Franklin Covey Co
(NYSE:FC)

Franklin Covey Co. provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, leadership, and educational improvement for organizations and individuals worldwide. The company operates through three segments: Direct Offices, International L...

Website: http://www.franklincovey.com

Founded: 1997

Full Time Employees: 940

Sector: Industrials

Industry: Consulting Services

Industrials

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Quarterly

Annual

Unit: USD	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2018-01-09	2017-08-31	2017-05-31	2017-02-28	2016-11-26	2016-08-31	2016-05-28	2016-02-27	2015-11-28	2015-08-31	2015-05-30	2015-02-28	2014-11-29	2014-08-31	2014-07-09	2014-05-31	2014-04-10	2014-03-01	2013-11-30	2013-08-31	2013-06-01	2013-03-02	2012-12-01	2012-08-31	2012-05-26	2012-02-25	2011-11-26	2011-08-31	2011-05-28	2011-02-26	2010-11-27	2010-08-31	2010-05-29	2010-02-27	2009-11-28	2009-08-31	2009-05-30	2009-02-28	2008-11-29	2008-08-31	2008-05-31	2008-03-01	2007-12-01	2007-08-31	2007-06-02	2007-03-03	2006-12-02	2006-08-31	2006-05-27	2006-02-25	2005-11-29	2005-11-26	2005-08-31	2005-05-28	2005-02-26

revenue	67,807,000	59,647,000	64,045,000	71,248,000	67,121,000	59,612,000	69,086,000	84,124,000	73,373,000
yoy	1.02%	0.06%	-7.30%	-15.31%	-8.52%
qoq	13.68%	-6.87%	-10.11%	6.15%	12.60%	-13.71%	-17.88%	14.65%
cost of revenue	17,710,000	14,374,000	15,671,000	17,458,000	15,799,000	13,866,000	16,375,000	18,388,000	17,167,000
gross profit	50,097,000	45,273,000	48,374,000	53,790,000	51,322,000	45,746,000	52,711,000	65,736,000	56,206,000	46,851,000	52,277,000	59,305,000	54,233,000	47,210,000	52,742,000	59,067,000	51,132,000	44,114,000	47,598,000	53,268,000	45,907,000	37,340,000	36,386,000	37,853,000	26,821,000	38,666,000	42,029,000	47,502,000	39,664,000	35,366,000	36,783,000	47,761,000	34,916,000	32,744,000	32,868,000	41,987,000	27,341,000	28,031,000	25,308,000	45,666,000	29,562,000	29,854,000	30,071,000	46,547,000	30,322,000	30,015,000	31,204,000	46,941,000	29,884,000	29,884,000	31,411,000	31,411,000	30,031,000	42,712,000	29,435,000	27,284,000	29,559,000	-77,554,317	26,144,000	24,981,000	26,542,000	-73,864,526	25,781,000	23,111,000	25,076,000	-59,032,929	19,204,000	20,205,000	21,514,000	-59,234,587	18,935,000	18,683,000	21,697,000	-128,229,211	35,757,000	46,688,000	45,945,000	-133,048,623	39,636,000	47,189,000	46,398,000	-128,704,615	36,292,000
yoy	-2.39%	-1.03%	-8.23%	-18.17%	-8.69%	-2.36%	0.83%	10.84%	3.64%	-0.76%	-0.88%	0.40%	6.06%	7.02%	10.81%	10.89%	11.38%	18.14%	30.81%	40.72%	71.16%	-3.43%	-13.43%	-20.31%	-32.38%	9.33%	14.26%	-0.54%	13.60%	8.01%	11.91%	13.75%	27.71%	16.81%	29.87%	-8.06%	-7.51%	-6.11%	-15.84%	-1.89%	-2.51%	-0.54%	-3.63%	-0.84%	1.47%	0.44%	-0.66%	49.44%	-0.49%	-30.03%	6.71%	15.13%	1.60%	-155.07%	12.59%	9.22%	11.37%	5.00%	1.41%	8.09%	5.85%	25.12%	34.25%	14.38%	16.56%	-0.34%	1.42%	8.15%	-0.84%	-53.81%	-47.05%	-59.98%	-52.78%	-3.62%	-9.79%	-1.06%	-0.98%	3.38%	9.21%
qoq	10.66%	-6.41%	-10.07%	4.81%	12.19%	-13.21%	-19.81%	16.96%	19.97%	-10.38%	-11.85%	9.35%	14.88%	-10.49%	-10.71%	15.52%	15.91%	-7.32%	-10.64%	16.03%	22.94%	2.62%	-3.88%	41.13%	-30.63%	-8.00%	-11.52%	19.76%	12.15%	-3.85%	-22.99%	36.79%	6.63%	-0.38%	-21.72%	53.57%	-2.46%	10.76%	-44.58%	54.48%	-0.98%	-0.72%	-35.40%	53.51%	1.02%	-3.81%	-33.53%	57.08%	0.00%	-4.86%	0.00%	4.60%	-29.69%	45.11%	7.88%	-7.70%	-138.11%	-396.64%	4.66%	-5.88%	-135.93%	-386.51%	11.55%	-7.84%	-142.48%	-407.40%	-4.95%	-6.08%	-136.32%	-412.83%	1.35%	-13.89%	-116.92%	-458.61%	-23.41%	1.62%	-134.53%	-435.68%	-16.01%	1.70%	-136.05%	-454.64%
gross margin %	73.88%	75.90%	75.53%	75.50%	76.46%	76.74%	76.30%	78.14%	76.60%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
selling, general, and administrative	43,263,000	43,497,000	46,121,000	43,718,000	46,676,000	45,087,000	47,204,000	45,853,000	45,110,000	40,771,000	44,786,000	46,525,000	45,641,000	42,338,000	44,012,000	39,741,000	42,637,000	38,061,000	39,343,000	42,676,000	37,762,000	33,623,000	33,683,000	28,748,000	29,254,000	36,221,000	39,399,000	36,037,000	38,713,000	35,925,000	34,644,000	37,296,000	34,910,000	35,097,000	33,824,000	31,971,000	30,713,000	29,370,000	29,095,000	30,068,000	29,095,000	27,936,000	26,489,000	30,327,000	25,934,000	26,841,000	25,699,000	30,689,000	25,017,000	25,017,000	25,707,000	25,707,000	24,752,000	31,881,000	23,661,000	22,691,000	22,943,000	-63,445,538	21,448,000	20,714,000	21,373,000	-60,627,745	21,009,000	19,915,000	19,789,000	-53,190,396	17,530,000	18,942,000	17,694,000	-58,965,057	18,179,000	20,253,000	20,610,000	-110,492,682	34,210,000	37,652,000	38,771,000	-112,653,780	35,287,000	36,666,000	40,849,000	-108,740,253	35,629,000	35,488,000		37,767,000	-110,239,695	35,947,000	38,787,000
restructuring costs	696,000	1,510,000	3,444,000		4,739,000		1,984,000		701,000	1,726,000																										147,000	1,335,000			400,000		376,000
building exit costs	143,000	455,000	674,000
depreciation	1,185,000	1,140,000	1,099,000	1,087,000	1,012,000	1,016,000	950,000	911,000	990,000	913,000	1,091,000	1,140,000	934,000	951,000	1,246,000	1,217,000	1,217,000	1,190,000	1,279,000	1,286,000	1,423,000	1,740,000	1,741,000	1,739,000	1,652,000	1,653,000	1,619,000	1,558,000	1,556,000	1,697,000	1,554,000	1,614,000	1,267,000	1,379,000	901,000	1,136,000	949,000	928,000	866,000	868,000	1,003,000	894,000	912,000	1,158,000	980,000	1,040,000	964,000	917,000	866,000	866,000	816,000	816,000	784,000	833,000	752,000	722,000	702,000	-2,370,858	680,000	860,000	834,000	-2,691,433	997,000	788,000	910,000	-2,897,331	915,000	1,012,000	974,000	-2,799,468	994,000	906,000	903,000	-4,038,308	1,497,000	1,350,000	1,198,000	-3,458,307	1,060,000	1,366,000	1,037,000	-3,758,221	1,134,000	1,221,000		1,408,000	-6,338,226	1,848,000	2,320,000
amortization	614,000	670,000	687,000	1,098,000	1,098,000	1,098,000	1,098,000	1,044,000	1,062,000	1,071,000	1,071,000	1,072,000	1,086,000	1,093,000	1,092,000	1,160,000	1,329,000	1,346,000	1,431,000	1,503,000	1,238,000	1,133,000	1,131,000	1,102,000	1,164,000	1,170,000	1,170,000	1,179,000	1,259,000	1,300,000	1,238,000	1,251,000	1,326,000	1,395,000	1,395,000	1,260,000	835,000	721,000	722,000	722,000	722,000	909,000	910,000	909,000	912,000	953,000	953,000	993,000	983,000	983,000	989,000	989,000	989,000	990,000	960,000	619,000	622,000	-1,876,501	622,000	626,000	631,000	-2,762,460	916,000	920,000	929,000	-2,827,240	929,000	940,000	962,000	-2,795,239	995,000	903,000	902,000	-2,698,397	902,000	901,000	899,000	-2,704,393	906,000	900,000	902,000	-2,907,187	908,000	908,000		1,095,000	-3,125,827	1,043,000	1,043,000
income from operations	4,196,000	-1,999,000	-3,651,000	7,887,000	-2,203,000	-1,455,000	1,475,000	17,928,000	8,343,000	1,442,000	5,329,000	10,568,000	6,572,000	2,828,000	6,392,000	8,663,000	5,949,000	3,517,000	5,545,000	4,313,000	3,114,000	844,000	-169,000	3,741,000	-145,000	-378,000	-159,000	8,728,000	-1,864,000	-3,556,000	-653,000	7,600,000	-2,587,000	-5,127,000	-3,252,000	7,473,000	-6,491,000	-4,488,000	-5,375,000	13,608,000	-1,258,000	-261,000	1,760,000	13,346,000	1,414,000	1,181,000	3,588,000	14,342,000	3,018,000	3,018,000	3,899,000	3,899,000	3,506,000	9,008,000	4,062,000	3,252,000	5,292,000	-9,861,420	3,394,000	2,781,000	3,704,000	-7,782,888	2,859,000	1,488,000	3,448,000	-117,962	-170,000	-689,000	1,884,000				-718,000			6,785,000	5,077,000			9,484,000	3,610,000			10,556,000		4,136,000
yoy	-290.47%	37.39%	-347.53%	-56.01%	-126.41%	-200.90%	-72.32%	69.64%	26.95%	-49.01%	-16.63%	21.99%	10.47%	-19.59%	15.28%	100.86%	91.04%	316.71%	-3381.07%	15.29%	-2247.59%	-323.28%	6.29%	-57.14%	-92.22%	-89.37%	-75.65%	14.84%	-27.95%	-30.64%	-79.92%	1.70%	-60.14%	14.24%	-39.50%	-45.08%	415.98%	1619.54%	-405.40%	1.96%	-188.97%	-122.10%	-50.95%	-6.94%	-53.15%	-60.87%	-7.98%	267.84%	-13.92%	-66.50%	-4.01%	19.90%	-33.75%	-191.35%	19.68%	16.94%	42.87%	26.71%	18.71%	86.90%	7.42%	6497.79%	-1781.76%	-315.97%	83.01%				-362.40%				-114.14%			-28.46%	40.64%			-10.16%
qoq	-309.90%	-45.25%	-146.29%	-458.01%	51.41%	-198.64%	-91.77%	114.89%	478.57%	-72.94%	-49.57%	60.80%	132.39%	-55.76%	-26.21%	45.62%	69.15%	-36.57%	28.56%	38.50%	268.96%	-599.41%	-104.52%	-2680.00%	-61.64%	137.74%	-101.82%	-568.24%	-47.58%	444.56%	-108.59%	-393.78%	-49.54%	57.66%	-143.52%	-215.13%	44.63%	-16.50%	-139.50%	-1181.72%	381.99%	-114.83%	-86.81%	843.85%	19.73%	-67.08%	-74.98%	375.22%	0.00%	-22.60%	0.00%	11.21%	-61.08%	121.76%	24.91%	-38.55%	-153.66%	-390.55%	22.04%	-24.92%	-147.59%	-372.22%	92.14%	-56.84%	-3022.98%	-30.61%	-75.33%	-136.57%								33.64%				162.71%
operating margin %	6.19%	-3.35%	-5.70%	11.07%	-3.28%	-2.44%	2.14%	21.31%	11.37%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	NaN%	NaN%	NaN%	-Infinity%	NaN%	NaN%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	NaN%	Infinity%	NaN%	NaN%	NaN%
interest income	24,000	29,000	114,000	163,000	211,000	263,000	290,000	266,000	268,000	301,000	288,000	287,000	362,000	362,000	81,000	17,000	21,000	12,000	15,000	17,000	16,000	16,000	24,000	20,000	18,000	13,000	5,000	7,000	8,000	9,000	28,000	10,000	35,000	54,000	61,000	69,000	86,000	109,000	116,000	82,000	81,000	83,000	77,000	61,000	104,000	107,000	111,000	102,000	74,000	74,000	109,000	109,000	143,000	168,000	158,000	150,000	137,000	-9,982	2,000	4,000	3,000	-15,979	5,000	6,000	4,000	-15,966	2,000	11,000	3,000	-93,973	20,000	20,000	53,000	-77,843	55,000	15,000	9,000	-681,283	124,000	357,000	201,000	-951,666	307,000	316,000		330,000	-591,056	310,000	165,000
interest expense	-54,000	-92,000	-95,000	-95,000	-135,000	-156,000	-178,000	-203,000	-247,000	-328,000	-341,000	-410,000	-354,000	-409,000	-410,000	-401,000	-405,000	-423,000	-446,000	-466,000	-525,000	-540,000	-568,000	-535,000	-621,000	-557,000	-606,000	-541,000	-562,000	-623,000	-632,000	-697,000	-738,000	-692,000	-549,000	-547,000	-618,000	-623,000	-620,000	-604,000	-564,000	-552,000	-541,000	-532,000	-532,000	-535,000	-539,000	-561,000	-557,000	-557,000	-559,000	-559,000	-560,000	-566,000	-578,000	-598,000	-589,000	1,870,518	-613,000	-626,000	-633,000	2,018,313	-669,000	-642,000	-711,000	2,193,108	-734,000	-744,000	-718,000	2,329,951	-741,000	-764,000	-828,000	2,392,917	-725,000	-761,000	-910,000	2,199,864	-867,000	-675,000	-661,000	1,963,378	-663,000	-660,000		-643,000	94,214	-29,000	-29,000
income before income taxes	4,166,000	-2,062,000	-3,632,000	7,955,000	-2,127,000	-1,348,000	1,587,000	17,991,000	8,364,000	1,415,000	5,276,000	10,445,000	6,580,000	2,781,000	6,063,000	8,279,000	5,565,000	3,106,000	5,114,000	3,864,000	2,605,000	320,000	-713,000	3,226,000	-748,000	-922,000	-760,000	8,194,000	-2,418,000	-3,927,000	-1,257,000	7,073,000	-3,088,000	-5,765,000	-3,740,000	6,995,000	-7,023,000	-5,002,000	-5,879,000	13,086,000	-1,741,000	-730,000	1,296,000	12,876,000	753,000	753,000	3,030,000	13,111,000	2,394,000	2,394,000	3,307,000	3,307,000	2,947,000	8,510,000	3,527,000	2,669,000	4,693,000	2,004,000	2,783,000	2,159,000	3,074,000							-1,422,000	1,169,000				-1,493,000
income tax benefit	-1,081,000	80,000	343,000	146,000	718,000	272,000						-1,113,750	-2,017,000			-233,250	1,597,000			2,401,250	10,149,000	-366,000	-179,000	-1,996,250	-10,220,000	2,019,000	216,000	176,000	394,000	410,000	-100,000	1,231,750	554,000	3,025,000	1,348,000	1,518,250	2,482,000	1,669,000	1,921,000	116,250	689,000	282,000		-272,250	438,000																	3,962,361	-1,471,000	-547,000				1,041,000	-921,000				924,000					6,930,964	-753,000			-277,058	2,754,000
net income	3,085,000	-1,982,000	-3,289,000	4,372,000	-1,409,000	-1,076,000	1,181,000	11,956,000	5,721,000	874,000	4,851,000	6,812,000	4,563,000	1,739,000	4,667,000	5,578,000	7,162,000	1,878,000	3,812,000	1,807,000	12,754,000	-46,000	-892,000	980,000	-10,968,000	1,097,000	-544,000	5,875,000	-2,024,000	-3,517,000	-1,357,000	1,779,000	-2,534,000	-2,740,000	-2,392,000	4,659,000	-4,541,000	-3,333,000	-3,958,000	7,726,000	-1,052,000	-448,000	790,000	7,669,000	1,191,000	427,000	1,828,000	12,455,000	1,922,000	1,922,000	1,971,000	1,971,000	1,719,000	7,720,000	2,111,000	1,592,000	2,897,000	-4,433,159	1,617,000	1,162,000	1,662,000	-1,818,193	724,000	305,000	794,000	-2,518	135,000	-381,000	248,000	6,244,168	-5,053,000	-633,000	-569,000	-3,624,152	-1,511,000	3,082,000	2,059,000	-7,008,371	887,000	4,714,000	1,416,000	-13,436,427	1,019,000	9,213,000		3,233,000	-11,669,814	3,069,000	7,086,000
yoy	-318.95%	84.20%	-378.49%	-63.43%	-124.63%	-223.11%	-75.65%	75.51%	25.38%	-49.74%	3.94%	22.12%	-36.29%	-7.40%	22.43%	208.69%	-43.85%	-4182.61%	-527.35%	84.39%	-216.28%	-104.19%	63.97%	-83.32%	441.90%	-131.19%	-59.91%	230.24%	-20.13%	28.36%	-43.27%	-61.82%	-44.20%	-17.79%	-39.57%	-39.70%	331.65%	643.97%	-601.01%	0.74%	-188.33%	-204.92%	-56.78%	-38.43%	-38.03%	-77.78%	-7.26%	531.91%	11.81%	-75.10%	-6.63%	23.81%	-40.66%	-274.14%	30.55%	37.01%	74.31%	143.82%	123.34%	280.98%	109.32%	72107.82%	436.30%	-180.05%	220.16%	-100.04%	-102.67%	-39.81%	-143.59%	-272.29%	234.41%	-120.54%	-127.63%	-48.29%	-270.35%	-34.62%	45.41%	-47.84%	-12.95%	-48.83%		-515.60%	-108.73%	200.20%
qoq	-255.65%	-39.74%	-175.23%	-410.29%	30.95%	-191.11%	-90.12%	108.98%	554.58%	-81.98%	-28.79%	49.29%	162.39%	-62.74%	-16.33%	-22.12%	281.36%	-50.73%	110.96%	-85.83%	-27826.09%	-94.84%	-191.02%	-108.94%	-1099.82%	-301.65%	-109.26%	-390.27%	-42.45%	159.17%	-176.28%	-170.21%	-7.52%	14.55%	-151.34%	-202.60%	36.24%	-15.79%	-151.23%	-834.41%	134.82%	-156.71%	-89.70%	543.91%	178.92%	-76.64%	-85.32%	548.02%	0.00%	-2.49%	0.00%	14.66%	-77.73%	265.70%	32.60%	-45.05%	-165.35%	-374.16%	39.16%	-30.08%	-191.41%	-351.13%	137.38%	-61.59%	-31632.96%	-101.87%	-135.43%	-253.63%	-96.03%	-223.57%	698.26%	11.25%	-84.30%	139.85%	-149.03%	49.68%	-129.38%	-890.12%	-81.18%	232.91%	-110.54%	-1418.59%	-88.94%			-127.70%	-480.25%	-56.69%
net income margin %	4.55%	-3.32%	-5.14%	6.14%	-2.10%	-1.81%	1.71%	14.21%	7.80%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	Infinity%	Infinity%
net income per share
basic and diluted	0.27	-0.17																0.13	0.27	0.21	0.9		-0.06	0.07	-0.79	0.08	-0.04	0.42	-0.14	-0.25	-0.1	0.12	-0.18	-0.2	-0.17	0.34	-0.33	-0.24	-0.29	-0.013	-0.07																				0.09	0.028	0.04	0.02	0.05
weighted-average number of common shares:
basic	11,260	11,422	12,210	12,927	12,891	13,102	13,092	13,171	13,160	13,263	13,244	13,640	13,621	13,900	13,877	14,147	14,173	14,312	14,246	14,090	14,145	14,082				13,841						13,849				13,819		13,825	13,791	14,944	14,259	15,299	16,218	16,742	16,739	16,908	16,870	16,720	16,754	16,754	16,717	16,717	16,564	17,348	16,330	18,550	18,161	17,772	17,797	17,764	17,733	17,106	17,067	16,990	17,032	13,525	16,985	13,489
diluted	11,451	11,422	12,210	13,053	12,891	13,102	13,271	13,472	13,378	13,484	13,636	14,299	14,273	14,533	14,507	14,555	14,175	14,333	14,312	14,143	14,156	14,082				13,990						13,849				13,819		13,825	13,791	15,076	14,259	15,299	16,352	16,923	16,900	17,086	17,092	16,947	16,934	16,934	16,926	16,926	16,859	17,971	16,421	19,709	19,275	18,360	18,316	18,287	17,998	17,547	17,354	17,379	17,115	13,525	17,039	13,489
comprehensive income	3,077		-3,495	4,203	-1,260	-1,118	979	12,438	5,546	735	4,902	6,490	4,424	1,885	4,537	5,239	6,426	1,846	3,668	1,752	12,603	-79				1,187												-3,317	-3,323	8,309	-731	-223	691	7,353	988	339	1,176	12,259	1,935	1,935	1,997	1,997	1,641	7,293	1,753	911	2,639
foreign currency translation adjustments, net of income taxes of 0, 0, 0, and 0	-8	76
comprehensive loss		-1,906																					-585	1,390	-11,059		-581	5,818	-2,168	-3,079	-1,666	-1,875.25	-2,721	-2,311	-2,469	-3,075.5	-4,393
net income per share
basic			-0.27	0.34	-0.11	-0.08	0.09	0.91	0.43	0.07	0.37	0.51	0.33	0.13	0.34	0.4	0.51																									-0.03	0.05	0.46	0.07	0.03	0.11	0.74	0.11	0.11	0.12	0.12	0.1	0.46	0.13	0.09	0.16	0.19	0.09	0.07									0.01				-0.04
diluted			-0.27	0.34	-0.11	-0.08	0.09	0.89	0.43	0.06	0.36	0.48	0.32	0.12	0.32	0.37	0.51																									-0.03	0.05	0.46	0.07	0.02	0.11	0.74	0.11	0.11	0.12	0.12	0.1	0.44	0.13	0.08	0.15	0.19	0.09	0.06									0.01				-0.04
foreign currency translation adjustments, net of income taxes of 0, and 0			-206
impairment of asset								232,000		928,000
foreign currency translation adjustments,
net of income taxes of 0, 0, 0, and 0				-23.75	149	-42		-65.75	-175	-139		-30.75	-139	146
income tax provision							-406,000	-6,035,000	-2,643,000	-541,000	-425,000			-1,042,000	-1,396,000			-1,228,000	-1,302,000																								-506,000
net of income taxes of 0, and 0							-202
net sales										61,336,000	68,399,000	77,956,000	71,441,000	61,756,000	69,369,000	78,806,000	66,176,000	56,599,000	61,259,000	68,945,000	58,736,000	48,162,000	48,324,000	48,993,000	37,105,000	53,745,000	58,613,000	65,165,000	56,006,000	50,356,000	53,829,000	36,234,750	50,461,000	46,547,000	47,932,000
cost of sales										14,485,000	16,122,000	18,651,000	17,208,000	14,546,000	16,627,000	19,739,000	15,044,000	12,485,000	13,661,000	15,677,000	12,829,000	10,822,000	11,938,000	11,140,000	10,284,000	15,079,000	16,584,000	17,663,000	16,342,000	14,990,000	17,046,000	11,102,750	15,545,000	13,803,000	15,064,000
net of income taxes of 0 and 0											51				-130
net of income taxes of
0, 0, 0, and 0																-228	-736	-32		30.75	-151	-33
0 and 0																			-144
stock-based compensation																				3,490,000	2,370,000			887,000	-5,104,000
weighted-average number of common shares:
basic and diluted																							13,977	13,892	13,869		13,982	13,948	13,963	13,937	13,917		13,896	13,867	13,725		13,834
net of income tax benefit
of 0 and 0																							307
discount accretion on related party receivable																												64,500		243,000		64,500	202,000
of 0, 8, 0, and 8																								-9.5	-91
net of income tax provision
of 0, (11), 0, and 0																										90
of - and 11																											-37
of 8, 50, 8, and																												-3.75	-144
of																														438						-117.75	148
net of income tax benefit of 11 and 42																															-309
contract termination costs																																						1,500,000
of 50, (79), (44), and 254																																41.25	-187
of (136), , (94), and 333																																		429
net of income tax benefit of 42 and 342																																			-77
net sales:
training and consulting services																																				57,834,000	41,822,000	40,087,000	38,073,000	61,915,000	42,275,000	42,277,000	43,194,000	64,303,000	45,373,000	43,545,000	45,473,000	64,321,000	44,381,000	44,381,000	43,683,000	43,683,000	41,335,000	57,471,000	42,378,000	37,744,000	41,063,000	-110,042,221	38,213,000	35,606,000	36,382,000	-108,110,024	37,368,000	33,337,000	37,555,000	-86,875,538	28,597,000	28,151,000	30,257,000	-83,699,090	27,767,000	25,566,000	30,481,000	-101,752,888	33,864,000	33,828,000	34,199,000	-98,528,292	33,652,000	31,593,000	33,421,000	-87,415,582	31,098,000	27,492,000		28,948,000
products																																				798,000	1,035,000	1,220,000	828,000	1,884,000	1,340,000	1,873,000	912,000	2,039,000	1,710,000	1,822,000	1,314,000	2,751,000	1,694,000	1,694,000	1,747,000	1,747,000	1,326,000	3,119,000	1,428,000	1,624,000	1,943,000	-7,048,544	2,291,000	2,303,000	2,463,000	-5,769,545	2,958,000	1,543,000	1,276,000	-2,737,774	1,074,000	2,803,000	2,846,000	-9,058,348	1,958,000	3,431,000	3,681,000	-105,750,020	25,197,000	41,299,000	39,375,000	-118,101,583	30,857,000	45,283,000	42,109,000	-126,271,795	32,184,000	50,841,000		43,403,000	-134,275,821	35,217,000	55,175,000
leasing																																				890,000	894,000	889,000	886,000	1,032,000	1,123,000	1,119,000	1,112,000	1,102,000	1,223,000	949,000	1,088,000	1,038,000	1,056,000	1,056,000	1,076,000	1,076,000	757,000	984,000	1,053,000	1,062,000	1,055,000	-2,179,779	770,000	718,000	695,000	-1,750,627	571,000	598,000	585,000	-2,422,814	825,000	803,000	798,000	-2,741,444	920,000	906,000	919,000
net sales: - sum																																				59,522,000	43,751,000	42,196,000	39,787,000	64,831,000	44,738,000	45,269,000	45,218,000	67,444,000	48,306,000	46,316,000	47,875,000	68,110,000	47,131,000		46,506,000		43,418,000	61,574,000	44,859,000	40,430,000	44,061,000	-119,270,544	41,274,000	38,627,000	39,540,000	-115,630,196	40,897,000	35,478,000	39,416,000	-92,036,126	30,496,000	31,757,000	33,901,000	-95,498,882	30,645,000	29,903,000	35,081,000	-207,502,908	59,061,000	75,127,000	73,574,000	-216,629,875	64,509,000	76,876,000	75,530,000	-213,687,377	63,282,000	78,333,000		72,351,000	54,353,750	65,788,000	82,523,000
cost of sales:
cost of sales: - sum																																				17,535,000	16,410,000	14,165,000	14,479,000	19,165,000	15,176,000	15,415,000	15,147,000	20,897,000	17,984,000	16,301,000	16,671,000	21,169,000	17,247,000		15,095,000		13,387,000	18,862,000	15,424,000	13,146,000	14,502,000	-41,716,227	15,130,000	13,646,000	12,998,000	-41,765,670	15,116,000	12,367,000	14,340,000	-33,003,197	11,292,000	11,552,000	12,387,000	-36,264,295	11,710,000	11,220,000	13,384,000	-79,273,697	23,304,000	28,439,000	27,629,000	-83,581,252	24,873,000	29,687,000	29,132,000	-84,982,762	26,990,000	30,160,000		27,945,000	22,017,750	27,668,000	32,458,000
of ,																																						16
of 342 and 52																																							635
impairment of assets																																												270,500	1,082,000
discount on related party receivable																																												-91,000	-233,000		-130,000	-106,000	-141,000	-141,000	-142,000	-142,000	-142,000	-104,500	-135,000	-135,000	-147,000
of (173), 108, (241), and 507																																								111.75	321
of (120), 48, (68), and 399																																										225
net of tax benefits of 52 and 351																																											-99
net of tax																																												-235.75	-203	-88		-9.75	13	13	26	26
provision for income taxes																																														-326,000	-1,202,000	-656,000	-472,000		-1,336,000		-1,228,000	-790,000	-1,416,000	-1,077,000	-1,796,000	3,569,094	-1,166,000	-997,000	-1,412,000				-1,947,000											2,957,000	2,117,000			-4,452,000	-1,734,000			1,872,000		-590,000			-965,000
foreign currency translation adjustments, net of tax																																															-652						-78	-324.25	-358	-681	-258
other income																																																						1,000	20,000
benefit from income taxes																																																		-472,000		-1,336,000
comprehensive income:
foreign currency translation adjustments																																																										150	-25
comprehensive income: - sum																																																										1,027.25	1,592
income from continuing operations before income taxes																																																														-5,780,554	2,195,000	852,000	2,741,000
income from continuing operations																																																														455,750	724,000	305,000	794,000	-9,500	263,000
income from discontinued operations, net of tax																																																																		-39,452	-128,000
income from continuing operations per share:
basic and diluted																																																														0.028	0.04	0.02	0.05		0.02
loss from an equity method investee																																																																							-224,000
loss from continuing operations before income taxes																																																																		-514,500	-902,000
benefit for income taxes																																																																		505,000	1,165,000
net income attributable to common shareholders per share:
basic and diluted																																																																			0.01
weighted-average number of common shares outstanding:
basic	11,260	11,422	12,210	12,927	12,891	13,102	13,092	13,171	13,160	13,263	13,244	13,640	13,621	13,900	13,877	14,147	14,173	14,312	14,246	14,090	14,145	14,082				13,841						13,849				13,819		13,825	13,791	14,944	14,259	15,299	16,218	16,742	16,739	16,908	16,870	16,720	16,754	16,754	16,717	16,717	16,564	17,348	16,330	18,550	18,161	17,772	17,797	17,764	17,733	17,106	17,067	16,990	17,032	13,525	16,985	13,489
diluted	11,451	11,422	12,210	13,053	12,891	13,102	13,271	13,472	13,378	13,484	13,636	14,299	14,273	14,533	14,507	14,555	14,175	14,333	14,312	14,143	14,156	14,082				13,990						13,849				13,819		13,825	13,791	15,076	14,259	15,299	16,352	16,923	16,900	17,086	17,092	16,947	16,934	16,934	16,926	16,926	16,859	17,971	16,421	19,709	19,275	18,360	18,316	18,287	17,998	17,547	17,354	17,379	17,115	13,525	17,039	13,489
earnings from an equity method investee																																																																								224,000
net loss attributable to common shareholders per share:
basic																																																																				-0.03
diluted																																																																				-0.03
weighted average number of common shares:
basic																																																																					16,958	13,406	13,420	13,385	13,378	19,577	16,132	19,510	19,481	19,593	19,412	19,589	19,910	20,134	20,060	20,311		20,331			19,880
diluted																																																																					17,050	13,406	13,420	13,385	13,378	19,922	16,132	19,805	19,760	19,888	19,969	20,026	20,192	20,554	20,734	20,634		20,642			19,940
income (loss) from operations																																																																						-1,332,750	-1,233,000	-3,379,000		2,752,750	-852,000			3,869,000	2,383,000			-13,298,954	-1,379,000				2,495,000	-218,000	7,915,000
income (loss) before income taxes																																																																						-1,892,500	-2,178,000	-3,899,000						3,488,750	1,640,000
benefit (provision) for income taxes																																																																						328,750	-2,875,000	3,266,000		-1,265,750	11,000												300,750	3,006,000
net income available to common shareholders per share:
basic																																																																						-0.34	-0.38	-0.05		0.11	-0.09	0.16	0.11	0.04	0.03	0.19	0.02	0.7		0.4		0.09			0.19
diluted																																																																						-0.34	-0.38	-0.05		0.11	-0.09	0.16	0.1	0.03	0.03	0.19	0.02	0.7		0.39		0.09			0.19
gain on sale of manufacturing facility																																																																														1,225,773		-1,227,000
income (loss) before provision for income taxes																																																																										2,173,250	-1,522,000												2,619,250	63,000	8,051,000
preferred stock dividends																																																																														2,212,785	-348,000	-934,000	-934,000	3,447,615	-934,000	1,139,000		-1,379,000	6,542,730	-2,184,000	-2,184,000
net income available to common shareholders																																																																										-3,624,152	-1,511,000	3,082,000	2,059,000	-4,795,586	539,000	3,780,000	482,000	-9,988,812	85,000	8,074,000		1,854,000			4,902,000
income before provision for income taxes																																																																												6,039,000	4,176,000			9,166,000	3,150,000			11,085,000		3,823,000
legal settlement																																																																																		218,250		873,000
gain on disposal of investment in unconsolidated subsidiary																																																																																							-125,000	-500,000
income (loss) before benefit for income taxes																																																																																		3,293,250	-1,735,000
loss on recapitalization of preferred stock																																																																																							7,745,247	-7,753,000
gross margin																																																																																				48,173,000		44,406,000	-129,175,305	38,120,000	50,065,000
net income available to common shareholders per share
basic																																																																						-0.34	-0.38	-0.05		0.11	-0.09	0.16	0.11	0.04	0.03	0.19	0.02	0.7		0.4		0.09			0.19
diluted																																																																						-0.34	-0.38	-0.05		0.11	-0.09	0.16	0.1	0.03	0.03	0.19	0.02	0.7		0.39		0.09			0.19
training and services																																																																																							20,743,000	30,571,000	27,348,000
net loss attributable to common shareholders																																																																																							-656,000	-6,868,000
net loss attributable to common shareholders per share:
basic and diluted																																																																																							-0.045	-0.34
weighted average number of common shares:
basic and diluted																																																																																								19,922

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2018-01-09	2017-08-31	2017-05-31	2017-02-28	2016-11-26	2016-08-31	2016-05-28	2016-02-27	2015-11-28	2015-08-31	2015-05-30	2015-02-28	2014-11-29	2014-08-31	2014-07-09	2014-05-31	2014-04-10	2014-03-01	2013-11-30	2013-08-31	2013-06-01	2013-03-02	2012-12-01	2012-08-31	2012-05-26	2012-02-25	2011-11-26	2011-08-31	2011-05-28	2011-02-26	2010-11-27	2010-08-31	2010-05-29	2010-02-27	2009-11-28	2009-08-31	2009-05-30	2009-02-28	2008-11-29	2008-08-31	2008-05-31	2008-03-01	2007-12-01	2007-08-31	2007-06-02	2007-03-03	2006-12-02	2006-08-31	2006-05-27	2006-02-25	2005-11-29	2005-11-26	2005-08-31	2005-05-28	2005-02-26

assets
current assets:
cash and cash equivalents	11,972,000	13,717,000	17,525,000	31,698,000	33,707,000	40,393,000	53,294,000	48,663,000	36,574,000	40,904,000	33,959,000	38,230,000	39,329,000	55,121,000	58,152,000	60,517,000	52,068,000	61,062,000	51,250,000	47,417,000	35,757,000	40,343,000	34,260,000	27,137,000	37,006,000	24,810,000	32,761,000	27,699,000	10,858,000	13,108,000	11,085,000	10,153,000	11,774,000	10,760,000	8,087,000	8,924,000	7,956,000	10,686,000	7,876,000	10,456,000	8,863,000	5,262,000	22,324,000	16,234,000	13,795,000	18,599,000	7,571,000	10,483,000	5,337,000	5,337,000	7,188,000	7,188,000	2,002,000	12,291,000	8,903,000	15,541,000	7,278,000	11,011,000	6,465,000	8,214,000	2,591,000	3,016,000	1,129,000	1,266,000	1,704,000	3,484,000	2,210,000	3,162,000	1,148,000	1,688,000	1,216,000	4,026,000	3,490,000	15,904,000	4,815,000	5,334,000	8,756,000	6,126,000	5,170,000	28,620,000	22,879,000	30,587,000	28,804,000	36,354,000	51,690,000	32,828,000	51,690,000
accounts receivables	50,285,000	50,191,000	59,135,000	68,415,000	49,843,000	53,287,000	61,419,000	86,002,000	60,424,000	57,153,000	59,860,000	81,935,000	55,476,000	53,729,000	57,352,000	72,561,000	50,430,000	47,726,000	51,692,000	70,680,000	44,477,000	41,482,000	43,066,000	56,407,000	38,612,000	48,722,000	53,195,000	73,227,000	52,113,000	50,591,000	55,646,000	71,914,000	51,035,000	48,730,000	50,153,000	66,343,000	48,538,000	46,504,000	54,717,000	65,960,000	46,473,000	48,547,000	49,688,000	65,182,000	50,017,000	47,987,000	53,611,000	61,490,000	45,145,000	45,145,000	45,099,000	45,099,000	46,705,000	52,684,000	37,117,000	31,712,000	35,465,000	38,087,000	31,593,000	27,367,000	29,739,000	32,412,000	34,710,000	27,756,000	35,959,000	30,665,000	20,857,000	22,134,000	24,503,000	22,877,000	19,880,000	20,956,000	26,367,000	28,019,000	24,597,000	29,723,000	30,137,000	27,239,000	28,026,000	24,678,000	28,422,000	24,254,000	26,684,000	23,037,000	22,399,000	27,531,000	22,399,000	24,925,000	18,290,000
inventories	5,804,000	5,336,000	5,303,000	5,165,000	4,062,000	4,094,000	3,828,000	4,002,000	4,644,000	4,196,000	4,117,000	4,213,000	4,573,000	3,468,000	3,477,000	3,527,000	3,356,000	2,472,000	2,579,000	2,496,000	2,652,000	2,641,000	2,675,000	2,974,000	3,106,000	2,795,000	3,155,000	3,481,000	3,072,000	2,840,000	2,920,000	3,160,000	3,747,000	3,520,000	3,309,000	3,353,000	3,420,000	4,778,000	5,077,000	5,042,000	4,633,000	4,033,000	4,196,000	3,949,000	4,934,000	5,610,000	6,372,000	6,367,000	5,347,000	5,347,000	5,326,000	5,326,000	5,088,000	4,321,000	4,091,000	3,816,000	3,688,000	4,161,000	3,775,000	3,837,000	4,532,000	4,301,000	4,665,000	4,312,000	3,973,000	4,470,000	4,057,000	5,795,000	6,595,000	6,770,000	7,454,000	7,901,000	8,114,000	8,742,000	7,034,000	21,190,000	24,176,000	24,033,000	24,245,000	23,402,000	23,001,000	21,790,000	22,395,000	22,905,000	20,975,000	24,740,000	20,975,000	21,508,000	23,423,000
prepaid expenses and other current assets	23,745,000	26,188,000	27,061,000		23,391,000	23,270,000	20,247,000		18,389,000	20,182,000	19,306,000		17,352,000	18,532,000	17,364,000		16,233,000	16,105,000	16,162,000		15,343,000	15,799,000	15,430,000		13,295,000	15,531,000	14,092,000		13,016,000	12,879,000	13,841,000		11,265,000	11,997,000	12,604,000		9,199,000	8,598,000	8,053,000		6,034,000	6,449,000	5,560,000		5,225,000	5,759,000	6,038,000	6,053,000	4,766,000	4,766,000	4,464,000	4,464,000	4,285,000	3,822,000	4,643,000	4,674,000	4,166,000	3,714,000				3,605,000				7,454,000
total current assets	91,806,000	95,432,000	109,024,000	129,477,000	111,003,000	121,044,000	138,788,000	160,253,000	120,031,000	122,435,000	117,242,000	145,017,000	116,730,000	130,850,000	136,345,000	155,883,000	122,087,000	127,365,000	121,683,000	136,708,000	98,229,000	100,265,000	95,431,000	101,664,000	92,019,000	91,858,000	103,203,000	119,340,000	79,059,000	79,418,000	83,492,000	100,163,000	79,592,000	76,350,000	75,664,000	91,835,000	71,477,000	72,248,000	80,473,000	89,741,000	73,159,000	69,546,000	87,840,000	95,425,000	81,389,000	84,138,000	82,335,000	93,016,000	69,029,000	69,029,000	66,868,000	66,868,000	64,535,000	81,108,000	61,079,000	59,873,000	58,050,000	64,195,000	55,121,000	52,223,000	50,021,000	52,056,000	50,307,000	42,022,000	51,611,000	48,616,000	40,129,000	43,111,000	43,690,000	40,142,000	39,903,000	50,731,000	53,599,000	67,911,000	75,734,000	67,701,000	75,565,000	70,103,000	69,601,000	86,971,000	85,711,000	87,120,000	86,989,000	92,221,000	105,182,000	93,139,000	105,182,000	97,135,000	93,631,000
property and equipment	12,557,000	13,177,000	13,527,000	14,324,000	9,867,000	9,554,000	8,733,000	8,736,000	8,631,000	8,708,000	9,517,000	10,039,000	9,699,000	9,853,000	9,465,000	9,798,000	9,591,000	10,032,000	10,585,000	11,525,000	12,114,000	13,159,000	14,169,000	15,723,000	16,894,000	18,368,000	18,181,000	18,579,000	19,171,000	19,725,000	20,691,000	21,401,000	21,750,000	21,294,000	21,435,000	19,730,000	18,511,000	18,051,000	17,172,000	16,083,000	15,389,000	15,502,000	15,428,000	15,499,000	15,731,000	16,198,000	16,703,000	17,271,000	17,039,000	17,039,000	17,255,000	17,255,000	17,426,000	17,180,000	17,672,000	17,925,000	18,275,000	18,496,000	18,112,000	18,518,000	19,093,000	19,143,000	19,489,000	19,412,000	19,806,000	20,330,000	20,784,000	21,305,000	21,857,000	22,629,000	23,992,000	24,714,000	26,752,000	26,928,000	25,807,000	34,571,000	35,587,000	36,063,000	35,563,000	35,054,000	34,137,000	33,318,000	33,715,000	34,265,000	35,277,000	33,989,000	35,277,000	35,498,000	36,389,000
intangible assets	31,843,000	32,449,000	33,862,000	34,551,000	35,648,000	36,067,000	37,163,000	37,766,000	38,808,000	38,371,000	39,443,000	40,511,000	41,582,000	42,651,000	43,742,000	44,833,000	45,993,000	47,325,000	48,667,000	50,097,000	51,603,000	44,864,000	45,996,000	47,125,000	44,189,000	45,350,000	46,519,000	47,690,000	48,873,000	50,146,000	50,701,000	51,934,000	53,185,000	54,512,000	55,899,000	57,294,000	52,454,000	48,752,000	49,471,000	50,196,000	50,915,000	51,634,000	52,539,000	53,449,000	54,358,000	55,265,000	56,219,000	57,177,000	58,564,000	58,564,000	59,123,000	59,123,000	59,648,000	60,654,000	61,027,000	57,962,000	58,582,000	59,205,000	59,825,000	60,447,000	61,072,000	61,703,000	62,475,000	63,391,000	64,310,000	65,240,000	66,165,000	67,095,000	68,037,000	68,994,000	69,955,000	71,187,000	71,425,000	72,320,000	73,223,000	74,126,000	75,024,000	75,923,000	76,821,000	77,725,000	78,629,000	79,532,000	80,439,000	81,341,000	83,348,000	82,249,000	83,348,000	84,388,000	85,426,000
goodwill	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	31,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	24,220,000	21,164,000	19,903,000	19,903,000	19,903,000	19,903,000	19,903,000	19,903,000	19,903,000	19,903,000	19,903,000	19,641,000	19,641,000	19,641,000	19,641,000	16,135,000	16,135,000	16,135,000	16,135,000	16,124,000	9,172,000	9,172,000	9,172,000	9,172,000	9,172,000	9,172,000	9,172,000	9,172,000	3,761,000	3,761,000	3,761,000	3,761,000	505,000	505,000	505,000	505,000
deferred income tax assets	242,000	239,000	233,000	231,000	854,000	821,000	834,000	870,000	1,636,000	1,655,000	1,679,000	1,661,000	2,270,000	3,555,000	4,279,000	4,686,000	6,269,000	3,658,000	4,259,000	4,951,000	5,316,000	843,000	1,028,000	1,094,000	1,388,000	7,066,000	5,158,000	5,045,000	6,455,000	5,652,000	4,877,000	3,222,000	7,207,000	5,936,000							2,540,000	2,518,000	2,472,000	2,479,000	4,229,000	4,249,000	4,257,000	4,340,000	4,670,000	4,670,000	4,669,000	4,669,000	4,666,000	4,685,000	3,481,000	3,522,000	3,601,000	3,634,000				3,005,000	2,574,000	2,566,000		2,543,000
other long-term assets	30,342,000	33,972,000	33,397,000	33,109,000	29,692,000	22,634,000	23,168,000	22,694,000	20,645,000	19,544,000	19,721,000	17,471,000	16,223,000	15,956,000	12,378,000	12,735,000	13,236,000	13,864,000	14,246,000	15,153,000	14,167,000	15,378,000	15,516,000	15,611,000	14,894,000	14,923,000	14,010,000	10,039,000	10,086,000	11,015,000	12,343,000	12,935,000	13,429,000	14,585,000	16,889,000	16,925,000	14,046,000	13,601,000	12,989,000	13,713,000	13,172,000	13,220,000	14,177,000	14,807,000	12,954,000	13,204,000	14,062,000	14,785,000	14,234,000	14,234,000	14,440,000	14,440,000	12,005,000	9,875,000	9,310,000	9,401,000	9,592,000	9,534,000				9,353,000				9,396,000				11,608,000				11,768,000				14,441,000				12,249,000	10,714,000	9,951,000	9,426,000	9,951,000	9,426,000	8,941,000	9,045,000
liabilities and shareholders’ equity
current liabilities:
current portion of notes payable		835,000	831,000	823,000	816,000	835,000	835,000	835,000	2,085,000	3,335,000	4,585,000	5,835,000	5,835,000	5,835,000	5,835,000	5,835,000	5,835,000	5,835,000	5,835,000	5,835,000	5,835,000
accounts payable	6,424,000	6,611,000	5,531,000	8,780,000	6,234,000	6,796,000	5,961,000	7,862,000	6,185,000	7,734,000	5,667,000	6,501,000	7,102,000	8,488,000	6,878,000	10,864,000	8,067,000	6,644,000	5,485,000	6,948,000	4,655,000	5,060,000	3,691,000	5,622,000	3,922,000	8,735,000	6,970,000	9,668,000	7,428,000	7,933,000	7,685,000	9,790,000	8,652,000	9,108,000	7,068,000	9,119,000	8,525,000	7,691,000	7,440,000	10,376,000	8,210,000	7,953,000	6,201,000	8,306,000	6,692,000	7,573,000	7,038,000	12,001,000	6,980,000	6,980,000	9,566,000	9,566,000	7,815,000	9,294,000	6,868,000	6,399,000	6,518,000	7,758,000	6,263,000	7,040,000	8,226,000	9,154,000	6,533,000	5,005,000	8,131,000	6,847,000	6,943,000	7,062,000	8,656,000	8,758,000	7,418,000	6,860,000	7,770,000	8,713,000	8,341,000	11,133,000	15,199,000	12,190,000	12,301,000	10,211,000	12,464,000	13,769,000	11,418,000	11,774,000	13,704,000	12,794,000	13,704,000	9,345,000	8,716,000
deferred revenue	92,950,000	97,936,000	96,010,000																										45,168,000	45,209,000	46,221,000	51,888,000	39,190,000	36,136,000	35,250,000	40,772,000	28,645,000	21,118,000	20,282,000	20,847,000
customer deposits	20,027,000	25,021,000	24,971,000	16,327,000	20,054,000	19,960,000	21,815,000	16,972,000	22,204,000
accrued liabilities	20,728,000	21,840,000	21,389,000	24,828,000	21,494,000	16,849,000	23,893,000	32,454,000	22,215,000	19,301,000	21,300,000	28,252,000	23,940,000	18,654,000	23,380,000	34,205,000	28,570,000	23,302,000	26,107,000	34,980,000	28,012,000	22,837,000	21,902,000	22,628,000	18,212,000	18,717,000	16,976,000	23,555,000	20,505,000	16,074,000	16,948,000	20,761,000	17,130,000	18,986,000	15,781,000	22,617,000	16,165,000	14,293,000	13,516,000	17,418,000	24,089,000	22,294,000	21,391,000	29,634,000	20,222,000	19,525,000	20,020,000	29,586,000	20,817,000	20,817,000	18,601,000	18,601,000	19,491,000	31,140,000	22,801,000	17,977,000	17,705,000	24,530,000	18,899,000	19,133,000	17,444,000	22,813,000	22,585,000	23,395,000	22,855,000	26,743,000	23,109,000	22,258,000	22,606,000	20,976,000	18,369,000	20,288,000	20,937,000	23,419,000	21,145,000	29,180,000	30,135,000	30,101,000	28,483,000	30,538,000	30,686,000	32,170,000	33,660,000	33,646,000	36,536,000	32,354,000	36,536,000	35,506,000	29,391,000
total current liabilities	140,129,000	152,243,000	148,732,000	157,292,000	132,307,000	134,076,000	143,538,000	162,453,000	136,591,000	138,465,000	134,686,000	151,649,000	128,406,000	125,050,000	127,674,000	153,796,000	128,883,000	119,753,000	118,160,000	136,539,000	104,643,000	101,108,000	96,598,000	102,528,000	80,375,000	89,224,000	84,006,000	103,544,000	82,352,000	79,347,000	82,393,000	94,844,000	73,256,000	72,458,000	66,271,000	80,626,000	60,150,000	49,865,000	47,950,000	54,057,000	37,662,000	31,812,000	29,111,000	39,634,000	28,342,000	28,482,000	28,399,000	42,885,000	31,581,000	31,581,000	29,496,000	29,496,000	28,483,000	42,938,000	32,270,000	27,394,000	27,930,000	36,649,000	28,870,000	29,976,000	30,883,000	35,401,000	38,815,000	31,163,000	43,745,000	44,054,000	40,563,000	41,433,000	43,072,000	43,304,000	43,185,000	45,970,000	48,149,000	62,081,000	48,848,000	46,385,000	61,234,000	61,163,000	62,393,000	44,006,000	45,737,000	48,448,000	47,144,000	51,499,000	55,324,000	49,713,000	55,324,000	49,285,000	49,702,000
other liabilities	10,921,000	11,695,000	13,423,000	14,718,000	15,939,000	9,639,000	10,707,000	10,732,000	8,076,000	7,492,000	7,590,000	7,617,000	6,504,000	6,419,000	6,788,000	7,116,000	6,908,000	7,067,000	7,942,000	8,741,000	7,570,000	8,631,000	8,820,000	9,110,000	6,061,000	6,587,000	8,800,000	7,527,000	8,193,000	7,490,000	7,747,000	5,501,000	4,519,000	4,421,000	5,626,000	5,742,000	1,885,000	1,247,000	1,235,000	3,173,000	3,144,000	5,214,000	3,931,000	3,802,000	3,748,000	3,965,000	3,936,000	3,934,000	4,695,000	4,695,000	5,620,000	5,620,000	5,664,000	6,106,000	5,668,000	1,601,000	1,652,000	1,152,000	444,000	393,000	412,000	411,000	405,000	265,000	262,000	253,000	251,000	544,000	545,000	472,000	943,000	844,000	1,045,000	1,229,000	1,652,000	1,626,000	1,761,000	1,019,000	1,213,000	1,017,000	1,257,000	1,192,000	1,186,000	1,277,000	1,282,000	1,292,000	1,282,000	2,033,000	1,722,000
deferred income tax liabilities	4,024,000	4,501,000	5,096,000	3,991,000	3,147,000	2,983,000	2,913,000	3,132,000	1,847,000	1,057,000	1,011,000	2,040,000	199,000	199,000	199,000	199,000	375,000	375,000	375,000	375,000		4,812,000	5,089,000	5,298,000	4,274,000	180,000	180,000	180,000	210,000	210,000	210,000	210,000	39,000	41,000	39,000	1,033,000	83,000	2,081,000	6,328,000	6,670,000	7,078,000	7,226,000	7,178,000	7,098,000	5,322,000	5,984,000	5,954,000	5,575,000	8,725,000	8,725,000	7,416,000	7,416,000	6,896,000	6,479,000	7,195,000	6,859,000	6,944,000	7,001,000	5,712,000	5,118,000	4,467,000	4,084,000	4,355,000	3,314,000	2,889,000	1,637,000					1,217,000	3,345,000	4,073,000	4,572,000	4,455,000	4,981,000	2,822,000	565,000				11,000			9,715,000		9,715,000
total liabilities	155,074,000	168,439,000	167,251,000	176,001,000	152,705,000	148,814,000	159,259,000	178,404,000	148,808,000	151,106,000	148,321,000	167,265,000	143,217,000	142,724,000	147,811,000	176,341,000	153,450,000	147,336,000	148,623,000	169,791,000	138,317,000	139,689,000	137,607,000	145,984,000	136,556,000	128,870,000	127,756,000	142,899,000	113,698,000	115,142,000	119,464,000	133,375,000	121,335,000	116,582,000	113,119,000	125,666,000	94,568,000	86,789,000	90,819,000	97,156,000	82,513,000	78,119,000	64,425,000	75,139,000	62,404,000	63,792,000	64,012,000	78,472,000	71,421,000	71,421,000	69,278,000	69,278,000	68,107,000	82,899,000	72,810,000	63,816,000	64,767,000	73,525,000	64,637,000	65,971,000	67,114,000	72,111,000	75,591,000	64,691,000	77,054,000	76,308,000	71,374,000	72,720,000	74,539,000	74,874,000	76,610,000	81,578,000	85,306,000	100,173,000	87,459,000	85,673,000	98,655,000	95,712,000	96,841,000	78,232,000	80,376,000	83,210,000	91,752,000	96,317,000	100,407,000	94,676,000	100,407,000	52,617,000	52,765,000
shareholders’ equity:
common stock	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000	1,353,000				1,353,000				1,353,000				1,353,000				1,353,000				1,353,000				1,353,000			1,353,000		1,353,000
additional paid-in capital	229,260,000	229,610,000	229,327,000	230,251,000	230,375,000	228,143,000	227,273,000	231,813,000	228,612,000	225,776,000	224,701,000	232,373,000	229,134,000	225,643,000	222,413,000	220,246,000	217,862,000	215,348,000	213,504,000	214,888,000	211,283,000	208,816,000	209,667,000	211,920,000	211,067,000	216,045,000	217,946,000	215,964,000	214,092,000	212,960,000	212,290,000	211,280,000	210,521,000	210,007,000	209,840,000	212,484,000	212,894,000	212,225,000	212,368,000	211,203,000	211,081,000	210,034,000	209,295,000	208,635,000	207,533,000	207,050,000	207,445,000	207,148,000	205,888,000	205,888,000	205,237,000	205,237,000	204,639,000	210,227,000	207,747,000	207,924,000	176,642,000	182,534,000	182,023,000	181,056,000	180,609,000	179,515,000	184,618,000	184,257,000	183,857,000	183,794,000	183,511,000	183,331,000	183,436,000	183,436,000	183,424,000	183,467,000	184,284,000	184,313,000	183,836,000	185,003,000	184,982,000	185,890,000	186,091,000	186,288,000	185,782,000	185,691,000	186,272,000	187,484,000	190,760,000	188,415,000	190,760,000	192,148,000	194,960,000
retained earnings	124,086,000	121,001,000	122,983,000	126,272,000	121,900,000	123,309,000	124,385,000	123,204,000	111,248,000	105,527,000	104,653,000	99,802,000	92,990,000	88,427,000	86,688,000	82,021,000	76,443,000	69,281,000	67,403,000	63,591,000	61,784,000	49,030,000	49,076,000	49,968,000	48,988,000	59,956,000	58,859,000	59,403,000	53,528,000	55,552,000	59,069,000	63,569,000	61,790,000	64,324,000	67,064,000	69,456,000	64,797,000	69,337,000	72,670,000	76,628,000	68,902,000	69,954,000	70,402,000	69,612,000	61,943,000	60,751,000	60,324,000	58,496,000	46,041,000	46,041,000	44,119,000	44,119,000	42,148,000	40,429,000	32,709,000	30,599,000	29,007,000	26,110,000	22,710,000	21,093,000	19,931,000	18,269,000	15,285,000	14,563,000	14,256,000	13,462,000	13,982,000	13,847,000	14,228,000	13,980,000	18,556,000	23,609,000	24,244,000	25,337,000	23,119,000	24,630,000	21,548,000	19,489,000	18,876,000	18,337,000	14,557,000	14,075,000
accumulated other comprehensive loss	-1,170,000	-1,162,000	-1,238,000	-1,032,000	-863,000	-1,012,000	-970,000	-768,000	-1,250,000	-1,075,000	-936,000	-987,000	-665,000	-526,000	-672,000
treasury stock	-310,593,000	-312,752,000	-298,413,000	-289,933,000	-287,186,000	-279,267,000	-271,394,000	-272,467,000	-267,800,000	-260,754,000	-259,270,000	-253,887,000	-248,305,000	-223,536,000	-220,164,000	-220,264,000	-220,509,000	-200,387,000	-200,788,000	-200,678,000	-200,852,000	-201,074,000	-202,291,000	-204,429,000	-204,591,000	-204,761,000	-194,855,000	-194,975,000	-195,133,000	-195,301,000	-195,884,000	-196,043,000	-196,197,000	-196,339,000	-197,105,000	-198,895,000	-196,010,000	-196,423,000	-196,508,000	-196,691,000	-190,761,000	-188,827,000	-154,059,000	-154,286,000	-147,901,000	-142,202,000	-141,523,000	-141,734,000	-142,788,000	-142,788,000	-142,907,000	-142,907,000	-143,411,000	-147,189,000	-147,296,000	-147,972,000	-121,561,000	-128,112,000	-127,581,000	-127,786,000	-128,478,000	-128,673,000	-137,546,000	-137,736,000	-137,794,000	-138,185,000	-138,364,000	-138,580,000	-139,137,000	-139,323,000	-139,505,000	-139,753,000	-140,691,000	-140,904,000	-112,956,000	-113,816,000	-114,115,000	-114,385,000	-115,204,000	-115,756,000	-113,296,000	-113,379,000	-112,213,000	-110,616,000	-109,246,000	-108,998,000	-109,246,000	-110,174,000	-111,901,000
total shareholders’ equity	42,936,000	38,050,000	54,012,000	66,911,000	65,579,000	72,526,000	80,647,000	83,135,000	72,163,000	70,827,000	70,501,000	78,654,000	74,507,000	91,361,000	89,618,000	82,814,000	74,946,000	86,128,000	82,037,000	79,863,000	74,332,000	59,040,000	58,753,000	59,453,000	57,048,000	72,915,000	83,535,000	82,014,000	74,166,000	75,034,000	76,860,000							87,095,000	90,470,000	93,715,000	91,214,000	92,832,000	127,084,000	125,506,000	123,436,000	127,663,000	128,398,000	126,714,000	112,141,000	112,141,000	109,436,000	109,436,000	106,337,000	106,506,000	96,626,000	94,486,000	92,628,000	90,555,000	87,025,000	84,261,000	82,091,000	79,316,000	74,646,000	73,284,000	72,335,000	71,035,000	70,145,000	69,704,000	70,137,000	69,004,000	72,777,000	77,191,000	77,889,000	78,754,000	104,344,000	106,282,000	102,590,000	100,919,000	99,357,000	135,847,000	134,101,000	133,349,000	120,105,000	121,461,000	132,826,000	124,652,000	132,826,000	173,345,000	171,726,000
in thousands, except per-share data
prepaid expenses				5,114,000				5,111,000				4,401,000				4,711,000				3,252,000				3,646,000				3,906,000				3,864,000				3,569,000				2,949,000				2,570,000
other current assets				19,085,000				16,475,000				16,238,000				14,567,000				12,863,000				11,500,000				11,027,000				10,893,000				8,367,000																																											6,503,000	6,387,000	7,272,000		9,106,000	9,925,000		8,040,000		5,249,000	4,656,000
current portion of financing obligation					221,000	1,201,000	2,166,000	3,112,000	3,810,000	3,718,000	3,627,000	3,538,000	3,450,000	3,365,000	3,281,000	3,199,000	3,119,000	3,040,000	2,963,000	2,887,000	2,813,000	2,741,000	2,670,000	2,600,000	2,532,000	2,465,000	2,399,000	2,335,000	2,273,000	2,211,000	2,151,000	2,092,000	2,034,000	1,978,000	1,922,000	1,868,000	1,815,000	1,763,000	1,712,000	1,662,000	1,613,000	1,565,000	1,519,000	1,473,000	1,428,000	1,384,000	1,341,000	1,298,000	1,257,000	1,257,000	1,217,000	1,217,000	1,177,000	1,139,000	1,101,000	1,064,000	1,027,000	992,000	957,000	923,000	890,000	857,000		794,000	764,000	734,000	704,000	676,000	648,000
deferred subscription revenue				106,534,000	83,488,000	88,435,000	88,868,000	101,218,000	80,092,000	82,365,000	83,484,000	95,386,000	70,419,000	74,089,000	74,394,000	85,543,000	66,646,000	68,583,000	65,812,000	74,772,000	54,344,000	57,344,000	55,681,000	59,289,000	42,794,000	46,746,000	45,987,000	56,250,000
notes payable, less current portion						804,000	789,000	775,000	761,000	1,577,000	1,556,000	1,535,000	2,764,000	4,823,000	6,045,000	7,268,000	8,490,000	10,543,000	11,759,000	12,975,000	14,191,000
financing obligation, less current portion					1,312,000	1,312,000	1,312,000	1,312,000	1,533,000	2,515,000	3,478,000	4,424,000	5,344,000	6,233,000	7,105,000	7,962,000	8,794,000	9,598,000	10,387,000	11,161,000	11,913,000	12,638,000	13,350,000	14,048,000	14,726,000	15,379,000	16,020,000	16,648,000	17,258,000	17,844,000	18,419,000	18,983,000	19,530,000	20,055,000	20,570,000	21,075,000	21,565,000	22,033,000	22,493,000	22,943,000	23,379,000	23,796,000	24,205,000	24,605,000	24,992,000	25,361,000	25,723,000	26,078,000	26,420,000	26,420,000	26,746,000	26,746,000	27,064,000	27,376,000	27,677,000	27,962,000	28,241,000	28,515,000	28,778,000	29,026,000	29,269,000	29,507,000	29,735,000	29,949,000	30,158,000	30,364,000	30,560,000	30,743,000	30,922,000
commitments and contingencies
other deferred revenue										22,012,000	16,023,000	12,137,000	17,660,000	14,619,000	13,906,000	14,150,000	16,646,000	12,349,000	11,958,000	11,117,000	8,984,000	8,126,000	7,654,000	7,389,000	7,915,000	7,561,000	6,674,000	5,972,000
accumulated other comprehensive income																-542,000	-203,000	533,000	565,000	709,000	764,000	915,000	948,000	641,000	231,000	322,000	232,000	269,000	326,000	470,000	32,000	341,000	832,000	1,019,000	590,000	667,000	751,000	603,000	587,000	1,222,000	639,000	318,000	93,000	192,000	508,000	711,000	799,000	1,451,000	1,647,000	1,647,000	1,634,000	1,634,000	1,608,000	1,686,000	2,113,000	2,471,000	3,152,000	3,410,000	3,260,000	3,285,000	3,416,000	3,592,000	3,342,000	3,253,000	3,066,000	3,014,000	2,066,000	2,156,000	2,660,000	1,961,000	1,352,000	918,000	1,102,000	1,058,000	2,039,000	1,510,000	1,220,000	970,000	1,319,000	669,000	749,000	653,000	770,000	336,000	556,000	191,000	556,000	656,000	1,111,000
current portion of term notes payable																						5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	6,563,000	7,813,000	9,063,000	10,313,000	6,250,000	6,250,000	6,250,000	6,250,000	5,000,000	5,000,000	5,000,000
term notes payable, less current portion																						12,500,000	13,750,000	15,000,000	16,250,000	17,500,000	18,750,000	15,000,000	1,562,000	1,875,000	2,187,000	2,500,000	8,125,000	9,688,000	11,563,000	12,813,000	10,313,000	11,563,000	12,813,000
income taxes payable																												764,000	415,000	107,000	325,000									4,000				221,000							112,000	112,000		1,365,000	667,000	704,000	597,000	869,000	251,000	380,000	692,000	285,000	409,000	477,000	647,000	198,000					167,000			1,057,000	57,000	1,101,000	599,000	2,244,000	2,318,000	2,659,000	1,996,000	1,924,000	1,490,000	5,516,000	3,996,000	4,012,000	3,996,000	4,314,000	7,416,000
line of credit																									14,870,000				4,123,000	8,376,000	8,508,000	11,337,000	15,866,000	9,919,000	9,050,000	4,377,000	572,000					10,071,000							2,527,000	2,527,000											1,131,000		7,093,000	1,492,000	11,348,000	9,532,000	9,257,000	10,536,000	11,162,000	12,949,000	16,050,000	17,713,000	18,775,000		8,223,000	4,314,000	14,656,000	15,999,000	17,844,000
income taxes receivable																																179,000	816,000	549,000	329,000	259,000	1,316,000		2,633,000		2,572,000	1,204,000	432,000		1,301,000	783,000	2,267,000	2,432,000	3,183,000	3,183,000																	1,664,000	990,000	246,000	508,000		4,495,000	1,381,000
liabilities and shareholders' equity
shareholders' equity:
total shareholders' equity																																80,500,000	78,299,000	80,364,000	81,742,000	85,065,000	83,785,000
receivable from related party																																	955,000	794,000	1,182,000	1,020,000	1,048,000	1,682,000	2,117,000	1,933,000	2,044,000	1,533,000	3,168,000	2,425,000	1,888,000	1,151,000	2,219,000	1,851,000	581,000	581,000	122,000	122,000	1,789,000	3,305,000	2,844,000	608,000	3,852,000	3,588,000	6,259,000	5,402,000	6,381,000	5,717,000
long-term receivable from related party																																	251,000	49,000	754,000	727,000	701,000	1,329,000	1,281,000	1,235,000	1,189,000	1,146,000	1,622,000	1,562,000	1,505,000	2,747,000	3,450,000	3,296,000	5,055,000	5,055,000	4,893,000	4,893,000	4,695,000	4,453,000	4,224,000	3,969,000	3,724,000	3,478,000
other assets																																								3,401,000				2,586,000															9,432,000	9,872,000	9,847,000		8,794,000	9,389,000	9,901,000		10,680,000	10,408,000	10,587,000		11,395,000	12,137,000	11,419,000		16,934,000	15,451,000	14,963,000		14,129,000	13,965,000	12,577,000
current portion of term note payable																																								3,750,000	3,750,000
term note payable, less current portion																																								10,313,000	11,250,000
current portion of bank note payable																																																							833,000	1,250,000	2,083,000	2,500,000	2,500,000	2,500,000	2,500,000	2,292,000
bank note payable, less current potion																																																										208,000				2,708,000
common stock warrants																																																								111,000	4,035,000	5,260,000	5,260,000	5,260,000	5,260,000	5,260,000	7,594,000	7,594,000	7,597,000	7,597,000	7,597,000	7,597,000	7,597,000	7,597,000	7,597,000	7,597,000	7,597,000	7,597,000	7,602,000	7,602,000	7,602,000	7,602,000	7,602,000	7,611,000	7,611,000	7,611,000	7,611,000	7,611,000	7,611,000	7,611,000	7,611,000	7,611,000
in thousands, except per share data
deferred income taxes																																																											2,977,000	2,969,000	2,992,000				2,545,000		2,572,000	2,593,000	2,617,000	2,551,000	2,545,000	2,523,000	2,537,000	2,472,000	3,697,000	3,706,000	3,662,000	3,635,000	3,863,000	3,884,000	4,137,000	4,130,000
prepaid expenses and other assets																																																											4,052,000	4,434,000	3,786,000		7,229,000	6,122,000	7,430,000		6,983,000	8,437,000	8,581,000	5,748,000	4,268,000	4,252,000	4,743,000	5,102,000	4,837,000	7,748,000	8,834,000	9,070,000				6,359,000			9,419,000		9,419,000
bank note payable, less current portion																																																											833,000	1,458,000	2,083,000
common stock – 0.05 par value; 40,000 shares authorized, 27,056 shares issued and outstanding																																																											1,353,000	1,353,000	1,353,000		1,353,000	1,353,000	1,353,000		1,353,000	1,353,000	1,353,000		1,353,000	1,353,000	1,353,000		1,353,000	1,353,000	1,353,000		1,353,000
current portion of financing obligation and term loan																																																															2,195,000
term loan payable to bank, less current portion																																																															2,281,000
assets held for sale																																																																			1,786,000				1,990,000	1,707,000							1,794,000
note payable to bank																																																																			550,000	901,000
note receivable from equity method investee
current portion of long-term debt and financing obligation																																																																						621,000	598,000	587,000	667,000	670,000	667,000	657,000	645,000	629,000	619,000	598,000	591,000	585,000	576,000	563,000	1,088,000	553,000	1,088,000
tender offer obligation																																																																										28,222,000
long-term debt and financing obligation, less current portion																																																																						31,098,000	31,265,000	31,419,000	32,039,000	32,291,000	32,504,000	32,681,000	32,838,000	32,965,000	33,235,000	33,209,000	33,382,000	33,559,000	33,707,000	33,826,000	34,086,000	33,956,000	34,086,000
receivable from equity method investee																																																																							2,550,000	4,871,000	6,967,000	7,672,000
liabilities held for sale																																																																							583,000	522,000							828,000
assets of operations held for sale																																																																											30,754,000
liabilities of operations held for sale																																																																											10,415,000
other comprehensive loss held for sale																																																																											-649,000				-680,000
preferred stock – series a, no par value; 4,000 shares authorized, zero and 1,494 shares issued and outstanding; liquidation preference totaling zero and 38,278
preferred stock - series a, no par value; 4,000 shares authorized, 1,494 shares issued and outstanding; liquidation preference totaling 38,278																																																																																37,345,000	37,345,000
common stock - 0.05 par value; 40,000 shares authorized, 27,056 shares issued and outstanding																																																																																1,353,000	1,353,000		1,353,000	1,353,000
restricted cash																																																																																					699,000		699,000
preferred stock - series a, no par value; 4,000 shares authorized, 1,494 and 2,294 shares issued and outstanding; liquidation preference totaling 38,278 and 58,778																																																																																		37,345,000
deferred compensation on unvested stock grants																																																																																					-1,055,000		-1,055,000
deferred income tax liability																																																																																			9,715,000	9,715,000		9,715,000
preferred stock - series a, no par value; 4,000 shares authorized, 1,494 and 2,294 shares issued and outstanding; liquidation preference totaling 38,278 and 58,788																																																																																			37,345,000	37,345,000
accumulated deficit																																																																																			-1,033,000	-2,052,000	-14,498,000	-11,265,000	-14,498,000	-4,871,000	-186,000
short-term investments
preferred stock - series a, no par value; 4,000 shares authorized, 2,294 shares issued; liquidation preference totaling 58,778																																																																																					57,345,000		57,345,000
preferred stock - series a, no par value; convertible into common stock at 14 per share; 4,000 shares authorized, 873 shares issued; liquidation preference totaling 89,530; recapitalized in 2005
preferred stock-series a, no par value; 4,000 shares authorized, 1,894 and 2,294 shares issued; liquidation preference totaling 48,528 and 58,788																																																																																						47,345,000
common stock - 0.05 par value; 40,000 shares authorized, 27,056 shares issued																																																																																						1,353,000		1,353,000	1,353,000
cash, cash equivalents, and short-term investments																																																																																								45,453,000	47,262,000
current portion of long-term debt																																																																																								120,000	120,000
long-term debt, less current portion																																																																																								1,299,000	1,341,000
preferred stock - series a, no par value; 4,000 shares authorized, 3,494 issued; liquidation preference totaling 89,529																																																																																								87,345,000
preferred stock - series a, no par value; convertible into common stock at 14 per share; 4,000 shares authorized, 3,494 shares issued; liquidation preference totaling 89,530; recapitalized in 2005
deferred compensation on restricted stock grants																																																																																								-723,000	-814,000
outsourcing contract costs payable																																																																																									4,059,000
preferred stock - series a, no par value; convertible into common stock at 14 per share; 4,000 shares authorized, 873 shares issued; liquidation preference totaling 89,530																																																																																									87,203,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31	2024-05-31	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2018-01-09	2017-08-31	2017-05-31	2017-02-28	2016-11-26	2016-08-31	2016-05-28	2016-02-27	2015-11-28	2015-08-31	2015-05-30	2015-02-28	2014-11-29	2014-08-31	2014-05-31	2014-03-01	2013-11-30	2013-08-31	2013-06-01	2013-03-02	2012-12-01	2012-08-31	2012-05-26	2012-02-25	2011-11-26	2011-08-31	2011-05-28	2011-02-26	2010-11-27	2010-08-31	2010-05-29	2010-02-27	2009-11-28	2009-08-31	2009-05-30	2009-02-28	2008-11-29	2008-08-31	2008-05-31	2008-03-01	2007-12-01	2007-08-31	2007-06-02	2007-03-03	2006-12-02	2006-08-31	2006-05-27	2005-11-26	2005-08-31	2005-05-28

cash flows from operating activities
net loss																							-892,000	980,000			-544,000	5,875,000	-2,024,000	-3,517,000	-1,357,000		-2,534,000	-2,740,000	-2,392,000
adjustments to reconcile net loss to net cash from operating activities:
depreciation and amortization	1,799,000	1,810,000	1,786,000	2,185,000	2,110,000	2,115,000	2,048,000	1,955,000	2,052,000	1,984,000	2,162,000	2,212,000	2,020,000	2,043,000	2,338,000	2,377,000	2,546,000	2,536,000	2,710,000	2,789,000	2,661,000	2,874,000	2,872,000	2,841,000	2,816,000	2,824,000	2,789,000	2,740,000	2,830,000	2,997,000	2,792,000	2,800,000	2,654,000	2,776,000	2,295,000	2,397,000	1,809,000	1,649,000	1,588,000	1,593,000	1,741,000	1,787,000	1,822,000	2,067,000	1,898,000	1,993,000	1,917,000	1,909,000	1,838,000	1,806,000	1,773,000	1,750,000	1,713,000	1,344,000	1,324,000	1,395,000	1,321,000	1,493,000	1,489,000	1,701,000	1,812,000	1,755,000	1,839,000	1,697,000	1,845,000	1,951,000	1,936,000	2,435,000	1,990,000	1,800,000	1,813,000	1,834,000	2,792,000	2,418,000	2,489,000	2,527,000	2,526,000	2,637,000	2,340,000	2,243,000	2,475,000	3,037,000	2,892,000	3,414,000
amortization of capitalized curriculum costs	1,563,000	1,326,000	1,189,000		1,098,000	1,138,000	1,033,000		839,000	810,000	691,000		737,000	805,000	843,000		754,000	831,000	789,000		833,000	861,000	889,000		1,013,000	1,000,000	1,029,000		1,095,000	1,425,000	1,431,000		1,363,000	1,283,000	1,277,000		872,000	834,000	977,000	1,085,000	965,000	920,000	895,000	1,046,000	1,102,000	1,013,000	932,000	894,000	879,000	567,000	484,000	444,000	489,000	487,000	471,000	463,000	451,000	424,000	478,000	425,000	371,000	420,000	423,000	428,000	483,000	587,000	585,000
stock-based compensation	1,498,000	2,664,000	1,429,000		2,217,000	1,346,000	2,167,000		2,827,000	1,368,000	2,897,000		3,307,000	3,315,000	2,735,000		2,369,000	1,969,000	1,649,000		2,370,000	1,599,000	1,158,000
deferred income taxes	-477,000	-595,000	1,105,000	1,456,000	157,000	71,000	-216,000	2,054,000	809,000	70,000	-1,048,000	2,349,000	1,269,000	737,000	393,000	1,530,000	-2,686,000	598,000	679,000	731,000	-10,323,000	-87,000	-111,000	1,416,000	9,690,000	-1,897,000	-115,000	1,156,000	-805,000	-757,000	-645,000	4,070,000	-1,247,000	-3,559,000	-1,799,000	733,000	-2,071,000			2,110,000	-316,000	-75,000	135,000	3,410,000	-554,000	79,000	730,000	-2,944,000	1,302,000	504,000	459,000	-1,935,000	334,000	-82,000	-56,000	1,006,000	646,000	662,000	394,000	-639,000	1,062,000	406,000	1,263,000	2,948,000	-552,000	-483,000	493,000	-2,113,000	-2,128,000	-736,000	-499,000	1,022,000	-526,000	2,159,000	1,497,000	450,000	606,000	3,304,000	914,000
amortization of right-of-use operating lease assets	190,000	203,000	247,000	218,000	105,000	125,000	162,000	164,000	193,000	204,000	199,000	201,000	222,000	208,000	203,000	218,000	220,000	250,000	225,000	245,000	249,000	250,000	259,000
gain on license obligation restructuring	0
changes in assets and liabilities:
decrease in accounts receivable	-226,000	9,113,000	9,209,000	-18,789,000	3,802,000	8,261,000	24,190,000		-3,258,000	2,597,000	22,097,000		-1,979,000	3,906,000	15,144,000	-22,200,000	-3,131,000	4,096,000	18,829,000	-26,657,000	-2,587,000	1,496,000	13,482,000	-17,550,000	10,136,000	4,466,000	20,090,000	-21,231,000	-1,736,000	5,101,000	16,096,000	-21,168,000	-2,422,000	1,763,000	16,148,000	-17,441,000	-1,455,000	8,210,000	10,850,000		2,303,000	1,188,000	15,410,000		-2,156,000	5,541,000	7,373,000		-25,000	1,174,000	5,939,000		-5,529,000	3,466,000	2,510,000		-4,249,000	2,317,000	2,530,000	2,424,000	-6,877,000			-9,533,000	1,061,000
increase in inventories	-479,000																																						-191,000				-260,000				-128,000																														-1,335,000	-447,000	-1,169,000			-3,865,000
decrease in prepaid expenses and other assets	3,661,000	1,067,000	-399,000		1,237,000	-589,000	1,781,000		2,005,000	-969,000	996,000		2,082,000	-973,000	2,306,000		-32,000	157,000	196,000	-2,273,000			-176,000	-2,551,000	1,964,000	-836,000	656,000	-2,553,000	160,000	1,578,000	847,000		764,000								813,000																				-161,000	1,806,000	102,000	-120,000	952,000
decrease in accounts payable and accrued liabilities	-132,000	2,191,000	-6,164,000		4,376,000	-3,395,000	-10,912,000		-808,000	487,000	-7,984,000		4,208,000	-2,725,000	-14,098,000			-1,340,000	-9,825,000			2,477,000	-2,721,000		-4,098,000	2,374,000	-9,333,000		3,506,000	-1,200,000	-5,098,000		-2,231,000	5,815,000	-8,125,000		1,082,000	1,125,000	-6,562,000		1,939,000	2,805,000	-10,531,000		-20,000	10,000	-14,155,000		-406,000	2,071,000	-11,909,000		1,936,000	201,000	-7,524,000		-892,000				749,000				-1,782,000			1,355,000	-1,460,000			1,372,000	-1,172,000				839,000	-2,335,000	-2,861,000		941,000	-4,597,000
decrease in deferred revenue and customer deposits	-10,234,000	937,000	-2,725,000		-5,397,000	-3,280,000	-7,079,000
decrease in income taxes payable/receivable	897,000																	-191,000	-47,000		-566,000																				-1,384,000	-774,000	-657,000		-508,000	1,475,000	-63,000
decrease in other long-term liabilities	-20,000	-127,000	-514,000		-217,000	-179,000	-228,000		-59,000	-91,000	-99,000		-176,000	-238,000	-89,000		-225,000	-548,000	-570,000		-480,000	-393,000	-519,000		0	0	-6,000		-230,000									922,000	-911,000						-140,000	29,000	67,000												-2,000									-1,000	107,000				35,000				-13,000
net cash from operating activities	1,125,000	16,253,000	98,000	9,938,000	6,263,000	-1,369,000	14,145,000	21,872,000	8,173,000	12,774,000	17,438,000	9,791,000	14,739,000	8,191,000	3,017,000	12,718,000	16,298,000	13,074,000	10,164,000	15,325,000	8,940,000	11,036,000	10,876,000	8,854,000	1,336,000	10,537,000	6,836,000	11,828,000	5,274,000	5,216,000	8,134,000	8,269,000	-775,000	7,029,000	2,338,000	5,697,000	4,880,000	9,658,000	-2,878,000	10,798,000	5,032,000	9,726,000	7,109,000	10,774,000	3,200,000	14,072,000	-1,856,000	8,828,000	990,000	10,280,000	-1,974,000	6,616,000	-1,267,000	10,475,000	-296,000	6,884,000	-500,000	8,558,000	620,000	9,430,000	-2,095,000	10,457,000	-2,149,000	1,533,000	1,686,000	2,182,000	1,623,000	2,442,000	37,000	4,485,000	-1,682,000	-3,978,000	-2,625,000	8,841,000	5,590,000	4,661,000	-90,000	12,579,000	-3,792,000	7,082,000	-1,298,000	-6,166,000	10,284,000	955,000
capital expenditures	-1,250,000	-1,447,000	-144,000	-4,203,000	-1,779,000	-1,273,000	-998,000	-1,076,000	-900,000	-580,000	-1,027,000	-443,000	-1,021,000	-1,476,000	-1,027,000	-733,000	-811,000	-822,000	-282,000	-123,000	-251,000	-664,000	-165,000	-1,164,000	-1,453,000	-372,000	-1,159,000	-1,344,000	-573,000	-842,000	-984,000	-1,873,000	418,000	-2,542,000	-1,513,000	-1,781,000	-962,000	-2,007,000	-1,740,000	-1,239,000	-853,000	-1,292,000	-275,000	-734,000	-712,000	-403,000	-463,000	-1,109,000	-590,000	-580,000	-1,087,000	-426,000	-261,000	-440,000	-946,000	-851,000	-540,000	-580,000	-126,000	-386,000	-1,197,000	-582,000	-126,000	-498,000	-549,000	-110,000	-30,000	-153,000	-320,000	-1,914,000	174,000	-1,380,000	369,000	-1,388,000	-705,000	-1,283,000	-2,478,000	-3,088,000	-2,289,000	-1,032,000	-896,000	-599,000	-1,508,000	-1,551,000
free cash flows	-125,000	14,806,000	-46,000	5,735,000	4,484,000	-2,642,000	13,147,000	20,796,000	7,273,000	12,194,000	16,411,000	9,348,000	13,718,000	6,715,000	1,990,000	11,985,000	15,487,000	12,252,000	9,882,000	15,202,000	8,689,000	10,372,000	10,711,000	7,690,000	-117,000	10,165,000	5,677,000	10,484,000	4,701,000	4,374,000	7,150,000	6,396,000	-357,000	4,487,000	825,000	3,916,000	3,918,000	7,651,000	-4,618,000	9,559,000	4,179,000	8,434,000	6,834,000	10,040,000	2,488,000	13,669,000	-2,319,000	7,719,000	400,000	9,700,000	-3,061,000	6,190,000	-1,528,000	10,035,000	-1,242,000	6,033,000	-1,040,000	7,978,000	494,000	9,044,000	-3,292,000	9,875,000	-2,275,000	1,035,000	1,137,000	2,072,000	1,593,000	2,289,000	-283,000	2,571,000	-1,508,000	-5,358,000	-2,256,000	7,453,000	4,885,000	3,378,000	-2,568,000	9,491,000	-6,081,000	6,050,000	-2,194,000	-6,765,000	8,776,000	-596,000
cash flows from investing activities
purchases of property and equipment	-1,157,000	-1,036,000	-1,727,000	-4,203,000	-1,779,000	-1,273,000	-998,000	-1,076,000	-902,000	-644,000	-1,072,000	-970,000	-901,000	-1,404,000	-1,240,000	-1,097,000	-816,000	-744,000	-520,000	-417,000	-308,000	-692,000	-185,000	-847,000	-820,000	-1,108,000	-1,408,000	-1,157,000	-801,000	-764,000	-1,431,000	-1,547,000	-693,000	-1,874,000	-2,414,000	-2,061,000	-1,182,000	-1,904,000	-2,040,000	-1,387,000	-870,000	-1,106,000	-630,000	-827,000	-626,000	-476,000	-517,000	-1,137,000	-613,000	-608,000	-1,112,000	-344,000	-398,000	-462,000	-970,000	-851,000	-415,000	-459,000	-554,000	-386,000	-1,138,000	-499,000	-303,000	-498,000	-485,000	-272,000	-129,000	-153,000	-266,000	-1,271,000	-585,000	-1,380,000	-439,000	-1,077,000	-1,268,000	-1,283,000	-2,478,000	-3,088,000	-2,289,000	-1,032,000	-896,000	-599,000	-1,508,000	-1,551,000
curriculum development costs	-994,000	-2,062,000	-2,023,000		-1,715,000	-948,000	-1,432,000		-1,425,000	-1,102,000	-2,668,000		-1,564,000	-4,303,000	-974,000		-605,000	-531,000	-243,000		-535,000	-1,029,000	-263,000		-1,204,000	-1,774,000	-458,000		-565,000	-567,000	-689,000		-260,000	-1,482,000	-703,000		-1,805,000	-1,679,000	-666,000		-1,243,000	-321,000	-106,000		-1,082,000	-292,000	-249,000		-689,000	-2,975,000	-2,739,000		-559,000	-568,000	-493,000		-91,000	-570,000	-1,097,000		-711,000	-332,000	-1,001,000		-101,000	-79,000	-86,000		-315,000	-735,000	-412,000		-1,293,000	-994,000	-573,000		-1,071,000	-2,576,000	-587,000		-851,000	-702,000
reacquisition of license rights					0	0	-324,000
net cash from investing activities	-2,151,000	-3,098,000	-3,750,000	-8,419,000	-3,494,000	-2,221,000	-2,754,000	-3,497,000	-2,327,000	-1,746,000	-3,740,000	-3,164,000	-2,465,000	-5,707,000	-2,214,000	-1,872,000	-1,421,000	-1,275,000	-763,000	-749,000	-11,397,000	-1,721,000	-448,000	-2,493,000	-2,024,000	-2,882,000	-4,466,000	-2,024,000	-1,366,000	-1,363,000	-2,120,000	-2,100,000	-953,000	-3,355,000	-4,226,000	-8,899,000	-6,487,000	-3,583,000	-2,706,000	-1,953,000	-2,113,000	-1,427,000	-736,000	-1,370,000	-1,708,000	-1,030,000	-766,000	-2,521,000	-5,219,000	-4,708,000	-4,976,000	-2,773,000	-4,317,000	-1,030,000	-1,463,000	-1,206,000	-506,000	-1,029,000	-1,651,000	-1,439,000	-7,260,000	-831,000	-1,304,000	-278,000	-1,158,000	-351,000	-215,000	1,433,000	-792,000	-2,847,000	-997,000	22,994,000	-1,668,000	-1,551,000	-1,255,000	-1,987,000	-3,211,000	-3,406,000	-2,876,000	-3,137,000	-1,747,000	-1,301,000	-3,692,000	11,369,000
cash flows from financing activities
proceeds from line of credit borrowings	0																							0				15,831,000	20,419,000	23,348,000	22,684,000	22,284,000	24,060,000	22,414,000	24,633,000	26,509,000				7,139,000	18,942,000							8,625,000	19,331,000
payments on line of credit borrowings	0																											-19,954,000	-24,672,000	-23,480,000	-25,513,000	-26,812,000	-18,114,000	-21,545,000	-19,960,000	-22,704,000				-7,139,000	-29,013,000							-11,152,000	-16,804,000
payments on notes payable
principal payments on financing obligation				-222,000	-982,000	-963,000	-945,000	-920,000	-890,000	-873,000	-855,000	-833,000	-804,000	-788,000	-774,000	-752,000	-726,000	-711,000	-698,000	-678,000	-653,000	-641,000	-628,000	-610,000	-586,000	-575,000	-564,000	-548,000	-524,000	-515,000	-505,000	-490,000	-468,000	-459,000	-451,000	-436,000	-417,000	-408,000	-401,000	-387,000	-369,000	-361,000	-355,000		-325,000	-318,000	-317,000		-296,000	-275,000	-277,000		-280,000	-264,000	-242,000		-218,000	-230,000	-213,000		-114,000	-183,000	-178,000		-161,000	-161,000	-157,000
purchases of common stock for treasury	-7,000	-17,437,000	-10,674,000	-3,383,000	-8,333,000	-8,704,000	-5,954,000	-4,905,000	-7,431,000	-2,105,000	-16,308,000	-5,883,000	-25,007,000	-3,830,000	-835,000	0	-20,315,000	-47,000	-3,488,000	0	0	-1,441,000	-1,530,000	-138,000	0	-13,830,000	-3,000	0	0	-5,000	-7,000	-1,000	0	-37,000	-1,968,000	-3,347,000	-316,000	-1,751,000	-17,000	-6,145,000	-2,119,000	-35,288,000	-34,000	-6,538,000	-5,988,000	-1,845,000	-56,000	-1,018,000	0	-149,000	-3,214,000	136,000	-228,000	-41,000	-1,176,000
proceeds from sales of common stock held in treasury	318,000	269,000	289,000	437,000	428,000	355,000	320,000	390,000	393,000	328,000	356,000	377,000	423,000	372,000	367,000	330,000	338,000	324,000	344,000	290,000	319,000	208,000	256,000	266,000	296,000	230,000	254,000	281,000	250,000	214,000	230,000	249,000	211,000	190,000	158,000	213,000	188,000	128,000	153,000	190,000	184,000	147,000	158,000	185,000	180,000	162,000	162,000	181,000	155,000	145,000	133,000	160,000	134,000	97,000	104,000
net cash from financing activities	-524,000	-17,168,000	-10,385,000	-3,168,000	-9,722,000	-9,312,000	-6,579,000	-6,685,000	-10,013,000	-3,900,000	-18,057,000	-7,589,000	-27,866,000	-5,803,000	-2,921,000	-2,007,000	-23,216,000	-1,987,000	-5,460,000	-2,720,000	-1,943,000	-3,335,000	-3,481,000	-16,732,000	13,074,000	-15,554,000	2,655,000	7,315,000	-6,272,000	-2,084,000	-4,891,000	-7,468,000	2,983,000	-1,356,000	1,162,000	4,153,000	-1,223,000	-3,281,000	3,485,000	-7,331,000	458,000	-25,431,000	-231,000	-6,558,000	-6,133,000	-2,001,000	-211,000	-1,194,000	2,386,000	-279,000	-3,358,000	-8,000	-932,000	-986,000	-1,908,000	-1,163,000	-728,000	-1,901,000	600,000	-6,028,000	9,232,000	-10,010,000	1,711,000	-367,000	-1,705,000	347,000	-1,892,000	-3,737,000	-1,773,000	-1,241,000	-9,497,000	-8,216,000	3,861,000	-10,414,000	-1,390,000	-1,930,000	-19,880,000	-3,539,000	-1,027,000	-2,170,000	-4,675,000	-11,351,000	-172,000	-1,368,000
effect of foreign currency exchange rates on cash and cash equivalents	-195,000	205,000	-136,000	-360,000	267,000	1,000	-181,000	399,000	-163,000	-183,000	88,000	-137,000	-200,000	288,000	-247,000	-390,000	-655,000	0	-108,000	-196,000	-186,000	103,000	176,000	502,000	-190,000	-52,000	37,000	-278,000	114,000	254,000	-191,000	-322,000	-241,000	355,000	-111,000	17,000	100,000	16,000	-481,000	79,000	224,000	70,000	-52,000	-407,000	-163,000	-13,000	-79,000	33,000	-8,000	-107,000	19,000	-447,000	-122,000	-196,000	-66,000
net decrease in cash and cash equivalents	-1,745,000										-4,271,000																								-837,000												-2,912,000				-10,289,000				-3,733,000				-425,000				-1,780,000				-540,000		-2,810,000				-481,000				-23,450,000	5,741,000	-7,708,000			-18,862,000
cash and cash equivalents at the beginning of the period	0	0	31,698,000		0	0	48,663,000		0	0	38,230,000		0	0	60,517,000		0	0	47,417,000		0	0	27,137,000		0	0	27,699,000		0	0	10,153,000		0	0	8,924,000		0	0	10,456,000		0	0	16,234,000		0	0	10,483,000		0	0	12,291,000		0	0	11,011,000
cash and cash equivalents at the end of the period	-1,745,000	-3,808,000	17,525,000		-6,686,000	-12,901,000	53,294,000		-4,330,000	6,945,000	33,959,000		-15,792,000	-3,031,000	58,152,000		-8,994,000	9,812,000	51,250,000		-4,586,000	6,083,000	34,260,000		12,196,000	-7,951,000	32,761,000		-2,250,000	2,023,000	11,085,000		1,014,000	2,673,000	8,087,000		-2,730,000	2,810,000	7,876,000		3,601,000	-17,062,000	22,324,000		-4,804,000	11,028,000	7,571,000		-1,851,000	5,186,000	2,002,000		-6,638,000	8,263,000	7,278,000
supplemental disclosure of cash flow information:
cash paid for income taxes	150,000	-74,000	353,000	643,000	1,021,000	5,284,000	745,000	1,243,000	1,318,000	822,000	822,000	856,000	848,000	768,000	836,000	1,466,000	442,000	725,000	577,000	312,000	666,000	385,000	403,000	344,000	332,000	449,000	932,000	531,000	416,000	589,000	242,000	394,000	962,000	516,000	640,000	728,000	892,000	254,000	688,000	710,000	1,055,000	620,000	1,025,000	600,000	841,000	458,000	484,000	554,000	3,040,000	675,000	2,054,000	1,277,000	887,000	503,000	1,329,000	615,000	634,000	570,000	511,000	565,000	563,000			-37,000	54,000			217,000	632,000	380,000	1,559,000	432,000	1,431,000	588,000	1,098,000	566,000	534,000	452,000	818,000	331,000	1,191,000	599,000	779,000	168,000
cash paid for interest	56,000	78,000	68,000	68,000	162,000	123,000	143,000	176,000	316,000	278,000	337,000	343,000	420,000	366,000	372,000	360,000	513,000	372,000	410,000	435,000	549,000	523,000	562,000	529,000	607,000	564,000	580,000	531,000	579,000	625,000	651,000	708,000	673,000	660,000	614,000	467,000	611,000	621,000	615,000	606,000	564,000	520,000	541,000	524,000	537,000	530,000	539,000	560,000	558,000	559,000	560,000	569,000	570,000	586,000	597,000	604,000	614,000	625,000	630,000	677,000	647,000	675,000	703,000	706,000	711,000	735,000	710,000	715,000	728,000	799,000	784,000	671,000	731,000	821,000	923,000	925,000	724,000	656,000	668,000	661,000	664,000	673,000	527,000	26,000
non-cash investing and financing activities:
acquisition of property and equipment and capitalized curriculum financed by accounts payable	-93,000	-411,000	1,583,000
consideration for reacquired license rights from liabilities of seller				0	0	0	168,000
acquisition of right-of-use operating lease assets for operating lease liabilities	0	0	310,000						914,000	7,000	121,000		56,000	320,000	128,000		6,000	196,000	142,000		0	159,000	726,000
acquisition of content rights financed by accrued liabilities and other liabilities
net income		-1,982,000	-3,289,000	4,372,000	-1,409,000	-1,076,000	1,181,000	11,956,000	5,721,000	874,000	4,851,000	6,812,000	4,563,000	1,739,000	4,667,000	5,578,000	7,162,000	1,878,000	3,812,000	1,807,000	12,754,000																	-3,333,000	-3,958,000	7,726,000	-1,052,000	-448,000	790,000	7,669,000	1,192,000	427,000	1,828,000	12,455,000	1,922,000	1,971,000	1,719,000	7,720,000	2,110,000	1,592,000	2,897,000	3,400,000	1,617,000	1,162,000	1,662,000	2,984,000	722,000	307,000	794,000	-520,000			248,000	-4,577,000	-5,053,000	-633,000	-569,000	2,218,000	-1,511,000	3,082,000	2,059,000	613,000	887,000	4,713,000	1,416,000	15,108,000	1,019,000	3,233,000	-1,494,000	3,068,000
adjustments to reconcile net income to net cash from operating activities:
decrease in inventories			-146,000			-258,000	161,000			-89,000	100,000			33,000	38,000	-160,000	-913,000	117,000	-92,000	141,000	-24,000	37,000	309,000	175,000	-304,000	353,000	328,000	-418,000	-244,000	169,000	233,000	558,000	-244,000	-183,000	26,000	92,000	1,364,000			-323,000	-556,000			989,000	640,000						-785,000	-228,000	-334,000	-227,000	431,000	-362,000	68,000	658,000	-268,000	472,000	-325,000	-272,000	507,000	-428,000	-113,000	684,000	463,000	778,000	602,000	120,000	670,000												560,000	1,888,000
increase in income taxes payable/receivable			-1,630,000	1,720,000	-1,871,000							426,000				-217,000							-111,000	621,000	190,000	-576,000	-1,029,000	531,000	144,000	-289,000	503,000	673,000	-276,000	-235,000	-53,000	1,072,000	-1,016,000	2,325,000	-2,630,000																					-128,000	-67,000	-178,000	438,000	1,863,000	-676,000
net increase in cash and cash equivalents			-14,173,000			-12,901,000	4,631,000					-1,099,000	-15,792,000	-3,031,000	-2,365,000	8,449,000	-8,994,000	9,812,000	3,833,000	11,660,000	-4,586,000	6,083,000	7,123,000	-9,869,000	12,196,000	-7,951,000	5,062,000	16,841,000	-2,250,000	2,023,000	932,000	-1,621,000	1,014,000					2,810,000	-2,580,000	1,593,000	3,601,000	-17,062,000	6,090,000	2,439,000	-4,804,000							3,388,000	-6,638,000			4,546,000	-1,749,000			1,887,000	-137,000			1,274,000	-952,000						-12,414,000				2,630,000					1,783,000	-7,550,000		6,237,000	10,611,000
in thousands
adjustments to reconcile net income to net cash provided
by operating activities:
amortization of capitalized curriculum development costs
stock-based compensation expense																										1,793,000	1,851,000	1,749,000	1,051,000	1,043,000	946,000	664,000	446,000	780,000	956,000	-329,000	1,210,000	1,563,000	1,214,000
impaired asset
change in the fair value of contingent consideration liabilities
increase in prepaid expenses and other assets																																			-416,000	-3,141,000	-269,000	7,000	-1,458,000				-585,000	-2,347,000			-209,000	-762,000	-306,000	-128,000	-347,000		59,000	-416,000	-570,000
increase in accounts payable and accrued liabilities																8,652,000				9,743,000																																							-6,502,000				-2,701,000
increase in deferred revenue and customer deposits
decrease in other liabilities
capitalized curriculum development costs
acquisition of license/content rights
proceeds from term notes payable financing																										0	5,000,000									5,000,000	0	0	5,000,000	0
principal payments on notes payable				0				-1,250,000	-2,085,000	-1,250,000	-1,250,000	-1,250,000	-9,585,000	-1,250,000	-1,250,000	-1,250,000	-2,085,000	-1,250,000	-1,250,000	-1,250,000
payment of contingent consideration liabilities												0	0	-307,000	-429,000	-335,000	-428,000	-303,000	-368,000	-1,082,000	-359,000	-211,000	-329,000	-130,000	-256,000	-129,000	-782,000	-170,000	-182,000	-84,000	-217,000
cash paid for new secured credit agreement
cash and cash equivalents at beginning of the year
cash and cash equivalents at end of the year
acquisition of property and equipment and capitalized
curriculum financed by accounts payable and accrued liabilities
acquisition of content rights financed by accounts payable and other liabilities
adjustments to reconcile net income to net cash
provided by operating activities:
impairment of asset									0
acquisition of property and equipment and capitalized curriculum
financed by accounts payable					-162,000	608,000	305,000
increase in income taxes payable							-143,000	2,825,000	437,000	-366,000	557,000																																											151,000	-248,000		-139,000	-291,000	410,000																			670,000	73,000			39,000
increase in accounts receivable																																																															-5,195,000									-5,173,000	-147,000	779,000	-2,663,000	834,000	-3,975,000	3,637,000	-4,070,000			-5,424,000
acquisition of content rights
curriculum financed by accounts payable
acquisition of content rights financed by accounts payable
change in fair value of contingent consideration liabilities													0	0	7,000		12,000	20,000	28,000		118,000	-16,000	62,000		-276,000	-182,000	91,000		1,069,000
proceeds from term notes payable
cash paid to obtain new credit agreement
purchases of property and equipment financed by accounts payable									2,000	64,000	45,000	527,000	-120,000	-72,000	213,000	364,000	5,000	-78,000	238,000	294,000	57,000	28,000	20,000	-317,000	-633,000	736,000	249,000	-187,000	228,000	-78,000	447,000	-326,000	1,111,000	-668,000	901,000	280,000	220,000	-103,000	300,000	148,000	17,000	-186,000	355,000	93,000	-86,000	73,000	54,000	28,000	23,000	28,000	25,000	-82,000	137,000	22,000	24,000
acquisition of content rights financed by accrued liabilities
decrease in deferred revenue										4,967,000	-7,981,000		-227,000	-173,000	-11,501,000		2,758,000	2,701,000	-8,219,000		-2,675,000	2,128,000	-3,625,000		-3,724,000	118,000	-9,006,000		458,000	-1,256,000	-7,586,000				-5,570,000				-553,000
changes in assets and liabilities, net of effect of acquired businesses:
increase in deferred revenue																																13,832,000	3,169,000			11,945,000	6,920,000
acquisition of businesses, net of cash acquired
changes in assets and liabilities, net of effect of acquired business:
decrease in income taxes payable															31,000																																		-3,284,000	138,000	-1,405,000																				-1,885,000												-285,000
decrease in receivable from related party																																-327,000	-363,000			1,000	1,264,000			67,000	-555,000			-594,000	-35,000	1,771,000	-522,000	489,000		1,469,000	1,274,000
purchase of note receivable from bank																								0	0	0	-2,600,000
license rights acquired through royalties payable financing
use of notes receivable to modify revenue contract																								0	0
acquisition of business, net of cash acquired																													0																																							0	-211,000
use of notes payable to acquire business
consideration for business acquisition from liabilities of acquiree																												0	0
loss on disposal of assets																									1,000	3,000	35,000
principal payments on term notes payable																						-1,250,000	-1,250,000	-1,250,000	-1,250,000	-1,250,000	-1,250,000	-8,125,000	-1,563,000	-1,562,000	-1,563,000	-1,563,000	-1,562,000	-1,875,000	-1,250,000	-1,250,000	-1,250,000	-1,250,000	-1,250,000
adjustments to reconcile net loss to net cash
adjustments to reconcile net loss to net cash provided
use of note receivable to modify revenue contract																											3,246,000
excess tax benefit from stock-based compensation
increase in contingent consideration liabilities																															24,000
acquisition of license rights
income tax benefit recorded in paid-in capital
increase in other long-term liabilities																															-52,000			-1,079,000	5,000															26,000	82,000	443,000	-14,000	-12,000	506,000	345,000	3,000			5,000	37,000			-76,000	-1,000										18,000
acquisition of business																																	0	1,000	-1,109,000															-1,125,000	-1,125,000
excess tax expense from stock-based compensation
increase (reduction) in contingent consideration liabilities																																	137,000	476,000	176,000
payment of contingent consideration liability																																	-1,144,000							0
acquisition of intellectual property financed by accrued liabilities
by (used for) operating activities:
increase in receivable from related party																																			-190,000				-231,000				-803,000									-690,000			-510,000
impairment of assets																																												220,000
increase (reduction) to estimated earn out liability																																					0	-923,000	-1,013,000		88,000	1,238,000	130,000
acquisition of intellectual property license financed by accrued liabilities
increase of estimated acquisition earn out liability
capitalized curriculum development
share-based compensation expense																																									1,048,000	1,111,000	763,000	934,000	592,000	608,000	402,000	674,000	616,000	982,000	1,262,000						1,056,000	1,054,000	1,191,000		456,000	427,000	381,000		331,000	250,000	135,000		140,000	124,000	70,000		-425,000	228,000	-739,000		272,000
payment of contingent business acquisition costs
excess income tax benefits from share-based compensation
gain on disposals of assets
capitalized curriculum development and other intangible assets
payments on notes payable financing
principal payments on long-term debt and financing obligation																																																																				-696,000	-175,000	-175,000	-165,000	-144,000	-166,000	-164,000	-148,000	-203,000	-105,000	-150,000	-147,000	-146,000	-143,000	-681,000
income tax benefits recorded in paid-in capital
exercise of common stock warrants																																																							31,000
management stock loan activity
acquisition of business financed by accrued liabilities																																																				-825,000
reduction of estimated earn out liability																																													-51,000	0	-28,000	-643,000
acquisition of businesses
adjustments to reconcile net income to net cash used
for operating activities:
loss on disposals of assets
other income
principal payments on notes payable financing																																																					-417,000	-833,000	-625,000
payments for exercises of common stock warrants
decrease (increase) in receivable from related party
decrease (increase) in other long-term liabilities
reduction of estimated earnout liability																																																		-67,000	-520,000
decrease (increase) in inventories																																																																									-237,000	3,212,000	58,000					543,000	586,000
proceeds from notes payable financing
share-based compensation cost																																																					488,000	972,000	473,000																								119,000
loss on disposals of property and equipment																																																									3,000				126,000				3,000				11,000
proceeds from exercise of common stock warrants
gain on sale of discontinued operation
proceeds from sale of discontinued operation
proceeds from management stock loan payments																																																																0	0											0				0	0	134,000	-1,000
cash flows from operating activities:
decrease in receivable from related party, prepaid expenses, and other assets																																																									-385,000	396,000	-762,000
cash flows from investing activities:
cash flows from financing activities:
proceeds from line-of-credit borrowing																																																									0				20,955,000				14,903,000				13,538,000				21,660,000
payments on line-of-credit borrowing																																																									0				-15,354,000				-16,183,000				-15,201,000				-17,751,000
proceeds from bank note payable
payments on bank note payable																																																									-625,000
proceeds from sales of common stock from treasury																																																									115,000	106,000	99,000		94,000	73,000	77,000		85,000	64,000	62,000		65,000	44,000	115,000	151,000	118,000	91,000	102,000	182,000	69,000	67,000	70,000	94,000	160,000	126,000	74,000	0
purchase of common shares for treasury																																																									0				1,000				-19,000
effect of foreign exchange rates on cash and cash equivalents																																																									-15,000	-5,000	6,000		-14,000	-54,000	-38,000		225,000	-164,000	-56,000		-282,000	139,000	-238,000		-49,000	-298,000	-315,000		-269,000	107,000	-13,000		170,000	-44,000		-345,000
cash and cash equivalents at beginning of the period																																																									0	0	3,016,000		0	0	3,484,000		0	0	1,688,000		0	0	15,904,000		0	0	6,126,000		0	0	30,587,000		0	51,690,000		0
cash and cash equivalents at end of the period																																																									-1,749,000	5,623,000	2,591,000		-137,000	-438,000	1,704,000		-952,000	2,014,000	1,148,000		-2,810,000	536,000	3,490,000		-481,000	-3,422,000	8,756,000		-23,450,000	5,741,000	22,879,000		-7,550,000	32,828,000		10,611,000
acquisition of property and equipment through accounts payable																																																									-125,000	-121,000	428,000		-59,000	-83,000	177,000		-64,000	162,000	99,000		-54,000	-643,000	759,000		808,000	-311,000	563,000
proceeds from line of credit borrowing																																																											5,942,000				16,265,000				13,066,000				33,337,000				17,654,000	20,522,000
payments on line of credit borrowing																																																											-4,811,000				-14,449,000				-14,853,000				-14,562,000				-18,998,000
principal payments on bank note payable																																																											-417,000
purchase of treasury shares																																																															-4,000				-10,000												-16,000		-3,758,000			0
restructuring charges
proceeds from disposal of consolidated subsidiaries
proceeds from sales of property and equipment																																																																								0	0				338,000
proceeds from sale of component of subsidiary
proceeds from notes payable to bank
payments on notes payable to bank
proceeds from short-term notes payable																																																																	0
payments on short-term notes payable																																																																	-330,000
cash paid for income taxes, net of cash received																																																															288,000				168,000
gain on sale of consumer solutions business unit assets
increase in receivable from equity method investee
proceeds from the sale of consumer solutions business unit assets
investment in equity method investee
acquisition of treasury stock from tender offer through liabilities
proceeds on notes receivable from disposals of subsidiaries																																																																					0				64,000	460,000	586,000
equity in earnings of equity method investee
decrease (increase) in accounts receivable																																																																			-1,302,000		1,301,000	5,837,000	944,000												2,614,000
decrease (increase) in other assets																																																																			-2,582,000				1,235,000							1,341,000	-613,000			1,423,000		-550,000
increase (decrease) in accounts payable and accrued liabilities																																																																			1,325,000				-3,975,000				3,185,000
increase (decrease) in other long-term liabilities																																																																			61,000				-191,000								59,000	15,000	-90,000	-89,000
increase (decrease) in income taxes payable/receivable																																																																			261,000
decrease in receivable from equity method investee																																																																					-1,316,000	2,096,000	705,000
redemptions of series a preferred stock
payment of preferred stock dividends																																																																												0	-348,000	-933,000	-934,000	-933,000	-934,000	-1,629,000	-2,469,000	-2,183,000
promissory notes received from sales of consolidated subsidiaries
decrease in other assets																																																																					959,000				-385,000
purchase of treasury shares through tender offer																																																																					0	-48,000	-28,222,000
increase in receivable from investment in equity method investee
change in restricted cash																																																																																0	0	699,000
accrued preferred stock dividends																																																																														0	934,000	0	0	1,184,000	-750,000	0
loss (gain) on disposals of property and equipment																																																																									0
increase (decrease) in income taxes payable																																																																											-171,000	-107,000
redemption of preferred stock																																																																																	0	-10,000,000
purchases of treasury shares																																																																													-22,000
adjustments to reconcile net income to net cash from (used for) operating activities:
increase in other assets																																																																											-143,000
gain on disposal of investment in unconsolidated subsidiary																																																																																			0
restructuring cost reversal																																																																																			0	0
compensation cost of ceo fully-vested stock grant
gains on disposals of assets
decrease (increase) in prepaid expenses and other assets
purchases of short-term investments																																																																																			0	0
sales of short-term investments																																																																																			0	12,420,000
proceeds from disposal of consolidated subsidiary
proceeds from disposal of unconsolidated subsidiary
proceeds from sale of property and equipment
proceeds from sale and financing of corporate campus
gain on disposals of property and equipment																																																																													-73,000
redemptions of preferred stock
capital lease financing of property and equipment purchases																																																																																	0	109,000
adjustments to reconcile net income to net cash provided by operating activities:
issuance of unvested stock as deferred compensation
stock-based compensation cost																																																																																	332,000	77,000
compensation cost related to ceo common stock grant
gain on disposal of unconsolidated subsidiary
proceeds from sale of investment in unconsolidated subsidiary
issuance of unvested common stock for compensation plans
loss on recapitalization of preferred stock
provision for losses on management stock loans
recovery of investment in unconsolidated subsidiary
equity in loss of unconsolidated subsidiary
ceo compensation contribution
amortization of deferred compensation																																																																																			62,000	358,000
cash distributions of earnings from unconsolidated subsidiary
investment in unconsolidated subsidiary
redemption of series a preferred stock
benefit from losses on management stock loans
loss (gain) on disposal of assets																																																																																				3,000
compensation related to ceo common stock grant																																																																																				0
decrease in accounts payable, outsourcing contract costs payable, and accrued liabilities																																																																																				2,772,000
principal payments on long-term debt																																																																																				-25,000
issuance of restricted common stock awards
issuance of restricted stock as deferred compensation

Franklin Covey Co(NYSE:FC)

Franklin Covey Co
(NYSE:FC)