v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
May 31, 2026
May 31, 2025
Operating activities:    
Net income $ 64,853 $ 117,871
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation 47,624 1,908
Depreciation and amortization 16,800 16,348
Non-cash lease expense 5,388 5,370
Impairment charges and asset disposal losses 609 113
Provision for credit losses on accounts receivable 24,585 35,885
Deferred income taxes 6,931 28,885
Changes in assets and liabilities, excluding the impact of acquisition:    
Accounts receivable (62,103) (76,715)
Prepaid income taxes (5,013) (276)
Other assets (1,948) 983
Accounts payable (1,321) (11,197)
Accrued compensation and benefits (8,977) (11,383)
Student deposits (3,455) (70,862)
Deferred revenue 38,836 28,742
Operating lease liabilities (7,599) (8,510)
Other liabilities 1,474 (5,373)
Net cash provided by operating activities 116,684 51,789
Investing activities:    
Purchases of property and equipment (15,005) (16,399)
Purchases of marketable securities (118,120) (20,557)
Sales of marketable securities 14,758 8,475
Maturities of marketable securities 13,815 14,723
Acquisition, net of cash acquired 0 (1,982)
Other investing activities (108) (58)
Net cash used in investing activities (104,660) (15,798)
Financing activities:    
Common stock repurchased (3,963) 0
Payments of dividends and dividend equivalents (17,375) 0
Payroll taxes paid on share-based awards (6,150) (774)
Proceeds from stock option exercises 456 0
Payments of dividends and dividend equivalents to noncontrolling interests 0 (13,961)
Capital distributions to limited partners 0 (134,001)
Net cash used in financing activities (27,032) (148,736)
Net change in cash and restricted cash (15,008) (112,745)
Cash and restricted cash, beginning of period 173,001 [1] 356,170
Cash and restricted cash, end of period 157,993 [1] 243,425
Supplemental disclosure information:    
Income tax payments, net 28,958 11,987
Noncontrolling interest issued in business combination $ 0 $ 4,147
[1] Cash and cash equivalents includes restricted cash and cash equivalents.