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Business Segments And Foreign Operations | 6 Months Ended
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Feb. 28, 2014
Business Segments And Foreign Operations [Abstract] |
Business Segments And Foreign Operations | Note 1 3. 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. In addition, effective September 1, 2013, the Company transitioned the management of its India operations to the EMEA segment. As a result, the India financial results are now being included in the EMEA segment for all periods presented. These amounts were previously included within the Asia-Pacific segment in the Company’s reported business segment information. Summary information about reportable segments is as follows (in thousands):
|  |  |  |  |  |  |  |  |  | Unallocated |  |  |
For the Three Months Ended | Americas |  | EMEA |  | Asia-Pacific |  | Corporate (1) |  | Total
February 28, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 45,208 |  | $ | 38,111 |  | $ | 10,865 |  | $ | - |  | $ | 94,184
Income from operations | $ | 9,878 |  | $ | 8,499 |  | $ | 1,914 |  | $ | (5,039) |  | $ | 15,252
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 1,090 |  | $ | 316 |  | $ | 61 |  | $ | 4 |  | $ | 1,471
Interest income | $ | 1 |  | $ | 113 |  | $ | 44 |  | $ | - |  | $ | 158
Interest expense | $ | 223 |  | $ | - |  | $ | 3 |  | $ | - |  | $ | 226
February 28, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 40,217 |  | $ | 32,773 |  | $ | 13,722 |  | $ | - |  | $ | 86,712
Income from operations | $ | 9,301 |  | $ | 7,323 |  | $ | 3,037 |  | $ | (5,226) |  | $ | 14,435
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 951 |  | $ | 237 |  | $ | 46 |  | $ | 1 |  | $ | 1,235
Interest income | $ | - |  | $ | 142 |  | $ | 53 |  | $ | - |  | $ | 195
Interest expense | $ | 174 |  | $ | - |  | $ | 2 |  | $ | - |  | $ | 176
For the Six Months Ended |  |  |  |  |  |  |  |  |
February 28, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 89,270 |  | $ | 74,627 |  | $ | 25,828 |  | $ | - |  | $ | 189,725
Income from operations | $ | 19,902 |  | $ | 17,434 |  | $ | 5,941 |  | $ | (11,258) |  | $ | 32,019
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 2,158 |  | $ | 563 |  | $ | 113 |  | $ | 15 |  | $ | 2,849
Interest income | $ | 2 |  | $ | 214 |  | $ | 73 |  | $ | - |  | $ | 289
Interest expense | $ | 436 |  | $ | - |  | $ | 5 |  | $ | - |  | $ | 441
February 28, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 85,572 |  | $ | 68,358 |  | $ | 28,046 |  | $ | - |  | $ | 181,976
Income from operations | $ | 19,468 |  | $ | 15,608 |  | $ | 5,801 |  | $ | (10,577) |  | $ | 30,300
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 1,869 |  | $ | 477 |  | $ | 89 |  | $ | 3 |  | $ | 2,438
Interest income | $ | 1 |  | $ | 178 |  | $ | 78 |  | $ | - |  | $ | 257
Interest expense | $ | 297 |  | $ | - |  | $ | 4 |  | $ | - |  | $ | 301
| (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 condensed consolidated statements of operations.
The Company’s Chief Operating Decision Maker 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):
| Three Months Ended February 28, |  | Six Months Ended February 28,
| 2014 |  | 2013 |  | 2014 |  | 2013
Multi-purpose maintenance products | $ | 83,804 |  | $ | 75,447 |  | $ | 167,790 |  | $ | 157,193
Homecare and cleaning products |  | 10,380 |  |  | 11,265 |  |  | 21,935 |  |  | 24,783
Total | $ | 94,184 |  | $ | 86,712 |  | $ | 189,725 |  | $ | 181,976

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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