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Intangible Assets And Goodwill (Tables)
12 Months Ended
Aug. 31, 2014
Intangible Assets And Goodwill [Abstract]  
Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Carrying

 

Accumulated

 

Net Carrying

AUGUST 31, 2014

 

Amount

 

Amortization

 

Amount

Definite-lived intangible assets:

 

 

 

 

 

 

License rights

$

27,000 

$

(14,915)

$

12,085 

Acquired curriculum

 

58,555 

 

(39,009)

 

19,546 

Customer lists

 

16,827 

 

(15,953)

 

874 

Internally developed software

 

2,049 

 

(1,025)

 

1,024 

Trade names

 

1,250 

 

(602)

 

648 

 

 

105,681 

 

(71,504)

 

34,177 

Indefinite-lived intangible asset:

 

 

 

 

 

 

Covey trade name

 

23,000 

 

 -

 

23,000 

 

$

128,681 

$

(71,504)

$

57,177 

 

 

 

 

 

 

 

AUGUST 31, 2013

 

 

 

 

 

 

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 

 

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

 

 

 

 

 

License rights

 

12 years

 

30 years

Curriculum

 

5 to 12 years

 

26 years

Customer lists

 

3 to 5 years

 

14 years

Internally developed software

 

2 years

 

3 years

Trade names

 

3 to 5 years

 

5 years

 

Schedule Of Acquired Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

Category of

 

 

 

 

Estimated Useful

Intangible Asset

 

Amount

 

Life

 

 

 

 

 

 

Tradename

 

$

31 

 

5 years

Customer lists

 

 

142 

 

5 years

Content

 

 

232 

 

5 years

 

 

$

405 

 

 

 

Consolidated Goodwill

 

 

 

 

 

 

Balance at August 31, 2012

$

9,172 

Contingent earn out payment on

 

 

CoveyLink acquisition

 

2,235 

Acquisition of NinetyFive 5

 

4,728 

Accumulated impairments

 

 -

Balance at August 31, 2013

 

16,135 

Contingent earn out payment on

 

 

CoveyLink acquisition

 

3,456 

Acquisition of Red Tree, Inc.

 

50 

Accumulated impairments

 

 -

Balance at August 31, 2014

$

19,641 

 

Amortization Expense For Intangible Assets Over The Next Five Years

 

 

 

 

 

 

YEAR ENDING

 

 

AUGUST 31,

 

 

2015

$

3,730 

2016

 

3,266 

2017

 

2,886 

2018

 

2,731 

2019

 

2,491