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Intangible Assets And Goodwill (Tables)
12 Months Ended
Aug. 31, 2013
Intangible Assets And Goodwill [Abstract]  
Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Carrying

 

Accumulated

 

Net Carrying

AUGUST 31, 2013

 

Amount

 

Amortization

 

Amount

Definite-lived intangible assets:

 

 

 

 

 

 

License rights

$

27,000 

$

(13,978)

$

13,022 

Acquired curriculum

 

58,427 

 

(37,550)

 

20,877 

Customer lists

 

16,685 

 

(15,426)

 

1,259 

Internally developed software

 

2,049 

 

(341)

 

1,708 

Trade names

 

1,219 

 

(431)

 

788 

 

 

105,380 

 

(67,726)

 

37,654 

Indefinite-lived intangible asset:

 

 

 

 

 

 

Covey trade name

 

23,000 

 

 -

 

23,000 

 

$

128,380 

$

(67,726)

$

60,654 

 

 

 

 

 

 

 

AUGUST 31, 2012

 

 

 

 

 

 

Definite-lived intangible assets:

 

 

 

 

 

 

License rights

$

27,000 

$

(13,041)

$

13,959 

Acquired curriculum

 

58,284 

 

(36,052)

 

22,232 

Customer lists

 

15,111 

 

(15,097)

 

14 

Trade names

 

377 

 

(377)

 

 -

 

 

100,772 

 

(64,567)

 

36,205 

Indefinite-lived intangible asset:

 

 

 

 

 

 

Covey trade name

 

23,000 

 

 -

 

23,000 

 

$

123,772 

$

(64,567)

$

59,205 

 

Range Of Remaining Estimated Useful Lives And Weighted-Average Amortization

 

 

 

 

 

 

Category of Intangible Asset

 

Range of Remaining Estimated Useful Lives

 

Weighted Average Amortization Period

 

 

 

 

 

License rights

 

13 years

 

30 years

Curriculum

 

6 to 13 years

 

26 years

Customer lists

 

4 years

 

14 years

Internally developed software

 

3 years

 

3 years

Trade names

 

5 years

 

5 years

 

Schedule Of Acquired Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

Category of

 

 

 

 

Estimated Useful

Intangible Asset

 

Amount

 

Life

 

 

 

 

 

 

Internally developed software

 

$

2,049 

 

3 years

Customer list

 

 

1,574 

 

5 years

Trade name

 

 

242 

 

5 years

Non-compete agreements

 

 

124 

 

5 years

 

 

$

3,989 

 

 

 

Consolidated Goodwill

 

 

 

 

 

 

Balance at August 31, 2011

$

9,172 

Accumulated impairments

 

 -

Balance at August 31, 2012

 

9,172 

Contingent earnout payment from

 

 

CoveyLink acquisition

 

2,235 

Acquisition of NinetyFive 5

 

4,728 

Accumulated impairments

 

 -

Balance at August 31, 2013

$

16,135 

 

Amortization Expense For Intangible Assets Over The Next Five Years

 

 

 

 

 

 

YEAR ENDING

 

 

AUGUST 31,

 

 

2014

$

3,834 

2015

 

3,633 

2016

 

3,187 

2017

 

2,817 

2018

 

2,665