Segment Data and Foreign Operations (Tables)

3 Months Ended

Nov. 30, 2019

Segment Data and Foreign Operations

Summary of information about the Company's reportable segments

	Three Months Ended November 30,
	2019			2018
Revenue
Adhesives, Sealants and Additives	$	25,822		$	26,698
Industrial Tapes		30,124			33,462
Corrosion Protection and Waterproofing		10,856			12,343
Total	$	66,802		$	72,503
Income before income taxes
Adhesives, Sealants and Additives	$	7,482		$	8,265
Industrial Tapes		6,637	(a)		6,538	(c)
Corrosion Protection and Waterproofing		3,964			4,466
Total for reportable segments		18,083			19,269
Corporate and common costs		(8,012)	(b)		(7,461)	(d)
Total	$	10,071		$	11,808
Includes the following costs by segment:
Adhesives, Sealants and Additives
Interest	$	21		$	79
Depreciation		314			383
Amortization		2,337			2,340
Industrial Tapes
Interest	$	25		$	84
Depreciation		401			456
Amortization		450			450
Corrosion Protection and Waterproofing
Interest	$	9		$	41
Depreciation		154			175
Amortization		127			323

(a) Includes $499 in exit costs related to the movement of the pulling and detection business out of the Granite Falls, NC location and into the Hickory, NC location during the first quarter of fiscal 2020

(b) Includes $150 of expense related to exploratory IT work performed to assess potential future upgrades to our companywide ERP system

(c) Includes $260 of expense related to the closure and exit of our Pawtucket, RI location recognized in the first quarter of fiscal 2019

(d) Includes $200 of pension-related settlement costs due to the timing of lump-sum distributions

Total assets for the Company’s reportable segments as of November 30, 2019 and August 31, 2019 were:

	November 30,		August 31,
	2019		2019
Total Assets
Adhesives, Sealants and Additives	$	144,015	$	135,583
Industrial Tapes		70,327		77,085
Corrosion Protection and Waterproofing		31,221		32,478
Total for reportable segments		245,563		245,146
Corporate and common assets		80,478		62,822
Total	$	326,041	$	307,968

The Company’s products are sold worldwide.  Revenue for the three-month periods ended November 30, 2019 and 2018 were attributed to operations located in the following countries:

	Three Months Ended November 30,
	2019		2018
Revenue
United States	$	58,361	$	64,351
United Kingdom		4,631		4,016
All other foreign (1)		3,810		4,136
Total	$	66,802	$	72,503

(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

	November 30,		August 31,
	2019		2019
Long-Lived Assets
United States
Property, plant and equipment, net	$	24,660	$	24,993
Goodwill and Intangible assets, less accumulated amortization		126,261		129,057
United Kingdom
Property, plant and equipment, net		2,539		2,493
Goodwill and Intangible assets, less accumulated amortization		4,594		4,446
All other foreign
Property, plant and equipment, net		911		1,840
Goodwill and Intangible assets, less accumulated amortization		1,186		1,187
Total
Property, plant and equipment, net	$	28,110	$	29,326
Goodwill and Intangible assets, less accumulated amortization	$	132,041	$	134,690