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Business Segments And Foreign Operations
 12 Months Ended
Aug. 31, 2013
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 on the basis of geographical area into the following three segments: the Americas; EMEA; and Asia-Pacific. Segment data does not include inter-segment revenues. Unallocated corporate expenses are general corporate overhead expenses not directly attributable to the operating segments and are reported separate from the Company’s identified segments. The corporate overhead costs include expenses for the Company’s accounting and finance, information technology, human resources, research and development, quality control and executive management functions, as well as all direct costs associated with public company compliance matters including legal, audit and other professional services costs.

 

The Company has updated the financial information previously reported for the business segments to separate out the unallocated corporate expenses. These amounts were included within the Americas segment in the Company’s previously reported business segment information. Summary information about reportable segments is as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unallocated

 

 

 

 

Americas

 

EMEA

 

Asia-Pacific

 

Corporate (1)

 

Total

Fiscal Year Ended August 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
180,544 

 

$
135,984 

 

$
52,020 

 

$

 -

 

$
368,548 

Income from operations

$
39,383 

 

$
31,213 

 

$
9,308 

 

$
(23,267)

 

$
56,637 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$
4,189 

 

$
959 

 

$
200 

 

$
11 

 

$
5,359 

Interest income

$
1 

 

$
348 

 

$
157 

 

$

 -

 

$
506 

Interest expense

$
684 

 

$

 -

 

$
9 

 

$

 -

 

$
693 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
177,394 

 

$
116,936 

 

$
48,454 

 

$

 -

 

$
342,784 

Income from operations

$
39,455 

 

$
23,524 

 

$
8,458 

 

$
(19,708)

 

$
51,729 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$
3,458 

 

$
1,224 

 

$
177 

 

$
10 

 

$
4,869 

Interest income

$
1 

 

$
122 

 

$
138 

 

$

 -

 

$
261 

Interest expense

$
721 

 

$

 -

 

$
8 

 

$

 -

 

$
729 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
169,881 

 

$
125,400 

 

$
41,128 

 

$

 -

 

$
336,409 

Income from operations

$
39,085 

 

$
27,846 

 

$
6,509 

 

$
(19,308)

 

$
54,132 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$
2,702 

 

$
1,377 

 

$
187 

 

$
120 

 

$
4,386 

Interest income

$
8 

 

$
108 

 

$
112 

 

$

 -

 

$
228 

Interest expense

$
1,066 

 

$

 -

 

$
10 

 

$

 -

 

$
1,076 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the operating segments. These expenses are reported separate from the Company’s identified segments and are included in Selling, General and Administrative expenses on the Company’s consolidated statements of operations.

 

The CODM does not review assets by segment as part of the financial information provided and therefore, no asset information is provided in the above table.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31,

 

2013

 

2012

 

2011

Multi-purpose maintenance products

$
320,883 

 

$
286,480 

 

$
278,763 

Homecare and cleaning products

 
47,665 

 

 
56,304 

 

 
57,646 

Total

$
368,548 

 

$
342,784 

 

$
336,409 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31,

 

2013

 

2012

 

2011

Net Sales by Geography:

 

 

 

 

 

 

 

 

United States

$
145,233 

 

$
144,052 

 

$
135,025 

United Kingdom

 
26,298 

 

 
23,402 

 

 
26,188 

Germany (2)

 
26,671 

 

 
21,092 

 

 
26,865 

Latin America

 
19,200 

 

 
17,689 

 

 
18,720 

Other international

 
151,146 

 

 
136,549 

 

 
129,611 

Total

$
368,548 

 

$
342,784 

 

$
336,409 

 

 

 

 

 

 

 

 

 

Long-lived Assets by Geography (3) :

 

 

 

 

 

 

 

 

United States

 
4,223 

 

 
5,297 

 

 
5,232 

International

 
4,312 

 

 
3,766 

 

 
3,250 

Total

$
8,535 

 

$
9,063 

 

$
8,482 

 

 

 

 

 

 

 

 

 

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

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