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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 12,852 $ 11,816
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,792 8,407
Amortization of capitalized curriculum costs 2,374 2,583
Stock-based compensation 5,987 5,127
Deferred income taxes (1,409) (10,521)
Change in fair value of contingent consideration liabilities 60 164
Amortization of right-of-use operating lease assets 695 758
Changes in assets and liabilities, net of effect of acquired business:    
Decrease in accounts receivable, net 19,794 12,391
Decrease (increase) in inventories (888) 322
Decrease in prepaid expenses and other assets 321 1,393
Increase (decrease) in accounts payable and accrued liabilities (4,294) 4,629
Decrease in deferred revenue (2,760) (4,172)
Increase (decrease) in income taxes payable/receivable 355 (653)
Decrease in other long-term liabilities (1,343) (1,392)
Net cash provided by operating activities 39,536 30,852
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (2,080) (1,185)
Curriculum development costs (1,379) (1,827)
Acquisition of businesses, net of cash acquired   (10,554)
Net cash used for investing activities (3,459) (13,566)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on notes payable (4,585) (3,750)
Principal payments on financing obligation (2,135) (1,922)
Purchases of common stock for treasury (23,850) (2,971)
Payment of contingent consideration liabilities (1,099) (899)
Proceeds from sales of common stock held in treasury 1,006 783
Net cash used for financing activities (30,663) (8,759)
Effect of foreign currency exchange rates on cash and cash equivalents (763) 93
Net increase in cash and cash equivalents 4,651 8,620
Cash and cash equivalents at the beginning of the period 47,417 27,137
Cash and cash equivalents at the end of the period 52,068 35,757
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1,744 1,454
Cash paid for interest 1,295 1,634
Non-cash investing and financing activities:    
Purchases of property and equipment financed by accounts payable 165 105
Acquisition of right-of-use operating lease assets for operating lease liabilities $ 344 885
Use of notes payable to acquire business   $ 3,766