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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
May. 31, 2015
Aug. 31, 2014
ASSETS    
Cash and cash equivalents $ 157,895,000 $ 116,378,000
Investments 25,020,000 20,008,000
Accounts receivable, net of reserves of $1,665 at May 31, 2015 and $1,662 at August 31, 2014 91,860,000 90,354,000
Prepaid taxes 12,190,000 6,532,000
Deferred taxes 1,770,000 1,841,000
Prepaid expenses and other current assets 15,479,000 14,662,000
Total current assets 304,214,000 249,775,000
Property, equipment and leasehold improvements, at cost 206,063,000 201,713,000
Less accumulated depreciation and amortization (151,605,000) (144,072,000)
Property, equipment and leasehold improvements, net 54,458,000 57,641,000
Goodwill 307,231,000 285,608,000
Intangible assets, net 41,561,000 41,855,000
Deferred taxes 16,531,000 22,377,000
Other assets 4,081,000 5,956,000
TOTAL ASSETS 728,076,000 663,212,000
LIABILITIES    
Accounts payable and accrued expenses 31,445,000 26,971,000
Accrued compensation 36,780,000 42,481,000
Deferred fees 44,323,000 36,504,000
Taxes payable 2,959,000 5,036,000
Deferred taxes 1,071,000 0
Dividends payable 18,274,000 16,299,000
Total current liabilities 134,852,000 127,291,000
Deferred taxes 1,711,000 2,921,000
Taxes payable 6,381,000 5,501,000
Long-term debt 35,000,000 0
Deferred rent and other non-current liabilities 17,757,000 16,417,000
TOTAL LIABILITIES $ 195,701,000 $ 152,130,000
Commitments and contingencies (See Note 17)    
STOCKHOLDERS’ EQUITY    
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued $ 0 $ 0
Common stock, $.01 par value, 150,000,000 shares authorized, 50,062,210 and 49,110,218 shares issued; 41,531,220 and 41,792,802 shares outstanding at May 31, 2015 and August 31, 2014, respectively 501,000 491,000
Additional paid-in capital 508,402,000 413,754,000
Treasury stock, at cost: 8,530,990 and 7,317,416 shares at May 31, 2015 and August 31, 2014, respectively (910,210,000) (734,746,000)
Retained earnings 977,645,000 849,504,000
Accumulated other comprehensive loss (43,963,000) (17,921,000)
TOTAL STOCKHOLDERS’ EQUITY 532,375,000 511,082,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 728,076,000 $ 663,212,000