0000886206-23-000059 | 10-K | XBRL Viewer

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Financing Obligation (Future Principal Maturities) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Financing Obligation [Abstract]
2024	$ 3,538
2025	4,424
Thereafter
Financing obligation	$ 7,962	$ 11,161

Acquisition of Strive Talent, Inc. (Tables)

12 Months Ended

Aug. 31, 2023

Acquisition of Strive Talent, Inc. [Abstract]

Schedule Of Total Purchase Price



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

Schedule Of Assets Acquired And Liabilities Assumed



Cash acquired	$	345
Accounts receivable		154
Prepaid and other current assets		56
Property and equipment		13
Intangible assets		7,976
Goodwill		7,000
Assets acquired		15,544

Deferred revenue		(52)
Accrued liabilities		(135)
Deferred income tax liability		(1,037)
Notes payable, current portion		(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

Accounts Receivable

12 Months Ended

Aug. 31, 2023

Accounts Receivable [Abstract]

Accounts Receivable

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, Nature of Operations and Summary of Significant Accounting Policies. Under the guidance found in ASC Topic 326, the “expected credit loss” model requires consideration of a broader range of information to estimate expected credit losses over the lives of our trade accounts receivable.

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 consideration of various factors, including historical bad debts, current customer receivable balances, age of customer receivable balances, macroeconomic factors (such as risk and uncertainty generated by the pandemic), 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. 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 periods indicated (in thousands):



YEAR ENDED
AUGUST 31,		2023		2022		2021
Beginning balance	$	4,492	$	4,643	$	4,159
Charged to costs and expenses		(66)		306		1,553
Deductions		(636)		(457)		(1,069)
Ending balance	$	3,790	$	4,492	$	4,643

Deductions on the foregoing table represent the write-off of amounts deemed uncollectible during the fiscal year presented. During fiscal 2023, we received payment from customers whose accounts we had previously reserved against because of potential pandemic related uncertainties. Accordingly, we reversed a portion of the allowance during fiscal 2023 to reflect these payments. 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.

Notes Payable (Narrative) (Details) $ in Thousands	12 Months Ended
Notes Payable (Narrative) (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Term Notes [Member] \| January, April, July, And October [Member]
Debt Instrument [Line Items]
Principal payment	$ 1,250
Strive [Member]
Debt Instrument [Line Items]
Interest rate	3.60%
Strive [Member] \| Strive Note [Member]
Debt Instrument [Line Items]
Principal payment	$ 800

- Definition

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

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+ Details

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Aug. 31, 2023	Oct. 31, 2023	Feb. 28, 2023
Document And Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--08-31
Document Fiscal Year Focus	2023
Document Period End Date	Aug. 31, 2023
Document Transition Report	false
Entity File Number	001-11107
Entity Registrant Name	Franklin Covey Co.
Entity Incorporation, State or Country Code	UT
Entity Tax Identification Number	87-0401551
Entity Address, Address Line One	2200 West Parkway Boulevard
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84119-2331
City Area Code	801
Local Phone Number	817-1776
Title of 12(b) Security	Common Stock, $.05 Par Value
Trading Symbol	FC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,433,388
Entity Public Float			$ 564.4
Documents Incorporated By Reference	Parts of the Registrant's Definitive Proxy Statement for the Annual Meeting of Shareholders, which is scheduled to be held on January 19, 2024, are incorporated by reference in Part III of this Form 10-K.
Amendment Flag	false
Entity Central Index Key	0000886206
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Salt Lake City, Utah
Document Financial Statement Error Correction [Flag]	false

Income Taxes (Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions) (Details)	12 Months Ended
	Aug. 31, 2023
Australia, Canada, And Japan [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations
Australia, Canada, And Japan [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations
Germany, Switzerland, And Austria [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2018
Germany, Switzerland, And Austria [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2023
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	2023
United Kingdom And Singapore [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2019
United Kingdom And Singapore [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2023
United States – State And Local Income Tax [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2019
United States – State And Local Income Tax [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2023
United States – Federal Income Tax [Member] \| Minimum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2020
United States – Federal Income Tax [Member] \| Maximum [Member]
Income Taxes [Line Items]
Tax years that remain subject to examinations	2023

Nature Of Operations And Summary Of Significant Accounting Policies (Components Of Inventories) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Nature Of Operations And Summary Of Significant Accounting Policies [Abstract]
Finished goods	$ 4,204	$ 3,519
Raw materials	9	8
Inventories	$ 4,213	$ 3,527

Secured Credit Agreement (Ratio Of Funded Debt To Adjusted EBITDA) (Details)	12 Months Ended
	Aug. 31, 2023
The 2023 Credit Agreement [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio	3.00
Less than 1.00 [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	SOFR plus 1.50%
Less than 1.00 [Member] \| The 2023 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Less than 1.00 [Member] \| The 2023 Credit Agreement [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio	1.00
Between 1.00 And 2.00 [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	SOFR plus 1.75%
Between 1.00 And 2.00 [Member] \| The 2023 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Between 1.00 And 2.00 [Member] \| The 2023 Credit Agreement [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Leverage Ratio	1.00
Between 1.00 And 2.00 [Member] \| The 2023 Credit Agreement [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio	2.00
Between 2.01 And 2.50 [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	SOFR plus 2.25%
Between 2.01 And 2.50 [Member] \| The 2023 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Between 2.01 And 2.50 [Member] \| The 2023 Credit Agreement [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Leverage Ratio	2.01
Between 2.01 And 2.50 [Member] \| The 2023 Credit Agreement [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio	2.50
Greater Than 2.51 [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	SOFR plus 2.75%
Greater Than 2.51 [Member] \| The 2023 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Greater Than 2.51 [Member] \| The 2023 Credit Agreement [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Leverage Ratio	2.51

Income Taxes (Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Income Taxes [Abstract]
Long-term assets	$ 1,661	$ 4,686
Long-term liabilities	(2,040)	(199)
Net deferred income tax asset		$ 4,487
Net deferred income tax liability	$ (379)

Financing Obligation (Future Minimum Payments Under The Financing Obligation) (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Financing Obligation [Abstract]
2024	$ 4,031
2025	3,301
Thereafter
Total future minimum financing obligation payments	7,332
Less interest	(682)
Present value of future minimum financing obligation payments	$ 6,650

Nature Of Operations And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 38,230,000	$ 60,517,000
Capitalized curriculum development spending	9,000,000.0
Capitalized development costs	10,900,000	5,000,000.0
Foreign currency transaction gains (losses)	(100,000)	(500,000)	$ (100,000)
Impairment of long-lived assets	0	0
Advertising costs	$ 4,500,000	4,800,000	$ 4,000,000.0
Percent likelihood of being realized upon ultimate settlement	50.00%
Held Outside The US By Foreign Subsidiaries [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 12,000,000.0
Covey Trade Name [Member]
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Goodwill, impairment loss	$ 0	$ 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

Leases (Assets And Liabilities Related To Operating Leases) (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Assets:
Operating lease right of use assets	$ 812
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Liabilities:
Current: Operating lease liabilities	$ 579
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current
Long-Term: Operating lease liabilities	$ 233
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Operating lease liabilities	$ 812
Weighted Average Remaining Lease Term: Operating leases (years)	1 year 7 months 6 days
Weighted Average Discount Rate: Operating leases	5.00%

Secured Credit Agreement

12 Months Ended

Aug. 31, 2023

Secured Credit Agreement [Abstract]

Secured Credit Agreement

6. SECURED CREDIT AGREEMENT

On March 27, 2023, we entered into a new credit agreement (the 2023 Credit Agreement) with KeyBank National Association (KeyBank) leading a group of financial institutions (collectively, the Lenders), which replaced our previous credit agreement with JPMorgan Chase Bank, N.A. (the 2019 Credit Agreement). KeyBank will act as the sole administrative and collateral agent under the 2023 Credit Agreement. The 2023 Credit Agreement provides up to $70.0 million in total credit, of which $7.5 million was used to replace the outstanding term loan balance from the 2019 Credit Agreement. The remaining $62.5 million will be available as a revolving line of credit or for future term loans. Principal payments on our existing term loan consist of quarterly principal payments of $1.25 million that are due and payable on the last business day of each March, June, September, and December until the term loan obligation is repaid. These payment conditions on the term loan are essentially the same as the 2019 Credit Agreement.

The 2023 Credit Agreement matures on March 27, 2028, and interest on term loan borrowings under the 2023 Credit Agreement is due and payable on the principal payment dates. Interest on all other borrowings is due the last day of each month. The interest rate for all borrowings on the 2023 Credit Agreement is based on the Secured Overnight Financing Rate (SOFR) and is a tiered structure that varies according to the Leverage Ratio calculated at the end of each fiscal quarter. On August 31, 2023, the interest rate on our term loan and revolving line of credit was 6.9 percent and we are charged an unused credit commitment fee of 0.2 percent per annum, which is paid quarterly. The interest rate on our term

loan at August 31, 2022 was 4.2 percent. The Leverage Ratio as defined by the 2023 Credit Agreement is Funded Debt to adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) and determines the applicable interest rate as shown below:



Leverage Ratio		Interest Rate
Less than 1.00		SOFR plus 1.50%
Between 1.00 and 2.00		SOFR plus 1.75%
Between 2.01 and 2.50		SOFR plus 2.25%
Greater than 2.51		SOFR plus 2.75%

The 2023 Credit Agreement also contains representations, warranties, and certain covenants. While any amounts are outstanding under the 2023 Credit Agreement, we are subject to a number of affirmative and negative covenants, including covenants regarding dispositions of property, investments, forming or acquiring subsidiaries, and business combinations or acquisitions, among other customary covenants, subject to certain exceptions. As defined in the 2023 Credit Agreement, we are (i) required to maintain a Leverage Ratio of less than 3.00 to 1.00 and a Fixed Charge Coverage Ratio greater than 1.15 to 1.00; and (ii) we are restricted from making certain distributions to stockholders, including repurchases of common stock. However, we are permitted to make distributions, including through purchases of outstanding common stock, provided that we are in compliance with the Leverage Ratio and Fixed Charge Coverage Ratio financial covenants before and after such distribution. 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 amounts outstanding under the 2023 Credit Agreement. At August 31, 2023, we believe that we were in compliance with the covenants and conditions of the 2023 Credit Agreement.

The 2023 Credit Agreement is secured by substantially all of our assets and certain of our subsidiaries, and provides for standard events of default, such as for non-payment and failure to perform or observe covenants, and contains standard indemnifications benefitting the Lenders. In connection with the 2023 Credit Agreement, the Company and certain of its subsidiaries, as applicable, also entered into a Security Agreement, Intellectual Property Security Agreement, and Guaranty of Payment.

We did not have any borrowings on our revolving line of credit facilities at either of August 31, 2023 or 2022.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Fair Value Of Financial Instruments (Schedule Of Contingent Consideration Liability) (Details) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Business Acquisition, Contingent Consideration [Line Items]
Change in fair value	$ 7,000	$ 68,000	$ 193,000
Jhana [Member]
Business Acquisition, Contingent Consideration [Line Items]
Balance at beginning	729,000
Change in fair value	7,000
Payments	(736,000)
Balance at ending	$ 0	$ 729,000

Leases

12 Months Ended

Aug. 31, 2023

Leases [Abstract]

Leases

9. LEASES

Lessee Obligations

In the normal course of business, we lease 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. 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 and 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, 2023, we had operating leases with remaining terms ranging from less than one year to approximately five 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	$	812

Liabilities:
Current:
Operating lease liabilities	Accrued liabilities		579
Long-Term:
Operating lease liabilities	Other long-term liabilities		233
		$	812

Weighted Average Remaining Lease Term:
Operating leases (years)			1.6

Weighted Average Discount Rate:
Operating leases			5.0	%

In fiscal 2023, we obtained $0.6 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, 2023, are as follows (in thousands):



YEAR ENDING
AUGUST 31,
2024	$	607
2025		179
2026		38
2027		22
2028		7
Thereafter		-
Total operating lease payments		853
Less imputed interest		(41)
Present value of operating lease liabilities	$	812

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 $1.2 million, $1.5 million, and $1.6 million for the fiscal years ended August 31, 2023, 2022, and 2021.

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 is $37.1 million, which had a carrying value of $3.0 million at August 31, 2023. The following future minimum lease payments due to us from our sublease agreements at August 31, 2023, are as follows (in thousands):



YEAR ENDING
AUGUST 31,
2024	$	2,197
2025		1,814
2026		-
Thereafter		-
	$	4,011

Sublease revenue totaled $2.4 million, $3.9 million, and $4.0 million during the fiscal years ended August 31, 2023, 2022, and 2021.

Acquisition of Strive Talent, Inc.

12 Months Ended

Aug. 31, 2023

Acquisition of Strive Talent, Inc. [Abstract]

Acquisition of Strive Talent, Inc.

‎

3. ACQUISITION OF STRIVE TALENT, INC.

On April 26, 2021 (the Closing Date), through our wholly owned subsidiary Franklin Covey Client Sales, Inc., we purchased all of the issued and outstanding stock of Strive Talent, Inc. (Strive), a San Francisco-based technology company which developed and marketed an innovative learning deployment platform. The Strive platform has greatly enhanced our All Access Pass subscription platform and has enabled improved deployment of our content, services, technology, and metrics to deliver behavioral impact at scale. 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 was 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 7). 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 AAP 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 was paid 18 months following the Closing Date to stockholders and option holders of Strive who were still employed by the Company or its affiliates as of such 18-month date, subject to certain exceptions. The bonus payments were forfeited by the individuals if they voluntarily terminated their employment with the Company prior to the 18-month anniversary of the purchase. These payments were made shares of our common stock and the decision to pay these bonuses in shares of common stock was made at our 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 did 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 AAP subscription and was allocated to our operating segments based on relative fair value. 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 income statement and statement of comprehensive income for the fiscal year ended August 31, 2021.

Earnings Per Share

12 Months Ended

Aug. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

16. EARNINGS PER SHARE

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



YEAR ENDED
AUGUST 31,		2023		2022		2021
Numerator for basic and
diluted earnings per share:
Net income	$	17,781	$	18,430	$	13,623

Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		13,640		14,147		14,090
Effect of dilutive securities:
Stock-based compensation
awards		659		408		53
Diluted weighted average shares
outstanding		14,299		14,555		14,143

EPS Calculations:
Net income per share:
Basic	$	1.30	$	1.30	$	0.97
Diluted		1.24		1.27		0.96

Income Taxes (Summary Of Tax Credit Carryforwards) (Details) $ in Thousands	12 Months Ended
	Aug. 31, 2023 USD ($)
Tax Credit Carryforward [Line Items]
Credits Generated	$ 6,592
Credits Used in Prior Years	(1,346)
Credits Reduced in Current Year	(64)
Credits Used in Current Year	(929)
Credits Carried Forward	$ 4,253
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	(965)
Credits Reduced in Current Year	(21)
Credits Used in Current Year
Credits Carried Forward	$ 741
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	(234)
Credits Reduced in Current Year
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	(147)
Credits Reduced in Current Year	(18)
Credits Used in Current Year
Credits Carried Forward	$ 845
Tax Year 2022 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2022
Credit Expires	Aug. 31, 2032
Credits Generated	$ 1,216
Credits Used in Prior Years
Credits Reduced in Current Year	(25)
Credits Used in Current Year
Credits Carried Forward	$ 1,191
Tax Year 2023 [Member]
Tax Credit Carryforward [Line Items]
Credit Generated in Fiscal Year Ended	Aug. 31, 2023
Credit Expires	Aug. 31, 2033
Credits Generated	$ 1,061
Credits Used in Prior Years
Credits Reduced in Current Year
Credits Used in Current Year	(929)
Credits Carried Forward	$ 132

Intangible Assets And Goodwill (Range Of Remaining Estimated Useful Lives And Weighted-Average Amortization) (Details)	12 Months Ended
	Aug. 31, 2023
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	6 years
Weighted Average Original Amortization Period	6 years
Tradename [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	3 years
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	4 years
Minimum [Member] \| Acquired Content [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	3 years
Minimum [Member] \| Customer Lists [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	4 years
Maximum [Member] \| License Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	6 years
Maximum [Member] \| Acquired Content [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	4 years
Maximum [Member] \| Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	4 years
Maximum [Member] \| Non-Compete Agreements And Other [Member]
Finite-Lived Intangible Assets [Line Items]
Range of Remaining Estimated Useful Lives	6 years

Segment Information (Tables)

12 Months Ended

Aug. 31, 2023

Segment Information [Abstract]

Schedule Of Segment Operations



		Sales to
Fiscal Year Ended		External				Adjusted
August 31, 2023		Customers		Gross Profit		EBITDA
Enterprise Division:
Direct offices	$	194,021	$	156,915	$	44,198
International licensees		11,645		10,507		5,874
		205,666		167,422		50,072
Education Division		69,736		44,418		7,426
Corporate and eliminations		5,119		1,650		(9,432)
Consolidated	$	280,521	$	213,490	$	48,066

Fiscal Year Ended
August 31, 2022
Enterprise Division:
Direct offices	$	183,845	$	148,051	$	37,497
International licensees		10,551		9,382		4,964
		194,396		157,433		42,461
Education Division		61,852		41,206		8,408
Corporate and eliminations		6,593		3,273		(8,672)
Consolidated	$	262,841	$	201,912	$	42,197

Fiscal Year Ended
August 31, 2021
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

Reconciliation Of Adjusted EBITDA



YEAR ENDED
AUGUST 31,		2023		2022		2021
Segment Adjusted EBITDA	$	57,498	$	50,869	$	36,352
Corporate expenses		(9,432)		(8,672)		(8,394)
Consolidated Adjusted EBITDA		48,066		42,197		27,958
Stock-based compensation		(12,520)		(8,286)		(8,617)
Increase in contingent
consideration liabilities		(7)		(68)		(193)
Restructuring costs		(565)		-		-
Gain from insurance settlement		-		-		150
Government COVID assistance		-		-		299
Business acquisition costs		-		-		(300)
Depreciation		(4,271)		(4,903)		(6,190)
Amortization		(4,342)		(5,266)		(5,006)
Income from operations		26,361		23,674		8,101
Interest income		1,091		65		73
Interest expense		(1,583)		(1,675)		(2,099)
Income before income taxes		25,869		22,064		6,075
Benefit (provision) for income taxes		(8,088)		(3,634)		7,548
Net income	$	17,781	$	18,430	$	13,623

Schedule Of Disaggregation Revenue By Geographic Region



YEAR ENDED
AUGUST 31,		2023		2022		2021
Americas	$	233,479	$	218,863	$	182,954
Asia Pacific		28,640		26,835		28,621
Europe/Middle East/Africa		18,402		17,143		12,593
	$	280,521	$	262,841	$	224,168

Schedule Of Revenue Disaggregate By Activities



Fiscal Year Ended		Services and						Leases and
August 31, 2023		Products		Subscriptions		Royalties		Other		Consolidated
Enterprise Division:
Direct offices	$	93,700	$	97,992	$	2,329	$	-	$	194,021
International licensees		428		1,327		9,890		-		11,645
		94,128		99,319		12,219		-		205,666
Education Division		26,803		39,662		3,271		-		69,736
Corporate and eliminations		-		-		1,250		3,869		5,119
Consolidated	$	120,931	$	138,981	$	16,740	$	3,869	$	280,521

Fiscal Year Ended
August 31, 2022
Enterprise Division:
Direct offices	$	93,324	$	88,055	$	2,466	$	-	$	183,845
International licensees		429		1,281		8,841		-		10,551
		93,753		89,336		11,307		-		194,396
Education Division		25,134		34,037		2,681		-		61,852
Corporate and eliminations		-		-		1,194		5,399		6,593
Consolidated	$	118,887	$	123,373	$	15,182	$	5,399	$	262,841

Fiscal Year Ended
August 31, 2021
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

Long-Lived Assets By Country



AUGUST 31,		2023		2022
United States/Canada	$	25,538	$	24,179
China		1,504		1,375
Japan		1,024		983
United Kingdom		782		425
Germany, Switzerland, and Austria		223		102
Australia		100		155
	$	29,171	$	27,219

Financing Obligation (Financing Obligation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Financing Obligation [Abstract]
Financing obligation	$ 7,962	$ 11,161
Less current portion	(3,538)	(3,199)
Financing obligation, less current portion	4,424	$ 7,962
Monthly payment of financing obligation	$ 335
Annual increase to base payment	2.00%
Imputed interest	7.70%
Expiration date	June 2025

Consolidated Income Statements And Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Consolidated Income Statements And Statements Of Comprehensive Income [Abstract]
Foreign currency translation adjustments, net of income tax benefit (provision)	$ (80)	$ 176	$ 11

Segment Information (Schedule Of Revenue Disaggregated By Geographic Region) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 280,521	$ 262,841	$ 224,168
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue	233,479	218,863	182,954
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue	28,640	26,835	28,621
Europe/Middle East/Africa [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 18,402	$ 17,143	$ 12,593

- Definition

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

+ References + Details

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Paragraph 5
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 42
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 22
-Subparagraph (b)
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 32
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-Topic 280
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 32
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Paragraph 4
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Notes Payable (Tables)

12 Months Ended

Aug. 31, 2023

Notes Payable [Abstract]

Balances And Classification Of Notes Payable



	Current Portion of Notes Payable				Notes Payable, Less Current Portion
	August 31,		August 31,			August 31,		August 31,
Description	2023		2022			2023		2022
Term loan payable	$	5,000	$	5,000	$	-	$	5,000
Strive acquisition note payable		835		835		1,535		2,268
	$	5,835	$	5,835	$	1,535	$	7,268

Future Principal Payments By Fiscal Year



YEAR ENDING		Term Loan		Strive Note
AUGUST 31,		Payable		Payable		Total
2024	$	5,000	$	835	$	5,835
2025		-		835		835
2026		-		835		835
2027		-		-		-
	$	5,000	$	2,505	$	7,505

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
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+ Details

Related Party Transactions (Tables)

12 Months Ended

Aug. 31, 2023

Schedule Of Estimated Fair Values Of Assets Acquired, Liabilities Assumed, and Identifiable Intangible Assets



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

Segment Information (Narrative) (Details)	12 Months Ended
Segment Information (Narrative) (Details)	Aug. 31, 2023 segment
Segment Information [Abstract]
Number of operating reportable segments	3

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Employee Benefit Plans [Abstract]
Maximum percent of gross wages employees may contribute	75.00%
Matching contributions	$ 3.0	$ 2.7	$ 2.5

Acquisition of Strive Talent, Inc. (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 26, 2021	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021	Dec. 31, 2020
Business Acquisition, Contingent Consideration [Line Items]
Selling, general, and administrative		$ 178,516	$ 168,069	$ 153,605
Revenue		280,521	262,841	224,168
Income (loss) from operations		$ 26,361	$ 23,674	8,101
Strive [Member]
Business Acquisition, Contingent Consideration [Line Items]
Aggregate consideration	$ 14,320
Purchase price paid in cash	10,554
Amount in escrow	1,000
Escrow term		18 months
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

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($)	Aug. 31, 2023	Aug. 31, 2022	Jul. 11, 2017
Jhana [Member]
Contingent consideration	$ 0	$ 729,000	$ 7,200,000

Nature Of Operations And Summary Of Significant Accounting Policies

12 Months Ended

Aug. 31, 2023

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

Nature Of Operations And Summary Of Significant Accounting Policies

1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Franklin Covey Co. (hereafter referred to as we, us, our, or the Company) is a global company specializing in organizational performance improvement. We help individuals and organizations achieve results that require a change in human behavior and our mission is to “enable greatness in people and organizations everywhere.” We have some of the best-known offerings in the training industry, including a suite of individual-effectiveness and leadership-development training and products based on the best-selling books, The 7 Habits of Highly Effective People, The Speed of Trust, The Leader In Me, The Four Disciplines of Execution, and Multipliers, and proprietary content in the areas of Leadership, Execution, Productivity, Sales Performance, and Educational improvement. Our offerings are described in further detail at www.franklincovey.com and elsewhere in this report. Through our organizational research and curriculum development efforts, we seek to consistently create, develop, and introduce new services and products that help individuals and organizations achieve their own great purposes.

Fiscal Year

Our fiscal year ends on August 31 of each year and our fiscal quarters end on the last day of November, February, and May. Unless otherwise noted, references to fiscal years apply to the 12 months ended August 31 of the specified year.

Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and our wholly owned subsidiaries, which consist of Franklin Development Corp., and our offices that serve clients in Japan, China, the United Kingdom, Ireland, Australia, New Zealand, Germany, Switzerland, and Austria. Intercompany balances and transactions are eliminated in consolidation.

Pervasiveness of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, shareholders’ equity, revenues, and expenses. Actual results could differ from those estimates.

Reclassifications

Due to stock-based compensation adjustments and modifications resulting from uncertainties during the COVID-19 pandemic, we separately disclosed share-based compensation expense on our consolidated income statements in prior periods. During fiscal 2023 we returned to our normal presentation and reclassified share-based compensation expense as a component of selling, general, and administrative expense in the accompanying consolidated income statements. Refer to Note 13 for more information on our stock-based compensation instruments.

Cash and Cash Equivalents

Some of our cash is deposited with financial institutions located throughout the United States of America and at banks in foreign countries where we operate subsidiary offices, and at times may exceed insured limits. We consider all highly liquid debt instruments with an original maturity date of three months or less to be cash equivalents. Of our $38.2 million in cash at August 31, 2023, $12.0 million was held outside the U.S. by our foreign subsidiaries. We routinely repatriate cash from our foreign subsidiaries and consider cash generated from foreign activities a key component of our overall liquidity position.

Inventories

Inventories are stated at the lower of cost or net realizable value, cost being determined using the first-in, first-out method. Elements of cost in inventories generally include raw materials and direct labor. Cash flows from the sale of inventory are included in cash flows provided by operating activities in our consolidated statements of cash flows. Our inventories are comprised primarily of training materials, books, training-related accessories, and consisted of the following (in thousands):



AUGUST 31,		2023		2022
Finished goods	$	4,204	$	3,519
Raw materials		9		8
	$	4,213	$	3,527

Provision is made to reduce excess and obsolete inventories to their estimated net realizable value. In assessing the valuation of our inventories, we make judgments regarding future demand requirements and compare these estimates with current and committed inventory levels. Inventory requirements may change based on projected customer demand, training curriculum life-cycle changes, and other factors that could affect the valuation of our inventories.

Other Current Assets

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



AUGUST 31,		2023		2022
Deferred commissions	$	14,426	$	12,598
Other current assets		1,812		1,969
	$	16,238	$	14,567

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 are recorded at cost. Depreciation expense, which includes depreciation on our corporate campus that is accounted for as a financing obligation (Note 8), is calculated using the straight-line method over the lesser of the expected useful life of the asset or the contracted lease period. We generally use the following depreciable lives for our major classifications 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

‎

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



AUGUST 31,		2023		2022
Land and improvements	$	1,312	$	1,312
Buildings		30,038		30,038
Machinery and equipment		495		543
Computer hardware and software		28,948		26,030
Furniture, fixtures, and leasehold
improvements		10,147		9,287
		70,940		67,210
Less accumulated depreciation		(60,901)		(57,412)
	$	10,039	$	9,798

We expense costs for repairs and maintenance as incurred. Gains and losses resulting from the sale of property and equipment are recorded in income from operations. Depreciation of capitalized subscription portal costs is included in depreciation expense in the accompanying consolidated income statements and statements of comprehensive income.

Impairment of Long-Lived Assets

Long-lived tangible assets and finite-lived intangible assets are reviewed for possible impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use an estimate of undiscounted future net cash flows of the assets over the remaining useful lives in determining whether the carrying value of the assets is recoverable. If the carrying values of the assets exceed the anticipated future cash flows of the assets, we recognize an impairment loss equal to the difference between the carrying values of the assets and their estimated fair values. Impairment of long-lived assets is assessed at the lowest levels for which there are identifiable cash flows that are independent from other groups of assets. The evaluation of long-lived assets requires us to use estimates of future cash flows. If forecasts and assumptions used to support the realizability of our long-lived tangible and finite-lived intangible assets change in the future, significant impairment charges could result that would adversely affect our results of operations and financial condition. There were no long-lived asset impairment charges during any of the periods presented in this report.

Indefinite-Lived Intangible Assets and Goodwill Impairment Testing

Intangible assets that are deemed to have an indefinite life and acquired goodwill are not amortized, but rather are tested for impairment on an annual basis or more often if events or circumstances indicate that a potential impairment exists. The Covey trade name intangible asset has been deemed to have an indefinite life. This intangible asset is tested for impairment using qualitative factors or the present value of estimated royalties on trade name related revenues, which consist primarily of training seminars and work sessions, international licensee sales, and related products. Based on the fiscal 2023 evaluation of the Covey trade name, we believe the fair value of the Covey trade name substantially exceeds its carrying value. No impairment charges were recorded against the Covey trade name during the periods presented in this report.

Goodwill is recorded when the purchase price for a business acquisition exceeds the estimated fair value of the net tangible and identified intangible assets acquired. We test goodwill for impairment each year on August 31 or upon the occurrence of events or changes in circumstances which indicate that goodwill may be impaired. Goodwill is assigned to our reporting units, which are our operating segments, where discrete financial information is available that is regularly reviewed by management to evaluate segment performance.

During the annual impairment testing process, we have the option to first perform a qualitative assessment (commonly referred to as Step Zero) over relative events and circumstances to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value or to perform a quantitative assessment where we estimate the fair value of each reporting unit using both an income and market approach. At August 31, 2023, we completed a Step

Zero assessment and concluded there were no indicators of impairment. Refer to Note 5, Intangible Assets and Goodwill for further information on our goodwill.

When we perform a quantitative analysis to assess the recoverability of our goodwill, we determine the estimated fair value of each reporting unit and compare it to the carrying value of the reporting unit, including goodwill. If the fair value is less than the carrying value of the net assets and related goodwill, an impairment charge is recognized for the difference. The estimated fair value of each reporting unit is calculated using a combination of the income approach (discounted cash flows) and the market approach (using market multiples derived from a set of companies with comparable market characteristics). The value estimated using a discounted cash flow model is weighted against the estimated value derived from the guideline company market approach method. This market approach method estimates the price reasonably expected to be realized from the sale of the reporting unit based on comparable companies. In developing the discounted cash flow analysis, our assumptions about future revenues and expenses, capital expenditures, and changes in working capital are based on our internal plan and assume a terminal growth rate thereafter. The discounted cash flow analysis is derived from valuation techniques in which one or more significant inputs are not observable and constitute Level 3 fair value measures.

Determining the fair value of a reporting unit is judgmental in nature and involves the use of significant estimates and assumptions. These estimates and assumptions include revenue growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates, future economic and market conditions, and determination of appropriate market comparables. We base our fair value estimates on assumptions we believe to be reasonable, but that are unpredictable and inherently uncertain. Actual future results may differ from those estimates.

Capitalized Curriculum Development Costs

During the normal course of business, we develop training courses and related materials that we sell to our clients. Capitalized curriculum development costs include certain expenditures to develop course materials such as video segments, course manuals, and other related materials. Our capitalized curriculum development spending in fiscal 2023, which totaled $9.0 million, was primarily to create new and refreshed offerings and content for the AAP and new offerings for our Education practice. Our capitalized curriculum spending increased in fiscal 2023 primarily due to less-than-expected spending in fiscal 2022 and fiscal 2021 as several development projects were delayed or suspended in the wake of the pandemic. Curriculum costs are capitalized when there is a major revision to an existing course that requires a significant re-write of the course materials, or a significant investment in new curriculum. Costs incurred to maintain existing offerings are expensed when incurred. In addition, development costs incurred in the research and development of new offerings and software products to be sold, leased, or otherwise marketed are expensed as incurred until economic and technological feasibility have been established.

Capitalized development costs are amortized over three- to five-year useful lives, which are based on numerous factors, including expected cycles of major changes to our content. Capitalized curriculum development costs are reported as a component of other long-term assets in our consolidated balance sheets and totaled $10.9 million and $5.0 million at August 31, 2023 and 2022. Amortization of capitalized curriculum development costs is reported as a component of cost of sales in the accompanying consolidated income statements and statements of comprehensive income.

Accrued Liabilities

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


AUGUST 31,		2023		2022
Accrued compensation	$	17,974	$	20,608
Other accrued liabilities		10,278		13,597
	$	28,252	$	34,205

‎

Contingent Consideration Payments from Business Acquisitions

Business acquisitions may include contingent consideration payments based on various future financial measures related to the acquired entity. Contingent consideration is required to be recognized at fair value as of the acquisition date. We estimate the fair value of these liabilities based on financial projections of the acquired company and estimated probabilities of achievement. Based on updated estimates and projections, the contingent consideration liabilities are adjusted at each reporting date to their estimated fair value. Changes in fair value subsequent to the acquisition date are reported in selling, general, and administrative expense in our consolidated income statements and statements of comprehensive income and may have a material impact on our operating results. Variations in the fair value of contingent consideration liabilities may result from changes in discount periods or rates, changes in the timing and amount of earnings estimates, and changes in probability assumptions with respect to the likelihood of achieving various payment criteria.

Foreign Currency Translation and Transactions

The functional currencies of our foreign operations are the reported local currencies. Translation adjustments result from translating our foreign subsidiaries’ financial statements into United States dollars. The balance sheet accounts of our foreign subsidiaries are translated into United States dollars using the exchange rate in effect at the balance sheet dates. Revenues and expenses are translated using average exchange rates for each month during the fiscal year. The resulting translation differences are recorded as a component of accumulated other comprehensive loss in shareholders’ equity. Foreign currency transaction losses totaled $0.1 million, $0.5 million, and $0.1 million for the fiscal years ended August 31, 2023, 2022, and 2021, respectively, and are included as a component of selling, general, and administrative expenses in our consolidated income statements and statements of comprehensive income.

Revenue Recognition

We account for revenue in accordance with Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606). For further information on revenue recognition, refer to Note 2, Revenue Recognition.

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

Stock-Based Compensation

We record the compensation expense for all stock-based payments, including grants of stock options and the compensatory elements of our employee stock purchase plan, in our consolidated income statements and statements of comprehensive income based upon their fair values over the requisite service period. For more information on our stock-based compensation plans, refer to Note 13.

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

Costs for advertising are expensed as incurred. Advertising costs included in selling, general, and administrative expenses totaled $4.5 million, $4.8 million, and $4.0 million for the fiscal years ended August 31, 2023, 2022, and 2021.

Income Taxes

Our income tax provision has been determined using the asset and liability approach of accounting for income taxes. Under this approach, deferred income taxes represent the future tax consequences expected to occur when the reported

amounts of assets and liabilities are recovered or paid. The income tax provision represents income taxes paid or payable for the current year plus the change in deferred taxes during the year. Deferred income taxes result from differences between the financial and tax bases of our assets and liabilities and are adjusted for tax rates and tax laws when changes are enacted. A valuation allowance is provided against deferred income tax assets when it is more likely than not that all or some portion of the deferred income tax assets will not be realized. Interest and penalties related to uncertain tax positions are recognized as components of income tax benefit or expense in our consolidated income statements and statements of comprehensive income.

We may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement.

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 includes changes to equity accounts that were not the result of transactions with shareholders. Comprehensive income is comprised of net income and other comprehensive income and loss items. Our other comprehensive income and losses generally consist of changes in the cumulative foreign currency translation adjustment, net of tax.

Intangible Assets And Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Intangible Assets And Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 107,637	$ 108,276
Finite-lived intangible assets, accumulated amortization	(90,126)	(86,443)
Finite-lived intangible assets, net carrying amount	17,511	21,833
Intangible assets, gross carrying amount	130,637	131,276
Intangible assets, accumulated amortization	(90,126)	(86,443)
Intangible assets, net carrying amount	40,511	44,833
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
Acquired Content [Member]
Intangible Assets And Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	49,802	49,964
Finite-lived intangible assets, accumulated amortization	(43,910)	(42,501)
Finite-lived intangible assets, net carrying amount	5,892	7,463
License Rights [Member]
Intangible Assets And Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	31,758	32,077
Finite-lived intangible assets, accumulated amortization	(25,461)	(24,401)
Finite-lived intangible assets, net carrying amount	6,297	7,676
Customer Lists [Member]
Intangible Assets And Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	15,982	16,140
Finite-lived intangible assets, accumulated amortization	(15,272)	(15,028)
Finite-lived intangible assets, net carrying amount	710	1,112
Acquired Technology [Member]
Intangible Assets And Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	7,282	7,282
Finite-lived intangible assets, accumulated amortization	(3,200)	(2,479)
Finite-lived intangible assets, net carrying amount	4,082	4,803
Tradename [Member]
Intangible Assets And Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	1,883	1,883
Finite-lived intangible assets, accumulated amortization	(1,408)	(1,231)
Finite-lived intangible assets, net carrying amount	475	652
Non-Compete Agreements And Other [Member]
Intangible Assets And Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	930	930
Finite-lived intangible assets, accumulated amortization	(875)	(803)
Finite-lived intangible assets, net carrying amount	$ 55	$ 127

Shareholders' Equity

12 Months Ended

Aug. 31, 2023

Shareholders' Equity [Abstract]

Shareholders' Equity

11. SHAREHOLDERS’ EQUITY

Preferred Stock

We have 14.0 million shares of preferred stock authorized for issuance. At August 31, 2023 and 2022, no shares of preferred stock were issued or outstanding.

Treasury Stock

On February 14, 2023, our Board of Directors approved a new plan to purchase up to $50.0 million of our outstanding common stock. The previously existing common stock purchase plan was canceled, and the new common share purchase plan does not have an expiration date. During fiscal 2023, we purchased 867,873 shares of our common stock on the open market for $34.7 million, including 857,608 shares for $34.3 million under the terms of the purchase plan approved in 2023. The actual timing, number, and value of common shares purchased under our board-approved plan will be determined at our discretion and will depend on a number of factors, including, among others, general market and business conditions, the trading price of common shares, and applicable legal requirements. We have no obligation to purchase any common shares under the authorization, and the purchase plan may be suspended, discontinued, or modified at any time for any reason.

Purchases of common stock for treasury as presented on our consolidated statements of cash flows includes both shares purchased on the open market and shares withheld for statutory taxes on our stock-based compensation awards (Note 13) and include the applicable one percent excise tax. Shares withheld for income taxes are valued at the market price on the date the stock-based plan shares were distributed to participants. In fiscal 2023, we withheld 17,639 shares for statutory taxes with a cost basis of $0.8 million. During fiscal 2022, we purchased 499,411 shares of our common stock for $20.3 million in open market purchases and withheld 86,125 shares of common stock, with a cost basis of $3.5 million, for statutory taxes. The cost of common stock purchased for treasury in fiscal 2021 was entirely comprised of 147,092 shares withheld for income taxes on various stock-based compensation awards, which had a cost basis of $3.0 million.

- Definition

The entire disclosure for equity.

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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Paragraph 14
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Consolidated Income Statements And Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Consolidated Income Statements And Statements Of Comprehensive Income [Abstract]
Net sales	$ 280,521	$ 262,841	$ 224,168
Cost of sales	67,031	60,929	51,266
Gross profit	213,490	201,912	172,902
Selling, general, and administrative	178,516	168,069	153,605
Depreciation	4,271	4,903	6,190
Amortization	4,342	5,266	5,006
Income from operations	26,361	23,674	8,101
Interest income	1,091	65	73
Interest expense	(1,583)	(1,675)	(2,099)
Income before income taxes	25,869	22,064	6,075
Benefit (provision) for income taxes	(8,088)	(3,634)	7,548
Net income	$ 17,781	$ 18,430	$ 13,623
Net income per share:
Basic	$ 1.30	$ 1.30	$ 0.97
Diluted	$ 1.24	$ 1.27	$ 0.96
Weighted average number of common shares:
Basic	13,640	14,147	14,090
Diluted	14,299	14,555	14,143
COMPREHENSIVE INCOME:
Net income	$ 17,781	$ 18,430	$ 13,623
Foreign currency translation adjustments, net of income tax benefit (provision) of $(80), $176, and $11	(445)	(1,251)	68
Comprehensive income	$ 17,336	$ 17,179	$ 13,691

Fair Value Of Financial Instruments (Tables)

12 Months Ended

Aug. 31, 2023

Fair Value Of Financial Instruments [Abstract]

Schedule Of Contingent Consideration Liability



			Change in
AUGUST 31,	2022		Fair Value		Payments		2023
Jhana contingent liability	$	729	$	7	$	(736)	$	-

Notes Payable

12 Months Ended

Aug. 31, 2023

Notes Payable [Abstract]

Notes Payable

7. NOTES PAYABLE

At August 31, 2023 and 2022, our notes payable consisted of a term loan payable to a bank and a note payable to the former owners of Strive Talent, Inc. (Note 3). The note payable to the former owners of Strive is recorded at net present value and accrues interest at 3.6 percent until the obligation is paid in full. The balances and classification of our notes payable were as follows at the dates indicated (in thousands):



	Current Portion of Notes Payable				Notes Payable, Less Current Portion
	August 31,		August 31,			August 31,		August 31,
Description	2023		2022			2023		2022
Term loan payable	$	5,000	$	5,000	$	-	$	5,000
Strive acquisition note payable		835		835		1,535		2,268
	$	5,835	$	5,835	$	1,535	$	7,268

Principal payments of $1.25 million on our term loan payable under the 2023 Credit Agreement are due and payable on the last day of each March, June, September, and December until the term loan liability is fully repaid in 2024. Interest accrues on the term loans and is paid as discussed in Note 6 above. 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 over the next five years (in thousands):

‎



YEAR ENDING		Term Loan		Strive Note
AUGUST 31,		Payable		Payable		Total
2024	$	5,000	$	835	$	5,835
2025		-		835		835
2026		-		835		835
2027		-		-		-
	$	5,000	$	2,505	$	7,505

Commitments And Contingencies

12 Months Ended

Aug. 31, 2023

Commitments And Contingencies [Abstract]

Commitments And Contingencies

10. COMMITMENTS AND CONTINGENCIES

Warehouse Outsourcing Contract

We have 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 $102,000 per year for account management services and variable charges for other warehousing services based on specified activities, including shipping charges. This warehousing contract expired on September 30, 2023. We are currently in the process of negotiating a new warehousing contract with this services provider.

During fiscal years ended August 31, 2023, 2022, and 2021, we expensed $2.7 million, $2.5 million, and $2.1 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 $1.9 million, $1.7 million, and $1.4 million during the fiscal years ended August 31, 2023, 2022, and 2021, respectively. 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, 2023, we had open purchase commitments totaling $3.3 million for products and services to be delivered primarily in fiscal 2024.

Letter of Credit

At August 31, 2023 and 2022, we had a standby letter of credit for $10,000. Nothing was drawn on this letter of credit at either August 31, 2023 or August 31, 2022.

Legal Matters and Loss Contingencies

We are the subject of certain legal actions, which we consider routine to our business activities. At August 31, 2023, 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.

Intangible Assets And Goodwill (Tables)

12 Months Ended

Aug. 31, 2023

Intangible Assets And Goodwill [Abstract]

Intangible Assets



		Gross Carrying		Accumulated		Net Carrying
AUGUST 31, 2023		Amount		Amortization		Amount
Finite-lived intangible assets:
Acquired content	$	49,802	$	(43,910)	$	5,892
License rights		31,758		(25,461)		6,297
Customer lists		15,982		(15,272)		710
Acquired technology		7,282		(3,200)		4,082
Trade names		1,883		(1,408)		475
Non-compete agreements and other		930		(875)		55
		107,637		(90,126)		17,511
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	130,637	$	(90,126)	$	40,511

AUGUST 31, 2022
Finite-lived intangible assets:
Acquired content	$	49,964	$	(42,501)	$	7,463
License rights		32,077		(24,401)		7,676
Customer lists		16,140		(15,028)		1,112
Acquired technology		7,282		(2,479)		4,803
Trade names		1,883		(1,231)		652
Non-compete agreements and other		930		(803)		127
		108,276		(86,443)		21,833
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	131,276	$	(86,443)	$	44,833

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	3 to 4 years	24 years
License rights	4 to 6 years	26 years
Customer lists	1 to 4 years	11 years
Acquired technology	6 years	6 years
Trade names	3 years	5 years
Non-compete agreements and other	4 to 6 years	3 years

Amortization Expense For Intangible Assets Over The Next Five Years



YEAR ENDING
AUGUST 31,
2024	$	4,200
2025		4,030
2026		3,945
2027		3,110
2028		1,169

Consolidated Goodwill



Direct offices	$	22,962
International licensees		5,928
Education practice		2,330
	$	31,220

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
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-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Income Taxes (Benefit (Provision) For Income Taxes From Continuing Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Income Taxes [Abstract]
Current, State	$ (791)	$ (1,221)	$ (286)
Current, Foreign	(2,389)	(2,202)	(1,773)
Current	(3,180)	(3,423)	(2,059)
Deferred, Federal	1,545	(9,339)	2,869
Deferred, State	225	(889)	13
Deferred, Foreign	216	24	24
Operating loss carryforward	(7,201)	7,150	(3,058)
Valuation allowance	372	2,845	10,546
Foreign tax credit carryforward reduction	(65)	(2)	(787)
Deferred	(4,908)	(211)	9,607
Provision (benefit) for income taxes from continuing operations	$ (8,088)	$ (3,634)	$ 7,548

Related Party Transactions

12 Months Ended

Aug. 31, 2023

Related Party Transactions

‎

18. RELATED PARTY TRANSACTIONS

CoveyLink

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 $1.7 million, $1.8 million, and $1.5 million during the fiscal years ended August 31, 2023, 2022, and 2021. 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 $1.4 million, $0.8 million, and $0.6 million for payment on these presentations during the fiscal years ended August 31, 2023, 2022 and 2021. We had $0.3 million accrued for these royalties and speaking fees at each of August 31, 2023 and 2022, 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, 2023, 2022, and 2021, we expensed $0.1 million for these royalties. We had $0.1 million and an insignificant amount accrued to this executive officer at August 31, 2023 and 2022, respectively, 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, 2023, 2022, and 2021 we paid $0.2 million, $0.3 million, and $0.8 million to this company for services provided.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 220
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Income Taxes (Activity In Deferred Income Tax Asset Valuation Allowance) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Income Taxes [Abstract]
Beginning balance	$ 1,685	$ 4,530	$ 15,076
Charged to costs and expenses	212	683	394
Deductions	(584)	(3,528)	(10,940)
Ending balance	$ 1,313	$ 1,685	$ 4,530

Accounts Receivables (Activity In Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Accounts Receivable [Abstract]
Beginning balance	$ 4,492	$ 4,643	$ 4,159
Charged to costs and expenses	(66)	306	1,553
Deductions	(636)	(457)	(1,069)
Ending balance	$ 3,790	$ 4,492	$ 4,643

Nature Of Operations And Summary Of Significant Accounting Policies (Components Of Other Current Assets) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Other current assets	$ 16,238	$ 14,567
Deferred Commissions [Member]
Other current assets	14,426	12,598
Other Current Assets [Member]
Other current assets	$ 1,812	$ 1,969

Income Taxes (Tables)

12 Months Ended

Aug. 31, 2023

Income Taxes [Abstract]

Benefit (Provision) For Income Taxes From Continuing Operations



YEAR ENDED
AUGUST 31,		2023		2022		2021
Current:
Federal	$	-	$	-	$	-
State		(791)		(1,221)		(286)
Foreign		(2,389)		(2,202)		(1,773)
		(3,180)		(3,423)		(2,059)

Deferred:
Federal		1,545		(9,339)		2,869
State		225		(889)		13
Foreign		216		24		24
Operating loss carryforward		(7,201)		7,150		(3,058)
Valuation allowance		372		2,845		10,546
Foreign tax credit carryforward
reduction		(65)		(2)		(787)
		(4,908)		(211)		9,607
	$	(8,088)	$	(3,634)	$	7,548

Allocation Of Total Income Tax Provision (Benefit)



YEAR ENDED
AUGUST 31,		2023		2022		2021
Net income	$	(8,088)	$	(3,634)	$	7,548
Other comprehensive income		(80)		176		11
	$	(8,168)	$	(3,458)	$	7,559

Income From Continuing Operations Before Income Taxes



YEAR ENDED
AUGUST 31,		2023		2022		2021
United States	$	23,574	$	21,152	$	6,834
Foreign		2,295		912		(759)
	$	25,869	$	22,064	$	6,075

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



YEAR ENDED
AUGUST 31,	2023		2022		2021
Federal statutory income tax rate	(21.0)	%	(21.0)	%	(21.0)	%
State income taxes, net of federal effect	(4.7)		(3.9)		(1.6)
Valuation allowance	1.4		12.9		173.6
Foreign tax credit carryforward
reduction	(0.3)		-		(13.0)
Executive stock options	-		-		7.7
Foreign jurisdictions tax differential	(0.2)		(1.1)		(4.0)
Tax differential on income subject
to both U.S. and foreign taxes	(1.4)		(0.2)		(0.7)
Uncertain tax positions	(0.9)		(0.8)		(3.0)
Non-deductible executive compensation	(3.6)		(5.5)		(5.8)
Non-deductible meals and entertainment	(0.7)		(0.1)		(0.2)
Other stock-based compensation	(0.4)		2.5		-
Other	0.5		0.7		(7.8)
	(31.3)	%	(16.5)	%	124.2	%

Significant Components Of Deferred Tax Assets And Liabilities



AUGUST 31,		2023		2022
Deferred income tax assets:
Net operating loss carryforward	$	6,505	$	11,334
Foreign income tax credit
carryforward		4,253		4,096
Stock-based compensation		4,222		2,503
Sale and financing of corporate
headquarters		1,899		2,638
Deferred revenue		1,677		1,596
Bonus and other accruals		1,517		2,094
Capitalized development costs		1,236		-
Inventory and bad debt reserves		1,094		1,533
Other		458		605
Total deferred income tax assets		22,861		26,399
Less: valuation allowance		(1,313)		(1,685)
Net deferred income tax assets		21,548		24,714

Deferred income tax liabilities:
Intangibles step-ups – indefinite lived		(5,522)		(5,478)
Intangibles step-ups – finite lived		(2,541)		(3,186)
Self-constructed tangible assets		(5,476)		(3,811)
Intangible asset amortization		(4,189)		(3,851)
Deferred commissions		(3,598)		(3,187)
Unremitted earnings of foreign
subsidiaries		(521)		(388)
Property and equipment depreciation		(80)		(326)
Total deferred income tax liabilities		(21,927)		(20,227)
Net deferred income taxes	$	(379)	$	4,487

Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets



AUGUST 31,		2023		2022
Long-term assets	$	1,661	$	4,686
Long-term liabilities		(2,040)		(199)
Net deferred income tax asset	$	(379)	$	4,487

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	$	(1,428)	$	(63)	$	-
December 31, 2016	2035		3,052		-		(908)		2,144
July 15, 2017	2036		1,117		-		-		1,117
			5,660		(1,428)		(971)		3,261
Acquired NOL - Strive
December 31, 2018	No Expiration		947		(295)		(652)		-
December 31, 2019	No Expiration		869		-		(869)		-
December 31, 2020	No Expiration		1,133		-		(160)		973
April 25, 2021	No Expiration		553		-		-		553
			3,502		(295)		(1,681)		1,526

August 31, 2022	No Expiration		40,996		-		(27,790)		13,206
		$	50,158	$	(1,723)	$	(30,442)	$	17,993

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
2018	2028	$	1,727	$	(965)	$	(21)	$	-	$	741
2019	2029		1,578		(234)		-		-		1,344
2020	2030		1,010		(147)		(18)		-		845
2022	2032		1,216		-		(25)		-		1,191
2023	2033		1,061		-		-		(929)		132
		$	6,592	$	(1,346)	$	(64)	$	(929)	$	4,253

Activity In Deferred Income Tax Asset Valuation Allowance



YEAR ENDED
AUGUST 31,		2023		2022		2021
Beginning balance	$	1,685	$	4,530	$	15,076
Charged to costs and expenses		212		683		394
Deductions		(584)		(3,528)		(10,940)
Ending balance	$	1,313	$	1,685	$	4,530

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



YEAR ENDED
AUGUST 31,		2023		2022		2021
Beginning balance	$	1,597	$	1,594	$	1,640
Additions based on tax positions
related to the current year		188		77		349
Additions for tax positions in
prior years		290		207		79
Reductions for tax positions of prior
years resulting from the lapse of
applicable statute of limitations		(186)		-		(188)
Other reductions for tax positions of
prior years		(271)		(281)		(286)
Ending balance	$	1,618	$	1,597	$	1,594

Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions

2016-2023	Australia, Canada, and Japan
2016-2023	China
2018-2023	Germany, Switzerland, and Austria
2019-2023	United Kingdom, Singapore
2019-2023	United States – state and local income tax
2020-2023	United States – federal income tax

Segment Information (Schedule Of Revenue Disaggregated By Type Of Service) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 280,521	$ 262,841	$ 224,168
Services And Products [Member]
Disaggregation of Revenue [Line Items]
Revenue	120,931	118,887	104,943
Subscriptions [Member]
Disaggregation of Revenue [Line Items]
Revenue	138,981	123,373	99,531
Royalties [Member]
Disaggregation of Revenue [Line Items]
Revenue	16,740	15,182	14,468
Leases And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,869	5,399	5,226
Operating Segments [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	205,666	194,396	168,644
Operating Segments [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	69,736	61,852	48,902
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	194,021	183,845	159,608
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	11,645	10,551	9,036
Operating Segments [Member] \| Services And Products [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	94,128	93,753	85,196
Operating Segments [Member] \| Services And Products [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	26,803	25,134	19,747
Operating Segments [Member] \| Services And Products [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	93,700	93,324	84,111
Operating Segments [Member] \| Services And Products [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	428	429	1,085
Operating Segments [Member] \| Subscriptions [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	99,319	89,336	72,789
Operating Segments [Member] \| Subscriptions [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	39,662	34,037	26,742
Operating Segments [Member] \| Subscriptions [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	97,992	88,055	72,789
Operating Segments [Member] \| Subscriptions [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,327	1,281
Operating Segments [Member] \| Royalties [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	12,219	11,307	10,659
Operating Segments [Member] \| Royalties [Member] \| Education Practice [Member]
Disaggregation of Revenue [Line Items]
Revenue	3,271	2,681	2,413
Operating Segments [Member] \| Royalties [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	2,329	2,466	2,708
Operating Segments [Member] \| Royalties [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Disaggregation of Revenue [Line Items]
Revenue	9,890	8,841	7,951
Corporate And Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	5,119	6,593	6,622
Corporate And Eliminations [Member] \| Royalties [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,250	1,194	1,396
Corporate And Eliminations [Member] \| Leases And Other [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 3,869	$ 5,399	$ 5,226

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

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

12 Months Ended

Aug. 31, 2023

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

Nature of Operations

Fiscal Year

Basis Of Presentation

Basis of Presentation

Pervasiveness Of Estimates

Pervasiveness of Estimates

Reclassifications

Cash And Cash Equivalents

Cash and Cash Equivalents

Inventories



AUGUST 31,		2023		2022
Finished goods	$	4,204	$	3,519
Raw materials		9		8
	$	4,213	$	3,527

Other Current Assets

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



AUGUST 31,		2023		2022
Deferred commissions	$	14,426	$	12,598
Other current assets		1,812		1,969
	$	16,238	$	14,567

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,		2023		2022
Land and improvements	$	1,312	$	1,312
Buildings		30,038		30,038
Machinery and equipment		495		543
Computer hardware and software		28,948		26,030
Furniture, fixtures, and leasehold
improvements		10,147		9,287
		70,940		67,210
Less accumulated depreciation		(60,901)		(57,412)
	$	10,039	$	9,798

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

Zero assessment and concluded there were no indicators of impairment. Refer to Note 5, Intangible Assets and Goodwill for further information on our goodwill.

Capitalized Curriculum Development Costs

Accrued Liabilities

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


AUGUST 31,		2023		2022
Accrued compensation	$	17,974	$	20,608
Other accrued liabilities		10,278		13,597
	$	28,252	$	34,205

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

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

Income Taxes (Allocation Of Total Income Tax Provision(Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Income Taxes [Abstract]
Net income	$ (8,088)	$ (3,634)	$ 7,548
Other comprehensive income	(80)	176	11
Total income tax provision (benefit)	$ (8,168)	$ (3,458)	$ 7,559

- Definition

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

+ References + Details

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 12
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-12

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-17

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-10

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482659/740-20-45-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482659/740-20-45-2

+ Details

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

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Income Taxes [Line Items]
Benefit (provision) for income taxes	$ (8,088)	$ (3,634)	$ 7,548
Income before income taxes	25,869	22,064	$ 6,075
Effective income tax benefit rate			124.20%
Tax expense for non-deductible executive compensation	$ 900	$ 1,200
Income tax rate	31.30%	16.50%	(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 benefit	$ 200		300		$ 300
Operating loss carryforwards	17,993
Reduced the valuation allowance by	372	$ 2,845	10,546
Total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate	1,300	1,300
Increase (decrease) in income tax expense due to interest and penalties related to uncertain tax positions	100	100
Unrecognized tax benefits	1,618	1,597	1,594	$ 1,640
Balance of interest and penalties related to uncertain tax positions	400	300
Tax differential on income subject to both U.S. and foreign taxes	400
Stock-Based Compensation Deductions [Member]
Income Taxes [Line Items]
Benefit (provision) for income taxes		$ 600
United States – State And Local Income Tax [Member]
Income Taxes [Line Items]
Operating loss carryforwards	$ 1,200
Foreign Tax Authority [Member]
Income Taxes [Line Items]
Operating loss carryforwards			$ 800

Accounts Receivables (Tables)

12 Months Ended

Aug. 31, 2023

Accounts Receivable [Abstract]

Activity In Allowance For Doubtful Accounts



YEAR ENDED
AUGUST 31,		2023		2022		2021
Beginning balance	$	4,492	$	4,643	$	4,159
Charged to costs and expenses		(66)		306		1,553
Deductions		(636)		(457)		(1,069)
Ending balance	$	3,790	$	4,492	$	4,643

Financing Obligation (Narrative) (Details) $ in Millions	12 Months Ended
Financing Obligation (Narrative) (Details) $ in Millions	Aug. 31, 2023 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

Income Taxes (Summary Of Operating Loss Carryforwards) (Details) $ in Thousands	12 Months Ended
	Aug. 31, 2023 USD ($)
Operating Loss Carryforwards [Line Items]
Amount	$ 50,158
Loss Deductions in Prior Years	(1,723)
Loss Deductions in Current Year	(30,442)
Operating Loss Carried Forward	17,993
Acquired NOL - Jhana [Member]
Operating Loss Carryforwards [Line Items]
Amount	5,660
Loss Deductions in Prior Years	(1,428)
Loss Deductions in Current Year	(971)
Operating Loss Carried Forward	3,261
Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Amount	3,502
Loss Deductions in Prior Years	(295)
Loss Deductions in Current Year	(1,681)
Operating Loss Carried Forward	$ 1,526
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	(1,428)
Loss Deductions in Current Year	(63)
Operating Loss Carried Forward
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
Loss Deductions in Current Year	(908)
Operating Loss Carried Forward	$ 2,144
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
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	(295)
Loss Deductions in Current Year	(652)
Operating Loss Carried Forward
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
Loss Deductions in Current Year	(869)
Operating Loss Carried Forward
Tax Year 2020 [Member] \| Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	No Expiration
Amount	$ 1,133
Loss Deductions in Prior Years
Loss Deductions in Current Year	(160)
Operating Loss Carried Forward	$ 973
April 25, 2021 [Member] \| Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	No Expiration
Amount	$ 553
Loss Deductions in Prior Years
Operating Loss Carried Forward	$ 553
August 31, 2022 [Member] \| Acquired NOL - Strive [Member]
Operating Loss Carryforwards [Line Items]
Loss Carryforward Expires	No Expiration
Amount	$ 40,996
Loss Deductions in Prior Years
Loss Deductions in Current Year	(27,790)
Operating Loss Carried Forward	$ 13,206

Income Taxes (Significant Components Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Income Taxes [Abstract]
Net operating loss carryforward	$ 6,505	$ 11,334
Foreign income tax credit carryforward	4,253	4,096
Stock-based compensation	4,222	2,503
Sale and financing of corporate headquarters	1,899	2,638
Deferred revenue	1,677	1,596
Bonus and other accruals	1,517	2,094
Capitalized development costs	1,236
Inventory and bad debt reserves	1,094	1,533
Other	458	605
Total deferred income tax assets	22,861	26,399
Less: valuation allowance	(1,313)	(1,685)	$ (4,530)	$ (15,076)
Net deferred income tax assets	21,548	24,714
Intangibles step-ups - indefinite lived	(5,522)	(5,478)
Intangibles step-ups - finite lived	(2,541)	(3,186)
Self-constructed tangible assets	(5,476)	(3,811)
Intangible asset amortization	(4,189)	(3,851)
Deferred commissions	(3,598)	(3,187)
Unremitted earnings of foreign subsidiaries	(521)	(388)
Property and equipment depreciation	(80)	(326)
Total deferred income tax liabilities	(21,927)	(20,227)
Net deferred income tax asset		$ 4,487
Net deferred income tax liability	$ (379)

Income Taxes (Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Income Taxes [Abstract]
Beginning balance	$ 1,597	$ 1,594	$ 1,640
Additions based on tax positions related to the current year	188	77	349
Additions for tax positions in prior years	290	207	79
Reductions for tax positions of prior years resulting from the lapse of applicable statute of limitations	(186)		(188)
Other reductions for tax positions of prior years	(271)	(281)	(286)
Ending balance	$ 1,618	$ 1,597	$ 1,594

Financing Obligation (Tables)

12 Months Ended

Aug. 31, 2023

Financing Obligation [Abstract]

Financing Obligation



AUGUST 31,		2023		2022
Financing obligation payable in
monthly installments of $335 at
August 31, 2023, including
principal and interest, with two
percent annual increases
(imputed interest at 7.7%),
through June 2025	$	7,962	$	11,161
Less current portion		(3,538)		(3,199)
Total financing obligation,
less current portion	$	4,424	$	7,962

Future Principal Maturities



YEAR ENDING
AUGUST 31,
2024	$	3,538
2025		4,424
Thereafter		-
	$	7,962

Future Minimum Payments Under The Financing Obligation



YEAR ENDING
AUGUST 31,
2024	$	4,031
2025		3,301
Thereafter		-
Total future minimum financing
obligation payments		7,332
Less interest		(682)
Present value of future minimum
financing obligation payments	$	6,650

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

12 Months Ended

Aug. 31, 2023

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

Components Of Inventories



AUGUST 31,		2023		2022
Finished goods	$	4,204	$	3,519
Raw materials		9		8
	$	4,213	$	3,527

Components Of Other Current Assets



AUGUST 31,		2023		2022
Deferred commissions	$	14,426	$	12,598
Other current assets		1,812		1,969
	$	16,238	$	14,567

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,		2023		2022
Land and improvements	$	1,312	$	1,312
Buildings		30,038		30,038
Machinery and equipment		495		543
Computer hardware and software		28,948		26,030
Furniture, fixtures, and leasehold
improvements		10,147		9,287
		70,940		67,210
Less accumulated depreciation		(60,901)		(57,412)
	$	10,039	$	9,798

Components Of Accrued Liabilities


AUGUST 31,		2023		2022
Accrued compensation	$	17,974	$	20,608
Other accrued liabilities		10,278		13,597
	$	28,252	$	34,205

Income Taxes

12 Months Ended

Aug. 31, 2023

Income Taxes [Abstract]

Income Taxes

‎

15. INCOME TAXES

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



YEAR ENDED
AUGUST 31,		2023		2022		2021
Current:
Federal	$	-	$	-	$	-
State		(791)		(1,221)		(286)
Foreign		(2,389)		(2,202)		(1,773)
		(3,180)		(3,423)		(2,059)

Deferred:
Federal		1,545		(9,339)		2,869
State		225		(889)		13
Foreign		216		24		24
Operating loss carryforward		(7,201)		7,150		(3,058)
Valuation allowance		372		2,845		10,546
Foreign tax credit carryforward
reduction		(65)		(2)		(787)
		(4,908)		(211)		9,607
	$	(8,088)	$	(3,634)	$	7,548

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



YEAR ENDED
AUGUST 31,		2023		2022		2021
Net income	$	(8,088)	$	(3,634)	$	7,548
Other comprehensive income		(80)		176		11
	$	(8,168)	$	(3,458)	$	7,559

Income before income taxes was generated as follows (in thousands):



YEAR ENDED
AUGUST 31,		2023		2022		2021
United States	$	23,574	$	21,152	$	6,834
Foreign		2,295		912		(759)
	$	25,869	$	22,064	$	6,075

‎

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



YEAR ENDED
AUGUST 31,	2023		2022		2021
Federal statutory income tax rate	(21.0)	%	(21.0)	%	(21.0)	%
State income taxes, net of federal effect	(4.7)		(3.9)		(1.6)
Valuation allowance	1.4		12.9		173.6
Foreign tax credit carryforward
reduction	(0.3)		-		(13.0)
Executive stock options	-		-		7.7
Foreign jurisdictions tax differential	(0.2)		(1.1)		(4.0)
Tax differential on income subject
to both U.S. and foreign taxes	(1.4)		(0.2)		(0.7)
Uncertain tax positions	(0.9)		(0.8)		(3.0)
Non-deductible executive compensation	(3.6)		(5.5)		(5.8)
Non-deductible meals and entertainment	(0.7)		(0.1)		(0.2)
Other stock-based compensation	(0.4)		2.5		-
Other	0.5		0.7		(7.8)
	(31.3)	%	(16.5)	%	124.2	%

Our effective income tax expense rate for fiscal 2023 of 31.3 percent was higher than the statutory tax rate primarily due to tax expense of $0.9 million for non-deductible executive compensation and $0.4 million in tax differential on income subject to both U.S. and foreign taxes, which were partially offset by a $0.4 million decrease in the valuation allowance against our deferred income tax assets.

The effective income tax expense rate for fiscal 2022 of 16.5 percent was lower than the statutory tax rate primarily due to a $2.8 million decrease in the valuation allowance against our deferred income tax assets and a $0.6 million benefit for share-based compensation deductions in excess of the corresponding book expense. These tax benefits were partially offset by tax expense of $1.2 million for non-deductible executive compensation.

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.

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. In fiscal 2022, we reduced the valuation allowance against our deferred tax assets by $2.8 million, due primarily to foreign tax credits claimed on our fiscal 2021 U.S. federal income tax return which we

previously concluded would expire unused. In fiscal 2023, we reduced the valuation allowance against our deferred tax assets by $0.4 million, due primarily to reversals of certain foreign subsidiaries’ valuation allowances.

We are subject to the anti-deferral provisions on Global Intangible Low-Taxed Income (GILTI) under the Tax Cut and Jobs Act of 2017. 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). We recorded income tax expense of $0.2 million in fiscal 2023, an insignificant amount of income tax expense in fiscal 2022 and no income tax expense in fiscal 2021 under the GILTI provisions. During fiscal 2019, we recorded income tax expense of $0.3 million under GILTI. 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.

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



AUGUST 31,		2023		2022
Deferred income tax assets:
Net operating loss carryforward	$	6,505	$	11,334
Foreign income tax credit
carryforward		4,253		4,096
Stock-based compensation		4,222		2,503
Sale and financing of corporate
headquarters		1,899		2,638
Deferred revenue		1,677		1,596
Bonus and other accruals		1,517		2,094
Capitalized development costs		1,236		-
Inventory and bad debt reserves		1,094		1,533
Other		458		605
Total deferred income tax assets		22,861		26,399
Less: valuation allowance		(1,313)		(1,685)
Net deferred income tax assets		21,548		24,714

Deferred income tax liabilities:
Intangibles step-ups – indefinite lived		(5,522)		(5,478)
Intangibles step-ups – finite lived		(2,541)		(3,186)
Self-constructed tangible assets		(5,476)		(3,811)
Intangible asset amortization		(4,189)		(3,851)
Deferred commissions		(3,598)		(3,187)
Unremitted earnings of foreign
subsidiaries		(521)		(388)
Property and equipment depreciation		(80)		(326)
Total deferred income tax liabilities		(21,927)		(20,227)
Net deferred income taxes	$	(379)	$	4,487

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



AUGUST 31,		2023		2022
Long-term assets	$	1,661	$	4,686
Long-term liabilities		(2,040)		(199)
Net deferred income tax asset	$	(379)	$	4,487

‎

Our U.S. federal net operating loss carryforwards were comprised of the following at August 31, 2023 (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	$	(1,428)	$	(63)	$	-
December 31, 2016	2035		3,052		-		(908)		2,144
July 15, 2017	2036		1,117		-		-		1,117
			5,660		(1,428)		(971)		3,261
Acquired NOL - Strive
December 31, 2018	No Expiration		947		(295)		(652)		-
December 31, 2019	No Expiration		869		-		(869)		-
December 31, 2020	No Expiration		1,133		-		(160)		973
April 25, 2021	No Expiration		553		-		-		553
			3,502		(295)		(1,681)		1,526

August 31, 2022	No Expiration		40,996		-		(27,790)		13,206
		$	50,158	$	(1,723)	$	(30,442)	$	17,993

Certain operating loss carryforwards in the table above were obtained through the fiscal 2017 acquisition of Jhana Education (Jhana) and the fiscal 2021 acquisition of Strive (Note 3).

We have U.S. state net operating loss carryforwards generated in fiscal 2009 and before in various jurisdictions that expire primarily between September 1, 2023 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 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. The state net operating loss carryforwards generated in fiscal 2022 primarily expire on August 31, 2042.

Our U.S. foreign income tax credit carryforwards were comprised of the following at August 31, 2023 (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
2018	2028	$	1,727	$	(965)	$	(21)	$	-	$	741
2019	2029		1,578		(234)		-		-		1,344
2020	2030		1,010		(147)		(18)		-		845
2022	2032		1,216		-		(25)		-		1,191
2023	2033		1,061		-		-		(929)		132
		$	6,592	$	(1,346)	$	(64)	$	(929)	$	4,253

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 fiscal 2020. The remaining valuation allowance at August 31, 2021 related primarily to the foreign tax credit carryforward from fiscal 2011, which we expected to expire in fiscal 2022, and losses of certain foreign subsidiaries. During fiscal 2022 we were able to utilize the foreign tax credit carryforward from 2011. The remaining valuation allowance at August 31, 2022 related primarily to the losses of certain foreign subsidiaries. During fiscal 2023 we reversed the valuation allowance for certain foreign subsidiaries and increased the valuation allowance for certain other foreign subsidiaries, resulting in a net decrease in our total valuation allowance. The remaining valuation allowance at August 31, 2023 relates primarily to the losses of certain foreign subsidiaries which we currently expect will expire unused.

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



YEAR ENDED
AUGUST 31,		2023		2022		2021
Beginning balance	$	1,685	$	4,530	$	15,076
Charged to costs and expenses		212		683		394
Deductions		(584)		(3,528)		(10,940)
Ending balance	$	1,313	$	1,685	$	4,530

Except for the deferred tax assets subject to valuation allowances, we have determined that projected future taxable income will be 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, 2023.

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



YEAR ENDED
AUGUST 31,		2023		2022		2021
Beginning balance	$	1,597	$	1,594	$	1,640
Additions based on tax positions
related to the current year		188		77		349
Additions for tax positions in
prior years		290		207		79
Reductions for tax positions of prior
years resulting from the lapse of
applicable statute of limitations		(186)		-		(188)
Other reductions for tax positions of
prior years		(271)		(281)		(286)
Ending balance	$	1,618	$	1,597	$	1,594

The total amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate is $1.3 million at each of August 31, 2023 and 2022. Included in the ending balance of gross unrecognized tax benefits at August 31, 2023 is $1.2 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 our income tax expense by $0.1 million in each of fiscal 2023 and 2022 and had an insignificant effect on our income taxes in fiscal 2021. The balance of interest and penalties included in other long-term liabilities on our consolidated balance sheets was $0.4 million on August 31, 2023 and $0.3 million on August 31, 2022. During the next 12 months, we expect an immaterial change in our 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.

2016-2023	Australia, Canada, and Japan
2016-2023	China
2018-2023	Germany, Switzerland, and Austria
2019-2023	United Kingdom, Singapore
2019-2023	United States – state and local income tax
2020-2023	United States – federal income tax

- Definition

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

+ References

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+ Details

Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Related Party Transaction [Line Items]
Sales to External Customers	$ 280,521	$ 262,841	$ 224,168
Stephen M.R. Covey [Member] \| Intellectual Property [Member]
Related Party Transaction [Line Items]
Royalty payments	1,700	1,800	1,500
Son Of The Former Vice-Chairman Of The Board Of Directors [Member] \| Speaking Fees [Member]
Related Party Transaction [Line Items]
Royalty payments	1,400	800	600
Accrued royalties payable		300
Son Of The Former Vice-Chairman Of The Board Of Directors [Member] \| Sales Of Books [Member]
Related Party Transaction [Line Items]
Royalty payments	100	100	100
Accrued royalties payable	100	100
Brother Of Member Of Executive Management Team [Member]
Related Party Transaction [Line Items]
Payable to FCOP	$ 200	$ 300	$ 800

Income Taxes (Income From Continuing Operations Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Income Taxes [Abstract]
United States	$ 23,574	$ 21,152	$ 6,834
Foreign	2,295	912	(759)
Income before income taxes	$ 25,869	$ 22,064	$ 6,075

- Definition

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

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Information (Schedule Of Segment Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Segment Reporting Information [Line Items]
Sales to External Customers	$ 280,521	$ 262,841	$ 224,168
Gross Profit	213,490	201,912	172,902
Adjusted EBITDA	48,066	42,197	27,958
Operating Segments [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	57,498	50,869	36,352
Operating Segments [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	205,666	194,396	168,644
Gross Profit	167,422	157,433	137,143
Adjusted EBITDA	50,072	42,461	31,534
Operating Segments [Member] \| Education Practice [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	69,736	61,852	48,902
Gross Profit	44,418	41,206	32,771
Adjusted EBITDA	7,426	8,408	4,818
Operating Segments [Member] \| Direct Offices [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	194,021	183,845	159,608
Gross Profit	156,915	148,051	129,416
Adjusted EBITDA	44,198	37,497	27,948
Operating Segments [Member] \| International Licensees [Member] \| Enterprise Division [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	11,645	10,551	9,036
Gross Profit	10,507	9,382	7,727
Adjusted EBITDA	5,874	4,964	3,586
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	5,119	6,593	6,622
Gross Profit	1,650	3,273	2,988
Adjusted EBITDA	$ (9,432)	$ (8,672)	$ (8,394)

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, 2023	Aug. 31, 2022	Aug. 31, 2021
Income Taxes [Abstract]
Federal statutory income tax rate	(21.00%)	(21.00%)	(21.00%)
State income taxes, net of federal effect	(4.70%)	(3.90%)	(1.60%)
Valuation allowance	1.40%	12.90%	173.60%
Foreign tax credit carryforward reduction	(0.30%)		(13.00%)
Executive stock options			7.70%
Foreign jurisdictions tax differential	(0.20%)	(1.10%)	(4.00%)
Tax differential on income subject to both U.S. and foreign taxes	(1.40%)	(0.20%)	(0.70%)
Uncertain tax positions	(0.90%)	(0.80%)	(3.00%)
Non-deductible executive compensation	(3.60%)	(5.50%)	(5.80%)
Non-deductible meals and entertainment	(0.70%)	(0.10%)	(0.20%)
Other stock-based compensation	(0.40%)	2.50%
Other	0.50%	0.70%	(7.80%)
Income tax rate	(31.30%)	(16.50%)	124.20%

Segment Information

12 Months Ended

Aug. 31, 2023

Segment Information [Abstract]

Segment Information

17. 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 that serve clients in Japan, China, the United Kingdom, Ireland, Australia, New Zealand, 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, leasing operations, shipping and handling revenues, and certain corporate administrative expenses.

We have determined that the Company’s chief operating decision maker is the CEO, and the primary measurement tool used in business unit performance analysis is Adjusted EBITDA, which may not be calculated as similarly titled amounts 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, 2023		Customers		Gross Profit		EBITDA
Enterprise Division:
Direct offices	$	194,021	$	156,915	$	44,198
International licensees		11,645		10,507		5,874
		205,666		167,422		50,072
Education Division		69,736		44,418		7,426
Corporate and eliminations		5,119		1,650		(9,432)
Consolidated	$	280,521	$	213,490	$	48,066

Fiscal Year Ended
August 31, 2022
Enterprise Division:
Direct offices	$	183,845	$	148,051	$	37,497
International licensees		10,551		9,382		4,964
		194,396		157,433		42,461
Education Division		61,852		41,206		8,408
Corporate and eliminations		6,593		3,273		(8,672)
Consolidated	$	262,841	$	201,912	$	42,197

Fiscal Year Ended
August 31, 2021
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

‎

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



YEAR ENDED
AUGUST 31,		2023		2022		2021
Segment Adjusted EBITDA	$	57,498	$	50,869	$	36,352
Corporate expenses		(9,432)		(8,672)		(8,394)
Consolidated Adjusted EBITDA		48,066		42,197		27,958
Stock-based compensation		(12,520)		(8,286)		(8,617)
Increase in contingent
consideration liabilities		(7)		(68)		(193)
Restructuring costs		(565)		-		-
Gain from insurance settlement		-		-		150
Government COVID assistance		-		-		299
Business acquisition costs		-		-		(300)
Depreciation		(4,271)		(4,903)		(6,190)
Amortization		(4,342)		(5,266)		(5,006)
Income from operations		26,361		23,674		8,101
Interest income		1,091		65		73
Interest expense		(1,583)		(1,675)		(2,099)
Income before income taxes		25,869		22,064		6,075
Benefit (provision) for income taxes		(8,088)		(3,634)		7,548
Net income	$	17,781	$	18,430	$	13,623

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,		2023		2022		2021
Americas	$	233,479	$	218,863	$	182,954
Asia Pacific		28,640		26,835		28,621
Europe/Middle East/Africa		18,402		17,143		12,593
	$	280,521	$	262,841	$	224,168

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 licensing arrangement obtained in fiscal 2020. 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, 2023		Products		Subscriptions		Royalties		Other		Consolidated
Enterprise Division:
Direct offices	$	93,700	$	97,992	$	2,329	$	-	$	194,021
International licensees		428		1,327		9,890		-		11,645
		94,128		99,319		12,219		-		205,666
Education Division		26,803		39,662		3,271		-		69,736
Corporate and eliminations		-		-		1,250		3,869		5,119
Consolidated	$	120,931	$	138,981	$	16,740	$	3,869	$	280,521

Fiscal Year Ended
August 31, 2022
Enterprise Division:
Direct offices	$	93,324	$	88,055	$	2,466	$	-	$	183,845
International licensees		429		1,281		8,841		-		10,551
		93,753		89,336		11,307		-		194,396
Education Division		25,134		34,037		2,681		-		61,852
Corporate and eliminations		-		-		1,194		5,399		6,593
Consolidated	$	118,887	$	123,373	$	15,182	$	5,399	$	262,841

Fiscal Year Ended
August 31, 2021
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

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

Other Geographic Information

At August 31, 2023, we had wholly owned direct offices that serve clients in Australia, New Zealand, China, Japan, the United Kingdom, Ireland, 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,		2023		2022
United States/Canada	$	25,538	$	24,179
China		1,504		1,375
Japan		1,024		983
United Kingdom		782		425
Germany, Switzerland, and Austria		223		102
Australia		100		155
	$	29,171	$	27,219

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

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

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

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

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

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

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

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

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

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

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

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

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

+ Details

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 17,781	$ 18,430	$ 13,623
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,613	10,169	11,196
Amortization of capitalized curriculum development costs	3,084	3,354	3,445
Deferred income taxes	4,748	121	(9,790)
Stock-based compensation expense	12,520	8,286	8,617
Change in the fair value of contingent consideration liabilities	7	68	193
Amortization of right-of-use operating lease assets	834	913	1,003
Changes in assets and liabilities, net of effect of acquired businesses:
Increase in accounts receivable, net	(9,452)	(2,406)	(14,266)
Decrease (increase) in inventories	(692)	(1,048)	463
Increase in prepaid expenses and other assets	(88)	(2,692)	(880)
Increase (decrease) in accounts payable and accrued liabilities	(9,541)	4,358	14,372
Increase in deferred revenue	8,806	14,245	19,788
Increase (decrease) in income taxes payable/receivable	(195)	138	273
Decrease in other liabilities	(687)	(1,682)	(1,860)
Net cash provided by operating activities	35,738	52,254	46,177
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(4,515)	(3,177)	(1,602)
Capitalized curriculum development costs	(9,035)	(2,154)	(2,504)
Acquisition of businesses, net of cash acquired			(10,209)
Net cash used for investing activities	(13,550)	(5,331)	(14,315)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from term notes payable financing	7,500
Principal payments on notes payable	(13,335)	(5,835)	(5,000)
Principal payments on financing obligation	(3,199)	(2,887)	(2,600)
Purchases of common stock for treasury	(35,555)	(23,850)	(2,971)
Payment of contingent consideration liabilities	(736)	(1,434)	(1,981)
Cash paid to obtain new credit agreement	(393)
Proceeds from sales of common stock held in treasury	1,539	1,336	1,073
Net cash used for financing activities	(44,179)	(32,670)	(11,479)
Effect of foreign currency exchange rates on cash and cash equivalents	(296)	(1,153)	(103)
Net increase (decrease) in cash and cash equivalents	(22,287)	13,100	20,280
Cash and cash equivalents at beginning of the year	60,517	47,417	27,137
Cash and cash equivalents at end of the year	38,230	60,517	47,417
Supplemental disclosure of cash flow information:
Cash paid for income taxes	3,308	3,210	1,766
Cash paid for interest	1,501	1,655	2,069
Non-cash investing and financing activities:
Purchases of property and equipment financed by accounts payable	$ 548	$ 529	$ 399

Leases (Future Minimum Lease Payments Under Operating Leases) (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 607
2025	179
2026	38
2027	22
2028	7
Thereafter
Total operating lease payments	853
Less imputed interest	(41)
Present value of operating lease liabilities	$ 812

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 3,790	$ 4,492
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	27,056,000	27,056,000
Treasury stock, shares	13,974,000	13,203,000

Fair Value Of Financial Instruments

12 Months Ended

Aug. 31, 2023

Fair Value Of Financial Instruments [Abstract]

Fair Value Of Financial Instruments

12. 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 we 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, 2023 and 2022 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, 2023 or 2022, 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, 2023, our debt obligations consisted primarily of a variable-rate term loan payable and a note payable to the former owners of Strive. Our term loan payable and revolving line of credit are negotiated components of our new 2023 Credit Agreement (Note 6), which was completed in March 2023 and replaced the 2019 Credit Agreement. Since the interest rate for any obligation on our 2023 Credit Agreement is variable, the applicable interest rates and other conditions related to 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

The acquisition price of Jhana Education (Jhana), which was completed in fiscal 2017, included total potential contingent consideration of $7.2 million through a specified measurement period, which lasted through July 2026. We measured the fair value of this contingent consideration liability at each reporting date based on a Monte Carlo simulation model. The fair value of the Jhana contingent consideration was a Level 3 measurement because we estimated consolidated Company and AAP sales over the measurement period. Changes to the fair value of the contingent consideration liabilities were recorded in selling, general, and administrative expenses in the accompanying consolidated income statements and statements of comprehensive income in the period of adjustment. The fair value of the contingent consideration liability from the acquisition of Jhana changed as follows during the fiscal year ended August 31, 2023 (in thousands):



			Change in
AUGUST 31,	2022		Fair Value		Payments		2023
Jhana contingent liability	$	729	$	7	$	(736)	$	-

At August 31, 2023, we have no further contingent consideration payable or other liabilities to the former owners of Jhana.

- Definition

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

+ References + Details

Earnings Per Share (Computation Of Net Income Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Numerator for basic and diluted income per share:
Net income	$ 17,781	$ 18,430	$ 13,623
Denominator for basic and diluted income per share:
Basic weighted average shares outstanding	13,640	14,147	14,090
Effect of dilutive securities:
Stock-based compensation awards	659	408	53
Diluted weighted average shares outstanding	14,299	14,555	14,143
EPS Calculations:
Net income per share: Basic	$ 1.30	$ 1.30	$ 0.97
Net income per share: Diluted	$ 1.24	$ 1.27	$ 0.96

Financing Obligation

12 Months Ended

Aug. 31, 2023

Financing Obligation [Abstract]

Financing Obligation

8. 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,		2023		2022
Financing obligation payable in
monthly installments of $335 at
August 31, 2023, including
principal and interest, with two
percent annual increases
(imputed interest at 7.7%),
through June 2025	$	7,962	$	11,161
Less current portion		(3,538)		(3,199)
Total financing obligation,
less current portion	$	4,424	$	7,962

Future principal maturities of our financing obligation were as follows at August 31, 2023 (in thousands):



YEAR ENDING
AUGUST 31,
2024	$	3,538
2025		4,424
Thereafter		-
	$	7,962

‎

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,
2024	$	4,031
2025		3,301
Thereafter		-
Total future minimum financing
obligation payments		7,332
Less interest		(682)
Present value of future minimum
financing obligation payments	$	6,650

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 eliminated from our consolidated financial statements.

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Current assets:
Cash and cash equivalents	$ 38,230	$ 60,517
Accounts receivable, less allowance for doubtful accounts of $3,790 and $4,492	81,935	72,561
Inventories	4,213	3,527
Prepaid expenses	4,401	4,711
Other current assets	16,238	14,567
Total current assets	145,017	155,883
Property and equipment, net	10,039	9,798
Intangible assets, net	40,511	44,833
Goodwill	31,220	31,220
Deferred income tax assets	1,661	4,686
Other long-term assets	17,471	12,735
Total assets	245,919	259,155
Current liabilities:
Current portion of notes payable	5,835	5,835
Current portion of financing obligation	3,538	3,199
Accounts payable	6,501	10,864
Deferred subscription revenue	95,386	85,543
Other deferred revenue	12,137	14,150
Accrued liabilities	28,252	34,205
Total current liabilities	151,649	153,796
Notes payable, less current portion	1,535	7,268
Financing obligation, less current portion	4,424	7,962
Other liabilities	7,617	7,116
Deferred income tax liabilities	2,040	199
Total liabilities	167,265	176,341
Commitments and contingencies (Note 10)
Shareholders’ equity:
Common stock, $.05 par value; 40,000 shares authorized, 27,056 shares issued	1,353	1,353
Additional paid-in capital	232,373	220,246
Retained earnings	99,802	82,021
Accumulated other comprehensive loss	(987)	(542)
Treasury stock at cost, 13,974 shares and 13,203 shares	(253,887)	(220,264)
Total shareholders’ equity	78,654	82,814
Total liabilities and shareholders' equity	$ 245,919	$ 259,155

Commitments And Contingencies (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 01, 2020	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
HPE outsourcing contract, fixed charge per month	$ 102
HPE outsourcing contract, expiration date		Sep. 30, 2023
HPE outsourcing contract, expense		$ 2,700	$ 2,500	$ 2,100
Cost of sales		67,031	60,929	51,266
Purchase commitments		3,300
Amount drawn on letters of credit		0	0
Financial Standby Letter of Credit [Member]
Letter of credit		10	10
Cargo And Freight [Member]
Cost of sales		$ 1,900	$ 1,700	$ 1,400

Acquisition of Strive Talent, Inc. (Schedule Of Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022	Apr. 26, 2021
Business Acquisition, Contingent Consideration [Line Items]
Goodwill	$ 31,220	$ 31,220
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
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

Intangible Assets And Goodwill (Amortization Expense For Intangible Assets Over The Next Five Years) (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Intangible Assets And Goodwill [Abstract]
2024	$ 4,200
2025	4,030
2026	3,945
2027	3,110
2028	$ 1,169

Stock-Based Compensation Plans (Unvested Stock Award) (Details) - Unvested Stock Awards [Member]	12 Months Ended
	Aug. 31, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock awards, Number of Shares \| shares	13,260
Granted, Number of Shares \| shares	15,882
Forfeited, Number of Shares \| shares
Vested, Number of Shares \| shares	(13,260)
Unvested stock awards, Number of Shares \| shares	15,882
Restricted stock awards, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 49.78
Granted, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	45.34
Forfeited, Weighted-Average Grant Date Fair Value Per Share \| $ / shares
Vested, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	49.78
Restricted stock awards, Weighted-Average Grant Date Fair Value Per Share \| $ / shares	$ 45.34

Nature Of Operations And Summary Of Significant Accounting Policies (Components Of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Nature Of Operations And Summary Of Significant Accounting Policies [Abstract]
Accrued compensation	$ 17,974	$ 20,608
Other accrued liabilities	10,278	13,597
Accrued liabilities	$ 28,252	$ 34,205

Intangible Assets And Goodwill

12 Months Ended

Aug. 31, 2023

Intangible Assets And Goodwill [Abstract]

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, 2023		Amount		Amortization		Amount
Finite-lived intangible assets:
Acquired content	$	49,802	$	(43,910)	$	5,892
License rights		31,758		(25,461)		6,297
Customer lists		15,982		(15,272)		710
Acquired technology		7,282		(3,200)		4,082
Trade names		1,883		(1,408)		475
Non-compete agreements and other		930		(875)		55
		107,637		(90,126)		17,511
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	130,637	$	(90,126)	$	40,511

AUGUST 31, 2022
Finite-lived intangible assets:
Acquired content	$	49,964	$	(42,501)	$	7,463
License rights		32,077		(24,401)		7,676
Customer lists		16,140		(15,028)		1,112
Acquired technology		7,282		(2,479)		4,803
Trade names		1,883		(1,231)		652
Non-compete agreements and other		930		(803)		127
		108,276		(86,443)		21,833
Indefinite-lived intangible asset:
Covey trade name		23,000		-		23,000
	$	131,276	$	(86,443)	$	44,833

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, 2023 were as follows:


Category of Intangible Asset	Range of Remaining Estimated Useful Lives	Weighted Average Original Amortization Period
Acquired content	3 to 4 years	24 years
License rights	4 to 6 years	26 years
Customer lists	1 to 4 years	11 years
Acquired technology	6 years	6 years
Trade names	3 years	5 years
Non-compete agreements and other	4 to 6 years	3 years

Our aggregate amortization expense from finite-lived intangible assets totaled $4.3 million, $5.3 million, and $5.0 million for the fiscal years ended August 31, 2023, 2022, and 2021. Amortization expense from our intangible assets over the next five years is expected to be as follows (in thousands):



YEAR ENDING
AUGUST 31,
2024	$	4,200
2025		4,030
2026		3,945
2027		3,110
2028		1,169

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 performed our annual testing of goodwill in accordance with our accounting policies described in Note 1, Nature of Operations and Summary of Significant Accounting Policies. We completed a Step Zero assessment as of August 31, 2023 and concluded there were no indicators of impairment. We do not have any accumulated impairment charges against the carrying value of our goodwill. At each of August 31, 2023 and 2022, goodwill was allocated to our segments as shown below (in thousands):



Direct offices	$	22,962
International licensees		5,928
Education practice		2,330
	$	31,220

Revenue Recognition

12 Months Ended

Aug. 31, 2023

Revenue Recognition [Abstract]

Revenue Recognition

2. REVENUE RECOGNTION

We earn revenue from contracts with customers primarily through the delivery of our All Access Pass and the Leader in Me membership subscription offerings, through the delivery of training days and training course materials (whether digitally or in person), and through the licensing of rights to sell our content into geographic locations where the Company does not maintain a direct office. We also earn revenues from leasing arrangements that are not accounted for under Topic 606. Returns and refunds are generally immaterial, and we do not have any significant warranty obligations.

We recognize revenue upon the transfer of control of promised products and services to customers in an amount equal to the consideration we expect to receive in exchange for those products or services. Although rare, if the consideration promised in a contract includes variable amounts, we evaluate the estimate of variable consideration to determine whether the estimate needs to be constrained. We include the variable consideration in the transaction price only to the extent that it is probable a significant reversal of the amount of cumulative revenue recognized will not occur.

The Company determines the amount of revenue to be recognized through application of the following steps:

Identification of the contract with a customer

Identification of the performance obligations in the contract

Determination of the transaction price

Allocation of the transaction price to the performance obligations in the contract

Recognition of revenue when the Company satisfies the performance obligations

Taxes assessed by a government authority that are collected from a customer are excluded from net revenue.

Subscription Revenues

Subscription revenues primarily relate to the Company’s AAP and the Leader in Me membership offerings. We have determined that it is most appropriate to account for the AAP as a single performance obligation and recognize the associated transaction price ratably over the term of the underlying contract beginning on the commencement date of each

contract, which is the date the Company’s platforms and resources are made available to the customer. This determination was reached after considering that our web-based functionality and content, in combination with our intellectual property, each represent inputs that transform into a combined output that represents the intended outcome of the AAP, which is to provide a continuously accessible, customized, and dynamic learning and development solution only accessible through the AAP platform.

We typically invoice our customers annually upon execution of the contract or subsequent renewals. Amounts that have been invoiced are recorded in accounts receivable and in unearned revenue or revenue, depending on whether transfer of control has occurred.

Our Leader in Me membership offering is bifurcated into a portal membership obligation and a coaching delivery obligation. We have determined that it is appropriate to recognize revenue related to the portal membership over the term of the underlying contract and to recognize revenue from coaching as those services are performed. The combined contract amount is recorded in deferred subscription revenue until the performance obligations are satisfied. Any additional coaching or training days which are contracted independent of a Leader in Me membership are recorded as revenue in accordance with our general policy for services and products as described below.

Services and Products

We deliver Company-led training days from our offerings, such as The 7 Habits of Highly Effective People, at a customer’s location or live-online based upon a daily consultant rate and a set price for training materials. These revenues are recognized as the training days occur and the services are performed. Customers also have the option to purchase training materials and present our offerings through internal facilitators and not through the use of a Franklin Covey consultant. Revenue is recognized from these product sales when the materials are shipped. Shipping revenues associated with product sales are recorded in revenue with the corresponding shipping cost being recorded as a component of cost of sales.

Royalties

Our international strategy includes the use of licensees in countries where we do not have a wholly-owned direct office. Licensee companies are unrelated entities that have been granted a license to translate our content and offerings, adapt the content to the local culture, and sell our content in a specific country or region. We recognize revenue on the upfront fees from the sale of a territory to a licensee over the term of the initial contract. Licensees are then required to pay us royalties based upon a percentage of their sales to clients. We recognize royalty income each reporting period based upon the sales information reported to us from our licensees. When sales information is not received from a particular licensee at the end of a reporting period, the Company estimates the amount of royalties to be received for the period that is being reported based upon prior forecasts and historical performance. These estimated royalties are recorded as revenue and are adjusted in the subsequent period. Refer to the disaggregated revenue information presented in Note 17, Segment Information, for our royalty revenues in the fiscal years presented in this report.

Contracts with Multiple Performance Obligations

We periodically enter into contracts that include multiple performance obligations. A performance obligation is a promise in a contract to transfer products or services that are distinct, or that are distinct within the context of the contract. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when the performance obligation is satisfied. Determining whether products and services meet the distinct criteria that should be accounted for separately or combined as one unit of accounting requires significant judgment.

When determining whether goods and services meet the distinct criteria, we consider various factors for each agreement including the availability of the services and the nature of the offerings and services. We allocate the transaction price to each performance obligation on a relative standalone selling price (SSP) basis. Judgment is required to determine the SSP for each distinct performance obligation. The SSP is the price which the Company would sell a promised product or service separately to a customer. In determining the SSP, we consider the size and volume of transactions, price lists,

historical sales, and contract prices. We may modify our pricing from time-to-time in the future, which could result in changes to the SSP.

Contract Balances

As described above, our subscription revenue is generally recognized ratably over the term of the underlying contract beginning on the commencement date of each agreement. The timing of when these contracts are invoiced, cash is collected, and revenue is recognized impacts our accounts receivable and deferred subscription revenue accounts. We generally bill our clients in advance for subscription offerings or within the month that the training and products are delivered. As such, consideration due to the Company for work performed is included in accounts receivable and we do not have a significant amount of contract assets. Our receivables are generally collected within 30 to 150 days but typically no longer than 12 months. Deferred subscription revenue primarily consists of billings or payments received in advance of revenue being recognized from our subscription offerings. Furthermore, our clients, to expend funds in a particular budget cycle, may prepay for services or products which are a component of our other deferred revenue. Our deferred subscription revenue and our other deferred revenue totaled $111.2 million at August 31, 2023 and $102.4 million at August 31, 2022, of which $3.7 million and $2.7 million were classified as components of other long-term liabilities at August 31, 2023 and August 31, 2022, respectively. The amount of deferred revenue that was generated from subscription offerings totaled $99.0 million at August 31, 2023 and $88.1 million at August 31, 2022. During the fiscal years ended August 31, 2023 and 2022, we recognized $139.0 million and $123.1 million of previously deferred subscription revenue.

Remaining Performance Obligations

When possible, we enter into multi-year non-cancellable contracts which are invoiced either upon execution of the contract or at the beginning of each annual contract period. Our remaining performance obligation represents contracted revenue that has not yet been recognized, including unearned revenue and unbilled amounts that will be recognized as revenue in future periods. Transaction price is influenced by factors such as seasonality, the average length of the contract term, and the ability of the Company to continue to enter multi-year non-cancellable contracts. At August 31, 2023 we had $186.4 million of remaining performance obligations, including $99.0 million of deferred revenue related to our subscription offerings. The remaining performance obligation does not include other deferred revenue as amounts included in other deferred revenue include items such as deposits that are generally refundable at the client’s request prior to the satisfaction of the obligation.

Costs Capitalized to Obtain Contracts

We capitalize the incremental costs of obtaining non-cancellable subscription revenue, primarily from the All Access Pass and the Leader in Me membership offerings. These incremental costs consist of sales commissions paid to our sales force and include the associated payroll taxes and fringe benefits. As the same commission rates are paid annually when the customer renews their contract, the capitalized commission costs are generally amortized ratably on an annual basis consistent with the recognition of the corresponding subscription revenue. At August 31, 2023, we have $15.3 million of capitalized direct commissions, of which $14.4 million is included in other current assets and $0.9 million is in other long-term assets based on the expected recognition of the commission expense. During the fiscal year ended August 31, 2023, we capitalized $23.5 million of commission costs to obtain revenue contracts and amortized $22.0 million of deferred commissions to selling, general, and administrative expense. At August 31, 2022, we had $13.8 million of capitalized direct commissions, of which $12.6 million was included in other current assets and $1.2 million in other long-term assets.

Refer to Note 17, Segment Information, to these consolidated financial statements for our disaggregated revenue information.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Stock-Based Compensation Plans (Total Cost Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 12,520	$ 8,286	$ 8,617
Performance Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	10,767	6,133	7,298
Strive Acquisition Compensation [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	739	1,196	354
Unvested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	700	673	700
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	269	239	205
Fully Vested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 45	$ 45	$ 60

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Employee Benefit Plans

12 Months Ended

Aug. 31, 2023

Employee Benefit Plans [Abstract]

Employee Benefit Plans

14. EMPLOYEE BENEFIT 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 $3.0 million, $2.7 million, and $2.5 million during the fiscal years ended August 31, 2023, 2022, and 2021, respectively. We do not sponsor or participate in any defined-benefit pension plans.

Nature Of Operations And Summary Of Significant Accounting Policies (Useful Life Of Property And Equipment) (Details)	Aug. 31, 2023
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

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Deferred revenue	$ 111.2	$ 102.4
Remaining performance obligations	186.4
Other Long-Term Liabilities [Member]
Deferred revenue	$ 3.7	2.7
Minimum [Member]
Receivables collection period	30 days
Maximum [Member]
Receivables collection period	150 days
Direct Sales Commissions [Member]
Capitalized contract cost	$ 15.3	13.8
Direct Sales Commissions [Member] \| Other Current Assets [Member]
Capitalized contract cost	14.4	12.6
Direct Sales Commissions [Member] \| Other Long-Term Liabilities [Member]
Capitalized contract cost	0.9	1.2
Obtain Revenue Contracts [Member]
Capitalized contract cost	23.5
Selling, General, And Administrative Expense [Member]
Capitalized contract cost, amortized	22.0
Subscription Offerings [Member]
Deferred revenue	99.0	88.1
Subscription [Member]
Deferred revenue recognized	$ 139.0	$ 123.1

Shareholders' Equity (Narrative) (Details) - USD ($) $ in Millions		12 Months Ended
	Feb. 14, 2023	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
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
Shares withheld for tax		17,639
Shares withheld for tax, fair value		$ 0.8
Stock repurchased during period, shares	50,000,000.0		499,411
Common Stock [Member]
Class of Stock [Line Items]
Shares withheld for tax				147,092
Shares withheld for tax, fair value				$ 3.0
Open Market Purchases [Member]
Class of Stock [Line Items]
Shares withheld for tax			86,125
Shares withheld for tax, fair value			$ 3.5
Purchase of treasury shares		$ 34.7	$ 20.3
Stock repurchased during period, shares		867,873
Upon Approval of Purchase Plan [Member]
Class of Stock [Line Items]
Purchase of treasury shares		$ 34.3
Stock repurchased during period, shares		857,608

Segment Information (Reconciliation Of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ 48,066	$ 42,197	$ 27,958
Stock-based compensation	(12,520)	(8,286)	(8,617)
Increase in contingent consideration liabilities	(7)	(68)	(193)
Restructuring costs	(565)
Gain from insurance settlement			150
Government COVID-19 assistance			299
Business acquisition costs			(300)
Depreciation	(4,271)	(4,903)	(6,190)
Amortization	(4,342)	(5,266)	(5,006)
Income from operations	26,361	23,674	8,101
Interest income	1,091	65	73
Interest expense	(1,583)	(1,675)	(2,099)
Income before income taxes	25,869	22,064	6,075
Benefit (provision) for income taxes	(8,088)	(3,634)	7,548
Net income	17,781	18,430	13,623
Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	57,498	50,869	36,352
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ (9,432)	$ (8,672)	$ (8,394)

Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Beginning balance, shares at Aug. 31, 2020	27,056,000				13,175,000
Beginning balance at Aug. 31, 2020	$ 1,353	$ 211,920	$ 49,968	$ 641	$ (204,429)
Issuance of common stock from treasury, shares					405,000
Issuance of common stock from treasury		(5,213)			$ 6,286
Purchase of common shares for treasury, shares					(147,000)
Purchase of common shares for treasury					$ (2,971)
Unvested share award, shares					28,000
Unvested share award		(436)			$ 436
Stock-based compensation		8,617
Cumulative translation adjustments				68		$ 68
Net income			13,623			13,623
Ending balance, shares at Aug. 31, 2021	27,056,000				12,889,000
Ending balance at Aug. 31, 2021	$ 1,353	214,888	63,591	709	$ (200,678)
Issuance of common stock from treasury, shares					258,000
Issuance of common stock from treasury		(2,719)			$ 4,055
Purchase of common shares for treasury, shares					(585,000)
Purchase of common shares for treasury					$ (23,850)
Unvested share award, shares					13,000
Unvested share award		(209)			$ 209
Stock-based compensation		8,286
Cumulative translation adjustments				(1,251)		(1,251)
Net income			18,430			18,430
Ending balance, shares at Aug. 31, 2022	27,056,000				(13,203,000)
Ending balance at Aug. 31, 2022	$ 1,353	220,246	82,021	(542)	$ (220,264)	$ 82,814
Ending balance, shares, Treasury at Aug. 31, 2022						(13,203,000)
Issuance of common stock from treasury, shares					98,000	114,214
Issuance of common stock from treasury		(127)			$ 1,666
Purchase of common shares for treasury, shares					(885,000)
Purchase of common shares for treasury					$ (35,555)
Unvested share award, shares					16,000
Unvested share award		(266)			$ 266
Stock-based compensation		12,520
Cumulative translation adjustments				(445)		$ (445)
Net income			17,781			17,781
Ending balance, shares at Aug. 31, 2023	27,056,000				(13,974,000)
Ending balance at Aug. 31, 2023	$ 1,353	$ 232,373	$ 99,802	$ (987)	$ (253,887)	$ 78,654
Ending balance, shares, Treasury at Aug. 31, 2023						(13,974,000)

Secured Credit Agreement (Tables)

12 Months Ended

Aug. 31, 2023

Secured Credit Agreement [Abstract]

Ratio Of Funded Debt To Adjusted EBITDA



Leverage Ratio		Interest Rate
Less than 1.00		SOFR plus 1.50%
Between 1.00 and 2.00		SOFR plus 1.75%
Between 2.01 and 2.50		SOFR plus 2.25%
Greater than 2.51		SOFR plus 2.75%

Notes Payable (Balances And Classification Of Notes Payable) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Debt Instrument [Line Items]
Current Portion of Notes Payable	$ 5,835	$ 5,835
Notes Payable, less Current Portion	1,535	7,268
Term Notes [Member]
Debt Instrument [Line Items]
Current Portion of Notes Payable	5,000	5,000
Notes Payable, less Current Portion		5,000
Strive Note [Member]
Debt Instrument [Line Items]
Current Portion of Notes Payable	835	835
Notes Payable, less Current Portion	$ 1,535	$ 2,268

- Definition

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

+ References

+ Details

Secured Credit Agreement (Narrative) (Details) - The 2023 Credit Agreement [Member] - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Mar. 27, 2023
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 70,000,000.0
Maturity date	Mar. 27, 2028
Unused credit commitment fee	0.20%
Interest rate	6.90%
Interest rate on term loan		4.20%
Revolving Line Of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 62,500,000
Line of credit	$ 0	$ 0
Term Loan [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 7,500,000
Frequency of periodic payment	quarterly principal payments
Quarterly principal payment amount	$ 1,250,000
Minimum [Member]
Debt Instrument [Line Items]
Fixed Charge Coverage Ratio	1.15
Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio	3.00

Stock-Based Compensation Plans

12 Months Ended

Aug. 31, 2023

Stock-Based Compensation Plans [Abstract]

Stock-Based Compensation Plans

13. 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, unvested 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 14, 2022, our shareholders approved the Franklin Covey Co. 2022 Omnibus Incentive Plan (the 2022 Plan), which authorized an additional 1,000,000 shares of common stock for issuance as stock-based payments. A more detailed description of the 2022 Plan is set forth in our Definitive Proxy Statement filed with the SEC on December 15, 2021. At August 31, 2023, the 2022 Plan had approximately 594,000 shares available for future grants.

Our 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, 2023, we had approximately 733,000 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,		2023		2022		2021
Performance awards	$	10,767	$	6,133	$	7,298
Strive acquisition compensation		739		1,196		354
Unvested stock awards		700		673		700
Compensation cost of the ESPP		269		239		205
Fully vested stock awards		45		45		60
	$	12,520	$	8,286	$	8,617

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 2023, we issued 114,214 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 17,639 shares of our common stock, with a fair value of $0.8 million, for statutory income taxes during fiscal 2023.

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 nearly all LTIP award tranches based on qualified Adjusted EBITDA for outstanding LTIP awards 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. 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 the periods presented in this report, 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. Based on current estimates and projections, we have $11.1 million of unrecognized compensation expense related to our performance awards at August 31, 2023. The following descriptions of our performance-based awards as of August 31, 2023 were adjusted for forfeitures.

Fiscal 2023 LTIP Award – On October 14, 2022, the Compensation Committee granted a new LTIP award to our executive officers and members of senior management. The fiscal 2023 LTIP award was subsequently expanded with new grants for additional participants, which are expensed based on the market value of our common stock on the date of the grants. The fiscal 2023 LTIP award has two tranches, which consist of: 1) shares that vest after three years of service and 2) shares that vest based on the highest amount of rolling four quarter qualified Adjusted EBITDA earned in the three years ended August 31, 2025. 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 26,682 shares. The number of shares that vest to participants for the amount of qualified Adjusted EBITDA achieved through August 31, 2025 is variable and may be 50 percent of the award or up to 200 percent of the participant’s award depending on the amount of qualified Adjusted EBITDA achieved. The number of shares that may be earned for achieving 100 percent of the performance-based objective totals 80,018 shares. The maximum number of shares that may be awarded in connection with the performance-based tranche of the 2023 LTIP totals 160,036 shares.

Fiscal 2022 LTIP Award – On February 4, 2022, the Compensation Committee granted an LTIP award to our executive officers and members of senior management. The fiscal 2022 LTIP award has two tranches, which consist of: 1) shares that vest after three years of service and 2) shares that vest based on the highest amount of rolling four quarter qualified Adjusted EBITDA in the three years ended August 31, 2024. 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 24,138 shares. The number of shares that vest to participants for the amount of qualified Adjusted EBITDA achieved through August 31, 2024 is variable and may be 50 percent of the award or up to 200 percent of the participant’s award depending on the amount of qualified Adjusted EBITDA achieved. The number of shares that may be earned for achieving 100 percent of the performance-based objective totals 72,397 shares.

The maximum number of shares that may be awarded in connection with the performance-based tranche of the 2022 LTIP totals 144,794 shares.

Fiscal 2021 LTIP Award – On October 2, 2020, the Compensation Committee of the Board of Directors granted an LTIP award to our executive officers and members of senior management. The fiscal 2021 LTIP award had two tranches, which consisted of: 1) shares that vest after three years of service and 2) shares that vest based on the amount of rolling four quarter qualified Adjusted EBITDA achieved in the three-year measurement period ended August 31, 2023. Twenty-five percent of each participant’s award vested on August 31, 2023, after three years of service. We issued a total of 51,617 shares for this tranche of the 2021 LTIP award. We achieved the maximum payout parameter for the qualified Adjusted EBITDA tranche of the fiscal 2021 LTIP award and issued 309,660 shares of our common stock during the first quarter of fiscal 2024 to participants in the fiscal 2021 LTIP.

Fiscal 2020 LTIP Award – On October 18, 2019, the Compensation Committee 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 each participant’s award vested on August 31, 2022, after three years of service. We issued a total of 23,701 shares for the time-based tranche of the 2020 LTIP award. 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. As described above, the qualified Adjusted EBITDA vesting targets for the fiscal 2020 LTIP were increased by $2.0 million and the measurement period of the variable award tranches was extended to August 31, 2024. The number of shares that will vest to participants for these two tranches is variable and may be 50 percent of the award or up to 200 percent of the participant’s award. The number of shares that may be earned for achieving 100 percent of the performance-based objective totals 70,577 shares and the maximum number of shares that may be awarded in connection with these tranches currently totals 141,154 shares.

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 had three tranches, which consisted of the following: 1) shares that vest after three years of service; 2) shares that vest based on the amount of qualified Adjusted EBITDA achieved in the measurement period; and 3) shares that vest based on the amount of subscription service sales achieved in the measurement period. Twenty-five percent of each participant’s award vested on August 31, 2021, after three years of service. We issued a total of 34,605 shares for the time-based tranche of the 2019 LTIP award. The remaining two tranches of the fiscal 2019 award were 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. During fiscal 2021, the fiscal 2019 LTIP award was modified by increasing the qualified Adjusted EBITDA vesting targets by $2.0 million and extending the measurement period by two years to August 31, 2023. We achieved the maximum payout parameters for the variable tranches of the fiscal 2019 LTIP award and issued 204,418 shares of our common stock during the first quarter of fiscal 2024 to participants in the 2019 LTIP.

Long-Term Incentive and Retention Equity Awards - On October 14, 2022, the Compensation Committee approved a new long-term incentive award, included in the LTIP award program, for client partners, managing client partners, managing directors, and certain other associates that management believes are critical to our long-term success. For sales-related personnel, their award amounts are based upon meeting minimum sales levels and determining the value of the award based on their total sales performance for the fiscal year. For the other associates, their award amount was approved by the Compensation Committee. One-third of these award shares vest each year over a three-year service period. During fiscal 2023, this award program granted 40,009 shares to eligible associates. These awards are expected to be granted annually by the Compensation Committee to retain these key associates.

Strive Acquisition Compensation – We structured two parts of the consideration for the fiscal 2021 acquisition of Strive (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 $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 measurement period. 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. Through August 31, 2023, we have recognized $1.5 million of share-based compensation expense for the Strive contingent consideration payments.

Bonus Payments – Approximately $1.0 million was payable 18 months following the Closing Date to stockholders and option holders of Strive who were still employed by us as of the 18-month date, subject to certain exceptions. We expensed these awards evenly over the 18-month service period and recognized $0.8 million of share-based compensation expense for these awards, which were paid in October 2022.

We have reserved 200,000 shares of our common stock from our 2019 Omnibus Plan for payment of this consideration related to the acquisition of Strive.

Unvested Stock Awards

The annual Board of Director unvested stock award, which is administered under the terms of the Franklin Covey Co. Omnibus Incentive Plans, 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 as part of their compensation. For fiscal 2023, each eligible director received a whole-share grant equal to $120,000 with a one-year vesting period. The Board of Director unvested awards are generally granted in January (following the Annual Shareholders’ Meeting) of each year, and 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 15,882 shares, 13,260 shares, and 28,049 shares of our common stock to eligible members of the Board of Directors during fiscal 2023, fiscal 2022, and fiscal 2021 as unvested stock awards. The fair value of shares awarded to the directors was $0.7 million in each of fiscal 2023, fiscal 2022, and fiscal 2021 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 $0.3 million in fiscal 2023, $0.2 million in fiscal 2022, and $0.4 million in fiscal 2021. The following information applies to our unvested stock awards for the fiscal year ended August 31, 2023:



			Weighted-
			Average Grant-
			Date Fair
	Number of		Value Per
	Shares		Share
Unvested stock awards at
August 31, 2022	13,260	$	49.78
Granted	15,882		45.34
Forfeited	-		-
Vested	(13,260)		49.78
Unvested stock awards at
August 31, 2023	15,882	$	45.34

At August 31, 2023, there was $0.2 million of unrecognized compensation cost left on our unvested stock awards, which is expected to be recognized over the remaining service period of approximately four months. The total recognized income tax benefit from unvested stock awards totaled $0.2 million for each of the years ended August 31, 2023, 2022, and 2021. The intrinsic value of our unvested stock awards at August 31, 2023 was $0.7 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. After these stock options were exercised, we do not have any remaining stock options outstanding. These stock options were exercised on a net basis, meaning no cash was paid to exercise the options. For the 218,750 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.

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 40,141 shares, 36,960 shares, and 51,581 shares of our common stock during the fiscal years ended August 31, 2023, 2022, and 2021, which had a corresponding cost basis of $0.7 million in fiscal 2023, $0.6 million in fiscal 2022, and $0.8 million in fiscal 2021. We received cash proceeds for these shares from ESPP participants totaling $1.5 million in fiscal 2023; $1.3 million in fiscal 2022; and $1.1 million during fiscal 2021.

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. Three individuals qualified for these awards in each of fiscal 2023 and fiscal 2022 and four individuals qualified for these awards in the fiscal year ended August 31, 2021.

Intangible Assets And Goodwill (Schedule Of Allocated Goodwill To Reportable Operating Segments) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022	Apr. 26, 2021
Goodwill [Line Items]
Goodwill	$ 31,220	$ 31,220
Direct Offices [Member]
Goodwill [Line Items]
Goodwill	22,962	22,962
International Licensees [Member]
Goodwill [Line Items]
Goodwill	5,928	5,928
Education Practice [Member]
Goodwill [Line Items]
Goodwill	$ 2,330	$ 2,330
Strive [Member]
Goodwill [Line Items]
Goodwill			$ 7,000

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

- Definition

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

+ References

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+ Details

Earnings Per Share (Tables)

12 Months Ended

Aug. 31, 2023

Earnings Per Share [Abstract]

Computation Of Net Income Per Share



YEAR ENDED
AUGUST 31,		2023		2022		2021
Numerator for basic and
diluted earnings per share:
Net income	$	17,781	$	18,430	$	13,623

Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		13,640		14,147		14,090
Effect of dilutive securities:
Stock-based compensation
awards		659		408		53
Diluted weighted average shares
outstanding		14,299		14,555		14,143

EPS Calculations:
Net income per share:
Basic	$	1.30	$	1.30	$	0.97
Diluted		1.24		1.27		0.96

Notes Payable (Future Principal Payments By Fiscal Year) (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Debt Instrument [Line Items]
2024	$ 5,835
2025	835
2026	835
Total	7,505
Term Notes [Member]
Debt Instrument [Line Items]
2024	5,000
Total	5,000
Strive Note [Member]
Debt Instrument [Line Items]
2024	835
2025	835
2026	835
Total	$ 2,505

- Definition

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

+ References

+ Details

Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Narrative) (Details) - USD ($) $ in Millions	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Lessee, Lease, Description [Line Items]
Lease expense associated with operating leases	$ 1.2	$ 1.5	$ 1.6
Right-of-use operating lease assets obtained in exchange for operating lease liabilities	0.6
Sublease revenue	$ 2.4	$ 3.9	$ 4.0
Minimum [Member]
Lessee, Lease, Description [Line Items]
Remaining operating lease term	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Remaining operating lease term	5 years
Corporate Campus [Member]
Lessee, Lease, Description [Line Items]
Cost basis	$ 37.1
Carrying value	$ 3.0

Stock-Based Compensation Plans (Tables)

12 Months Ended

Aug. 31, 2023

Stock-Based Compensation Plans [Abstract]

Total Cost Of Stock-Based Compensation



YEAR ENDED
AUGUST 31,		2023		2022		2021
Performance awards	$	10,767	$	6,133	$	7,298
Strive acquisition compensation		739		1,196		354
Unvested stock awards		700		673		700
Compensation cost of the ESPP		269		239		205
Fully vested stock awards		45		45		60
	$	12,520	$	8,286	$	8,617

Restricted Stock Award Activity



			Weighted-
			Average Grant-
			Date Fair
	Number of		Value Per
	Shares		Share
Unvested stock awards at
August 31, 2022	13,260	$	49.78
Granted	15,882		45.34
Forfeited	-		-
Vested	(13,260)		49.78
Unvested stock awards at
August 31, 2023	15,882	$	45.34

Segment Information (Long-Lived Assets By Country) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 29,171	$ 27,219
United States/Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	25,538	24,179
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	1,504	1,375
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	1,024	983
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	782	425
Germany, Switzerland, And Austria [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	223	102
Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 100	$ 155

Leases (Future Minimum Lease Payments From Sublease) (Details) $ in Thousands	Aug. 31, 2023 USD ($)
Operating Leases [Abstract]
2024	$ 2,197
2025	1,814
2026
Thereafter
Total	$ 4,011

Stock-Based Compensation Plans (Narrative) (Details) $ in Thousands							3 Months Ended	12 Months Ended
	Oct. 14, 2022 shares	Feb. 04, 2022 shares	Jan. 14, 2022 shares	Oct. 02, 2020 USD ($) shares	Oct. 18, 2019 item shares	Oct. 01, 2018 item shares	Nov. 30, 2023 shares	Aug. 31, 2023 USD ($) item shares	Aug. 31, 2022 USD ($) item shares	Aug. 31, 2021 USD ($) item shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued from treasury stock \| shares								114,214
Shares withheld for tax \| shares								17,639
Shares withheld for tax, fair value								$ 800
Capitalized stock-based compensation expense								0
Compensation cost								$ 12,520	$ 8,286	$ 8,617
Fiscal 2023, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of shares which will vest								33.33%
Number of tranches \| item								2
Vesting period of awards								3 years
Shares issued under terms of the award \| shares								40,009
Fiscal 2022 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item								2
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]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost								$ 1,500
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
Compensation cost								800
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] \| 2022 Omnibus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for payment of consideration \| shares								200,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised \| shares									218,750
Shares withheld for tax \| shares									51,738
Shares withheld for tax, fair value									$ 1,300
Intrinsic value of the exercised options									2,900
Income tax benefit from exercise of the options									700
Income tax benefit upon exercise of the options									500
Unvested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense								$ 200
Whole-share grant per eligible director								$ 120
Vesting period of awards								1 year
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								700
Compensation cost								700	673	700
Issuance of common stock from treasury								300	200	400
Unvested 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 \| shares								15,882	13,260	28,049
Time-Based Award [Member] \| Fiscal 2020 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to be issued \| shares					23,701
Time-Based Award [Member] \| Fiscal 2019 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to be issued \| shares						34,605
Performance Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period				2 years
Increase Adjusted EBITDA vesting target				$ 2,000
Unrecognized compensation expense								$ 11,100
Number of individuals who qualified for award \| item								3	3	4
Compensation cost								$ 10,767	$ 6,133	$ 7,298
Performance Award [Member] \| Fiscal 2023, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted								100.00%
Vesting period of awards	3 years
Shares issued under terms of the award \| shares								80,018
Performance Award [Member] \| 2022 Omnibus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized additional shares of common stock for issuance \| shares			1,000,000
Shares available for future grants \| shares								594,000
Performance Award [Member] \| Fiscal 2022 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards		3 years
Performance Award [Member] \| Fiscal 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards				3 years
Performance Award [Member] \| Fiscal 2020 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase Adjusted EBITDA vesting target								$ 2,000
Shares authorized to be issued \| shares					141,154
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
Percent of performance-based objectives					100.00%
Shares issued under terms of the award \| shares					70,577
Performance Award [Member] \| Fiscal 2019 Long Term Incentive Plan 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 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
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price of common stock as a percent of the average fair market value								85.00%
Shares issued to employee stock purchase plan participants \| shares								40,141	36,960	51,581
Cost basis of shares issued to employee stock purchase plan participants								$ 700	$ 600	$ 800
Proceeds from ESPP participants								1,500	1,300	1,100
Compensation cost								$ 269	$ 239	$ 205
ESPP [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 \| shares								733,000
Tranche One and Two [Member] \| Performance Award [Member] \| Fiscal 2023, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares may be awarded \| shares								160,036
Tranche One and Two [Member] \| Performance Award [Member] \| Minimum [Member] \| Fiscal 2023, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted	50.00%
Tranche One and Two [Member] \| Performance Award [Member] \| Maximum [Member] \| Fiscal 2023, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted	200.00%
Tranche One [Member] \| Time-Based Award [Member] \| Fiscal 2023, Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted	25.00%
Vesting period of awards	3 years
Shares issued under terms of the award \| shares	26,682
Tranche One [Member] \| Time-Based Award [Member] \| Fiscal 2022 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 \| shares		24,138
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 \| shares				51,617
Tranche Two and Three [Member] \| Fiscal 2020 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches \| item					2
Tranche Two and Three [Member] \| Performance Award [Member] \| Fiscal 2022 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance-based objectives		100.00%
Shares issued under terms of the award \| shares		72,397
Tranche Two and Three [Member] \| Performance Award [Member] \| Minimum [Member] \| Fiscal 2022 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 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 Award [Member] \| Maximum [Member] \| Fiscal 2022 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of performance award to be granted		200.00%
Shares may be awarded \| shares		144,794
Tranche Two and Three [Member] \| Performance 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%
Scenario, Forecast [Member] \| Performance Award [Member] \| Fiscal 2019 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to be issued \| shares							204,418
Scenario, Forecast [Member] \| Tranche One and Two [Member] \| Performance Award [Member] \| Fiscal 2021 Long Term Incentive Plan Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued under terms of the award \| shares							309,660

Intangible Assets And Goodwill (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021	Apr. 26, 2021
Aggregate amortization expense from definite-lived intangible assets	$ 4,300	$ 5,300	$ 5,000
Intangible assets	40,511	44,833
Goodwill	$ 31,220	$ 31,220
Strive [Member]
Goodwill				$ 7,000
Strive [Member] \| Direct Office And International Licensee [Member]
Goodwill			$ 7,000

- Definition

+ References + Details

Leases (Tables)

12 Months Ended

Aug. 31, 2023

Leases [Abstract]

Assets And Liabilities Related To Operating Leases



	Balance Sheet
	Caption	Amount
Assets:
Operating lease right of use assets	Other long-term assets	$	812

Liabilities:
Current:
Operating lease liabilities	Accrued liabilities		579
Long-Term:
Operating lease liabilities	Other long-term liabilities		233
		$	812

Weighted Average Remaining Lease Term:
Operating leases (years)			1.6

Weighted Average Discount Rate:
Operating leases			5.0	%

Future Minimum Lease Payments Under Operating Leases



YEAR ENDING
AUGUST 31,
2024	$	607
2025		179
2026		38
2027		22
2028		7
Thereafter		-
Total operating lease payments		853
Less imputed interest		(41)
Present value of operating lease liabilities	$	812

Future Minimum Lease Payments From Sublease



YEAR ENDING
AUGUST 31,
2024	$	2,197
2025		1,814
2026		-
Thereafter		-
	$	4,011

Nature Of Operations And Summary Of Significant Accounting Policies (Property And Equipment) (Details) - USD ($) $ in Thousands	Aug. 31, 2023	Aug. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 70,940	$ 67,210
Less accumulated depreciation	(60,901)	(57,412)
Property and equipment	10,039	9,798
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	30,038	30,038
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	495	543
Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	28,948	26,030
Furniture, Fixtures, And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 10,147	$ 9,287