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Business Segments And Foreign Operations | 9 Months Ended
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May 31, 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. Also included in corporate overhead costs for fiscal year 2018 were corporate funded advertising and sales promotion expenses focused on increasing the Company’s digital presence and building brand awareness. 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, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 52,966 |  | $ | 44,548 |  | $ | 16,475 |  | $ | - |  | $ | 113,989
Income from operations | $ | 15,418 |  | $ | 9,918 |  | $ | 4,352 |  | $ | (6,486) |  | $ | 23,202
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 1,137 |  | $ | 614 |  | $ | 71 |  | $ | 63 |  | $ | 1,885
Interest income | $ | 6 |  | $ | 1 |  | $ | 20 |  | $ | - |  | $ | 27
Interest expense | $ | 399 |  | $ | 167 |  | $ | 1 |  | $ | - |  | $ | 567
May 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 52,999 |  | $ | 39,571 |  | $ | 14,455 |  | $ | - |  | $ | 107,025
Income from operations | $ | 15,709 |  | $ | 9,565 |  | $ | 3,298 |  | $ | (6,243) |  | $ | 22,329
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 999 |  | $ | 685 |  | $ | 81 |  | $ | 198 |  | $ | 1,963
Interest income | $ | - |  | $ | 34 |  | $ | 73 |  | $ | - |  | $ | 107
Interest expense | $ | 1,202 |  | $ | - |  | $ | 3 |  | $ | - |  | $ | 1,205
Nine Months Ended: |  |  |  |  |  |  |  |  |  |
May 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 144,654 |  | $ | 124,259 |  | $ | 47,693 |  | $ | - |  | $ | 316,606
Income from operations | $ | 36,712 |  | $ | 28,923 |  | $ | 13,236 |  | $ | (19,553) |  | $ | 59,318
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 3,400 |  | $ | 1,930 |  | $ | 212 |  | $ | 168 |  | $ | 5,710
Interest income | $ | 22 |  | $ | 21 |  | $ | 80 |  | $ | - |  | $ | 123
Interest expense | $ | 1,727 |  | $ | 230 |  | $ | 5 |  | $ | - |  | $ | 1,962
May 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 144,129 |  | $ | 114,231 |  | $ | 47,518 |  | $ | - |  | $ | 305,878
Income from operations | $ | 37,075 |  | $ | 27,933 |  | $ | 13,099 |  | $ | (19,274) |  | $ | 58,833
Depreciation and |  |  |  |  |  |  |  |  |  |  |  |  |  |
amortization expense | $ | 3,139 |  | $ | 1,890 |  | $ | 234 |  | $ | 586 |  | $ | 5,849
Interest income | $ | 1 |  | $ | 271 |  | $ | 99 |  | $ | - |  | $ | 371
Interest expense | $ | 3,040 |  | $ | - |  | $ | 8 |  | $ | - |  | $ | 3,048
(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 May 31, |  | Nine Months Ended May 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Maintenance products | $ | 104,533 |  | $ | 98,839 |  | $ | 289,371 |  | $ | 279,188
Homecare and cleaning products |  | 9,456 |  |  | 8,186 |  |  | 27,235 |  |  | 26,690
Total | $ | 113,989 |  | $ | 107,025 |  | $ | 316,606 |  | $ | 305,878

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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