WD-40 (WDFC) 10-Q 9 Jan 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Nov. 30, 2016	Jan. 04, 2017
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	wdfc
Entity Registrant Name	WD 40 CO
Entity Central Index Key	105,132
Current Fiscal Year End Date	--08-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		14,115,152

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Current assets:
Cash and cash equivalents	$ 33,482	$ 50,891
Short-term investments	67,339	57,633
Trade accounts receivable, less allowance for doubtful accounts of $242 and $394 at November 30, 2016 and August 31, 2016, respectively	55,851	64,680
Inventories	34,206	31,793
Other current assets	3,641	4,475
Total current assets	194,519	209,472
Property and equipment, net	22,016	11,545
Goodwill	95,432	95,649
Other intangible assets, net	18,263	19,191
Deferred tax assets, net	608	621
Other assets	2,817	3,190
Total assets	333,655	339,668
Current liabilities:
Accounts payable	18,131	18,690
Accrued liabilities	15,889	15,757
Accrued payroll and related expenses	13,363	20,866
Revolving credit facility, current	12,354
Income taxes payable	4,295	3,381
Total current liabilities	64,032	58,694
Revolving credit facility	122,000	122,000
Deferred tax liabilities, net	16,521	16,365
Other long-term liabilities	2,655	2,214
Total liabilities	205,208	199,273
Commitments and contingencies (Note 11)
Shareholders' equity:
Common stock - authorized 36,000,000 shares, $0.001 par value; 19,653,335 and 19,621,820 shares issued at November 30, 2016 and August 31, 2016, respectively; and 14,127,152 and 14,208,338 shares outstanding at November 30, 2016 and August 31, 2016, respectively	20	20
Additional paid-in capital	146,498	145,936
Retained earnings	295,402	289,642
Accumulated other comprehensive income (loss)	(33,412)	(27,298)
Common stock held in treasury, at cost - 5,526,183 and 5,413,482 shares at November 30, 2016 and August 31, 2016, respectively	(280,061)	(267,905)
Total shareholders' equity	128,447	140,395
Total liabilities and shareholders' equity	$ 333,655	$ 339,668

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Condensed Consolidated Balance Sheets [Abstract]
Trade and other accounts receivable, allowance for doubtful accounts	$ 242	$ 394
Common stock, shares authorized	36,000,000	36,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	19,653,335	19,621,820
Common stock, shares outstanding	14,127,152	14,208,338
Treasury stock, shares	5,526,183	5,413,482

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Condensed Consolidated Statements Of Operations [Abstract]
Net sales	$ 89,248	$ 92,522
Cost of products sold	38,208	41,114
Gross profit	51,040	51,408
Operating expenses:
Selling, general and administrative	28,991	27,848
Advertising and sales promotion	4,812	5,660
Amortization of definite-lived intangible assets	721	755
Total operating expenses	34,524	34,263
Income from operations	16,516	17,145
Other income (expense):
Interest income	147	148
Interest expense	(531)	(372)
Other income (expense), net	264	(51)
Income before income taxes	16,396	16,870
Provision for income taxes	4,638	4,808
Net income	$ 11,758	$ 12,062
Earnings per common share:
Basic	$ 0.82	$ 0.83
Diluted	$ 0.82	$ 0.83
Shares used in per share calculations:
Basic	14,180	14,404
Diluted	14,221	14,461
Dividends declared per common share	$ 0.42	$ 0.38

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 11,758	$ 12,062
Other comprehensive loss:
Foreign currency translation adjustment	(6,114)	(2,663)
Total comprehensive income	$ 5,644	$ 9,399

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - 3 months ended Nov. 30, 2016 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Total
Beginning balance at Aug. 31, 2016	$ 20	$ 145,936	$ 289,642	$ (27,298)	$ (267,905)	$ 140,395
Beginning balance, shares at Aug. 31, 2016	19,621,820				5,413,482	14,208,338
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes		(1,495)				$ (1,495)
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	31,515
Stock-based compensation		1,622				1,622
Tax benefits from settlements of stock-based equity awards		435				435
Cash dividends ($.42 per share)			(5,998)			(5,998)
Acquisition of treasury stock					$ (12,156)	(12,156)
Acquisition of treasury stock, shares					112,701
Foreign currency translation adjustment				(6,114)		(6,114)
Net income			11,758			11,758
Ending balance at Nov. 30, 2016	$ 20	$ 146,498	$ 295,402	$ (33,412)	$ (280,061)	$ 128,447
Ending balance, shares at Nov. 30, 2016	19,653,335				5,526,183	14,127,152

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical)	3 Months Ended
	Nov. 30, 2016$ / shares
Condensed Consolidated Statement Of Shareholders' Equity [Abstract]
Cash dividends, per share	$ 0.42

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Operating activities:
Net income	$ 11,758	$ 12,062
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,620	1,661
Net gains on sales and disposals of property and equipment	(54)	(3)
Deferred income taxes	(405)	3
Excess tax benefits from settlements of stock-based equity awards	(435)	(1,390)
Stock-based compensation	1,622	633
Unrealized foreign currency exchange losses, net	1,075	360
Provision for bad debts	(120)	78
Changes in assets and liabilities:
Trade and other accounts receivable	6,357	430
Inventories	(2,876)	(3,730)
Other assets	1,070	1,688
Accounts payable and accrued liabilities	203	3,617
Accrued payroll and related expenses	(8,886)	(3,187)
Income taxes payable	2,619	2,403
Other long-term liabilities	(45)	20
Net cash provided by operating activities	13,503	14,645
Investing activities:
Purchases of property and equipment	(11,603)	(448)
Proceeds from sales of property and equipment	162
Purchases of short-term investments	(16,997)	(2,933)
Maturities of short-term investments	4,548	2,846
Net cash used in investing activities	(23,890)	(535)
Financing activities:
Treasury stock purchases	(12,156)	(8,075)
Dividends paid	(5,998)	(5,500)
Proceeds from issuance of common stock	197	421
Excess tax benefits from settlements of stock-based equity awards	435	1,390
Net proceeds from revolving credit facility	12,354	10,000
Net cash used in financing activities	(5,168)	(1,764)
Effect of exchange rate changes on cash and cash equivalents	(1,854)	(1,171)
Net (decrease) increase in cash and cash equivalents	(17,409)	11,175
Cash and cash equivalents at beginning of period	50,891	53,896
Cash and cash equivalents at end of period	$ 33,482	$ 65,071

The Company

The Company	3 Months Ended
	Nov. 30, 2016
The Company [Abstract]
The Company	Note 1. The Company  WD-40 Company (“the Company”), based in San Diego, California, is a global marketing organization dedicated to creating positive lasting memories by developing and selling products which solve problems in workshops, factories and homes around the world. The Company markets its maintenance products and its homecare and cleaning products under the following well-known brands: WD-40®, 3-IN-ONE®, GT85®, X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, 1001®, Lava® and Solvol®. Currently included in the WD-40 brand are the WD-40 multi-use product and the WD-40 Specialist® and WD-40 BIKE® product lines.  The Company’s brands are sold in various locations around the world. Maintenance products are sold worldwide in markets throughout North, Central and South America, Asia, Australia, Europe, the Middle East and Africa. Homecare and cleaning products are sold primarily in North America, the United Kingdom (“U.K.”) and Australia. The Company’s products are sold primarily through mass retail and home center stores, warehouse club stores, grocery stores, hardware stores, automotive parts outlets, sport retailers, independent bike dealers, online retailers and industrial distributors and suppliers .

Basis Of Presentation And Summa

Basis Of Presentation And Summary Of Significant Accounting Policies	3 Months Ended
	Nov. 30, 2016
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Basis Of Presentation And Summary Of Significant Accounting Policies	Note 2. Basis of Presentation and Summary of Significant Accounting Policies  Basis of Consolidation  The condensed consolidated financial statements included herein have been prepared by the Company, without audit, according to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. The August 31, 201 6 year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the unaudited financial information for the interim periods shown reflects all adjustments necessary for a fair statement thereof and such adjustments are of a normal recurring nature. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 201 6 , which was filed with the SEC on October 2 4 , 201 6 .  The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.  Use of Estimates  The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year.  Foreign Currency Forward Contracts  In the normal course of business, the Company employs established policies and procedures to manage its exposure to fluctuations in foreign currency exchange rates. The Company’s U.K. subsidiary, whose functional currency is Pound Sterling, utilizes foreign currency forward contracts to limit its exposure in converting accounts receivable and accounts payable balances denominated in non-functional currencies. The principal currency affected is the Euro. The Company regularly monitors its foreign currency exchange rate exposures to ensure the overall effectiveness of its foreign currency hedge positions. While the Company engages in foreign currency hedging activity to reduce its risk, for accounting purposes, none of its foreign currency forward contracts are designated as hedges.  Foreign currency forward contracts are carried at fair value, with net realized and unrealized gains and losses recognized currently in other income (expense) in the Company’s consolidated statements of operations. Cash flows from settlements of foreign currency forward contracts are included in operating activities in the consolidated statements of cash flows. Foreign currency forward contracts in an asset position at the end of the reporting period are included in other current assets, while foreign currency forward contracts in a liability position at the end of the reporting period are included in accrued liabilities in the Company’s consolidated balance sheets. At November 30, 2016 , the Company had a notional amount of $ 14.2 million outstanding in foreign currency forward contracts , which mature in January 2017. Unrealized net gains and losses related to foreign currency forward contracts were not significant at November 30, 2016 and August 31, 2016. Realized net losses related to foreign currency forward contracts were $0.4 million for three month s ended November 30, 2016 and the net realized gains and losses were not material for the three months ended November 30, 2015.  Fair Value Measurements  Accounting Standards Codification (“ASC”) 820, “ Fair Value Measurements and Disclosures” , defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company categorizes its financial assets and liabilities measured at fair value into a hierarchy that categorizes fair value measurements into the following three levels based on the types of inputs used in measuring their fair value:  Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities; Level 2: Observable market-based inputs or observable inputs that are corroborated by market data; and Level 3: Unobservable inputs reflecting the Company’s own assumptions.  Under fair value accounting, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. As of November 30, 2016 , the Company had no assets or liabilities that are measured at fair value in the financial statements on a recurring basis, with the exception of the foreign currency forward contracts, which are classified as Level 2 within the fair value hierarchy. The carrying values of cash equivalents, short-term investments and short-term borrowings are recorded at cost, which approximates their fair values primarily due to their short-term maturities and are classified as Level 2 within the fair value hierarchy. During the three months ended November 30, 2016 , the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.  Recently Issued Accounting Standards  In October 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory”, which requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs . This guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted in the first interim period of an entity's annual financial statements . The Company has evaluated the potential impacts of this updated guidance, and it does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures.  In August 2016, the FASB issued ASU No. 2016-15, “ Classification of Certain Cash Receipts and Cash Payments ”. The amendments address eight specific cash flow issues to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted and should be applied using a retrospective approach. The Company is in the process of evaluating the potential impacts of this new guidance on its consolidated financial statements.  In June 2016, the FASB issued ASU No. 2016-13, “ Measurement of Credit Losses on Financial Instruments ”, which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts . The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity’s assumptions, models and methods for estimating expected credit losses. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within that reporting period. Early adoption is permitted. The Company is in the process of evaluating the potential impacts of this new guidance on its consolidated financial statements.  In March 2016, the FASB issued ASU No. 2016-09, “ Improvements to Employee Share-Based Payment Accounting”. The amendments in this updated guidance include changes to simplify the Codification for several aspects of the accounting for share-based payment transactions, including those related to the income tax consequences, classification of awards as either equity or liabilities, accounting for forfeitures, minimum statutory withholding requirements and classification of certain items on the statement of cash flows. Certain of these changes are required to be applied retrospectively while other changes are required to be applied prospectively. This guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is permitted. The Company does not expect that it will adopt this updated guidance early, but it expects that the adoption of this new guidance will have a more than inconsequential impact on the Company’s consolidated financial statements. For example, if the Company had adopted this updated guidance in fiscal year 2016, its income tax expense for the year would have been reduced by approximately $2.1 million due to the recognition of excess tax benefits in the provision for income taxes rather than through additional paid-in-capital. The Company also expects to change its policy related to forfeitures upon adoption of this new guidance such that it will recognize the impacts of forfeitures as they occur rather than recognizing them based on an estimated forfeiture rate. Although the Company is still assessing the impacts of this change in policy for forfeitures on its consolidated financial statements, it does not expect that the impact will be material.  In February 2016, the FASB issued ASU No. 2016-02, “ Leases”. The new standard establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period. Early adoption is permitted and should be applied using a modified retrospective approach. The Company is in the process of evaluating the impacts of this new guidance on its consolidated financial statements and related disclosures.  In August 2014, the FASB issued ASU No. 2014-15, “ Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ”. This updated guidance requires management to evaluate whether there is a substantial doubt about an entity's ability to continue as a going concern within one year of the date that the financial statements are issued and provide related disclosures if necessary . This guidance is effective for the first annual fiscal period ending after December 15, 2016, and for all interim and annual periods thereafter. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures.  In May 2014, the FASB issued ASU No. 2014-09, “ Revenue from Contracts with Customers ”, which supersedes the revenue recognition requirements in ASC 605, “ Revenue Recognition ”. The core principle of this updated guidance and related amendments is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new rule also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This guidance was originally to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In July 2015, the FASB approved a one year deferral for the effective date of this guidance. Early adoption is permitted but only to the original effective date. Companies are permitted to adopt this new rule following either a full or modified retrospective approach. The Company does not intend to adopt this guidance early and it will become effective for the Company on September 1, 2018. The Company has not yet decided which implementation method it will adopt. Although management has completed its initial evaluation of this new guidance as it pertains to the Company, it is still in the process of determining the impacts that this updated guidance will have on the Company's consolidated financial statements .

Inventories

Inventories	3 Months Ended
	Nov. 30, 2016
Inventories [Abstract]
Inventories	Note 3 . Inventories  Inventories consist primarily of raw materials and components, finished goods, and product held at third-party contract manufacturers. Inventories are stated at the lower of cost or market and cost is determined based on a first-in, first-out method or, for a portion of raw materials inventory, the average cost method. Inventories consisted of the following (in thousands):    November 30, August 31,  2016 2016  Product held at third-party contract manufacturers $ 3,444 $ 3,521  Raw materials and components 3,215 2,996  Work-in-process 357 163  Finished goods 27,190 25,113  Total $ 34,206 $ 31,793   

Property And Equipment

Property And Equipment	3 Months Ended
	Nov. 30, 2016
Property And Equipment [Abstract]
Property And Equipment	Note 4. Property and Equipment  Property and equipment, net, consisted of the following (in thousands):     November 30, August 31,  2016 2016  Machinery, equipment and vehicles $ 15,336 $ 14,892  Buildings and improvements 4,128 4,223  Computer and office equipment 3,720 3,605  Software 7,704 7,392  Furniture and fixtures 1,232 1,286  Capital in progress 12,385 2,200  Land 247 254  Subtotal 44,752 33,852  Less: accumulated depreciation and amortization (22,736) (22,307)  Total $ 22,016 $ 11,545   At November 30, 2016, capital in progress on the balance sheet included $10.8 million associated with the purchase of the Company’s new headquarters office in San Diego in the first quarter of fiscal year 2017. For further information on the Company’s new headquarters office, see the Liquidity and Capital Resources section in Part I— Item 2 , “ Management’s Discussion and Analysis of Financial Condition and Results of Operations”.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Nov. 30, 2016
Goodwill And Other Intangible Assets [Abstract]
Goodwill And Other Intangible Assets	Note 5 . Goodwill and Other Intangible Assets  Goodwill  The following table summarizes the changes in the carrying amounts of goodwill by segment (in thousands):     Americas EMEA Asia-Pacific Total  Balance as of August 31, 2016 $ 85,452 $ 8,987 $ 1,210 $ 95,649  Translation adjustments (24) (193) - (217)  Balance as of November 30, 2016 $ 85,428 $ 8,794 $ 1,210 $ 95,432  T here were no indicators of impairment identified as a result of the Company’s review of events and circum stances related to its goodwill subsequent to February 29, 2016, the date of its most recent annual goodwill impairment test. To date, there have been no impairment losses identified and recorded related to the Company’s goodwill . Definite-lived Intangible Assets  The Company’s definite-lived intangible assets, which include the 2000 Flushes, Spot Shot, Carpet Fresh, 1001 and GT85 trade names, the Belgium customer list, the GT85 customer relationships and the GT85 technology are included in other intangible assets, net in the Company’s condensed consolidated balance sheets. The following table summarizes the definite-lived intangible assets and the related accumulated amortization and impairment (in thousands):     November 30, August 31,  2016 2016  Gross carrying amount $ 35,543 $ 36,009  Accumulated amortization (17,280) (16,818)  Net carrying amount $ 18,263 $ 19,191  There has been no impairment charge for the three months ended November 30, 2016 as a result of the Company’s review of events and circumstances related to its existing definite-lived intangible assets.  Changes in the carrying amounts of definite-lived intangible assets by segment for the three months ended November 30, 2016 are summarized below (in thousands):     Americas EMEA Asia-Pacific Total  Balance as of August 31, 2016 $ 14,913 $ 4,278 $ - $ 19,191  Amortization expense (552) (169) - (721)  Translation adjustments - (207) - (207)  Balance as of November 30, 2016 $ 14,361 $ 3,902 $ - $ 18,263   The estimated amortization expense for the Company’s definite-lived intangible assets in future fiscal years is as follows (in thousands):    Trade Names Customer-Based Technology  Remainder of fiscal year 2017 $ 1,810 $ 322 $ 24  Fiscal year 2018 2,406 429 32  Fiscal year 2019 2,406 249 -  Fiscal year 2020 2,012 159 -  Fiscal year 2021 1,222 159 -  Thereafter 6,874 159 -  Total $ 16,730 $ 1,477 $ 56  Included in the total estimated future amortization expense is the amortization expense for the 1001 trade name and the GT85 intangible assets, which are based on current foreign currency exchange rates, and as a result amounts in future periods may differ from those presented due to fluctuations in those rates.

Accrued And Other Liabilities

Accrued And Other Liabilities	3 Months Ended
	Nov. 30, 2016
Accrued And Other Liabilities [Abstract]
Accrued And Other Liabilities	Note 6 . Accrued and Other Liabilities  Accrued liabilities consisted of the following (in thousands):    November 30, August 31,  2016 2016  Accrued advertising and sales promotion expenses $ 8,916 $ 9,763  Accrued professional services fees 1,090 1,262  Accrued sales taxes and other taxes 1,047 954  Other 4,836 3,778  Total $ 15,889 $ 15,757  Accrued payroll and related expenses consisted of the following (in thousands):     November 30, August 31,  2016 2016  Accrued incentive compensation $ 2,171 $ 12,203  Accrued payroll 3,980 3,559  Accrued profit sharing 3,407 2,716  Accrued payroll taxes 3,052 1,744  Other 753 644  Total $ 13,363 $ 20,866  

Debt

Debt	3 Months Ended
	Nov. 30, 2016
Debt [Abstract]
Debt	Note 7. Debt  Revolving Credit Facility  On June 17, 2011, the Company entered into an unsecured credit agreement with Bank of America, N.A. (“Bank of America”). Since June 17, 2011, this unsecured credit agreement has been amended four times, most recently on September 1, 2016, (the “Fourth Amendment”). This Fourth Amendment amended the credit agreement in connection with the purchase of the Company’s new headquarters office and land located at 9715 Businesspark Avenue, San Diego, California (the “Property”). The Fourth Amendment permits the Company to spend an aggregate amount not to exceed $18.0 million for the acquisition and improvement costs for the Property and also includes changes to the agreement that will allow, as a permitted lien, any agreement with Bank of America for secured debt .  Per the terms of the amended agreement, the revolving commitment may not exceed $175.0 million and the aggregate amount of the Company’s capital stock that it may repurchase may not exceed $150.0 million during the period from November 16, 2015 to the maturity date of the agreement so long as no default exists immediately prior and after giving effect thereto. This revolving credit facility matures on May 13, 2020 , and includes representations, warranties and covenants customary for credit facilities of this type, as well as customary events of default and remedies. In addition, per the terms of the amended agreement, the Company and Bank of America may enter into an autoborrow agreement in form and substance satisfactory to Bank of America, providing for the automatic advance of revolving loans in U.S. Dollars to the Company’s designated account at Bank of America. In the second quarter of fiscal year 2016, the Company entered into an autoborrow agreement with Bank of America and this agreement has been in effect since that time.  For the financial covenants, the definition of consolidated EBITDA includes the add back of non-cash stock-based compensation to consolidated net income when arriving at consolidated EBITDA. The terms of the financial covenants are as follows:  · The consolidated leverage ratio cannot be greater than three to one. The consolidated leverage ratio means, as of any date of determination, the ratio of (a) consolidated funded indebtedness as of such date to (b) consolidated EBITDA for the most recently completed four fiscal quarters. · The consolidated interest coverage ratio cannot be less than three to one. The consolidated interest coverage ratio means, as of any date of determination, the ratio of (a) consolidated EBITDA for the most recently completed four fiscal quarters to (b) consolidated interest charges for the most recently completed four fiscal quarters. The Company assesses its ability and intent associated with draws on the line of credit at the end of each reporting period in order to determine the proper balance sheet classification for amounts outstanding on the line of credit . In conjunction with the purchase of the new headquarters office in September 2016, the Company borrowed $10.0 million on the line of credit which it intends to repay in less than twelve months. In addition, the Company had $2.4 million in net borrowings outstanding under the autoborrow agreement at November 30, 2016. Since the autoborrow feature provides for borrowings to be made and repaid by the Company on a daily basis, any such borrowings made under an active autoborrow agreement are classified as short-term on the Company’s consolidated balance sheets. As a result, the Company has classified $12.4 million borrowed under the revolving credit facility during the three months ended November 30, 2016 as short-term on its consolidated balance sheets .  Based on management’s ability and intent to refinance the remainder of the Company’s short-term borrowings under the facility with successive short-term borrowings for a period of at least twelve months, the Company has classified the remaining $122.0 million outstanding under the revolving credit facility as a long-term liability at November 30, 2016 . The Company regularly converts existing draws on its line of credit to new draws with new maturity dates and interest rates. As of November 30, 2016, the Company had a $134.4 million outstanding balance on the revolving credit facility and was in compliance with all debt covenants under this credit facility .

Share Repurchase Plans

Share Repurchase Plans	3 Months Ended
	Nov. 30, 2016
Share Repurchase Plans [Abstract]
Share Repurchase Plans	Note 8. Share Repurchase Plans  On June 21, 201 6 , the Company’s Board of Directors approved a share buy-back plan. Under the plan, which became effective on September 1, 2016, the Company is authorized to acquire up to $75.0 million of its outstanding shares through August 31, 2018. The timing and amount of repurchases are based on terms and conditions as may be acceptable to the Company’s Chief Executive Officer and Chief Financial Officer and in compliance with all laws and regulations applicable thereto. During the period from September 1, 2016 through November 30, 2016, the Company repurchased 112,701 shares at a total cost of $12.2 million under this $75.0 million plan. 

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Nov. 30, 2016
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 9 . Earnings per Common Share  The table below reconciles net income to net income available to common shareholders (in thousands):          Three Months Ended November 30,  2016 2015  Net income $ 11,758 $ 12,062  Less: Net income allocated to  participating securities (77) (75)  Net income available to common shareholders $ 11,681 $ 11,987  The table below summarizes the weighted-average number of common shares outstanding included in the calculation of basic and diluted EPS (in thousands):         Three Months Ended November 30,  2016 2015  Weighted-average common  shares outstanding, basic 14,180 14,404  Weighted-average dilutive securities 41 57  Weighted-average common  shares outstanding, diluted 14,221 14,461  For the three months ended November 30, 2016, there were no anti-dilutive stock-based equity awards outstanding. For the three months ended November 30, 2015 , weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 8,030 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.

Related Parties

Related Parties	3 Months Ended
	Nov. 30, 2016
Related Parties [Abstract]
Related Parties	Note 10. Related Parties  On October 11, 2011, the Company’s Board of Directors elected Mr. Gregory A. Sandfort as a director of WD-40 Company. Mr. Sandfort is the Chief Executive Officer of Tractor Supply Company (“Tractor Supply”), which is a WD-40 Company customer that acquires products from the Company in the ordinary course of business .  The condensed consolidated financial statements include sales to Tractor Supply of $0.3 million for the each of the three months ended November 30, 2016 and 2015, respectively. Accounts rece ivable from Tractor Supply were not material as of November 30, 2016 . 

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Nov. 30, 2016
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 11. Commitments and Contingencies  Purchase Commitments  The Company has ongoing relationships with various suppliers (contract manufacturers) who manufacture the Company’s products. The contract manufacturers maintain title to and control of certain raw materials and components, materials utilized in finished products, and the finished products themselves until shipment to the Company’s customers or third-party distribution centers in accordance with agreed upon shipment terms. Although the Company typically does not have definitive minimum purchase obligations included in the contract terms with its contract manufacturers, when such obligations have been included, they have been immaterial. In the ordinary course of business, supply needs are communicated by the Company to its contract manufacturers based on orders and short-term projections, ranging from two to five months. The Company is committed to purchase the products produced by the contract manufacturers based on the projections provided .  Upon the termination of contracts with contract manufacturers, the Company obtains certain inventory control rights and is obligated to work with the contract manufacturer to sell through all product held by or manufactured by the contract manufacturer on behalf of the Company during the termination notification period. If any inventory remains at the contract manufacturer at the termination date, the Company is obligated to purchase such inventory which may include raw materials, components and finished goods. The amounts for inventory purchased under termination commitments have been immaterial .  In addition to the commitments to purchase products from contract manufacturers described above, the Company may also enter into commitments with other manufacturers to purchase finished goods and components to support innovation and renovation initiatives and/or supply chain initiatives . As of November 30, 2016 , no such commitments were outstanding.  Litigation  From time to time, the Company is subject to various claims, law suits, investigations and proceedings arising in the ordinary course of business , including but not limited to, product liability litigation and other claims and proceedings with respect to intellectual property, breach of contract, labor and employment, tax and other matters . As of November 30, 2016, there is no current proceeding or litigation involving the Company that management believes could have a material adverse impact on its business, financial condition and results of operations. For further information on the risks the Company faces from existing and future claims, suits, investigations and proceedings, see the Company’s risk factors disclosed in Part I―Item 1A, “Risk Factors,” in its Annual Report on Form 10-K for the fiscal year ended August 31, 2016, which was filed with the SEC on October 24, 2016 .  Indemnifications  As permitted under Delaware law, the Company has agreements whereby it indemnifies senior officers and directors for certain events or occurrences while the officer or director is, or was, serving at the Company’s request in such capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company maintains Director and Officer insurance coverage that mitigates the Company’s exposure with respect to such obligations. As a result of the Company’s insurance coverage, management believes that the estimated fair value of these indemnification agreements is minimal . Thus, no liabilities have been recorded for these agreements as of November 30, 2016 .  From time to time, the Company enters into indemnification agreements with certain contractual parties in the ordinary course of business, including agreements with lenders, lessors, contract manufacturers, marketing distributors, customers and certain vendors. All such indemnification agreements are entered into in the context of the particular agreements and are provided in an attempt to properly allocate risk of loss in connection with the consummation of the underlying contractual arrangements. Although the maximum amount of future payments that the Company could be required to make under these indemnification agreements is unlimited, management believes that the Company maintains adequate levels of insurance coverage to protect the Company with respect to most potential claims arising from such agreements and that such agreements do not otherwise have value separate and apart from the liabilities incurred in the ordinary course of the Company’s business . Thus, no liabilities have been recorded with respect to such indemnification agreements as of November 30, 2016 . 

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2016
Income Taxes [Abstract]
Income Taxes	Note 1 2 . Income Taxes  The Company uses an estimated annual effective tax rate, which is based on expected annual income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which the Company operates, to determine its quarterly provision for income taxes. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability in the effective tax rates from quarter to quarter.  The provision for income taxes was 28.3 % and 28.5 % of income before income taxes for the three months ended November 30, 2016 and 2015, respectively. The slight decrease in the effective income tax rate from period to period was primarily driven by a favorable mix of taxable earnings from foreign operatio ns which are taxed at lower rates .  The Company is subject to taxation in the U.S. and in various state and foreign jurisdictions. Due to expired statutes, the Company’s federal income tax returns for years prior to fiscal year 2014 are not subject to examination by the U.S. Internal Revenue Service. The Company was recently notified by the U.S. Internal Revenue Service of its plans to perform an income tax audit for the tax period ended August 31, 201 5 . The Company is also currently under audit in various state and local jurisdictions for fiscal years 2013 through 2015. Generally, for the majority of state and foreign jurisdictions where the Company does business, periods prior to fiscal year 2013 are no longer subject to examination. The Company has estimated that up to $ 0.2 million of unrecognized tax benefits related to income tax positions may be affected by the resolution of tax examinations or expiring statutes of limitation within the next twelve months. Audit outcomes and the timing of settlements are subject to significant uncertainty .

Business Segments And Foreign O

Business Segments And Foreign Operations	3 Months Ended
	Nov. 30, 2016
Business Segments And Foreign Operations [Abstract]
Business Segments And Foreign Operations	Note 13. Business Segments and Foreign Operations  The Company evaluates the performance of its segments and allocates resources to them based on sales and operating income. The Company is organized on the basis of geographical area into the following three segments: the Americas; EMEA; and Asia-Pacific. Segment data does not include inter-segment revenues. Unallocated corporate expenses are general corporate overhead expenses not directly attributable to the operating segments and are reported separate from the Company’s identified segments. The corporate overhead costs include expenses for the Company’s accounting and finance, information technology, human resources, research and development, quality control and executive management functions, as well as all direct costs associated with public company compliance matters including legal, audit and other professional services costs.  Summary information about reportable segments is as follows (in thousands):     Unallocated  For the Three Months Ended Americas EMEA Asia-Pacific Corporate (1) Total  November 30, 2016:  Net sales $ 42,840 $ 30,257 $ 16,151 $ - $ 89,248  Income from operations $ 10,749 $ 7,178 $ 4,986 $ (6,397) $ 16,516  Depreciation and  amortization expense $ 1,049 $ 501 $ 62 $ 8 $ 1,620  Interest income $ 2 $ 80 $ 65 $ - $ 147  Interest expense $ 527 $ - $ 4 $ - $ 531   November 30, 2015:  Net sales $ 44,412 $ 32,086 $ 16,024 $ - $ 92,522  Income from operations $ 10,860 $ 6,715 $ 5,123 $ (5,553) $ 17,145  Depreciation and  amortization expense $ 1,080 $ 510 $ 64 $ 7 $ 1,661  Interest income $ 2 $ 103 $ 43 $ - $ 148  Interest expense $ 369 $ - $ 3 $ - $ 372   (1) Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the operating segments. These expenses are reported separate from the Company’s identified segments and are included in Selling, General and Administrative expenses on the Company’s condensed consolidated statements of operations.   The Company’s Chief Operating Decision Maker does not review assets by segment as part of the financial information provided and therefore, no asset information is provided in the above table.  Net sales by product group are as follows (in thousands):     Three Months Ended November 30,  2016 2015  Maintenance products $ 79,159 $ 82,241  Homecare and cleaning products 10,089 10,281  Total $ 89,248 $ 92,522   

Subsequent Events

Subsequent Events	3 Months Ended
	Nov. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 1 4 . Subsequent Events  On December 13, 2016 , the Company’s Board of Directors approved a 17% increase in the regular quarterly cash dividend, increasing it from $0.42 per share to $0.49 per share. The $0.49 per share dividend declared on December 13, 2016 is payable on January 31, 2017 to shareholders of record on January 20 , 2017 .

Basis Of Presentation And Sum23

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Nov. 30, 2016
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Basis Of Consolidation	Basis of Consolidation  The condensed consolidated financial statements included herein have been prepared by the Company, without audit, according to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. The August 31, 201 6 year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the unaudited financial information for the interim periods shown reflects all adjustments necessary for a fair statement thereof and such adjustments are of a normal recurring nature. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 201 6 , which was filed with the SEC on October 2 4 , 201 6 .  The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Use Of Estimates	Use of Estimates  The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year. 
Foreign Currency Forward Contracts	Foreign Currency Forward Contracts  In the normal course of business, the Company employs established policies and procedures to manage its exposure to fluctuations in foreign currency exchange rates. The Company’s U.K. subsidiary, whose functional currency is Pound Sterling, utilizes foreign currency forward contracts to limit its exposure in converting accounts receivable and accounts payable balances denominated in non-functional currencies. The principal currency affected is the Euro. The Company regularly monitors its foreign currency exchange rate exposures to ensure the overall effectiveness of its foreign currency hedge positions. While the Company engages in foreign currency hedging activity to reduce its risk, for accounting purposes, none of its foreign currency forward contracts are designated as hedges.  Foreign currency forward contracts are carried at fair value, with net realized and unrealized gains and losses recognized currently in other income (expense) in the Company’s consolidated statements of operations. Cash flows from settlements of foreign currency forward contracts are included in operating activities in the consolidated statements of cash flows. Foreign currency forward contracts in an asset position at the end of the reporting period are included in other current assets, while foreign currency forward contracts in a liability position at the end of the reporting period are included in accrued liabilities in the Company’s consolidated balance sheets. At November 30, 2016 , the Company had a notional amount of $ 14.2 million outstanding in foreign currency forward contracts , which mature in January 2017. Unrealized net gains and losses related to foreign currency forward contracts were not significant at November 30, 2016 and August 31, 2016. Realized net losses related to foreign currency forward contracts were $0.4 million for three month s ended November 30, 2016 and the net realized gains and losses were not material for the three months ended November 30, 2015.
Fair Value Measurements	Fair Value Measurements  Accounting Standards Codification (“ASC”) 820, “ Fair Value Measurements and Disclosures” , defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company categorizes its financial assets and liabilities measured at fair value into a hierarchy that categorizes fair value measurements into the following three levels based on the types of inputs used in measuring their fair value:  Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities; Level 2: Observable market-based inputs or observable inputs that are corroborated by market data; and Level 3: Unobservable inputs reflecting the Company’s own assumptions.  Under fair value accounting, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. As of November 30, 2016 , the Company had no assets or liabilities that are measured at fair value in the financial statements on a recurring basis, with the exception of the foreign currency forward contracts, which are classified as Level 2 within the fair value hierarchy. The carrying values of cash equivalents, short-term investments and short-term borrowings are recorded at cost, which approximates their fair values primarily due to their short-term maturities and are classified as Level 2 within the fair value hierarchy. During the three months ended November 30, 2016 , the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.
Recently Issued Accounting Standards	Recently Issued Accounting Standards  In October 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory”, which requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs . This guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted in the first interim period of an entity's annual financial statements . The Company has evaluated the potential impacts of this updated guidance, and it does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures.  In August 2016, the FASB issued ASU No. 2016-15, “ Classification of Certain Cash Receipts and Cash Payments ”. The amendments address eight specific cash flow issues to reduce the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted and should be applied using a retrospective approach. The Company is in the process of evaluating the potential impacts of this new guidance on its consolidated financial statements.  In June 2016, the FASB issued ASU No. 2016-13, “ Measurement of Credit Losses on Financial Instruments ”, which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts . The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity’s assumptions, models and methods for estimating expected credit losses. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within that reporting period. Early adoption is permitted. The Company is in the process of evaluating the potential impacts of this new guidance on its consolidated financial statements.  In March 2016, the FASB issued ASU No. 2016-09, “ Improvements to Employee Share-Based Payment Accounting”. The amendments in this updated guidance include changes to simplify the Codification for several aspects of the accounting for share-based payment transactions, including those related to the income tax consequences, classification of awards as either equity or liabilities, accounting for forfeitures, minimum statutory withholding requirements and classification of certain items on the statement of cash flows. Certain of these changes are required to be applied retrospectively while other changes are required to be applied prospectively. This guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is permitted. The Company does not expect that it will adopt this updated guidance early, but it expects that the adoption of this new guidance will have a more than inconsequential impact on the Company’s consolidated financial statements. For example, if the Company had adopted this updated guidance in fiscal year 2016, its income tax expense for the year would have been reduced by approximately $2.1 million due to the recognition of excess tax benefits in the provision for income taxes rather than through additional paid-in-capital. The Company also expects to change its policy related to forfeitures upon adoption of this new guidance such that it will recognize the impacts of forfeitures as they occur rather than recognizing them based on an estimated forfeiture rate. Although the Company is still assessing the impacts of this change in policy for forfeitures on its consolidated financial statements, it does not expect that the impact will be material.  In February 2016, the FASB issued ASU No. 2016-02, “ Leases”. The new standard establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period. Early adoption is permitted and should be applied using a modified retrospective approach. The Company is in the process of evaluating the impacts of this new guidance on its consolidated financial statements and related disclosures.  In August 2014, the FASB issued ASU No. 2014-15, “ Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ”. This updated guidance requires management to evaluate whether there is a substantial doubt about an entity's ability to continue as a going concern within one year of the date that the financial statements are issued and provide related disclosures if necessary . This guidance is effective for the first annual fiscal period ending after December 15, 2016, and for all interim and annual periods thereafter. Early adoption is permitted. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements and related disclosures.  In May 2014, the FASB issued ASU No. 2014-09, “ Revenue from Contracts with Customers ”, which supersedes the revenue recognition requirements in ASC 605, “ Revenue Recognition ”. The core principle of this updated guidance and related amendments is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new rule also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This guidance was originally to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In July 2015, the FASB approved a one year deferral for the effective date of this guidance. Early adoption is permitted but only to the original effective date. Companies are permitted to adopt this new rule following either a full or modified retrospective approach. The Company does not intend to adopt this guidance early and it will become effective for the Company on September 1, 2018. The Company has not yet decided which implementation method it will adopt. Although management has completed its initial evaluation of this new guidance as it pertains to the Company, it is still in the process of determining the impacts that this updated guidance will have on the Company's consolidated financial statements .

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 30, 2016
Inventories [Abstract]
Schedule Of Inventories	   November 30, August 31,  2016 2016  Product held at third-party contract manufacturers $ 3,444 $ 3,521  Raw materials and components 3,215 2,996  Work-in-process 357 163  Finished goods 27,190 25,113  Total $ 34,206 $ 31,793  

Property And Equipment (Tables)

Property And Equipment (Tables)	3 Months Ended
	Nov. 30, 2016
Property And Equipment [Abstract]
Schedule Of Property And Equipment, Net	   November 30, August 31,  2016 2016  Machinery, equipment and vehicles $ 15,336 $ 14,892  Buildings and improvements 4,128 4,223  Computer and office equipment 3,720 3,605  Software 7,704 7,392  Furniture and fixtures 1,232 1,286  Capital in progress 12,385 2,200  Land 247 254  Subtotal 44,752 33,852  Less: accumulated depreciation and amortization (22,736) (22,307)  Total $ 22,016 $ 11,545  

Goodwill And Other Intangible26

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Nov. 30, 2016
Goodwill And Other Intangible Assets [Abstract]
Summary Of Changes In Carrying Amounts Of Goodwill	   Americas EMEA Asia-Pacific Total  Balance as of August 31, 2016 $ 85,452 $ 8,987 $ 1,210 $ 95,649  Translation adjustments (24) (193) - (217)  Balance as of November 30, 2016 $ 85,428 $ 8,794 $ 1,210 $ 95,432  
Summary Of Definite-Lived Intangible Assets	   November 30, August 31,  2016 2016  Gross carrying amount $ 35,543 $ 36,009  Accumulated amortization (17,280) (16,818)  Net carrying amount $ 18,263 $ 19,191  
Summary Of Changes In Carrying Amounts Of Definite-Lived Intangible Assets By Segment	   Americas EMEA Asia-Pacific Total  Balance as of August 31, 2016 $ 14,913 $ 4,278 $ - $ 19,191  Amortization expense (552) (169) - (721)  Translation adjustments - (207) - (207)  Balance as of November 30, 2016 $ 14,361 $ 3,902 $ - $ 18,263  
Schedule Of Future Estimated Amortization Expense	   Trade Names Customer-Based Technology  Remainder of fiscal year 2017 $ 1,810 $ 322 $ 24  Fiscal year 2018 2,406 429 32  Fiscal year 2019 2,406 249 -  Fiscal year 2020 2,012 159 -  Fiscal year 2021 1,222 159 -  Thereafter 6,874 159 -  Total $ 16,730 $ 1,477 $ 56  

Accrued And Other Liabilities (

Accrued And Other Liabilities (Tables)	3 Months Ended
	Nov. 30, 2016
Accrued And Other Liabilities [Abstract]
Schedule Of Accrued Liabilities	   November 30, August 31,  2016 2016  Accrued advertising and sales promotion expenses $ 8,916 $ 9,763  Accrued professional services fees 1,090 1,262  Accrued sales taxes and other taxes 1,047 954  Other 4,836 3,778  Total $ 15,889 $ 15,757  
Schedule Of Accrued Payroll And Related Expenses	   November 30, August 31,  2016 2016  Accrued incentive compensation $ 2,171 $ 12,203  Accrued payroll 3,980 3,559  Accrued profit sharing 3,407 2,716  Accrued payroll taxes 3,052 1,744  Other 753 644  Total $ 13,363 $ 20,866  

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Nov. 30, 2016
Earnings Per Common Share [Abstract]
Schedule Of Reconciliation Of Net Income To Net Income Available To Common Shareholders	   Three Months Ended November 30,  2016 2015  Net income $ 11,758 $ 12,062  Less: Net income allocated to  participating securities (77) (75)  Net income available to common shareholders $ 11,681 $ 11,987  
Schedule Of Weighted Average Number Of Shares	   Three Months Ended November 30,  2016 2015  Weighted-average common  shares outstanding, basic 14,180 14,404  Weighted-average dilutive securities 41 57  Weighted-average common  shares outstanding, diluted 14,221 14,461  

Business Segments And Foreign29

Business Segments And Foreign Operations (Tables)	3 Months Ended
	Nov. 30, 2016
Business Segments And Foreign Operations [Abstract]
Summarized Information By Reportable Segments	   Unallocated  For the Three Months Ended Americas EMEA Asia-Pacific Corporate (1) Total  November 30, 2016:  Net sales $ 42,840 $ 30,257 $ 16,151 $ - $ 89,248  Income from operations $ 10,749 $ 7,178 $ 4,986 $ (6,397) $ 16,516  Depreciation and  amortization expense $ 1,049 $ 501 $ 62 $ 8 $ 1,620  Interest income $ 2 $ 80 $ 65 $ - $ 147  Interest expense $ 527 $ - $ 4 $ - $ 531   November 30, 2015:  Net sales $ 44,412 $ 32,086 $ 16,024 $ - $ 92,522  Income from operations $ 10,860 $ 6,715 $ 5,123 $ (5,553) $ 17,145  Depreciation and  amortization expense $ 1,080 $ 510 $ 64 $ 7 $ 1,661  Interest income $ 2 $ 103 $ 43 $ - $ 148  Interest expense $ 369 $ - $ 3 $ - $ 372   (1) Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the operating segments. These expenses are reported separate from the Company’s identified segments and are included in Selling, General and Administrative expenses on the Company’s condensed consolidated statements of operations.
Schedule Of Net Sales By Product Group	   Three Months Ended November 30,  2016 2015  Maintenance products $ 79,159 $ 82,241  Homecare and cleaning products 10,089 10,281  Total $ 89,248 $ 92,522  

Basis Of Presentation And Sum30

Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Aug. 31, 2016
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Foreign currency forward contracts outstanding	$ 14,200,000
Foreign currency transactions gain (loss), before tax	(400,000)	$ 0
Possible income tax expense reduction			$ 2,100,000
Level 2 [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Assets, Recurring	0
Liabilities, Recurring	0
Assets, Nonrecurring	0
Liabilities, Nonrecurring	$ 0

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Inventories [Abstract]
Product held at third-party contract manufacturers	$ 3,444	$ 3,521
Raw materials and components	3,215	2,996
Work-in-process	357	163
Finished goods	27,190	25,113
Total	$ 34,206	$ 31,793

Property And Equipment (Narrati

Property And Equipment (Narrative) (Details) $ in Millions	Nov. 30, 2016USD ($)
Property And Equipment [Abstract]
Purchase price of property	$ 10.8

Property And Equipment (Schedul

Property And Equipment (Schedule Of Property And Equipment, Net) (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Property Plant And Equipment [Line Items]
Subtotal	$ 44,752	$ 33,852
Less: accumulated depreciation and amortization	(22,736)	(22,307)
Total	22,016	11,545
Machinery, Equipment and Vehicles [Member]
Property Plant And Equipment [Line Items]
Subtotal	15,336	14,892
Buildings And Improvements [Member]
Property Plant And Equipment [Line Items]
Subtotal	4,128	4,223
Computer And Office Equipment [Member]
Property Plant And Equipment [Line Items]
Subtotal	3,720	3,605
Software [Member]
Property Plant And Equipment [Line Items]
Subtotal	7,704	7,392
Furniture And Fixtures [Member]
Property Plant And Equipment [Line Items]
Subtotal	1,232	1,286
Capital In Progress [Member]
Property Plant And Equipment [Line Items]
Subtotal	12,385	2,200
Land [Member]
Property Plant And Equipment [Line Items]
Subtotal	$ 247	$ 254

Goodwill And Other Intangible34

Goodwill And Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Nov. 30, 2016USD ($)
Goodwill And Other Intangible Assets [Abstract]
Impairment of goodwill	$ 0

Goodwill And Other Intangible35

Goodwill And Other Intangible Assets (Summary Of Changes in Carrying Amounts of Goodwill) (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2016USD ($)
Goodwill [Line Items]
Balance, beginning	$ 95,649
Translation adjustments	(217)
Balance, ending	95,432
Americas [Member]
Goodwill [Line Items]
Balance, beginning	85,452
Translation adjustments	(24)
Balance, ending	85,428
EMEA [Member]
Goodwill [Line Items]
Balance, beginning	8,987
Translation adjustments	(193)
Balance, ending	8,794
Asia-Pacific [Member]
Goodwill [Line Items]
Balance, beginning	1,210
Translation adjustments
Balance, ending	$ 1,210

Goodwill And Other Intangible36

Goodwill And Other Intangible Assets (Summary Of Definite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Goodwill And Other Intangible Assets [Abstract]
Gross carrying amount	$ 35,543	$ 36,009
Accumulated amortization	(17,280)	(16,818)
Net carrying amount	$ 18,263	$ 19,191

Goodwill And Other Intangible37

Goodwill And Other Intangible Assets (Summary Of Changes In Carrying Amounts Of Definite-Lived Intangible Assets By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 19,191
Amortization expense	(721)	$ (755)
Translation adjustments	(207)
Ending balance	18,263
Americas [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	14,913
Amortization expense	(552)
Translation adjustments
Ending balance	14,361
EMEA [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	4,278
Amortization expense	(169)
Translation adjustments	(207)
Ending balance	3,902
Asia-Pacific [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance
Amortization expense
Translation adjustments
Ending balance

Goodwill And Other Intangible38

Goodwill And Other Intangible Assets (Schedule Of Future Estimated Amortization Expense) (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 18,263	$ 19,191
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2017	1,810
Fiscal year 2018	2,406
Fiscal year 2019	2,406
Fiscal year 2020	2,012
Fiscal year 2021	1,222
Thereafter	6,874
Net carrying amount	16,730
Customer-Based [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2017	322
Fiscal year 2018	429
Fiscal year 2019	249
Fiscal year 2020	159
Fiscal year 2021	159
Thereafter	159
Net carrying amount	1,477
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2017	24
Fiscal year 2018	32
Net carrying amount	$ 56

Accrued And Other Liabilities39

Accrued And Other Liabilities (Schedule Of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Accrued And Other Liabilities [Abstract]
Accrued advertising and sales promotion expenses	$ 8,916	$ 9,763
Accrued professional services fees	1,090	1,262
Accrued sales taxes and other taxes	1,047	954
Other	4,836	3,778
Total	$ 15,889	$ 15,757

Accrued And Other Liabilities40

Accrued And Other Liabilities (Schedule Of Accrued Payroll And Related Expenses) (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Accrued And Other Liabilities [Abstract]
Accrued incentive compensation	$ 2,171	$ 12,203
Accrued payroll	3,980	3,559
Accrued profit sharing	3,407	2,716
Accrued payroll taxes	3,052	1,744
Other	753	644
Total	$ 13,363	$ 20,866

Debt (Details)

Debt (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2016USD ($)	Aug. 31, 2016USD ($)	Nov. 16, 2015USD ($)
Debt Instrument [Line Items]
Revolving credit facility, amount outstanding	$ 134,400
Debt Current	12,354
Line of credit, long-term liability	$ 122,000	$ 122,000
Third Amended Credit Facility [Member]
Debt Instrument [Line Items]
Share buy-back plan, amount authorized			$ 150,000
Revolving credit facility, expiration date	May 13, 2020
Consolidated leverage ratio	3
Consolidated interest coverage ratio	3
Fourth Amended Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 18,000
Line Of Credit, Headquarters Office [Member]
Debt Instrument [Line Items]
Debt Current	10,000
Autoborrow Agreement [Member]
Debt Instrument [Line Items]
Debt Current	$ 2,400
Maximum [Member] | Third Amended Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount			$ 175,000

Share Repurchase Plans (Details

Share Repurchase Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Sep. 01, 2016
Equity, Class of Treasury Stock [Line Items]
Total cost of repurchased shares	$ 12,156	$ 8,075
2016 To 2018 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share buy-back plan, amount authorized			$ 75,000
Share buy-back plan, number of shares repurchased	112,701
Total cost of repurchased shares	$ 12,200

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Earnings Per Common Share [Abstract]
Anti-dilutive stock options outstanding	0	8,030

Earnings Per Common Share (Sche

Earnings Per Common Share (Schedule Of Reconciliation Of Net Income To Net Income Available To Common Shareholders) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Earnings Per Common Share [Abstract]
Net income	$ 11,758	$ 12,062
Less: Net income allocated to participating securities	(77)	(75)
Net income available to common shareholders	$ 11,681	$ 11,987

Earnings Per Common Share (Sc45

Earnings Per Common Share (Schedule Of Weighted Average Number Of Shares) (Details) - shares shares in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Earnings Per Common Share [Abstract]
Weighted-average common shares outstanding, basic	14,180	14,404
Weighted-average dilutive securities	41	57
Weighted-average common shares outstanding, diluted	14,221	14,461

Related Parties (Details)

Related Parties (Details) - USD ($)	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Related Parties [Abstract]
Sales to Tractor Supply	$ 300,000	$ 300,000
Accounts receivable from Tractor Supply	$ 0

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)	Nov. 30, 2016USD ($)
Loss Contingencies [Line Items]
Liabilities related to indemnification agreement	$ 0
Purchase Commitment [Member]
Loss Contingencies [Line Items]
Commitment outstanding	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Income Taxes [Abstract]
Provision for income taxes	28.30%	28.50%
Unrecognized tax benefits affected by the resolution of tax examinations or expiring statutes of limitation	$ 0.2

Business Segments and Foreign49

Business Segments and Foreign Operations (Summarized Information By Reportable Segments) (Details) $ in Thousands		3 Months Ended
		Nov. 30, 2016USD ($)item	Nov. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | item		3
Net sales		$ 89,248	$ 92,522
Income from operations		16,516	17,145
Depreciation and amortization expense		1,620	1,661
Interest income		147	148
Interest expense		531	372
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Income from operations	[1]	(6,397)	(5,553)
Depreciation and amortization expense	[1]	8	7
Americas [Member]
Segment Reporting Information [Line Items]
Net sales		42,840	44,412
Income from operations		10,749	10,860
Depreciation and amortization expense		1,049	1,080
Interest income		2	2
Interest expense		527	369
EMEA [Member]
Segment Reporting Information [Line Items]
Net sales		30,257	32,086
Income from operations		7,178	6,715
Depreciation and amortization expense		501	510
Interest income		80	103
Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Net sales		16,151	16,024
Income from operations		4,986	5,123
Depreciation and amortization expense		62	64
Interest income		65	43
Interest expense		$ 4	$ 3
[1]	Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the operating segments. These expenses are reported separate from the Company's identified segments and are included in Selling, General and Administrative expenses on the Company's condensed consolidated statements of operations.

Business Segments And Foreign50

Business Segments And Foreign Operations (Schedule Of Net Sales By Product Group) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Revenue from External Customer [Line Items]
Net sales	$ 89,248	$ 92,522
Maintenance Products [Member]
Revenue from External Customer [Line Items]
Net sales	79,159	82,241
Homecare And Cleaning Products [Member]
Revenue from External Customer [Line Items]
Net sales	$ 10,089	$ 10,281

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Dec. 13, 2016	Dec. 12, 2016	Nov. 30, 2016	Nov. 30, 2015
Subsequent Events [Line Items]
Percentage increase in quarterly cash dividend	17.00%
Cash dividend declared		$ 0.42	$ 0.42	$ 0.38
Dividend payable, declared date			Dec. 13, 2016
Dividends payable, date to be paid			Jan. 31, 2017
Dividend payable, record date			Jan. 20, 2017
Subsequent Events [Member]
Subsequent Events [Line Items]
Cash dividend declared	$ 0.49