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Business Segments And Foreign Operations
 9 Months Ended
May. 31, 2015
Business Segments And Foreign Operations [Abstract]  
Business Segments And Foreign Operations

Note 13.  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.

 

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, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
49,744 

 

$
30,335 

 

$
12,406 

 

$

 -

 

$
92,485 

Income from operations

$
13,542 

 

$
6,195 

 

$
2,372 

 

$
(5,737)

 

$
16,372 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$
995 

 

$
509 

 

$
66 

 

$
7 

 

$
1,577 

Interest income

$
1 

 

$
87 

 

$
25 

 

$

 -

 

$
113 

Interest expense

$
341 

 

$

 -

 

$
2 

 

$

 -

 

$
343 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended

 

 

 

 

 

 

 

 

 

May 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$
139,219 

 

$
103,605 

 

$
43,345 

 

$

 -

 

$
286,169 

Income from operations

$
34,367 

 

$
21,830 

 

$
10,536 

 

$
(17,137)

 

$
49,596 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$
3,055 

 

$
1,564 

 

$
182 

 

$
23 

 

$
4,824 

Interest income

$
6 

 

$
304 

 

$
115 

 

$

 -

 

$
425 

Interest expense

$
906 

 

$

 -

 

$
6 

 

$

 -

 

$
912 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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,

 

2015

 

2014

 

2015

 

2014

Multi-purpose maintenance products

$
81,512 

 

$
84,817 

 

$
253,005 

 

$
252,607 

Homecare and cleaning products

 
10,973 

 

 
10,833 

 

 
33,164 

 

 
32,768 

Total

$
92,485 

 

$
95,650 

 

$
286,169 

 

$
285,375