0000886206-21-000028 | 10-Q | XBRL Viewer

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	May 31, 2021	Jun. 30, 2021
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 31, 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		14,156,827
Amendment Flag	false
Entity Central Index Key	0000886206
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--08-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Current assets:
Cash and cash equivalents	$ 35,757	$ 27,137
Accounts receivable, less allowance for doubtful accounts of $4,543 and $4,159	44,477	56,407
Inventories	2,652	2,974
Prepaid expenses and other current assets	15,343	15,146
Total current assets	98,229	101,664
Property and equipment, net	12,114	15,723
Intangible assets, net	51,603	47,125
Goodwill	31,220	24,220
Deferred income tax assets	5,316	1,094
Other long-term assets	14,167	15,611
Total assets	212,649	205,437
Current liabilities:
Current portion of notes payable	5,835	5,000
Current portion of financing obligation	2,813	2,600
Accounts payable	4,655	5,622
Deferred subscription revenue	54,344	59,289
Other deferred revenue	8,984	7,389
Accrued liabilities	28,012	22,628
Total current liabilities	104,643	102,528
Notes payable, less current portion	14,191	15,000
Financing obligation, less current portion	11,913	14,048
Other liabilities	7,570	9,110
Deferred income tax liabilities		5,298
Total liabilities	138,317	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	211,283	211,920
Retained earnings	61,784	49,968
Accumulated other comprehensive income	764	641
Treasury stock at cost, 12,901 shares and 13,175 shares	(200,852)	(204,429)
Total shareholders’ equity	74,332	59,453
Total liabilities and shareholders' equity	$ 212,649	$ 205,437

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	May 31, 2021	Aug. 31, 2020
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 4,543	$ 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	12,901	13,175

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) [Abstract]
Net sales	$ 58,736	$ 37,105	$ 155,223	$ 149,463
Cost of sales	12,829	10,284	35,589	41,946
Gross profit	45,907	26,821	119,634	107,517
Selling, general, and administrative	37,762	29,254	102,312	101,231
Stock-based compensation	2,370	(5,104)	5,127	(1,460)
Depreciation	1,423	1,652	4,904	4,925
Amortization	1,238	1,164	3,503	3,504
Income (loss) from operations	3,114	(145)	3,788	(683)
Interest income	16	18	56	36
Interest expense	(525)	(621)	(1,633)	(1,783)
Income (loss) before income taxes	2,605	(748)	2,211	(2,430)
Income tax benefit (provision)	10,149	(10,220)	9,605	(7,985)
Net income (loss)	$ 12,754	$ (10,968)	$ 11,816	$ (10,415)
Net income (loss) per share:
Basic and diluted	$ 0.90	$ (0.79)	$ 0.84	$ (0.75)
Weighted average number of common shares:
Basic	14,145	13,869	14,068	13,897
Diluted	14,156	13,869	14,133	13,897
COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 12,754	$ (10,968)	$ 11,816	$ (10,415)
Foreign currency translation adjustments, net of income taxes of $0, $0, $0, and $0	(151)	(91)	123	(38)
Comprehensive income (loss)	$ 12,603	$ (11,059)	$ 11,939	$ (10,453)

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 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	9 Months Ended
	May 31, 2021	May 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 11,816	$ (10,415)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	8,407	8,429
Amortization of capitalized curriculum costs	2,583	3,042
Stock-based compensation	5,127	(1,460)
Deferred income taxes	(10,521)	7,678
Change in fair value of contingent consideration liabilities	164	(367)
Amortization of right-of-use operating lease assets	758
Loss on disposal of assets		39
Changes in assets and liabilities, net of effect of acquired business:
Decrease in accounts receivable, net	12,391	34,692
Decrease in inventories	322	377
Decrease in prepaid expenses and other assets	1,393	1,784
Increase (decrease) in accounts payable and accrued liabilities	4,629	(11,057)
Decrease in deferred revenue	(4,172)	(12,612)
Decrease in income taxes payable/receivable	(653)	(1,415)
Decrease in other long-term liabilities	(1,392)	(6)
Net cash provided by operating activities	30,852	18,709
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(1,185)	(3,336)
Curriculum development costs	(1,827)	(3,436)
Acquisition of business, net of cash acquired	(10,554)
Purchase of note receivable from bank		(2,600)
Net cash used for investing activities	(13,566)	(9,372)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit borrowings		14,870
Proceeds from term notes payable		5,000
Principal payments on notes payable	(3,750)	(3,750)
Principal payments on financing obligation	(1,922)	(1,725)
Purchases of common stock for treasury	(2,971)	(13,833)
Payment of contingent consideration liabilities	(899)	(1,167)
Proceeds from sales of common stock held in treasury	783	780
Net cash provided by (used for) financing activities	(8,759)	175
Effect of foreign currency exchange rates on cash and cash equivalents	93	(205)
Net increase in cash and cash equivalents	8,620	9,307
Cash and cash equivalents at the beginning of the period	27,137	27,699
Cash and cash equivalents at the end of the period	35,757	37,006
Supplemental disclosure of cash flow information:
Cash paid for income taxes	1,454	1,713
Cash paid for interest	1,634	1,751
Non-cash investing and financing activities:
Purchases of property and equipment financed by accounts payable	105	352
Acquisition of right-of-use operating lease assets for operating lease liabilities	885
Use of notes payable to acquire business	$ 3,766
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						$ (38)
Net income (loss)						(10,415)
Ending balance, shares at May. 31, 2020	27,056
Ending balance at May. 31, 2020	$ 1,353	211,067	48,988	231
Ending balance, shares, Treasury at May. 31, 2020					(13,198)
Ending balance, Treasury at May. 31, 2020					$ (204,591)
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
Net income (loss)			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)
Issuance of common stock from treasury, shares					11
Issuance of common stock from treasury		126			$ 170
Stock-based compensation		(5,104)
Cumulative translation adjustments				(91)		(91)
Net income (loss)			(10,968)			(10,968)
Ending balance, shares at May. 31, 2020	27,056
Ending balance at May. 31, 2020	$ 1,353	211,067	48,988	231
Ending balance, shares, Treasury at May. 31, 2020					(13,198)
Ending balance, Treasury at May. 31, 2020					$ (204,591)
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						123
Net income (loss)						11,816
Ending balance, shares at May. 31, 2021	27,056
Ending balance at May. 31, 2021	$ 1,353	211,283	61,784	764		74,332
Ending balance, shares, Treasury at May. 31, 2021					(12,901)
Ending balance, Treasury at May. 31, 2021					$ (200,852)
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)
Net income (loss)			(46)
Ending balance, shares at Feb. 28, 2021	27,056
Ending balance at Feb. 28, 2021	$ 1,353	208,816	49,030	915
Ending balance, shares, Treasury at Feb. 28, 2021					(12,915)
Ending balance, Treasury at Feb. 28, 2021					$ (201,074)
Issuance of common stock from treasury, shares					14
Issuance of common stock from treasury		97			$ 222
Stock-based compensation		2,370
Cumulative translation adjustments				(151)		(151)
Net income (loss)			12,754			12,754
Ending balance, shares at May. 31, 2021	27,056
Ending balance at May. 31, 2021	$ 1,353	$ 211,283	$ 61,784	$ 764		$ 74,332
Ending balance, shares, Treasury at May. 31, 2021					(12,901)
Ending balance, Treasury at May. 31, 2021					$ (200,852)

Basis Of Presentation

9 Months Ended

May 31, 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) subscription, 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, The 4 Disciplines of Execution, and Multipliers, 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 three quarters ended May 31, 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 adverse impact of COVID-19 on the global economic and operating environment. These conditions have adversely affected our consolidated sales during the quarter and three quarters ended May 31, 2021 as some workplaces and schools remained closed in response to the pandemic. However, during the third quarter of fiscal 2021 we have benefitted from the recovery of certain countries and markets. The recovery from COVID-19 has thus far been uneven as case numbers have fluctuated and increased in certain areas of the world, which has caused continued business, educational, and social disruptions. In light of these events, we have taken measures to reduce our costs and to maintain adequate liquidity. Due to the rapidly changing business and education environment 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 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 4, 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.

Acquisition Of Strive Talent, Inc.

9 Months Ended

May 31, 2021

Acquisition Of Strive Talent, Inc. [Abstract]

Acquisition Of Strive Talent, Inc.

NOTE 2 – ACQUISITION OF STRIVE TALENT, INC.

On April 26, 2021 (the Closing Date), through our wholly-owned subsidiary Franklin Covey Client Sales, Inc., we purchased all of the issued and outstanding stock of Strive Talent, Inc. (Strive), a San Francisco-based technology company which has developed and markets an innovative learning deployment platform. The Strive platform is expected to enable the seamless integration and deployment of our content, services, technology, and metrics to deliver behavioral impact at scale, primarily through the Company’s All Access Pass subscription. The aggregate consideration for the purchase of Strive may total up to $20.0 million and is comprised of the following:

Approximately $10.6 million paid in cash on the Closing Date of the transaction, including $1.0 million placed in escrow for 18 months from the Closing Date to serve as the first source of funds to satisfy certain indemnification obligations of Strive.

Approximately $4.2 million payable in equal cash payments on the first five anniversaries of the Closing Date.

Approximately $1.0 million will be paid 18 months following the Closing Date to stockholders and option holders of Strive who are still employed by the Company or its affiliates as of such 18-month date, subject to certain exceptions. The bonus payments are forfeit by the individuals if they voluntarily terminate their employment with

the Company prior to the 18-month anniversary of the purchase. These payments may be made in either cash or shares of our common stock at our sole discretion.

A maximum of approximately $4.3 million may be earned by the former principal owner of Strive over a five-year period ending in May 2026. The total value of this consideration is contingent upon sales and growth of the All Access Pass subscription and subscription services revenues during the five-year period measurement ending in May 2026. The contingent earn out payments are conditional upon the continued employment of former principal owner of Strive over the first four years of the measurement period. These payments may be made in either cash or shares of our common stock at our sole discretion.

As described above, included in the purchase agreement for the acquisition of Strive are additional contingent payments of up to $5.3 million subject to continued employment of the primary seller and certain employees. These payments are expensed as earned and may be settled by us, at our sole discretion, in shares of our common stock or cash. Based on the relevant accounting literature for business acquisitions, the initial purchase price of Strive is comprised of the following:



Cash paid at closing	$	10,554
Notes payable		3,766
Total purchase price	$	14,320

We have included the operating results of Strive in our financial statements since the Closing Date. However, the acquisition of Strive had an immaterial impact on our results of operations for the quarter ended May 31, 2021. For the twelve months ended December 31, 2020, Strive had revenues of $1.3 million (unaudited) and an operating loss of $(1.1) million (unaudited). Strive does not meet the definition of a “significant subsidiary” as specified by Regulation S-X of the Securities and Exchange Commission. The major classes of assets and liabilities to which we have preliminarily allocated the purchase price were as follows (in thousands):



Cash acquired	$	345
Accounts receivable		154
Prepaid and other current assets		56
Property and equipment		13
Intangible assets		7,976
Goodwill		7,000
Assets acquired		15,544
Deferred revenue		(52)
Accrued liabilities		(135)
Deferred income tax liability		(1,037)
Notes payable, current portion		(836)
Notes payable, long-term		(2,930)
Liabilities assumed		(4,990)
	$	10,554

The preliminary allocation of the purchase price to the intangible assets acquired was as follows (in thousands):



			Weighted Average
Description		Amount	Life
Non-compete agreements	$	171	2 years
Content		389	5 years
Customer relationships		764	3 years
Tradename		889	5 years
Internally developed software		5,763	8 years
	$	7,976

The goodwill generated by the Strive acquisition is primarily attributable to the technology, content, and software development capabilities that complement our existing All Access Pass subscription and has not yet been allocated to our operating segments. None of the goodwill or intangible assets generated by the acquisition of Strive are expected to be

deductible for income tax purposes. Acquisition costs totaled approximately $0.3 million and were recorded in selling, general, and administrative expense in the accompanying condensed consolidated statements of operations.

Inventories

9 Months Ended

May 31, 2021

Inventories [Abstract]

Inventories

NOTE 3 – 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):



		May 31,		August 31,
		2021		2020
Finished goods	$	2,624	$	2,947
Raw materials		28		27
	$	2,652	$	2,974

Receivables

9 Months Ended

May 31, 2021

Receivables [Abstract]

Receivables

NOTE 4 – 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. We do not have a significant amount of notes or other receivables.

The following schedule provides a reconciliation of the activity in our allowance for estimated credit losses during the quarter and three quarters ended May 31, 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
Charged to costs and expenses		1,066
Amounts written off		(185)
Balance at May 31, 2021	$	4,543

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

Consent And Second Modification Of Credit Agreement

9 Months Ended

May 31, 2021

Consent And Second Modification Of Credit Agreement [Abstract]

Consent And Second Modification Of Credit Agreement

NOTE 5 – CONSENT AND SECOND MODIFICATION OF CREDIT AGREEMENT

In connection with the acquisition of Strive as described in Note 2, we entered into a Consent and Second Modification Agreement to our existing secured credit agreement (the 2019 Agreement) with JPMorgan Chase Bank, N.A. (the Lender). The primary purposes of the Consent and Second Modification Agreement are to:

Consent to the purchase of Strive.

Reinstate the original debt covenants of the 2019 Agreement which were temporarily replaced by alternate debt covenants in the First Modification Agreement to the 2019 Agreement.

Reduce the interest rate for borrowings from LIBOR plus 3.0 percent to LIBOR plus 1.85 percent, which was the original rate on the 2019 Agreement. The unused credit commitment fee also returns to the previously established 0.2 percent.

The Consent and Second Modification Agreement did not change any repayment or credit availability terms on the 2019 Agreement. Our reinstated debt covenants consist of the following: (i) a Funded Indebtedness to Adjusted EBITDAR Ratio of less than 3.00 to 1.00; (ii) a Fixed Charge Coverage ratio not less than 1.15 to 1.00; (iii) an annual limit on capital expenditures (excluding capitalized curriculum development costs) of $8.0 million; and (iv) consolidated accounts receivable of not less than 150% of the aggregate amount of the outstanding borrowings on the revolving line of credit, the undrawn amount of outstanding letters of credit, and the amount of unreimbursed letter of credit disbursements.

In the event of noncompliance with these financial covenants and other defined events of default, the lender is entitled to certain remedies, including acceleration of the repayment of any amounts outstanding on the 2019 Agreement. At May 31, 2021, we believe that we were in compliance with the terms and covenants applicable to the 2019 Agreement and subsequent modifications.

Fair Value Of Financial Instruments

9 Months Ended

May 31, 2021

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

NOTE 6 – FAIR VALUE OF FINANCIAL INSTRUMENTS

At May 31, 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 three quarters ended May 31, 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
Change in fair value		34		84		118
Payments		(359)		-		(359)
Balance at May 31, 2021	$	2,316	$	832	$	3,148

At each quarterly reporting date, we typically estimate the fair value of our contingent liabilities from both the Jhana and RGP acquisitions through the use of Monte Carlo simulations. However, the RGP contingent consideration measurement period ended on May 31, 2021 and the fair value of the final contingent payment was measured using the specified performance objectives in the purchase agreement rather than a Monte Carlo simulation. Based on the timing of expected payments, $1.2 million of the Jhana and all of the RGP contingent consideration liabilities were recorded as components of accrued liabilities at May 31, 2021. The remaining $1.1 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

9 Months Ended

May 31, 2021

Revenue Recognition [Abstract]

Revenue Recognition

NOTE 7 – REVENUE RECOGNITION

Contract Balances

Our deferred revenue totaled $64.8 million at May 31, 2021 and $68.9 million at August 31, 2020, of which $1.5 million and $2.2 million were classified as components of other long-term liabilities at May 31, 2021, and August 31, 2020, respectively. The amount of deferred revenue that was generated from subscription offerings totaled $55.3 million at May 31, 2021 and $60.6 million at August 31, 2020. During the quarter and three quarters ended May 31, 2021, we recognized $25.9 million and $70.5 million of previously deferred subscription revenue.

Remaining Performance Obligations

When possible, we enter into multi-year non-cancellable contracts which are invoiced either upon execution of the contract or at the beginning of each annual contract period. 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 May 31, 2021, we had $96.6 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 11, 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

9 Months Ended

May 31, 2021

Stock-Based Compensation [Abstract]

Stock-Based Compensation

NOTE 8 – STOCK-BASED COMPENSATION

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



		Quarter Ended			Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020
Long-term incentive awards	$	2,144	$	(5,326)	$	4,458	$	(2,124)
Restricted stock awards		175		175		525		525
Employee stock purchase plan		51		47		144		139
	$	2,370	$	(5,104)	$	5,127	$	(1,460)

For the quarter and three quarters ended May 31, 2021, we issued 14,242 shares and 421,367 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 three quarters ended May 31, 2021, we withheld 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 May 31, 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 May 31, 2021	-	$	-

Options vested and exercisable at
May 31, 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, of which $0.5 million was recognized upon the exercise of the options.

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 2021 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 three quarters ended May 31, 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
May 31, 2021	28,049	$	24.96

At May 31, 2021, there was $0.4 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 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 other 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 three quarters ended May 31, 2021, we issued 14,242 shares and 40,384 shares of our common stock to participants in the ESPP.

Income Taxes

9 Months Ended

May 31, 2021

Income Taxes [Abstract]

Income Taxes

NOTE 9 – INCOME TAXES

For the three quarters ended May 31, 2021, we recorded an income tax benefit of $9.6 million on pre-tax income of $2.2 million, which resulted in an effective tax benefit rate of approximately 434 percent for the first three quarters of fiscal 2021. We computed income taxes by applying an estimated annual effective income tax rate to the consolidated pre-tax income for the period, adjusting for discrete items arising during the period, including a $10.9 million tax benefit from a decrease in the valuation allowance against our deferred income tax assets and a $0.5 million tax benefit from the exercise of stock options (Note 8).

The decrease in our deferred tax asset valuation allowance resulted in a net income tax benefit of $10.9 million for the first three quarters of fiscal 2021. To determine the necessity and amount of the required valuation allowance, we applied relevant accounting guidance, considering both positive and negative evidence in determining whether it is more likely than not that some portion or all of our deferred tax assets will be realized. Because of cumulative pre-tax income over the past three fiscal years, combined with the Company’s better-than-anticipated performance during the COVID-19 pandemic and expected strong continuing performance, we determined that it is more-likely-than-not that sufficient taxable income will be available to realize all of our deferred tax assets before they expire, except for net operating loss carryforwards in certain foreign jurisdictions. Accordingly, we decreased the valuation allowance against our deferred tax assets at May 31, 2021.

- 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

9 Months Ended

May 31, 2021

Income (Loss) Per Share [Abstract]

Income (Loss) Per Share

NOTE 10 – INCOME (LOSS) PER SHARE

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



	Quarter Ended				Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020
Numerator for basic and
diluted loss per share:
Net income (loss)	$	12,754	$	(10,968)	$	11,816	$	(10,415)

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		14,145		13,869		14,068		13,897
Effect of dilutive securities:
Stock options and other
stock-based awards		11		-		65		-
Diluted weighted average
shares outstanding		14,156		13,869		14,133		13,897

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	0.90	$	(0.79)	$	0.84	$	(0.75)

Segment Information

9 Months Ended

May 31, 2021

Segment Information [Abstract]

Segment Information

NOTE 11 – 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
May 31, 2021		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	42,704	$	34,678	$	8,894
International licensees		2,395		2,069		821
		45,099		36,747		9,715
Education practice		11,899		8,179		1,132
Corporate and eliminations		1,738		981		(2,284)
Consolidated	$	58,736	$	45,907	$	8,563

Quarter Ended
May 31, 2020

Enterprise Division:
Direct offices	$	26,760	$	21,108	$	352
International licensees		708		339		(724)
		27,468		21,447		(372)
Education practice		8,216		4,711		(1,536)
Corporate and eliminations		1,421		663		(1,734)
Consolidated	$	37,105	$	26,821	$	(3,642)

Three Quarters Ended
May 31, 2021

Enterprise Division:
Direct offices	$	115,185	$	93,201	$	21,729
International licensees		7,421		6,454		3,608
		122,606		99,655		25,337
Education practice		27,874		17,510		(2,010)
Corporate and eliminations		4,743		2,469		(5,925)
Consolidated	$	155,223	$	119,634	$	17,402

Three Quarters Ended
May 31, 2020

Enterprise Division:
Direct offices	$	106,844	$	81,221	$	10,796
International licensees		7,120		5,696		2,696
		113,964		86,917		13,492
Education practice		30,190		17,828		(3,707)
Corporate and eliminations		5,309		2,772		(4,410)
Consolidated	$	149,463	$	107,517	$	5,375

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



	Quarter Ended				Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020
Segment Adjusted EBITDA	$	10,847	$	(1,908)	$	23,327	$	9,785
Corporate expenses		(2,284)		(1,734)		(5,925)		(4,410)
Consolidated Adjusted EBITDA		8,563		(3,642)		17,402		5,375
Stock-based compensation		(2,370)		5,104		(5,127)		1,460
Business acquisition costs		(300)		-		(300)		-
Decrease (increase) in the fair value of
contingent consideration liabilities		(118)		276		(164)		367
Government COVID-19 assistance		-		-		234		-
Knowledge Capital wind-down costs		-		-		-		(389)
Gain from insurance settlement		-		933		150		933
Depreciation		(1,423)		(1,652)		(4,904)		(4,925)
Amortization		(1,238)		(1,164)		(3,503)		(3,504)
Income (loss) from operations		3,114		(145)		3,788		(683)
Interest income		16		18		56		36
Interest expense		(525)		(621)		(1,633)		(1,783)
Income (loss) before income taxes		2,605		(748)		2,211		(2,430)
Income tax benefit (provision)		10,149		(10,220)		9,605		(7,985)
Net income (loss)	$	12,754	$	(10,968)	$	11,816	$	(10,415)

Revenue by Category

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



	Quarter Ended				Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020

Americas	$	47,524	$	32,788	$	124,679	$	119,545
Asia Pacific		7,922		2,759		21,351		19,987
Europe/Middle East/Africa		3,290		1,558		9,193		9,931
	$	58,736	$	37,105	$	155,223	$	149,463

‎

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



Quarter Ended		Services and						Leases and
May 31, 2021		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	23,266	$	18,752	$	686	$	-	$	42,704
International licensees		412		-		1,983		-		2,395
		23,678		18,752		2,669		-		45,099
Education practice		4,298		7,171		430		-		11,899
Corporate and eliminations		-		-		345		1,393		1,738
Consolidated	$	27,976	$	25,923	$	3,444	$	1,393	$	58,736

Quarter Ended
May 31, 2020

Enterprise Division:
Direct offices	$	10,051	$	15,965	$	744	$	-	$	26,760
International licensees		191		-		517		-		708
		10,242		15,965		1,261		-		27,468
Education practice		1,373		6,286		557		-		8,216
Corporate and eliminations		-		-		334		1,087		1,421
Consolidated	$	11,615	$	22,251	$	2,152	$	1,087	$	37,105

Three Quarters Ended
May 31, 2021

Enterprise Division:
Direct offices	$	60,589	$	52,499	$	2,097	$	-	$	115,185
International licensees		1,267		-		6,154		-		7,421
		61,856		52,499		8,251		-		122,606
Education practice		8,018		17,977		1,879		-		27,874
Corporate and eliminations		-		-		1,053		3,690		4,743
Consolidated	$	69,874	$	70,476	$	11,183	$	3,690	$	155,223

Three Quarters Ended
May 31, 2020

Enterprise Division:
Direct offices	$	58,946	$	45,425	$	2,473	$	-	$	106,844
International licensees		1,191		-		5,929		-		7,120
		60,137		45,425		8,402		-		113,964
Education practice		7,908		19,296		2,986		-		30,190
Corporate and eliminations		-		-		1,649		3,660		5,309
Consolidated	$	68,045	$	64,721	$	13,037	$	3,660	$	149,463

- 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)	9 Months Ended
Basis Of Presentation (Policy)	May 31, 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) subscription, 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, The 4 Disciplines of Execution, and Multipliers, 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 three quarters ended May 31, 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 adverse impact of COVID-19 on the global economic and operating environment. These conditions have adversely affected our consolidated sales during the quarter and three quarters ended May 31, 2021 as some workplaces and schools remained closed in response to the pandemic. However, during the third quarter of fiscal 2021 we have benefitted from the recovery of certain countries and markets. The recovery from COVID-19 has thus far been uneven as case numbers have fluctuated and increased in certain areas of the world, which has caused continued business, educational, and social disruptions. In light of these events, we have taken measures to reduce our costs and to maintain adequate liquidity. Due to the rapidly changing business and education environment 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 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 4, 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.

Acquisition Of Strive Talent, Inc. (Tables)

9 Months Ended

May 31, 2021

Acquisition Of Strive Talent, Inc. [Abstract]

Schedule Of Total Purchase Price



Cash paid at closing	$	10,554
Notes payable		3,766
Total purchase price	$	14,320

Schedule Of Assets Acquired And Liabilities Assumed



Cash acquired	$	345
Accounts receivable		154
Prepaid and other current assets		56
Property and equipment		13
Intangible assets		7,976
Goodwill		7,000
Assets acquired		15,544
Deferred revenue		(52)
Accrued liabilities		(135)
Deferred income tax liability		(1,037)
Notes payable, current portion		(836)
Notes payable, long-term		(2,930)
Liabilities assumed		(4,990)
	$	10,554

Schedule Of Assets Acquired Amortized Over Weighted Average Life



			Weighted Average
Description		Amount	Life
Non-compete agreements	$	171	2 years
Content		389	5 years
Customer relationships		764	3 years
Tradename		889	5 years
Internally developed software		5,763	8 years
	$	7,976

Inventories (Tables)

9 Months Ended

May 31, 2021

Inventories [Abstract]

Components Of Inventories



		May 31,		August 31,
		2021		2020
Finished goods	$	2,624	$	2,947
Raw materials		28		27
	$	2,652	$	2,974

Receivables (Tables)

9 Months Ended

May 31, 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
Charged to costs and expenses		1,066
Amounts written off		(185)
Balance at May 31, 2021	$	4,543

Fair Value Of Financial Instruments (Tables)

9 Months Ended

May 31, 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
Change in fair value		34		84		118
Payments		(359)		-		(359)
Balance at May 31, 2021	$	2,316	$	832	$	3,148

Stock-Based Compensation (Tables)

9 Months Ended

May 31, 2021

Stock-Based Compensation [Abstract]

Total Cost Of Stock-Based Compensation



		Quarter Ended			Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020
Long-term incentive awards	$	2,144	$	(5,326)	$	4,458	$	(2,124)
Restricted stock awards		175		175		525		525
Employee stock purchase plan		51		47		144		139
	$	2,370	$	(5,104)	$	5,127	$	(1,460)

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 May 31, 2021	-	$	-

Options vested and exercisable at
May 31, 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
May 31, 2021	28,049	$	24.96

Income (Loss) Per Share (Tables)

9 Months Ended

May 31, 2021

Income (Loss) Per Share [Abstract]

Computation Of Income (Loss) Per Share



	Quarter Ended				Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020
Numerator for basic and
diluted loss per share:
Net income (loss)	$	12,754	$	(10,968)	$	11,816	$	(10,415)

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		14,145		13,869		14,068		13,897
Effect of dilutive securities:
Stock options and other
stock-based awards		11		-		65		-
Diluted weighted average
shares outstanding		14,156		13,869		14,133		13,897

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	0.90	$	(0.79)	$	0.84	$	(0.75)

Segment Information (Tables)

9 Months Ended

May 31, 2021

Segment Information [Abstract]

Schedule Of Segment Operations



		Sales to
Quarter Ended		External				Adjusted
May 31, 2021		Customers		Gross Profit		EBITDA

Enterprise Division:
Direct offices	$	42,704	$	34,678	$	8,894
International licensees		2,395		2,069		821
		45,099		36,747		9,715
Education practice		11,899		8,179		1,132
Corporate and eliminations		1,738		981		(2,284)
Consolidated	$	58,736	$	45,907	$	8,563

Quarter Ended
May 31, 2020

Enterprise Division:
Direct offices	$	26,760	$	21,108	$	352
International licensees		708		339		(724)
		27,468		21,447		(372)
Education practice		8,216		4,711		(1,536)
Corporate and eliminations		1,421		663		(1,734)
Consolidated	$	37,105	$	26,821	$	(3,642)

Three Quarters Ended
May 31, 2021

Enterprise Division:
Direct offices	$	115,185	$	93,201	$	21,729
International licensees		7,421		6,454		3,608
		122,606		99,655		25,337
Education practice		27,874		17,510		(2,010)
Corporate and eliminations		4,743		2,469		(5,925)
Consolidated	$	155,223	$	119,634	$	17,402

Three Quarters Ended
May 31, 2020

Enterprise Division:
Direct offices	$	106,844	$	81,221	$	10,796
International licensees		7,120		5,696		2,696
		113,964		86,917		13,492
Education practice		30,190		17,828		(3,707)
Corporate and eliminations		5,309		2,772		(4,410)
Consolidated	$	149,463	$	107,517	$	5,375

Reconciliation Of Adjusted EBITDA



	Quarter Ended				Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020
Segment Adjusted EBITDA	$	10,847	$	(1,908)	$	23,327	$	9,785
Corporate expenses		(2,284)		(1,734)		(5,925)		(4,410)
Consolidated Adjusted EBITDA		8,563		(3,642)		17,402		5,375
Stock-based compensation		(2,370)		5,104		(5,127)		1,460
Business acquisition costs		(300)		-		(300)		-
Decrease (increase) in the fair value of
contingent consideration liabilities		(118)		276		(164)		367
Government COVID-19 assistance		-		-		234		-
Knowledge Capital wind-down costs		-		-		-		(389)
Gain from insurance settlement		-		933		150		933
Depreciation		(1,423)		(1,652)		(4,904)		(4,925)
Amortization		(1,238)		(1,164)		(3,503)		(3,504)
Income (loss) from operations		3,114		(145)		3,788		(683)
Interest income		16		18		56		36
Interest expense		(525)		(621)		(1,633)		(1,783)
Income (loss) before income taxes		2,605		(748)		2,211		(2,430)
Income tax benefit (provision)		10,149		(10,220)		9,605		(7,985)
Net income (loss)	$	12,754	$	(10,968)	$	11,816	$	(10,415)

Disaggregation Of Revenue By Category

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



	Quarter Ended				Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2021		2020		2021		2020

Americas	$	47,524	$	32,788	$	124,679	$	119,545
Asia Pacific		7,922		2,759		21,351		19,987
Europe/Middle East/Africa		3,290		1,558		9,193		9,931
	$	58,736	$	37,105	$	155,223	$	149,463

‎

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



Quarter Ended		Services and						Leases and
May 31, 2021		Products		Subscriptions		Royalties		Other		Consolidated

Enterprise Division:
Direct offices	$	23,266	$	18,752	$	686	$	-	$	42,704
International licensees		412		-		1,983		-		2,395
		23,678		18,752		2,669		-		45,099
Education practice		4,298		7,171		430		-		11,899
Corporate and eliminations		-		-		345		1,393		1,738
Consolidated	$	27,976	$	25,923	$	3,444	$	1,393	$	58,736

Quarter Ended
May 31, 2020

Enterprise Division:
Direct offices	$	10,051	$	15,965	$	744	$	-	$	26,760
International licensees		191		-		517		-		708
		10,242		15,965		1,261		-		27,468
Education practice		1,373		6,286		557		-		8,216
Corporate and eliminations		-		-		334		1,087		1,421
Consolidated	$	11,615	$	22,251	$	2,152	$	1,087	$	37,105

Three Quarters Ended
May 31, 2021

Enterprise Division:
Direct offices	$	60,589	$	52,499	$	2,097	$	-	$	115,185
International licensees		1,267		-		6,154		-		7,421
		61,856		52,499		8,251		-		122,606
Education practice		8,018		17,977		1,879		-		27,874
Corporate and eliminations		-		-		1,053		3,690		4,743
Consolidated	$	69,874	$	70,476	$	11,183	$	3,690	$	155,223

Three Quarters Ended
May 31, 2020

Enterprise Division:
Direct offices	$	58,946	$	45,425	$	2,473	$	-	$	106,844
International licensees		1,191		-		5,929		-		7,120
		60,137		45,425		8,402		-		113,964
Education practice		7,908		19,296		2,986		-		30,190
Corporate and eliminations		-		-		1,649		3,660		5,309
Consolidated	$	68,045	$	64,721	$	13,037	$	3,660	$	149,463

Acquisition Of Strive Talent, Inc. (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 26, 2021	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020	Dec. 31, 2020
Business Acquisition, Contingent Consideration [Line Items]
Revenue		$ 58,736	$ 37,105	$ 155,223	$ 149,463
Income (loss) from operations		3,114	$ (145)	3,788	$ (683)
Strive [Member]
Business Acquisition, Contingent Consideration [Line Items]
Aggregate consideration	$ 14,320
Purchase price paid in cash	10,554
Amount in escrow	1,000
Payable in equal cash payments on the first five anniversaries	4,200
Payments to stockholders and option holders	1,000
Revenue						$ 1,300
Income (loss) from operations						$ (1,100)
Acquisition costs		$ 300		$ 300
Strive [Member] \| Maximum [Member]
Business Acquisition, Contingent Consideration [Line Items]
Aggregate consideration	20,000
Earned by the former principal owner	4,300
Additional contingent payments	$ 5,300

Acquisition Of Strive Talent, Inc. (Schedule Of Total Purchase Price) (Details) - Strive [Member] $ in Thousands	Apr. 26, 2021 USD ($)
Business Acquisition [Line Items]
Cash paid at closing	$ 10,554
Notes payable	3,766
Total purchase price	$ 14,320

Acquisition Of Strive Talent, Inc. (Schedule Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	May 31, 2021	Apr. 26, 2021	Aug. 31, 2020
Business Acquisition, Contingent Consideration [Line Items]
Goodwill	$ 31,220		$ 24,220
Strive [Member]
Business Acquisition, Contingent Consideration [Line Items]
Cash acquired		$ 345
Accounts receivable		154
Prepaid and other current assets		56
Property and equipment		13
Intangible assets		7,976
Goodwill		7,000
Assets acquired		15,544
Deferred revenue		(52)
Accrued liabilities		(135)
Deferred income tax liability		(1,037)
Notes payable, current portion		(836)
Notes payable, long-term		(2,930)
Liabilities assumed		(4,990)
Purchase price		$ 10,554

Acquisition Of Strive Talent, Inc. (Schedule Of Assets Acquired Amortized Over Weighted Average Life) (Details) - Strive [Member] $ in Thousands	Apr. 26, 2021 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 7,976
Non-compete Agreements [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 171
Weighted Average Life	2 years
Content [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 389
Weighted Average Life	5 years
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 764
Weighted Average Life	3 years
Tradename [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 889
Weighted Average Life	5 years
Internally Developed Software [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 5,763
Weighted Average Life	8 years

Inventories (Components Of Inventories) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Inventories [Abstract]
Finished goods	$ 2,624	$ 2,947
Raw materials	28	27
Inventories	$ 2,652	$ 2,974

Receivables (Narrative) (Details) - Credit Concentration Risk [Member] - Trade Receivables [Member]	9 Months Ended	12 Months Ended
	May 31, 2021	Aug. 31, 2020
Concentration risk, customer	No	No
Minimum [Member]
Concentration risk, percentage	10.00%	10.00%

Receivables (Activity In Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands	3 Months Ended
	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020
Receivables [Abstract]
Beginning balance	$ 3,662	$ 3,751	$ 4,159
Charged to costs and expenses	1,066	46	247
Amounts written off	(185)	(135)	(655)
Ending balance	$ 4,543	$ 3,662	$ 3,751

Consent And Second Modification Of Credit Agreement (Narrative) (Details) - Consent And Second Modification Agreement [Member]			9 Months Ended
	Apr. 26, 2021	Apr. 25, 2021	May 31, 2021
Debt Instrument [Line Items]
Percentage added to LIBOR rate		3.00%
Unused credit commitment fee	0.20%
Interest Rate Reduction [Member]
Debt Instrument [Line Items]
Percentage added to LIBOR rate	1.85%
2019 Agreement [Member]
Debt Instrument [Line Items]
Debt covenants			(i) a Funded Indebtedness to Adjusted EBITDAR Ratio of less than 3.00 to 1.00; (ii) a Fixed Charge Coverage ratio not less than 1.15 to 1.00; (iii) an annual limit on capital expenditures (excluding capitalized curriculum development costs) of $8.0 million; and (iv) consolidated accounts receivable of not less than 150% of the aggregate amount of the outstanding borrowings on the revolving line of credit, the undrawn amount of outstanding letters of credit, and the amount of unreimbursed letter of credit disbursements.
Covenant compliance			we were in compliance with the terms and covenants applicable to the 2019 Agreement and subsequent modifications.

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020	Aug. 31, 2020
Contingent consideration	$ 3,148	$ 3,389	$ 3,616	$ 3,883
Jhana [Member]
Contingent consideration	2,316	$ 2,641	$ 2,818	$ 3,067
Jhana [Member] \| Other Long-Term Liabilities [Member]
Contingent consideration	1,100
Jhana And RGP [Member] \| Accrued Liabilities [Member]
Contingent consideration	$ 1,200

Fair Value Of Financial Instruments (Schedule Of Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020	May 31, 2020	May 31, 2021	May 31, 2020
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	$ 3,389	$ 3,616	$ 3,883		$ 3,883
Change in fair value	118	(16)	62	$ (276)	164	$ (367)
Payments	(359)	(211)	(329)
Contingent Liability at ending	3,148	3,389	3,616		3,148
Jhana [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	2,641	2,818	3,067		3,067
Change in fair value	34	34	80
Payments	(359)	(211)	(329)
Contingent Liability at ending	2,316	2,641	2,818		2,316
RGP [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	748	798	816		816
Change in fair value	84	(50)	(18)
Payments
Contingent Liability at ending	$ 832	$ 748	$ 798		$ 832

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	May 31, 2021	May 31, 2021	Aug. 31, 2020
Deferred revenue	$ 64.8	$ 64.8	$ 68.9
Other long-term liabilities	1.5	1.5	2.2
Remaining performance obligations	96.6	96.6
Subscription Offerings [Member]
Deferred revenue	55.3	55.3	$ 60.6
Subscription [Member]
Deferred revenue recognized	$ 25.9	$ 70.5

Stock-Based Compensation (Narrative) (Details) $ in Thousands		3 Months Ended						9 Months Ended
	Oct. 02, 2020 USD ($) item shares	May 31, 2021 USD ($) shares	Feb. 28, 2021 USD ($)	Nov. 30, 2020 USD ($)	May 31, 2020 USD ($)	Feb. 29, 2020 USD ($)	Nov. 30, 2019 USD ($)	May 31, 2021 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued under terms of the award \| shares		14,242						421,367
Income tax benefit upon exercise of the options								$ 500
Fiscal 2021 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		14,242						40,384
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld for tax \| shares								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 the options								700
Income tax benefit upon exercise of the options								500
Restricted Stock Awards [Member] \| Board Of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		$ 400						$ 400
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		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 2,370	$ (5,104)	$ 5,127	$ (1,460)
Long-Term Incentive Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	2,144	(5,326)	4,458	(2,124)
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	175	175	525	525
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 51	$ 47	$ 144	$ 139

Stock-Based Compensation (Stock Option Activity) (Details) - Stock Options [Member]	9 Months Ended
	May 31, 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 May 31, 2021 \| shares
Number of Stock Options, Options vested and exercisable at May 31, 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 May 31, 2021 \| $ / shares
Weighted Average Exercise Price Per Share, Options vested and exercisable at May 31, 2021 \| $ / shares

Stock-Based Compensation (Restricted Stock Award Activity) (Details) - Restricted Stock Awards [Member]	9 Months Ended
	May 31, 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 May 31, 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 May 31, 2021, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 24.96

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Income Taxes [Abstract]
Income tax benefit	$ (10,149)	$ 10,220	$ (9,605)	$ 7,985
Pre-tax loss	$ 2,605	$ (748)	2,211	$ (2,430)
Tax benefit from decrease in valuation allowance against deferred income tax assets			10,900
Income tax benefit upon exercise of the options			$ 500
Percentage of net tax benefit			434.00%

- 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

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+ 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 (Computation Of Income (Loss) Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Numerator for basic and diluted loss per share:
Net income (loss)	$ 12,754	$ (10,968)	$ 11,816	$ (10,415)
Denominator for basic and diluted loss per share:
Basic weighted average shares outstanding	14,145	13,869	14,068	13,897
Effect of dilutive securities:
Stock options and other stock-based awards	11		65
Diluted weighted average shares outstanding	14,156	13,869	14,133	13,897
EPS Calculations:
Net income (loss) per share: Basic and diluted	$ 0.90	$ (0.79)	$ 0.84	$ (0.75)

- Definition

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

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+ Details

Segment Information (Narrative) (Details)	9 Months Ended
Segment Information (Narrative) (Details)	May 31, 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		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Segment Reporting Information [Line Items]
Sales to External Customers	$ 58,736	$ 37,105	$ 155,223	$ 149,463
Gross Profit	45,907	26,821	119,634	107,517
Adjusted EBITDA	8,563	(3,642)	17,402	5,375
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	1,738	1,421	4,743	5,309
Gross Profit	981	663	2,469	2,772
Adjusted EBITDA	(2,284)	(1,734)	(5,925)	(4,410)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	10,847	(1,908)	23,327	9,785
Operating Segments [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	45,099	27,468	122,606	113,964
Gross Profit	36,747	21,447	99,655	86,917
Adjusted EBITDA	9,715	(372)	25,337	13,492
Operating Segments [Member] \| Education Practice [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	11,899	8,216	27,874	30,190
Gross Profit	8,179	4,711	17,510	17,828
Adjusted EBITDA	1,132	(1,536)	(2,010)	(3,707)
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	42,704	26,760	115,185	106,844
Gross Profit	34,678	21,108	93,201	81,221
Adjusted EBITDA	8,894	352	21,729	10,796
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	2,395	708	7,421	7,120
Gross Profit	2,069	339	6,454	5,696
Adjusted EBITDA	$ 821	$ (724)	$ 3,608	$ 2,696

Segment Information (Reconciliation Of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020	May 31, 2020	May 31, 2021	May 31, 2020
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ 8,563			$ (3,642)	$ 17,402	$ 5,375
Stock-based compensation	(2,370)			5,104	(5,127)	1,460
Buiness acquisition costs	(300)				(300)
Decrease (increase) in the fair value of contingent consideration liabilities	(118)	$ 16	$ (62)	276	(164)	367
Government COVID-19 assistance					234
Knowledge Capital wind-down costs						(389)
Gain from insurance settlement				933	150	933
Depreciation	(1,423)			(1,652)	(4,904)	(4,925)
Amortization	(1,238)			(1,164)	(3,503)	(3,504)
Income (loss) from operations	3,114			(145)	3,788	(683)
Interest income	16			18	56	36
Interest expense	(525)			(621)	(1,633)	(1,783)
Income (loss) before income taxes	2,605			(748)	2,211	(2,430)
Income tax benefit (provision)	10,149			(10,220)	9,605	(7,985)
Net income (loss)	12,754			(10,968)	11,816	(10,415)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	10,847			(1,908)	23,327	9,785
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ (2,284)			$ (1,734)	$ (5,925)	$ (4,410)

Segment Information (Disaggregation Of Revenue By Geographic Region) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 58,736	$ 37,105	$ 155,223	$ 149,463
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	47,524	32,788	124,679	119,545
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue	7,922	2,759	21,351	19,987
Europe/Middle East/Africa [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 3,290	$ 1,558	$ 9,193	$ 9,931

- 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)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-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)
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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)
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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)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-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
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-Section 50
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-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		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 58,736	$ 37,105	$ 155,223	$ 149,463
Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,738	1,421	4,743	5,309
Services And Products [Member]
Disaggregation of Revenue [Line Items]
Revenue	27,976	11,615	69,874	68,045
Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue	25,923	22,251	70,476	64,721
Royalties [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,444	2,152	11,183	13,037
Royalties [Member] \| Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	345	334	1,053	1,649
Leases And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,393	1,087	3,690	3,660
Leases And Other [Member] \| Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,393	1,087	3,690	3,660
Operating Segments [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	45,099	27,468	122,606	113,964
Operating Segments [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	11,899	8,216	27,874	30,190
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	42,704	26,760	115,185	106,844
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,395	708	7,421	7,120
Operating Segments [Member] \| Services And Products [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	23,678	10,242	61,856	60,137
Operating Segments [Member] \| Services And Products [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	4,298	1,373	8,018	7,908
Operating Segments [Member] \| Services And Products [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	23,266	10,051	60,589	58,946
Operating Segments [Member] \| Services And Products [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	412	191	1,267	1,191
Operating Segments [Member] \| Subscriptions [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	18,752	15,965	52,499	45,425
Operating Segments [Member] \| Subscriptions [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	7,171	6,286	17,977	19,296
Operating Segments [Member] \| Subscriptions [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	18,752	15,965	52,499	45,425
Operating Segments [Member] \| Royalties [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,669	1,261	8,251	8,402
Operating Segments [Member] \| Royalties [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	430	557	1,879	2,986
Operating Segments [Member] \| Royalties [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	686	744	2,097	2,473
Operating Segments [Member] \| Royalties [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 1,983	$ 517	$ 6,154	$ 5,929

Stock-Based Compensation (Stock Option Activity) (Details) - Stock Options [Member]	9 Months Ended
	May 31, 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 May 31, 2021 \| shares
Number of Stock Options, Options vested and exercisable at May 31, 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 May 31, 2021 \| $ / shares
Weighted Average Exercise Price Per Share, Options vested and exercisable at May 31, 2021 \| $ / shares