XML 31 R21.htm IDEA: XBRL DOCUMENT v3.23.2
Business Segments and Foreign Operations
9 Months Ended
May 31, 2023
Segment Reporting [Abstract]  
Business Segments and Foreign Operations Business Segments and Foreign Operations
The Company evaluates the performance of its segments and allocates resources to them based on sales and income from operations. The Company is organized on the basis of geographical area into the following three segments: the Americas; EMEA; and Asia-Pacific. 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.
Summary information about reportable segments is as follows (in thousands):
For the Three Months EndedAmericasEMEAAsia-Pacific
Unallocated
Corporate (1)
Total
May 31, 2023
Net sales$71,130 $52,524 $18,063 $$141,717 
Income from operations$16,906 $11,966 $5,312 $(8,527)$25,657 
Depreciation and amortization expense$911 $1,035 $53 $76 $2,075 
Interest income$$40 $29 $$69 
Interest expense$1,079 $516 $$$1,597 
May 31, 2022
Net sales$61,453 $49,450 $12,764 $$123,667 
Income from operations$13,360 $10,146 $3,101 $(7,623)$18,984 
Depreciation and amortization expense$1,077 $780 $70 $131 $2,058 
Interest income$$$27 $$27 
Interest expense$518 $151 $— $$669 
For the Nine Months Ended
May 31, 2023
Net sales$192,034 $140,105 $64,664 $$396,803 
Income from operations$43,390 $28,632 $21,952 $(27,485)$66,489 
Depreciation and amortization expense$2,658 $2,905 $149 $227 $5,939 
Interest income$$75 $85 $$164 
Interest expense$3,056 $1,208 $$$4,268 
May 31, 2022
Net sales$172,238 $161,068 $55,093 $$388,399 
Income from operations$36,594 $38,074 $18,328 $(25,209)$67,787 
Depreciation and amortization expense$3,289 $2,377 $214 $260 $6,140 
Interest income$$$73 $$73 
Interest expense$1,502 $397 $$$1,902 
(1)These expenses are reported separately 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, and therefore, no asset information is provided in the above table.