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Revenue Recognition
6 Months Ended
Feb. 28, 2023
Revenue Recognition [Abstract]  
Revenue Recognition Note 10. Revenue Recognition

Disaggregation of Revenue

The following table presents our revenues by segment and major source (in thousands):

:

Three Months Ended February 28, 2023:

Six Months Ended February 28, 2023:

Americas

EMEA

Asia-Pacific

Total

Americas

EMEA

Asia-Pacific

Total

Maintenance products

$

59,126 

$

44,351 

$

18,627 

$

122,104 

$

112,697 

$

83,080 

$

42,639 

$

238,416 

HCCP (1)

3,764 

2,458 

1,867 

8,089 

8,207 

4,501 

3,962 

16,670 

Total net sales

$

62,890 

$

46,809 

$

20,494 

$

130,193 

$

120,904 

$

87,581 

$

46,601 

$

255,086 

Three Months Ended February 28, 2022:

Six Months Ended February 28, 2022:

Americas

EMEA

Asia-Pacific

Total

Americas

EMEA

Asia-Pacific

Total

Maintenance products

$

50,409 

$

52,093 

$

19,399 

$

121,901 

$

102,393 

$

107,536 

$

38,002 

$

247,931 

HCCP (1)

4,088 

1,970 

2,027 

8,085 

8,392 

4,082 

4,327 

16,801 

Total net sales

$

54,497 

$

54,063 

$

21,426 

$

129,986 

$

110,785 

$

111,618 

$

42,329 

$

264,732 

(1)Homecare and cleaning products (“HCCP”)

Contract Balances

Contract liabilities consist of deferred revenue related to undelivered products. Deferred revenue is recorded when payments have been received from customers for undelivered products. Revenue is subsequently recognized when revenue recognition criteria are met, generally when control of the product transfers to the customer. The Company had contract liabilities of $3.1 million and $5.0 million as of February 28, 2023 and August 31, 2022, respectively. All of the $5.0 million that was included in contract liabilities as of August 31, 2022 was recognized to revenue during the six months ended February 28, 2023. These contract liabilities are recorded in accrued liabilities on the Companys condensed consolidated balance sheets. Contract assets are recorded if the Company has satisfied a performance obligation but does not yet have an unconditional right to consideration. The Company did not have any contract assets as of February 28, 2023 and August 31, 2022. The Company has an unconditional right to payment for its trade and other accounts receivable on the Company’s condensed consolidated balance sheets. These receivables are presented net of an allowance for doubtful accounts, which was insignificant as of February 28, 2023 and August 31, 2022.