Segment Data (Tables)

12 Months Ended

Aug. 31, 2020

Summary of information about the Company's reportable segments


	Years Ended August 31,
	2020			2019			2018
Revenue
Adhesives, Sealants and Additives	$	96,208		$	104,796		$	101,690
Industrial Tapes		118,960			129,845			130,598
Corrosion Protection and Waterproofing		45,994			46,710			51,900
Total	$	261,162		$	281,351		$	284,188

Income before income taxes
Adhesives, Sealants and Additives	$	25,953		$	27,142	(d)	$	35,190	(h)
Industrial Tapes		31,237	(a)		28,216	(e)		30,886	(i)
Corrosion Protection and Waterproofing		16,638	(b)		15,909	(f)		18,178
Total for reportable segments		73,828			71,267			84,254
Corporate and common costs		(28,508)	(c)		(27,714)	(g)		(27,289)	(j)
Total	$	45,320		$	43,553		$	56,965

Includes the following costs by segment:
Adhesives, Sealants and Additives
Interest	$	98		$	177		$	422
Depreciation		994			1,467			1,285
Amortization		9,313			9,359			7,895

Industrial Tapes
Interest	$	111		$	216		$	516
Depreciation		1,746			1,755			2,748
Amortization		1,800			1,800			2,604

Corrosion Protection and Waterproofing
Interest	$	37		$	126		$	234
Depreciation		615			674			753
Amortization		463			1,286			1,308

(a)

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

(b)

Includes $170 gain on the refund of a payment made in fiscal 2019 related to engineering studies performed to assess potential operational changes and further plant rationalization and consolidation and an expense of $405 for the write-down of certain assets under construction.

(c)

Includes $150 of expense related to exploratory IT work performed to assess potential future upgrades to the Company’s companywide ERP system, a $760 gain related to the April 2020 sale of the Company’s Pawtucket, RI location, a $1,791 gain related to the August 2020 sale of the Company’s Randolph, MA property, $183 in severance expense related to the May 2020 reduction in force, $85 in expenses related to the final transition out of the Pawtucket, RI facility, $155 of pension-related settlement costs due to the timing of lump-sum distribution and $274 in acquisition-related costs attributable to the September 2020 (fiscal 2021) acquisition of ABchimie

(d)

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

(e)

Includes $260 of expense related to the closure and exit of our Pawtucket, RI location recognized in the first quarter of fiscal 2019, and $526 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 second half of fiscal 2019

(f)

Includes $200 of expense related to engineering studies performed to assess potential future operational changes and further plant rationalization and consolidation, see note (b)

(g)

Includes $511 of pension-related settlement costs due to the timing of lump-sum distributions

(h)

Includes $1,070 of expense related to inventory step-up in fair value attributable to the acquisition of Zappa Stewart

(i)

Includes $1,085 gain on sale of license related to the structural composites product line recorded in the second quarter of fiscal 2018, $1,480 gain on sale of business related to the April 2018 sale of the structural composites rod business and $1,272 of expense related to the exit of our Pawtucket, RI location in the fourth quarter of fiscal 2018

(j)

Includes $393 in acquisition-related expense attributable to the December 2017 acquisition of Zappa Stewart

Schedule of total assets for the Company's reportable segments


	August 31,		August 31,
	2020		2019
Total Assets
Adhesives, Sealants and Additives	$	129,457	$	135,583
Industrial Tapes		71,229		77,085
Corrosion Protection and Waterproofing		32,642		32,478
Total for reportable segments		233,328		245,146
Corporate and common assets		113,502		62,822
Total	$	346,830	$	307,968