Business Segments And Foreign Operations

12 Months Ended

Aug. 31, 2020

Business Segments And Foreign Operations [Abstract]

Business Segments And Foreign Operations

Note 17. 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 business 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 are corporate funded advertising and sales promotion expenses focused on increasing the Company’s digital presence and building brand awareness.



							Unallocated
	Americas		EMEA		Asia-Pacific		Corporate ⁽¹⁾		Total
Fiscal Year Ended August 31, 2020
Net sales	$	200,493	$	156,241	$	51,764	$	-	$	408,498
Income from operations	$	51,089	$	37,620	$	14,982	$	(26,471)	$	77,220
Depreciation and
amortization expense	$	4,361	$	2,855	$	307	$	178	$	7,701
Interest income	$	15	$	2	$	76	$	-	$	93
Interest expense	$	1,867	$	567	$	5	$	-	$	2,439

Fiscal Year Ended August 31, 2019
Net sales	$	193,972	$	160,615	$	68,763	$	-	$	423,350
Income from operations	$	50,069	$	37,246	$	20,813	$	(25,746)	$	82,382
Depreciation and
amortization expense	$	4,532	$	2,538	$	282	$	241	$	7,593
Interest income	$	29	$	23	$	103	$	-	$	155
Interest expense	$	2,156	$	379	$	6	$	-	$	2,541

Fiscal Year Ended August 31, 2018
Net sales	$	192,878	$	150,878	$	64,762	$	-	$	408,518
Income from operations	$	48,954	$	36,241	$	19,098	$	(25,689)	$	78,604
Depreciation and
amortization expense	$	4,142	$	2,561	$	313	$	784	$	7,800
Interest income	$	13	$	320	$	121	$	-	$	454
Interest expense	$	4,209	$	-	$	10	$	-	$	4,219

(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 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):



	Fiscal Year Ended August 31,
	2020		2019		2018
Maintenance products	$	369,444	$	386,644	$	372,391
Homecare and cleaning products		39,054		36,706		36,127
Total	$	408,498	$	423,350	$	408,518

‎

Net sales and long-lived assets by geographic area are as follows (in thousands):



	Fiscal Year Ended August 31,
	2020		2019		2018
Net Sales by Geography:
United States	$	164,446	$	157,904	$	154,986
International		244,052		265,446		253,532
Total	$	408,498	$	423,350	$	408,518

Long-lived Assets by Geography ⁽¹⁾:
United States	$	41,206	$	24,535	$	21,986
International		19,553		20,541		14,371
Total	$	60,759	$	45,076	$	36,357

(1) Includes tangible assets and property and equipment, net, attributed to the geographic location in which such assets are located.