Segment Data and Foreign Operations (Tables)

6 Months Ended

Feb. 29, 2020

Segment Data and Foreign Operations

Summary of information about the Company's reportable segments

	Three Months Ended						Six Months Ended
	February 29, 2020			February 28, 2019			February 29, 2020			February 28, 2019
Revenue
Adhesives, Sealants and Additives	$	24,440		$	26,107		$	50,262		$	52,805
Industrial Tapes		30,055			31,158			60,179			64,620
Corrosion Protection and Waterproofing		11,087			9,366			21,943			21,709
Total	$	65,582		$	66,631		$	132,384		$	139,134
Income before income taxes
Adhesives, Sealants and Additives	$	6,750		$	4,756	(b)	$	14,232		$	13,021	(b)
Industrial Tapes		8,402	(a)		7,513			15,039	(d)		14,051	(f)
Corrosion Protection and Waterproofing		4,127			2,384			8,091			6,850
Total for reportable segments		19,279			14,653			37,362			33,922
Corporate and common costs		(8,474)			(7,721)	(c)		(16,486)	(e)		(15,182)	(g)
Total	$	10,805		$	6,932		$	20,876		$	18,740
Includes the following costs by segment:
Adhesives, Sealants and Additives
Interest	$	21		$	59		$	42		$	138
Depreciation		278			382			592			765
Amortization		2,356			2,339			4,693			4,679
Industrial Tapes
Interest	$	29		$	71		$	54		$	155
Depreciation		418			438			819			894
Amortization		450			450			900			900
Corrosion Protection and Waterproofing
Interest	$	6		$	32		$	15		$	73
Depreciation		151			164			305			339
Amortization		106			323			233			646

(a) Includes $60 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 $2,410 of loss on impairment of goodwill related to the Company’s polyurethane dispersions business

(c) Includes $273 of pension-related settlement costs due to the timing of lump-sum distributions

(d) Includes $559 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 six months of fiscal 2020

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

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

(g) Includes $473 of pension-related settlement costs due to the timing of lump-sum distributions

Total assets for the Company’s reportable segments as of February 29, 2020 and August 31, 2019 were:

	February 29,		August 31,
	2020		2019
Total Assets
Adhesives, Sealants and Additives	$	139,992	$	135,583
Industrial Tapes		70,600		77,085
Corrosion Protection and Waterproofing		32,537		32,478
Total for reportable segments		243,129		245,146
Corporate and common assets		83,140		62,822
Total	$	326,269	$	307,968

Schedule of revenue by country

	Three Months Ended				Six Months Ended
	February 29, 2020		February 28, 2019		February 29, 2020			February 28, 2019
Revenue
United States	$	57,236	$	57,942		$	115,597		$	122,293
United Kingdom		4,788		4,428			9,419			8,444
All other foreign (1)		3,558		4,261			7,368			8,397
Total	$	65,582	$	66,631		$	132,384		$	139,134

(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

	February 29,		August 31,
	2020		2019
Long-Lived Assets
United States
Property, plant and equipment, net	$	24,041	$	24,993
Goodwill and Intangible assets, less accumulated amortization		123,466		129,057
United Kingdom
Property, plant and equipment, net		2,425		2,493
Goodwill and Intangible assets, less accumulated amortization		4,457		4,446
All other foreign
Property, plant and equipment, net		909		1,840
Goodwill and Intangible assets, less accumulated amortization		1,184		1,187
Total
Property, plant and equipment, net	$	27,375	$	29,326
Goodwill and Intangible assets, less accumulated amortization	$	129,107	$	134,690