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Segment Information (Tables)
12 Months Ended
Aug. 31, 2018
Segment Information [Abstract]  
Schedule Of Segment Operations



 

 

 

 

 

 



 

 

 

 

 

 



 

Sales to

 

 

 

 

Fiscal Year Ended

 

External

 

 

 

Adjusted

August 31, 2018

 

Customers

 

Gross Profit

 

EBITDA



 

 

 

 

 

 

Direct offices

$

145,890 

$

108,140 

$

15,773 

Education practice

 

45,272 

 

28,654 

 

3,606 

International licensees

 

13,226 

 

10,031 

 

5,087 

Total

 

204,388 

 

146,825 

 

24,466 

Corporate and eliminations

 

5,370 

 

1,464 

 

(12,588)

Consolidated

$

209,758 

$

148,289 

$

11,878 



 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

August 31, 2017

 

 

 

 

 

 



 

 

 

 

 

 

Direct offices

$

122,309 

$

81,700 

$

4,242 

Education practice

 

44,122 

 

27,916 

 

7,195 

International licensees

 

13,571 

 

10,483 

 

6,415 

Total

 

180,002 

 

120,099 

 

17,852 

Corporate and eliminations

 

5,254 

 

2,568 

 

(10,153)

Consolidated

$

185,256 

$

122,667 

$

7,699 



 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

August 31, 2016

 

 

 

 

 

 



 

 

 

 

 

 

Direct offices

$

135,954 

$

95,211 

$

20,610 

Education practice

 

40,844 

 

24,513 

 

5,188 

International licensees

 

17,113 

 

13,152 

 

9,268 

Total

 

193,911 

 

132,876 

 

35,066 

Corporate and eliminations

 

6,144 

 

2,278 

 

(8,172)

Consolidated

$

200,055 

$

135,154 

$

26,894 



Reconciliation Of Adjusted EBITDA



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2018 

 

2017 

 

2016 

Segment Adjusted EBITDA

$

24,466 

$

17,852 

$

35,066 

Corporate expenses

 

(12,588)

 

(10,153)

 

(8,172)

Consolidated Adjusted EBITDA

 

11,878 

 

7,699 

 

26,894 

Stock-based compensation

 

(2,846)

 

(3,658)

 

(3,121)

Reduction (increase) in

 

 

 

 

 

 

contingent consideration liabilities

 

(1,014)

 

1,936 

 

(1,538)

Costs to exit Japan publishing business

 

 -

 

(2,107)

 

 -

Contract termination costs

 

 -

 

(1,500)

 

 -

Restructuring costs

 

 -

 

(1,482)

 

(776)

ERP system implementation costs

 

(855)

 

(1,404)

 

(448)

China office start-up costs

 

 -

 

(505)

 

(222)

Business acquisition costs

 

 -

 

(442)

 

 -

Depreciation

 

(5,161)

 

(3,879)

 

(3,677)

Amortization

 

(5,368)

 

(3,538)

 

(3,263)

Income (loss) from operations

 

(3,366)

 

(8,880)

 

13,849 

Interest income

 

104 

 

223 

 

115 

Interest expense

 

(2,676)

 

(2,408)

 

(2,263)

Accretion of discount on related

 

 

 

 

 

 

    party receivable

 

418 

 

156 

 

210 

Income (loss) before income taxes

 

(5,520)

 

(10,909)

 

11,911 

Benefit (provision) for income taxes

 

(367)

 

3,737 

 

(4,895)

Net income (loss)

$

(5,887)

$

(7,172)

$

7,016 



Consolidated Revenues From Continuing Operations By Country



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2018 

 

2017 

 

2016 

United States

$

151,022 

$

136,206 

$

155,153 

Japan

 

15,670 

 

14,482 

 

14,997 

China

 

14,176 

 

11,552 

 

3,884 

United Kingdom

 

7,411 

 

4,754 

 

7,716 

Canada

 

4,722 

 

4,372 

 

4,357 

Australia

 

4,148 

 

2,704 

 

3,404 

Western Europe

 

2,016 

 

1,679 

 

1,503 

Brazil

 

1,285 

 

1,423 

 

319 

Thailand

 

1,219 

 

1,147 

 

1,226 

Mexico/Central America

 

872 

 

751 

 

917 

Singapore

 

865 

 

722 

 

1,143 

Middle East

 

840 

 

723 

 

584 

Central/Eastern Europe

 

757 

 

638 

 

644 

Denmark/Scandinavia

 

752 

 

775 

 

863 

Indonesia

 

715 

 

614 

 

579 

India

 

647 

 

701 

 

677 

The Philippines

 

353 

 

324 

 

332 

Malaysia

 

338 

 

364 

 

384 

Others

 

1,950 

 

1,325 

 

1,373 



$

209,758 

$

185,256 

$

200,055 



Long-Lived Assets By Country



 

 

 

 



 

 

 

 

AUGUST 31,

 

2018 

 

2017 

United States/Canada

$

34,237 

$

33,146 

Japan

 

1,450 

 

2,350 

China

 

581 

 

301 

Singapore

 

315 

 

152 

United Kingdom

 

276 

 

240 

Australia

 

250 

 

466 



$

37,109 

$

36,655