Segment Data and Foreign Operations (Tables)

9 Months Ended

May 31, 2022

Segment Data and Foreign Operations

Summary of information about the Company's reportable segments

	Three Months Ended May 31,						Nine Months Ended May 31,
	2022			2021			2022			2021
Revenue
Adhesives, Sealants and Additives	$	36,771		$	33,861		$	99,600		$	95,507
Industrial Tapes		38,329			32,249			104,420			87,085
Corrosion Protection and Waterproofing		13,519			13,483			33,562			32,624
Total	$	88,619		$	79,593		$	237,582		$	215,216
Income before income taxes
Adhesives, Sealants and Additives	$	12,320	(a)	$	10,982	(c)	$	27,719	(a)	$	31,098	(c)
Industrial Tapes		10,985			10,945			30,525			27,273
Corrosion Protection and Waterproofing		5,353			5,098			12,683			11,599
Total for reportable segments		28,658			27,025			70,927			69,970
Corporate and common costs		(9,310)	(b)		(9,282)	(c)		(26,095)	(b)		(25,385)	(c)
Total	$	19,348		$	17,743		$	44,832		$	44,585
Includes the following costs by segment:
Adhesives, Sealants and Additives
Interest	$	36		$	25		$	105		$	79
Depreciation		234			255			697			744
Amortization		2,541			2,715			7,939			7,931
Industrial Tapes
Interest	$	36		$	15		$	105		$	57
Depreciation		363			412			1,184			1,305
Amortization		383			387			1,150			1,160
Corrosion Protection and Waterproofing
Interest	$	17		$	28		$	52		$	68
Depreciation		138			157			385			432
Amortization		1			274			3			475

(a) Includes a $474 gain in the third quarter and a $199 year-to-date gain on the adjustment of the performance-based earn-out contingent consideration associated with the September 2020 acquisition of ABchimie and $27 and $328 in operation optimization costs in the third quarter and year-to-date period related to the move from Woburn, MA to O’Hara Township, PA and $0 and $147 of operations optimization costs in the third and year-to-date period related to the move from Newark, CA to Hickory, NC

(b) Includes $32 and $232 of operations optimization costs in the three- and nine-month period, respectively, related to the Company’s move to the new Corporate Headquarters within Westwood, MA substantially completed in the second quarter of the fiscal year

(c) Includes $262 and $995 loss on the upward adjustment of the performance-based earn out contingent consideration associated with the September 2020 acquisition of ABchimie in the third quarter and year-to-date fiscal 2021 periods and $22 and $120 operations optimization in exit costs related to the movement of the sealants system business out of the Newark, CA location and into the Hickory, NC location during the third and year-to-date period of fiscal 2021. Also includes $128 in acquisition-related expense in the nine month period in corporate and common costs attributable to the February 2021 acquisition of the operations of ETi

Total assets for the Company’s reportable segments as of May 31, 2022 and August 31, 2021 were:

	May 31,		August 31,
	2022		2021
Total Assets
Adhesives, Sealants and Additives	$	156,385	$	161,968
Industrial Tapes		85,264		72,301
Corrosion Protection and Waterproofing		33,447		31,067
Total for reportable segments		275,096		265,336
Corporate and common assets		145,795		138,823
Total	$	420,891	$	404,159

Schedule of revenue by country

	Three Months Ended May 31,				Nine Months Ended May 31,
	2022		2021		2022		2021
Revenue
United States	$	76,140	$	67,264	$	204,009	$	178,635
United Kingdom		6,604		6,184		17,125		19,208
All other foreign (1)		5,875		6,145		16,448		17,373
Total	$	88,619	$	79,593	$	237,582	$	215,216

(1) Comprises sales orders originated from the Company’s French locations, royalty revenue attributable to its licensed manufacturer in Asia, and Chase foreign manufacturing operations.

Schedule of total assets for the Company's reportable segments

	May 31,		August 31,
	2022		2021
Long-Lived Assets
United States
Property, plant and equipment, net	$	21,385	$	20,990
Goodwill and Intangible assets, less accumulated amortization		107,633		115,936
United Kingdom
Property, plant and equipment, net		2,050		2,174
Goodwill and Intangible assets, less accumulated amortization		3,589		3,905
All other foreign
Property, plant and equipment, net		1,096		1,103
Goodwill and Intangible assets, less accumulated amortization		22,046		24,979
Total
Property, plant and equipment, net	$	24,531	$	24,267
Goodwill and Intangible assets, less accumulated amortization	$	133,268	$	144,820