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Business Segments And Foreign Operations | 9 Months Ended
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May 31, 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
May 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 45,096 |  | $ | 36,678 |  | $ | 13,876 |  | $ | - |  | $ | 95,650
Income from operations | $ | 9,991 |  | $ | 7,306 |  | $ | 2,564 |  | $ | (4,758) |  | $ | 15,103
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 1,035 |  | $ | 384 |  | $ | 64 |  | $ | 5 |  | $ | 1,488
Interest income | $ | 3 |  | $ | 104 |  | $ | 29 |  | $ | - |  | $ | 136
Interest expense | $ | 266 |  | $ | - |  | $ | 2 |  | $ | - |  | $ | 268
May 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 47,677 |  | $ | 32,758 |  | $ | 12,668 |  | $ | - |  | $ | 93,103
Income from operations | $ | 11,829 |  | $ | 6,175 |  | $ | 2,204 |  | $ | (5,250) |  | $ | 14,958
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 1,030 |  | $ | 240 |  | $ | 55 |  | $ | 2 |  | $ | 1,327
Interest income | $ | - |  | $ | 74 |  | $ | 31 |  | $ | - |  | $ | 105
Interest expense | $ | 179 |  | $ | - |  | $ | 3 |  | $ | - |  | $ | 182
For the Nine Months Ended |  |  |  |  |  |  |  |  |
May 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 134,366 |  | $ | 111,305 |  | $ | 39,704 |  | $ | - |  | $ | 285,375
Income from operations | $ | 29,893 |  | $ | 24,740 |  | $ | 8,505 |  | $ | (16,016) |  | $ | 47,122
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 3,193 |  | $ | 947 |  | $ | 177 |  | $ | 20 |  | $ | 4,337
Interest income | $ | 5 |  | $ | 318 |  | $ | 102 |  | $ | - |  | $ | 425
Interest expense | $ | 702 |  | $ | - |  | $ | 7 |  | $ | - |  | $ | 709
May 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 133,249 |  | $ | 101,116 |  | $ | 40,714 |  | $ | - |  | $ | 275,079
Income from operations | $ | 31,297 |  | $ | 21,783 |  | $ | 8,006 |  | $ | (15,828) |  | $ | 45,258
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 2,895 |  | $ | 721 |  | $ | 144 |  | $ | 5 |  | $ | 3,765
Interest income | $ | 1 |  | $ | 252 |  | $ | 109 |  | $ | - |  | $ | 362
Interest expense | $ | 476 |  | $ | - |  | $ | 7 |  | $ | - |  | $ | 483
| (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 May 31, |  | Nine Months Ended May 31,
| 2014 |  | 2013 |  | 2014 |  | 2013
Multi-purpose maintenance products | $ | 84,817 |  | $ | 82,150 |  | $ | 252,607 |  | $ | 239,343
Homecare and cleaning products |  | 10,833 |  |  | 10,953 |  |  | 32,768 |  |  | 35,736
Total | $ | 95,650 |  | $ | 93,103 |  | $ | 285,375 |  | $ | 275,079

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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 Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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 3: 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 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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: 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 7: 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 8: 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 9: 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 10: 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 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 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: 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 14: 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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