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Segment Data and Foreign Operations (Tables)
 9 Months Ended
May 31, 2017
Segment Data and Foreign Operations  
Summary of information about the Company's reportable segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended May 31, 

 

 

Nine Months Ended May 31, 

 

 

 

    

2017

    

 

2016

 

 

2017

 

    

2016

    

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Materials

 

$

53,292

 

 

$

47,185

 

 

$

149,708

 

 

$

134,253

 

 

Construction Materials

 

 

11,609

 

 

 

17,051

 

 

 

33,858

 

 

 

42,385

 

 

Total

 

$

64,901

 

 

$

64,236

 

 

$

183,566

 

 

$

176,638

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Materials

 

$

20,259

(a)

 

$

14,191

 

 

$

52,364

(c)

 

$

40,391

(e)

 

Construction Materials

 

 

3,647

 

 

 

5,662

 

 

 

12,411

 

 

 

14,785

 

 

Total for reportable segments

 

 

23,906

 

 

 

19,853

 

 

 

64,775

 

 

 

55,176

 

 

Corporate and common costs

 

 

(6,794)

 

 

 

(7,387)

(b)

 

 

(20,370)

(d)

 

 

(20,321)

(b)

 

Total

 

$

17,112

 

 

$

12,466

 

 

$

44,405

 

 

$

34,855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Includes the following costs by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Industrial Materials

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

119

 

 

$

213

 

 

$

533

 

 

$

595

 

 

Depreciation

 

 

959

 

 

 

1,007

 

 

 

3,023

 

 

 

2,952

 

 

Amortization

 

 

1,990

 

 

 

1,587

 

 

 

5,859

 

 

 

4,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction Materials

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

39

 

 

$

71

 

 

$

178

 

 

$

199

 

 

Depreciation

 

 

209

 

 

 

240

 

 

 

560

 

 

 

764

 

 

Amortization

 

 

320

 

 

 

351

 

 

 

957

 

 

 

1,058

 

 

 

(a)

Includes a $2,013 gain on sale of our fiber optic cable components business

(b)

Includes Randolph, MA facility exit and demolition costs of $662 and $871 incurred during the quarterly and year-to-date periods, respectively

(c)

Includes a  $2,013 gain on sale of our fiber optic cable components business and $190 of expenses related to inventory step-up in fair value attributable to the September 2016 acquisition of certain assets of Resin Designs, LLC

(d)

Includes $584 in acquisition-related expenses attributable to the September 2016 acquisition of certain assets of Resin Designs, LLC, facility exit and demolition costs of $50 related to the Company’s Randolph, MA location, a $792 gain related to the November 2016 sale of the Company’s Paterson, NJ location and a $68 gain related to the December 2016 sale of the Company’s former corporate headquarters in Bridgewater, MA

(e)

Includes both a $1,031 gain on sale of our RodPack wind energy business contained within our structural composites product line and a $365 write-down on certain other structural composites assets based on usage constraints following the sale, both recognized in November 2015

 

Total assets for the Company’s reportable segments as of May 31, 2017 and August 31, 2016 were:

 

 

 

 

 

 

 

 

 

 

 

 

May 31, 

 

August 31, 

 

 

 

    

2017

    

2016

 

 

Total Assets

 

 

 

 

 

 

 

 

Industrial Materials

 

$

160,163

 

$

136,003

 

 

Construction Materials

 

 

36,399

 

 

38,983

 

 

Total for reportable segments

 

 

196,562

 

 

174,986

 

 

Corporate and common assets

 

 

67,153

 

 

87,833

 

 

Total

 

$

263,715

 

$

262,819

 

 

 

The Company’s products are sold worldwide.  Revenue for the three-month and nine-month periods ended May 31, 2017 and 2016 are attributed to operations located in the following countries:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended May 31, 

 

 

Nine Months Ended May 31, 

 

 

 

 

2017

    

 

2016

 

 

2017

 

    

2016

 

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

56,281

 

 

$

52,571

 

 

$

158,379

 

 

$

145,998

 

 

United Kingdom

 

 

4,230

 

 

 

7,484

 

 

 

11,923

 

 

 

18,515

 

 

All other foreign (1)

 

 

4,390

 

 

 

4,181

 

 

 

13,264

 

 

 

12,125

 

 

Total

 

$

64,901

 

 

$

64,236

 

 

$

183,566

 

 

$

176,638

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Comprises sales originated from our Paris, France location, royalty revenue attributable to our licensed manufacturer in Asia, and Chase foreign manufacturing operations.

 

Schedule of total assets for the Company's reportable segments

 

 

 

 

 

 

 

 

 

 

 

May 31, 

 

August 31, 

 

 

 

 

2017

    

2016

 

 

Long-lived Assets

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

$

30,459

 

$

32,176

 

 

Goodwill and Intangible assets, less accumulated amortization

 

 

92,858

 

 

72,653

 

 

 

 

 

 

 

 

 

 

 

United Kingdom

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

3,089

 

 

3,214

 

 

Goodwill and Intangible assets, less accumulated amortization

 

 

5,769

 

 

6,270

 

 

 

 

 

 

 

 

 

 

 

All other foreign

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

1,337

 

 

1,352

 

 

Goodwill and Intangible assets, less accumulated amortization

 

 

1,199

 

 

1,233

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

$

34,885

 

$

36,742

 

 

Goodwill and Intangible assets, less accumulated amortization

 

$

99,826

 

$

80,156