XML 119 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segments And Foreign Operations
 9 Months Ended
May 31, 2013
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 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 May 31:

Americas

 

Europe

 

Asia-Pacific

 

Total

2013

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
47,677 

 

$
32,462 

 

$
12,964 

 

$
93,103 

Income from operations (1)

$
5,967 

 

$
6,715 

 

$
2,276 

 

$
14,958 

Depreciation and amortization expense

$
1,033 

 

$
240 

 

$
54 

 

$
1,327 

Interest income

$

 -

 

$
74 

 

$
31 

 

$
105 

Interest expense

$
179 

 

$

 -

 

$
3 

 

$
182 

Total assets

$
193,129 

 

$
109,278 

 

$
18,084 

 

$
320,491 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
43,972 

 

$
30,100 

 

$
12,950 

 

$
87,022 

Income from operations (1)

$
3,637 

 

$
7,221 

 

$
2,282 

 

$
13,140 

Depreciation and amortization expense

$
887 

 

$
281 

 

$
48 

 

$
1,216 

Interest income

$

 -

 

$
33 

 

$
28 

 

$
61 

Interest expense

$
157 

 

$

 -

 

$
2 

 

$
159 

Total assets

$
184,105 

 

$
96,195 

 

$
16,394 

 

$
296,694 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Income from operations for the Americas segment included corporate expenses of $4.9 million and $5.0 million for the three months ended May 31, 2013 and 2012, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the Nine Months Ended May 31:

Americas

 

Europe

 

Asia-Pacific

 

Total

2013

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
133,249 

 

$
100,107 

 

$
41,723 

 

$
275,079 

Income from operations (2)

$
14,363 

 

$
22,666 

 

$
8,229 

 

$
45,258 

Depreciation and amortization expense

$
2,905 

 

$
717 

 

$
143 

 

$
3,765 

Interest income

$
1 

 

$
252 

 

$
109 

 

$
362 

Interest expense

$
476 

 

$

 -

 

$
7 

 

$
483 

Total assets

$
193,129 

 

$
109,278 

 

$
18,084 

 

$
320,491 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
130,622 

 

$
88,227 

 

$
39,084 

 

$
257,933 

Income from operations (2)

$
12,571 

 

$
17,963 

 

$
7,615 

 

$
38,149 

Depreciation and amortization expense

$
2,567 

 

$
989 

 

$
135 

 

$
3,691 

Interest income

$
1 

 

$
90 

 

$
91 

 

$
182 

Interest expense

$
478 

 

$

 -

 

$
6 

 

$
484 

Total assets

$
184,105 

 

$
96,195 

 

$
16,394 

 

$
296,694 

 

 

 

 

 

 

 

 

 

 

 

 

(2)

Income from operations for the Americas segment included corporate expenses of $14.7 million and $14.6 million for the nine months ended May 31, 2013 and 2012, respectively.

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended May 31,

 

Nine Months Ended May 31,

 

2013

 

2012

 

2013

 

2012

Multi-purpose maintenance products

$
82,150 

 

$
73,666 

 

$
239,343 

 

$
215,886 

Homecare and cleaning products

 
10,953 

 

 
13,356 

 

 
35,736 

 

 
42,047 

Total

$
93,103 

 

$
87,022 

 

$
275,079 

 

$
257,933