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Business Segments and Foreign Operations
 3 Months Ended
Nov. 30, 2012
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 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):

 

As of and for the Three Months Ended November 30:    Americas      Europe      Asia-Pacific      Total  

2012

            

Net sales

    $ 45,355       $ 35,225       $ 14,684       $ 95,264   

Income from operations (1)

    $ 4,571       $ 8,451       $ 2,843       $ 15,865   

Depreciation and amortization expense

    $ 920       $ 240       $ 43       $ 1,203   

Interest income

    $ 1       $ 36       $ 25       $ 62   

Interest expense

    $ 123       $ 0       $ 2       $ 125   

Total assets

    $ 184,483       $ 104,861       $ 17,761       $ 307,105   

2011

            

Net sales

    $ 40,628       $ 30,126       $ 14,191       $ 84,945   

Income from operations (1)

    $ 2,413       $ 4,809       $ 3,078       $ 10,300   

Depreciation and amortization expense

    $ 822       $ 356       $ 40       $ 1,218   

Interest income

    $ 0       $ 29       $ 23       $ 52   

Interest expense

    $ 240       $ 0       $ 2       $ 242   

Total assets

    $ 179,537       $ 91,831       $ 13,853       $ 285,221   

 

(1) Income from operations for the Americas segment included corporate expenses of $4.9 million and $4.6 million for the three months ended November 30, 2012 and 2011, respectively.

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

 

Net Sales by Product Line:    Three Months Ended
November 30,		  
     2012      2011  

Multi-purpose maintenance products

    $ 81,746       $ 70,811   

Homecare and cleaning products

      13,518         14,134   
  

 

 

     

 

 

  

Total

    $ 95,264       $ 84,945