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Business Segments And Foreign Operations
6 Months Ended
Feb. 28, 2019
Business Segments And Foreign Operations [Abstract]  
Business Segments And Foreign Operations

Note 14.  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 28, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

43,897 

 

$

40,966 

 

$

16,472 

 

$

 -

 

$

101,335 

Income from operations

$

9,992 

 

$

10,630 

 

$

5,143 

 

$

(6,050)

 

$

19,715 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

1,132 

 

$

644 

 

$

71 

 

$

53 

 

$

1,900 

Interest income

$

10 

 

$

 

$

33 

 

$

 -

 

$

45 

Interest expense

$

620 

 

$

63 

 

$

 

$

 -

 

$

685 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 28, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

44,967 

 

$

39,632 

 

$

16,657 

 

$

 -

 

$

101,256 

Income from operations

$

10,336 

 

$

10,532 

 

$

5,181 

 

$

(6,681)

 

$

19,368 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

1,046 

 

$

646 

 

$

81 

 

$

196 

 

$

1,969 

Interest income

$

 -

 

$

118 

 

$

13 

 

$

 -

 

$

131 

Interest expense

$

999 

 

$

 -

 

$

 

$

 -

 

$

1,002 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended:

 

 

 

 

 

 

 

 

 

 

February 28, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

91,688 

 

$

79,711 

 

$

31,218 

 

$

 -

 

$

202,617 

Income from operations

$

21,294 

 

$

19,005 

 

$

8,884 

 

$

(13,067)

 

$

36,116 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

2,263 

 

$

1,316 

 

$

141 

 

$

105 

 

$

3,825 

Interest income

$

16 

 

$

20 

 

$

60 

 

$

 -

 

$

96 

Interest expense

$

1,328 

 

$

63 

 

$

 

$

 -

 

$

1,395 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

February 28, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

91,130 

 

$

74,660 

 

$

33,063 

 

$

 -

 

$

198,853 

Income from operations

$

21,366 

 

$

18,368 

 

$

9,801 

 

$

(13,031)

 

$

36,504 

Depreciation and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

amortization expense

$

2,140 

 

$

1,205 

 

$

153 

 

$

388 

 

$

3,886 

Interest income

$

 

$

237 

 

$

26 

 

$

 -

 

$

264 

Interest expense

$

1,838 

 

$

 -

 

$

 

$

 -

 

$

1,843 



 

 

 

 

 

 

 

 

 

 

 

 

 

 







(1)

Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business 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. 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,



2019

 

2018

 

2019

 

2018

Maintenance products

$

92,370 

 

$

92,319 

 

$

184,838 

 

$

180,349 

Homecare and cleaning products

 

8,965 

 

 

8,937 

 

 

17,779 

 

 

18,504 

Total

$

101,335 

 

$

101,256 

 

$

202,617 

 

$

198,853