Franklin Covey (FC) 10-Q 7 Jul 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	May 28, 2016	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	May 28, 2016
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016
Entity Registrant Name	FRANKLIN COVEY CO
Entity Central Index Key	886,206
Current Fiscal Year End Date	--08-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,176,603

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 28, 2016	Aug. 31, 2015
Current assets:
Cash and cash equivalents	$ 8,863	$ 16,234
Accounts receivable, less allowance for doubtful accounts of $1,415 and $1,333	46,473	65,182
Receivable from related party	2,044	2,425
Inventories	4,633	3,949
Income taxes receivable	2,572
Deferred income tax assets	2,540	2,479
Prepaid expenses and other current assets	6,034	5,156
Total current assets	73,159	95,425
Property and equipment, net	15,389	15,499
Intangible assets, net	50,915	53,449
Goodwill	19,903	19,903
Long-term receivable from related party	1,189	1,562
Other long-term assets	13,172	14,807
Total assets	173,727	200,645
Current liabilities:
Current portion of term note payable	3,750
Current portion of financing obligation	1,613	1,473
Accounts payable	8,210	8,306
Income taxes payable		221
Accrued liabilities	24,089	29,634
Total current liabilities	37,662	39,634
Term note payable, less current portion	11,250
Financing obligation, less current portion	23,379	24,605
Other liabilities	3,144	3,802
Deferred income tax liabilities	7,078	7,098
Total liabilities	82,513	75,139
Shareholders' equity:
Common stock, $.05 par value; 40,000 shares authorized, 27,056 shares issued	1,353	1,353
Additional paid-in capital	211,081	208,635
Retained earnings	68,902	69,612
Accumulated other comprehensive income	639	192
Treasury stock at cost, 12,951 shares and 10,909 shares	(190,761)	(154,286)
Total shareholders' equity	91,214	125,506
Total liabilities and shareholders' equity	$ 173,727	$ 200,645

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	May 28, 2016	Aug. 31, 2015
Condensed Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts	$ 1,415	$ 1,333
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	27,056,000	27,056,000
Treasury stock, shares	12,951,000	10,909,000

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 28, 2016	May 30, 2015	May 28, 2016	May 30, 2015
Net sales:
Training and consulting services	$ 42,275	$ 45,373	$ 127,746	$ 134,392
Products	1,340	1,710	4,125	4,846
Leasing	1,123	1,223	3,353	3,259
Total net sales	44,738	48,306	135,224	142,497
Cost of sales:
Training and consulting services	13,928	16,712	41,782	47,067
Products	621	778	2,081	2,311
Leasing	627	494	1,873	1,577
Total cost of sales	15,176	17,984	45,736	50,955
Gross profit	29,562	30,322	89,488	91,542
Selling, general, and administrative	29,095	25,934	83,521	78,475
Restructuring costs			376
Impairment of assets		1,082		1,082
Depreciation	1,003	980	2,809	2,984
Amortization	722	912	2,541	2,818
Income (loss) from operations	(1,258)	1,414	241	6,183
Interest income	81	104	243	322
Interest expense	(564)	(532)	(1,659)	(1,605)
Discount on related party receivable		(233)		(364)
Income (loss) before income taxes	(1,741)	753	(1,175)	4,536
Income tax benefit (provision)	689	438	465	(1,089)
Net income (loss)	$ (1,052)	$ 1,191	$ (710)	$ 3,447
Net income (loss) per share:
Basic and diluted	$ (0.07)	$ 0.07	$ (0.05)	$ 0.20
Weighted average number of common shares:
Basic	14,259	16,739	15,259	16,839
Diluted	14,259	16,900	15,259	17,026
COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ (1,052)	$ 1,191	$ (710)	$ 3,447
Foreign currency translation adjustments, net of income tax benefit (provision) of ($173), $108, ($241), and $507	321	(88)	447	(943)
Comprehensive income (loss)	$ (731)	$ 1,103	$ (263)	$ 2,504

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 28, 2016	May 30, 2015	May 28, 2016	May 30, 2015
Condensed Consolidated Statements Of Operations And Statements Of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ (173)	$ 108	$ (241)	$ 507

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	May 28, 2016	May 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (710)	$ 3,447
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,350	5,808
Share-based compensation expense	2,922	1,602
Amortization of capitalized curriculum costs	2,780	3,047
Impairment of assets		1,082
Deferred income taxes	(256)	255
Increase (reduction) to estimated earn out liability	1,456	(79)
Changes in assets and liabilities:
Decrease in accounts receivable, net	18,901	10,758
Decrease (increase) in inventories	(585)	1,250
Decrease in receivable from related party	753	1,214
Decrease (increase) in prepaid expenses and other assets	(191)	337
Decrease in accounts payable and accrued liabilities	(5,787)	(14,165)
Decrease (increase) in income taxes payable/receivable	(2,815)	904
Increase (decrease) in other long-term liabilities	49	(44)
Net cash provided by operating activities	21,867	15,416
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(2,606)	(1,619)
Curriculum development costs	(1,670)	(1,623)
Payment of contingent business acquisition costs		(262)
Net cash used for investing activities	(4,276)	(3,504)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit borrowings	39,315
Payments on line of credit borrowings	(39,315)
Proceeds from term notes payable financing	15,000
Payment of contingent consideration liability	(2,167)
Principal payments on financing obligation	(1,085)	(960)
Purchases of common stock for treasury	(37,441)	(7,889)
Proceeds from sales of common stock held in treasury	489	504
Net cash used for financing activities	(25,204)	(8,345)
Effect of foreign currency exchange rates on cash and cash equivalents	242	(255)
Net increase (decrease) in cash and cash equivalents	(7,371)	3,312
Cash and cash equivalents at beginning of the period	16,234	10,483
Cash and cash equivalents at end of the period	8,863	13,795
Supplemental disclosure of cash flow information:
Cash paid for income taxes	2,700	1,783
Cash paid for interest	1,625	1,606
Non-cash investing and financing activities:
Purchases of property and equipment financed by accounts payable	$ 186	$ 41

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	May 28, 2016
Basis Of Presentation [Abstract]
Basis Of Presentation	NOTE 1 – BASIS OF PRESENTATION  General  Franklin Covey Co. (hereafter referred to as us, we, our, or the Company) is a global company focused on individual and organizational performance improvement. Our mission is to “enable greatness in people and organizations everywhere,” and our employees worldwide are organized to help individuals and organizations achieve sustained superior performance through changes in human behavior. Our expertise extends to seven crucial areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Educational Improvement. We believe that our clients are able to utilize our content to create cultures whose hallmarks are high-performing, collaborative individuals, led by effective, trust-building leaders who execute with excellence and deliver measurably improved results for all of their key stakeholders.  In the training and consulting marketplace, we believe there are four important characteristics that distinguish us from our competitors.  1. World Class Content – Our content is principle centered and based on natural laws of human behavior and effectiveness. Our content is designed to build new skillsets, establish new mindsets, and provide enabling toolsets.  2. Breadth and Scalability of Delivery Options – We have a wide range of content delivery options, including: on-site training, training led through certified facilitators, on-line learning, blended learning, intellectual property licenses including the newly introduced All Access Pass, and organization-wide transformational processes, including consulting and coaching.  3. Global Capability – We operate three regional sales offices and a government services office in the United States; wholly-owned subsidiaries in Australia, Japan, and the United Kingdom; and contract with licensee partners who deliver our curriculum and provide services in over 150 other countries and territories around the world.  4. Transformational Impact and Reach – We are committed to, and measure ourselves by, our clients’ achievement of transformational results.  We have some of the best-known offerings in the training industry, including a suite of individual-effectiveness and leadership-development training content based on the best-selling books, The 7 Habits of Highly Effective People , The Speed of Trust , and The 4 Disciplines of Execution , and proprietary content in the areas of Execution, Sales Performance, Productivity, Customer Loyalty, and Educational Improvement. Our offerings are described in further detail at www.franklincovey.com .  The accompanying unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position and results of operations of the Company as of the dates and for the periods indicated. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to Securities and Exchange Commission (SEC) rules and regulations. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and related notes included in our annual report on Form 10-K for the fiscal year ended August 31, 2015.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.  The Company utilizes a modified 52/53-week fiscal year that ends on August 31 of each year. Corresponding quarterly periods generally consist of 13-week periods that end on November 28, 2015, February 27, 2016, and May 28 , 2016 during fiscal 2016. Under the modified 52/53-week fiscal year, the three quarters ended May 28, 2016 had one less business day than the three quarters ended May 30, 2015. Unless otherwise noted, references to fiscal years apply to the 12 months ended on August 31 of the specified year.  The results of operations for the quarter and three quarters ended May 28, 2016 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2016, or for any future periods.  Fair Value of Financial Instruments and NinetyFive 5 Earn Out Payments  At May 28, 2016, the carrying value of our financial instruments approximated their fair values. The fair value of the contingent earn out payment liability from the acquisition of Ninety-Five 5, LLC (NinetyFive 5) in a prior period is considered a “level 3” measurement because we estimate projected earnings during the earn out period utilizing various potential pay-out scenarios. There have been no significant changes in our valuation process as disclosed at August 31, 2015. We made the first $2.2 million contingent earn out payment to the former owners of NinetyFive 5 during the quarter ended May 28, 2016. Due to significant improvement in Sales Performance practice revenues during fiscal 2016, the probability of a second contingent earn out payment increased substantially and valuation model assumptions were adjusted for the improved results. The fair value of this liability was $1.9 million (following payment of the first earn out payment) at May 28, 2016, which is recorded as a component of oth er long-term liabilities on our consolidated balance sheets. Adjustments to the fair value of the contingent earn out liability are included in selling, general, and administrative expense in the accompanying condensed consolidated income statements.  Accounting Pronouncements Issued Not Yet Adopted  On May 28, 2014 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers . This new standard was issued in conjunction with the International Accounting Standards Board (IASB) and is designed to create a single, principles-based process by which all businesses calculate revenue. The new standard replaces numerous individual, industry-specific revenue rules found in U.S. generally accepted accounting principles and is required to be adopted in fiscal years beginning after December 15, 2017 and for interim periods therein. The new standard may be applied using the “full retrospective” or “modified retrospective” approach. As of May 28, 2016, we have not yet determined the method of adoption nor the impact that ASU No. 2014-09 will have on our reported revenue or results of operations.  In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes , which will require deferred tax assets and deferred tax liabilities to be presented as noncurrent within a classified balance sheet. This ASU simplifies the current guidance which requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified balance sheet. The current requirement that deferred tax assets and liabilities of a tax-paying component of an entity be offset and presented as a single amount is not affected. This guidance is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. We are currently evaluating the impact that ASU 2015-17 will have on our statement of financial position and financial statement disclosures.  On February 25, 2016 the FASB issued ASU No. 2016-02, Leases . The new lease accounting standard is the result of a collaborative effort with the IASB (similar to the new revenue standard described above), although some differences remain between the two standards. This new standard will affect all entities that lease assets and will require lessees to recognize a lease liability and a right-of-use asset for all leases (except for short-term leases that have a duration of less than one year) as of the date on which the lessor makes the underlying asset available to the lessee. For lessors, accounting for leases is substantially the same as in prior periods. For public companies, the new lease standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted for all entities. For leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, lessees and lessors must apply a modified retrospective transition approach. While we expect the adoption of this new standard will increase reported assets and liabilities, as of May 28, 2016, we have not yet determined the full impact that the adoption of ASU 2016-02 will have on our financial statements.  

Inventories

Inventories	9 Months Ended
	May 28, 2016
Inventories [Abstract]
Inventories	NOTE 2 – INVENTORIES  Inventories are stated at the lower of cost or market, cost being determined using the first-in, first-out method, and were comprised of the following (in thousands):    May 28, August 31,  2016 2015  Finished goods $ 4,601 $ 3,914  Raw materials 32 35  $ 4,633 $ 3,949 

Line Of Credit Modification Agr

Line Of Credit Modification Agreement	9 Months Ended
	May 28, 2016
Line Of Credit Modification Agreement [Abstract]
Line Of Credit Modification Agreement	  NOTE 3 – LINE OF CREDIT MODIFICATION AGREEMENT  On May 24, 2016, we entered into the Fifth Modification Agreement to our previously existing amended and restated secured credit agreement (the Restated Credit Agreement) with our existing lender. We generally renew the Restated Credit Agreement on a regular basis to maintain the long-term availability of this credit facility. The primary purposes of the Fifth Modification Agreement are to (i) obtain a term loan from the Lender for $15.0 million (the Term Loan); (ii) increase the maximum principal amount of the revolving line of credit from $30.0 million to $40.0 million; (iii) extend the maturity date of the Restated Credit Agreement from March 31, 2018 to March 31, 2019 ; (iv) permit the Company to convert balances outstanding from time to time under the revolving line of credit to term loans; and (v) adjust the fixed charge coverage ratio from 1.40 to 1.15 .  The Term Loan provided us with $15.0 million of cash at an interest rate of LIBOR plus 1.85% per annum. Interest is payable monthly and principal payments of $937,500 are due and payable on the first day of each January, April, July, and October until May 2019. The remaining $3.75 million of principal due at the Term Loan maturity date may be re paid or converted into another term l oan. The proceeds from the Term Loan may be used for general corporate purposes and may be repaid sooner than May 2019 at our discretion.  In connection with the Fifth Modification Agreement, the Company and certain of our subsidiaries entered into a new Consent and Agreement of Guarantor and a promissory note for the Term Loan. 

Purchases Of Common Shares

Purchases Of Common Shares	9 Months Ended
	May 28, 2016
Purchases Of Common Shares [Abstract]
Purchases Of Common Shares	  NOTE 4 – PURCHASES OF COMMON SHARES  Open Market Purchases  On January 23, 2015, our Board of Directors approved a new plan to repurchase up to $10.0 million of the Company’s outstanding common stock. All previously existing common stock repurchase plans were canceled and the new common share repurchase plan does not have an expiration date. On March 27, 2015, our Board of Directors increased the aggregate value of shares of Company common stock that may be purchased under the January 2015 plan to $40.0 million so long as we have either $10.0 million in cash and cash equivalents or have access to debt financing of at least $10.0 million. During the quarter ended May 28, 2016, we purchased 135,724 shares of our common stock on the open market (subject to various regulations) for $2.1 million. In total, we have purchased 895,638 shares of our common stock for $16.2 million through May 28, 2016 under the terms of this expanded common stock repurchase plan.  Fiscal 2016 Tender Offer  On December 8 , 2015, we announced that our Board of Directors approved a modified Dutch auction tender offer for up to $35.0 million in value of shares of our common stock at a price within (and including) the range of $15.50 to $17.75 per share. The tender offer commenced on December 14, 2015 , and expired at 11:59 p.m. Eastern time, on January 12, 2016 . The tender offer was fully subscribed and we acquired 1,971,832 shares of our common stock at $17.75 per share. Including fees to complete the tender offer, the total cost of the tendered shares was $35.3 million, which was financed by existing cash and proceeds from our revolving line of credit facility. For further information regarding the terms and conditions of this completed tender offer, please refer to information in the Tender Offer Statement on Schedule TO filed with Securities and Exchange Commission on December 14, 2015 and subsequent amendments thereto. 

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	May 28, 2016
Share-Based Compensation [Abstract]
Share-Based Compensation	NOTE 5 – SHARE-BASED COMPENSATION  The cost of our share-based compensation plans is included in selling, general, and administrative expenses in the accompanying condensed consolidated income statements. The total cost of our share-based compensation plans was as follows for the periods presented (in thousands):    Quarter Ended Three Quarters Ended  May 28, May 30, May 28, May 30,  2016 2015 2016 2015  Performance awards $ 902 $ 446 $ 2,492 $ 1,221  Unvested share awards 112 113 338 288  Employee stock purchase plan 34 33 92 93  $ 1,048 $ 592 $ 2,922 $ 1,602  During the quarter and three quarters ended May 28, 2016, we issued 12,560 shares and 67,233 shares, respectively, of our common stock to employees and non-employee members of the Board of Directors for various share-based compensation awards. The following is a description of the developments in our share-based compensation plans during the quarter and three quarters ended May 28, 2016.  Performance Awards  On November 12, 2015, the Organization and Compensation Committee of the Board of Directors granted new performance-based awards for our executive officers and members of senior management. A total of 231,276 shares may be awarded to the participants based on six individual vesting conditions that are divided into two performance measures, trailing four-quarter adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) and increased sales of Organizational Development Suite (OD Suite) offerings as shown below. The OD Suite is defined as Leadership, Productivity, and Trust practice sales.     Adjusted EBITDA OD Suite Sales  Award Award  Goal Number of Tranche Goal Number of Tranche  (thousands) Shares Status (thousands) Shares Status  $ 36,000 53,964 not vested $ 107,000 23,128 not vested  $ 40,000 53,964 not vested $ 116,000 23,128 not vested  $ 44,000 53,964 not vested $ 125,000 23,128 not vested  161,892 69,384  These performance awards have a maximum life of six years and compensation expense is recognized as we determine it is probable that the shares will vest. Adjustments to compensation expense to reflect the timing of and the number of shares expected to be awarded will be made on a cumulative basis at the date of the adjustment.  Compensation expense recognized during the quarter and three quarters ended May 28, 2016 for performance awards includes expense related to awards granted in previous periods for which the performance targets are probable of being achieved.  Unvested Share Awards  Our annual unvested share awards granted to non-employee members of the Board of Directors is administered under the terms of the 2015 Omnibus Incentive Plan, and is designed to provide our non-employee directors, who are not eligible to participate in our employee stock purchase plan, an opportunity to obtain an interest in the Company through the acquisition of shares of our common stock. The annual unvested award is granted in January (following the annual shareholders’ meeting) of each year. For the fiscal 2016 award, each eligible director received a whole-share grant equal to $75,000 with a one -year vesting period. Our unvested share activity during the three quarters ended May 28, 2016 consisted of the following, all of which was attributable to the annual grant to the non-employee members of the Board of Directors:     Weighted-Average  Grant Date  Number of Fair Value  Shares Per Share  Unvested stock awards at  August 31, 2015 24,210 $ 18.59  Granted 25,032 17.98  Forfeited - -  Vested (24,210) 18.59  Unvested stock awards at  May 28, 2016 25,032 $ 17.98  At May 28, 2016 , there was approximately $0.3 million of unrecognized compensation expense associated with the fiscal 2016 Board of Directors’ unvested share award.  Employee Stock Purchase Plan  We have an employee stock purchase plan (ESPP) that offers qualified employees the opportunity to purchase shares of our common stock at a price equal to 85 percent of the average fair market value of our common stock on the last trading day of the calendar month in each fiscal quarter. During the quarter and three quarters ended May 28, 2016, we issued 12,560 shares and 34,851 shares of our common stock to participants in the ESPP.

Restructuring Costs

Restructuring Costs	9 Months Ended
	May 28, 2016
Restructuring Costs [Abstract]
Restructuring Costs	NOTE 6 – RESTRUCTURING COSTS  During the second quarter of fiscal 2016 , we restructured the operations of our Australian direct office. The restructuring is designed to reduce ongoing operating costs by closing the sales offices in Brisbane, Sydney, and Melbourne, and by reducing headcount for administrative and certain sales support functions. Our remaining sales and support personnel in Australia will work from home offices, similar to many of our sales personnel located in the U.S. and Canada. The $0.4 million charge recorded during the second quarter of fiscal 2016 was primarily for office closure costs, including remaining lease expense on the offices that were closed, and for employee severance costs. The severance costs included the restructuring charge totaled less than $ 40,000 . Remaining accrued restructuring costs totaled $ 0.3 million at May 28, 2016 and were included as a component of accrued liabilities in our condensed consolidated balance sheet.

Earnings Per Share

Earnings Per Share	9 Months Ended
	May 28, 2016
Earnings Per Share [Abstract]
Earnings Per Share	  NOTE 7 – EARNINGS PER SHARE  The following is a reconciliation from basic earnings per share (EPS) to diluted EPS (in thousands, except per-share amounts).     Quarter Ended Three Quarters Ended  May 28, May 30, May 28, May 30,  2016 2015 2016 2015  Numerator for basic and  diluted earnings per share:  Net income (loss) $ (1,052) $ 1,191 $ (710) $ 3,447   Denominator for basic and  diluted earnings per share:  Basic weighted average shares  outstanding 14,259 16,739 15,259 16,839  Effect of dilutive securities:  Stock options and other  share-based awards - 161 - 187  Diluted weighted average  shares outstanding 14,259 16,900 15,259 17,026   EPS Calculations:  Net income (loss) per share:  Basic $ (0.07) $ 0.07 $ (0.05) $ 0.20  Diluted (0.07) 0.07 (0.05) 0.20  Since we incurred a net loss for the quarter and three quarters ended May 28, 2016, no potentially dilutive securities are included in the calculation of diluted earnings per share because such effect would be anti-dilutive. The number of dilutive stock options and other share-based awards for the quarter and three quarters ended May 28, 2016 would have been approximately 120,000 shares and 137,000 shares, respectively. Other securities, including performance share-based compensation instru ments, may have a dilutive effect upon our EPS calculation in future periods if our financial results reach specified targets.

Segment Information

Segment Information	9 Months Ended
	May 28, 2016
Segment Information [Abstract]
Segment Information	  NOTE 8 – SEGMENT INFORMATION  Our sales are primarily comprised of training and consulting sales and related products. Effective September 1, 2015, we reorganized our internal reporting structure to include four new divisions and a corporate services group . A brief description of these new operating divisions is as follows:  · Direct Offices – This division includes our geographic sales offices that serve the United States and Canada; our international sales offices located in Japan, the United Kingdom, and Australia; and our public program operations.  · Strategic Markets – This division includes our government services office, Sales Performance practice, Customer Loyalty practice, and a new “Global 50” group, which is specifically focused on sales to large, multi-national organizations.  · Education Practice – This division includes our domestic and international Education practice operations, which are focused on sales to educational institutions.  · International Licensees – This division is primarily comprised of our international licensees’ royalty revenues.  · Corporate and Other – Our corporate and other information includes leasing income, shipping and handling revenues, book and audio sales, and certain corporate operating expenses.  The Company’s chief operating decision maker continues to be the Chief Executive Officer (CEO), and the primary measurement tool used in business unit performance analysis is Adjusted EBITDA, which may not be calculated as similarly titled amounts calculated by other companies. For enterprise reporting purposes, our consolidated Adjusted EBITDA can be calculated as our income or loss from operations excluding share-based compensation, depreciation expense, amortization expense, and certain other charges such as adjustments for changes in the fair value of contingent earn out liabilities from previous business acquisitions. Assets are not allocated to the divisions for analysis purposes.  The enterprise information presented below for the quarter and three quarters ended May 30, 2015 has been revised to be comparable with the new divisional structure described above. We account for our enterprise information on the same basis as the accompanying condensed consolidated financial statements.  ENTERPRISE INFORMATION (in thousands)     Sales to  Quarter Ended External Adjusted  May 28, 2016 Customers Gross Profit EBITDA Depreciation Amortization   Direct offices $ 23,892 $ 16,804 $ 2,856 $ 70 $ 1  Strategic markets 6,906 4,027 232 1 61  Education practice 7,397 4,202 (1,584) 1 -  International licensees 4,472 3,488 2,259 1 -  Total 42,667 28,521 3,763 73 62  Corporate and eliminations 2,071 1,041 (1,969) 930 660  Consolidated $ 44,738 $ 29,562 $ 1,794 $ 1,003 $ 722   Quarter Ended  May 30, 2015   Direct offices $ 26,307 $ 18,379 $ 3,219 $ 85 $ 1  Strategic markets 9,337 5,240 1,994 70 246  Education practice 6,091 2,778 (919) 1 -  International licensees 4,027 2,913 1,559 1 -  Total 45,762 29,310 5,853 157 247  Corporate and eliminations 2,544 1,012 (989) 823 665  Consolidated $ 48,306 $ 30,322 $ 4,864 $ 980 $ 912   Three Quarters Ended  May 28, 2016   Direct offices $ 72,119 $ 51,189 $ 9,873 $ 212 $ 3  Strategic markets 21,636 13,357 2,369 95 553  Education practice 22,151 11,787 (2,443) 3 -  International licensees 13,093 10,046 6,653 3 -  Total 128,999 86,379 16,452 313 556  Corporate and eliminations 6,225 3,109 (5,777) 2,496 1,985  Consolidated $ 135,224 $ 89,488 $ 10,675 $ 2,809 $ 2,541   Three Quarters Ended  May 30, 2015   Direct offices $ 77,387 $ 54,191 $ 8,763 $ 252 $ 3  Strategic markets 28,153 16,577 6,570 159 812  Education practice 17,249 8,524 (2,626) 3 -  International licensees 12,845 9,658 5,526 4 -  Total 135,634 88,950 18,233 418 815  Corporate and eliminations 6,863 2,592 (3,643) 2,566 2,003  Consolidated $ 142,497 $ 91,542 $ 14,590 $ 2,984 $ 2,818  A reconciliation of our consolidated Adjusted EBITDA to consolidated net income (loss) is provided below (in thousands).     Quarter Ended Three Quarters Ended  May 28, May 30, May 28, May 30,  2016 2015 2016 2015  Enterprise Adjusted EBITDA $ 3,763 $ 5,853 $ 16,452 $ 18,233  Corporate expenses (1,969) (989) (5,777) (3,643)  Consolidated Adjusted EBITDA 1,794 4,864 10,675 14,590  Share-based compensation expense (1,048) (592) (2,922) (1,602)  Reduction (increase) to contingent earn  out liability (88) 51 (1,456) 79  Restructuring costs - - (376) -  Impairment of assets - (1,082) - (1,082)  Other income (expense) (191) 65 (330) -  Depreciation (1,003) (980) (2,809) (2,984)  Amortization (722) (912) (2,541) (2,818)  Income (loss) from operations (1,258) 1,414 241 6,183  Interest income 81 104 243 322  Interest expense (564) (532) (1,659) (1,605)  Discount on related party receivable - (233) - (364)  Income (loss) before income taxes (1,741) 753 (1,175) 4,536  Income tax benefit (provision) 689 438 465 (1,089)  Net income (loss) $ (1,052) $ 1,191 $ (710) $ 3,447  We reassess the fair value of expected contingent consideration and the corresponding liability resulting from the fiscal 2013 acquisition of NinetyFive 5 each period. The increase s to the liability during the quarter and three quarters ended May 28, 2016 totaled approximately $0.1 million and $1.5 million, and are reflected in selling, general, and administrative expenses on our consolidated income statements . However, the impact of these adjustments is not included in our consolidated Adjusted EBITDA calculations as shown above.

Investment In FC Organizational

Investment In FC Organizational Products	9 Months Ended
	May 28, 2016
Investment In FC Organizational Products [Abstract]
Investment In FC Organizational Products	NOTE 9 – INVESTMENT IN FC ORGANIZATIONAL PRODUCTS  We own a 19.5 percent interest in FC Organizational Products (FCOP), an entity that purchased substantially all of our consumer solution business unit assets in fiscal 2008 for the purpose of expanding the sales of planners and related organizational products under a comprehensive licensing agreement. During a previous period, we reconsidered whether FCOP was a variable interest entity as defined under FASC 810, and determined that FCOP was a variable interest entity. We further determined that we are not the primary beneficiary of FCOP because we do not have the ability to direct the activities that most significantly impact FCOP’s economic performance, which primarily consist of the day-to-day sale of planning products and related accessories, and we do not have an obligation to absorb losses or the right to receive benefits from FCOP that could potentially be significant. Our voting rights and management board representation approximate our ownership interest and we are unable to exercise control through voting interests or through other means.  We account for our investment in FCOP using the equity method of accounting. However, we have not recorded our share of FCOP’s losses in the accompanying condensed consolidated income statements because we have impaired and written off investment balances in previous periods, as defined within the applicable accounting guidance, in excess of our share of FCOP’s losses through May 28, 2016.  Our primary exposure related to FCOP is from amounts owed to us by FCOP. We receive reimbursement from FCOP for certain operating costs and for working capital or other advances that we may make to FCOP although we are not contractually required to make advances to FCOP.  The operations of FCOP are primarily financed by the sale of planning products and accessories in the normal course of business. The majority of FCOP’s sales and cash flows are seasonal and occur between October and January. Accordingly, we generally receive payment on outstanding receivables during our second and third quarters of each fiscal year. During fiscal 2016, we have received $2.7 million in cash from FCOP as payment on receivable balances. At May 28, 2016, we had $3.2 million (net of $0.9 million discount) receivable from FCOP compared with $ 4.0 million (net of $1.0 million discount) receivable at August 31, 2015. These receivables are classified as components of current and long-term assets in our condensed consolidated balance sheets based on expected payment dates. The long-term receivables have been discounted using a rate of 15 percent. 

Basis Of Presentation (Policy)

Basis Of Presentation (Policy)	9 Months Ended
	May 28, 2016
Basis Of Presentation [Abstract]
General	General  Franklin Covey Co. (hereafter referred to as us, we, our, or the Company) is a global company focused on individual and organizational performance improvement. Our mission is to “enable greatness in people and organizations everywhere,” and our employees worldwide are organized to help individuals and organizations achieve sustained superior performance through changes in human behavior. Our expertise extends to seven crucial areas: Leadership, Execution, Productivity, Trust, Sales Performance, Customer Loyalty, and Educational Improvement. We believe that our clients are able to utilize our content to create cultures whose hallmarks are high-performing, collaborative individuals, led by effective, trust-building leaders who execute with excellence and deliver measurably improved results for all of their key stakeholders.  In the training and consulting marketplace, we believe there are four important characteristics that distinguish us from our competitors.  1. World Class Content – Our content is principle centered and based on natural laws of human behavior and effectiveness. Our content is designed to build new skillsets, establish new mindsets, and provide enabling toolsets.  2. Breadth and Scalability of Delivery Options – We have a wide range of content delivery options, including: on-site training, training led through certified facilitators, on-line learning, blended learning, intellectual property licenses including the newly introduced All Access Pass, and organization-wide transformational processes, including consulting and coaching.  3. Global Capability – We operate three regional sales offices and a government services office in the United States; wholly-owned subsidiaries in Australia, Japan, and the United Kingdom; and contract with licensee partners who deliver our curriculum and provide services in over 150 other countries and territories around the world.  4. Transformational Impact and Reach – We are committed to, and measure ourselves by, our clients’ achievement of transformational results.  We have some of the best-known offerings in the training industry, including a suite of individual-effectiveness and leadership-development training content based on the best-selling books, The 7 Habits of Highly Effective People , The Speed of Trust , and The 4 Disciplines of Execution , and proprietary content in the areas of Execution, Sales Performance, Productivity, Customer Loyalty, and Educational Improvement. Our offerings are described in further detail at www.franklincovey.com .  The accompanying unaudited condensed consolidated financial statements reflect, in the opinion of management, all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position and results of operations of the Company as of the dates and for the periods indicated. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to Securities and Exchange Commission (SEC) rules and regulations. The information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and related notes included in our annual report on Form 10-K for the fiscal year ended August 31, 2015.  The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.  The Company utilizes a modified 52/53-week fiscal year that ends on August 31 of each year. Corresponding quarterly periods generally consist of 13-week periods that end on November 28, 2015, February 27, 2016, and May 28 , 2016 during fiscal 2016. Under the modified 52/53-week fiscal year, the three quarters ended May 28, 2016 had one less business day than the three quarters ended May 30, 2015. Unless otherwise noted, references to fiscal years apply to the 12 months ended on August 31 of the specified year.  The results of operations for the quarter and three quarters ended May 28, 2016 are not necessarily indicative of results expected for the entire fiscal year ending August 31, 2016, or for any future periods.
Fair Value Of Financial Instruments And NinetyFive 5 Earn Out Payments	Fair Value of Financial Instruments and NinetyFive 5 Earn Out Payments  At May 28, 2016, the carrying value of our financial instruments approximated their fair values. The fair value of the contingent earn out payment liability from the acquisition of Ninety-Five 5, LLC (NinetyFive 5) in a prior period is considered a “level 3” measurement because we estimate projected earnings during the earn out period utilizing various potential pay-out scenarios. There have been no significant changes in our valuation process as disclosed at August 31, 2015. We made the first $2.2 million contingent earn out payment to the former owners of NinetyFive 5 during the quarter ended May 28, 2016. Due to significant improvement in Sales Performance practice revenues during fiscal 2016, the probability of a second contingent earn out payment increased substantially and valuation model assumptions were adjusted for the improved results. The fair value of this liability was $1.9 million (following payment of the first earn out payment) at May 28, 2016, which is recorded as a component of oth er long-term liabilities on our consolidated balance sheets. Adjustments to the fair value of the contingent earn out liability are included in selling, general, and administrative expense in the accompanying condensed consolidated income statements.
Accounting Pronouncements Issued Not Yet Adopted	Accounting Pronouncements Issued Not Yet Adopted  On May 28, 2014 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers . This new standard was issued in conjunction with the International Accounting Standards Board (IASB) and is designed to create a single, principles-based process by which all businesses calculate revenue. The new standard replaces numerous individual, industry-specific revenue rules found in U.S. generally accepted accounting principles and is required to be adopted in fiscal years beginning after December 15, 2017 and for interim periods therein. The new standard may be applied using the “full retrospective” or “modified retrospective” approach. As of May 28, 2016, we have not yet determined the method of adoption nor the impact that ASU No. 2014-09 will have on our reported revenue or results of operations.  In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes , which will require deferred tax assets and deferred tax liabilities to be presented as noncurrent within a classified balance sheet. This ASU simplifies the current guidance which requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified balance sheet. The current requirement that deferred tax assets and liabilities of a tax-paying component of an entity be offset and presented as a single amount is not affected. This guidance is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. We are currently evaluating the impact that ASU 2015-17 will have on our statement of financial position and financial statement disclosures.  On February 25, 2016 the FASB issued ASU No. 2016-02, Leases . The new lease accounting standard is the result of a collaborative effort with the IASB (similar to the new revenue standard described above), although some differences remain between the two standards. This new standard will affect all entities that lease assets and will require lessees to recognize a lease liability and a right-of-use asset for all leases (except for short-term leases that have a duration of less than one year) as of the date on which the lessor makes the underlying asset available to the lessee. For lessors, accounting for leases is substantially the same as in prior periods. For public companies, the new lease standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted for all entities. For leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, lessees and lessors must apply a modified retrospective transition approach. While we expect the adoption of this new standard will increase reported assets and liabilities, as of May 28, 2016, we have not yet determined the full impact that the adoption of ASU 2016-02 will have on our financial statements.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	May 28, 2016
Inventories [Abstract]
Components Of Inventories	   May 28, August 31,  2016 2015  Finished goods $ 4,601 $ 3,914  Raw materials 32 35  $ 4,633 $ 3,949 

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	May 28, 2016
Share-Based Compensation [Abstract]
Total Cost Of Share-Based Compensation	   Quarter Ended Three Quarters Ended  May 28, May 30, May 28, May 30,  2016 2015 2016 2015  Performance awards $ 902 $ 446 $ 2,492 $ 1,221  Unvested share awards 112 113 338 288  Employee stock purchase plan 34 33 92 93  $ 1,048 $ 592 $ 2,922 $ 1,602 
Schedule Of Executive Awards	   Adjusted EBITDA OD Suite Sales  Award Award  Goal Number of Tranche Goal Number of Tranche  (thousands) Shares Status (thousands) Shares Status  $ 36,000 53,964 not vested $ 107,000 23,128 not vested  $ 40,000 53,964 not vested $ 116,000 23,128 not vested  $ 44,000 53,964 not vested $ 125,000 23,128 not vested  161,892 69,384 
Unvested Stock Awards	   Weighted-Average  Grant Date  Number of Fair Value  Shares Per Share  Unvested stock awards at  August 31, 2015 24,210 $ 18.59  Granted 25,032 17.98  Forfeited - -  Vested (24,210) 18.59  Unvested stock awards at  May 28, 2016 25,032 $ 17.98  

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	May 28, 2016
Earnings Per Share [Abstract]
Computation Of EPS	   Quarter Ended Three Quarters Ended  May 28, May 30, May 28, May 30,  2016 2015 2016 2015  Numerator for basic and  diluted earnings per share:  Net income (loss) $ (1,052) $ 1,191 $ (710) $ 3,447   Denominator for basic and  diluted earnings per share:  Basic weighted average shares  outstanding 14,259 16,739 15,259 16,839  Effect of dilutive securities:  Stock options and other  share-based awards - 161 - 187  Diluted weighted average  shares outstanding 14,259 16,900 15,259 17,026   EPS Calculations:  Net income (loss) per share:  Basic $ (0.07) $ 0.07 $ (0.05) $ 0.20  Diluted (0.07) 0.07 (0.05) 0.20 

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	May 28, 2016
Segment Information [Abstract]
Schedule Of Segment Operations	   Sales to  Quarter Ended External Adjusted  May 28, 2016 Customers Gross Profit EBITDA Depreciation Amortization   Direct offices $ 23,892 $ 16,804 $ 2,856 $ 70 $ 1  Strategic markets 6,906 4,027 232 1 61  Education practice 7,397 4,202 (1,584) 1 -  International licensees 4,472 3,488 2,259 1 -  Total 42,667 28,521 3,763 73 62  Corporate and eliminations 2,071 1,041 (1,969) 930 660  Consolidated $ 44,738 $ 29,562 $ 1,794 $ 1,003 $ 722   Quarter Ended  May 30, 2015   Direct offices $ 26,307 $ 18,379 $ 3,219 $ 85 $ 1  Strategic markets 9,337 5,240 1,994 70 246  Education practice 6,091 2,778 (919) 1 -  International licensees 4,027 2,913 1,559 1 -  Total 45,762 29,310 5,853 157 247  Corporate and eliminations 2,544 1,012 (989) 823 665  Consolidated $ 48,306 $ 30,322 $ 4,864 $ 980 $ 912   Three Quarters Ended  May 28, 2016   Direct offices $ 72,119 $ 51,189 $ 9,873 $ 212 $ 3  Strategic markets 21,636 13,357 2,369 95 553  Education practice 22,151 11,787 (2,443) 3 -  International licensees 13,093 10,046 6,653 3 -  Total 128,999 86,379 16,452 313 556  Corporate and eliminations 6,225 3,109 (5,777) 2,496 1,985  Consolidated $ 135,224 $ 89,488 $ 10,675 $ 2,809 $ 2,541   Three Quarters Ended  May 30, 2015   Direct offices $ 77,387 $ 54,191 $ 8,763 $ 252 $ 3  Strategic markets 28,153 16,577 6,570 159 812  Education practice 17,249 8,524 (2,626) 3 -  International licensees 12,845 9,658 5,526 4 -  Total 135,634 88,950 18,233 418 815  Corporate and eliminations 6,863 2,592 (3,643) 2,566 2,003  Consolidated $ 142,497 $ 91,542 $ 14,590 $ 2,984 $ 2,818 
Reconciliation Of Adjusted EBITDA	   Quarter Ended Three Quarters Ended  May 28, May 30, May 28, May 30,  2016 2015 2016 2015  Enterprise Adjusted EBITDA $ 3,763 $ 5,853 $ 16,452 $ 18,233  Corporate expenses (1,969) (989) (5,777) (3,643)  Consolidated Adjusted EBITDA 1,794 4,864 10,675 14,590  Share-based compensation expense (1,048) (592) (2,922) (1,602)  Reduction (increase) to contingent earn  out liability (88) 51 (1,456) 79  Restructuring costs - - (376) -  Impairment of assets - (1,082) - (1,082)  Other income (expense) (191) 65 (330) -  Depreciation (1,003) (980) (2,809) (2,984)  Amortization (722) (912) (2,541) (2,818)  Income (loss) from operations (1,258) 1,414 241 6,183  Interest income 81 104 243 322  Interest expense (564) (532) (1,659) (1,605)  Discount on related party receivable - (233) - (364)  Income (loss) before income taxes (1,741) 753 (1,175) 4,536  Income tax benefit (provision) 689 438 465 (1,089)  Net income (loss) $ (1,052) $ 1,191 $ (710) $ 3,447 

Basis Of Presentation (Narrativ

Basis Of Presentation (Narrative) (Details) $ in Millions	9 Months Ended
	May 28, 2016USD ($)countryitem
Business Acquisition [Line Items]
Number of areas of expertise	7
Number of important distinguishing characteristics from competitors	4
Number of regional offices	3
Number of countries in which entity operates | country	150
Fair value of other long-term liabilities | $	$ 1.9
NinetyFive 5 [Member]
Business Acquisition [Line Items]
Contingent earn out payment | $	$ 2.2

Inventories (Components Of Inve

Inventories (Components Of Inventories) (Details) - USD ($) $ in Thousands	May 28, 2016	Aug. 31, 2015
Inventories [Abstract]
Finished goods	$ 4,601	$ 3,914
Raw materials	32	35
Inventories	$ 4,633	$ 3,949

Line Of Credit Modification A23

Line Of Credit Modification Agreement (Narrative) (Details)	May 24, 2016USD ($)	May 23, 2016USD ($)
Debt Instrument [Line Items]
Maturity date	Mar. 31, 2019	Mar. 31, 2018
Fixed charge coverage ratio	1.15	1.40
Revolving Line Of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 40,000,000	$ 30,000,000
Term Loan [Member]
Debt Instrument [Line Items]
Loan amount	$ 15,000,000
Percentage added to LIBOR rate	1.85%
Principal payment	$ 937,500
Remaining principal amount that may be repaid or converted	$ 3,750,000

Purchases Of Common Shares (Nar

Purchases Of Common Shares (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 08, 2015	Mar. 27, 2015	May 28, 2016	May 28, 2016	Dec. 14, 2015	Aug. 31, 2015	May 30, 2015	Jan. 23, 2015	Aug. 31, 2014
Equity [Line Items]
Amount authorized under common stock repurchase plan		$ 40,000						$ 10,000
Cash and cash equivalents		10,000	$ 8,863	$ 8,863		$ 16,234	$ 13,795		$ 10,483
Available cash for debt financing for repurchase common stock		$ 10,000
Stock repurchased during period, shares			135,724	895,638
Stock repurchased during period, value			$ 2,100	$ 16,200
Dutch auction tender offer amount for shares of common stock	$ 35,000
Dutch auction tender offer commence date	Dec. 14, 2015
Dutch auction tender offer expiration date	Jan. 12, 2016
Common stock shares acquired from fully subscribed Dutch auction tender offer					1,971,832
Price per share, common stock share acquired from fully subscribed Dutch auction tender offer					$ 17.75
Total tender offer cost					$ 35,300
Minimum [Member]
Equity [Line Items]
Dutch auction tender offer share price of common stock	$ 15.50
Maximum [Member]
Equity [Line Items]
Dutch auction tender offer share price of common stock	$ 17.75

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details)	Nov. 12, 2015itemshares	May 28, 2016USD ($)shares	May 28, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued under terms of the award		12,560	67,233
Performance Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New shares granted	231,276
Number of individual vesting conditions | item	6
Number of performance measures | item	2
Performance Awards [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Life of awards	6 years
Unvested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense | $		$ 300,000	$ 300,000
Whole-share grant per eligible director | $			$ 75,000
Vesting period of awards			1 year
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price of common stock as a percent of the average fair market value			85.00%
Shares issued to employee stock purchase plan participants		12,560	34,851

Share-Based Compensation (Total

Share-Based Compensation (Total Cost Of Share-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 28, 2016	May 30, 2015	May 28, 2016	May 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 1,048	$ 592	$ 2,922	$ 1,602
Performance Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	902	446	2,492	1,221
Unvested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	112	113	338	288
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 34	$ 33	$ 92	$ 93

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Executive Awards) (Details) $ in Thousands	9 Months Ended
	May 28, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EBITDA Award, Number of Shares	161,892
OD Suite Award, Number of Shares	69,384
Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EBITDA Award Goal | $	$ 36,000
EBITDA Award, Number of Shares	53,964
EBITDA Award, Tranche Status	not vested
OD Suite Award Goal | $	$ 107,000
OD Suite Award, Number of Shares	23,128
OD Suite Award, Tranche Status	not vested
Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EBITDA Award Goal | $	$ 40,000
EBITDA Award, Number of Shares	53,964
EBITDA Award, Tranche Status	not vested
OD Suite Award Goal | $	$ 116,000
OD Suite Award, Number of Shares	23,128
OD Suite Award, Tranche Status	not vested
Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
EBITDA Award Goal | $	$ 44,000
EBITDA Award, Number of Shares	53,964
EBITDA Award, Tranche Status	not vested
OD Suite Award Goal | $	$ 125,000
OD Suite Award, Number of Shares	23,128
OD Suite Award, Tranche Status	not vested

Share-Based Compensation (Unves

Share-Based Compensation (Unvested Stock Awards) (Details)	9 Months Ended
	May 28, 2016$ / sharesshares
Share-Based Compensation [Abstract]
Unvested stock awards at August 31, 2015, Number of Shares | shares	24,210
Granted, Number of Shares | shares	25,032
Vested, Number of Shares | shares	(24,210)
Unvested stock awards at May 28, 2016, Number of Shares | shares	25,032
Unvested stock awards at August 31, 2015, Weighted-Average Grant Date Fair Value Per Share | $ / shares	$ 18.59
Granted, Weighted-Average Grant Date Fair Value Per Share | $ / shares	17.98
Vested, Weighted-Average Grant Date Fair Value Per Share | $ / shares	18.59
Unvested stock awards at May 28, 2016, Weighted-Average Grant Date Fair Value Per Share | $ / shares	$ 17.98

Restructuring Costs (Narrative)

Restructuring Costs (Narrative) (Details) - USD ($)	3 Months Ended	9 Months Ended
	Feb. 27, 2016	May 28, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 400,000	$ 376,000
Accrued restructuring costs		$ 300,000
Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 40,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended	9 Months Ended
	May 28, 2016	May 28, 2016
Earnings Per Share [Abstract]
Shares outstanding not included in the computation of diluted EPS	120,000	137,000

Earnings Per Share (Computation

Earnings Per Share (Computation Of EPS) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 28, 2016	May 30, 2015	May 28, 2016	May 30, 2015
Numerator for basic and diluted earnings per share:
Net income (loss)	$ (1,052)	$ 1,191	$ (710)	$ 3,447
Denominator for basic and diluted earnings per share:
Basic weighted average shares outstanding	14,259	16,739	15,259	16,839
Effect of dilutive securities:
Stock options and other share-based awards		161		187
Diluted weighted average shares outstanding	14,259	16,900	15,259	17,026
EPS Calculations:
Net income (loss) per share: Basic	$ (0.07)	$ 0.07	$ (0.05)	$ 0.20
Net income (loss) per share: Diluted	$ (0.07)	$ 0.07	$ (0.05)	$ 0.20

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Thousands	Sep. 01, 2015item	May 28, 2016USD ($)	May 30, 2015USD ($)	May 28, 2016USD ($)	May 30, 2015USD ($)
Segment Information [Abstract]
Number of new operating divisions | item	4
Increase of contingent earnout liability | $		$ 88	$ (51)	$ 1,456	$ (79)

Segment Information (Schedule O

Segment Information (Schedule Of Segment Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 28, 2016	May 30, 2015	May 28, 2016	May 30, 2015
Segment Reporting Information [Line Items]
Sales to external customers	$ 44,738	$ 48,306	$ 135,224	$ 142,497
Gross profit	29,562	30,322	89,488	91,542
Adjusted EBITDA	1,794	4,864	10,675	14,590
Depreciation	1,003	980	2,809	2,984
Amortization	722	912	2,541	2,818
Direct Offices [Member]
Segment Reporting Information [Line Items]
Sales to external customers	23,892	26,307	72,119	77,387
Gross profit	16,804	18,379	51,189	54,191
Adjusted EBITDA	2,856	3,219	9,873	8,763
Depreciation	70	85	212	252
Amortization	1	1	3	3
Strategic Markets [Member]
Segment Reporting Information [Line Items]
Sales to external customers	6,906	9,337	21,636	28,153
Gross profit	4,027	5,240	13,357	16,577
Adjusted EBITDA	232	1,994	2,369	6,570
Depreciation	1	70	95	159
Amortization	61	246	553	812
Education Practice [Member]
Segment Reporting Information [Line Items]
Sales to external customers	7,397	6,091	22,151	17,249
Gross profit	4,202	2,778	11,787	8,524
Adjusted EBITDA	(1,584)	(919)	(2,443)	(2,626)
Depreciation	1	1	3	3
International Licensees [Member]
Segment Reporting Information [Line Items]
Sales to external customers	4,472	4,027	13,093	12,845
Gross profit	3,488	2,913	10,046	9,658
Adjusted EBITDA	2,259	1,559	6,653	5,526
Depreciation	1	1	3	4
Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales to external customers	42,667	45,762	128,999	135,634
Gross profit	28,521	29,310	86,379	88,950
Adjusted EBITDA	3,763	5,853	16,452	18,233
Depreciation	73	157	313	418
Amortization	62	247	556	815
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Sales to external customers	2,071	2,544	6,225	6,863
Gross profit	1,041	1,012	3,109	2,592
Adjusted EBITDA	(1,969)	(989)	(5,777)	(3,643)
Depreciation	930	823	2,496	2,566
Amortization	$ 660	$ 665	$ 1,985	$ 2,003

Segment Information (Reconcilia

Segment Information (Reconciliation Of Adjusted EBITDA) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	May 28, 2016	Feb. 27, 2016	May 30, 2015	May 28, 2016	May 30, 2015
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	$ 1,794		$ 4,864	$ 10,675	$ 14,590
Share-based compensation expense	(1,048)		(592)	(2,922)	(1,602)
Reduction (increase) to contingent earn out liability	(88)		51	(1,456)	79
Restructuring costs		$ (400)		(376)
Impairment of assets			(1,082)		(1,082)
Other income (expense)	(191)		65	(330)
Depreciation	(1,003)		(980)	(2,809)	(2,984)
Amortization	(722)		(912)	(2,541)	(2,818)
Income (loss) from operations	(1,258)		1,414	241	6,183
Interest income	81		104	243	322
Interest expense	(564)		(532)	(1,659)	(1,605)
Discount on related party receivable			(233)		(364)
Income (loss) before income taxes	(1,741)		753	(1,175)	4,536
Income tax benefit (provision)	689		438	465	(1,089)
Net income (loss)	(1,052)		1,191	(710)	3,447
Operating Segments [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	3,763		5,853	16,452	18,233
Depreciation	(73)		(157)	(313)	(418)
Amortization	(62)		(247)	(556)	(815)
Corporate And Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated Adjusted EBITDA	(1,969)		(989)	(5,777)	(3,643)
Depreciation	(930)		(823)	(2,496)	(2,566)
Amortization	$ (660)		$ (665)	$ (1,985)	$ (2,003)

Investment In FC Organization35

Investment In FC Organizational Products (Narrative) (Details) - FC Organizational Products [Member] - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	May 28, 2016	Aug. 31, 2016	Aug. 31, 2015
Related Party Transaction [Line Items]
Percent ownership interest in related party	19.50%
Receivable from related party	$ 3.2		$ 4
Discount on receivable from related party	$ 0.9		$ 1
Discount rate on long-term receivable from related party	15.00%
Scenario, Forecast [Member]
Related Party Transaction [Line Items]
Cash received from related party		$ 2.7