0000886206-21-000040 | 10-K | XBRL Viewer

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.

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

Intangible Assets And Goodwill [Abstract]

Business Acquisitions

12 Months Ended

Aug. 31, 2021

Business Acquisitions [Abstract]

Business Acquisitions

3.BUSINESS ACQUISITIONS

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 (Note 6). The note payable is recorded at present value and accrues interest at 3.6 percent until the amount is paid in full.

A maximum of approximately $4.2 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.

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.

As described above, included in the purchase agreement for the acquisition of Strive are additional contingent payments of up to $5.2 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 in fiscal 2021 and pro forma financial information for this acquisition was not deemed necessary. 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 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		(835)
Notes payable, less current portion		(2,931)
Liabilities assumed		(4,990)
	$	10,554

The 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	7 years

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 was allocated to our operating segments based on relative fair value (Note 5). 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 $0.3 million and were recorded in selling, general, and administrative expense in the accompanying consolidated statements of operations and comprehensive income (loss).

Germany, Switzerland, and Austria Licensee

On December 5, 2018, we purchased all of the equity of Leadership Institut GmbH, a Munich, Germany based company with wholly owned subsidiary companies in Switzerland and Austria. Leadership Institut GmbH previously operated as an independent licensee that provided our training and products to Germany, Switzerland, and Austria (GSA). We transitioned the GSA licensee operation into a directly owned office operation during fiscal 2019. The purchase price was $0.2 million in cash, plus $0.8 million in forgiveness of liabilities owed to the Company from the pre-existing relationship at the purchase date. There is no contingent or other additional consideration associated with the purchase of the former GSA licensee. We accounted for the acquisition of Leadership Institut Gmbh as a business combination in fiscal 2019. We incurred costs for severance, legal, and other related acquisition expenses which totaled $0.5 million and were expensed in selling, general, and administrative expense during fiscal 2019. The acquisition of the GSA licensee provides us the opportunity to operate a directly owned office in one of the world’s largest economic markets and is expected to provide significant future growth opportunities. The total purchase price consisted of the following (in thousands):



Cash paid at closing	$	159
Accounts receivable from GSA licensee		798
Total purchase price	$	957

‎

The major classes of assets and liabilities to which we have allocated the purchase price were as follows (in thousands):

p

Cash acquired	$	127
Accounts receivable		564
Inventories		80
Prepaid expenses and other current assets		45
Intangible assets		741
Property and equipment		27
Other long-term assets		11
Assets acquired		1,595

Accounts payable		(208)
Accrued liabilities		(383)
Income taxes payable		(47)
Liabilities assumed		(638)
	$	957

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



			Weighted Average
Description		Amount	Life
Reacquisition of license rights	$	360	3 years
Localized content		202	3 years
Customer relationships		179	3 years
	$	741

We have included the financial results of the former GSA licensee in our financial results since the date of acquisition. The acquisition of the former GSA licensee was immaterial to our financial statements and pro forma financial information was not deemed necessary for this acquisition.

Accounts Receivables

12 Months Ended

Aug. 31, 2021

Accounts Receivables [Abstract]

Accounts Receivables

4.ACCOUNTS RECEIVABLE

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 replaced 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 current 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 past three fiscal years (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
Beginning balance	$	4,159	$	4,242	$	3,555
Charged to costs and expenses		1,553		2,023		1,212
Deductions		(1,069)		(2,106)		(525)
Ending balance	$	4,643	$	4,159	$	4,242

Deductions on the foregoing table represent the write-off of amounts deemed uncollectible during the fiscal year presented. Recoveries of amounts previously written off were insignificant for the periods presented. No customer accounted for more than 10 percent of our sales or accounts receivable in any year presented.

Intangible Assets And Goodwill

12 Months Ended

Aug. 31, 2021

Intangible Assets And Goodwill

5.INTANGIBLE ASSETS AND GOODWILL

Intangible Assets

Our intangible assets were comprised of the following (in thousands):



		Gross Carrying		Accumulated		Net Carrying
AUGUST 31, 2021		Amount		Amortization		Amount
Finite-lived intangible assets:
Acquired content	$	50,003	$	(40,352)	$	9,651
License rights		32,133		(23,036)		9,097
Customer lists		16,168		(14,519)		1,649
Acquired technology		7,282		(1,759)		5,523
Trade names		1,883		(933)		950
Non-compete agreements and other		930		(703)		227
		108,399		(81,302)		27,097
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	131,399	$	(81,302)	$	50,097

AUGUST 31, 2020
Finite-lived intangible assets:
Acquired content	$	62,327	$	(50,749)	$	11,578
License rights		32,137		(21,321)		10,816
Customer lists		20,280		(18,926)		1,354
Acquired technology		3,568		(3,568)		-
Trade names		2,036		(1,759)		277
Non-compete agreements and other		759		(659)		100
		121,107		(96,982)		24,125
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	144,107	$	(96,982)	$	47,125

In April 2021, we acquired Strive Talent, Inc. (Note 3), which generated $8.0 million of intangible assets that are included in the table above. During fiscal 2021 we reevaluated certain fully amortized intangible assets and wrote them off of our books.

Our intangible assets are amortized over the estimated useful life of the asset. The range of remaining estimated useful lives and weighted-average amortization period over which we are amortizing the major categories of finite-lived intangible assets at August 31, 2021 were as follows:


Category of Intangible Asset	Range of Remaining Estimated Useful Lives	Weighted Average Original Amortization Period

Acquired content	1 to 6 years	24 years
License rights	6 to 8 years	26 years
Customer lists	1 to 5 years	11 years
Acquired technology	8 years	6 years
Trade names	1 to 5 years	5 years
Non-compete agreements and other	2 to 6 years	3 years

Our aggregate amortization expense from finite-lived intangible assets totaled $5.0 million, $4.6 million, and $5.0 million for the fiscal years ended August 31, 2021, 2020, and 2019. Amortization expense from our intangible assets over the next five years is expected to be as follows (in thousands):



YEAR ENDING
AUGUST 31,
2022	$	5,267
2023		4,342
2024		4,200
2025		4,029
2026		3,938

Multipliers License Rights

We obtained an exclusive license (with certain exceptions) to develop and sell leadership offerings based on the bestselling book Multipliers, by Liz Wiseman. We launched the new Multipliers-based offerings in August 2020, which started minimum required royalty payments of $0.6 million per year through the expiration of the initial term of the license on August 31, 2029. The initial term of the Multipliers license may be extended over an additional five years, subject to the provisions of the license agreement. In August 2020, we recorded an increase to our intangible assets of $4.0 million, which is the present value of the minimum required royalty payments discounted at 5.0 percent. We are amortizing the Multipliers license rights on a straight-line basis over the initial license period, which ends on August 31, 2029.

Goodwill

The acquisition of Strive in fiscal 2021 generated $7.0 million of goodwill which was allocated to the Direct Office and International Licensee segments based on their relative fair value. We do not have any accumulated impairment charges against the carrying value of our goodwill. At August 31, 2021 and 2020, goodwill was allocated to our segments as shown below (in thousands):



		August 31,	Goodwill from		August 31,
		2020	Strive Acquisition		2021
Direct offices	$	16,825	6,137	$	22,962
International licensees		5,065	863		5,928
Education practice		2,330	-		2,330
	$	24,220	7,000	$	31,220

Notes Payable And Secured Credit Agreement

12 Months Ended

Aug. 31, 2021

Notes Payable And Secured Credit Agreement [Abstract]

Notes Payable And Secured Credit Agreement

6.NOTES PAYABLE AND SECURED CREDIT AGREEMENT

Notes Payable

At August 31, 2021, our notes payable consisted of term notes payable from our amended and secured credit agreement and $4.2 million payable in connection with the acquisition of Strive Talent, Inc. (Note 3) during fiscal 2021. The note payable to the former owners of Strive is recorded at net present value and accrues interest at 3.6 percent until the balance is paid in full. The balances and classification of our notes payable at August 31, 2021 were as follows (in thousands):



		Current Portion of		Notes Payable, less
Description		Notes Payable		Current Portion		Total
Term notes payable	$	5,000	$	10,000	$	15,000
Strive acquisition note payable		835		2,975		3,810
	$	5,835	$	12,975	$	18,810

Principal payments of $1.25 million on our term notes payable are due and payable on the first day of each January, April, July, and October until the term loans obligation is repaid in 2024. Interest on the term loans accrues at LIBOR plus 1.85 percent and is payable on the first day of each month. Under the terms of the Strive acquisition, we pay the former

principal owner of Strive $0.8 million each April for the first five years following the acquisition. Principal payments on these notes payable are as follows for the next five years (in thousands):



YEAR ENDING		Term Notes		Strive Note
AUGUST 31,		Payable		Payable		Total
2022	$	5,000	$	835	$	5,835
2023		5,000		835		5,835
2024		5,000		835		5,835
2025		-		835		835
2026		-		835		835
	$	15,000	$	4,175	$	19,175

Secured Credit Agreement

On August 7, 2019, we entered into a new credit agreement (the 2019 Credit Agreement) with our existing lender, which replaced the amended and restated credit agreement dated March 2011 (the Original Credit Agreement). The 2019 Credit Agreement provides up to $25.0 million in term loans and a $15.0 million revolving line of credit. Upon entering into the 2019 Credit Agreement, we borrowed $20.0 million of the available term loan and used the proceeds to repay all indebtedness under the Original Credit Agreement. During November 2019, we borrowed the remaining $5.0 million of available term loan capacity on the 2019 Credit Agreement.

The 2019 Credit Agreement is secured by substantially all of the assets of the Company and certain of our subsidiaries, and contains customary representations, warranties, and covenants. We incurred approximately $0.1 million of legal fees to obtain the 2019 Credit Agreement.

Second Modification Agreement

To address potential covenant compliance issues associated with the uncertainties surrounding the economic recovery from the COVID-19 pandemic, on July 8, 2020, we entered into the First Modification Agreement to the 2019 Credit Agreement. The primary purpose of the First Modification Agreement was to provide temporary alternative borrowing covenants for the fiscal quarters ending August 31, 2020 through May 31, 2021. In connection with the acquisition of Strive, we entered into a Consent and Second Modification Agreement to the 2019 Credit Agreement. The primary purposes of the Consent and Second Modification Agreement are to:

Consent to the purchase of Strive Talent, Inc.

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 Credit 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 Credit 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 Credit Agreement. At August 31, 2021, we believe that we were in compliance with the terms and covenants applicable to the 2019 Credit Agreement and subsequent modifications.

Interest on all borrowings under the 2019 Credit Agreement is due and payable on the first day of each month. The effective interest rate on our term loan obligations was 2.4 percent at August 31, 2021 and 3.5 percent at August 31, 2020.

Revolving Line of Credit

The key terms and conditions of our revolving line of credit associated with the 2019 Credit Agreement are as follows:

Available Credit – $15.0 million less outstanding standby letters of credit, which totaled $10,000 at August 31, 2021.

Maturity Date – August 7, 2024.

Interest Rate – The effective interest rate is LIBOR plus 1.85 percent per annum and the unused commitment fee on the line of credit is 0.2 percent per annum.

We did not have any borrowings on the revolving line of credit at either August 31, 2021 or 2020.

Financing Obligation

12 Months Ended

Aug. 31, 2021

Financing Obligation [Abstract]

Financing Obligation

7.FINANCING OBLIGATION

We previously sold our corporate headquarters campus located in Salt Lake City, Utah, and entered into a 20-year master lease agreement with the purchaser, an unrelated private investment group. The 20-year master lease agreement contains six additional five-year renewal options that allow us to maintain our operations at the current location for up to 50 years. Although the corporate headquarters facility was sold and we have no legal ownership of the property, the applicable accounting guidance prohibited us from recording the transaction as a sale since we subleased a significant portion of the property that was sold. In transition to the lease accounting guidance in ASC 842, we reassessed whether the contract met the sale criteria under the new leasing standard. Based on this assessment, we determined that the sale criteria under the new leasing standard was not met and we will continue to account for the corporate campus lease as a financing obligation on our consolidated balance sheet in future periods.

The financing obligation on our corporate campus was comprised of the following (in thousands):



AUGUST 31,		2021		2020
Financing obligation payable in
monthly installments of $322 at
August 31, 2021, including
principal and interest, with two
percent annual increases
(imputed interest at 7.7%),
through June 2025	$	14,048	$	16,648
Less current portion		(2,887)		(2,600)
Financing obligation, less
current portion	$	11,161	$	14,048

Future principal maturities of our financing obligation were as follows at August 31, 2021 (in thousands):



YEAR ENDING
AUGUST 31,
2022	$	2,887
2023		3,199
2024		3,538
2025		4,424
Thereafter		-
	$	14,048

‎

Our remaining future minimum payments under the financing obligation in the initial 20-year lease term are as follows (in thousands):



YEAR ENDING
AUGUST 31,
2022	$	3,874
2023		3,952
2024		4,031
2025		3,301
Thereafter		-
Total future minimum financing
obligation payments		15,158
Less interest		(2,422)
Present value of future minimum
financing obligation payments	$	12,736

The $1.3 million difference between the carrying value of the financing obligation and the present value of the future minimum financing obligation payments represents the carrying value of the land sold in the financing transaction, which is not depreciated. At the conclusion of the master lease agreement, the remaining financing obligation and carrying value of the land will be offset and written off our consolidated financial statements.

Leases

12 Months Ended

Aug. 31, 2021

Leases [Abstract]

Leases

8.LEASES

Lessee Obligations

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

Some of our operating leases contain renewal options that may be exercised at our discretion after the completion of the base rental term. At August 31, 2021, we had operating leases with remaining terms ranging from less than one year to approximately four years. The amounts of assets and liabilities (in thousands) and other information related to our operating leases follows:



	Balance Sheet
	Caption	Amount
Assets:
Operating lease right of use assets	Other long-term assets	$	1,775

Liabilities:
Current:
Operating lease liabilities	Accrued liabilities		636
Long-Term:
Operating lease liabilities	Other long-term liabilities		1,139
		$	1,775

Weighted Average Remaining Lease Term:
Operating leases (years)			3.0

Weighted Average Discount Rate:
Operating leases			4.1	%

In fiscal 2021, we obtained $1.6 million of right-of-use operating lease assets in exchange for operating lease liabilities. Future minimum lease payments under our operating leases at August 31, 2021, are as follows (in thousands):



YEAR ENDING
AUGUST 31,
2022	$	707
2023		610
2024		456
2025		110
2026		15
Thereafter		-
Total operating lease payments		1,898
Less imputed interest		(123)
Present value of operating lease liabilities	$	1,775

We recognize lease expense on a straight-line basis over the life of the lease agreement. Total rent expense recorded in selling, general, and administrative expense from our lease agreements totaled $1.6 million, $1.5 million, and $1.5 million for the fiscal years ended August 31, 2021, 2020, and 2019.

Lessor Accounting

We have subleased the majority of our corporate headquarters campus located in Salt Lake City, Utah to multiple tenants. These sublease agreements are accounted for as operating leases. We recognize sublease income on a straight-line basis over the life of the sublease agreement. The cost basis of our corporate campus was $36.2 million, which had a carrying value of $4.6 million at August 31, 2021. The following future minimum lease payments due to us from our sublease agreements at August 31, 2021, are as follows (in thousands):



YEAR ENDING
AUGUST 31,
2022	$	3,672
2023		2,038
2024		1,501
2025		1,253
2026		-
Thereafter		-
	$	8,464

Sublease revenue totaled $4.0 million, $3.9 million, and $3.9 million during the fiscal years ended August 31, 2021, 2020, and 2019.

Commitments And Contingencies

12 Months Ended

Aug. 31, 2021

Commitments And Contingencies [Abstract]

Commitments And Contingencies

9.COMMITMENTS AND CONTINGENCIES

Warehouse Outsourcing Contract

Effective October 1, 2020, we entered into a warehousing services agreement with an independent warehouse and distribution company to provide product kitting, warehousing, and order fulfillment services at a facility in Des Moines, Iowa. Under the terms of this contract, we pay a fixed charge of approximately $90,000 per year for account management services and variable charges for other warehousing services based on specified activities, including shipping charges. The warehousing contract expires on September 30, 2022, and the warehouse fixed charge may be increased each year of the contract based upon changes in the Employment Cost Index.

During fiscal years 2021, 2020, and 2019, we expensed $2.1 million, $2.1 million, and $3.1 million for services provided under the terms of our warehouse and distribution outsourcing contract. The total amount expensed each year includes freight charges, which are billed to us based upon activity. Freight charges included in the warehouse and distribution outsourcing costs totaled $1.4 million, $1.3 million, and $2.1 million during the fiscal years ended August 31, 2021, 2020,

and 2019. Because of the variable component of the agreement, our payments for warehouse and distribution services may fluctuate in the future due to changes in sales and levels of specified activities.

Purchase Commitments

During the normal course of business, we issue purchase orders to various vendors for products and services. At August 31, 2021, we had open purchase commitments totaling $3.9 million for products and services to be delivered primarily in fiscal 2022.

Letters of Credit

At August 31, 2021 and 2020, we had standby letters of credit totaling $10,000. These letters of credit were required to secure commitments for a certain insurance policy. No amounts were drawn on the letters of credit at either August 31, 2021 or August 31, 2020.

Legal Matters and Loss Contingencies

We are the subject of certain legal actions, which we consider routine to our business activities. At August 31, 2021, we believe that, after consultation with legal counsel, any potential liability to us under these other actions will not materially affect our financial position, liquidity, or results of operations.

Shareholders' Equity

12 Months Ended

Aug. 31, 2021

Shareholders' Equity [Abstract]

Shareholders' Equity

10.SHAREHOLDERS’ EQUITY

Preferred Stock

We have 14.0 million shares of preferred stock authorized for issuance. At August 31, 2021 and 2020, no shares of preferred stock were issued or outstanding.

Treasury Stock

On November 15, 2019, our Board of Directors approved a new plan to repurchase up to $40.0 million of our outstanding common stock. The previously existing common stock repurchase plan was canceled and the new common share repurchase plan does not have an expiration date. We did not purchase any shares of our common stock under the terms of this plan during fiscal 2021. During fiscal 2020, we purchased 5,000 shares of our common stock for $0.2 million under the terms of this Board approved plan. The actual timing, number, and value of common shares repurchased under this plan will be determined at our discretion and will depend on a number of factors, including, among others, general market and business conditions, the trading price of our common shares, and applicable legal requirements. We have no obligation to repurchase any common shares under the authorization, and the repurchase plan may be suspended, discontinued, or modified at any time for any reason.

The cost of common stock purchased for treasury as shown on our consolidated statement of cash flows for the fiscal year ended August 31, 2021 is entirely comprised of 147,092 shares withheld on stock-based compensation awards (Note 12) that were issued to participants during fiscal 2021. The shares withheld for income taxes were valued at the market price on the date the stock-based plan shares were distributed to participants, which totaled $3.0 million. Our cash paid for shares of common stock in fiscal 2020 was comprised of 284,608 shares purchased from Knowledge Capital Investment Group (Note 17), 109,896 shares withheld for statutory income taxes on various stock-based compensation plans which were valued at $3.7 million, and 5,000 shares purchased under the terms of our fiscal 2020 Board-approved purchase plan described above. For the fiscal year ended August 31, 2019 we withheld 561 shares of common stock which had a market value of $12,000.

Fair Value Of Financial Instruments

12 Months Ended

Aug. 31, 2021

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

11. FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The accounting standards related to fair value measurements include a hierarchy for information and valuations used in measuring fair value that is broken down into the following three levels based on reliability:

Level 1 valuations are based on quoted prices in active markets for identical instruments that the Company can access at the measurement date.

Level 2 valuations are based on inputs other than quoted prices included in Level 1 that are observable for the instrument, either directly or indirectly, for substantially the full term of the asset or liability including the following:

a.quoted prices for similar, but not identical, instruments in active markets;

b.quoted prices for identical or similar instruments in markets that are not active;

c.inputs other than quoted prices that are observable for the instrument; or

d.inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 valuations are based on information that is unobservable and significant to the overall fair value measurement.

The book values of our financial instruments at August 31, 2021 and 2020 approximated their fair values. The assessment of the fair values of our financial instruments is based on a variety of factors and assumptions. Accordingly, the fair values may not represent the actual values of the financial instruments that could have been realized at August 31, 2021 or 2020, or that will be realized in the future, and do not include expenses that could be incurred in an actual sale or settlement. The following methods and assumptions were used to determine the fair values of our financial instruments, none of which were held for trading or speculative purposes.

Cash, Cash Equivalents, and Accounts Receivable – The carrying amounts of cash, cash equivalents, and accounts receivable approximate their fair values due to the liquidity and short-term maturity of these instruments.

Other Assets – Our other assets, including notes receivable, were recorded at the net realizable value of estimated future cash flows from these instruments.

Debt Obligations – At August 31, 2021, our debt obligations consisted primarily of a variable-rate term note payable and a note payable to the former owners of Strive. Our term note payable and revolving line of credit are negotiated components of our 2019 Credit Agreement, which was completed in August 2019 and modified in April 2021. Accordingly, the applicable interest rates on the term loan and revolving line of credit are reflective of current market conditions, and the carrying value of term loan and revolving line of credit (when applicable) obligations therefore approximate their fair value.

Contingent Consideration Liabilities from Business Acquisitions

We have contingent consideration liabilities arising from previous business acquisitions. We measure the fair values of our contingent consideration liabilities at each reporting date based on valuation models as described below. Changes to the fair value of the contingent consideration liabilities are recorded in selling, general, and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss) in the period of adjustment. The fair value of the contingent consideration liabilities from the acquisition of Robert Gregory Partners (RGP) and Jhana Education (Jhana) changed as follows during the fiscal year ended August 31, 2021 (in thousands):



			Change in
AUGUST 31,	2020		Fair Value		Payments		2021
RGP contingent liability	$	816	$	16	$	(832)	$	-
Jhana contingent liability		3,067		177		(1,149)		2,095
	$	3,883	$	193	$	(1,981)	$	2,095

At each quarterly reporting date, we estimate the fair value of our contingent consideration liabilities 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, $1.3 million of the Jhana contingent consideration liability is recorded as a component of accrued liabilities at August 31, 2021. The remaining $0.8 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 consolidated statements of operations and comprehensive income (loss). The following additional information applies to our recurring contingent consideration liability shown above.

Jhana Education – On July 11, 2017, we acquired the stock of Jhana. The purchase price included potential contingent consideration of $7.2 million through the measurement period, which ends in July 2026. The fair value of the Jhana contingent consideration is a Level 3 measurement because we estimate projected consolidated Company and AAP sales over the measurement period. Changes in expected qualifying revenues over the measurement period influence the timing and amount of these contingent payments to the former owners of Jhana.

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.

Stock-Based Compensation Plans [Abstract]

Stock-Based Compensation Plans

12 Months Ended

Aug. 31, 2021

Stock-Based Compensation Plans

12. STOCK-BASED COMPENSATION PLANS

Overview

We utilize various stock-based compensation plans as integral components of our overall compensation and associate retention strategy. Our shareholders have approved various stock incentive plans that permit us to grant performance awards, restricted stock awards, stock options, fully-vested stock awards, and employee stock purchase plan (ESPP) shares. The Organization and Compensation Committee of the Board of Directors (the Compensation Committee) has responsibility for the approval and oversight of our stock-based compensation plans.

On January 25, 2019, our shareholders approved the Franklin Covey Co. 2019 Omnibus Incentive Plan (the 2019 Plan), which authorized an additional 700,000 shares of common stock for issuance to employees and members of the Board of Directors as stock-based payments. A more detailed description of the 2019 Plan is set forth in our Definitive Proxy Statement filed with the SEC on December 20, 2018. At August 31, 2021, the 2019 Plan had approximately 8,500 shares available for future grants.

Our employee stock purchase plan (ESPP) is administered under the terms of the Franklin Covey Co. 2017 Employee Stock Purchase Plan, which was approved by our shareholders at the annual meeting of shareholders held on January 26, 2018. For additional information regarding the Franklin Covey Co. 2017 Employee Stock Purchase Plan, please refer to our definitive Proxy Statement as filed with the SEC on December 22, 2017. At August 31, 2021, we had approximately 810,000 shares available for purchase by plan participants under the terms of the current shareholder-approved ESPP.

‎

The total compensation expense of our various stock-based compensation plans was as follows (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
Performance awards	$	7,652	$	(1,518)	$	3,853
Restricted stock awards		700		700		700
Compensation cost of the ESPP		205		185		176
Fully vested stock awards		60		60		60
	$	8,617	$	(573)	$	4,789

No stock-based compensation was capitalized during the fiscal years presented in this report. We recognize forfeitures of stock-based compensation instruments as they occur. During fiscal 2021, we issued 432,564 shares of our common stock from shares held in treasury for various stock-based compensation arrangements, including the ESPP. Our stock-based compensation plans allow shares to be withheld from the award to pay the participants’ statutory income tax liabilities. We withheld 147,092 shares of our common stock (Note 10), with a fair value of $3.0 million, for statutory income taxes during fiscal 2021.

At each quarterly or annual reporting date, we evaluate the number and probability of shares expected to vest in each of our performance-based long-term incentive plan (LTIP) awards and adjust our stock-based compensation expense to correspond with the number of shares expected to vest over the anticipated service period. Due to the significant impact of the COVID-19 pandemic on our results of operations in the third quarter of fiscal 2020 and the uncertainties surrounding the recovery of the world’s economies and our business, we determined that the LTIP award tranches which are based on qualified Adjusted EBITDA for outstanding LTIP awards (except the fiscal 2018 LTIP award) would not vest before the end of the respective service periods. We therefore reversed the previously recognized stock-based compensation expense associated with these awards during fiscal 2020, which resulted in a credit to stock-based compensation for the year. On October 2, 2020, the Compensation Committee modified the terms of our performance-based LTIP award tranches to extend the service period of each financial-metric based tranche by two years and increase each qualified Adjusted EBITDA vesting target by $2.0 million. No time-based vesting LTIP tranches were modified. During fiscal 2021 we reassessed the probability of awards vesting under the modified conditions and have expensed awards based on the new vesting requirements and expected financial results over the revised service periods.

The following is a description of our stock-based compensation plans.

Performance Awards

The Compensation Committee has awarded various performance-based stock compensation awards to members of our senior management as long-term incentive-based compensation. These awards vest to the participants based upon the achievement of specified performance criteria. Compensation expense is recognized as we determine it is probable that the shares will vest. Adjustments to compensation expense to reflect the timing of and the number of shares expected to be awarded are made on a cumulative basis at the date of the adjustment. We reevaluate the likelihood and/or the number of shares expected to vest under performance awards at each reporting date.

The following is a description of our performance-based awards as of August 31, 2021.

Fiscal 2021 LTIP Award – On October 2, 2020, the Compensation Committee of the Board of Directors granted a new LTIP award to our executive officers and members of senior management. The fiscal 2021 LTIP award has two tranches, which consist of the following: 1) shares that vest after three years of service and 2) the achievement of specified levels of qualified Adjusted EBITDA. Twenty-five percent of a participant’s award vests after three years of service, and the number of shares awarded in this tranche does not fluctuate based on financial measures. The number of shares granted in this tranche totals 52,696 shares. The remaining tranche is based on the highest rolling four-quarter level of qualified Adjusted EBITDA achieved in the three-year period ended 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.

Strive Acquisition Compensation – We structured two parts of the consideration for the fiscal 2021 acquisition of Strive Talent, Inc. (Note 3) as potentially payable in shares of our common stock. Each of the following amounts may be payable in shares of our common stock or cash at our sole discretion:

Contingent Consideration – A maximum of approximately $4.2 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. We measure the contingent consideration each quarter and divide the total by the average of the closing share price of our common stock on the NYSE over the last 15 trading days of the quarter. Shares are required to be distributed within 45 days following the end of each quarter.

Bonus Payments – 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. We are expensing these awards evenly over the service period, which is 18 months.

We have reserved 200,000 shares of our common stock from our 2019 Omnibus Plan for potential payment of this consideration.

Fiscal 2020 LTIP Award – On October 18, 2019, the Compensation Committee of the Board of Directors granted a new LTIP award to our executive officers and members of senior management. The fiscal 2020 LTIP award has three tranches, which consist of the following: 1) shares that vest after three years of service; 2) shares that vest based on the achievement of specified levels of qualified Adjusted EBITDA; and 3) shares that vest based on the achievement of specified levels of subscription service sales. Twenty-five percent of a participant’s award vests after three years of service, and the number of shares awarded in this tranche does not fluctuate based on financial measures. The number of shares granted in this tranche totals 25,101 shares. The remaining two tranches of the award are based on the highest rolling four-quarter levels of qualified Adjusted EBITDA and subscription service sales achieved in the three-year period which originally ended August 31, 2022. The number of shares that will vest to participants for these two tranches is variable and may be 50 percent of the award (minimum award threshold) up to 200 percent of the participant’s award (maximum threshold). The maximum number of shares that may be awarded in connection with these tranches totals 150,630 shares. As described above, the qualified Adjusted EBITDA vesting targets for the fiscal 2020 LTIP were increased by $2.0 million and the life of the award was extended to August 31, 2024.

Fiscal 2019 LTIP Award – On October 1, 2018, the Compensation Committee granted a performance-based LTIP award to our executive officers and members of senior management. The fiscal 2019 LTIP award has three tranches, which consist of the following: 1) shares that vest after three years of service; 2) the achievement of certain levels of qualified Adjusted EBITDA; and 3) the achievement of certain levels of subscription service sales. Twenty-five percent of a participant’s award vests after three years of service, and the number of shares awarded in this tranche will not fluctuate based on financial measures. The number of shares granted in this tranche totals 36,470 shares. The remaining two tranches of the fiscal 2019 award are based on the highest rolling four-quarter levels of qualified Adjusted EBITDA and subscription service sales achieved in the measurement period that originally ended August 31, 2021. The number of shares that will vest to participants for these two tranches is variable and may be 50 percent of the award (minimum threshold) up to 200 percent of the participant’s award (maximum threshold). The maximum number of shares that may be awarded in connection with these tranches totals 218,818 shares. During fiscal 2021, the fiscal 2019 LTIP award was modified by increasing the qualified Adjusted EBITDA vesting target by $2.0 million and extending the measurement period by two years to August 31, 2023.

Fiscal 2019 Time-Based Award – On January 25, 2019, the Compensation Committee approved an incentive plan award for the Chief Executive Officer, Chief Financial Officer, and Chief People Officer that had a two-year time-based service period. This award vested in January 2021 and a total of 11,915 shares were issued to the participants. The fair value of

this award was calculated by multiplying the number of shares by the closing price of the Company’s common stock on the grant date, which was $24.54 per share. The fair value of this award totaled $0.3 million, which was expensed evenly over the two-year service period.

Fiscal 2018 LTIP Award – On November 14, 2017, the Compensation Committee granted a performance-based LTIP award to our executive officers and members of senior management. The fiscal 2018 LTIP award had three tranches, which consisted of the following: 1) shares that vest after three years of service; 2) the achievement of specified levels of qualified Adjusted EBITDA; and 3) the achievement of specified levels of subscription service sales. Twenty-five percent of a participant’s award vested after three years of service, and the number of shares awarded in this tranche did not fluctuate based on financial measures. The number of shares granted in this tranche totaled 42,883 shares. The remaining two tranches of the fiscal 2018 award were based on the highest rolling four-quarter levels of qualified Adjusted EBITDA and subscription service sales achieved in the three-year period ended August 31, 2020. The number of shares that vested to participants for these two tranches was variable and was based on the achievement of the specified metrics. Based on financial results achieved in the three-year period ended August 31, 2020, a total of 221,067 shares were earned by participants in the fiscal 2018 LTIP, which were distributed in the first quarter of fiscal 2021.

Fiscal 2017 LTIP Award – On October 18, 2016, the Compensation Committee granted performance-based awards for our executive officers and members of senior management. A total of 183,381 shares may be earned by the participants based on six individual vesting conditions that are divided into two performance measures, trailing four-quarter qualified Adjusted EBITDA and trailing four-quarter gross All Access Pass sales. The 2017 LTIP had a six-year life and originally expired on August 31, 2022. However, as described above, the qualified Adjusted EBITDA vesting targets were each increased by $2.0 million and the life of the award was extended to August 31, 2024. At August 31, 2021, the final two tranches of the fiscal 2017 LTIP vested to participants and there are no remaining unvested shares associated with this award.

Fiscal 2016 LTIP Award – The fiscal 2016 LTIP was granted on November 12, 2015, to our executive officers and members of senior management. A total of 231,276 shares may be awarded to the participants based on six individual vesting conditions that are divided into two performance measures, trailing four-quarter qualified Adjusted EBITDA and increased sales of Organizational Development Suite (OD Suite) offerings. The OD Suite is defined as Leadership, Productivity, and Trust practice sales. The 2016 LTIP originally had a six-year life and would have expired on August 31, 2021. Consistent with other LTIP awards, this award was modified by increasing each qualified Adjusted EBITDA vesting target by $2.0 million and the life of the 2016 LTIP was extended to August 31, 2023. At August 31, 2021, the final two tranches of the fiscal 2016 LTIP vested to participants and there are no remaining unvested shares associated with this award.

Restricted Stock Awards

The annual Board of Director restricted stock award, which is administered under the terms of the Franklin Covey Co. 2019 Omnibus Incentive Plan, is designed to provide our non-employee directors, who are not eligible to participate in our ESPP, an opportunity to obtain an interest in the Company through the acquisition of shares of our common stock. Each eligible director is entitled to receive a whole-share grant equal to $100,000 with a one-year vesting period, which is generally granted in January (following the Annual Shareholders’ Meeting) of each year. Shares granted under the terms of this annual award may not be voted or participate in any common stock dividends until they are vested.

We issued 28,049 shares, 21,420 shares, and 28,525 shares of our common stock to eligible members of the Board of Directors during fiscal 2021, fiscal 2020, and fiscal 2019 as restricted stock awards. The fair value of shares awarded to the directors was $0.7 million in each of fiscal 2021, fiscal 2020, and fiscal 2019 as calculated on the grant date of the awards. The corresponding compensation cost of each award is recognized over the service period of the award, which is one year. The cost of the common stock issued from treasury for these awards was $0.4 million in fiscal 2021, $0.3 million in fiscal 2020, and $0.4 million in fiscal 2019. The following information applies to our restricted stock awards for the fiscal year ended August 31, 2021:



			Weighted-
			Average Grant-
			Date Fair
	Number of		Value Per
	Shares		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
August 31, 2021	28,049	$	24.96

At August 31, 2021, there was $0.2 million of unrecognized compensation cost on our restricted stock awards, which is expected to be recognized over the remaining service period of approximately four months. The total recognized income tax benefit from restricted stock awards totaled $0.2 million for each of the years ended August 31, 2021, 2020, and 2019. The intrinsic value of our restricted stock awards at August 31, 2021 was $1.2 million.

Stock Options

On January 12, 2021, our Chief Executive Officer (CEO) exercised his remaining stock options, which would have expired on January 14, 2021. Information related to our stock option activity during the fiscal year ended August 31, 2021 is presented below:



				Weighted
			Weighted	Average
			Avg. Exercise	Remaining		Aggregate
	Number of		Price Per	Contractual		Intrinsic Value
	Stock Options		Share	Life (Years)		(thousands)
Outstanding at August 31, 2020	218,750	$	11.57
Granted	-		-
Exercised	(218,750)		11.57
Forfeited	-		-
Outstanding at August 31, 2021	-	$	-	-	$	-

Options vested and exercisable at
August 31, 2021	-	$	-	-	$	-

Stock options exercised during fiscal 2021 and 2020 were exercised on a net basis (no cash was paid to exercise the options). For options exercised in fiscal 2021, we withheld 51,738 shares of our common stock with a fair value of $1.3 million for income taxes. The intrinsic value of options exercised in fiscal 2021 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. During fiscal 2020, 350,000 stock options were exercised and we withheld 102,656 shares of our common stock for statutory income taxes, which had a fair value of $3.6 million. The intrinsic value of options exercised during fiscal 2020 totaled $8.0 million and we recognized an income tax benefit of $1.8 million from the exercise of these options. No stock options were exercised during fiscal 2019.

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 quarter. ESPP participants purchased a total of 51,581 shares, 41,409 shares, and 43,073 shares our stock during the fiscal years ended August 31, 2021, 2020, and 2019, which had a corresponding cost basis of $0.8 million in fiscal 2021 and $0.6 million in each of fiscal 2020 and fiscal 2019. We received cash proceeds for these shares from ESPP participants totaling $1.1 million in fiscal 2021; $1.0 million during fiscal 2020; and $1.0 million in fiscal 2019.

Fully Vested Stock Awards

We have a stock-based incentive program that is designed to reward our client partners and training consultants for exceptional long-term performance. The program grants shares of our common stock to client partners who have achieved certain cumulative sales goals and to training consultants who have delivered a specified number of training days during their career. Four individuals qualified for these awards in each of the fiscal years ended August 31, 2021, 2020, and 2019.

Employee Benefit Plans

12 Months Ended

Aug. 31, 2021

Employee Benefit Plans [Abstract]

Employee Benefit Plans

13. EMPLOYEE BENEFIT PLANS

Profit Sharing Plans

We have defined contribution profit sharing plans for our employees that qualify under Section 401(k) of the Internal Revenue Code. These plans provide retirement benefits for employees meeting minimum age and service requirements. Qualified participants may contribute up to 75 percent of their gross wages, subject to certain limitations. These plans also provide for matching contributions to the participants that are paid by the Company. The matching contributions, which were expensed as incurred, totaled $2.5 million, $2.3 million, and $2.2 million during the fiscal years ended August 31, 2021, 2020, and 2019, respectively. We do not sponsor or participate in any defined-benefit pension plans.

Non-Qualified Deferred Compensation Plan

We had a non-qualified deferred compensation (NQDC) plan that provided certain key officers and employees the ability to defer a portion of their compensation until a later date. Deferred compensation amounts used to pay benefits were held in a “rabbi trust,” which invested in insurance contracts, various mutual funds, and shares of our common stock as directed by the plan participants. However, due to legal changes resulting from the American Jobs Creation Act of 2004, we determined to cease compensation deferrals to the NQDC plan after December 31, 2004. Following the cessation of deferrals to the NQDC plan, the number of participants remaining in the plan declined steadily, and our Board of Directors decided to partially terminate the NQDC plan. Following this decision, all of the plan’s assets were liquidated, the plan’s liabilities were paid, and the only remaining items in the NQDC plan are shares of our common stock owned by the remaining plan participants. At each of August 31, 2021 and 2020, the cost basis of the shares of our common stock held by the rabbi trust was $0.1 million. Shares of our common stock held in the rabbi trust are included as components of treasury stock on the accompanying consolidated balance sheets.

Income Taxes

12 Months Ended

Aug. 31, 2021

Income Taxes [Abstract]

Income Taxes

‎

14. INCOME TAXES

Our benefit (provision) for income taxes consisted of the following (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
Current:
Federal	$	-	$	(15)	$	93
State		(286)		(87)		(14)
Foreign		(1,773)		(1,145)		(2,745)
		(2,059)		(1,247)		(2,666)

Deferred:
Federal		2,869		2,306		3,112
State		13		98		102
Foreign		24		(77)		(120)
Operating loss carryforward		(3,058)		(50)		(1,625)
Valuation allowance		10,546		(11,261)		(418)
Foreign tax credit carryforward
reduction		(787)		-		-
		9,607		(8,984)		1,051
	$	7,548	$	(10,231)	$	(1,615)

The allocation of our total income tax benefit (provision) is as follows (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
Net income (loss)	$	7,548	$	(10,231)	$	(1,615)
Other comprehensive income (loss)		11		16		(5)
	$	7,559	$	(10,215)	$	(1,620)

Income (loss) before income taxes consisted of the following (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
United States	$	6,834	$	3,062	$	(1,910)
Foreign		(759)		(2,266)		2,502
	$	6,075	$	796	$	592

‎

The differences between income taxes at the statutory federal income tax rate and the consolidated income tax rate reported in our consolidated statements of operations and comprehensive income (loss) were as follows:



YEAR ENDED
AUGUST 31,	2021		2020		2019
Federal statutory income tax rate	(21.0)	%	(21.0)	%	(21.0)	%
State income taxes, net of federal effect	(1.6)		16.9		(5.4)
Valuation allowance	173.6		(1,412.9)		(70.8)
Foreign tax credit carryforward
reduction	(13.0)		-		-
Executive stock options	7.7		199.9		-
Foreign jurisdictions tax differential	(4.0)		1.4		(72.8)
Tax differential on income subject
to both U.S. and foreign taxes	(0.7)		11.9		(64.7)
Uncertain tax positions	(3.0)		13.8		34.0
Non-deductible executive compensation	(5.8)		(18.2)		(8.8)
Non-deductible meals and entertainment	(0.2)		(22.3)		(52.9)
Payout of deferred compensation (NQDC)	-		6.1		0.3
Other	(7.8)		(59.3)		(10.7)
	124.2	%	(1,283.7)	%	(272.8)	%

Our effective income tax benefit rate for fiscal 2021 of 124.2 percent was primarily due to a $10.5 million reduction in our valuation allowance against deferred income tax assets, which was partially offset by the reduction of $0.8 million in foreign tax credit carryforwards resulting from tax withheld by foreign jurisdictions in excess of amounts allowable as credits against our U.S. income taxes. In fiscal 2020, as explained below, we recognized $11.3 million of additional income tax expense resulting from the increase in the valuation allowance against our deferred tax assets. Due to the near break-even amount of pre-tax income during fiscal 2020 and 2019, the effect of non-temporary items on our effective income tax rate was greatly amplified.

In consideration of the relevant accounting guidance, we reevaluated our deferred tax assets during fiscal 2020 and considered 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 the cumulative pre-tax losses over the prior three fiscal years, combined with the expected continued disruptions and negative impact to our business resulting from uncertainties related to the recovery from the pandemic, we were unable to overcome accounting guidance indicating that it is more-likely-than-not that insufficient taxable income will be available to realize all of our deferred tax assets before they expire, primarily foreign tax credit carryforwards and a portion of our net operating loss carryforwards. Based on this assessment, we increased the valuation allowance against our deferred tax assets, which generated $11.3 million of additional income tax expense in fiscal 2020.

Our strong financial performance during fiscal 2021 produced cumulative three-year pre-tax income through August 31, 2021. Because of better-than-expected earnings during fiscal 2021, as well as a favorable outlook for future earnings, particularly from sales of our All Access Pass, we reduced the valuation allowance against our deferred tax assets by $10.5 million during fiscal 2021.

The Tax Cut and Jobs Act (the 2017 Tax Act) was signed into law on December 22, 2017. The 2017 Tax Act significantly revised the U.S. corporate income tax code by, among other things, lowering the statutory corporate tax rate from 35 percent to 21 percent; eliminating certain deductions; imposing a mandatory one-time transition tax, or deemed repatriation tax, on accumulated earnings of foreign subsidiaries as of 2017 that were previously tax deferred; introducing new tax regimes; and changing how foreign earnings are subject to U.S. tax. Certain provisions of the 2017 Tax Act became effective for us in fiscal 2019, including limitations on the deductibility of interest and executive compensation as well as anti-deferral provisions on Global Intangible Low-Taxed Income (GILTI). We have elected to treat taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred (the “period cost method”).

In fiscal 2020 and fiscal 2019, we recorded $0.2 million and $0.1 million of income tax expense resulting from limitations added by the 2017 Tax Act on the deductibility of executive compensation. Because of losses in foreign jurisdictions, we recorded no income tax expense in fiscal 2021 or fiscal 2020 under the GILTI provisions. During fiscal 2019, we recorded income tax expense of $0.3 million under the GILTI provisions. However, IRS guidance issued after we filed our fiscal 2019 federal income tax return allowed us to amend the return and reverse the GILTI tax previously recorded. Accordingly, we recorded a $0.3 million benefit for this reversal during fiscal 2021.

We previously adopted the provisions of ASU 2016-09, which requires that the benefits of deductions resulting from stock-based compensation in excess of the corresponding book expense be recorded as a component of our income tax provision or benefit for the period, instead of being recorded to additional paid-in capital. In fiscal 2021, as a result of our CEO’s exercise of stock options, we recorded an income tax benefit of $0.5 million for stock-based compensation deductions that were greater than the corresponding book expense. We recorded an income tax benefit of $1.8 million fiscal 2020 a result of our CEO and CFO’s stock options exercised. We recorded income tax expense of $0.1 million in fiscal 2019 for stock-based compensation deductions that were less than the corresponding book expense.

The significant components of our deferred tax assets and liabilities were as follows (in thousands):



AUGUST 31,		2021		2020
Deferred income tax assets:
Foreign income tax credit
carryforward	$	9,466	$	9,150
Net operating loss carryforward		5,986		7,694
Sale and financing of corporate
headquarters		3,307		3,939
Bonus and other accruals		2,483		1,607
Stock-based compensation		2,022		1,431
Inventory and bad debt reserves		1,551		1,328
Deferred revenue		1,075		1,268
Other		653		530
Total deferred income tax assets		26,543		26,947
Less: valuation allowance		(4,530)		(15,076)
Net deferred income tax assets		22,013		11,871

Deferred income tax liabilities:
Intangibles step-ups – indefinite lived		(5,461)		(5,494)
Intangibles step-ups – finite lived		(4,008)		(2,786)
Intangible asset impairment and
amortization		(3,537)		(3,306)
Deferred commissions		(2,784)		(2,231)
Property and equipment depreciation		(1,001)		(1,904)
Unremitted earnings of foreign
subsidiaries		(646)		(354)
Other		-		-
Total deferred income tax liabilities		(17,437)		(16,075)
Net deferred income taxes	$	4,576	$	(4,204)

‎

Deferred income tax amounts are recorded as follows in our consolidated balance sheets (in thousands):



AUGUST 31,		2021		2020
Long-term assets	$	4,951	$	1,094
Long-term liabilities		(375)		(5,298)
Net deferred income tax asset (liability)	$	4,576	$	(4,204)

Our U.S. federal net operating loss carryforwards were comprised of the following at August 31, 2021 (in thousands):



	Loss Carryforward				Loss		Loss		Operating
Loss Carryforward	Expires				Deductions		Deductions		Loss Carried
for Year Ended	August 31,		Amount		in Prior Years		in Current Year		Forward
Acquired NOL - Jhana
December 31, 2015	2034	$	1,491	$	(581)	$	(847)	$	63
December 31, 2016	2035		3,052		-		-		3,052
July 15, 2017	2036		1,117		-		-		1,117
			5,660		(581)		(847)		4,232

August 31, 2017	2037		16,361		(5,639)		(10,722)		-
August 31, 2018	2038		10,506		-		(3,301)		7,205

Acquired NOL - Strive
December 31, 2018	No Expiration		947		-		(295)		652
December 31, 2019	No Expiration		869		-		-		869
December 31, 2020	No Expiration		1,148		-		-		1,148
April 25, 2021	No Expiration		136		-		-		136
			3,100		-		(295)		2,805
		$	35,627	$	(6,220)	$	(15,165)	$	14,242

We have U.S. state net operating loss carryforwards generated in fiscal 2009 and before in various jurisdictions that expire primarily between September 1, 2021 and August 31, 2029. The U.S. state net operating loss carryforwards generated in fiscal 2017 and fiscal 2018 primarily expire on August 31, 2037 and 2038, respectively. The state net operating loss carryforwards acquired through the purchase of Jhana Education stock expire between August 31, 2034 and August 31, 2036. The state net operating loss carryforwards acquired through the purchase of Strive stock expire between August 31, 2038 and August 31, 2041.

Our U.S. foreign income tax credit carryforwards were comprised of the following at August 31, 2021 (in thousands):



Credit Generated in					Credits Used		Credits		Credits Used		Credits
Fiscal Year Ended	Credit Expires		Credits		in Prior		Reduced in		in Current		Carried
August 31,	August 31,		Generated		Years		Current Year		Year		Forward
2011	2021	$	3,445	$	(414)	$	-	$	-	$	3,031
2012	2022		2,563		(2,563)		-		-		-
2013	2023		2,815		(2,815)		-		-		-
2014	2024		1,378		(1,378)		-		-		-
2015	2025		1,422		(1,422)		-		-		-
2016	2026		1,569		(1,569)		-		-		-
2017	2027		1,804		-		(299)		-		1,505
2018	2028		1,727		-		(107)		-		1,620
2019	2029		1,578		-		(234)		-		1,344
2020	2030		1,010		-		(147)		-		863
2021	2031		1,103		-		-		-		1,103
		$	20,414	$	(10,161)	$	(787)	$	-	$	9,466

As previously explained, during fiscal 2020 we significantly increased the valuation allowance on our deferred income tax assets. During fiscal 2021 we reversed nearly all of the valuation allowance amounts that we recorded in 2020. The remaining valuation allowance amounts at August 31, 2021 relate primarily to the foreign tax credit carryforward from fiscal 2011, which we expect to expire in fiscal 2022, and losses of certain foreign subsidiaries. During fiscal 2019, we

determined that it was more likely than not that deferred income tax assets of certain foreign subsidiaries would not be realized and we increased the valuation allowance accordingly.

Activity in our deferred income tax asset valuation allowance was as follows for the periods indicated (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
Beginning balance	$	15,076	$	3,815	$	3,397
Charged to costs and expenses		394		11,269		663
Deductions		(10,940)		(8)		(245)
Ending balance	$	4,530	$	15,076	$	3,815

Except for the deferred tax assets subject to valuation allowances, we have determined that projected future taxable income is adequate to allow for realization of all deferred tax assets. We considered sources of taxable income, including reversals of taxable temporary differences, future taxable income exclusive of reversing temporary differences and carryforwards, and reasonable, practical tax-planning strategies to generate additional taxable income. Based on the factors described above, we concluded that realization of our deferred tax assets, except those subject to the valuation allowances described above, is more likely than not at August 31, 2021.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
Beginning balance	$	1,640	$	1,895	$	2,111
Additions based on tax positions
related to the current year		349		172		157
Additions for tax positions in
prior years		79		10		7
Reductions for tax positions of prior
years resulting from the lapse of
applicable statute of limitations		(188)		(289)		(370)
Other reductions for tax positions of
prior years		(286)		(148)		(10)
Ending balance	$	1,594	$	1,640	$	1,895

The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate is $1.3 million at each of August 31, 2021 and 2020. Included in the ending balance of gross unrecognized tax benefits at August 31, 2021 is $1.6 million related to individual states’ net operating loss carryforwards. Interest and penalties related to uncertain tax positions are recognized as components of income tax expense. The net accruals and reversals of interest and penalties increased or decreased our income tax expense by an insignificant amount in each of fiscal 2021, fiscal 2020, and fiscal 2019. The balance of interest and penalties included in other long-term liabilities on our consolidated balance sheets at each of August 31, 2021 and 2020 was $0.2 million. During the next 12 months, we expect an immaterial change in unrecognized tax benefits.

We file United States federal income tax returns as well as income tax returns in various states and foreign jurisdictions. The tax years that remain subject to examinations for our major tax jurisdictions are shown below.

2014-2021	Canada and Australia
2015-2021	Japan
2016-2021	Germany, Switzerland, and Austria
2016-2021	China
2017-2021	United Kingdom, Singapore
2017-2021	United States – state and local income tax
2018-2021	United States – federal income tax

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.

Income (Loss) Per Share

12 Months Ended

Aug. 31, 2021

Income (Loss) Per Share [Abstract]

Income (Loss) Per Share

15. 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).



YEAR ENDED
AUGUST 31,		2021		2020		2019
Numerator for basic and
diluted earnings per share:
Net income (loss)	$	13,623	$	(9,435)	$	(1,023)

Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		14,090		13,892		13,948
Effect of dilutive securities:
Stock options and other
stock-based awards		53		-		-
Diluted weighted average shares
outstanding		14,143		13,892		13,948

EPS Calculations:
Net income (loss) per share:
Basic	$	0.97	$	(0.68)	$	(0.07)
Diluted		0.96		(0.68)		(0.07)

Segment Information

12 Months Ended

Aug. 31, 2021

Segment Information [Abstract]

Segment Information

16. SEGMENT INFORMATION

Reportable Segments

Our sales are primarily comprised of training and consulting services and our internal reporting structure is comprised of three reportable operating segments and a corporate services group. Our internal reporting structure and reportable segments are organized primarily around the client channels which produce the Company’s revenues. The following is a brief description of our reportable segments:

Direct Offices – 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 governmental sales channel; our coaching operations; and our books and audio sales channel.

International Licensees – This segment is primarily comprised of our international licensees’ royalty revenues.

Education Practice – This group includes our domestic and international Education practice operations, which are focused on sales to educational institutions.

Corporate and Other – Our corporate and other information includes royalty revenue from Franklin Planner Corporation (Note 17), leasing operations, shipping and handling revenues, and certain corporate administrative expenses.

We have determined that the Company’s chief operating decision maker continues to be 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 reported by other companies. For reporting purposes, we define Adjusted EBITDA as net income or loss excluding the impact of interest, income taxes, intangible asset amortization, depreciation, stock-based compensation expense, and certain other items such as adjustments to the fair value of expected contingent consideration liabilities arising from business acquisitions, and other unusual or infrequent items.

Our operations are not capital intensive and we do not own any manufacturing facilities or equipment. Accordingly, we do not allocate assets to the divisions 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 our segment information on the same basis as the accompanying consolidated financial statements (in thousands).



		Sales to
Fiscal Year Ended		External				Adjusted
August 31, 2021		Customers		Gross Profit		EBITDA
Enterprise Division:
Direct offices	$	159,608	$	129,416	$	27,948
International licensees		9,036		7,727		3,586
		168,644		137,143		31,534
Education Division		48,902		32,771		4,818
Corporate and eliminations		6,622		2,988		(8,394)
Consolidated	$	224,168	$	172,902	$	27,958

Fiscal Year Ended
August 31, 2020
Enterprise Division:
Direct offices	$	139,780	$	108,144	$	17,694
International licensees		8,451		6,679		2,406
		148,231		114,823		20,100
Education Division		43,405		27,099		(90)
Corporate and eliminations		6,820		3,448		(5,726)
Consolidated	$	198,456	$	145,370	$	14,284

Fiscal Year Ended
August 31, 2019
Enterprise Division:
Direct offices	$	157,754	$	116,755	$	19,455
International licensees		12,896		10,231		6,072
		170,650		126,986		25,527
Education Division		48,880		30,373		3,553
Corporate and eliminations		5,826		1,955		(8,474)
Consolidated	$	225,356	$	159,314	$	20,606

‎

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



YEAR ENDED
AUGUST 31,		2021		2020		2019
Segment Adjusted EBITDA	$	36,352	$	20,010	$	29,080
Corporate expenses		(8,394)		(5,726)		(8,474)
Consolidated Adjusted EBITDA		27,958		14,284		20,606
Stock-based compensation		(8,617)		573		(4,789)
Reduction (increase) in
contingent consideration liabilities		(193)		49		(1,334)
Restructuring costs		-		(1,636)		-
Gain from insurance settlement		150		933		-
Government COVID assistance		299		514		-
Business acquisition costs		(300)
Knowledge Capital wind-down costs		-		(389)		-
Licensee transition costs		-		-		(488)
Depreciation		(6,190)		(6,664)		(6,364)
Amortization		(5,006)		(4,606)		(4,976)
Income from operations		8,101		3,058		2,655
Interest income		73		56		37
Interest expense		(2,099)		(2,318)		(2,358)
Accretion of discount on related
party receivable		-		-		258
Income before income taxes		6,075		796		592
Benefit (provision) for income taxes		7,548		(10,231)		(1,615)
Net income (loss)	$	13,623	$	(9,435)	$	(1,023)

Disaggregated Revenue

Our revenues are derived primarily from the United States. However, we also operate directly-owned offices or contract with licensees to provide our services in various countries throughout the world. Our consolidated revenues were derived from the following countries/regions (in thousands):



YEAR ENDED
AUGUST 31,		2021		2020		2019
Americas	$	182,954	$	160,989	$	173,784
Asia Pacific		28,621		25,622		37,115
Europe/Middle East/Africa		12,593		11,845		14,457
	$	224,168	$	198,456	$	225,356

The following table presents our revenue disaggregated by our significant revenue generating activities. Sales of services and products include training and consulting services and related products such as training manuals. Subscription sales include revenues from our subscription services such as the All Access Pass and Leader in Me membership. We receive royalty revenue from our international licensees and from other sources such as book publishing arrangements. Corporate royalties are amounts received from Franklin Planner Co. pursuant to a new licensing arrangement obtained in fiscal 2020 (Note 17). Leases and other revenue is primarily comprised of lease revenues from sub-leases for space at our corporate headquarters campus and from shipping and handling revenues (in thousands).



Fiscal Year Ended		Services and						Leases and
August 31, 2021		Products		Subscriptions		Royalties		Other		Consolidated
Enterprise Division:
Direct offices	$	84,111	$	72,789	$	2,708	$	-	$	159,608
International licensees		1,085		-		7,951		-		9,036
		85,196		72,789		10,659		-		168,644
Education Division		19,747		26,742		2,413		-		48,902
Corporate and eliminations		-		-		1,396		5,226		6,622
Consolidated	$	104,943	$	99,531	$	14,468	$	5,226	$	224,168

Fiscal Year Ended
August 31, 2020
Enterprise Division:
Direct offices	$	75,580	$	60,954	$	3,246	$	-	$	139,780
International licensees		1,411		-		7,040		-		8,451
		76,991		60,954		10,286		-		148,231
Education Division		15,107		25,587		2,711		-		43,405
Corporate and eliminations		-		-		1,985		4,835		6,820
Consolidated	$	92,098	$	86,541	$	14,982	$	4,835	$	198,456

Fiscal Year Ended
August 31, 2019
Enterprise Division:
Direct offices	$	102,557	$	52,536	$	2,661	$	-	$	157,754
International licensees		2,439		-		10,457		-		12,896
		104,996		52,536		13,118		-		170,650
Education Division		23,779		22,151		2,950		-		48,880
Corporate and eliminations		-		-		-		5,826		5,826
Consolidated	$	128,775	$	74,687	$	16,068	$	5,826	$	225,356

Inter-segment sales were immaterial for the periods presented and were eliminated in consolidation.

Other Geographic Information

At August 31, 2021, we had wholly owned direct offices in Australia, China, Japan, the United Kingdom, Germany, Switzerland, and Austria. Our long-lived assets, excluding intangible assets and goodwill, were held in the following locations for the periods indicated (in thousands):



AUGUST 31,		2021		2020
United States/Canada	$	27,038	$	28,327
China		2,133		1,307
Japan		1,238		1,537
United Kingdom		702		720
Singapore		238		158
Australia		160		139
Germany, Switzerland, and Austria		120		240
	$	31,629	$	32,428

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.

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Related Party Transactions

Related Party Transactions

12 Months Ended

Aug. 31, 2021

17. RELATED PARTY TRANSACTIONS

Knowledge Capital Investment Group

In December 2019, Knowledge Capital Investment Group (Knowledge Capital), an investor which held 2.8 million shares of our common stock stemming from its initial investment in Franklin Covey over 20 years ago, wound up its operations and distributed its assets to investors. On December 9, 2019, prior to the distribution of its assets to investors, we purchased 284,608 shares of our common stock from Knowledge Capital at $35.1361 per share, for an aggregate purchase

price of $10.1 million, including legal costs. Our CEO and a member of our Board of Directors each owned a partnership interest in Knowledge Capital. As of August 31, 2020, Knowledge Capital did not own any shares of our common stock.

FC Organizational Products

We previously owned a 19.5 percent interest in FC Organizational Products (FCOP), an entity that purchased substantially all of our consumer solutions business unit assets in fiscal 2008 for the purpose of selling planners and related organizational products under a comprehensive licensing agreement. As a result of FCOP’s structure as a limited liability company with separate owner capital accounts, we determined that our investment in FCOP was more than minor and we were required to account for our investment in FCOP using the equity method of accounting. We have not recorded our share of FCOP’s losses in the accompanying consolidated statements of operations and comprehensive income (loss) because we have impaired and written off investment balances, as defined within the applicable accounting guidance, in excess of our share of FCOP’s losses.

Due to significant operating losses incurred after the establishment of FCOP, we reconsidered whether FCOP was a variable interest entity as defined under ASC 810, and determined that FCOP was a variable interest entity. We further determined that we were not the primary beneficiary of FCOP because we did not have the ability to direct the activities that most significantly impact FCOP’s economic performance, which primarily consisted of the day-to-day sale of planning products and related accessories, and we did not have an obligation to absorb losses or the right to receive benefits from FCOP that could have been significant.

On November 4, 2019, FCOP sold substantially all of its assets to Franklin Planner Corporation (FPC), a new unrelated entity, and FCOP was dissolved. FPC has continued FCOP’s business of selling planners and other related consumer products based on the license agreement which granted FCOP the exclusive rights described below.

In connection with this transaction, we exchanged approximately $3.2 million of receivables from FCOP to amend the term and royalty provisions of the existing license agreement. The $3.2 million of consideration included a $2.6 million note receivable, which represented FCOP’s third-party bank debt that we purchased directly from the bank on the transaction date. The amended license agreement grants the exclusive right to use certain of our trademarks and other intellectual property in connection with certain consumer products and provides us with minimum royalties of approximately $1.3 million per year. We are also entitled to receive additional variable royalties if certain FPC financial metrics exceed specified levels. FPC assumed the amended license agreement from FCOP upon the purchase of FCOP assets. We recorded the $3.2 million consideration for the amendment to the license agreement as a capitalized cost of the license agreement and will reduce our royalty revenue by amortizing this amount over the remainder of the initial term of the license agreement, which ends in approximately 30 years. During the fiscal years ended August 31, 2021 and August 31, 2020, we recognized $1.4 million and $2.0 million of net royalty revenues from the amended license agreement with FPC.

We do not have an ownership interest in FPC, do not have any obligation to provide additional subordinated support to FPC, do not have control over the day-to-day operations of FPC, and accordingly do not account for FPC as a variable interest entity. We receive payments for royalties and rented space from FPC. At August 31, 2021 and August 31, 2020, we had $1.8 million and $1.7 million receivable, respectively, from FPC which are recorded in other current assets. Since most of FPC’s sales and cash flows are seasonal and occur between October and January, we expect to receive the majority of the required cash payments for royalties and outstanding receivables during our second and third quarters of each fiscal year. During fiscal 2021 and 2020, we received $1.5 million and $1.4 million of cash from FPC as payment for royalties and reimbursable operating costs.

CoveyLink Acquisition and Contractual Payments

We previously acquired the assets of CoveyLink Worldwide, LLC (CoveyLink). CoveyLink conducts training and provides consulting based upon the book The Speed of Trust by Stephen M.R. Covey, who is the brother of one of our executive officers.

Prior to the acquisition date, CoveyLink had granted us a non-exclusive license for content related to The Speed of Trust book and related training courses for which we paid CoveyLink specified royalties. As part of the CoveyLink acquisition, we signed an amended and restated license for intellectual property that granted us an exclusive, perpetual, worldwide, transferable, royalty-bearing license to use, reproduce, display, distribute, sell, prepare derivative works of, and perform the licensed material in any format or medium and through any market or distribution channel. We are required to pay Stephen M.R. Covey royalties for the use of certain intellectual property developed by him. The amount expensed for these royalties totaled $1.5 million, $1.6 million, and $1.7 million during the fiscal years ended August 31, 2021, 2020, and 2019. As part of the acquisition of CoveyLink, we signed an amended license agreement as well as a speaker services agreement. Based on the provisions of the speakers’ services agreement, we pay Stephen M.R. Covey a portion of the speaking revenues received for his presentations. We expensed $0.6 million, $0.8 million, and $1.2 million for payment on these presentations during the fiscal years ended August 31, 2021, 2020 and 2019. We had $0.2 million and $0.2 million accrued for these royalties and speaking fees at August 31, 2021 and 2020, respectively, which were included as components of accrued liabilities on our consolidated balance sheets.

Other Related Party Transactions

We pay an executive officer of the Company a percentage of the royalty proceeds received from the sales of certain books authored by him in addition to his annual salary. During each of the fiscal years ended August 31, 2021, 2020, and 2019, we expensed $0.1 million for these royalties. We had an insignificant amount accrued to this executive officer at August 31, 2021 and 2020 as payable under the terms of these arrangements. These amounts are included as components of accrued liabilities in our consolidated balance sheets.

We pay a company owned by the brother of a member of our executive management team for the production of video segments used in our offerings. During the fiscal years ended August 31, 2021 and 2020, we paid $0.8 million and $1.0 million to this company for services provided.

Nature Of Operations And Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Aug. 31, 2021

Nature Of Operations And Summary Of Significant Accounting Policies [Abstract]

Fiscal Year

Basis Of Presentation

Basis of Presentation

Pervasiveness Of Estimates

Pervasiveness of Estimates

Cash And Cash Equivalents

Cash and Cash Equivalents

Inventories

‎

Inventories



AUGUST 31,		2021		2020
Finished goods	$	2,468	$	2,947
Raw materials		28		27
	$	2,496	$	2,974

Other Current Assets

Significant components of our other current assets were as follows (in thousands):



AUGUST 31,		2021		2020
Deferred commissions	$	10,991	$	8,897
Other current assets		1,872		2,603
	$	12,863	$	11,500

We defer commission expense on subscription-based sales and recognize the commission expense with the recognition of the corresponding revenue.

Property And Equipment

Property and Equipment

Description	Useful Lives
Buildings	20 years
Machinery and equipment	5–7 years
Computer hardware and software	3–5 years
Furniture, fixtures, and leasehold improvements	5–7 years

‎

Our property and equipment were comprised of the following (in thousands):



AUGUST 31,		2021		2020
Land and improvements	$	1,312	$	1,312
Buildings		30,059		30,038
Machinery and equipment		915		900
Computer hardware and software		29,127		29,691
Furniture, fixtures, and leasehold
improvements		9,426		9,129
		70,839		71,070
Less accumulated depreciation		(59,314)		(55,347)
	$	11,525	$	15,723

Impairment Of Long-Lived Assets

Impairment of Long-Lived Assets

Indefinite-Lived Intangible Assets And Goodwill Impairment Testing

Indefinite-Lived Intangible Assets and Goodwill Impairment Testing

Capitalized Curriculum Development Costs

Accrued Liabilities

Significant components of our accrued liabilities were as follows (in thousands):


AUGUST 31,		2021		2020
Accrued compensation	$	17,955	$	9,597
Other accrued liabilities		17,025		13,031
	$	34,980	$	22,628

Contingent Consideration Payments From Business Acquisitions

Contingent Consideration Payments from Business Acquisitions

Foreign Currency Translation And Transactions

‎

Foreign Currency Translation and Transactions

Revenue Recognition

Revenue is recognized as the net amount to be received after deducting estimated amounts for discounts and product returns.

Stock-Based Compensation

Shipping And Handling Fees And Costs

Shipping and Handling Fees and Costs

All shipping and handling fees billed to customers are recorded as a component of net sales. All costs incurred related to the shipping and handling of products are recorded in cost of sales.

Advertising Costs

Restructuring Costs

Income Taxes

We provide for income taxes, net of applicable foreign tax credits, on temporary differences in our investment in foreign subsidiaries, which consist primarily of unrepatriated earnings.

Comprehensive Income

Comprehensive Income (Loss)

Accounting Pronouncements Issued And Adopted

Accounting Pronouncements Issued and Adopted

Credit Losses on Financial Instruments

Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement

Leases

Accounting Pronouncements Issued Not Yet Adopted

Income Taxes

Nature Of Operations And Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 31, 2021

Nature Of Operations And Summary Of Significant Accounting Policies [Abstract]

Components Of Inventories



AUGUST 31,		2021		2020
Finished goods	$	2,468	$	2,947
Raw materials		28		27
	$	2,496	$	2,974

Components Of Other Current Assets



AUGUST 31,		2021		2020
Deferred commissions	$	10,991	$	8,897
Other current assets		1,872		2,603
	$	12,863	$	11,500

Useful Life Of Property And Equipment

Description	Useful Lives
Buildings	20 years
Machinery and equipment	5–7 years
Computer hardware and software	3–5 years
Furniture, fixtures, and leasehold improvements	5–7 years

Property And Equipment



AUGUST 31,		2021		2020
Land and improvements	$	1,312	$	1,312
Buildings		30,059		30,038
Machinery and equipment		915		900
Computer hardware and software		29,127		29,691
Furniture, fixtures, and leasehold
improvements		9,426		9,129
		70,839		71,070
Less accumulated depreciation		(59,314)		(55,347)
	$	11,525	$	15,723

Components Of Accrued Liabilities


AUGUST 31,		2021		2020
Accrued compensation	$	17,955	$	9,597
Other accrued liabilities		17,025		13,031
	$	34,980	$	22,628

Business Acquisitions (Tables)

12 Months Ended

Aug. 31, 2021

Strive [Member]

Business Acquisition [Line Items]

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		(835)
Notes payable, less current portion		(2,931)
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	7 years

Germany, Switzerland, And Austria Licensee [Member]

Business Acquisition [Line Items]

Schedule Of Total Purchase Price



Cash paid at closing	$	159
Accounts receivable from GSA licensee		798
Total purchase price	$	957

Schedule Of Assets Acquired And Liabilities Assumed

p

Cash acquired	$	127
Accounts receivable		564
Inventories		80
Prepaid expenses and other current assets		45
Intangible assets		741
Property and equipment		27
Other long-term assets		11
Assets acquired		1,595

Accounts payable		(208)
Accrued liabilities		(383)
Income taxes payable		(47)
Liabilities assumed		(638)
	$	957

Schedule Of Assets Acquired Amortized Over Weighted Average Life



			Weighted Average
Description		Amount	Life
Reacquisition of license rights	$	360	3 years
Localized content		202	3 years
Customer relationships		179	3 years
	$	741

Accounts Receivables (Tables)

12 Months Ended

Aug. 31, 2021

Accounts Receivables [Abstract]

Activity In Allowance For Doubtful Accounts



YEAR ENDED
AUGUST 31,		2021		2020		2019
Beginning balance	$	4,159	$	4,242	$	3,555
Charged to costs and expenses		1,553		2,023		1,212
Deductions		(1,069)		(2,106)		(525)
Ending balance	$	4,643	$	4,159	$	4,242

Intangible Assets And Goodwill (Tables)

12 Months Ended

Aug. 31, 2021

Intangible Assets And Goodwill [Abstract]

Intangible Assets



		Gross Carrying		Accumulated		Net Carrying
AUGUST 31, 2021		Amount		Amortization		Amount
Finite-lived intangible assets:
Acquired content	$	50,003	$	(40,352)	$	9,651
License rights		32,133		(23,036)		9,097
Customer lists		16,168		(14,519)		1,649
Acquired technology		7,282		(1,759)		5,523
Trade names		1,883		(933)		950
Non-compete agreements and other		930		(703)		227
		108,399		(81,302)		27,097
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	131,399	$	(81,302)	$	50,097

AUGUST 31, 2020
Finite-lived intangible assets:
Acquired content	$	62,327	$	(50,749)	$	11,578
License rights		32,137		(21,321)		10,816
Customer lists		20,280		(18,926)		1,354
Acquired technology		3,568		(3,568)		-
Trade names		2,036		(1,759)		277
Non-compete agreements and other		759		(659)		100
		121,107		(96,982)		24,125
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	144,107	$	(96,982)	$	47,125

Range Of Remaining Estimated Useful Lives And Weighted-Average Amortization


Category of Intangible Asset	Range of Remaining Estimated Useful Lives	Weighted Average Original Amortization Period

Acquired content	1 to 6 years	24 years
License rights	6 to 8 years	26 years
Customer lists	1 to 5 years	11 years
Acquired technology	8 years	6 years
Trade names	1 to 5 years	5 years
Non-compete agreements and other	2 to 6 years	3 years

Amortization Expense For Intangible Assets Over The Next Five Years



YEAR ENDING
AUGUST 31,
2022	$	5,267
2023		4,342
2024		4,200
2025		4,029
2026		3,938

Schedule Of Allocated Goodwill To Reportable Operating Segments



		August 31,	Goodwill from		August 31,
		2020	Strive Acquisition		2021
Direct offices	$	16,825	6,137	$	22,962
International licensees		5,065	863		5,928
Education practice		2,330	-		2,330
	$	24,220	7,000	$	31,220

Notes Payable And Secured Credit Agreement (Tables)

12 Months Ended

Aug. 31, 2021

Notes Payable And Secured Credit Agreement [Abstract]

Balances And Classification Of Notes Payable



		Current Portion of		Notes Payable, less
Description		Notes Payable		Current Portion		Total
Term notes payable	$	5,000	$	10,000	$	15,000
Strive acquisition note payable		835		2,975		3,810
	$	5,835	$	12,975	$	18,810

Future Principal Payments By Fiscal Year



YEAR ENDING		Term Notes		Strive Note
AUGUST 31,		Payable		Payable		Total
2022	$	5,000	$	835	$	5,835
2023		5,000		835		5,835
2024		5,000		835		5,835
2025		-		835		835
2026		-		835		835
	$	15,000	$	4,175	$	19,175

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

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Future Principal Maturities

Financing Obligation (Tables)

12 Months Ended

Aug. 31, 2021

Financing Obligation [Abstract]

Financing Obligation



AUGUST 31,		2021		2020
Financing obligation payable in
monthly installments of $322 at
August 31, 2021, including
principal and interest, with two
percent annual increases
(imputed interest at 7.7%),
through June 2025	$	14,048	$	16,648
Less current portion		(2,887)		(2,600)
Financing obligation, less
current portion	$	11,161	$	14,048



YEAR ENDING
AUGUST 31,
2022	$	2,887
2023		3,199
2024		3,538
2025		4,424
Thereafter		-
	$	14,048

Future Minimum Payments Under The Financing Obligation



YEAR ENDING
AUGUST 31,
2022	$	3,874
2023		3,952
2024		4,031
2025		3,301
Thereafter		-
Total future minimum financing
obligation payments		15,158
Less interest		(2,422)
Present value of future minimum
financing obligation payments	$	12,736

Leases (Tables)

12 Months Ended

Aug. 31, 2021

Leases [Abstract]

Assets And Liabilities Related To Operating Leases



	Balance Sheet
	Caption	Amount
Assets:
Operating lease right of use assets	Other long-term assets	$	1,775

Liabilities:
Current:
Operating lease liabilities	Accrued liabilities		636
Long-Term:
Operating lease liabilities	Other long-term liabilities		1,139
		$	1,775

Weighted Average Remaining Lease Term:
Operating leases (years)			3.0

Weighted Average Discount Rate:
Operating leases			4.1	%

Future Minimum Lease Payments Under Operating Leases



YEAR ENDING
AUGUST 31,
2022	$	707
2023		610
2024		456
2025		110
2026		15
Thereafter		-
Total operating lease payments		1,898
Less imputed interest		(123)
Present value of operating lease liabilities	$	1,775

Future Minimum Lease Payments From Sublease



YEAR ENDING
AUGUST 31,
2022	$	3,672
2023		2,038
2024		1,501
2025		1,253
2026		-
Thereafter		-
	$	8,464

Fair Value Of Financial Instruments (Tables)

12 Months Ended

Aug. 31, 2021

Fair Value Of Financial Instruments [Abstract]

Schedule Of Contingent Consideration Liability



			Change in
AUGUST 31,	2020		Fair Value		Payments		2021
RGP contingent liability	$	816	$	16	$	(832)	$	-
Jhana contingent liability		3,067		177		(1,149)		2,095
	$	3,883	$	193	$	(1,981)	$	2,095

Stock-Based Compensation Plans (Tables)

12 Months Ended

Aug. 31, 2021

Stock-Based Compensation Plans [Abstract]

Total Cost Of Stock-Based Compensation



YEAR ENDED
AUGUST 31,		2021		2020		2019
Performance awards	$	7,652	$	(1,518)	$	3,853
Restricted stock awards		700		700		700
Compensation cost of the ESPP		205		185		176
Fully vested stock awards		60		60		60
	$	8,617	$	(573)	$	4,789

Restricted Stock Award Activity



			Weighted-
			Average Grant-
			Date Fair
	Number of		Value Per
	Shares		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
August 31, 2021	28,049	$	24.96

Stock Option Activity



				Weighted
			Weighted	Average
			Avg. Exercise	Remaining		Aggregate
	Number of		Price Per	Contractual		Intrinsic Value
	Stock Options		Share	Life (Years)		(thousands)
Outstanding at August 31, 2020	218,750	$	11.57
Granted	-		-
Exercised	(218,750)		11.57
Forfeited	-		-
Outstanding at August 31, 2021	-	$	-	-	$	-

Options vested and exercisable at
August 31, 2021	-	$	-	-	$	-

Income Taxes (Tables)

12 Months Ended

Aug. 31, 2021

Income Taxes [Abstract]

Benefit (Provision) For Income Taxes From Continuing Operations



YEAR ENDED
AUGUST 31,		2021		2020		2019
Current:
Federal	$	-	$	(15)	$	93
State		(286)		(87)		(14)
Foreign		(1,773)		(1,145)		(2,745)
		(2,059)		(1,247)		(2,666)

Deferred:
Federal		2,869		2,306		3,112
State		13		98		102
Foreign		24		(77)		(120)
Operating loss carryforward		(3,058)		(50)		(1,625)
Valuation allowance		10,546		(11,261)		(418)
Foreign tax credit carryforward
reduction		(787)		-		-
		9,607		(8,984)		1,051
	$	7,548	$	(10,231)	$	(1,615)

Allocation Of Total Income Tax Provision (Benefit)



YEAR ENDED
AUGUST 31,		2021		2020		2019
Net income (loss)	$	7,548	$	(10,231)	$	(1,615)
Other comprehensive income (loss)		11		16		(5)
	$	7,559	$	(10,215)	$	(1,620)

Income (Loss) From Continuing Operations Before Income Taxes



YEAR ENDED
AUGUST 31,		2021		2020		2019
United States	$	6,834	$	3,062	$	(1,910)
Foreign		(759)		(2,266)		2,502
	$	6,075	$	796	$	592

Differences Between Income Taxes At The Statutory Federal Income Tax Rate And Income Taxes From Continuing Operations



YEAR ENDED
AUGUST 31,	2021		2020		2019
Federal statutory income tax rate	(21.0)	%	(21.0)	%	(21.0)	%
State income taxes, net of federal effect	(1.6)		16.9		(5.4)
Valuation allowance	173.6		(1,412.9)		(70.8)
Foreign tax credit carryforward
reduction	(13.0)		-		-
Executive stock options	7.7		199.9		-
Foreign jurisdictions tax differential	(4.0)		1.4		(72.8)
Tax differential on income subject
to both U.S. and foreign taxes	(0.7)		11.9		(64.7)
Uncertain tax positions	(3.0)		13.8		34.0
Non-deductible executive compensation	(5.8)		(18.2)		(8.8)
Non-deductible meals and entertainment	(0.2)		(22.3)		(52.9)
Payout of deferred compensation (NQDC)	-		6.1		0.3
Other	(7.8)		(59.3)		(10.7)
	124.2	%	(1,283.7)	%	(272.8)	%

Significant Components Of Deferred Tax Assets And Liabilities



AUGUST 31,		2021		2020
Deferred income tax assets:
Foreign income tax credit
carryforward	$	9,466	$	9,150
Net operating loss carryforward		5,986		7,694
Sale and financing of corporate
headquarters		3,307		3,939
Bonus and other accruals		2,483		1,607
Stock-based compensation		2,022		1,431
Inventory and bad debt reserves		1,551		1,328
Deferred revenue		1,075		1,268
Other		653		530
Total deferred income tax assets		26,543		26,947
Less: valuation allowance		(4,530)		(15,076)
Net deferred income tax assets		22,013		11,871

Deferred income tax liabilities:
Intangibles step-ups – indefinite lived		(5,461)		(5,494)
Intangibles step-ups – finite lived		(4,008)		(2,786)
Intangible asset impairment and
amortization		(3,537)		(3,306)
Deferred commissions		(2,784)		(2,231)
Property and equipment depreciation		(1,001)		(1,904)
Unremitted earnings of foreign
subsidiaries		(646)		(354)
Other		-		-
Total deferred income tax liabilities		(17,437)		(16,075)
Net deferred income taxes	$	4,576	$	(4,204)

Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets



AUGUST 31,		2021		2020
Long-term assets	$	4,951	$	1,094
Long-term liabilities		(375)		(5,298)
Net deferred income tax asset (liability)	$	4,576	$	(4,204)

Summary of Operating Loss Carryforwards



	Loss Carryforward				Loss		Loss		Operating
Loss Carryforward	Expires				Deductions		Deductions		Loss Carried
for Year Ended	August 31,		Amount		in Prior Years		in Current Year		Forward
Acquired NOL - Jhana
December 31, 2015	2034	$	1,491	$	(581)	$	(847)	$	63
December 31, 2016	2035		3,052		-		-		3,052
July 15, 2017	2036		1,117		-		-		1,117
			5,660		(581)		(847)		4,232

August 31, 2017	2037		16,361		(5,639)		(10,722)		-
August 31, 2018	2038		10,506		-		(3,301)		7,205

Acquired NOL - Strive
December 31, 2018	No Expiration		947		-		(295)		652
December 31, 2019	No Expiration		869		-		-		869
December 31, 2020	No Expiration		1,148		-		-		1,148
April 25, 2021	No Expiration		136		-		-		136
			3,100		-		(295)		2,805
		$	35,627	$	(6,220)	$	(15,165)	$	14,242

Summary Of Tax Credit Carryforwards



Credit Generated in					Credits Used		Credits		Credits Used		Credits
Fiscal Year Ended	Credit Expires		Credits		in Prior		Reduced in		in Current		Carried
August 31,	August 31,		Generated		Years		Current Year		Year		Forward
2011	2021	$	3,445	$	(414)	$	-	$	-	$	3,031
2012	2022		2,563		(2,563)		-		-		-
2013	2023		2,815		(2,815)		-		-		-
2014	2024		1,378		(1,378)		-		-		-
2015	2025		1,422		(1,422)		-		-		-
2016	2026		1,569		(1,569)		-		-		-
2017	2027		1,804		-		(299)		-		1,505
2018	2028		1,727		-		(107)		-		1,620
2019	2029		1,578		-		(234)		-		1,344
2020	2030		1,010		-		(147)		-		863
2021	2031		1,103		-		-		-		1,103
		$	20,414	$	(10,161)	$	(787)	$	-	$	9,466

Activity In Deferred Income Tax Asset Valuation Allowance



YEAR ENDED
AUGUST 31,		2021		2020		2019
Beginning balance	$	15,076	$	3,815	$	3,397
Charged to costs and expenses		394		11,269		663
Deductions		(10,940)		(8)		(245)
Ending balance	$	4,530	$	15,076	$	3,815

Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits



YEAR ENDED
AUGUST 31,		2021		2020		2019
Beginning balance	$	1,640	$	1,895	$	2,111
Additions based on tax positions
related to the current year		349		172		157
Additions for tax positions in
prior years		79		10		7
Reductions for tax positions of prior
years resulting from the lapse of
applicable statute of limitations		(188)		(289)		(370)
Other reductions for tax positions of
prior years		(286)		(148)		(10)
Ending balance	$	1,594	$	1,640	$	1,895

Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions

2014-2021	Canada and Australia
2015-2021	Japan
2016-2021	Germany, Switzerland, and Austria
2016-2021	China
2017-2021	United Kingdom, Singapore
2017-2021	United States – state and local income tax
2018-2021	United States – federal income tax

Income (Loss) Per Share (Tables)

12 Months Ended

Aug. 31, 2021

Income (Loss) Per Share [Abstract]

Computation Of Income (Loss) Per Share



YEAR ENDED
AUGUST 31,		2021		2020		2019
Numerator for basic and
diluted earnings per share:
Net income (loss)	$	13,623	$	(9,435)	$	(1,023)

Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		14,090		13,892		13,948
Effect of dilutive securities:
Stock options and other
stock-based awards		53		-		-
Diluted weighted average shares
outstanding		14,143		13,892		13,948

EPS Calculations:
Net income (loss) per share:
Basic	$	0.97	$	(0.68)	$	(0.07)
Diluted		0.96		(0.68)		(0.07)

Segment Information (Tables)

12 Months Ended

Aug. 31, 2021

Segment Information [Abstract]

Schedule Of Segment Operations



		Sales to
Fiscal Year Ended		External				Adjusted
August 31, 2021		Customers		Gross Profit		EBITDA
Enterprise Division:
Direct offices	$	159,608	$	129,416	$	27,948
International licensees		9,036		7,727		3,586
		168,644		137,143		31,534
Education Division		48,902		32,771		4,818
Corporate and eliminations		6,622		2,988		(8,394)
Consolidated	$	224,168	$	172,902	$	27,958

Fiscal Year Ended
August 31, 2020
Enterprise Division:
Direct offices	$	139,780	$	108,144	$	17,694
International licensees		8,451		6,679		2,406
		148,231		114,823		20,100
Education Division		43,405		27,099		(90)
Corporate and eliminations		6,820		3,448		(5,726)
Consolidated	$	198,456	$	145,370	$	14,284

Fiscal Year Ended
August 31, 2019
Enterprise Division:
Direct offices	$	157,754	$	116,755	$	19,455
International licensees		12,896		10,231		6,072
		170,650		126,986		25,527
Education Division		48,880		30,373		3,553
Corporate and eliminations		5,826		1,955		(8,474)
Consolidated	$	225,356	$	159,314	$	20,606

Reconciliation Of Adjusted EBITDA



YEAR ENDED
AUGUST 31,		2021		2020		2019
Segment Adjusted EBITDA	$	36,352	$	20,010	$	29,080
Corporate expenses		(8,394)		(5,726)		(8,474)
Consolidated Adjusted EBITDA		27,958		14,284		20,606
Stock-based compensation		(8,617)		573		(4,789)
Reduction (increase) in
contingent consideration liabilities		(193)		49		(1,334)
Restructuring costs		-		(1,636)		-
Gain from insurance settlement		150		933		-
Government COVID assistance		299		514		-
Business acquisition costs		(300)
Knowledge Capital wind-down costs		-		(389)		-
Licensee transition costs		-		-		(488)
Depreciation		(6,190)		(6,664)		(6,364)
Amortization		(5,006)		(4,606)		(4,976)
Income from operations		8,101		3,058		2,655
Interest income		73		56		37
Interest expense		(2,099)		(2,318)		(2,358)
Accretion of discount on related
party receivable		-		-		258
Income before income taxes		6,075		796		592
Benefit (provision) for income taxes		7,548		(10,231)		(1,615)
Net income (loss)	$	13,623	$	(9,435)	$	(1,023)

Schedule Of Disaggregation Revenue By Geographic Region



YEAR ENDED
AUGUST 31,		2021		2020		2019
Americas	$	182,954	$	160,989	$	173,784
Asia Pacific		28,621		25,622		37,115
Europe/Middle East/Africa		12,593		11,845		14,457
	$	224,168	$	198,456	$	225,356

Schedule Of Revenue Disaggregate By Activities



Fiscal Year Ended		Services and						Leases and
August 31, 2021		Products		Subscriptions		Royalties		Other		Consolidated
Enterprise Division:
Direct offices	$	84,111	$	72,789	$	2,708	$	-	$	159,608
International licensees		1,085		-		7,951		-		9,036
		85,196		72,789		10,659		-		168,644
Education Division		19,747		26,742		2,413		-		48,902
Corporate and eliminations		-		-		1,396		5,226		6,622
Consolidated	$	104,943	$	99,531	$	14,468	$	5,226	$	224,168

Fiscal Year Ended
August 31, 2020
Enterprise Division:
Direct offices	$	75,580	$	60,954	$	3,246	$	-	$	139,780
International licensees		1,411		-		7,040		-		8,451
		76,991		60,954		10,286		-		148,231
Education Division		15,107		25,587		2,711		-		43,405
Corporate and eliminations		-		-		1,985		4,835		6,820
Consolidated	$	92,098	$	86,541	$	14,982	$	4,835	$	198,456

Fiscal Year Ended
August 31, 2019
Enterprise Division:
Direct offices	$	102,557	$	52,536	$	2,661	$	-	$	157,754
International licensees		2,439		-		10,457		-		12,896
		104,996		52,536		13,118		-		170,650
Education Division		23,779		22,151		2,950		-		48,880
Corporate and eliminations		-		-		-		5,826		5,826
Consolidated	$	128,775	$	74,687	$	16,068	$	5,826	$	225,356

Long-Lived Assets By Country



AUGUST 31,		2021		2020
United States/Canada	$	27,038	$	28,327
China		2,133		1,307
Japan		1,238		1,537
United Kingdom		702		720
Singapore		238		158
Australia		160		139
Germany, Switzerland, and Austria		120		240
	$	31,629	$	32,428

Nature Of Operations And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019	Sep. 01, 2019
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 47,417	$ 27,137
Capitalized curriculum development spending	2,500
Capitalized development costs	6,200	8,100
Foreign currency transaction gains (losses)	(100)	(100)	$ (200)
Advertising costs	4,000	3,300	$ 4,600
Restructuring charges		$ 1,636
Remaining accrued restructuring costs	$ 400
Percent likelihood of being realized upon ultimate settlement	50.00%
Operating lease liabilities	$ 1,775
Operating lease right of use assets	1,775
Held Outside The US By Foreign Subsidiaries [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	14,500
Covey Trade Name [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Goodwill, impairment loss	$ 0
Minimum [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Capitalized development costs, amortization period	3 years
Maximum [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Capitalized development costs, amortization period	5 years
Accounting Standards Update 2016-02 [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Operating lease liabilities				$ 1,500
Operating lease right of use assets				$ 1,500

Nature Of Operations And Summary Of Significant Accounting Policies (Components Of Inventories) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Nature Of Operations And Summary Of Significant Accounting Policies [Abstract]
Finished goods	$ 2,468	$ 2,947
Raw materials	28	27
Inventories	$ 2,496	$ 2,974

Nature Of Operations And Summary Of Significant Accounting Policies (Components Of Other Current Assets) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Other current assets	$ 12,863	$ 11,500
Deferred Commissions [Member]
Other current assets	10,991	8,897
Other Current Assets [Member]
Other current assets	$ 1,872	$ 2,603

Nature Of Operations And Summary Of Significant Accounting Policies (Useful Life Of Property And Equipment) (Details)	12 Months Ended
	Aug. 31, 2021
Buildings [Member]
Property, Plant and Equipment [Line Items]
Useful life	20 years
Machinery And Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	5 years
Machinery And Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	7 years
Computer Hardware And Software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	3 years
Computer Hardware And Software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	5 years
Furniture, Fixtures, And Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life	5 years
Furniture, Fixtures, And Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life	7 years

Nature Of Operations And Summary Of Significant Accounting Policies (Property And Equipment) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 70,839	$ 71,070
Less accumulated depreciation	(59,314)	(55,347)
Property and equipment	11,525	15,723
Land And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,312	1,312
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	30,059	30,038
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	915	900
Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	29,127	29,691
Furniture, Fixtures, And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 9,426	$ 9,129

Nature Of Operations And Summary Of Significant Accounting Policies (Components Of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Nature Of Operations And Summary Of Significant Accounting Policies [Abstract]
Accrued compensation	$ 17,955	$ 9,597
Other accrued liabilities	17,025	13,031
Accrued liabilities	$ 34,980	$ 22,628

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Deferred revenue	$ 88.6	$ 68.9
Remaining performance obligations	127.4
Consideration paid for amendment to the license agreement		$ 3.2
Remainder initial term of license agreement		30 years
Other Long-Term Liabilities [Member]
Deferred revenue	$ 2.7	$ 2.2
Minimum [Member]
Receivables collection period	30 days
Maximum [Member]
Receivables collection period	150 days
Direct Sales Commissions [Member]
Capitalized contract cost	$ 12.1	9.7
Direct Sales Commissions [Member] \| Other Current Assets [Member]
Capitalized contract cost	11.0	8.9
Direct Sales Commissions [Member] \| Other Long-Term Liabilities [Member]
Capitalized contract cost	1.1	0.8
Obtain Revenue Contracts [Member]
Capitalized contract cost	16.9
Selling, General, And Administrative Expense [Member]
Capitalized contract cost, amortized	14.5
Subscription Offerings [Member]
Deferred revenue	77.0	60.6
Subscription [Member]
Deferred revenue recognized	$ 99.5	$ 86.5

Business Acquisitions (Narrative) (Details) - USD ($) $ in Thousands			12 Months Ended
	Apr. 26, 2021	Dec. 05, 2018	Aug. 31, 2021	Dec. 31, 2020	Aug. 31, 2020	Aug. 31, 2019
Business Acquisition, Contingent Consideration [Line Items]
Selling, general, and administrative			$ 144,988		$ 129,979	$ 140,530
Revenue			224,168		198,456	225,356
Income (loss) from operations			8,101		$ 3,058	$ 2,655
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
Accrues interest, percent	3.60%
Payments to stockholders and option holders	$ 1,000
Revenue				$ 1,300
Income (loss) from operations				$ (1,100)
Acquisition costs			300
Strive [Member] \| Maximum [Member]
Business Acquisition, Contingent Consideration [Line Items]
Aggregate consideration	20,000
Earned by the former principal owner	4,200
Additional contingent payments	$ 5,200
Germany, Switzerland, And Austria Licensee [Member]
Business Acquisition, Contingent Consideration [Line Items]
Aggregate consideration		$ 957
Purchase price paid in cash		159
Amount in forgiveness of liabilities owed		798
Selling, general, and administrative			$ 500
Former GSA Licensee [Member]
Business Acquisition, Contingent Consideration [Line Items]
Purchase price paid in cash		200
Amount in forgiveness of liabilities owed		$ 800

Business Acquisitions (Schedule Of Total Purchase Price) (Details) - USD ($) $ in Thousands	Apr. 26, 2021	Dec. 05, 2018
Strive [Member]
Business Acquisition [Line Items]
Cash paid at closing	$ 10,554
Notes payable	3,766
Total purchase price	$ 14,320
Germany, Switzerland, And Austria Licensee [Member]
Business Acquisition [Line Items]
Cash paid at closing		$ 159
Accounts receivable from GSA licensee		798
Total purchase price		$ 957

Business Acquisitions (Schedule Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Apr. 26, 2021	Aug. 31, 2020	Dec. 05, 2018
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 expenses and other current assets		56
Property and equipment		13
Intangible assets		7,976
Goodwill	$ 7,000	7,000
Assets acquired		15,544
Deferred revenue		(52)
Accrued liabilities		(135)
Deferred income tax liability		(1,037)
Notes payable, current portion		(835)
Notes payable, less current portion		(2,931)
Liabilities assumed		(4,990)
Purchase price		$ 10,554
Germany, Switzerland, And Austria Licensee [Member]
Business Acquisition, Contingent Consideration [Line Items]
Cash acquired				$ 127
Accounts receivable				564
Inventories				80
Prepaid expenses and other current assets				45
Property and equipment				27
Intangible assets				741
Other long-term assets				11
Assets acquired				1,595
Accrued liabilities				(383)
Deferred income tax liability				(47)
Notes payable, current portion				(208)
Liabilities assumed				(638)
Purchase price				$ 957

Business Acquisitions (Schedule Of Assets Acquired Amortized Over Weighted Average Life) (Details) - USD ($) $ in Thousands	Apr. 26, 2021	Dec. 05, 2018
Strive [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 7,976
Weighted Average Life	7 years
Germany, Switzerland, And Austria Licensee [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount		$ 741
Reacquisition Of License Rights [Member] \| Germany, Switzerland, And Austria Licensee [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount		$ 360
Weighted Average Life		3 years
Localized Content [Member] \| Germany, Switzerland, And Austria Licensee [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount		$ 202
Weighted Average Life		3 years
Non-compete Agreements [Member] \| Strive [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 171
Weighted Average Life	2 years
Content [Member] \| Strive [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 389
Weighted Average Life	5 years
Customer Relationships [Member] \| Strive [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 764
Weighted Average Life	3 years
Customer Relationships [Member] \| Germany, Switzerland, And Austria Licensee [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount		$ 179
Weighted Average Life		3 years
Tradename [Member] \| Strive [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 889
Weighted Average Life	5 years
Internally Developed Software [Member] \| Strive [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 5,763
Weighted Average Life	8 years

Accounts Receivables (Activity In Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Accounts Receivables [Abstract]
Beginning balance	$ 4,159	$ 4,242	$ 3,555
Charged to costs and expenses	1,553	2,023	1,212
Deductions	(1,069)	(2,106)	(525)
Ending balance	$ 4,643	$ 4,159	$ 4,242

Intangible Assets And Goodwill (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2020	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019	Apr. 30, 2021	Apr. 26, 2021
Aggregate amortization expense from definite-lived intangible assets		$ 5,000	$ 4,600	$ 5,000
Intangible assets	$ 47,125	50,097	47,125
Goodwill	24,220	31,220	$ 24,220
Multipliers License Rights [Member]
Royalty payments	$ 600
License expiration date	Aug. 31, 2029
Increase to intangible assets	$ 4,000
Percentage of minimum required royalty payments discounted	5.00%
Strive [Member]
Intangible assets					$ 8,000
Goodwill		7,000				$ 7,000
Strive [Member] \| Direct Office And International Licensee [Member]
Goodwill		$ 7,000

Intangible Assets And Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Intangible Assets And Goodwill [Line Items]
Definite-lived intangible assets, gross carrying amount	$ 108,399	$ 121,107
Definite-lived intangible assets, accumulated amortization	(81,302)	(96,982)
Finite-lived intangible assets, net carrying amount	27,097	24,125
Intangible assets, gross carrying amount	131,399	144,107
Intangible assets, accumulated amortization	(81,302)	(96,982)
Intangible assets, net carrying amount	50,097	47,125
Covey Trade Name [Member]
Intangible Assets And Goodwill [Line Items]
Indefinite-lived intangible asset, gross carrying amount	23,000	23,000
Intangible assets, net carrying amount	23,000	23,000
License Rights [Member]
Intangible Assets And Goodwill [Line Items]
Definite-lived intangible assets, gross carrying amount	32,133	32,137
Definite-lived intangible assets, accumulated amortization	(23,036)	(21,321)
Finite-lived intangible assets, net carrying amount	9,097	10,816
Acquired Content [Member]
Intangible Assets And Goodwill [Line Items]
Definite-lived intangible assets, gross carrying amount	50,003	62,327
Definite-lived intangible assets, accumulated amortization	(40,352)	(50,749)
Finite-lived intangible assets, net carrying amount	9,651	11,578
Customer Lists [Member]
Intangible Assets And Goodwill [Line Items]
Definite-lived intangible assets, gross carrying amount	16,168	20,280
Definite-lived intangible assets, accumulated amortization	(14,519)	(18,926)
Finite-lived intangible assets, net carrying amount	1,649	1,354
Acquired Technology [Member]
Intangible Assets And Goodwill [Line Items]
Definite-lived intangible assets, gross carrying amount	7,282	3,568
Definite-lived intangible assets, accumulated amortization	(1,759)	(3,568)
Finite-lived intangible assets, net carrying amount	5,523
Tradename [Member]
Intangible Assets And Goodwill [Line Items]
Definite-lived intangible assets, gross carrying amount	1,883	2,036
Definite-lived intangible assets, accumulated amortization	(933)	(1,759)
Finite-lived intangible assets, net carrying amount	950	277
Non-Compete Agreements And Other [Member]
Intangible Assets And Goodwill [Line Items]
Definite-lived intangible assets, gross carrying amount	930	759
Definite-lived intangible assets, accumulated amortization	(703)	(659)
Finite-lived intangible assets, net carrying amount	$ 227	$ 100

Intangible Assets And Goodwill (Range Of Remaining Estimated Useful Lives And Weighted-Average Amortization) (Details)	12 Months Ended
	Aug. 31, 2021
License Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Amortization Period	26 years
Acquired Content [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Amortization Period	24 years
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Amortization Period	11 years
Acquired Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	8 years
Weighted Average Original Amortization Period	6 years
Tradename [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Amortization Period	5 years
Non-Compete Agreements And Other [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Original Amortization Period	3 years
Minimum [Member] \| License Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	6 years
Minimum [Member] \| Acquired Content [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	1 year
Minimum [Member] \| Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	1 year
Minimum [Member] \| Tradename [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	1 year
Minimum [Member] \| Non-Compete Agreements And Other [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	2 years
Maximum [Member] \| License Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	8 years
Maximum [Member] \| Acquired Content [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	6 years
Maximum [Member] \| Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	5 years
Maximum [Member] \| Tradename [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	5 years
Maximum [Member] \| Non-Compete Agreements And Other [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	6 years

Intangible Assets And Goodwill (Amortization Expense For Intangible Assets Over The Next Five Years) (Details) $ in Thousands	Aug. 31, 2021 USD ($)
Intangible Assets And Goodwill [Abstract]
2022	$ 5,267
2023	4,342
2024	4,200
2025	4,029
2026	$ 3,938

Intangible Assets And Goodwill (Schedule Of Allocated Goodwill To Reportable Operating Segments) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Apr. 26, 2021	Aug. 31, 2020
Goodwill [Line Items]
Goodwill	$ 31,220		$ 24,220
Direct Offices [Member]
Goodwill [Line Items]
Goodwill	22,962		16,825
International Licensees [Member]
Goodwill [Line Items]
Goodwill	5,928		5,065
Education Division [Member]
Goodwill [Line Items]
Goodwill	2,330		$ 2,330
Strive [Member]
Goodwill [Line Items]
Goodwill	7,000	$ 7,000
Strive [Member] \| Direct Offices [Member]
Goodwill [Line Items]
Goodwill	6,137
Strive [Member] \| International Licensees [Member]
Goodwill [Line Items]
Goodwill	$ 863

Notes Payable And Secured Credit Agreement (Narrative) (Details) - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Nov. 30, 2019	Aug. 07, 2019	Aug. 06, 2019
2019 Agreement [Member]
Debt Instrument [Line Items]
Legal fees incurred				$ 100,000
Revolving Line Of Credit [Member] \| 2019 Agreement [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				15,000,000.0
Term Notes [Member]
Debt Instrument [Line Items]
Loan amount					$ 20,000,000.0
Percentage added to LIBOR rate	1.85%
Term Notes [Member] \| 2019 Agreement [Member]
Debt Instrument [Line Items]
Loan amount			$ 5,000,000.0
Interest rate	2.40%	3.50%
Term Notes [Member] \| Maximum [Member] \| 2019 Agreement [Member]
Debt Instrument [Line Items]
Loan amount				$ 25,000,000.0
Term Notes [Member] \| January, April, July, And October [Member]
Debt Instrument [Line Items]
Principal payment	$ 1,250,000
2019 Agreement [Member] \| First Modification Agreement [Member]
Debt Instrument [Line Items]
Percentage added to LIBOR rate	3.00%
2019 Agreement [Member] \| Revolving Line Of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 15,000,000.0
Maturity date	Aug. 07, 2024
Percentage added to LIBOR rate	1.85%
Unused credit commitment fee	0.20%
Line of credit	$ 0	$ 0
2019 Agreement [Member] \| Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	10,000
Strive [Member]
Debt Instrument [Line Items]
Loan amount	$ 4,200,000
Interest rate	3.60%
Strive [Member] \| Strive Note [Member]
Debt Instrument [Line Items]
Principal payment	$ 800,000
Strive [Member] \| Strive Note [Member] \| Second Modification Agreement [Member]
Debt Instrument [Line Items]
Percentage added to LIBOR rate	1.85%
Unused credit commitment fee	0.20%
Maximum asset coverage ratio	150.00%
Limit on capital expenditures	$ 8,000,000.0
Strive [Member] \| Strive Note [Member] \| Minimum [Member] \| Second Modification Agreement [Member]
Debt Instrument [Line Items]
Fixed charge coverage ratio	1.15%
Strive [Member] \| Strive Note [Member] \| Maximum [Member] \| Second Modification Agreement [Member]
Debt Instrument [Line Items]
Maximum funded debt to EBITDAR ratio	3.00

Notes Payable And Secured Credit Agreement (Balances And Classification Of Notes Payable) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Debt Instrument [Line Items]
Current Portion of Notes Payable	$ 5,835	$ 5,000
Notes Payable, less Current Portion	12,975
Total	18,810
Term Notes [Member]
Debt Instrument [Line Items]
Current Portion of Notes Payable	5,000
Notes Payable, less Current Portion	10,000
Total	15,000
Strive Note [Member]
Debt Instrument [Line Items]
Current Portion of Notes Payable	835
Notes Payable, less Current Portion	2,975
Total	$ 3,810

Notes Payable And Secured Credit Agreement (Future Principal Payments By Fiscal Year) (Details) $ in Thousands	Aug. 31, 2021 USD ($)
Debt Instrument [Line Items]
2022	$ 5,835
2023	5,835
2024	5,835
2025	835
2026	835
Total	19,175
Term Notes [Member]
Debt Instrument [Line Items]
2022	5,000
2023	5,000
2024	5,000
Total	15,000
Strive Note [Member]
Debt Instrument [Line Items]
2022	835
2023	835
2024	835
2025	835
2026	835
Total	$ 4,175

Financing Obligation (Narrative) (Details) $ in Millions	12 Months Ended
Financing Obligation (Narrative) (Details) $ in Millions	Aug. 31, 2021 USD ($) item
Financing Obligation [Abstract]
Term of master lease agreement	20 years
Number of renewal options \| item	6
Renewal term	5 years
Remaining lease term	50 years
Difference between the carrying value and the present value of the financing obligation \| $	$ 1.3

Financing Obligation (Financing Obligation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Financing Obligation [Abstract]
Financing obligation	$ 14,048	$ 16,648
Less current portion	(2,887)	(2,600)
Financing obligation, less current portion	11,161	$ 14,048
Monthly payment of financing obligation	$ 322
Annual increase to base payment	2.00%
Imputed interest	7.70%
Expiration date	June 2025

Financing Obligation (Future Principal Maturities) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Financing Obligation [Abstract]
2022	$ 2,887
2023	3,199
2024	3,538
2025	4,424
Thereafter
Financing obligation	$ 14,048	$ 16,648

Financing Obligation (Future Minimum Payments Under The Financing Obligation) (Details) $ in Thousands	Aug. 31, 2021 USD ($)
Financing Obligation [Abstract]
2022	$ 3,874
2023	3,952
2024	4,031
2025	3,301
Thereafter
Total future minimum financing obligation payments	15,158
Less interest	2,422
Present value of future minimum financing obligation payments	$ 12,736

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Millions	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Lessee, Lease, Description [Line Items]
Lease expense associated with operating leases	$ 1.6	$ 1.5	$ 1.5
Right-of-use operating lease assets obtained in exchange for operating lease liabilities	1.6
Sublease revenue	$ 4.0	$ 3.9	$ 3.9
Minimum [Member]
Lessee, Lease, Description [Line Items]
Remaining operating lease term	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Remaining operating lease term	4 years
Corporate Campus [Member]
Lessee, Lease, Description [Line Items]
Cost basis	$ 36.2
Carrying value	$ 4.6

Leases (Assets And Liabilities Related To Operating Leases) (Details) $ in Thousands	Aug. 31, 2021 USD ($)
Assets:
Operating lease right of use assets	$ 1,775
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Liabilities:
Current: Operating lease liabilities	$ 636
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current
Long-Term: Operating lease liabilities	$ 1,139
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Operating lease liabilities	$ 1,775
Weighted Average Remaining Lease Term: Operating leases (years)	3 years
Weighted Average Discount Rate: Operating leases	4.10%

Leases (Future Minimum Lease Payments Under Operating Leases) (Details) $ in Thousands	Aug. 31, 2021 USD ($)
Leases [Abstract]
2022	$ 707
2023	610
2024	456
2025	110
2026	15
Thereafter
Total operating lease payments	1,898
Less imputed interest	(123)
Present value of operating lease liabilities	$ 1,775

Leases (Future Minimum Lease Payments From Sublease) (Details) $ in Thousands	Aug. 31, 2021 USD ($)
Operating Leases [Abstract]
2022	$ 3,672
2023	2,038
2024	1,501
2025	1,253
2026
Thereafter
Total	$ 8,464

Commitments And Contingencies (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 01, 2020	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
HPE outsourcing contract, fixed charge per month	$ 90
HPE outsourcing contract, expense		$ 2,100	$ 2,100	$ 3,100
Cost of sales		51,266	53,086	66,042
Purchase commitments		3,900
Amount of letters of credit		10
Amount drawn on letters of credit		0	0
Cargo And Freight [Member]
Cost of sales		$ 1,400	$ 1,300	$ 2,100

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

Shareholders' Equity (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Nov. 15, 2019	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Class of Stock [Line Items]
Shares of preferred stock authorized for issuance		14,000,000.0
Preferred stock issued		0	0
Preferred stock outstanding		0	0
Number of shares purchased			5,000
Cost of common stock shares purchased			$ 200
Number of shares withheld on stock-based compensation awards		147,092
Values of shares withheld on stock-based compensation awards		$ 3,000
Number of shares withheld for minimum statutory taxes			109,896	561
Values of shares withheld for minimum statutory taxes			$ 3,700	$ 12
Stock repurchased during period, shares	40,000,000.0
Common Stock [Member]
Class of Stock [Line Items]
Number of shares withheld on stock-based compensation awards		147,092
Values of shares withheld on stock-based compensation awards		$ 3,000

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020	Jul. 11, 2017
Contingent consideration	$ 2,095	$ 3,883
Jhana [Member]
Contingent consideration	2,095	$ 3,067	$ 7,200
Jhana [Member] \| Accrued Liabilities [Member]
Contingent consideration	1,300
Jhana [Member] \| Other Long-Term Liabilities [Member]
Contingent consideration	$ 800

Fair Value Of Financial Instruments (Schedule Of Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	$ 3,883
Change in fair value	193	$ (49)	$ 1,334
Payments	(1,981)
Contingent Liability at ending	2,095	3,883
Jhana [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	3,067
Change in fair value	177
Payments	(1,149)
Contingent Liability at ending	2,095	3,067
RGP [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Liability at beginning	816
Change in fair value	16
Payments	$ (832)
Contingent Liability at ending		$ 816

Stock-Based Compensation Plans (Narrative) (Details) $ / shares in Units, $ in Thousands								12 Months Ended
	Oct. 02, 2020 USD ($) item shares	Oct. 18, 2019 item shares	Jan. 25, 2019 USD ($) $ / shares shares	Oct. 01, 2018 item shares	Nov. 14, 2017 item shares	Oct. 18, 2016 item shares	Nov. 12, 2015 item shares	Aug. 31, 2021 USD ($) item shares	Aug. 31, 2020 USD ($) item shares	Aug. 31, 2019 USD ($) item shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued from treasury stock								432,564
Shares withheld for tax								147,092
Shares withheld for tax, fair value \| $								$ 3,000
Capitalized stock-based compensation expense \| $								$ 0
Fiscal 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item	2
Fiscal 2021 Acquisition Of Strive Talent Plan [Member] \| Bonus [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period								18 months
Compensation \| $								$ 1,000
Former Principal Owner [Member] \| Fiscal 2021 Acquisition Of Strive Talent Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation \| $								$ 4,200
Trading days								15 days
Shares required to be distributed within, days								45 days
Common Stock [Member] \| 2019 Omnibus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for payment of consideration								200,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised								218,750	350,000
Shares withheld for tax								51,738	102,656
Shares withheld for tax, fair value \| $								$ 1,300	$ 3,600
Intrinsic value of the exercised options \| $								2,900	8,000
Income tax benefit from exercise of the options \| $								700	1,800
Income tax benefit upon exercise of the options \| $								500
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense \| $								200
Whole-share grant per eligible director \| $								$ 100
Vesting period of awards								1 year
Cost of common stock issued from treasury \| $								$ 400	300	$ 400
Weighted-average vesting period for recognition								4 months
Total recognized tax benefit from unvested stock awards \| $								$ 200	200	200
Intrinsic value of unvested stock awards \| $								1,200
Restricted Stock Awards [Member] \| Board Of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares awarded \| $								$ 700	$ 700	$ 700
Shares issued under terms of the award								28,049	21,420	28,525
Time-Based Award [Member] \| Fiscal 2019 Time Based Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			2 years
Price per share \| $ / shares			$ 24.54
Vesting period of awards			2 years
Fair value of shares awarded \| $			$ 300
Shares issued under terms of the award			11,915
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
Number of individuals who qualified for award \| item								4	4	4
Performance-Based Award [Member] \| 2019 Omnibus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants								8,500
Performance-Based Award [Member] \| Fiscal 2020 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares may be awarded		25,101
Increase Adjusted EBITDA vesting target \| $								$ 2,000
Shares authorized to be issued		150,630
Number of tranches \| item		3
Life of awards		3 years
Expiration date								Aug. 31, 2024
Percent of shares plan participants are entitled to		25.00%
Vesting period of awards		3 years
Performance-Based Award [Member] \| Fiscal 2019 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares may be awarded				36,470
Service period								2 years
Increase Adjusted EBITDA vesting target \| $								$ 2,000
Shares authorized to be issued				218,818
Number of tranches \| item				3
Life of awards				3 years
Expiration date								Aug. 31, 2023
Percent of shares plan participants are entitled to				25.00%
Vesting period of awards				3 years
Performance-Based Award [Member] \| Fiscal 2018 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item					3
Life of awards					3 years
Shares earned by participants								221,067
Performance-Based Award [Member] \| Fiscal 2017 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase Adjusted EBITDA vesting target \| $								$ 2,000
Remaining unvested shares								0
Shares authorized to be issued						183,381
Number of individual vesting conditions \| item						6
Number of performance measures \| item						2
Life of awards						6 years
Expiration date						Aug. 31, 2022		Aug. 31, 2024
Performance-Based Award [Member] \| Fiscal 2016 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase Adjusted EBITDA vesting target \| $								$ 2,000
Remaining unvested shares								0
Shares authorized to be issued							231,276
Number of individual vesting conditions \| item							6
Number of performance measures \| item							2
Life of awards							6 years
Expiration date							Aug. 31, 2021	Aug. 31, 2023
Performance-Based Award [Member] \| Common Stock [Member] \| 2019 Omnibus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized additional shares of common stock for issuance			700,000
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								51,581	41,409	43,073
Cost basis of shares issued to employee stock purchase plan participants \| $								$ 800	$ 600	$ 600
Proceeds from ESPP participants \| $								$ 1,100	$ 1,000	$ 1,000
Employee Stock Purchase Plan [Member] \| 2017 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares remaining in employee stock purchase plan								810,000
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 award shares vest	25.00%
Shares issued under terms of the award	52,696
Tranche One [Member] \| Performance-Based Award [Member] \| Fiscal 2018 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares may be awarded					42,883
Percent of shares plan participants are entitled to					25.00%
Vesting period of awards					3 years
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	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] \| Minimum [Member] \| Fiscal 2020 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] \| Minimum [Member] \| Fiscal 2019 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	316,176
Tranche Two and Three [Member] \| Performance-Based Award [Member] \| Maximum [Member] \| Fiscal 2020 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%
Tranche Two and Three [Member] \| Performance-Based Award [Member] \| Maximum [Member] \| Fiscal 2019 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%

Stock-Based Compensation Plans (Total Cost Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 8,617	$ (573)	$ 4,789
Performance-Based Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	7,652	(1,518)	3,853
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	700	700	700
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	205	185	176
Fully-Vested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 60	$ 60	$ 60

Stock-Based Compensation Plans (Restricted Stock Award Activity) (Details) - Restricted Stock Awards [Member]	12 Months Ended
	Aug. 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 August 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 August 31, 2021, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 24.96

Stock-Based Compensation Plans (Stock Option Activity) (Details) - Stock Options [Member] - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Number of Stock Options, Outstanding at August 31, 2020	218,750
Number of Stock Options, Granted
Number of Stock Options, Exercised	(218,750)	(350,000)
Number of Stock Options, Forfeited
Number of Stock Options, Outstanding at August 31, 2021		218,750
Number of Stock Options, Options vested and exercisable at August 31, 2021
Weighted Average Exercise Price Per Share, Outstanding at August 31, 2020	$ 11.57
Weighted Average Exercise Price Per Share, Granted
Weighted Average Exercise Price Per Share, Exercised	(11.57)
Weighted Average Exercise Price Per Share, Forfeited
Weighted Average Exercise Price Per Share, Outstanding at August 31, 2021		$ 11.57
Weighted Average Exercise Price Per Share, Options vested and exercisable at August 31, 2021
Aggregate Intrinsic Value, Options vested and exercisable at August 31, 2021

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Employee Benefit Plans [Abstract]
Maximum percent of gross wages employees may contribute	75.00%
Matching contributions	$ 2.5	$ 2.3	$ 2.2
Value of shares of common stock owned by remaining plan participants in deferred compensation plan	$ 0.1	$ 0.1

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands			12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 23, 2017	Dec. 22, 2017	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019	Aug. 31, 2018
Income Taxes [Line Items]
Income tax expense (benefit)			$ (7,548)	$ 10,231	$ 1,615
Effective income tax benefit rate			124.20%
Effective tax rate			21.00%	21.00%	21.00%
Additional tax expense from increase in valuation allowance against deferred income tax assets			$ 11,300	$ 11,300
GILTI tax expense			0	0	$ 300
GILTI tax benefit			300
Operating loss carryforwards			14,242
Reduced the valuation allowance by			10,546	(11,261)	(418)
Total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate			1,300	1,300
Unrecognized tax benefits			1,594	1,640	1,895	$ 2,111
Balance of interest and penalties related to uncertain tax positions			200	200
Tax Act 2017 [Member]
Income Taxes [Line Items]
Income tax expense (benefit)				200	100
Effective tax rate	21.00%	35.00%
Stock-Based Compensation Deductions [Member]
Income Taxes [Line Items]
Income tax expense (benefit)			(500)	$ (1,800)	$ 100
United States – State And Local Income Tax [Member]
Income Taxes [Line Items]
Operating loss carryforwards			1,600
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Operating loss carryforwards			$ 800

Income Taxes (Benefit (Provision) For Income Taxes From Continuing Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Income Taxes [Abstract]
Current, Federal		$ (15)	$ 93
Current, State	$ (286)	(87)	(14)
Current, Foreign	(1,773)	(1,145)	(2,745)
Current	(2,059)	(1,247)	(2,666)
Deferred, Federal	2,869	2,306	3,112
Deferred, State	13	98	102
Deferred, Foreign	24	(77)	(120)
Operating loss carryforward	(3,058)	(50)	(1,625)
Valuation allowance	10,546	(11,261)	(418)
Foreign tax credit carryforward reduction	(787)
Deferred	9,607	(8,984)	1,051
Provision (benefit) for income taxes from continuing operations	$ 7,548	$ (10,231)	$ (1,615)

Income Taxes (Allocation Of Total Income Tax Provision(Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Income Taxes [Abstract]
Net income (loss)	$ 7,548	$ (10,231)	$ (1,615)
Other comprehensive income (loss)	11	16	(5)
Total income tax provision (benefit)	$ 7,559	$ (10,215)	$ (1,620)

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

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

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Income Taxes (Income (Loss) From Continuing Operations Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Income Taxes [Abstract]
United States	$ 6,834	$ 3,062	$ (1,910)
Foreign	(759)	(2,266)	2,502
Income before income taxes	$ 6,075	$ 796	$ 592

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.

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Income Taxes (Differences Between Income Taxes At The Statutory Federal Income Tax Rate And Income Taxes From Continuing Operations) (Details)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Income Taxes [Abstract]
Federal statutory income tax rate	(21.00%)	(21.00%)	(21.00%)
State income taxes, net of federal effect	(1.60%)	16.90%	(5.40%)
Valuation allowance	173.60%	(1412.90%)	(70.80%)
Foreign tax credit carryforward reduction	(13.00%)
Executive stock options	7.70%	199.90%
Foreign jurisdictions tax differential	(4.00%)	1.40%	(72.80%)
Tax differential on income subject to both U.S. and foreign taxes	(0.70%)	11.90%	(64.70%)
Uncertain tax positions	(3.00%)	13.80%	34.00%
Non-deductible executive compensation	(5.80%)	(18.20%)	(8.80%)
Non-deductible meals and entertainment	(0.20%)	(22.30%)	(52.90%)
Payout of deferred compensation (NQDC)		6.10%	0.30%
Other	(7.80%)	(59.30%)	(10.70%)
Income tax rate	124.20%	(1283.70%)	(272.80%)

Income Taxes (Significant Components Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019	Aug. 31, 2018
Income Taxes [Abstract]
Foreign income tax credit carryforward	$ 9,466	$ 9,150
Net operating loss carryforward	5,986	7,694
Sale and financing of corporate headquarters	3,307	3,939
Bonus and other accruals	2,483	1,607
Inventory and bad debt reserves	1,551	1,328
Deferred revenue	1,075	1,268
Stock-based compensation	2,022	1,431
Other	653	530
Total deferred income tax assets	26,543	26,947
Less: valuation allowance	(4,530)	(15,076)	$ (3,815)	$ (3,397)
Net deferred income tax assets	22,013	11,871
Intangibles step-ups - indefinite lived	(5,461)	(5,494)
Intangibles step-ups - finite lived	(4,008)	(2,786)
Intangible asset impairment and amortization	(3,537)	(3,306)
Deferred commissions	(2,784)	(2,231)
Property and equipment depreciation	(1,001)	(1,904)
Unremitted earnings of foreign subsidiaries	(646)	(354)
Total deferred income tax liabilities	(17,437)	(16,075)
Net deferred income tax asset	$ 4,576
Net deferred income tax liability		$ (4,204)

Income Taxes (Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Income Taxes [Abstract]
Long-term assets	$ 4,951	$ 1,094
Long-term liabilities	(375)	(5,298)
Net deferred income tax asset	$ 4,576
Net deferred income tax liability		$ (4,204)

Income Taxes (Summary of Operating Loss Carryforwards) (Details) $ in Thousands	12 Months Ended
	Aug. 31, 2021 USD ($)
Operating Loss Carryforwards [Line Items]
Amount	$ 35,627
Loss Deductions in Prior Years	(6,220)
Loss Deductions in Current Year	(15,165)
Operating Loss Carried Forward	$ 14,242
Acquired NOL - Jhana [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	Aug. 31, 2037
Amount	$ 5,660
Loss Deductions in Prior Years	(581)
Loss Deductions in Current Year	(847)
Operating Loss Carried Forward	4,232
Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Amount	3,100
Loss Deductions in Prior Years
Loss Deductions in Current Year	(295)
Operating Loss Carried Forward	$ 2,805
Tax Year 2015 [Member] \| Acquired NOL - Jhana [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	Aug. 31, 2034
Amount	$ 1,491
Loss Deductions in Prior Years	(581)
Loss Deductions in Current Year	(847)
Operating Loss Carried Forward	$ 63
Tax Year 2016 [Member] \| Acquired NOL - Jhana [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	Aug. 31, 2035
Amount	$ 3,052
Loss Deductions in Prior Years
Operating Loss Carried Forward	$ 3,052
July 15, 2017 [Member] \| Acquired NOL - Jhana [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	Aug. 31, 2036
Amount	$ 1,117
Loss Deductions in Prior Years
Operating Loss Carried Forward	$ 1,117
August 31, 2017 [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	Aug. 31, 2037
Amount	$ 16,361
Loss Deductions in Prior Years	(5,639)
Loss Deductions in Current Year	(10,722)
Operating Loss Carried Forward
August 31, 2018 [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	Aug. 31, 2038
Amount	$ 10,506
Loss Deductions in Prior Years
Loss Deductions in Current Year	(3,301)
Operating Loss Carried Forward	$ 7,205
Tax Year 2018 [Member] \| Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	No Expiration
Amount	$ 947
Loss Deductions in Prior Years
Loss Deductions in Current Year	(295)
Operating Loss Carried Forward	$ 652
Tax Year 2019 [Member] \| Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	No Expiration
Amount	$ 869
Loss Deductions in Prior Years
Operating Loss Carried Forward	$ 869
Tax Year 2020 [Member] \| Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	No Expiration
Amount	$ 1,148
Loss Deductions in Prior Years
Operating Loss Carried Forward	$ 1,148
April 25, 2021 [Member] \| Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	No Expiration
Amount	$ 136
Loss Deductions in Prior Years
Operating Loss Carried Forward	$ 136

Income Taxes (Summary Of Tax Credit Carryforwards) (Details) $ in Thousands	12 Months Ended
	Aug. 31, 2021 USD ($)
Tax Credit Carryforward [Line Items]
Credits Generated	$ 20,414
Credits Used in Prior Years	(10,161)
Credits Reduced in Current Year	(787)
Credits Used in Current Year
Credits Carried Forward	$ 9,466
Tax Year 2011 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2011
Credit Expires	Aug. 31, 2021
Credits Generated	$ 3,445
Credits Used in Prior Years	(414)
Credits Reduced in Current Year
Credits Used in Current Year
Credits Carried Forward	$ 3,031
Tax Year 2012 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2012
Credit Expires	Aug. 31, 2022
Credits Generated	$ 2,563
Credits Used in Prior Years	(2,563)
Credits Reduced in Current Year
Credits Used in Current Year
Credits Carried Forward
Tax Year 2013 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2013
Credit Expires	Aug. 31, 2023
Credits Generated	$ 2,815
Credits Used in Prior Years	(2,815)
Credits Reduced in Current Year
Credits Used in Current Year
Credits Carried Forward
Tax Year 2014 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2014
Credit Expires	Aug. 31, 2024
Credits Generated	$ 1,378
Credits Used in Prior Years	(1,378)
Credits Reduced in Current Year
Credits Used in Current Year
Credits Carried Forward
Tax Year 2015 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2015
Credit Expires	Aug. 31, 2025
Credits Generated	$ 1,422
Credits Used in Prior Years	(1,422)
Credits Reduced in Current Year
Credits Used in Current Year
Credits Carried Forward
Tax Year 2016 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2016
Credit Expires	Aug. 31, 2026
Credits Generated	$ 1,569
Credits Used in Prior Years	(1,569)
Credits Reduced in Current Year
Credits Used in Current Year
Credits Carried Forward
Tax Year 2017 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2017
Credit Expires	Aug. 31, 2027
Credits Generated	$ 1,804
Credits Used in Prior Years
Credits Reduced in Current Year	(299)
Credits Used in Current Year
Credits Carried Forward	$ 1,505
Tax Year 2018 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2018
Credit Expires	Aug. 31, 2028
Credits Generated	$ 1,727
Credits Used in Prior Years
Credits Reduced in Current Year	(107)
Credits Used in Current Year
Credits Carried Forward	$ 1,620
Tax Year 2019 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2019
Credit Expires	Aug. 31, 2029
Credits Generated	$ 1,578
Credits Used in Prior Years
Credits Reduced in Current Year	(234)
Credits Used in Current Year
Credits Carried Forward	$ 1,344
Tax Year 2020 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2020
Credit Expires	Aug. 31, 2030
Credits Generated	$ 1,010
Credits Used in Prior Years
Credits Reduced in Current Year	(147)
Credits Used in Current Year
Credits Carried Forward	$ 863
Tax Year 2021 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2021
Credit Expires	Aug. 31, 2031
Credits Generated	$ 1,103
Credits Used in Prior Years
Credits Reduced in Current Year
Credits Used in Current Year
Credits Carried Forward	$ 1,103

Income Taxes (Activity In Deferred Income Tax Asset Valuation Allowance) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Income Taxes [Abstract]
Beginning balance	$ 15,076	$ 3,815	$ 3,397
Charged to costs and expenses	394	11,269	663
Deductions	(10,940)	(8)	(245)
Ending balance	$ 4,530	$ 15,076	$ 3,815

Income Taxes (Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Income Taxes [Abstract]
Beginning balance	$ 1,640	$ 1,895	$ 2,111
Additions based on tax positions related to the current year	349	172	157
Additions for tax positions in prior years	79	10	7
Reductions for tax positions of prior years resulting from the lapse of applicable statute of limitations	(188)	(289)	(370)
Other reductions for tax positions of prior years	(286)	(148)	(10)
Ending balance	$ 1,594	$ 1,640	$ 1,895

Income Taxes (Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions) (Details)	12 Months Ended
	Aug. 31, 2021
Canada And Australia [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations
Canada And Australia [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations
Japan [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2015
Japan [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2021
Germany, Switzerland, And Austria [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2016
Germany, Switzerland, And Austria [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2021
China [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2016
China [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2021
United Kingdom And Singapore [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2017
United Kingdom And Singapore [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2021
United States – State And Local Income Tax [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2017
United States – State And Local Income Tax [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2021
United States – Federal Income Tax [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2018
United States – Federal Income Tax [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2021

Income (Loss) Per Share (Computation Of Income (Loss) Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Numerator for basic and diluted earnings per share:
Net income (loss)	$ 13,623	$ (9,435)	$ (1,023)
Denominator for basic and diluted earnings per share:
Basic weighted average shares outstanding	14,090	13,892	13,948
Effect of dilutive securities:
Stock options and other stock-based awards	53
Diluted weighted average shares outstanding	14,143	13,892	13,948
EPS Calculations:
Net income (loss) per share: Basic	$ 0.97	$ (0.68)	$ (0.07)
Net income (loss) per share: Diluted	$ 0.96	$ (0.68)	$ (0.07)

Segment Information (Narrative) (Details)	12 Months Ended
Segment Information (Narrative) (Details)	Aug. 31, 2021 segment
Segment Information [Abstract]
Number of operating reportable segments	3
Number of corporate services group	1

Segment Information (Schedule Of Segment Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Segment Reporting Information [Line Items]
Sales to External Customers	$ 224,168	$ 198,456	$ 225,356
Gross Profit	172,902	145,370	159,314
Adjusted EBITDA	27,958	14,284	20,606
Operating Segments [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	36,352	20,010	29,080
Operating Segments [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	168,644	148,231	170,650
Gross Profit	137,143	114,823	126,986
Adjusted EBITDA	31,534	20,100	25,527
Operating Segments [Member] \| Education Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	48,902	43,405	48,880
Gross Profit	32,771	27,099	30,373
Adjusted EBITDA	4,818	(90)	3,553
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	159,608	139,780	157,754
Gross Profit	129,416	108,144	116,755
Adjusted EBITDA	27,948	17,694	19,455
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	9,036	8,451	12,896
Gross Profit	7,727	6,679	10,231
Adjusted EBITDA	3,586	2,406	6,072
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	6,622	6,820	5,826
Gross Profit	2,988	3,448	1,955
Adjusted EBITDA	$ (8,394)	$ (5,726)	$ (8,474)

Segment Information (Reconciliation Of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ 27,958	$ 14,284	$ 20,606
Stock-based compensation	(8,617)	573	(4,789)
Reduction (increase) in contingent consideration liabilities	(193)	49	(1,334)
Restructuring costs		(1,636)
Gain from insurance settlement	150	933
Government COVID-19 assistance	299	514
Business acquisition costs	(300)
Knowledge Capital wind-down costs		(389)
Licensee transition costs			(488)
Depreciation	(6,190)	(6,664)	(6,364)
Amortization	(5,006)	(4,606)	(4,976)
Income from operations	8,101	3,058	2,655
Interest income	73	56	37
Interest expense	(2,099)	(2,318)	(2,358)
Discount accretion on related-party receivables			258
Income before income taxes	6,075	796	592
Benefit (provision) for income taxes	7,548	(10,231)	(1,615)
Net income (loss)	13,623	(9,435)	(1,023)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	36,352	20,010	29,080
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ (8,394)	$ (5,726)	$ (8,474)

Segment Information (Schedule Of Disaggregation Revenue By Geographic Region) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 224,168	$ 198,456	$ 225,356
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	182,954	160,989	173,784
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue	28,621	25,622	37,115
Europe/Middle East/Africa [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 12,593	$ 11,845	$ 14,457

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.

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