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Revenue | 3 Months Ended
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Nov. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The following table presents the Company’s revenues by segment and major source (in thousands):
| Three Months Ended November 30, 2024 |  |
| Americas |  | EIMEA |  | Asia-Pacific |  | Total |  |  |  |  |  |  |  |
WD-40 Multi-Use Product | $ | 52,901 |  |  | $ | 44,866 |  |  | $ | 20,780 |  |  | $ | 118,547 |  |  |  |  |  |  |  |  |
WD-40 Specialist | 8,233 |  |  | 7,817 |  |  | 3,122 |  |  | 19,172 |  |  |  |  |  |  |  |  |
Other maintenance products (1) | 4,274 |  |  | 3,194 |  |  | 320 |  |  | 7,788 |  |  |  |  |  |  |  |  |
Total maintenance products | 65,408 |  |  | 55,877 |  |  | 24,222 |  |  | 145,507 |  |  |  |  |  |  |  |  |
HCCP (2) | 4,028 |  |  | 1,606 |  |  | 2,354 |  |  | 7,988 |  |  |  |  |  |  |  |  |
Total net sales | $ | 69,436 |  |  | $ | 57,483 |  |  | $ | 26,576 |  |  | $ | 153,495 |  |  |  |  |  |  |  |  |
| Three Months Ended November 30, 2023 |  |
| Americas |  | EIMEA |  | Asia-Pacific |  | Total |  |  |  |  |  |  |  |
WD-40 Multi-Use Product | $ | 48,511 |  |  | $ | 37,044 |  |  | $ | 22,122 |  |  | $ | 107,677 |  |  |  |  |  |  |  |  |
WD-40 Specialist | 7,108 |  |  | 6,666 |  |  | 3,068 |  |  | 16,842 |  |  |  |  |  |  |  |  |
Other maintenance products (1) | 4,126 |  |  | 3,062 |  |  | 438 |  |  | 7,626 |  |  |  |  |  |  |  |  |
Total maintenance products | 59,745 |  |  | 46,772 |  |  | 25,628 |  |  | 132,145 |  |  |  |  |  |  |  |  |
HCCP (2) | 4,330 |  |  | 1,982 |  |  | 1,959 |  |  | 8,271 |  |  |  |  |  |  |  |  |
Total net sales | $ | 64,075 |  |  | $ | 48,754 |  |  | $ | 27,587 |  |  | $ | 140,416 |  |  |  |  |  |  |  |  |
(1)Other maintenance products consist of the 3-IN-ONE and GT85 brands. (2)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 $3.0 million and $4.3 million as of November 30, 2024 and August 31, 2024, respectively. Substantially all of the $4.3 million that was included in contract liabilities as of August 31, 2024 was recognized to revenue during the three months ended November 30, 2024. 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 November 30, 2024 and August 31, 2024. 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 credit losses of $1.8 million as of November 30, 2024 and which was not significant as of August 31, 2024.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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