. Our business in future periods will be heavily influenced by the timing, length, and intensity of the economic recoveries in the United States and in other countries around the world. We continue to monitor evolving economic and

general business conditions and the actual and potential impacts on our financial position, results of operations, and cash flows.

Accounting Pronouncements Issued and Adopted

Credit Losses on Financial Instruments

On September 1, 2020, we adopted Accounting Standards Update (ASU) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (Topic 326). This new standard is intended to improve financial reporting by requiring more timely recognition of credit losses on our trade accounts receivable and requires the measurement of all expected credit losses based on historical experience, current economic conditions, and reasonable and supportable forecasts. The adoption of this ASU did not have a material impact on our condensed consolidated financial statements and disclosures. For further information on our receivables, refer to Note 3, Receivables.

Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement

On September 1, 2020, we adopted 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 Company adopted ASU 2018-15 on a prospective basis and the adoption of this new standard did not have a material impact on our condensed consolidated financial statements or disclosures.

Accounting Pronouncements Issued and Not Yet Adopted

In December 2019, the Financial Accounting Standards Board issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. The guidance in ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, although early adoption is permitted. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. We are currently evaluating the impact of the provisions of ASU 2019-12 on our consolidated financial statements.

Inventories

6 Months Ended

Feb. 28, 2021

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 28,		August 31,
		2021		2020
Finished goods	$	2,612	$	2,947
Raw materials		29		27
	$	2,641	$	2,974

Receivables

6 Months Ended

Feb. 28, 2021

Receivables [Abstract]

Receivables

NOTE 3 – RECEIVABLES

Our trade accounts receivable are recorded at net realizable value, which includes an allowance for estimated credit losses as described in Note 1, Basis of Presentation. Under the guidance found in ASC Topic 326, the “expected credit loss” model replaces the previous “incurred loss” model and requires consideration of a broader range of information to estimate expected credit losses over the lives of our trade accounts receivable. Our prior methodology for estimating credit losses on our trade accounts receivable did not differ significantly from the new requirements of Topic 326.

We maintain an allowance for credit losses related to our trade accounts receivable for future expected credit losses resulting from the inability or unwillingness of our customers to make required payments. We estimate the allowance based upon historical bad debts, current customer receivable balances, age of customer receivable balances and the customers’ financial condition in relation to a representative pool of assets consisting of customers with similar risk characteristics. The allowance is adjusted as appropriate to reflect differences in current conditions as well as changes in forecasted macroeconomic conditions. Receivables that do not share risk characteristics are evaluated on an individual basis, including those associated with customers that have a higher probability of default. Our estimate of credit losses includes expected current and future economic and market conditions surrounding the COVID-19 pandemic, which did not significantly impact our allowance. We do not have a significant amount of notes or other receivables.

The following provides a reconciliation of the activity in our allowance for estimated credit losses during the quarter and two quarters ended February 28, 2021 (in thousands):



Balance at August 31, 2020	$	4,159
Charged to costs and expenses		247
Amounts written off		(655)
Balance at November 30, 2020		3,751
Charged to costs and expenses		46
Amounts written off		(135)
Balance at February 28, 2021	$	3,662

No customer represented more than 10 percent of our total trade receivables balance at February 28, 2021 or August 31, 2020. Recoveries of amounts previously written off were immaterial for the periods presented.

Fair Value Of Financial Instruments

6 Months Ended

Feb. 28, 2021

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

NOTE 4 – FAIR VALUE OF FINANCIAL INSTRUMENTS

At February 28, 2021, 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 28, 2021 (in thousands):


	Jhana		RGP		Total
Balance at August 31, 2020	$	3,067	$	816	$	3,883
Change in fair value		80		(18)		62
Payments		(329)		-		(329)
Balance at November 30, 2020		2,818		798		3,616
Change in fair value		34		(50)		(16)
Payments		(211)		-		(211)
Balance at February 28, 2021	$	2,641	$	748	$	3,389

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, $1.1 million of the Jhana and all of the RGP contingent consideration liabilities were recorded as components of accrued liabilities at February 28, 2021. The remaining $1.5 million of the Jhana contingent consideration liability is reported in 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 and comprehensive income (loss).

- 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

Revenue Recognition

6 Months Ended

Feb. 28, 2021

Revenue Recognition [Abstract]

Revenue Recognition

NOTE 5 – REVENUE RECOGNITION

Contract Balances

Our deferred revenue totaled $67.5 million at February 28, 2021 and $68.9 million at August 31, 2020, of which $2.0 million and $2.2 million were classified as components of other long-term liabilities at February 28, 2021, and August 31, 2020, respectively. The amount of deferred revenue that was generated from subscription offerings totaled $58.5 million at February 28, 2021 and $60.6 million at August 31, 2020. During the quarter and two quarters ended February 28, 2021, we recognized $22.9 million and $44.6 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. Remaining transaction price 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 28, 2021, we had $95.9 million of remaining performance obligations, including the amount of deferred revenue related to our subscription offerings. 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 9, Segment Information, to these condensed consolidated financial statements for our disaggregated revenue information.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Stock-Based Compensation

6 Months Ended

Feb. 28, 2021

Stock-Based Compensation [Abstract]

Stock-Based Compensation

NOTE 6 – STOCK-BASED COMPENSATION

Our stock-based compensation was comprised of the following for the periods presented (in thousands):



		Quarter Ended			Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020
Long-term incentive awards	$	1,368	$	1,566	$	2,314	$	3,201
Restricted stock awards		175		175		350		350
Employee stock purchase plan		56		52		93		93
	$	1,599	$	1,793	$	2,757	$	3,644

For the quarter and two quarters ended February 28, 2021, we issued 170,992 shares and 407,125 shares, respectively, of our common stock under various stock-based compensation arrangements, including our employee stock purchase plan (ESPP). 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 quarter and two quarters ended February 28, 2021, we withheld 58,388 shares and 147,092 shares of our common stock for taxes on stock-based compensation arrangements, which had a total fair value of $3.0 million.

Due to the significant impact of the COVID-19 pandemic on our results of operations in the third quarter of fiscal 2020 and uncertainties surrounding the economic recovery from the pandemic, we determined that the long-term incentive plan (LTIP) award tranches which vest based on qualified adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) for our various LTIP awards would not vest before the end of their respective service periods. On October 2, 2020, the Organization and Compensation Committee (the Compensation Committee) of the Board of Directors modified the terms of our performance-based LTIP award tranches to extend the service period of each tranche by two years and increase each Adjusted EBITDA vesting target by $2.0 million. No time-based vesting LTIP tranches were modified. During the first quarter of fiscal 2021, we reassessed the probability that the modified award tranches would vest and concluded the modified award tranches would vest prior to the end of their respective service

periods. We accounted for the modifications in accordance with the applicable accounting guidance and are recognizing compensation cost for awards expected to vest over the remaining service period of each award.

Stock Options

On January 12, 2021, our Chief Executive Officer (CEO) exercised his remaining stock options, which would have expired on January 14, 2021. The following information applies to our stock options through February 28, 2021 (in thousands):



			Weighted
			Avg. Exercise
	Number of		Price Per
	Stock Options		Share
Outstanding at August 31, 2020	218,750	$	11.57
Granted	-		-
Exercised	(218,750)		(11.57)
Forfeited	-		-

Outstanding at February 28, 2021	-	$	-

Options vested and exercisable at
February 28, 2021	-	$	-

The stock options were exercised on a net basis (no cash was paid to exercise the options) and we withheld 51,738 shares of our common stock with a fair value of $1.3 million for income taxes. The intrinsic value of the exercised options totaled $2.9 million and we recognized an income tax benefit of $0.7 million during the second quarter of fiscal 2021.

Fiscal 2021 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 28, 2021 consisted of the following:



			Weighted-Average
			Grant Date
	Number of		Fair Value
	Shares		Per Share
Restricted stock awards at
August 31, 2020	21,420	$	32.68
Granted	28,049		24.96
Forfeited	-		-
Vested	(21,420)		32.68
Restricted stock awards at
February 28, 2021	28,049	$	24.96

At February 28, 2021, there was $0.6 million of unrecognized compensation expense remaining on the fiscal 2021 Board of Director restricted share award.

Fiscal 2021 Long-Term Incentive Plan Award

On October 2, 2020, the Compensation Committee granted a new LTIP award to our executive officers and members of senior management. The fiscal 2021 LTIP award has two tranches, one with a time-based vesting condition and one with a performance-based vesting condition as described below:

Time-Based Award Shares – Twenty-five percent of the 2021 LTIP award shares vest to participants on August 31, 2023. The total number of shares that may be earned by participants at the end of the service period totals 52,696 shares. The number of shares awarded in this tranche does not fluctuate based on the achievement of financial measures.

Performance-Based Award Shares – The remaining tranche of the fiscal 2021 LTIP award is based on the highest rolling four-quarter level of qualified Adjusted EBITDA in the three-year period ending August 31, 2023. The number of shares that will vest to participants for this tranche 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 level of qualified Adjusted EBITDA achieved. The number of shares that may be earned for achieving 100 percent of the performance-based objective totals 158,088 shares. The maximum number of shares that may be awarded in connection with the performance-based tranche of the 2021 LTIP totals 316,176 shares.

Employee Stock Purchase Plan

We have an employee stock purchase plan 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 28, 2021, we issued 11,045 shares and 26,142 shares of our common stock to participants in the ESPP.

Income Taxes	6 Months Ended
Income Taxes	Feb. 28, 2021
Income Taxes [Abstract]
Income Taxes	NOTE 7 – INCOME TAXES For the two quarters ended February 28, 2021, we recorded income tax expense of $0.5 million on a pre-tax loss of $0.4 million, resulting in an effective tax expense rate of approximately 138 percent for the first half of fiscal 2021. Our effective tax rate was adversely affected by an increase in the valuation allowance against deferred income tax assets, non-deductible executive compensation, and certain other non-deductible expenses, which were partially offset by the favorable impact of the exercise of stock options during the second quarter of fiscal 2021 (Note 6). We computed our income tax provision for the first two quarters of fiscal 2021 using the discrete method, applying the actual year-to-date effective tax rate to our pre-tax loss. We believe that this method yields a more reliable income tax calculation for the reported period. We believe the estimated annual effective tax rate method is not reasonable due to its sensitivity to small changes in forecasted annual income or loss before income taxes, which would result in significant variations in the customary relationship between income tax expense and pre-tax income or loss for interim periods.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Income (Loss) Per Share

6 Months Ended

Feb. 28, 2021

Income (Loss) Per Share [Abstract]

Income (Loss) Per Share

‎

NOTE 8 – 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 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020
Numerator for basic and
diluted loss per share:
Net income (loss)	$	(46)	$	1,097	$	(938)	$	553

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		14,082		13,841		14,029		13,911
Effect of dilutive securities:
Stock options and other
stock-based awards		-		149		-		207
Diluted weighted average
shares outstanding		14,082		13,990		14,029		14,118

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	(0.00)	$	0.08	$	(0.07)	$	0.04

Since we incurred a net loss for the quarter ended February 28, 2021, no potentially dilutive securities are included in the calculation of diluted loss per share for the quarter because such effect would be anti-dilutive. The number of dilutive stock options and other stock-based awards as of February 28, 2021 would have been approximately 71,000 shares.

Segment Information

6 Months Ended

Feb. 28, 2021

Segment Information [Abstract]

Segment Information

NOTE 9 – SEGMENT INFORMATION

Segment Information

Our sales are primarily comprised of training and consulting services and 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 one 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 book and audio sales.

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., 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 net income (loss) excluding interest expense, income taxes, depreciation expense, amortization expense, stock-based compensation, 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 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 28, 2021		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	35,738	$	29,084	$	6,131
International licensees		2,429		2,100		1,505
		38,167		31,184		7,636
Education practice		8,478		5,344		(858)
Corporate and eliminations		1,517		812		(1,655)
Consolidated	$	48,162	$	37,340	$	5,123

Quarter Ended
February 29, 2020

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

Two Quarters Ended
February 28, 2021

Enterprise Division:
Direct offices	$	72,481	$	58,523	$	12,827
International licensees		5,026		4,385		2,795
		77,507		62,908		15,622
Education practice		15,975		9,331		(3,142)
Corporate and eliminations		3,004		1,487		(3,641)
Consolidated	$	96,486	$	73,726	$	8,839

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

‎

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



	Quarter Ended				Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020
Segment Adjusted EBITDA	$	6,778	$	5,050	$	12,480	$	11,692
Corporate expenses		(1,655)		(994)		(3,641)		(2,675)
Consolidated Adjusted EBITDA		5,123		4,056		8,839		9,017
Stock-based compensation		(1,599)		(1,793)		(2,757)		(3,644)
Increase (decrease) in the fair value of
contingent consideration liabilities		16		182		(46)		91
Government COVID-19 assistance		27		-		234		-
Knowledge Capital wind-down costs		-		-		-		(389)
Gain from insurance settlement		150		-		150		-
Depreciation		(1,740)		(1,653)		(3,481)		(3,273)
Amortization		(1,133)		(1,170)		(2,265)		(2,340)
Income (loss) from operations		844		(378)		674		(538)
Interest income		16		13		40		18
Interest expense		(540)		(557)		(1,108)		(1,162)
Income (loss) before income taxes		320		(922)		(394)		(1,682)
Income tax benefit (provision)		(366)		2,019		(544)		2,235
Net income (loss)	$	(46)	$	1,097	$	(938)	$	553

Revenue by Category

The following table presents our revenue disaggregated by geographic region (in thousands).



	Quarter Ended				Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020

Americas	$	38,828	$	42,721	$	77,155	$	86,756
Asia Pacific		6,622		7,089		13,428		17,228
Europe/Middle East/Africa		2,712		3,935		5,903		8,373
	$	48,162	$	53,745	$	96,486	$	112,357

‎

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



Quarter Ended		Services and						Leases and
February 28, 2021		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	17,912	$	17,132	$	694	$	-	$	35,738
International licensees		522		-		1,907		-		2,429
		18,434		17,132		2,601		-		38,167
Education practice		1,797		5,731		950		-		8,478
Corporate and eliminations		-		-		373		1,144		1,517
Consolidated	$	20,231	$	22,863	$	3,924	$	1,144	$	48,162

Quarter Ended
February 29, 2020

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

Two Quarters Ended
February 28, 2021

Enterprise Division:
Direct offices	$	37,323	$	33,747	$	1,411	$	-	$	72,481
International licensees		854		-		4,172		-		5,026
		38,177		33,747		5,583		-		77,507
Education practice		3,721		10,805		1,449		-		15,975
Corporate and eliminations		-		-		708		2,296		3,004
Consolidated	$	41,898	$	44,552	$	7,740	$	2,296	$	96,486

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

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Basis Of Presentation (Policy)	6 Months Ended
Basis Of Presentation (Policy)	Feb. 28, 2021
Basis Of Presentation [Abstract]
General	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. We have a wide range of content delivery options, including: the All Access Pass (AAP), the Leader in Me membership, and other intellectual property licenses, digital online learning, on-site training, training led through certified facilitators, blended learning, and organization-wide transformational processes, including consulting and coaching. We believe our investments in digital delivery modalities over the past few years have enabled us to deliver our content to clients in a high-quality learning environment whether those clients are working remotely or in a centralized location. 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. 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, 2020. 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 results of operations for the quarter and two quarters ended February 28, 2021 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2021, or for any future periods.
Note On The COVID-19 Pandemic	Note on the 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. These negative impacts significantly reduced our consolidated sales during the quarter and two quarters ended February 28, 2021 as workplaces and schools remained closed in response to the pandemic. In light of these events, we have taken measures to reduce our costs and to maintain adequate liquidity. However, 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. Our business in future periods will be heavily influenced by the timing, length, and intensity of the economic recoveries in the United States and in other countries around the world. We continue to monitor evolving economic and general business conditions and the actual and potential impacts on our financial position, results of operations, and cash flows.
Accounting Pronouncements Issued And Adopted	Accounting Pronouncements Issued and Adopted Credit Losses on Financial Instruments On September 1, 2020, we adopted Accounting Standards Update (ASU) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (Topic 326). This new standard is intended to improve financial reporting by requiring more timely recognition of credit losses on our trade accounts receivable and requires the measurement of all expected credit losses based on historical experience, current economic conditions, and reasonable and supportable forecasts. The adoption of this ASU did not have a material impact on our condensed consolidated financial statements and disclosures. For further information on our receivables, refer to Note 3, Receivables. Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement On September 1, 2020, we adopted 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 Company adopted ASU 2018-15 on a prospective basis and the adoption of this new standard did not have a material impact on our condensed consolidated financial statements or disclosures.
Accounting Pronouncements Issued And Not Yet Adopted	Accounting Pronouncements Issued and Not Yet Adopted In December 2019, the Financial Accounting Standards Board issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. The guidance in ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, although early adoption is permitted. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. We are currently evaluating the impact of the provisions of ASU 2019-12 on our consolidated financial statements.

Inventories (Tables)

6 Months Ended

Feb. 28, 2021

Inventories [Abstract]

Components Of Inventories



		February 28,		August 31,
		2021		2020
Finished goods	$	2,612	$	2,947
Raw materials		29		27
	$	2,641	$	2,974

Receivables (Tables)

6 Months Ended

Feb. 28, 2021

Receivables [Abstract]

Activity In Allowance For Doubtful Accounts



Balance at August 31, 2020	$	4,159
Charged to costs and expenses		247
Amounts written off		(655)
Balance at November 30, 2020		3,751
Charged to costs and expenses		46
Amounts written off		(135)
Balance at February 28, 2021	$	3,662

Fair Value Of Financial Instruments (Tables)

6 Months Ended

Feb. 28, 2021

Fair Value Of Financial Instruments [Abstract]

Schedule Of Contingent Consideration Liability


	Jhana		RGP		Total
Balance at August 31, 2020	$	3,067	$	816	$	3,883
Change in fair value		80		(18)		62
Payments		(329)		-		(329)
Balance at November 30, 2020		2,818		798		3,616
Change in fair value		34		(50)		(16)
Payments		(211)		-		(211)
Balance at February 28, 2021	$	2,641	$	748	$	3,389

Stock-Based Compensation (Tables)

6 Months Ended

Feb. 28, 2021

Stock-Based Compensation [Abstract]

Total Cost Of Stock-Based Compensation



		Quarter Ended			Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020
Long-term incentive awards	$	1,368	$	1,566	$	2,314	$	3,201
Restricted stock awards		175		175		350		350
Employee stock purchase plan		56		52		93		93
	$	1,599	$	1,793	$	2,757	$	3,644

Stock Option Activity



			Weighted
			Avg. Exercise
	Number of		Price Per
	Stock Options		Share
Outstanding at August 31, 2020	218,750	$	11.57
Granted	-		-
Exercised	(218,750)		(11.57)
Forfeited	-		-

Outstanding at February 28, 2021	-	$	-

Options vested and exercisable at
February 28, 2021	-	$	-

Restricted Stock Award Activity



			Weighted-Average
			Grant Date
	Number of		Fair Value
	Shares		Per Share
Restricted stock awards at
August 31, 2020	21,420	$	32.68
Granted	28,049		24.96
Forfeited	-		-
Vested	(21,420)		32.68
Restricted stock awards at
February 28, 2021	28,049	$	24.96

Income (Loss) Per Share (Tables)

6 Months Ended

Feb. 28, 2021

Income (Loss) Per Share [Abstract]

Computation Of Income (Loss) Per Share



	Quarter Ended				Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020
Numerator for basic and
diluted loss per share:
Net income (loss)	$	(46)	$	1,097	$	(938)	$	553

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		14,082		13,841		14,029		13,911
Effect of dilutive securities:
Stock options and other
stock-based awards		-		149		-		207
Diluted weighted average
shares outstanding		14,082		13,990		14,029		14,118

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	(0.00)	$	0.08	$	(0.07)	$	0.04

Segment Information (Tables)

6 Months Ended

Feb. 28, 2021

Segment Information [Abstract]

Schedule Of Segment Operations



		Sales to
Quarter Ended		External				Adjusted
February 28, 2021		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	35,738	$	29,084	$	6,131
International licensees		2,429		2,100		1,505
		38,167		31,184		7,636
Education practice		8,478		5,344		(858)
Corporate and eliminations		1,517		812		(1,655)
Consolidated	$	48,162	$	37,340	$	5,123

Quarter Ended
February 29, 2020

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

Two Quarters Ended
February 28, 2021

Enterprise Division:
Direct offices	$	72,481	$	58,523	$	12,827
International licensees		5,026		4,385		2,795
		77,507		62,908		15,622
Education practice		15,975		9,331		(3,142)
Corporate and eliminations		3,004		1,487		(3,641)
Consolidated	$	96,486	$	73,726	$	8,839

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

Reconciliation Of Adjusted EBITDA



	Quarter Ended				Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020
Segment Adjusted EBITDA	$	6,778	$	5,050	$	12,480	$	11,692
Corporate expenses		(1,655)		(994)		(3,641)		(2,675)
Consolidated Adjusted EBITDA		5,123		4,056		8,839		9,017
Stock-based compensation		(1,599)		(1,793)		(2,757)		(3,644)
Increase (decrease) in the fair value of
contingent consideration liabilities		16		182		(46)		91
Government COVID-19 assistance		27		-		234		-
Knowledge Capital wind-down costs		-		-		-		(389)
Gain from insurance settlement		150		-		150		-
Depreciation		(1,740)		(1,653)		(3,481)		(3,273)
Amortization		(1,133)		(1,170)		(2,265)		(2,340)
Income (loss) from operations		844		(378)		674		(538)
Interest income		16		13		40		18
Interest expense		(540)		(557)		(1,108)		(1,162)
Income (loss) before income taxes		320		(922)		(394)		(1,682)
Income tax benefit (provision)		(366)		2,019		(544)		2,235
Net income (loss)	$	(46)	$	1,097	$	(938)	$	553

Disaggregation Of Revenue By Category

The following table presents our revenue disaggregated by geographic region (in thousands).



	Quarter Ended				Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020

Americas	$	38,828	$	42,721	$	77,155	$	86,756
Asia Pacific		6,622		7,089		13,428		17,228
Europe/Middle East/Africa		2,712		3,935		5,903		8,373
	$	48,162	$	53,745	$	96,486	$	112,357

‎

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



Quarter Ended		Services and						Leases and
February 28, 2021		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	17,912	$	17,132	$	694	$	-	$	35,738
International licensees		522		-		1,907		-		2,429
		18,434		17,132		2,601		-		38,167
Education practice		1,797		5,731		950		-		8,478
Corporate and eliminations		-		-		373		1,144		1,517
Consolidated	$	20,231	$	22,863	$	3,924	$	1,144	$	48,162

Quarter Ended
February 29, 2020

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

Two Quarters Ended
February 28, 2021

Enterprise Division:
Direct offices	$	37,323	$	33,747	$	1,411	$	-	$	72,481
International licensees		854		-		4,172		-		5,026
		38,177		33,747		5,583		-		77,507
Education practice		3,721		10,805		1,449		-		15,975
Corporate and eliminations		-		-		708		2,296		3,004
Consolidated	$	41,898	$	44,552	$	7,740	$	2,296	$	96,486

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

Inventories (Components Of Inventories) (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Aug. 31, 2020
Inventories [Abstract]
Finished goods	$ 2,612	$ 2,947
Raw materials	29	27
Inventories	$ 2,641	$ 2,974

Receivables (Narrative) (Details) - Trade Receivables [Member]	6 Months Ended	12 Months Ended
	Feb. 28, 2021	Aug. 31, 2020
Concentration risk, customer	No customer represented more than 10 percent of our total trade receivables balance at February 28, 2021 or August 31, 2020.
Concentration risk, percentage	10.00%	10.00%

Receivables (Activity In Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2021	Nov. 30, 2020
Receivables [Abstract]
Beginning balance	$ 3,751	$ 4,159
Charged to costs and expenses	46	247
Amounts written off	(135)	(655)
Ending balance	$ 3,662	$ 3,751

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Nov. 30, 2020	Aug. 31, 2020
Contingent consideration	$ 3,389	$ 3,616	$ 3,883
Jhana [Member]
Contingent consideration	2,641	$ 2,818	$ 3,067
Jhana [Member] \| Other Long-Term Liabilities [Member]
Contingent consideration	1,500
Jhana And RGP [Member] \| Accrued Liabilities [Member]
Contingent consideration	$ 1,100

Fair Value Of Financial Instruments (Schedule Of Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Feb. 28, 2021	Nov. 30, 2020	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	$ 3,616	$ 3,883		$ 3,883
Change in fair value	(16)	62	$ (182)	46	$ (91)
Payments	(211)	(329)
Contingent Liability at ending	3,389	3,616		3,389
Jhana [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	2,818	3,067		3,067
Change in fair value	34	80
Payments	(211)	(329)
Contingent Liability at ending	2,641	2,818		2,641
RGP [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	798	816		816
Change in fair value	(50)	(18)
Payments
Contingent Liability at ending	$ 748	$ 798		$ 748

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Feb. 28, 2021	Feb. 28, 2021	Aug. 31, 2020
Deferred revenue	$ 67.5	$ 67.5	$ 68.9
Other long-term liabilities	2.0	2.0	2.2
Remaining performance obligations	95.9	95.9
Subscription [Member]
Deferred revenue	58.5	58.5	$ 60.6
Deferred revenue recognized	$ 22.9	$ 44.6

Stock-Based Compensation (Narrative) (Details) $ in Thousands		3 Months Ended				6 Months Ended
	Oct. 02, 2020 USD ($) item shares	Feb. 28, 2021 USD ($) shares	Nov. 30, 2020 USD ($)	Feb. 29, 2020 USD ($)	Nov. 30, 2019 USD ($)	Feb. 28, 2021 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued under terms of the award \| shares		170,992				407,125
Fiscal 2020 Restricted Stock Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Whole-share grant per eligible director						$ 100
Vesting period of awards						1 year
Fiscal 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item	2
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 \| shares		11,045				26,142
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld for tax \| shares		58,388				147,092
Shares withheld for tax, fair value						$ 3,000
Cost of common stock issued from treasury
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares withheld for income taxes \| shares		51,738
Fair value of withheld shares for income taxes		$ 1,300
Intrinsic value of the exercised options		2,900
Income tax benefit from exercise of stock options		700
Restricted Stock Awards [Member] \| Board Of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		$ 600				$ 600
Time-Based Award [Member] \| Fiscal 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item	1
Performance-Based Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period	2 years
Increase Adjusted EBITDA vesting target	$ 2,000
Performance-Based Award [Member] \| Fiscal 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item	1
Tranche One [Member] \| Time-Based Award [Member] \| Fiscal 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of shares plan participants are entitled to	25.00%
Shares issued under terms of the award \| shares	52,696
Tranche Two and Three [Member] \| Performance-Based Award [Member] \| Fiscal 2021 Long Term Incentive Plan Award [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 \| shares	158,088
Tranche Two and Three [Member] \| Performance-Based Award [Member] \| Minimum [Member] \| Fiscal 2021 Long Term Incentive Plan Award [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 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted	200.00%
Shares may be awarded \| shares	316,176

Stock-Based Compensation (Total Cost Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 1,599	$ 1,793	$ 2,757	$ 3,644
Long-Term Incentive Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	1,368	1,566	2,314	3,201
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	$ 56	$ 52	$ 93	$ 93

Stock-Based Compensation (Stock Option Activity) (Details) - Stock Options [Member]	6 Months Ended
	Feb. 28, 2021 $ / shares shares
Number of Stock Options, Outstanding at August 31, 2020 \| shares	218,750
Number of Stock Options, Granted \| shares
Number of Stock Options, Exercised \| shares	(218,750)
Number of Stock Options, Forfeited \| shares
Number of Stock Options, Outstanding at February 28, 2021 \| shares
Number of Stock Options, Options vested and exercisable at February 28, 2021 \| shares
Weighted Average Exercise Price Per Share, Outstanding at August 31, 2020 \| $ / shares	$ 11.57
Weighted Average Exercise Price Per Share, Granted \| $ / shares
Weighted Average Exercise Price Per Share, Exercised \| $ / shares	(11.57)
Weighted Average Exercise Price Per Share, Forfeited \| $ / shares
Weighted Average Exercise Price Per Share, Outstanding at February 28, 2021 \| $ / shares
Weighted Average Exercise Price Per Share, Options vested and exercisable at February 28, 2021 \| $ / shares

Stock-Based Compensation (Restricted Stock Award Activity) (Details) - Restricted Stock Awards [Member]	6 Months Ended
	Feb. 28, 2021 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards at August 31, 2020, Number of Shares \| shares	21,420
Granted, Number of Shares \| shares	28,049
Forfeited, Number of Shares \| shares
Vested, Number of Shares \| shares	(21,420)
Restricted stock awards at February 28, 2021, Number of Shares \| shares	28,049
Restricted stock awards at August 31, 2020, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 32.68
Granted, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	24.96
Forfeited, Weighted-Average Grant Date Fair Value Per Share \| $ / shares
Vested, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	32.68
Restricted stock awards at February 28, 2021, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 24.96

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Income Taxes [Abstract]
Income tax expense	$ 366	$ (2,019)	$ 544	$ (2,235)
Pre-tax loss	$ 320	$ (922)	$ (394)	$ (1,682)
Effective tax expense rate			138.00%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income (Loss) Per Share (Narrative) (Details) - shares	3 Months Ended	6 Months Ended
Income (Loss) Per Share (Narrative) (Details) - shares	Feb. 28, 2021	Feb. 28, 2021
Income (Loss) Per Share [Abstract]
Potentially dilutive securities were included in the calculation of diluted loss per share	0
Number of dilutive stock options and other stock-based awards, shares		71,000

Income (Loss) Per Share (Computation Of Income (Loss) Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Numerator for basic and diluted loss per share:
Net income (loss)	$ (46)	$ 1,097	$ (938)	$ 553
Denominator for basic and diluted loss per share:
Basic weighted average shares outstanding	14,082	13,841	14,029	13,911
Effect of dilutive securities:
Stock options and other stock-based awards		149		207
Diluted weighted average shares outstanding	14,082	13,990	14,029	14,118
EPS Calculations:
Net income (loss) per share: Basic and diluted	$ 0.00	$ 0.08	$ (0.07)	$ 0.04

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Segment Information (Narrative) (Details)	6 Months Ended
Segment Information (Narrative) (Details)	Feb. 28, 2021 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. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Segment Reporting Information [Line Items]
Sales to External Customers	$ 48,162	$ 53,745	$ 96,486	$ 112,357
Gross Profit	37,340	38,666	73,726	80,695
Adjusted EBITDA	5,123	4,056	8,839	9,017
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	1,517	2,188	3,004	3,887
Gross Profit	812	1,267	1,487	2,108
Adjusted EBITDA	(1,655)	(994)	(3,641)	(2,675)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	6,778	5,050	12,480	11,692
Operating Segments [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	38,167	40,664	77,507	86,496
Gross Profit	31,184	30,939	62,908	65,470
Adjusted EBITDA	7,636	6,118	15,622	13,863
Operating Segments [Member] \| Education Practice [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	8,478	10,893	15,975	21,974
Gross Profit	5,344	6,460	9,331	13,117
Adjusted EBITDA	(858)	(1,068)	(3,142)	(2,171)
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	35,738	37,973	72,481	80,085
Gross Profit	29,084	28,702	58,523	60,113
Adjusted EBITDA	6,131	4,734	12,827	10,444
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	2,429	2,691	5,026	6,411
Gross Profit	2,100	2,237	4,385	5,357
Adjusted EBITDA	$ 1,505	$ 1,384	$ 2,795	$ 3,419

Segment Information (Reconciliation Of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Feb. 28, 2021	Nov. 30, 2020	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ 5,123		$ 4,056	$ 8,839	$ 9,017
Stock-based compensation	(1,599)		(1,793)	(2,757)	(3,644)
Increase (decrease) in the fair value of contingent consideration liabilities	16	$ (62)	182	(46)	91
Government COVID-19 assistance	27			234
Knowledge Capital wind-down costs					(389)
Gain from insurance settlement	150			150
Depreciation	(1,740)		(1,653)	(3,481)	(3,273)
Amortization	(1,133)		(1,170)	(2,265)	(2,340)
Income (loss) from operations	844		(378)	674	(538)
Interest income	16		13	40	18
Interest expense	(540)		(557)	(1,108)	(1,162)
Income (loss) before income taxes	320		(922)	(394)	(1,682)
Income tax benefit (provision)	(366)		2,019	(544)	2,235
Net income (loss)	(46)		1,097	(938)	553
Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	6,778		5,050	12,480	11,692
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ (1,655)		$ (994)	$ (3,641)	$ (2,675)

Segment Information (Disaggregation Of Revenue By Geographic Region) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 48,162	$ 53,745	$ 96,486	$ 112,357
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	38,828	42,721	77,155	86,756
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue	6,622	7,089	13,428	17,228
Europe/Middle East/Africa [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 2,712	$ 3,935	$ 5,903	$ 8,373

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment Information (Disaggregation Of Revenue By Type Of Service) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2021	Feb. 29, 2020	Feb. 28, 2021	Feb. 29, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 48,162	$ 53,745	$ 96,486	$ 112,357
Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,517	2,188	3,004	3,887
Services And Products [Member]
Disaggregation of Revenue [Line Items]
Revenue	20,231	25,004	41,898	56,430
Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue	22,863	21,364	44,552	42,471
Royalties [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,924	6,124	7,740	10,883
Royalties [Member] \| Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	373	935	708	1,314
Leases And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,144	1,253	2,296	2,573
Leases And Other [Member] \| Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,144	1,253	2,296	2,573
Operating Segments [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	38,167	40,664	77,507	86,496
Operating Segments [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	8,478	10,893	15,975	21,974
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	35,738	37,973	72,481	80,085
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,429	2,691	5,026	6,411
Operating Segments [Member] \| Services And Products [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	18,434	22,054	38,177	49,895
Operating Segments [Member] \| Services And Products [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,797	2,950	3,721	6,535
Operating Segments [Member] \| Services And Products [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	17,912	21,644	37,323	48,895
Operating Segments [Member] \| Services And Products [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	522	410	854	1,000
Operating Segments [Member] \| Subscriptions [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	17,132	15,172	33,747	29,461
Operating Segments [Member] \| Subscriptions [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	5,731	6,192	10,805	13,010
Operating Segments [Member] \| Subscriptions [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	17,132	15,172	33,747	29,461
Operating Segments [Member] \| Royalties [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,601	3,438	5,583	7,140
Operating Segments [Member] \| Royalties [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	950	1,751	1,449	2,429
Operating Segments [Member] \| Royalties [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	694	1,157	1,411	1,729
Operating Segments [Member] \| Royalties [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 1,907	$ 2,281	$ 4,172	$ 5,411

Stock-Based Compensation (Stock Option Activity) (Details) - Stock Options [Member]	6 Months Ended
	Feb. 28, 2021 $ / shares shares
Number of Stock Options, Outstanding at August 31, 2020 \| shares	218,750
Number of Stock Options, Granted \| shares
Number of Stock Options, Exercised \| shares	(218,750)
Number of Stock Options, Forfeited \| shares
Number of Stock Options, Outstanding at February 28, 2021 \| shares
Number of Stock Options, Options vested and exercisable at February 28, 2021 \| shares
Weighted Average Exercise Price Per Share, Outstanding at August 31, 2020 \| $ / shares	$ 11.57
Weighted Average Exercise Price Per Share, Granted \| $ / shares
Weighted Average Exercise Price Per Share, Exercised \| $ / shares	(11.57)
Weighted Average Exercise Price Per Share, Forfeited \| $ / shares
Weighted Average Exercise Price Per Share, Outstanding at February 28, 2021 \| $ / shares
Weighted Average Exercise Price Per Share, Options vested and exercisable at February 28, 2021 \| $ / shares