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Business Segments And Foreign Operations
 6 Months Ended
Feb. 29, 2016
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

February 29, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

 45,542 

 

$

 35,626 

 

$

 13,382 

 

$

 -

 

$

 94,550 

Income from operations

$

 10,814 

 

$

 9,413 

 

$

 3,769 

 

$

 (6,090)

 

$

 17,906 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

 1,061 

 

$

 514 

 

$

 67 

 

$

 8 

 

$

 1,650 

Interest income

$

 1 

 

$

 145 

 

$

 37 

 

$

 -

 

$

 183 

Interest expense

$

 414 

 

$

 -

 

$

 3 

 

$

 -

 

$

 417 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 28, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

 44,702 

 

$

 38,679 

 

$

 13,950 

 

$

 -

 

$

 97,331 

Income from operations

$

 10,859 

 

$

 9,255 

 

$

 3,718 

 

$

 (6,201)

 

$

 17,631 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

 1,032 

 

$

 513 

 

$

 61 

 

$

 8 

 

$

 1,614 

Interest income

$

 2 

 

$

 117 

 

$

 59 

 

$

 -

 

$

 178 

Interest expense

$

 272 

 

$

 -

 

$

 3 

 

$

 -

 

$

 275 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended

 

 

 

 

 

 

 

 

 

February 29, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

 89,954 

 

$

 67,712 

 

$

 29,406 

 

$

 -

 

$

 187,072 

Income from operations

$

 21,674 

 

$

 16,128 

 

$

 8,892 

 

$

 (11,643)

 

$

 35,051 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

 2,141 

 

$

 1,024 

 

$

 131 

 

$

 15 

 

$

 3,311 

Interest income

$

 3 

 

$

 248 

 

$

 80 

 

$

 -

 

$

 331 

Interest expense

$

 783 

 

$

 -

 

$

 6 

 

$

 -

 

$

 789 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 28, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

 89,475 

 

$

 73,270 

 

$

 30,939 

 

$

 -

 

$

 193,684 

Income from operations

$

 20,825 

 

$

 15,635 

 

$

 8,164 

 

$

 (11,400)

 

$

 33,224 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

 2,060 

 

$

 1,055 

 

$

 116 

 

$

 16 

 

$

 3,247 

Interest income

$

 5 

 

$

 217 

 

$

 90 

 

$

 -

 

$

 312 

Interest expense

$

 565 

 

$

 -

 

$

 4 

 

$

 -

 

$

 569 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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

 

Six Months Ended

 

February 29,

 

February 28,

 

February 29,

 

February 28,

 

2016

 

2015

 

2016

 

2015

Maintenance products

$

 84,641 

 

$

 86,589 

 

$

 166,882 

 

$

 171,493 

Homecare and cleaning products

 

 9,909 

 

 

 10,742 

 

 

 20,190 

 

 

 22,191 

Total

$

 94,550 

 

$

 97,331 

 

$

 187,072 

 

$

 193,684