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Business Segments And Foreign Operations
 6 Months Ended
Feb. 29, 2012
Business Segments And Foreign Operations [Abstract]  
Business Segments And Foreign Operations

Note 14. Business Segments and Foreign Operations

The Company evaluates the performance of its segments and allocates resources to them based on sales, operating income and expected return. The Company is organized based on geographic location. Segment data does not include inter-segment revenues and incorporates corporate expenses into the Americas segment, with the exception of certain research and development expenses which the Europe segment started to incur during fiscal year 2011. 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.

The tables below present information about reportable segments and net sales by product line (in thousands):

As of and for the Three Months Ended:

 

     Americas      Europe      Asia-Pacific      Total  

February 29, 2012

            

Net sales

    $ 46,023       $ 28,001       $ 11,942       $ 85,966   

Income from operations (1)

   $ 6,521       $ 5,933       $ 2,255       $ 14,709   

Depreciation and amortization expense

    $ 858       $ 352       $ 47       $ 1,257   

Interest income

    $ 1       $ 28       $ 40       $ 69   

Interest expense

    $ 81       $ —         $ 2       $ 83   

Total assets

    $ 186,778       $ 95,993       $ 16,223       $ 298,994   

February 28, 2011

            

Net sales

    $ 38,086       $ 31,757       $ 9,363       $ 79,206   

Income from operations (1)

   $ 4,464       $ 7,637       $ 1,760       $ 13,861   

Depreciation and amortization expense

    $ 504       $ 312       $ 50       $ 866   

Interest income

    $ 2       $ 24       $ 27       $ 53   

Interest expense

    $ 216       $ —         $ 3       $ 219   

Total assets

    $ 185,156       $ 93,713       $ 11,710       $ 290,579   

 

(1) Income from operations for the Americas segment included corporate expenses of $5.0 million and $5.3 million for the three months ended February 29, 2012 and February 28, 2011, respectively. Income from operations for the Europe segment included research and development expenses of $0.3 million for each of the three months ended February 29, 2012 and February 28, 2011, respectively.

As of and for the Six Months Ended:

 

     Americas      Europe      Asia-Pacific      Total  

February 29, 2012

            

Net sales

    $ 86,651       $ 58,127       $ 26,133       $ 170,911   

Income from operations (2)

   $ 8,934       $ 10,742       $ 5,333       $ 25,009   

Depreciation and amortization expense

    $ 1,680       $ 708       $ 87       $ 2,475   

Interest income

    $ 1       $ 57       $ 63       $ 121   

Interest expense

    $ 321       $ —         $ 4       $ 325   

Total assets

    $ 186,778       $ 95,993       $ 16,223       $ 298,994   

February 28, 2011

            

Net sales

    $ 77,301       $ 62,514       $ 20,318       $ 160,133   

Income from operations (2)

   $ 8,642       $ 14,246       $ 4,295       $ 27,183   

Depreciation and amortization expense

    $ 1,126       $ 623       $ 95       $ 1,844   

Interest income

    $ 7       $ 50       $ 51       $ 108   

Interest expense

    $ 536       $ —         $ 5       $ 541   

Total assets

    $ 185,156       $ 93,713       $ 11,710       $ 290,579   

 

(2) Income from operations for the Americas segment included corporate expenses of $9.6 million and $9.9 million for the six months ended February 29, 2012 and February 28, 2011, respectively. Income from operations for the Europe segment included research and development expenses of $0.5 million and $0.4 million for the six months ended February 29, 2012 and February 28, 2011, respectively.

 

Net Sales by Product Line:

 

     Three Months Ended      Six Months Ended  
     February 29,
2012		      February 28,
2011		      February 29,
2012		      February 28,
2011		  

Multi-purpose maintenance products

    $ 71,409       $ 65,440       $ 142,221       $ 131,973   

Homecare and cleaning products

      14,557         13,766         28,690         28,160   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 85,966       $ 79,206       $ 170,911       $ 160,133