XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segments And Foreign Operations
3 Months Ended
Nov. 30, 2017
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

November 30, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

46,163 

 

$

35,028 

 

$

16,406 

 

$

 -

 

$

97,597 

Income from operations

$

11,030 

 

$

7,836 

 

$

4,620 

 

$

(6,350)

 

$

17,136 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

1,094 

 

$

559 

 

$

72 

 

$

192 

 

$

1,917 

Interest income

$

 

$

119 

 

$

13 

 

$

 -

 

$

133 

Interest expense

$

839 

 

$

 -

 

$

 

$

 -

 

$

841 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

November 30, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

42,840 

 

$

30,257 

 

$

16,151 

 

$

 -

 

$

89,248 

Income from operations

$

10,749 

 

$

7,178 

 

$

4,986 

 

$

(6,397)

 

$

16,516 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

1,049 

 

$

501 

 

$

62 

 

$

 

$

1,620 

Interest income

$

 

$

80 

 

$

65 

 

$

 -

 

$

147 

Interest expense

$

527 

 

$

 -

 

$

 

$

 -

 

$

531 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 November 30,



2017

 

2016

Maintenance products

$

88,030 

 

$

79,159 

Homecare and cleaning products

 

9,567 

 

 

10,089 

Total

$

97,597 

 

$

89,248