0000886206-24-000028 | 10-Q | XBRL Viewer

Stock-Based Compensation (Total Cost Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 1,368	$ 3,315	$ 4,265	$ 6,050
Long-Term Incentive Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	889	2,866	3,353	5,204
Strive Acquisition Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	190	200	385	366
Unvested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	220	175	400	340
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 69	$ 74	$ 127	$ 140

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Revenue Recognition	6 Months Ended
Feb. 29, 2024
Revenue Recognition [Abstract]
Revenue Recognition	NOTE 4 – REVENUE RECOGNITION Contract Balances Our deferred subscription revenue and other deferred revenue totaled $108.1 million at February 29, 2024 and $111.2 million at August 31, 2023, of which $3.7 million was classified as components of other long-term liabilities at each of February 29, 2024, and August 31, 2023. The amount of deferred revenue that was generated from subscription offerings totaled $86.1 million at February 29, 2024 and $99.0 million at August 31, 2023. During the quarter and two quarters ended February 29, 2024, we recognized $35.6 million and $72.2 million of previously deferred subscription revenue, respectively. Deferred subscription revenue primarily consists of billings or payments received in advance of revenue being recognized from subscription services. Deferred revenue is recognized in sales as the applicable revenue recognition criteria are met. We generally invoice customers in annual installments upon execution of a contract. Our Leader in Me membership offering is bifurcated into a portal membership obligation and a coaching delivery obligation. We have determined that it is appropriate to recognize revenue related to the portal membership over the term of the underlying contract and to recognize revenue from coaching as those services are performed. The combined contract amount is recorded in deferred subscription revenue until the performance obligations are satisfied. Any additional coaching or training days which are contracted independent of a Leader in Me membership are recorded as revenue in accordance with our general policy for services and products as described in our annual report on Form 10-K for the fiscal year ended August 31, 2023. Remaining Performance Obligations Whenever 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 inflation, the average length of the contract term, and the ability of the Company to continue to enter into multi-year non-cancellable contracts. At February 29, 2024, we had $158.8 million of remaining performance obligations, including our deferred subscription revenue. The remaining performance obligation does not include other deferred revenue, as amounts included in other deferred revenue contain 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.

Revenue Recognition

6 Months Ended

Feb. 29, 2024

Revenue Recognition [Abstract]

Revenue Recognition

NOTE 4 – REVENUE RECOGNITION

Contract Balances

Our deferred subscription revenue and other deferred revenue totaled $108.1 million at February 29, 2024 and $111.2 million at August 31, 2023, of which $3.7 million was classified as components of other long-term liabilities at each of February 29, 2024, and August 31, 2023. The amount of deferred revenue that was generated from subscription offerings totaled $86.1 million at February 29, 2024 and $99.0 million at August 31, 2023. During the quarter and two quarters ended February 29, 2024, we recognized $35.6 million and $72.2 million of previously deferred subscription revenue, respectively.

Deferred subscription revenue primarily consists of billings or payments received in advance of revenue being recognized from subscription services. Deferred revenue is recognized in sales as the applicable revenue recognition criteria are met. We generally invoice customers in annual installments upon execution of a contract. Our Leader in Me membership offering is bifurcated into a portal membership obligation and a coaching delivery obligation. We have determined that it is appropriate to recognize revenue related to the portal membership over the term of the underlying contract and to recognize revenue from coaching as those services are performed. The combined contract amount is recorded in deferred subscription revenue until the performance obligations are satisfied. Any additional coaching or training days which are contracted independent of a Leader in Me membership are recorded as revenue in accordance with our general policy for services and products as described in our annual report on Form 10-K for the fiscal year ended August 31, 2023.

Remaining Performance Obligations

Whenever 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 inflation, the average length of the contract term, and the ability of the Company to continue to enter into multi-year non-cancellable contracts. At February 29, 2024, we had $158.8 million of remaining performance obligations, including our deferred subscription revenue. The remaining performance obligation does not include other deferred revenue, as amounts included in other deferred revenue contain 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

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-Topic 606
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+ Details

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Feb. 29, 2024	Mar. 31, 2024
Document And Entity Information [Abstract]
Document Type	10-Q
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--08-31
Document Fiscal Year Focus	2024
Document Quarterly Report	true
Document Period End Date	Feb. 29, 2024
Document Transition Report	false
Entity File Number	001-11107
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, $0.05 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		13,266,000
Amendment Flag	false
Entity Central Index Key	0000886206

Restructuring

6 Months Ended

Feb. 29, 2024

Restructuring Abstract]

Restructuring

NOTE 6 – RESTRUCTURING

During the quarter ended February 29, 2024, we commenced a plan to restructure certain areas of our operations to sharpen the focus of our efforts and resources on plans and initiatives to drive additional growth in the future. As a result of this restructuring plan, we reduced our workforce by approximately 50 associates and incurred severance charges totaling $1.7 million. Approximately $1.2 million of the restructuring expense is attributable to the Direct Office segment, $0.4 million is attributable to the Education segment, and $0.1 million is attributable to corporate functions. We intend to invest the resources from this restructuring in initiatives to drive growth in both divisions. The restructuring liability is included in accrued liabilities in our condensed consolidated balance sheet at February 29, 2024 and accrued amounts are expected to be paid in the third and fourth quarters of fiscal 2024.

During the first quarter of fiscal 2024, we also restructured certain areas of our operations in the Direct Offices segment. We incurred a $0.6 million charge for these restructured operations. All accrued costs related to this restructuring activity were paid in the second quarter of fiscal 2024.

Segment Information

6 Months Ended

Feb. 29, 2024

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 consist 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 direct sales offices; 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 sales 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 the cost of certain administrative functions.

We have determined that the Company’s chief operating decision maker is the Chief Executive Officer, 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 excluding interest, income taxes, depreciation expense, intangible asset amortization expense, stock-based compensation, and certain other charges such as restructuring costs and impaired asset charges. 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 29, 2024		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	42,960	$	35,514	$	9,122
International licensees		2,748		2,374		1,342
		45,708		37,888		10,464
Education practice		14,579		8,597		(529)
Corporate and eliminations		1,049		366		(2,487)
Consolidated	$	61,336	$	46,851	$	7,448

Quarter Ended
February 28, 2023

Enterprise Division:
Direct offices	$	43,646	$	35,854	$	9,641
International licensees		2,935		2,659		1,541
		46,581		38,513		11,182
Education practice		14,198		8,392		(622)
Corporate and eliminations		977		305		(2,373)
Consolidated	$	61,756	$	47,210	$	8,187

Two Quarters Ended
February 29, 2024

Enterprise Division:
Direct offices	$	92,175	$	75,015	$	20,809
International licensees		6,126		5,426		3,238
		98,301		80,441		24,047
Education practice		29,323		17,977		(487)
Corporate and eliminations		2,112		711		(5,142)
Consolidated	$	129,736	$	99,129	$	18,418

Two Quarters Ended
February 28, 2023

Enterprise Division:
Direct offices	$	93,812	$	75,775	$	20,890
International licensees		6,213		5,635		3,372
		100,025		81,410		24,262
Education practice		28,549		17,568		(341)
Corporate and eliminations		2,551		974		(4,262)
Consolidated	$	131,125	$	99,952	$	19,659

‎

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



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023
Segment Adjusted EBITDA	$	9,935	$	10,560	$	23,560	$	23,921
Corporate expenses		(2,487)		(2,373)		(5,142)		(4,262)
Consolidated Adjusted EBITDA		7,448		8,187		18,418		19,659
Stock-based compensation		(1,368)		(3,315)		(4,265)		(6,050)
Restructuring costs		(1,726)		-		(2,307)		-
Impaired asset		(928)		-		(928)		-
Increase in the fair value of
contingent consideration liabilities		-		-		-		(7)
Depreciation		(913)		(951)		(2,005)		(2,196)
Amortization		(1,071)		(1,093)		(2,142)		(2,185)
Income from operations		1,442		2,828		6,771		9,221
Interest income		301		362		589		442
Interest expense		(328)		(409)		(669)		(819)
Income before income taxes		1,415		2,781		6,691		8,844
Income tax provision		(541)		(1,042)		(966)		(2,438)
Net income	$	874	$	1,739	$	5,725	$	6,406

Revenue by Category

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



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023

Americas	$	51,399	$	51,638	$	107,756	$	108,380
Asia Pacific		5,757		5,925		12,978		13,383
Europe/Middle East/Africa		4,180		4,193		9,002		9,362
	$	61,336	$	61,756	$	129,736	$	131,125

‎

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



Quarter Ended		Services and						Leases and
February 29, 2024		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	16,589	$	25,932	$	439	$	-	$	42,960
International licensees		85		324		2,339		-		2,748
		16,674		26,256		2,778		-		45,708
Education practice		3,932		9,508		1,139		-		14,579
Corporate and eliminations		-		-		313		736		1,049
Consolidated	$	20,606	$	35,764	$	4,230	$	736	$	61,336

Quarter Ended
February 28, 2023

Enterprise Division:
Direct offices	$	19,086	$	23,711	$	849	$	-	$	43,646
International licensees		43		343		2,549		-		2,935
		19,129		24,054		3,398		-		46,581
Education practice		4,110		8,860		1,228		-		14,198
Corporate and eliminations		-		-		308		669		977
Consolidated	$	23,239	$	32,914	$	4,934	$	669	$	61,756

Two Quarters Ended
February 29, 2024

Enterprise Division:
Direct offices	$	38,714	$	52,431	$	1,030	$	-	$	92,175
International licensees		316		657		5,153		-		6,126
		39,030		53,088		6,183		-		98,301
Education practice		7,666		19,265		2,392		-		29,323
Corporate and eliminations		-		-		626		1,486		2,112
Consolidated	$	46,696	$	72,353	$	9,201	$	1,486	$	129,736

Two Quarters Ended
February 28, 2023

Enterprise Division:
Direct offices	$	45,303	$	47,201	$	1,308	$	-	$	93,812
International licensees		186		695		5,332		-		6,213
		45,489		47,896		6,640		-		100,025
Education practice		8,610		18,044		1,895		-		28,549
Corporate and eliminations		-		-		624		1,927		2,551
Consolidated	$	54,099	$	65,940	$	9,159	$	1,927	$	131,125

- 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 31
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Purchases Of Common Stock For Treasury

6 Months Ended

Feb. 29, 2024

Purchases Of Common Stock For Treasury [Abstract]

Purchases Of Common Stock For Treasury

NOTE 3 – PURCHASES OF COMMON STOCK FOR TREASURY

Our purchases of common stock during the first two quarters of fiscal 2024 were comprised of shares withheld on stock-based compensation awards and open market purchases. Our stock-based compensation plans allow shares to be withheld to cover statutory income taxes if so elected by the award recipient. These shares are valued at the market price on the date the shares are withheld. Shares purchased in fiscal 2024 through February 29, 2024 consisted of the following (in thousands):


	Shares		Cost
Shares withheld for taxes on stock-
based compensation awards		252	$	10,333
Open market purchases		209		8,080
		461	$	18,413

On February 14, 2023, our Board of Directors approved a new plan to purchase up to $50.0 million of our outstanding common stock. The previously existing common stock purchase plan was canceled, and the new common share purchase plan does not have an expiration date. The actual timing, number, and value of common shares purchased under our board-approved plan will be determined at our discretion and will depend on a number of factors, including, among others, general market and business conditions, the trading price of our common shares, and applicable legal requirements. We have no obligation to purchase any of our common shares under the authorization, and the purchase plan may be suspended, discontinued, or modified at any time for any reason. On February 29, 2024, we had $7.7 million remaining on this Board approved purchase plan.

Inventories (Components Of Inventories) (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Inventories [Abstract]
Finished goods	$ 4,196	$ 4,204
Raw materials		9
Inventories	$ 4,196	$ 4,213

Condensed Consolidated Income Statements And Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Condensed Consolidated Income Statements And Statements Of Comprehensive Income [Abstract]
Foreign currency translation adjustments, income taxes	$ 0	$ 0	$ 0	$ 0

Earnings Per Share (Computation Of Net Income Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Numerator for basic and diluted income per share:
Net income	$ 874	$ 1,739	$ 5,725	$ 6,406
Denominator for basic and diluted income per share:
Basic weighted average shares outstanding	13,263	13,900	13,253	13,888
Effect of dilutive securities:
Stock-based compensation awards	221	633	307	632
Diluted weighted average shares outstanding	13,484	14,533	13,560	14,520
EPS Calculations:
Net income per share: Basic	$ 0.07	$ 0.13	$ 0.43	$ 0.46
Net income per share: Diluted	$ 0.06	$ 0.12	$ 0.42	$ 0.44

Basis Of Presentation

6 Months Ended

Feb. 29, 2024

Basis Of Presentation [Abstract]

Basis Of Presentation

NOTE 1 – BASIS OF PRESENTATION

Franklin Covey Co. (hereafter referred to as us, we, our, or the Company) is a global company 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) subscription, the Leader in Me membership, and other intellectual property licenses; digital online learning; onsite 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 meeting 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, The 4 Disciplines of Execution, and Multipliers, and proprietary content in the areas of Leadership, Execution, Productivity, Educational Improvement, and Sales Performance. 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 (GAAP) 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, 2023.

The preparation of financial statements in conformity with GAAP requires us 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 29, 2024 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2024, or for any future periods.

Accounting Pronouncement Issued and Not Adopted

In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU provides additional guidance on reportable segment disclosure requirements primarily related to enhanced disclosures about significant segment expenses. In addition, the amendments improve interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. ASU 2023-07 is effective for public entities in fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We have not yet completed our analysis of the requirements of ASU 2023-07, but we expect to be able to comply with the new disclosure and other guidelines within the required time frame.

On December 14, 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. ASU 2023-09 provides guidance to enhance transparency about income tax information through improvements to income tax disclosures primarily related to the effective income tax rate reconciliation and income taxes paid. This new guidance also includes certain other amendments to improve the effectiveness of income tax disclosures. For public companies, the guidance in ASU 2023-09 is effective for annual periods beginning after December 15, 2024. While we have not yet completed our full analysis of the new income tax guidance, we do not currently expect significant challenges in adopting its provisions, which primarily focus on income tax disclosures.

Inventories (Tables)

6 Months Ended

Feb. 29, 2024

Inventories [Abstract]

Components Of Inventories



		February 29,		August 31,
		2024		2023
Finished goods	$	4,196	$	4,204
Raw materials		-		9
	$	4,196	$	4,213

Condensed Consolidated Income Statements And Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Condensed Consolidated Income Statements And Statements Of Comprehensive Income [Abstract]
Net sales	$ 61,336	$ 61,756	$ 129,736	$ 131,125
Cost of sales	14,485	14,546	30,607	31,173
Gross profit	46,851	47,210	99,129	99,952
Selling, general, and administrative	40,771	42,338	84,976	86,350
Restructuring costs	1,726		2,307
Impairment of asset	928		928
Depreciation	913	951	2,005	2,196
Amortization	1,071	1,093	2,142	2,185
Income from operations	1,442	2,828	6,771	9,221
Interest income	301	362	589	442
Interest expense	(328)	(409)	(669)	(819)
Income before income taxes	1,415	2,781	6,691	8,844
Income tax provision	(541)	(1,042)	(966)	(2,438)
Net income	$ 874	$ 1,739	$ 5,725	$ 6,406
Net income per share:
Basic	$ 0.07	$ 0.13	$ 0.43	$ 0.46
Diluted	$ 0.06	$ 0.12	$ 0.42	$ 0.44
Weighted average number of common shares:
Basic	13,263	13,900	13,253	13,888
Diluted	13,484	14,533	13,560	14,520
COMPREHENSIVE INCOME
Net income	$ 874	$ 1,739	$ 5,725	$ 6,406
Foreign currency translation adjustments, net of income taxes of $0, $0, $0, and $0	(139)	146	(88)	16
Comprehensive income	$ 735	$ 1,885	$ 5,637	$ 6,422

Segment Information (Reconciliation Of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ 7,448	$ 8,187	$ 18,418	$ 19,659
Stock-based compensation	(1,368)	(3,315)	(4,265)	(6,050)
Restructuring costs	(1,726)		(2,307)
Impaired asset	(928)		(928)
Increase in the fair value of contingent consideration liabilities				(7)
Depreciation	(913)	(951)	(2,005)	(2,196)
Amortization	(1,071)	(1,093)	(2,142)	(2,185)
Income from operations	1,442	2,828	6,771	9,221
Interest income	301	362	589	442
Interest expense	(328)	(409)	(669)	(819)
Income before income taxes	1,415	2,781	6,691	8,844
Income tax provision	(541)	(1,042)	(966)	(2,438)
Net income	874	1,739	5,725	6,406
Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	9,935	10,560	23,560	23,921
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ (2,487)	$ (2,373)	$ (5,142)	$ (4,262)

Impaired Asset	6 Months Ended
Impaired Asset	Feb. 29, 2024
Impaired Asset [Abstract]
Impaired Asset	NOTE 7 – IMPAIRED ASSET In a prior period, we initiated the development of a student leadership assessment. However, due to societal changes in perception regarding the collection of student information and potential legal challenges, we determined that it was in the best interest of the Company to suspend further development of the student leadership assessment and impair the associated asset. Approximately $0.6 million of the capitalized costs were for software and were previously included in property and equipment, and $0.3 million was included in capitalized development, which is included in our other long-term assets. The student leadership assessment was being developed solely for use in our Education Division.

Basis Of Presentation (Policy)	6 Months Ended
Basis Of Presentation (Policy)	Feb. 29, 2024
Basis Of Presentation [Abstract]
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) subscription, the Leader in Me membership, and other intellectual property licenses; digital online learning; onsite 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 meeting 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, The 4 Disciplines of Execution, and Multipliers, and proprietary content in the areas of Leadership, Execution, Productivity, Educational Improvement, and Sales Performance. 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 (GAAP) 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, 2023. The preparation of financial statements in conformity with GAAP requires us 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 29, 2024 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2024, or for any future periods.
Accounting Pronouncement Issued and Not Adopted	Accounting Pronouncement Issued and Not Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU provides additional guidance on reportable segment disclosure requirements primarily related to enhanced disclosures about significant segment expenses. In addition, the amendments improve interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. ASU 2023-07 is effective for public entities in fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We have not yet completed our analysis of the requirements of ASU 2023-07, but we expect to be able to comply with the new disclosure and other guidelines within the required time frame. On December 14, 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures. ASU 2023-09 provides guidance to enhance transparency about income tax information through improvements to income tax disclosures primarily related to the effective income tax rate reconciliation and income taxes paid. This new guidance also includes certain other amendments to improve the effectiveness of income tax disclosures. For public companies, the guidance in ASU 2023-09 is effective for annual periods beginning after December 15, 2024. While we have not yet completed our full analysis of the new income tax guidance, we do not currently expect significant challenges in adopting its provisions, which primarily focus on income tax disclosures

Restructuring (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended
Restructuring (Narrative) (Details) $ in Thousands	Feb. 29, 2024 USD ($) item	Feb. 29, 2024 USD ($)	Nov. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Severance charges	$ 1,726	$ 2,307
Number of workforce reduced \| item	50
Education Practice [Member]
Restructuring Cost and Reserve [Line Items]
Severance charges	$ 400
Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Severance charges	100
Direct Offices [Member]
Restructuring Cost and Reserve [Line Items]
Severance charges	$ 1,200
Accrued restructuring costs			$ 600

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Purchases Of Common Stock For Treasury (Summary Of Purchases Of Common Stock) (Details) shares in Thousands, $ in Thousands	6 Months Ended
	Feb. 29, 2024 USD ($) shares
Purchases Of Common Stock For Treasury [Abstract]
Shares withheld for taxes on stock-based compensation awards, Shares \| shares	252
Stock repurchased during period, shares \| shares	209
Purchase of treasury shares, shares \| shares	461
Shares withheld for taxes on stock-based compensation awards, Value \| $	$ 10,333
Stock repurchased during period, value \| $	8,080
Purchase of treasury shares, cost \| $	$ 18,413

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Segment Information (Schedule Of Revenue Disaggregated By Type Of Service) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 61,336	$ 61,756	$ 129,736	$ 131,125
Services And Products [Member]
Disaggregation of Revenue [Line Items]
Revenue	20,606	23,239	46,696	54,099
Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue	35,764	32,914	72,353	65,940
Royalties [Member]
Disaggregation of Revenue [Line Items]
Revenue	4,230	4,934	9,201	9,159
Leases And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	736	669	1,486	1,927
Operating Segments [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	45,708	46,581	98,301	100,025
Operating Segments [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	14,579	14,198	29,323	28,549
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	42,960	43,646	92,175	93,812
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,748	2,935	6,126	6,213
Operating Segments [Member] \| Services And Products [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	16,674	19,129	39,030	45,489
Operating Segments [Member] \| Services And Products [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,932	4,110	7,666	8,610
Operating Segments [Member] \| Services And Products [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	16,589	19,086	38,714	45,303
Operating Segments [Member] \| Services And Products [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	85	43	316	186
Operating Segments [Member] \| Subscriptions [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	26,256	24,054	53,088	47,896
Operating Segments [Member] \| Subscriptions [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	9,508	8,860	19,265	18,044
Operating Segments [Member] \| Subscriptions [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	25,932	23,711	52,431	47,201
Operating Segments [Member] \| Subscriptions [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	324	343	657	695
Operating Segments [Member] \| Royalties [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,778	3,398	6,183	6,640
Operating Segments [Member] \| Royalties [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,139	1,228	2,392	1,895
Operating Segments [Member] \| Royalties [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	439	849	1,030	1,308
Operating Segments [Member] \| Royalties [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,339	2,549	5,153	5,332
Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,049	977	2,112	2,551
Corporate And Eliminations [Member] \| Royalties [Member]
Disaggregation of Revenue [Line Items]
Revenue	313	308	626	624
Corporate And Eliminations [Member] \| Leases And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 736	$ 669	$ 1,486	$ 1,927

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Feb. 29, 2024	Feb. 29, 2024	Aug. 31, 2023
Deferred revenue	$ 108.1	$ 108.1	$ 111.2
Other long-term liabilities	3.7	3.7	3.7
Remaining performance obligations	158.8	158.8
Subscription Offerings [Member]
Deferred revenue	86.1	86.1	$ 99.0
Subscription [Member]
Deferred revenue recognized	$ 35.6	$ 72.2

Stock-Based Compensation Plans (Unvested Stock Award) (Details) - Unvested Stock Awards [Member]	6 Months Ended
	Feb. 29, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock awards, Number of Shares \| shares	15,882
Granted, Number of Shares \| shares	23,136
Vested, Number of Shares \| shares	(15,882)
Unvested stock awards, Number of Shares \| shares	23,136
Restricted stock awards, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 45.34
Granted, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	41.50
Vested, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	45.34
Restricted stock awards, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 41.50

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Segment Information (Narrative) (Details)	6 Months Ended
Segment Information (Narrative) (Details)	Feb. 29, 2024 segment item
Segment Information [Abstract]
Number of divisions	2
Number of operating reportable segments \| segment	3
Number of corporate services group	1

Stock-Based Compensation (Narrative) (Details)	3 Months Ended	6 Months Ended
Stock-Based Compensation (Narrative) (Details)	Feb. 29, 2024 shares	Feb. 29, 2024 USD ($) item shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued from treasury stock	32,967	633,684
Fiscal 2024, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item		2
Cumulative adjustment reduction to stock-based compensation expense \| $		$ 1,600,000
Annual Long-Term Incentive Performance And Retention Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards		3 years
Shares issued under terms of the award		48,740
Time-Based Award [Member] \| Fiscal 2024, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted		25.00%
Shares may be awarded		26,749
Number of tranches \| item		1
Performance Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued under terms of the award		80,217
Performance Award [Member] \| Fiscal 2024, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item		1
Vesting period of awards		3 years
Percent of performance-based objectives	100.00%	100.00%
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	9,831	19,528
Unvested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards		1 year
Whole-share grant per eligible director \| $		$ 120,000
Vest August 31 Of Each Year Following Grant [Member] \| Annual Long-Term Incentive Performance And Retention Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of award shares vest		33.30%
Tranche One and Two [Member] \| Performance Award [Member] \| Fiscal 2024, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares may be awarded		160,434
Tranche One and Two [Member] \| Performance Award [Member] \| Minimum [Member] \| Fiscal 2024, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted		50.00%
Tranche One and Two [Member] \| Performance Award [Member] \| Maximum [Member] \| Fiscal 2024, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted		200.00%

Segment Information (Tables)

6 Months Ended

Feb. 29, 2024

Segment Information [Abstract]

Schedule Of Segment Operations



		Sales to
Quarter Ended		External				Adjusted
February 29, 2024		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	42,960	$	35,514	$	9,122
International licensees		2,748		2,374		1,342
		45,708		37,888		10,464
Education practice		14,579		8,597		(529)
Corporate and eliminations		1,049		366		(2,487)
Consolidated	$	61,336	$	46,851	$	7,448

Quarter Ended
February 28, 2023

Enterprise Division:
Direct offices	$	43,646	$	35,854	$	9,641
International licensees		2,935		2,659		1,541
		46,581		38,513		11,182
Education practice		14,198		8,392		(622)
Corporate and eliminations		977		305		(2,373)
Consolidated	$	61,756	$	47,210	$	8,187

Two Quarters Ended
February 29, 2024

Enterprise Division:
Direct offices	$	92,175	$	75,015	$	20,809
International licensees		6,126		5,426		3,238
		98,301		80,441		24,047
Education practice		29,323		17,977		(487)
Corporate and eliminations		2,112		711		(5,142)
Consolidated	$	129,736	$	99,129	$	18,418

Two Quarters Ended
February 28, 2023

Enterprise Division:
Direct offices	$	93,812	$	75,775	$	20,890
International licensees		6,213		5,635		3,372
		100,025		81,410		24,262
Education practice		28,549		17,568		(341)
Corporate and eliminations		2,551		974		(4,262)
Consolidated	$	131,125	$	99,952	$	19,659

Reconciliation Of Adjusted EBITDA



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023
Segment Adjusted EBITDA	$	9,935	$	10,560	$	23,560	$	23,921
Corporate expenses		(2,487)		(2,373)		(5,142)		(4,262)
Consolidated Adjusted EBITDA		7,448		8,187		18,418		19,659
Stock-based compensation		(1,368)		(3,315)		(4,265)		(6,050)
Restructuring costs		(1,726)		-		(2,307)		-
Impaired asset		(928)		-		(928)		-
Increase in the fair value of
contingent consideration liabilities		-		-		-		(7)
Depreciation		(913)		(951)		(2,005)		(2,196)
Amortization		(1,071)		(1,093)		(2,142)		(2,185)
Income from operations		1,442		2,828		6,771		9,221
Interest income		301		362		589		442
Interest expense		(328)		(409)		(669)		(819)
Income before income taxes		1,415		2,781		6,691		8,844
Income tax provision		(541)		(1,042)		(966)		(2,438)
Net income	$	874	$	1,739	$	5,725	$	6,406

Schedule Of Revenue Disaggregated By Category

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



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023

Americas	$	51,399	$	51,638	$	107,756	$	108,380
Asia Pacific		5,757		5,925		12,978		13,383
Europe/Middle East/Africa		4,180		4,193		9,002		9,362
	$	61,336	$	61,756	$	129,736	$	131,125

‎

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



Quarter Ended		Services and						Leases and
February 29, 2024		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	16,589	$	25,932	$	439	$	-	$	42,960
International licensees		85		324		2,339		-		2,748
		16,674		26,256		2,778		-		45,708
Education practice		3,932		9,508		1,139		-		14,579
Corporate and eliminations		-		-		313		736		1,049
Consolidated	$	20,606	$	35,764	$	4,230	$	736	$	61,336

Quarter Ended
February 28, 2023

Enterprise Division:
Direct offices	$	19,086	$	23,711	$	849	$	-	$	43,646
International licensees		43		343		2,549		-		2,935
		19,129		24,054		3,398		-		46,581
Education practice		4,110		8,860		1,228		-		14,198
Corporate and eliminations		-		-		308		669		977
Consolidated	$	23,239	$	32,914	$	4,934	$	669	$	61,756

Two Quarters Ended
February 29, 2024

Enterprise Division:
Direct offices	$	38,714	$	52,431	$	1,030	$	-	$	92,175
International licensees		316		657		5,153		-		6,126
		39,030		53,088		6,183		-		98,301
Education practice		7,666		19,265		2,392		-		29,323
Corporate and eliminations		-		-		626		1,486		2,112
Consolidated	$	46,696	$	72,353	$	9,201	$	1,486	$	129,736

Two Quarters Ended
February 28, 2023

Enterprise Division:
Direct offices	$	45,303	$	47,201	$	1,308	$	-	$	93,812
International licensees		186		695		5,332		-		6,213
		45,489		47,896		6,640		-		100,025
Education practice		8,610		18,044		1,895		-		28,549
Corporate and eliminations		-		-		624		1,927		2,551
Consolidated	$	54,099	$	65,940	$	9,159	$	1,927	$	131,125

Purchases Of Common Stock For Treasury (Narrative) (Details) - USD ($) $ in Millions	Feb. 29, 2024	Feb. 14, 2023
Equity [Line Items]
Remaining approved purchase amount	$ 7.7
Maximum [Member]
Equity [Line Items]
Amount authorized under common stock repurchase plan		$ 50.0

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 5,725	$ 6,406
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,146	4,381
Amortization of capitalized curriculum costs	1,501	1,648
Impairment of asset	928
Stock-based compensation	4,265	6,050
Deferred income taxes	(978)	1,130
Change in fair value of contingent consideration liabilities		7
Amortization of right-of-use operating lease assets	403	411
Changes in assets and liabilities:
Decrease in accounts receivable, net	24,694	19,050
Decrease in inventories	11	71
Decrease in prepaid expenses and other assets	27	1,333
Decrease in accounts payable and accrued liabilities	(7,497)	(16,823)
Decrease in deferred revenue	(3,014)	(11,674)
Increase (decrease) in income taxes payable	191	(455)
Decrease in other long-term liabilities	(190)	(327)
Net cash provided by operating activities	30,212	11,208
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(1,716)	(2,644)
Curriculum development costs	(3,770)	(5,277)
Net cash used for investing activities	(5,486)	(7,921)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on notes payable	(2,500)	(2,500)
Principal payments on financing obligation	(1,728)	(1,562)
Purchases of common stock for treasury	(18,413)	(4,665)
Payment of contingent consideration liabilities		(736)
Proceeds from sales of common stock held in treasury	684	739
Net cash used for financing activities	(21,957)	(8,724)
Effect of foreign currency exchange rates on cash and cash equivalents	(95)	41
Net increase (decrease) in cash and cash equivalents	2,674	(5,396)
Cash and cash equivalents at the beginning of the period	38,230	60,517
Cash and cash equivalents at the end of the period	40,904	55,121
Supplemental disclosure of cash flow information:
Cash paid for income taxes	1,644	1,604
Cash paid for interest	615	738
Non-cash investing and financing activities:
Purchases of property and equipment financed by accounts payable	109	141
Acquisition of right-of-use operating lease assets for operating lease liabilities	$ 128	$ 448

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 3,392	$ 3,790
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	13,801	13,974

Purchases Of Common Stock For Treasury (Tables)

6 Months Ended

Feb. 29, 2024

Purchases Of Common Stock For Treasury [Abstract]

Summary Of Purchases Of Common Stock


	Shares		Cost
Shares withheld for taxes on stock-
based compensation awards		252	$	10,333
Open market purchases		209		8,080
		461	$	18,413

Earnings Per Share

6 Months Ended

Feb. 29, 2024

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 8 – EARNINGS PER SHARE

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



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023
Numerator for basic and
diluted income per share:
Net income	$	874	$	1,739	$	5,725	$	6,406

Denominator for basic and
diluted income per share:
Basic weighted average shares
outstanding		13,263		13,900		13,253		13,888
Effect of dilutive securities:
Stock-based compensation awards		221		633		307		632
Diluted weighted average
shares outstanding		13,484		14,533		13,560		14,520

EPS Calculations:
Net income per share:
Basic	$	0.07	$	0.13	$	0.43	$	0.46
Diluted		0.06		0.12		0.42		0.44

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Current assets:
Cash and cash equivalents	$ 40,904	$ 38,230
Accounts receivable, less allowance for doubtful accounts of $3,392 and $3,790	57,153	81,935
Inventories	4,196	4,213
Prepaid expenses and other current assets	20,182	20,639
Total current assets	122,435	145,017
Property and equipment, net	8,708	10,039
Intangible assets, net	38,371	40,511
Goodwill	31,220	31,220
Deferred income tax assets	1,655	1,661
Other long-term assets	19,544	17,471
Total assets	221,933	245,919
Current liabilities:
Current portion of notes payable	3,335	5,835
Current portion of financing obligation	3,718	3,538
Accounts payable	7,734	6,501
Deferred subscription revenue	82,365	95,386
Other deferred revenue	22,012	12,137
Accrued liabilities	19,301	28,252
Total current liabilities	138,465	151,649
Notes payable, less current portion	1,577	1,535
Financing obligation, less current portion	2,515	4,424
Other liabilities	7,492	7,617
Deferred income tax liabilities	1,057	2,040
Total liabilities	151,106	167,265
Shareholders’ equity:
Common stock, $.05 par value; 40,000 shares authorized, 27,056 shares issued	1,353	1,353
Additional paid-in capital	225,776	232,373
Retained earnings	105,527	99,802
Accumulated other comprehensive loss	(1,075)	(987)
Treasury stock at cost, 13,801 shares and 13,974 shares	(260,754)	(253,887)
Total shareholders’ equity	70,827	78,654
Total liabilities and shareholders' equity	$ 221,933	$ 245,919

Stock-Based Compensation

6 Months Ended

Feb. 29, 2024

Stock-Based Compensation [Abstract]

Stock-Based Compensation

NOTE 5 – STOCK-BASED COMPENSATION

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



		Quarter Ended			Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023
Long-term incentive awards	$	889	$	2,866	$	3,353	$	5,204
Strive acquisition compensation		190		200		385		366
Unvested stock awards		220		175		400		340
Employee stock purchase plan		69		74		127		140
	$	1,368	$	3,315	$	4,265	$	6,050

During the quarter and two quarters ended February 29, 2024, we issued 32,967 shares and 633,684 shares of our common stock under various stock-based compensation arrangements, including our employee stock purchase plan (ESPP).

At each reporting date, we reassess the probable number of shares that are expected to vest under the terms of our long-term incentive plan (LTIP) awards. At February 29, 2024, our reassessment resulted in a $1.6 million cumulative

reduction to stock-based compensation expense for long-term incentive awards primarily from changes in the number of shares expected to vest to participants in the fiscal 2024 and fiscal 2023 LTIP awards.

Fiscal 2024 Long-Term Incentive Plan Award

On October 6, 2023, the Organization and Compensation Committee granted a new Long-Term Incentive Plan (the 2024 LTIP) award to our executive officers and members of senior management. The fiscal 2024 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 2024 LTIP award shares vest to participants on August 31, 2026. The number of shares that may be earned by participants at the end of the service period totals 26,749 shares (adjusted for forfeitures). The number of shares awarded in this tranche does not fluctuate based on the achievement of financial measures.

Performance-Based Award Shares – The remaining shares of the fiscal 2024 LTIP award are earned based on the highest rolling four-quarter level of qualified Adjusted EBITDA achieved in the three-year measurement period ending on August 31, 2026. The number of shares that will vest to participants for this tranche is variable and may be 50% of the award (minimum award threshold) or up to 200% 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% of the performance-based objective totals 80,217 shares (adjusted for forfeitures). The maximum number of shares that may be awarded in connection with the performance-based tranche of the 2024 LTIP totals 160,434 shares.

Annual Long-Term Incentive Performance and Retention Plan

In fiscal 2023, we introduced a new long-term equity incentive plan for client partners, managing directors, and certain other associates that we believe are critical to our long-term success. These awards are generally based on the achievement of specified sales goals, are granted following the completion of the fiscal year, and one-third of the shares vest on August 31 of each year following the grant. We granted a total of 48,740 unvested share units in the first quarter of fiscal 2024 to participants in this long-term incentive plan for achievements in fiscal 2023, which will vest over the next three years. The compensation cost of these awards is included in the long-term incentive awards category in the preceding table.

Fiscal 2024 Board of Director Unvested Share Award

Our annual unvested stock award granted to non-employee members of the Board of Directors is administered under the terms of our omnibus incentive plans, 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 as part of their compensation. The annual award is normally granted in January of each year on the same day as our annual shareholders’ meeting. For the fiscal 2024 award, each eligible director received a whole-share grant equal to $120,000 with a one year vesting period. Our Board of Director unvested stock award activity during the two quarters ended February 29, 2024 consisted of the following:



			Weighted-Average
			Grant Date
	Number of		Fair Value
	Shares		Per Share
Unvested stock awards at
August 31, 2023	15,882	$	45.34
Granted	23,136		41.50
Forfeited	-		-
Vested	(15,882)		45.34
Unvested stock awards at
February 29, 2024	23,136	$	41.50

Employee Stock Purchase Plan

We have an ESPP that offers qualified employees the opportunity to purchase shares of our common stock at a price equal to 85% of the average fair market value of our common stock on the last trading day of each fiscal quarter. During the quarter and two quarters ended February 29, 2024, we issued 9,831 shares and 19,528 shares of our common stock to participants in the ESPP.

Inventories

6 Months Ended

Feb. 29, 2024

Inventories [Abstract]

Inventories

NOTE 2 – INVENTORIES

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



		February 29,		August 31,
		2024		2023
Finished goods	$	4,196	$	4,204
Raw materials		-		9
	$	4,196	$	4,213

Earnings Per Share (Tables)

6 Months Ended

Feb. 29, 2024

Earnings Per Share [Abstract]

Computation Of Net Income Per Share



	Quarter Ended				Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023
Numerator for basic and
diluted income per share:
Net income	$	874	$	1,739	$	5,725	$	6,406

Denominator for basic and
diluted income per share:
Basic weighted average shares
outstanding		13,263		13,900		13,253		13,888
Effect of dilutive securities:
Stock-based compensation awards		221		633		307		632
Diluted weighted average
shares outstanding		13,484		14,533		13,560		14,520

EPS Calculations:
Net income per share:
Basic	$	0.07	$	0.13	$	0.43	$	0.46
Diluted		0.06		0.12		0.42		0.44

Condensed Consolidated Statements Of Changes In Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Total
Beginning balance, shares at Aug. 31, 2022	27,056,000
Beginning balance at Aug. 31, 2022	$ 1,353	$ 220,246	$ 82,021	$ (542)
Beginning balance, shares, Treasury at Aug. 31, 2022					(13,203,000)
Beginning balance, Treasury at Aug. 31, 2022					$ (220,264)
Issuance of common stock from treasury, shares					56,000
Issuance of common stock from treasury		(568)			$ 935
Purchases of common shares for treasury, shares					(18,000)
Purchases of common shares for treasury					$ (835)
Stock-based compensation		2,735
Cumulative translation adjustments				(130)
Net income			4,667
Ending balance, shares at Nov. 30, 2022	27,056,000
Ending balance at Nov. 30, 2022	$ 1,353	222,413	86,688	(672)
Ending balance, shares, Treasury at Nov. 30, 2022					(13,165,000)
Ending balance, Treasury at Nov. 30, 2022					$ (220,164)
Beginning balance, shares at Aug. 31, 2022	27,056,000
Beginning balance at Aug. 31, 2022	$ 1,353	220,246	82,021	(542)
Beginning balance, shares, Treasury at Aug. 31, 2022					(13,203,000)
Beginning balance, Treasury at Aug. 31, 2022					$ (220,264)
Cumulative translation adjustments						$ 16
Net income						6,406
Ending balance, shares at Feb. 28, 2023	27,056,000
Ending balance at Feb. 28, 2023	$ 1,353	225,643	88,427	(526)
Ending balance, shares, Treasury at Feb. 28, 2023					(13,216,000)
Ending balance, Treasury at Feb. 28, 2023					$ (223,536)
Beginning balance, shares at Nov. 30, 2022	27,056,000
Beginning balance at Nov. 30, 2022	$ 1,353	222,413	86,688	(672)
Beginning balance, shares, Treasury at Nov. 30, 2022					(13,165,000)
Beginning balance, Treasury at Nov. 30, 2022					$ (220,164)
Issuance of common stock from treasury, shares					12,000
Issuance of common stock from treasury		181			$ 192
Purchases of common shares for treasury, shares					(79,000)
Purchases of common shares for treasury					$ (3,830)
Stock-based compensation		3,315
Unvested share award, shares					16,000
Unvested share award		(266)			$ 266
Cumulative translation adjustments				146		146
Net income			1,739			1,739
Ending balance, shares at Feb. 28, 2023	27,056,000
Ending balance at Feb. 28, 2023	$ 1,353	225,643	88,427	(526)
Ending balance, shares, Treasury at Feb. 28, 2023					(13,216,000)
Ending balance, Treasury at Feb. 28, 2023					$ (223,536)
Beginning balance, shares at Aug. 31, 2023	27,056,000
Beginning balance at Aug. 31, 2023	$ 1,353	232,373	99,802	(987)		$ 78,654
Beginning balance, shares, Treasury at Aug. 31, 2023					(13,974,000)	(13,974,000)
Beginning balance, Treasury at Aug. 31, 2023					$ (253,887)
Issuance of common stock from treasury, shares					601,000
Issuance of common stock from treasury		(10,569)			$ 10,925
Purchases of common shares for treasury, shares					(409,000)
Purchases of common shares for treasury					$ (16,308)
Stock-based compensation		2,897
Cumulative translation adjustments				51
Net income			4,851
Ending balance, shares at Nov. 30, 2023	27,056,000
Ending balance at Nov. 30, 2023	$ 1,353	224,701	104,653	(936)
Ending balance, shares, Treasury at Nov. 30, 2023					(13,782,000)
Ending balance, Treasury at Nov. 30, 2023					$ (259,270)
Beginning balance, shares at Aug. 31, 2023	27,056,000
Beginning balance at Aug. 31, 2023	$ 1,353	232,373	99,802	(987)		$ 78,654
Beginning balance, shares, Treasury at Aug. 31, 2023					(13,974,000)	(13,974,000)
Beginning balance, Treasury at Aug. 31, 2023					$ (253,887)
Issuance of common stock from treasury, shares						633,684
Purchases of common shares for treasury, shares						(461,000)
Purchases of common shares for treasury						$ (18,413)
Cumulative translation adjustments						(88)
Net income						5,725
Ending balance, shares at Feb. 29, 2024	27,056,000
Ending balance at Feb. 29, 2024	$ 1,353	225,776	105,527	(1,075)		$ 70,827
Ending balance, shares, Treasury at Feb. 29, 2024					(13,801,000)	(13,801,000)
Ending balance, Treasury at Feb. 29, 2024					$ (260,754)
Beginning balance, shares at Nov. 30, 2023	27,056,000
Beginning balance at Nov. 30, 2023	$ 1,353	224,701	104,653	(936)
Beginning balance, shares, Treasury at Nov. 30, 2023					(13,782,000)
Beginning balance, Treasury at Nov. 30, 2023					$ (259,270)
Issuance of common stock from treasury, shares					10,000	32,967
Issuance of common stock from treasury		143			$ 185
Purchases of common shares for treasury, shares					(52,000)
Purchases of common shares for treasury					$ (2,105)
Stock-based compensation		1,368
Unvested share award, shares					23,000
Unvested share award		(436)			$ 436
Cumulative translation adjustments				(139)		$ (139)
Net income			874			874
Ending balance, shares at Feb. 29, 2024	27,056,000
Ending balance at Feb. 29, 2024	$ 1,353	$ 225,776	$ 105,527	$ (1,075)		$ 70,827
Ending balance, shares, Treasury at Feb. 29, 2024					(13,801,000)	(13,801,000)
Ending balance, Treasury at Feb. 29, 2024					$ (260,754)

Impaired Asset (Narrative) (Details) $ in Millions	Feb. 29, 2024 USD ($)
Property And Equipment [Member]
Capitalized software cost	$ 0.6
Other Long-Term Assets [Member]
Capitalized software cost	$ 0.3

Stock-Based Compensation (Tables)

6 Months Ended

Feb. 29, 2024

Stock-Based Compensation [Abstract]

Total Cost Of Stock-Based Compensation



		Quarter Ended			Two Quarters Ended
		February 29,		February 28,		February 29,		February 28,
		2024		2023		2024		2023
Long-term incentive awards	$	889	$	2,866	$	3,353	$	5,204
Strive acquisition compensation		190		200		385		366
Unvested stock awards		220		175		400		340
Employee stock purchase plan		69		74		127		140
	$	1,368	$	3,315	$	4,265	$	6,050

Unvested Stock Awards



			Weighted-Average
			Grant Date
	Number of		Fair Value
	Shares		Per Share
Unvested stock awards at
August 31, 2023	15,882	$	45.34
Granted	23,136		41.50
Forfeited	-		-
Vested	(15,882)		45.34
Unvested stock awards at
February 29, 2024	23,136	$	41.50

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Feb. 29, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Segment Information (Schedule Of Revenue Disaggregated By Geographic Region) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 61,336	$ 61,756	$ 129,736	$ 131,125
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	51,399	51,638	107,756	108,380
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue	5,757	5,925	12,978	13,383
Europe/Middle East/Africa [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 4,180	$ 4,193	$ 9,002	$ 9,362

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- 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
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Segment Information (Schedule Of Segment Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Segment Reporting Information [Line Items]
Sales to External Customers	$ 61,336	$ 61,756	$ 129,736	$ 131,125
Gross Profit	46,851	47,210	99,129	99,952
Adjusted EBITDA	7,448	8,187	18,418	19,659
Operating Segments [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	9,935	10,560	23,560	23,921
Operating Segments [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	45,708	46,581	98,301	100,025
Gross Profit	37,888	38,513	80,441	81,410
Adjusted EBITDA	10,464	11,182	24,047	24,262
Operating Segments [Member] \| Education Practice [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	14,579	14,198	29,323	28,549
Gross Profit	8,597	8,392	17,977	17,568
Adjusted EBITDA	(529)	(622)	(487)	(341)
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	42,960	43,646	92,175	93,812
Gross Profit	35,514	35,854	75,015	75,775
Adjusted EBITDA	9,122	9,641	20,809	20,890
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	2,748	2,935	6,126	6,213
Gross Profit	2,374	2,659	5,426	5,635
Adjusted EBITDA	1,342	1,541	3,238	3,372
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	1,049	977	2,112	2,551
Gross Profit	366	305	711	974
Adjusted EBITDA	$ (2,487)	$ (2,373)	$ (5,142)	$ (4,262)