XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Revenue Recognition
 9 Months Ended
May 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenue
The following table presents our revenues by segment and major source (in thousands):
Three Months Ended May 31, 2023Nine Months Ended May 31, 2023
AmericasEMEAAsia-PacificTotalAmericasEMEAAsia-PacificTotal
Maintenance products$67,435 $49,721 $16,169 $133,325 $180,132 $132,801 $58,808 $371,741 
HCCP (1)
3,695 2,803 1,894 8,392 11,902 7,304 5,856 25,062 
Total net sales$71,130 $52,524 $18,063 $141,717 $192,034 $140,105 $64,664 $396,803 
Three Months Ended May 31, 2022Nine Months Ended May 31, 2022
AmericasEMEAAsia-PacificTotalAmericasEMEAAsia-PacificTotal
Maintenance products$57,778 $47,289 $10,427 $115,494 $160,171 $154,825 $48,429 $363,425 
HCCP (1)
3,675 2,161 2,337 8,173 12,067 6,243 6,664 24,974 
Total net sales$61,453 $49,450 $12,764 $123,667 $172,238 $161,068 $55,093 $388,399 
(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 $2.6 million and $5.0 million as of May 31, 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 nine months ended May 31, 2023. These contract liabilities are recorded in accrued liabilities on the Company’s 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 May 31, 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 May 31, 2023 and August 31, 2022.