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Business Segments and Foreign Operations
 12 Months Ended
Aug. 31, 2012
Business Segments and Foreign Operations [Abstract]  
Business Segments and Foreign Operations

Note 16. Business Segments and Foreign Operations

The Company evaluates the performance of its segments and allocates resources to them based on sales and operating income. The Company is organized based on geographic location. Segment data does not include inter-segment revenues and incorporates corporate expenses into the Americas segment. All such corporate expenses are not allocated to other segments because the Company’s segments are run independently. As a result, there are few costs that could be considered only corporate expenses that would qualify for allocation to other segments. The most significant portion of corporate expenses relates to the Americas segment both as a percentage of time and sales. Therefore, any allocation to other segments would be arbitrary.

 

Summary information about reportable segments is as follows (in thousands):

 

                                 
    Americas     Europe     Asia-Pacific     Total  

Fiscal Year Ended August 31, 2012

                                

Net sales

   $   177,394     $   116,936     $   48,454     $   342,784  

Income from operations(1)

   $ 19,747     $ 23,524     $ 8,458     $ 51,729  

Depreciation and amortization expense

   $ 3,468     $ 1,224     $ 177     $ 4,869  

Interest income

   $ 1     $ 122     $ 138     $ 261  

Interest expense

   $ 721     $ 0     $ 8     $ 729  

Total assets

   $ 188,194     $ 99,091     $ 13,585     $ 300,870  
         

Fiscal Year Ended August 31, 2011

                                

Net sales

   $ 169,881     $ 125,400     $ 41,128     $ 336,409  

Income from operations(1)

   $ 19,777     $ 27,846     $ 6,509     $ 54,132  

Depreciation and amortization expense

   $ 2,822     $ 1,377     $ 187     $ 4,386  

Interest income

   $ 8     $ 108     $ 112     $ 228  

Interest expense

   $ 1,066     $ 0     $ 10     $ 1,076  

Total assets

   $ 171,813     $ 96,332     $ 11,632     $ 279,777  
         

Fiscal Year Ended August 31, 2010

                                

Net sales

   $ 179,867     $ 110,367     $ 31,282     $ 321,516  

Income from operations(1)

   $ 25,095     $ 25,075     $ 5,028     $ 55,198  

Depreciation and amortization expense

   $ 2,856     $ 1,236     $ 156     $ 4,248  

Interest income

   $ 0     $ 108     $ 66     $ 174  

Interest expense

   $ 1,717     $ 0     $ 9     $ 1,726  

Total assets

   $ 195,991     $ 83,683     $ 9,434     $ 289,108  

 

(1)

For the fiscal years ended August 31, 2012, 2011 and 2010, income from operations for the Americas segment included corporate expenses of $19.7 million, $19.3 million and $17.5 million, respectively.

Net sales by product line are as follows (in thousands):

 

                         
    Fiscal Year Ended August 31,  
    2012     2011     2010  

Net Sales by Product Line:

                        

Multi-purpose maintenance products

   $   286,480     $   278,763     $   258,095  

Homecare and cleaning products

     56,304       57,646       63,421  
   

 

 

    

 

 

    

 

 

  

Total

   $ 342,784     $ 336,409     $ 321,516  
   

 

 

    

 

 

    

 

 

  

 

Net sales and long-lived assets by geographic area are as follows (in thousands):

 

                         
    Fiscal Year Ended August 31,  
    2012     2011     2010  

Net Sales by Geography:

                        

United States

   $ 144,052     $ 135,025     $ 149,127  

United Kingdom

     23,402       26,188       22,367  

Germany(2)

     21,092       26,865       23,464  

Latin America

     17,689       18,720       16,609  

Other international

     136,549       129,611       109,949  
   

 

 

    

 

 

    

 

 

  

Total

   $ 342,784     $ 336,409     $ 321,516  
   

 

 

    

 

 

    

 

 

  

Long-lived Assets by Geography(3):

                        

United States

   $ 5,297     $ 5,232     $ 6,379  

International

     3,766       3,250       2,943  
   

 

 

    

 

 

    

 

 

  

Total

   $ 9,063     $ 8,482     $ 9,322  
   

 

 

    

 

 

    

 

 

  

 

(2) 

Represents net sales from the Germanics sales region which includes Germany, Austria, Denmark, Switzerland, Sweden and the Netherlands.

(3) 

Includes tangible assets or property and equipment, net, attributed to the geographic location in which such assets are located.