| Accounts Receivable, Net |
Note 5. Accounts Receivable, Net Accounts receivable, net consists of the following as of the respective periods:
|
|
|
|
|
|
|
|
|
($ in thousands) |
|
May 31,
2026 |
|
|
August 31,
2025 |
|
Student accounts receivable |
|
$ |
136,094 |
|
|
$ |
91,127 |
|
Allowance for credit losses |
|
|
(41,230 |
) |
|
|
(42,000 |
) |
Net student accounts receivable |
|
|
94,864 |
|
|
|
49,127 |
|
Other receivables |
|
|
1,611 |
|
|
|
9,830 |
|
Accounts receivable, net |
|
$ |
96,475 |
|
|
$ |
58,957 |
|
The following summarizes the activity in allowance for credit losses during the respective periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, |
|
|
Nine Months Ended May 31, |
|
($ in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Beginning allowance for credit losses |
|
$ |
40,420 |
|
|
$ |
43,746 |
|
|
$ |
42,000 |
|
|
$ |
49,200 |
|
Provision for credit losses on accounts receivable |
|
|
8,510 |
|
|
|
12,531 |
|
|
|
24,585 |
|
|
|
35,885 |
|
Write-offs, net of recoveries |
|
|
(7,700 |
) |
|
|
(9,889 |
) |
|
|
(25,355 |
) |
|
|
(38,697 |
) |
Ending allowance for credit losses |
|
$ |
41,230 |
|
|
$ |
46,388 |
|
|
$ |
41,230 |
|
|
$ |
46,388 |
|
|