WD-40 (WDFC) 10-Q 9 Jan 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Nov. 30, 2017	Jan. 04, 2018
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2017
Document Fiscal Year Focus	2,018
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		13,974,212

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Current assets:
Cash and cash equivalents	$ 46,932	$ 37,082
Short-term investments	82,586	80,166
Trade accounts receivable, less allowance for doubtful accounts of $217 and $240 at November 30, 2017 and August 31, 2017, respectively	64,054	64,259
Inventories	37,045	35,340
Other current assets	4,849	8,007
Total current assets	235,466	224,854
Property and equipment, net	29,359	29,439
Goodwill	95,721	95,597
Other intangible assets, net	15,790	16,244
Deferred tax assets, net	482	495
Other assets	3,076	3,088
Total assets	379,894	369,717
Current liabilities:
Accounts payable	17,983	20,898
Accrued liabilities	17,820	18,997
Accrued payroll and related expenses	12,828	14,222
Short-term borrowings	10,800	20,000
Income taxes payable	881	1,306
Total current liabilities	60,312	75,423
Long-term borrowings	153,200	134,000
Deferred tax liabilities, net	19,155	18,949
Other long-term liabilities	1,874	1,958
Total liabilities	234,541	230,330
Commitments and Contingencies (Note 11)
Shareholders' equity:
Common stock - authorized 36,000,000 shares, $0.001 par value; 19,720,517 and 19,688,238 shares issued at November 30, 2017 and August 31, 2017, respectively; and 13,981,212 and 13,984,183 shares outstanding at November 30, 2017 and August 31, 2017, respectively	20	20
Additional paid-in capital	151,110	150,692
Retained earnings	321,378	315,764
Accumulated other comprehensive income (loss)	(24,248)	(28,075)
Common stock held in treasury, at cost - 5,739,305 and 5,704,055 shares at November 30, 2017 and August 31, 2017, respectively	(302,907)	(299,014)
Total shareholders' equity	145,353	139,387
Total liabilities and shareholders' equity	$ 379,894	$ 369,717

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Trade and other accounts receivable, allowance for doubtful accounts	$ 217	$ 240
Common stock, shares authorized	36,000,000	36,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	19,720,517	19,688,238
Common stock, shares outstanding	13,981,212	13,984,183
Treasury stock, shares	5,739,305	5,704,055

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Net sales	$ 97,597	$ 89,248
Cost of products sold	43,400	38,208
Gross profit	54,197	51,040
Operating expenses:
Selling, general and administrative	31,217	28,991
Advertising and sales promotion	5,115	4,812
Amortization of definite-lived intangible assets	729	721
Total operating expenses	37,061	34,524
Income from operations	17,136	16,516
Other income (expense):
Interest income	133	147
Interest expense	(841)	(531)
Other income	128	264
Income before income taxes	16,556	16,396
Provision for income taxes	3,926	4,638
Net income	$ 12,630	$ 11,758
Earnings per common share:
Basic	$ 0.90	$ 0.82
Diluted	$ 0.90	$ 0.82
Shares used in per share calculations:
Basic	13,976	14,180
Diluted	14,011	14,221
Dividends declared per common share	$ 0.49	$ 0.42

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Net income	$ 12,630	$ 11,758
Other comprehensive income (loss):
Foreign currency translation adjustment	3,827	(6,114)
Total comprehensive income	$ 16,457	$ 5,644

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - 3 months ended Nov. 30, 2017 - 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, 2017	$ 20	$ 150,692	$ 315,764	$ (28,075)	$ (299,014)	$ 139,387
Beginning balance, shares at Aug. 31, 2017	19,688,238				5,704,055	13,984,183
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes		(1,548)				$ (1,548)
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	32,279
Stock-based compensation		1,777				1,777
Cash dividends ($0.49 per share)			(6,888)			(6,888)
Acquisition of treasury stock					$ (3,893)	(3,893)
Acquisition of treasury stock, shares					35,250
Foreign currency translation adjustment				3,827		3,827
Net income			12,630			12,630
Ending balance at Nov. 30, 2017	$ 20	151,110	321,378	$ (24,248)	$ (302,907)	$ 145,353
Ending balance, shares at Nov. 30, 2017	19,720,517				5,739,305	13,981,212
Cumulative effect of change in accounting principle		$ 189	$ (128)			$ 61

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical)	3 Months Ended
	Nov. 30, 2017$ / shares
Cash dividends, per share	$ 0.49

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Operating activities:
Net income	$ 12,630	$ 11,758
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,917	1,620
Net gains on sales and disposals of property and equipment	(45)	(54)
Deferred income taxes	261	(405)
Stock-based compensation	1,777	1,622
Unrealized foreign currency exchange losses	150	1,075
Provision for bad debts	(21)	(120)
Changes in assets and liabilities:
Trade accounts receivable	217	6,357
Inventories	(1,459)	(2,876)
Other assets	3,219	1,070
Accounts payable and accrued liabilities	(3,994)	203
Accrued payroll and related expenses	(1,500)	(7,194)
Income taxes payable	(492)	2,619
Other long-term liabilities	(81)	(45)
Net cash provided by operating activities	12,579	15,630
Investing activities:
Purchases of property and equipment	(1,009)	(11,603)
Proceeds from sales of property and equipment	116	162
Purchase of intangible assets	(175)
Purchases of short-term investments	(103)	(16,997)
Maturities of short-term investments		4,548
Net cash used in investing activities	(1,171)	(23,890)
Financing activities:
Treasury stock purchases	(3,893)	(12,156)
Dividends paid	(6,888)	(5,998)
Proceeds from issuance of common stock	215	197
Proceeds from issuance of long-term senior notes	20,000
Net (repayments) proceeds from revolving credit facility	(10,000)	12,354
Shares withheld to cover taxes upon conversions of equity awards	(1,763)	(1,692)
Net cash used in financing activities	(2,329)	(7,295)
Effect of exchange rate changes on cash and cash equivalents	771	(1,854)
Net increase (decrease) in cash and cash equivalents	9,850	(17,409)
Cash and cash equivalents at beginning of period	37,082	50,891
Cash and cash equivalents at end of period	$ 46,932	$ 33,482

The Company

The Company	3 Months Ended
	Nov. 30, 2017
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 that solve problems in workshops, factories and homes around the world. The Company markets its maintenance products and our 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, 2017
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 7 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 7 , which was filed with the SEC on October 2 3 , 201 7 .  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 to net asset balances held in non-functional currencies, specifically 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, 2017 , the Company had a notional amount of $ 13.7 million outstanding in foreign currency forward contracts, which mature in January 2018 . Unrealized net gains and losses related to foreign currency forward contracts were not significant at November 30, 2017 , while unrealized net losses rel ate d to foreign currency forward contracts were $0.6 million at August 31, 201 7 . Realized net gains related to foreign currency forward contracts were $0.3 million for three months ended November 30, 2017, while realized net losses were $0.4 million for three months ended November 30, 2016.  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, 2017 , 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. In addition, the carrying value of long-term borrowings on the Company’s consolidated balance sheets approximate fair value and is also classified as Level 2 within the fair value hierarchy . During the three months ended November 30, 2017 , the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.  Recently Adopted Accounting Standards  In March 2016, the Financial Accounting Standards Board (“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 was permitted. The Company did not adopt this updated guidance early and therefore this guidance became effective for the Company during the first quarter of its fiscal year 2018 . The impacts of the adoption by the Company of ASU No. 2016-09 were as follows: · The Company recorded an excess tax benefit of $0.8 million within the provision for income taxes for the three months ended November 30, 2017 from settlements of stock-based equity awards. Prior to the adoption of this new guidance, this amount would have been recorded as an increase to additional paid-in capital. · The Company elected to change its policy related to forfeitures of stock-based equity awards upon adoption of this new guidance such that it will now recognize the impacts of forfeitures as they occur rather than recognizing them based on an estimated forfeiture rate. As a result, the Company recorded a cumulative-effect adjustment to retained earnings. This adjustment to retained earnings and the impact of this change in policy for forfeitures on the Company’s consolidated financial statements were not material. · The Company elected to apply the presentation requirements for the statement of cash flows related to excess tax benefits from settlements of stock-based equity awards retrospectively for all periods presented which resulted in an increase of $0.4 million to both net cash provided by operating activities and net cash used in financing activities for the three months ended November 30, 2016. · The Company’s presentation in the statement of cash flows of employee taxes paid upon settlement of certain stock-based equity awards via shares withheld by the Company for tax-withholding purposes also changed as a result of the adoption of this new guidance since the Company previously reported such activity as an operating activity rather than a financing activity. As required, the Company applied this change in presentation for the statement of cash flows retrospectively for all periods presented which resulted in an increase of $1.7 million to both net cash provided by operating activities and net cash used in financing activities for the three months ended November 30, 2016. · The Company excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of its diluted earnings per share for the quarter ended November 30, 2017. The resulting increase in the Company’s diluted weighted average common shares outstanding was not material.  Recently Issued Accounting Standards  In August 2017, the FASB issued ASU No. 2017-12, “Targeted Improvements to Accounting for Hedging Activities” , to better align risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. This updated guidance , among other things, expands component and fair value hedging, provides specific presentation guidance on the ef fects of hedging instruments, and eliminates the separate measurement and presentation of portions of hedge s deemed to be ineffective . This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period. Early adoption is permitted. Currently, although the Company engages in foreign currency hedging activity to reduce its risk, none of its foreign currency forward contracts are designated as hedges for accounting purposes. As such, the adoption of this guidance will not have an impact on the Company’s consolidated financial statements and related disclosures.  In January 2017, the FASB issued ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment”. This updated guidance eliminates Step 2 from the current two-step quantitative model for goodwill impairment tests. Step 2 required an entity to calculate an implied fair value, which included a hypothetical purchase price allocation requirement, for reporting units that failed Step 1. Per this updated guidance, a goodwill impairment will instead be measured as the amount by which a reporting unit’s carrying value exceeds its fair value as identified in Step 1. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within that reporting period. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 . 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. The Company plans to early adopt this new guidance during the second quarter of fiscal year 2018, when the Company performs its annual goodwill impairment test.  In October 2016, the 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 in this updated guidance 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 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 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. This new guidance requires an entity to recognize revenue for product sales at the point in time in which control of goods transfers to the Company’s customers which, as defined, could be different than the point in time in which revenue had been recognized by the Company under existing U.S. GAAP, which was based on when title and the risks and rewards of ownership were transferred to the customer. The new guidance 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. Although early adoption is permitted, the Company has concluded that it will not adopt this guidance early and it will become effective for the Company on September 1, 2018. The Company will adopt this new guidance following the modified retrospective approach and will recognize the cumulative effect of initially applying the guidance as an adjustment to the opening balance of retained earnings on September 1, 2018. Management is in the process of a detailed review of the Company’s customer contracts which is focused principally on, but not limited to, identifying the point in time at which the control of goods transfers to customers. Management is nearing the completion of this review and is still in the process of determining the impacts that this new guidance will have on the Company's consolidated financial statements and related disclosures . 

Inventories

Inventories	3 Months Ended
	Nov. 30, 2017
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,  2017 2017  Product held at third-party contract manufacturers $ 3,724 $ 3,021  Raw materials and components 3,235 3,021  Work-in-process 418 215  Finished goods 29,668 29,083  Total $ 37,045 $ 35,340   

Property And Equipment

Property And Equipment	3 Months Ended
	Nov. 30, 2017
Property And Equipment	Note 4. Property and Equipment  Property and equipment, net, consisted of the following (in thousands):     November 30, August 31,  2017 2017  Machinery, equipment and vehicles $ 17,646 $ 17,491  Buildings and improvements 17,038 16,953  Computer and office equipment 4,950 4,552  Software 8,046 7,947  Furniture and fixtures 1,673 1,608  Capital in progress 1,023 861  Land 3,457 3,453  Subtotal 53,833 52,865  Less: accumulated depreciation and amortization (24,474) (23,426)  Total $ 29,359 $ 29,439   

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Nov. 30, 2017
Goodwill And Other Intangible Assets	Note 5 . Goodwill and Other Intangible Assets  Acquisitions  During the first quarter of fiscal year 2018, the Company entered into a confidential settlement agreement with FirstPower Group, LLC (“FirstPower”) for dismissal of FirstPower’s trademark infringement complaint against the Company relating to use of the words, “EZ-REACH” for the Company’s WD-40 EZ-REACH Flexible Straw product. The settlement agreement provided for the Company’s acquisition of FirstPower’s trademark rights associated with the words “EZ REACH” for lubricating oil products for a purchase consideration of $0.2 million. The Company has used the words “EZ-REACH” since the introduction of the WD-40 EZ-REACH Flexible Straw product in fiscal year 2015 .  The entire purchase consideration of $0.2 million was paid in cash upon execution of the settlement agreement and was allocated to the trade name-related intangible assets category. The Company began to amortize this definite-lived intangible asset on a straight-line basis over an estimated useful life of five years in the first quarter of fiscal year 2018. This acquisition did not have a material impact on the Company’s condensed consolidated financial statements.  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, 2017 $ 85,448 $ 8,939 $ 1,210 $ 95,597  Translation adjustments 12 112 - 124  Balance as of November 30, 2017 $ 85,460 $ 9,051 $ 1,210 $ 95,721  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 28, 2017, 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 , EZ REACH 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,  2017 2017  Gross carrying amount $ 36,336 $ 35,891  Accumulated amortization (20,546) (19,647)  Net carrying amount $ 15,790 $ 16,244  There has been no impairment charge for the three months ended November 30, 2017 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, 2017 are summarized below (in thousands):     Americas EMEA Asia-Pacific Total  Balance as of August 31, 2017 $ 12,706 $ 3,538 $ - $ 16,244  Amortization expense (555) (174) - (729)  EZ REACH trade name 175 - - 175  Translation adjustments - 100 - 100  Balance as of November 30, 2017 $ 12,326 $ 3,464 $ - $ 15,790   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 2018 $ 1,846 $ 344 $ 26  Fiscal year 2019 2,455 267 -  Fiscal year 2020 2,060 170 -  Fiscal year 2021 1,270 170 -  Fiscal year 2022 1,270 170 -  Thereafter 5,742 - -  Total $ 14,643 $ 1,121 $ 26  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, 2017
Accrued And Other Liabilities	Note 6 . Accrued and Other Liabilities  Accrued liabilities consisted of the following (in thousands):    November 30, August 31,  2017 2017  Accrued advertising and sales promotion expenses $ 11,373 $ 10,889  Accrued professional services fees 1,152 1,456  Accrued sales taxes and other taxes 1,036 1,701  Other 4,259 4,951  Total $ 17,820 $ 18,997  Accrued payroll and related expenses consisted of the following (in thousands):     November 30, August 31,  2017 2017  Accrued incentive compensation $ 2,325 $ 6,554  Accrued payroll 3,931 3,338  Accrued profit sharing 3,031 2,257  Accrued payroll taxes 2,851 1,503  Other 690 570  Total $ 12,828 $ 14,222   

Debt

Debt	3 Months Ended
	Nov. 30, 2017
Debt	Note 7. Debt  As of November 30, 2017, the Company held borrowings under two separate agreements as detailed below.  Note Purchase and Private Shelf Agreement  On November 15, 2017, the Company entered into the Note Purchase and Private Shelf Agreement (the “Note Agreement”) by and among the Company, PGIM, Inc. (“Prudential”), and certain affiliates and managed accounts of Prudential (the “Note Purchasers”), pursuant to which the Company agreed to sell $20.0 million aggregate principal amount of senior notes (the “Series A Notes”) to certain of the Note Purchasers. The Series A Notes will bear interest at 3.39% per annum and will mature on November 15, 2032 , unless earlier paid by the Company. Principal payments are required semi-annually beginning on May 15, 2018 in equal installments of $0.4 million through May 15, 2032 , and the remaining outstanding principal in the amount of $8.4 million will become due on November 15, 2032. Interest is also payable semi-annually beginning on May 15, 2018. The Company used the proceeds to pay down $20.0 million of short-term borrowings under the Company’s existing $175.0 million unsecured Credit Agreement, of which $10.0 million was paid in November 2017 and the remaining $10.0 million was paid in December 2017.  Pursuant to the Note Agreement, the Company may from time to time offer for sale, in one or a series of transactions, additional senior notes of the Company (the “Shelf Notes”) in an aggregate principal amount of up to $105.0 million. The Shelf Notes will have a maturity date of no more than 15½ years after the date of original issuance and may be issued no later than November 15, 2020 . The Shelf Notes, if issued, would bear interest at a rate per annum and would have such other particular terms, as would be set forth in a confirmation of acceptance executed by the purchasing parties prior to the closing of each purchase and sale transaction. To date, the Company has issued no Shelf Notes. Pursuant to the Note Agreement, the Series A Notes and any Shelf Notes (collectively, the "Notes") can be prepaid at the Company’s sole discretion, in whole at any time or in part from time to time, at 100% of the principal amount of the Notes being prepaid, together with accrued and unpaid interest thereon as well as an additional make-whole payment with respect to such Notes. Credit Agreement  On June 17, 2011, the Company entered into an unsecured Credit Agreement (the “Credit Agreement”) with Bank of America, N.A. (“Bank of America”). Since June 17, 2011, this unsecured credit agreement has been amended five times, most recently on November 15, 2017, (the “Fifth Amendment”). The Fifth Amendment amended certain provisions and covenants in the Credit Agreement to generally conform them to the corresponding provisions and covenants contained in the Note Agreement and permits the Company to incur indebtedness arising under the Note Agreement in an aggregate principal amount not to exceed the $20.0 million, the amount of the Series A Notes sold pursuant to the Note Agreement in November 2017.  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 . In addition, as allowed per the terms of the Credit Agreement, the Company and Bank of America entered into an autoborrow agreement providing for the automatic advance of revolving loans in U.S. Dollars to the Company’s designated account at Bank of America. This agreement was entered into during the second quarter of fiscal year 2016 and this agreement has been in effect since that time. 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. The Company had no balance under the autoborrow agreement as of November 30, 2017.  The Company assesses its ability and intent to refinance the outstanding 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. Outstanding draws on the line of credit which the Company intends to repay in less than twelve months are classified as short-term. Outstanding draws for which management has the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. During the three months ended November 30, 2017, the Company had no new borrowings under the revolving credit facility and repaid $10.0 million in short-term borrowings outstanding under the line of credit by utilizing proceeds from the $20.0 million in Series A Notes issued in November 2017.  Short-term and long-term borrowings consisted of the following (in thousands):       November 30, August 31,  2017 2017  Short-term borrowings:  Revolving credit facility, short-term $ 10,000 $ 20,000  Series A Notes, current portion of long-term debt 800 -  Total short-term borrowings 10,800 20,000   Long-term borrowings:  Revolving credit facility 134,000 134,000  Series A Notes 19,200 -  Total long-term borrowings 153,200 134,000  Total borrowings $ 164,000 $ 154,000  Both the Note Agreement and Credit Agreement contain representations, warranties, events of default and remedies, as well as affirmative, negative and other financial covenants customary for these types of agreements. These covenants include, among other things, certain limitations on the ability of the Company and its subsidiaries to incur indebtedness, create liens, dispose of assets, make investments, repurchase shares of the Company’s capital stock and enter into certain merger or consolidation transactions. Each agreement also includes a most favored lender provision which requires that any time any other lender has the benefit of one or more financial or operational covenants that is different than, or similar to, but more restrictive than those contained in its own agreement, those covenants shall be immediately and automatically incorporated by reference in the other lender’s agreement. Both the Note Agreement and the Credit Agreement require the Company to adhere to the same financial covenants. 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 As of November 30, 2017 the Company was in compliance with all debt covenants under both the Note Agreement and the Credit Agreement.

Share Repurchase Plans

Share Repurchase Plans	3 Months Ended
	Nov. 30, 2017
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, 201 7, the Company repurchased 325, 823 shares at a total cost of $35 .0 million under this $75.0 million plan. During the three months ended November 30, 2017, the Company repurchased 35,250 shares at an average price of $110.42 per share, for a total cost of $3.9 million .

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Nov. 30, 2017
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,  2017 2016  Net income $ 12,630 $ 11,758  Less: Net income allocated to  participating securities (82) (77)  Net income available to common shareholders $ 12,548 $ 11,681  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,  2017 2016  Weighted-average common  shares outstanding, basic 13,976 14,180  Weighted-average dilutive securities 35 41  Weighted-average common  shares outstanding, diluted 14,011 14,221  For the three months ended November 30, 2017 and 2016, there were no anti-dilutive stock-based equity awards outstanding.

Related Parties

Related Parties	3 Months Ended
	Nov. 30, 2017
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 each of the three months ended November 30, 2017 and 201 6 . Accounts rece ivable from Tractor Supply were not material as of November 30, 2017 and August 31, 201 7 .

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Nov. 30, 2017
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 and control of certain raw materials and components, materials utilized in finished products, and of 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, 2017 , 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, 2017, 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, 2017, which was filed with the SEC on October 23, 2017 .  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, 2017 .  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, 2017 .

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2017
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 23.7 % and 28.3 % of income before income taxes for the three months ended November 30, 2017 and 2016, respectively. The decrease in the effective income tax rate from period to period was driven by the adoption of ASU 2016-09, “ Improvements to Employee Share-Based Payment Accounting ” which resulted in excess tax benefit s from settlements of stock-based equity awards being recognized in the provision for income taxes , whereas such benefits were recognized as an increase to additional paid-in capital in prior periods . See “Recently Adopted Accounting Standards” within Note 2 – Basis of Presentation and Summary of Significant Accounting Policies , included in this report, for additional information on the impact of this accounting change on the Company’s consolidated financial statements and related disclosures.  The Company is subject to taxation in the U.S. and in various state and foreign jurisdictions. Due to expired statutes and prior audit examinations , the Company’s federal income tax returns for years prior to fiscal year 2016 are not subject to examination by the U.S. Internal Revenue Service. The Company is also currently under audit in various state and international juri sdictions for fiscal year s 2013 through 2016. Generally, for the majority of state and foreign jurisdictions where the Company does business, periods prior to fiscal year 2014 are no longer subject to examination . The Company has estimated that up to $ 0.3 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, 2017
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, 2017:  Net sales $ 46,163 $ 35,028 $ 16,406 $ - $ 97,597  Income from operations $ 11,030 $ 7,836 $ 4,620 $ (6,350) $ 17,136  Depreciation and  amortization expense $ 1,094 $ 559 $ 72 $ 192 $ 1,917  Interest income $ 1 $ 119 $ 13 $ - $ 133  Interest expense $ 839 $ - $ 2 $ - $ 841   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   (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,  2017 2016  Maintenance products $ 88,030 $ 79,159  Homecare and cleaning products 9,567 10,089  Total $ 97,597 $ 89,248   

Subsequent Events

Subsequent Events	3 Months Ended
	Nov. 30, 2017
Subsequent Events	 Note 1 4 . Subsequent Events  On December 12, 2017 , the Company’s Board of Directors approved a 10% increase in the regular quarterly cash dividend, increasing it from $0.49 per share to $0.54 per share. The $0.54 per share dividend declared on December 12, 2017 is payable on January 31, 2018 to shareholders of record on January 19 , 2018 .  On December 20, 2017 the United States House of Representatives and the Senate passed the “ Tax Cuts and Jobs Act ” (the “Act”), which was signed into law by President Trump on December 22, 2017 . The Act is the most significant revision of the U.S. tax code since the Tax Reform Act of 1986 and is effective beginning January 1, 2018. The Company will be impacted in several ways as a result of the Act including, but not limited to, provisions which include a permanent reduction in the U.S. federal corporate income tax rate from 35% to 21% , the revaluation of deferred tax assets and liabilities that will be required as a result of the tax rate change, and the application of a mandatory one-time “toll tax” on unremitted foreign earnings. Although the Company has not yet performed a comprehensive analysis of the Act and cannot determine the full extent of its impact on the Company’s consolidated financial statements and related disclosures , the Company expects that the Act will have some favorable impact on its annual effective income tax rate in fiscal year 2018. This expected favorable impact is due to the Act’s lower corporate tax rate which will be effective for a portion of the Company’s fiscal year 2018, as well as expected net favorable impacts resulting from one-time events required by the Act in fiscal year 2018. The net favorable impacts of these one-time events are primarily driven by the anticipated favorable impacts as a result of the Company’s revaluation of deferred tax assets and liabilities, which is expected to be substantially offset by the unfavorable impacts of the toll tax.

Basis Of Presentation And Sum23

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Nov. 30, 2017
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 7 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 7 , which was filed with the SEC on October 2 3 , 201 7 .  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 to net asset balances held in non-functional currencies, specifically 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, 2017 , the Company had a notional amount of $ 13.7 million outstanding in foreign currency forward contracts, which mature in January 2018 . Unrealized net gains and losses related to foreign currency forward contracts were not significant at November 30, 2017 , while unrealized net losses rel ate d to foreign currency forward contracts were $0.6 million at August 31, 201 7 . Realized net gains related to foreign currency forward contracts were $0.3 million for three months ended November 30, 2017, while realized net losses were $0.4 million for three months ended November 30, 2016.
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, 2017 , 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. In addition, the carrying value of long-term borrowings on the Company’s consolidated balance sheets approximate fair value and is also classified as Level 2 within the fair value hierarchy . During the three months ended November 30, 2017 , the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards  In March 2016, the Financial Accounting Standards Board (“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 was permitted. The Company did not adopt this updated guidance early and therefore this guidance became effective for the Company during the first quarter of its fiscal year 2018 . The impacts of the adoption by the Company of ASU No. 2016-09 were as follows: · The Company recorded an excess tax benefit of $0.8 million within the provision for income taxes for the three months ended November 30, 2017 from settlements of stock-based equity awards. Prior to the adoption of this new guidance, this amount would have been recorded as an increase to additional paid-in capital. · The Company elected to change its policy related to forfeitures of stock-based equity awards upon adoption of this new guidance such that it will now recognize the impacts of forfeitures as they occur rather than recognizing them based on an estimated forfeiture rate. As a result, the Company recorded a cumulative-effect adjustment to retained earnings. This adjustment to retained earnings and the impact of this change in policy for forfeitures on the Company’s consolidated financial statements were not material. · The Company elected to apply the presentation requirements for the statement of cash flows related to excess tax benefits from settlements of stock-based equity awards retrospectively for all periods presented which resulted in an increase of $0.4 million to both net cash provided by operating activities and net cash used in financing activities for the three months ended November 30, 2016. · The Company’s presentation in the statement of cash flows of employee taxes paid upon settlement of certain stock-based equity awards via shares withheld by the Company for tax-withholding purposes also changed as a result of the adoption of this new guidance since the Company previously reported such activity as an operating activity rather than a financing activity. As required, the Company applied this change in presentation for the statement of cash flows retrospectively for all periods presented which resulted in an increase of $1.7 million to both net cash provided by operating activities and net cash used in financing activities for the three months ended November 30, 2016. · The Company excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of its diluted earnings per share for the quarter ended November 30, 2017. The resulting increase in the Company’s diluted weighted average common shares outstanding was not material.
Recently Issued Accounting Standards	Recently Issued Accounting Standards  In August 2017, the FASB issued ASU No. 2017-12, “Targeted Improvements to Accounting for Hedging Activities” , to better align risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. This updated guidance , among other things, expands component and fair value hedging, provides specific presentation guidance on the ef fects of hedging instruments, and eliminates the separate measurement and presentation of portions of hedge s deemed to be ineffective . This guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within that reporting period. Early adoption is permitted. Currently, although the Company engages in foreign currency hedging activity to reduce its risk, none of its foreign currency forward contracts are designated as hedges for accounting purposes. As such, the adoption of this guidance will not have an impact on the Company’s consolidated financial statements and related disclosures.  In January 2017, the FASB issued ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment”. This updated guidance eliminates Step 2 from the current two-step quantitative model for goodwill impairment tests. Step 2 required an entity to calculate an implied fair value, which included a hypothetical purchase price allocation requirement, for reporting units that failed Step 1. Per this updated guidance, a goodwill impairment will instead be measured as the amount by which a reporting unit’s carrying value exceeds its fair value as identified in Step 1. This guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within that reporting period. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 . 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. The Company plans to early adopt this new guidance during the second quarter of fiscal year 2018, when the Company performs its annual goodwill impairment test.  In October 2016, the 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 in this updated guidance 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 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 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. This new guidance requires an entity to recognize revenue for product sales at the point in time in which control of goods transfers to the Company’s customers which, as defined, could be different than the point in time in which revenue had been recognized by the Company under existing U.S. GAAP, which was based on when title and the risks and rewards of ownership were transferred to the customer. The new guidance 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. Although early adoption is permitted, the Company has concluded that it will not adopt this guidance early and it will become effective for the Company on September 1, 2018. The Company will adopt this new guidance following the modified retrospective approach and will recognize the cumulative effect of initially applying the guidance as an adjustment to the opening balance of retained earnings on September 1, 2018. Management is in the process of a detailed review of the Company’s customer contracts which is focused principally on, but not limited to, identifying the point in time at which the control of goods transfers to customers. Management is nearing the completion of this review and is still in the process of determining the impacts that this new guidance will have on the Company's consolidated financial statements and related disclosures .

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 30, 2017
Schedule Of Inventories	   November 30, August 31,  2017 2017  Product held at third-party contract manufacturers $ 3,724 $ 3,021  Raw materials and components 3,235 3,021  Work-in-process 418 215  Finished goods 29,668 29,083  Total $ 37,045 $ 35,340  

Property And Equipment (Tables)

Property And Equipment (Tables)	3 Months Ended
	Nov. 30, 2017
Schedule Of Property And Equipment, Net	   November 30, August 31,  2017 2017  Machinery, equipment and vehicles $ 17,646 $ 17,491  Buildings and improvements 17,038 16,953  Computer and office equipment 4,950 4,552  Software 8,046 7,947  Furniture and fixtures 1,673 1,608  Capital in progress 1,023 861  Land 3,457 3,453  Subtotal 53,833 52,865  Less: accumulated depreciation and amortization (24,474) (23,426)  Total $ 29,359 $ 29,439  

Goodwill And Other Intangible26

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Nov. 30, 2017
Summary Of Changes In Carrying Amounts Of Goodwill	   Americas EMEA Asia-Pacific Total  Balance as of August 31, 2017 $ 85,448 $ 8,939 $ 1,210 $ 95,597  Translation adjustments 12 112 - 124  Balance as of November 30, 2017 $ 85,460 $ 9,051 $ 1,210 $ 95,721  
Summary Of Definite-Lived Intangible Assets	   November 30, August 31,  2017 2017  Gross carrying amount $ 36,336 $ 35,891  Accumulated amortization (20,546) (19,647)  Net carrying amount $ 15,790 $ 16,244  
Summary Of Changes In Carrying Amounts Of Definite-Lived Intangible Assets By Segment	   Americas EMEA Asia-Pacific Total  Balance as of August 31, 2017 $ 12,706 $ 3,538 $ - $ 16,244  Amortization expense (555) (174) - (729)  EZ REACH trade name 175 - - 175  Translation adjustments - 100 - 100  Balance as of November 30, 2017 $ 12,326 $ 3,464 $ - $ 15,790  
Schedule Of Future Estimated Amortization Expense	   Trade Names Customer-Based Technology  Remainder of fiscal year 2018 $ 1,846 $ 344 $ 26  Fiscal year 2019 2,455 267 -  Fiscal year 2020 2,060 170 -  Fiscal year 2021 1,270 170 -  Fiscal year 2022 1,270 170 -  Thereafter 5,742 - -  Total $ 14,643 $ 1,121 $ 26  

Accrued And Other Liabilities (

Accrued And Other Liabilities (Tables)	3 Months Ended
	Nov. 30, 2017
Schedule Of Accrued Liabilities	   November 30, August 31,  2017 2017  Accrued advertising and sales promotion expenses $ 11,373 $ 10,889  Accrued professional services fees 1,152 1,456  Accrued sales taxes and other taxes 1,036 1,701  Other 4,259 4,951  Total $ 17,820 $ 18,997  
Schedule Of Accrued Payroll And Related Expenses	   November 30, August 31,  2017 2017  Accrued incentive compensation $ 2,325 $ 6,554  Accrued payroll 3,931 3,338  Accrued profit sharing 3,031 2,257  Accrued payroll taxes 2,851 1,503  Other 690 570  Total $ 12,828 $ 14,222  

Debt (Tables)

Debt (Tables)	3 Months Ended
	Nov. 30, 2017
Schedule Of Short-term And Long-term Borrowings	   November 30, August 31,  2017 2017  Short-term borrowings:  Revolving credit facility, short-term $ 10,000 $ 20,000  Series A Notes, current portion of long-term debt 800 -  Total short-term borrowings 10,800 20,000   Long-term borrowings:  Revolving credit facility 134,000 134,000  Series A Notes 19,200 -  Total long-term borrowings 153,200 134,000  Total borrowings $ 164,000 $ 154,000  

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Nov. 30, 2017
Schedule Of Reconciliation Of Net Income To Net Income Available To Common Shareholders	   Three Months Ended November 30,  2017 2016  Net income $ 12,630 $ 11,758  Less: Net income allocated to  participating securities (82) (77)  Net income available to common shareholders $ 12,548 $ 11,681  
Schedule Of Weighted Average Number Of Shares	   Three Months Ended November 30,  2017 2016  Weighted-average common  shares outstanding, basic 13,976 14,180  Weighted-average dilutive securities 35 41  Weighted-average common  shares outstanding, diluted 14,011 14,221  

Business Segments And Foreign30

Business Segments And Foreign Operations (Tables)	3 Months Ended
	Nov. 30, 2017
Summarized Information By Reportable Segments	   Unallocated  For the Three Months Ended Americas EMEA Asia-Pacific Corporate (1) Total  November 30, 2017:  Net sales $ 46,163 $ 35,028 $ 16,406 $ - $ 97,597  Income from operations $ 11,030 $ 7,836 $ 4,620 $ (6,350) $ 17,136  Depreciation and  amortization expense $ 1,094 $ 559 $ 72 $ 192 $ 1,917  Interest income $ 1 $ 119 $ 13 $ - $ 133  Interest expense $ 839 $ - $ 2 $ - $ 841   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   (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,  2017 2016  Maintenance products $ 88,030 $ 79,159  Homecare and cleaning products 9,567 10,089  Total $ 97,597 $ 89,248  

Basis Of Presentation And Sum31

Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Aug. 31, 2017
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Foreign currency forward contracts outstanding	$ 13,700,000
Foreign currency forward contracts, Maturity date	Jan. 1, 2018
Realized foreign currency transactions	$ 300,000	$ (400,000)
Unrealized net losses	150,000	1,075,000	$ 600,000
Excess tax benefits	3,926,000	4,638,000
Foreign Currency Forward Contracts [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Unrealized net losses	0
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
Accounting Standards Update 2016-09 [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Excess tax benefits	$ 800,000
Excess tax benefits, Operating activities		400,000
Excess tax benefits, Financing activities		400,000
Payments related to tax withholding for share-based compensation, operating activities		1,700,000
Payments related to tax withholding for share-based compensation, Financing activities		$ 1,700,000

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Product held at third-party contract manufacturers	$ 3,724	$ 3,021
Raw materials and components	3,235	3,021
Work-in-process	418	215
Finished goods	29,668	29,083
Total	$ 37,045	$ 35,340

Property And Equipment (Schedul

Property And Equipment (Schedule Of Property And Equipment, Net) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Property Plant And Equipment [Line Items]
Subtotal	$ 53,833	$ 52,865
Less: accumulated depreciation and amortization	(24,474)	(23,426)
Total	29,359	29,439
Machinery, Equipment and Vehicles [Member]
Property Plant And Equipment [Line Items]
Subtotal	17,646	17,491
Buildings And Improvements [Member]
Property Plant And Equipment [Line Items]
Subtotal	17,038	16,953
Computer And Office Equipment [Member]
Property Plant And Equipment [Line Items]
Subtotal	4,950	4,552
Software [Member]
Property Plant And Equipment [Line Items]
Subtotal	8,046	7,947
Furniture And Fixtures [Member]
Property Plant And Equipment [Line Items]
Subtotal	1,673	1,608
Capital In Progress [Member]
Property Plant And Equipment [Line Items]
Subtotal	1,023	861
Land [Member]
Property Plant And Equipment [Line Items]
Subtotal	$ 3,457	$ 3,453

Goodwill And Other Intangible34

Goodwill And Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Nov. 30, 2017USD ($)
Finite Lived Intangible Assets [Line Items]
Impairment of goodwill	$ 0
Purchase consideration	175,000
Trademarks [Member] | EZ REACH [Member]
Finite Lived Intangible Assets [Line Items]
Purchase consideration	$ 200,000

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, 2017USD ($)
Goodwill [Line Items]
Balance, beginning	$ 95,597
Translation adjustments	124
Balance, ending	95,721
Americas [Member]
Goodwill [Line Items]
Balance, beginning	85,448
Translation adjustments	12
Balance, ending	85,460
EMEA [Member]
Goodwill [Line Items]
Balance, beginning	8,939
Translation adjustments	112
Balance, ending	9,051
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, 2017	Aug. 31, 2017
Gross carrying amount	$ 36,336	$ 35,891
Accumulated amortization	(20,546)	(19,647)
Net carrying amount	$ 15,790	$ 16,244

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, 2017	Nov. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 16,244
Amortization expense	(729)	$ (721)
EZ Reach trade name	175
Translation adjustments	100
Ending balance	15,790
Americas [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	12,706
Amortization expense	(555)
EZ Reach trade name	175
Translation adjustments
Ending balance	12,326
EMEA [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	3,538
Amortization expense	(174)
EZ Reach trade name
Translation adjustments	100
Ending balance	3,464
Asia-Pacific [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance
Amortization expense
EZ Reach trade name
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, 2017	Aug. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 15,790	$ 16,244
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2018	1,846
Fiscal year 2019	2,455
Fiscal year 2020	2,060
Fiscal year 2021	1,270
Fiscal year 2022	1,270
Thereafter	5,742
Net carrying amount	14,643
Customer-Based [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2018	344
Fiscal year 2019	267
Fiscal year 2020	170
Fiscal year 2021	170
Fiscal year 2022	170
Net carrying amount	1,121
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2018	26
Net carrying amount	$ 26

Accrued And Other Liabilities39

Accrued And Other Liabilities (Schedule Of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Accrued advertising and sales promotion expenses	$ 11,373	$ 10,889
Accrued professional services fees	1,152	1,456
Accrued sales taxes and other taxes	1,036	1,701
Other	4,259	4,951
Total	$ 17,820	$ 18,997

Accrued And Other Liabilities40

Accrued And Other Liabilities (Schedule Of Accrued Payroll And Related Expenses) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Accrued incentive compensation	$ 2,325	$ 6,554
Accrued payroll	3,931	3,338
Accrued profit sharing	3,031	2,257
Accrued payroll taxes	2,851	1,503
Other	690	570
Total	$ 12,828	$ 14,222

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended
	Dec. 31, 2017	Nov. 30, 2017	Nov. 30, 2017	Nov. 15, 2017	Aug. 31, 2017
Debt Instrument [Line Items]
Current debt		$ 10,800,000	$ 10,800,000		$ 20,000,000
Line of credit, long-term liability		153,200,000	153,200,000		$ 134,000,000
Fifth Amended Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount		175,000,000	175,000,000
Share buy-back plan, amount authorized		$ 150,000,000	$ 150,000,000
Revolving credit facility, expiration date			May 13, 2020
Consolidated leverage ratio		3	3
Consolidated interest coverage ratio		3	3
Autoborrow Agreement [Member]
Debt Instrument [Line Items]
Current debt		$ 0	$ 0
Revolving Credit Facility [Member] | Line Of Credit, Headquarters Office [Member]
Debt Instrument [Line Items]
Additional maximum borrowing capacity		$ 0	$ 0
Note Agreement [Member]
Debt Instrument [Line Items]
Principal payment frequency of periodic payment			semi-annually
Note Agreement [Member] | Series A Notes [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount				$ 20,000,000
Principal amount				$ 20,000,000
Interest rate		3.39%	3.39%
Maturity date			Nov. 15, 2032
Date of first payment required			May 15, 2018
Periodic payment amount			$ 400,000
Date of final semi-annual payment required			May 15, 2032
Balloon payment		$ 8,400,000	$ 8,400,000
Note Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayment of short-term debt	$ 10,000,000	10,000,000	20,000,000
Shelf Notes [Member]
Debt Instrument [Line Items]
Principal amount		0	$ 0
Latest date to issue senior notes			Nov. 15, 2020
Period of debt issuance and maturity			15 years 6 months
Maximum [Member] | Shelf Notes [Member]
Debt Instrument [Line Items]
Additional maximum borrowing capacity		$ 105,000,000	$ 105,000,000

Debt (Schedule Of Short-term An

Debt (Schedule Of Short-term And Long-term Borrowings) (Details) - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Debt Instrument [Line Items]
Total short-term borrowings	$ 10,800	$ 20,000
Long-term borrowings	153,200	134,000
Total borrowings	164,000	154,000
Series A Notes [Member]
Debt Instrument [Line Items]
Current portion of long-term debt	800
Long-term borrowings	19,200
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Short-term	10,000	20,000
Long-term borrowings	$ 134,000	$ 134,000

Share Repurchase Plans (Narrati

Share Repurchase Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		15 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Nov. 30, 2017	Sep. 01, 2016
Equity, Class of Treasury Stock [Line Items]
Total cost of repurchased shares	$ 3,893	$ 12,156
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	35,250		325,823
Average price of shares repurchased	$ 110.42
Total cost of repurchased shares	$ 3,900		$ 35,000

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Anti-dilutive stock options outstanding	0	0

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, 2017	Nov. 30, 2016
Net income	$ 12,630	$ 11,758
Less: Net income allocated to participating securities	(82)	(77)
Net income available to common shareholders	$ 12,548	$ 11,681

Earnings Per Common Share (Sc46

Earnings Per Common Share (Schedule Of Weighted Average Number Of Shares) (Details) - shares shares in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Weighted-average common shares outstanding, basic	13,976	14,180
Weighted-average dilutive securities	35	41
Weighted-average common shares outstanding, diluted	14,011	14,221

Related Parties (Narrative) (De

Related Parties (Narrative) (Details) - USD ($)	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016	Aug. 31, 2017
Sales to Tractor Supply	$ 300,000	$ 300,000
Accounts receivable from Tractor Supply	$ 0		$ 0

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)	Nov. 30, 2017USD ($)
Purchase Commitment [Member]
Loss Contingencies [Line Items]
Commitment outstanding	$ 0
Indemnification Agreement 1 [Member]
Loss Contingencies [Line Items]
Liabilities related to indemnification agreement	0
Senior Officers And Directors [Member] | Indemnification Agreement 1 [Member]
Loss Contingencies [Line Items]
Liabilities related to indemnification agreement	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Provision for income taxes	23.70%	28.30%
Unrecognized tax benefits affected by the resolution of tax examinations or expiring statutes of limitation	$ 0.3

Business Segments and Foreign50

Business Segments and Foreign Operations (Summarized Information By Reportable Segments) (Details) $ in Thousands		3 Months Ended
		Nov. 30, 2017USD ($)item	Nov. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | item		3
Net sales		$ 97,597	$ 89,248
Income from operations		17,136	16,516
Depreciation and amortization expense		1,917	1,620
Interest income		133	147
Interest expense		841	531
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Income from operations	[1]	(6,350)	(6,397)
Depreciation and amortization expense	[1]	192	8
Americas Segment [Member]
Segment Reporting Information [Line Items]
Net sales		46,163	42,840
Income from operations		11,030	10,749
Depreciation and amortization expense		1,094	1,049
Interest income		1	2
Interest expense		839	527
EMEA Segments [Member]
Segment Reporting Information [Line Items]
Net sales		35,028	30,257
Income from operations		7,836	7,178
Depreciation and amortization expense		559	501
Interest income		119	80
Asia-Pacific Segment [Member]
Segment Reporting Information [Line Items]
Net sales		16,406	16,151
Income from operations		4,620	4,986
Depreciation and amortization expense		72	62
Interest income		13	65
Interest expense		$ 2	$ 4
[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 Foreign51

Business Segments And Foreign Operations (Schedule Of Net Sales By Product Group) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Revenue from External Customer [Line Items]
Net sales	$ 97,597	$ 89,248
Maintenance Products [Member]
Revenue from External Customer [Line Items]
Net sales	88,030	79,159
Homecare And Cleaning Products [Member]
Revenue from External Customer [Line Items]
Net sales	$ 9,567	$ 10,089

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - $ / shares	Dec. 12, 2017	Nov. 30, 2017	Nov. 30, 2016
Subsequent Events [Line Items]
Cash dividend declared		$ 0.49	$ 0.42
Dividend payable, declared date		Dec. 12, 2017
Dividends payable, date to be paid		Jan. 31, 2018
Dividend payable, record date		Jan. 19, 2018
Subsequent Events [Member]
Subsequent Events [Line Items]
Percentage increase in quarterly cash dividend	10.00%
Cash dividend declared	$ 0.54