WD-40 (WDFC) 10-Q 7 Jul 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	May 31, 2021	Jul. 02, 2021
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Amendment Flag	false
Document Period End Date	May 31, 2021
Entity File Number	000-06936
Entity Registrant Name	WD-40 COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-1797918
Entity Address, Address Line One	9715 Businesspark Avenue
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92131
City Area Code	619
Local Phone Number	275-1400
Title of 12(b) Security	Common stock, par value $0.001 per share
Trading Symbol	WDFC
Security Exchange Name	NASDAQ
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000105132
Current Fiscal Year End Date	--08-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,707,767

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Current assets:
Cash and cash equivalents	$ 80,362	$ 56,462
Trade and other accounts receivable, less allowance for doubtful accounts of $620 and $362 at May 31, 2021 and August 31, 2020, respectively	104,911	80,672
Inventories	47,768	41,264
Other current assets	7,902	6,756
Total current assets	240,943	185,154
Property and equipment, net	68,968	60,759
Goodwill	96,017	95,731
Other intangible assets, net	7,665	8,633
Operating lease right-of-use assets	9,158	8,168
Deferred tax assets, net	484	464
Other assets	4,652	3,728
Total assets	427,887	362,637
Current liabilities:
Accounts payable	31,307	21,676
Accrued liabilities	24,728	21,660
Accrued payroll and related expenses	21,485	14,767
Short-term borrowings	800	800
Income taxes payable	798	1,213
Total current liabilities	79,118	60,116
Long-term borrowings	116,498	113,098
Deferred tax liabilities, net	10,878	11,291
Long-term operating lease liabilities	7,344	6,520
Other long-term liabilities	11,417	11,299
Total liabilities	225,255	202,324
Commitments and Contingencies (Note 12)
Shareholders' equity:
Common stock - authorized 36,000,000 shares, $0.001 par value; 19,855,666 and 19,812,685 shares issued at May 31, 2021 and August 31, 2020, respectively; and 13,707,767 and 13,664,786 shares outstanding at May 31, 2021 and August 31, 2020, respectively	20	20
Additional paid-in capital	162,240	157,850
Retained earnings	432,230	398,731
Accumulated other comprehensive loss	(23,778)	(28,208)
Common stock held in treasury, at cost - 6,147,899 shares at both May 31, 2021 and August 31, 2020	(368,080)	(368,080)
Total shareholders' equity	202,632	160,313
Total liabilities and shareholders' equity	$ 427,887	$ 362,637

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Condensed Consolidated Balance Sheets [Abstract]
Trade accounts receivable, less allowance for doubtful accounts	$ 620	$ 362
Common stock, shares authorized	36,000,000	36,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	19,855,666	19,812,685
Common stock, shares outstanding	13,707,767	13,664,786
Treasury stock, shares	6,147,899	6,147,899

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Condensed Consolidated Statements Of Operations [Abstract]
Net sales	$ 136,405	$ 98,247	$ 372,869	$ 296,852
Cost of products sold	63,947	45,197	168,158	136,657
Gross profit	72,458	53,050	204,711	160,195
Operating expenses:
Selling, general and administrative	38,131	27,922	109,586	90,427
Advertising and sales promotion	6,642	4,764	17,673	15,211
Amortization of definite-lived intangible assets	364	552	1,084	1,856
Total operating expenses	45,137	33,238	128,343	107,494
Income from operations	27,321	19,812	76,368	52,701
Other income (expense):
Interest income	21	20	59	73
Interest expense	(615)	(778)	(1,795)	(1,813)
Other income (expense), net	183	27	513	(197)
Income before income taxes	26,910	19,081	75,145	50,764
Provision for income taxes	5,904	4,557	13,325	9,719
Net income	$ 21,006	$ 14,524	$ 61,820	$ 41,045
Earnings per common share:
Basic	$ 1.53	$ 1.06	$ 4.50	$ 2.98
Diluted	$ 1.52	$ 1.06	$ 4.48	$ 2.98
Shares used in per share calculations:
Basic	13,708	13,674	13,694	13,700
Diluted	13,746	13,700	13,727	13,727

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 21,006	$ 14,524	$ 61,820	$ 41,045
Other comprehensive income (loss):
Foreign currency translation adjustment	608	(1,855)	4,430	159
Total comprehensive income	$ 21,614	$ 12,669	$ 66,250	$ 41,204

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - 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, 2019	$ 20	$ 155,132	$ 374,060	$ (32,482)	$ (351,255)	$ 145,475
Beginning balance, shares at Aug. 31, 2019	19,773,977				6,055,316
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes		(2,640)				(2,640)
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	22,342
Stock-based compensation		2,214				2,214
Cash dividends			(8,406)			(8,406)
Acquisition of treasury stock					$ (4,957)	(4,957)
Acquisition of treasury stock, shares					26,800
Foreign currency translation adjustment				2,112		2,112
Net income			12,194			12,194
Ending balance at Nov. 30, 2019	$ 20	154,706	377,848	(30,370)	$ (356,212)	145,992
Ending balance, shares at Nov. 30, 2019	19,796,319				6,082,116
Beginning balance at Aug. 31, 2019	$ 20	155,132	374,060	(32,482)	$ (351,255)	145,475
Beginning balance, shares at Aug. 31, 2019	19,773,977				6,055,316
Foreign currency translation adjustment						159
Net income						41,045
Ending balance at May. 31, 2020	$ 20	157,101	388,265	(32,323)	$ (368,080)	144,983
Ending balance, shares at May. 31, 2020	19,812,685				6,147,899
Beginning balance at Nov. 30, 2019	$ 20	154,706	377,848	(30,370)	$ (356,212)	145,992
Beginning balance, shares at Nov. 30, 2019	19,796,319				6,082,116
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	16,366
Stock-based compensation		1,675				1,675
Cash dividends			(9,236)			(9,236)
Acquisition of treasury stock					$ (4,701)	(4,701)
Acquisition of treasury stock, shares					24,774
Foreign currency translation adjustment				(98)		(98)
Net income			14,327			14,327
Ending balance at Feb. 29, 2020	$ 20	156,381	382,939	(30,468)	$ (360,913)	147,959
Ending balance, shares at Feb. 29, 2020	19,812,685				6,106,890
Stock-based compensation		720				720
Cash dividends			(9,198)			(9,198)
Acquisition of treasury stock					$ (7,167)	(7,167)
Acquisition of treasury stock, shares					41,009
Foreign currency translation adjustment				(1,855)		(1,855)
Net income			14,524			14,524
Ending balance at May. 31, 2020	$ 20	157,101	388,265	(32,323)	$ (368,080)	144,983
Ending balance, shares at May. 31, 2020	19,812,685				6,147,899
Beginning balance at Aug. 31, 2020	$ 20	157,850	398,731	(28,208)	$ (368,080)	$ 160,313
Beginning balance, shares at Aug. 31, 2020	19,812,685				6,147,899	13,664,786
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes		(3,490)				$ (3,490)
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	23,417
Stock-based compensation		2,665				2,665
Cash dividends			(9,199)			(9,199)
Foreign currency translation adjustment				588		588
Net income			23,623			23,623
Ending balance at Nov. 30, 2020	$ 20	157,025	413,155	(27,620)	$ (368,080)	174,500
Ending balance, shares at Nov. 30, 2020	19,836,102				6,147,899
Beginning balance at Aug. 31, 2020	$ 20	157,850	398,731	(28,208)	$ (368,080)	$ 160,313
Beginning balance, shares at Aug. 31, 2020	19,812,685				6,147,899	13,664,786
Foreign currency translation adjustment						$ 4,430
Net income						61,820
Ending balance at May. 31, 2021	$ 20	162,240	432,230	(23,778)	$ (368,080)	$ 202,632
Ending balance, shares at May. 31, 2021	19,855,666				6,147,899	13,707,767
Beginning balance at Nov. 30, 2020	$ 20	157,025	413,155	(27,620)	$ (368,080)	$ 174,500
Beginning balance, shares at Nov. 30, 2020	19,836,102				6,147,899
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes		(5)				(5)
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	19,564
Stock-based compensation		1,877				1,877
Cash dividends			(9,217)			(9,217)
Foreign currency translation adjustment				3,234		3,234
Net income			17,191			17,191
Ending balance at Feb. 28, 2021	$ 20	158,897	421,129	(24,386)	$ (368,080)	187,580
Ending balance, shares at Feb. 28, 2021	19,855,666				6,147,899
Stock-based compensation		3,343				3,343
Cash dividends			(9,905)			(9,905)
Foreign currency translation adjustment				608		608
Net income			21,006			21,006
Ending balance at May. 31, 2021	$ 20	$ 162,240	$ 432,230	$ (23,778)	$ (368,080)	$ 202,632
Ending balance, shares at May. 31, 2021	19,855,666				6,147,899	13,707,767

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020	May 31, 2020	Feb. 29, 2020	Nov. 30, 2019
Condensed Consolidated Statements Of Shareholders' Equity [Abstract]
Cash dividends, per share	$ 0.72	$ 0.67	$ 0.67	$ 0.67	$ 0.67	$ 0.61

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	May 31, 2021	May 31, 2020
Operating activities:
Net income	$ 61,820	$ 41,045
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,266	5,980
Net gains on sales and disposals of property and equipment	(185)	(115)
Deferred income taxes	(512)	(221)
Stock-based compensation	7,885	4,609
Unrealized foreign currency exchange (gains) losses	(529)	30
Provision for bad debts	253	98
Changes in assets and liabilities:
Trade and other accounts receivable	(20,053)	(3,006)
Inventories	(5,101)	(2,433)
Other assets	(1,777)	1,443
Operating lease assets and liabilities, net	11	224
Accounts payable and accrued liabilities	11,000	(2,367)
Accrued payroll and related expenses	6,202	(5,758)
Other long-term liabilities and income taxes payable	(305)	1,227
Net cash provided by operating activities	63,975	40,756
Investing activities:
Purchases of property and equipment	(10,789)	(17,411)
Proceeds from sales of property and equipment	418	321
Net cash used in investing activities	(10,371)	(17,090)
Financing activities:
Treasury stock purchases		(16,825)
Dividends paid	(28,321)	(26,840)
Proceeds from issuance of long-term senior notes	52,000
Repayments of long-term senior notes	(800)	(800)
Net (repayments) proceeds of revolving credit facility	(50,000)	84,595
Shares withheld to cover taxes upon conversions of equity awards	(3,494)	(2,640)
Net cash used in financing activities	(30,615)	37,490
Effect of exchange rate changes on cash and cash equivalents	911	166
Net increase in cash and cash equivalents	23,900	61,322
Cash and cash equivalents at beginning of period	56,462	27,233
Cash and cash equivalents at end of period	80,362	88,555
Supplemental disclosure of noncash investing activities:
Accrued capital expenditures	$ 1,700	$ 454

The Company

The Company	9 Months Ended
	May 31, 2021
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 that solve problems in workshops, factories and homes around the world. The Company markets a wide range of maintenance products and 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 products 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 warehouse club stores, hardware stores, automotive parts outlets, industrial distributors and suppliers, mass retail and home center stores, value retailers, grocery stores, online retailers, farm supply, sport retailers, and independent bike dealers.

Basis Of Presentation And Summa

Basis Of Presentation And Summary Of Significant Accounting Policies	9 Months Ended
	May 31, 2021
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, 2020 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 , 2020, which was filed with the SEC on October 21, 2020. 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. COVID-19 Considerations The COVID-19 pandemic has adversely impacted global economic conditions and has contributed to significant volatility in financial markets beginning in early calendar year 2020, as described in the “ Impact of COVID-19 on Our Business ” section included in Part I – Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Although the Company’s current estimates contemplate current conditions, the inputs into certain of the Company’s significant and critical accounting estimates include judgments and assumptions about the economic implications of the COVID-19 pandemic and how management expects them to change in the future, as appropriate. It is reasonably possible that actual results experienced may differ materially from the Company’s estimates in future periods, which could materially affect our results of operations and financial condition. 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 utilizes foreign currency forward contracts to limit its exposure to net asset balances held in non-functional currencies, primarily at its U.K. subsidiary. 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 May 31, 2021, the Company had a notional amount of $ 15.8 million outstanding in foreign currency forward contracts, which matured on June 29, 2021 . Unrealized net gains and losses related to foreign currency forward contracts were no t significant at May 31, 2021 and August 31, 2020 . Realized net gains and losses related to foreign currency forward contracts were no t significant for both the three months ended May 31, 2021 and 2020. Realized net gains and losses related to foreign currency forward contracts were no t significant for both the nine months ended May 31, 2021 and 2020. Both unrealized and realized net gains and losses are recorded in other income (expense), net on the Company’s condensed consolidated statements of operations. Fair Value of Financial Instruments 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 May 31, 2021, 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 and short-term borrowings are recorded at cost, which approximates their fair values, primarily due to their short-term nature. In addition, the carrying value of borrowings held under the Company’s revolving credit facility approximates fair value, based on Level 2 inputs, due to the variable nature of underlying interest rates, which generally reflect market conditions. The Company’s fixed rate long-term borrowings consist of senior notes and are recorded at carrying value. The Company estimates that the fair value of its senior notes, based on Level 2 inputs, was approximately $ 66.4 million as of May 31, 2021, which was determined based on a discounted cash flow analysis using current market interest rates for instruments with similar terms, compared to their carrying value of $ 69.2 million . During the nine months ended May 31, 2021, the Company did no t record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition. Recently Issued Accounting Standards In December 2019, the FASB issued ASU No. 2019-12, “ Simplifying the Accounting for Income Taxes ” under ASC 740, which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and amends existing guidance to improve consistent application. This guidance is effective for fiscal years beginning after December 15, 2020, including interim periods within that fiscal year. Early adoption is permitted. The Company is in the process of evaluating the impacts of this guidance on its consolidated financial statements and related disclosures .

Inventories

Inventories	9 Months Ended
	May 31, 2021
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 net realizable value 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): May 31, August 31, 2021 2020 Product held at third-party contract manufacturers $ 6,085 $ 4,393 Raw materials and components 8,417 5,034 Work-in-process 1,263 385 Finished goods 32,003 31,452 Total $ 47,768 $ 41,264

Property And Equipment

Property And Equipment	9 Months Ended
	May 31, 2021
Property And Equipment [Abstract]
Property And Equipment	Note 4. Property and Equipment Property and equipment, net, consisted of the following (in thousands): May 31, August 31, 2021 2020 Machinery, equipment and vehicles $ 22,581 $ 20,434 Buildings and improvements 29,936 28,271 Computer and office equipment 5,852 5,420 Software 10,844 9,959 Furniture and fixtures 2,835 2,641 Capital in progress 28,848 21,939 Land 4,441 4,374 Subtotal 105,337 93,038 Less: accumulated depreciation and amortization ( 36,369 ) ( 32,279 ) Total $ 68,968 $ 60,759

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	9 Months Ended
	May 31, 2021
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, 2020 $ 85,461 $ 9,060 $ 1,210 $ 95,731 Translation adjustments 32 255 ( 1 ) 286 Balance as of May 31, 2021 $ 85,493 $ 9,315 $ 1,209 $ 96,017 There were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its goodwill subsequent to December 1, 2020, the date of its most recent annual goodwill impairment test, which was conducted during the second quarter of fiscal year 2021. Based on the results of the annual goodwill impairment test, the estimated fair value of each of the Company’s reporting units exceeded their respective carrying values so significantly that an impairment charge to the Company’s goodwill balances is remote. 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 Spot Shot, Carpet Fresh, 1001, EZ REACH and GT85 trade names, 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 (in thousands): May 31, August 31, 2021 2020 Gross carrying amount $ 36,971 $ 36,363 Accumulated amortization ( 29,306 ) ( 27,730 ) Net carrying amount $ 7,665 $ 8,633 There has been no impairment charge for the nine months ended May 31, 2021 and there were no indicators of impairment identified as a result of the Company’s review of events and circumstances related to its existing definite-lived intangible assets. The Company’s review of events and circumstances included consideration of the ongoing COVID-19 pandemic. Changes in the carrying amounts of definite-lived intangible assets by segment for the nine months ended May 31, 2021 are summarized below (in thousands): Americas EMEA Asia-Pacific Total Balance as of August 31, 2020 $ 6,553 $ 2,080 $ - $ 8,633 Amortization expense ( 793 ) ( 291 ) - ( 1,084 ) Translation adjustments - 116 - 116 Balance as of May 31, 2021 $ 5,760 $ 1,905 $ - $ 7,665 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 Remainder of fiscal year 2021 $ 321 $ 45 Fiscal year 2022 1,285 181 Fiscal year 2023 1,038 - Fiscal year 2024 1,033 - Fiscal year 2025 950 - Thereafter 2,812 - Total $ 7,439 $ 226 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.

Leases

Leases	9 Months Ended
	May 31, 2021
Leases [Abstract]
Leases	Note 6. Leases The Company leases real estate for its regional sales offices, a research and development facility, and offices located at its international subsidiaries and branch locations. In addition, the Company leases an automobile fleet in the United States. The Company has also identified warehouse leases within certain third-party distribution center service contracts. All other leases are insignificant to the Company’s consolidated financial statements. To determine if a contract contains a lease, the Company assesses its contracts and determines if there is an identified asset for which the Company has obtained the right to control, as defined in ASC 842. The Company records right-of-use assets and lease liabilities on its consolidated balance sheets for leases with an expected term greater than one year. The lease term includes the committed lease term, also taking into account early termination and renewal options that management is reasonably certain to exercise. For leases that do not have a readily determinable implicit rate, the Company uses its estimated secured incremental borrowing rate based on the information available at the lease commencement date to determine the present value of lease payments. The Company’s estimated secured incremental borrowing rate is determined using a portfolio approach based on the rate of interest the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. The Company uses the unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate in the currency of the lease. As of May 31, 2021, finance leases were not significant and all leases recorded on the Company’s consolidated balances sheets were operating leases. Residual value guarantees, restrictions, covenants, sublease income, net gains or losses from sale and leaseback transactions, and transactions with related parties associated with leases are also not significant. The Company has made the accounting policy election to use certain ongoing practical expedients made available by ASC 842 to: (i) not separate lease components from non-lease components for real estate – office buildings, machinery and equipment, lab equipment, office equipment, furniture and fixtures, and IT equipment; and (ii) exclude leases with an initial term of 12 months or less (“short-term” leases) from the consolidated balance sheets and will recognize related lease payments in the consolidated statements of operations on a straight-line basis over the lease term. However, the Company had no significant short-term leases as of May 31, 2021. The Company obtained additional right-of-use assets of $ 1.9 million in exchange for lease obligations related to renewals of existing leases during the nine months ended May 31, 2021. The Company did no t obtain significant additional right-of-use assets during the nine months ended May 31, 2020. The Company recorded $ 0.5 million and $ 1.5 million in lease expense during both the three and nine months ended May 31, 2021 and 2020. This lease expense was included in selling, general and administrative expenses. An insignificant amount of lease expense was classified within cost of products sold for both the three and nine months ended May 31, 2021 and 2020. During the three and nine months ended May 31, 2021, the Company paid cash of $ 0.5 million and $ 1.6 million related to lease liabilities, respectively, compared to $ 0.5 million and $ 1.5 million in the corresponding period of the prior fiscal year. Variable lease expense under the Company’s lease agreements was not significant for both the three and nine months ended May 31, 2021 and 2020. As of May 31, 2021, the weighted-average remaining lease term was 6.9 years and the weighted- average discount rate was 2.9 % for the Company’s operating leases. There were no leases that had not yet commenced as of May 31, 2021 that will create additional significant rights and obligations for the Company. Right-of-use assets and lease liabilities consisted of the following (in thousands): May 31, August 31, 2021 2020 Assets: Operating lease right-of-use assets $ 9,158 $ 8,168 Liabilities: Current operating lease liabilities (1) 1,956 1,840 Long-term operating lease liabilities 7,344 6,520 Total operating lease liabilities $ 9,300 $ 8,360 (1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheet. The Company’s maturities of its operating lease liabilities, including early termination and renewal options that management is reasonably certain to exercise, are as follows (in thousands): Operating Leases Remainder of fiscal year 2021 $ 554 Fiscal year 2022 2,119 Fiscal year 2023 1,765 Fiscal year 2024 1,541 Fiscal year 2025 973 Thereafter 3,434 Total undiscounted future cash flows $ 10,386 Less: Interest ( 1,086 ) Present value of lease liabilities $ 9,300

Accrued And Other Liabilities

Accrued And Other Liabilities	9 Months Ended
	May 31, 2021
Accrued And Other Liabilities [Abstract]
Accrued And Other Liabilities	Note 7. Accrued and Other Liabilities Accrued liabilities consisted of the following (in thousands): May 31, August 31, 2021 2020 Accrued advertising and sales promotion expenses $ 12,853 $ 10,787 Accrued professional services fees 2,168 1,761 Accrued sales taxes and other taxes 2,002 1,751 Deferred revenue 2,202 1,446 Short-term operating lease liability 1,956 1,840 Other 3,547 4,075 Total $ 24,728 $ 21,660 Accrued payroll and related expenses consisted of the following (in thousands): May 31, August 31, 2021 2020 Accrued incentive compensation $ 11,811 $ 5,702 Accrued payroll 4,350 4,396 Accrued profit sharing 2,277 2,726 Accrued payroll taxes 2,454 1,446 Other 593 497 Total $ 21,485 $ 14,767

Debt

Debt	9 Months Ended
	May 31, 2021
Debt [Abstract]
Debt	Note 8. Debt As of May 31, 2021, the Company held borrowings under two separate agreements as detailed below. Note Purchase and Private Shelf Agreement The Company holds borrowings under its 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”). The Note Agreement has been amended three times, most recently on September 30, 2020 (the “Third Amendment”). The Third Amendment permitted the Company to enter into the first amendment of its existing amended and restated revolving credit agreement with Bank of America and also included certain conforming amendments to the credit agreement, including the revision of financial and restrictive covenants. Credit Agreement The Company’s Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America consists of a revolving commitment for borrowing by the Company up to $ 150.0 million with a sublimit of $ 100.0 million for WD-40 Company Limited, a wholly owned operating subsidiary of the Company for Europe, the Middle East, Africa and India. On September 30, 2020, the Company entered into a First Amendment to Credit Agreement (the “First Amendment to Credit Agreement”) with Bank of America. In addition to other non-material and technical amendments to the Credit Agreement, the First Amendment to Credit Agreement extended the maturity date from March 16, 2025 to September 30, 2025 , revised certain financial and restrictive covenants, increased the limitation amounts on other unsecured Indebtedness and Investments and adjusted the interest rates on subsequent borrowings under the Credit Agreement using a three-tier pricing approach tied to the Company’s Consolidated Leverage Ratio. Capitalized terms not otherwise defined in this report have the meaning given to such terms in the Credit Agreement. Short-term and long-term borrowings under the Company’s Credit Agreement and Note Agreement consisted of the following (in thousands): Maturities May 31, August 31, Issuance (calendar year) 2021 2020 Credit Agreement - revolving credit facility (1)(3) Various 9/30/2025 $ 48,098 $ 95,898 Note Agreement Series A Notes - 3.39 % fixed rate (2) 11/15/2017 2021 - 2032 17,200 18,000 Series B Notes - 2.50 % fixed rate (3) 9/30/2020 11/15/2027 26,000 - Series C Notes - 2.69 % fixed rate (3) 9/30/2020 11/15/2030 26,000 - Total borrowings 117,298 113,898 Short-term portion of borrowings ( 800 ) ( 800 ) Total long-term borrowings $ 116,498 $ 113,098 (1) The Company has the ability to refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has both the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of May 31, 2021, the entire balance on this facility is classified as long-term and only contains amounts denominated in Euros and Pound Sterling. Euro and Pound Sterling denominated draws will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates. (2) Principal payments are required semi-annually in May and November of each year in equal installments of $ 0.4 million through May 15, 2032 . The remaining outstanding principal in the amount of $ 8.4 million will become due on November 15, 2032 . (3) On September 30, 2020, the Company refinanced $ 50.0 million of existing draws under its Credit Agreement in the United States through the issuance of two new $ 26.0 million notes (“Series B Notes” and “Series C Notes”, respectively) under its Note Agreement. Interest on these new notes is payable semi-annually in May and November of each year with no principal due until the maturity date. The first interest payment on both the Series B and Series C Notes was paid in May 2021 . Both the Note Agreement and the 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, declare, make or incur obligations to make certain restricted payments, including the payment of dividends and payments for the repurchase of the Company’s capital stock and enter into certain merger or consolidation transactions. The Credit Agreement includes, among other limitations on indebtedness, a $ 125.0 million limit on other unsecured indebtedness. 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 to 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 and a half 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 May 31, 2021, the Company was in compliance with all debt covenants under both the Note Agreement and the Credit Agreement.

Share Repurchase Plan

Share Repurchase Plan	9 Months Ended
	May 31, 2021
Share Repurchase Plan [Abstract]
Share Repurchase Plan	Note 9. Share Repurchase Plan On April 8, 2020, the Company elected to suspend repurchases under its previously approved share buy-back plan, which subsequently expired on August 31, 2020. The Company made this election in order to preserve cash while it continued to monitor the long-term impacts of the COVID-19 pandemic. The Company will continue to evaluate future authorizations of share buy-backs. No repurchase transactions were made during the nine months ended May 31, 2021.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	May 31, 2021
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 10. Earnings per Common Share The table below reconciles net income to net income available to common shareholders (in thousands): Three Months Ended May 31, Nine Months Ended May 31, 2021 2020 2021 2020 Net income $ 21,006 $ 14,524 $ 61,820 $ 41,045 Less: Net income allocated to participating securities ( 73 ) ( 68 ) ( 247 ) ( 203 ) Net income available to common shareholders $ 20,933 $ 14,456 $ 61,573 $ 40,842 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 May 31, Nine Months Ended May 31, 2021 2020 2021 2020 Weighted-average common shares outstanding, basic 13,708 13,674 13,694 13,700 Weighted-average dilutive securities 38 26 33 27 Weighted-average common shares outstanding, diluted 13,746 13,700 13,727 13,727 For the three and nine months ended May 31, 2021, there were no anti-dilutive stock-based equity awards outstanding. For the three and nine months ended May 31, 2020, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 9,479 and 8,229 , respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.

Revenue Recognition

Revenue Recognition	9 Months Ended
	May 31, 2021
Revenue Recognition [Abstract]
Revenue Recognition	Note 11. Revenue Recognition The following paragraphs detail the Company’s revenue recognition policies and provide additional information used in its determination of net sales and contract balances under ASC 606. Revenue Recognition The Company generates revenue from sales of its products to customers in its Americas, EMEA and Asia-Pacific segments. Product sales for the Company include maintenance products and homecare and cleaning products. The Company recognizes revenue related to the sale of these products when it satisfies a performance obligation in an amount reflecting the consideration to which it expects to be entitled. Sales are recorded net of allowances for damaged goods and other sales returns, sales incentives, trade promotions and cash discounts. The Company applies a five-step approach in determining the amount and timing of revenue to be recognized which includes the following: (1) identifying the contract with a customer, (2) identifying the performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the performance obligations in the contract and (5) recognizing revenue when the performance obligation is satisfied. Contracts with customers are renewable periodically and contain terms and conditions with respect to payment, delivery, sales incentives, warranty and supply, but do not require mandatory purchase commitments. In the absence of a specific sales agreement with a customer, the Company’s standard terms and conditions at the time of acceptance of purchase orders apply to the sales transaction. The Company’s standard terms and conditions are either included in a standalone document or on the Company’s price lists or both, and these standard terms and conditions are provided to the customer prior to the sales transaction. The Company considers the customer purchase orders, governed by specific sales agreements or the Company’s standard terms and conditions, to be the contract with the customer. The Company considers each transaction to sell products as separate and distinct, with no additional promises made, and as a result, all of the Company's sales are single performance obligation arrangements for which the transaction price is equivalent to the stated price of the product, net of any variable consideration for items such as sales returns, discounts, rebates and other sales incentives. The Company recognizes sales at a point in time upon transferring control of its product to the customer. This typically occurs when products are shipped or delivered, depending on when risks of loss and title have passed to the customer per the terms of the contract. Taxes imposed by governmental authorities on the Company's revenue, such as sales taxes and value added taxes, are excluded from net sales. Sales commissions are paid to certain third parties based upon specific sales levels achieved during a defined time period. Since the Company’s contracts related to these sales commissions do not exceed one year, the Company has elected as a practical expedient to expense these payments as incurred. The Company also elected the practical expedient related to shipping and handling fees which allows the Company to account for freight costs as fulfillment activities instead of assessing such activities as performance obligations. The Company’s freight costs are sometimes paid by the customer, while other times, the freight costs are included in the sales price. The Company does not account for freight costs as a separate performance obligation, but rather as an activity performed to transfer the products to its customers. Variable Consideration - Sales Incentives In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment related to variable consideration to determine the net consideration to which the Company expects to be entitled. The Company records estimates of variable consideration, which primarily includes rebates/other discounts (cooperative marketing programs, volume-based discounts, shelf price reductions and allowances for shelf space, charges from customers for services they provided to us related to the sale and penalties/fines charged to us by customers associated with failing to adhere to contractual obligations), coupon offers, cash discount allowances, and sales returns, as a reduction of sales in its consolidated statements of operations. These estimates are based on the expected value method considering all reasonably available information, including current and past trade promotion spending patterns, status of trade promotion activities, the interpretation of historical spending trends by customer and category, customer agreements and/or currently known factors that arise in the normal course of business. The Company reviews its assumptions and adjusts these estimates accordingly on a quarterly basis. Rebates/Other Discounts — The Company offers various on-going trade promotion programs with customers and provides other discounts to customers that require management to estimate and accrue for the expected costs of such programs or discounts. These programs include cooperative marketing, volume-based discounts, shelf price reductions, consideration and allowances given to retailers for shelf space and/or favorable display positions in their stores and other promotional activities. Other discounts include items such as charges from customers for services they provide related to the sale of WD-40 Company products and penalties/fees associated with WD-40 Company failing to adhere to contractual obligations (e.g., errors on purchase orders, errors on shipment, late deliveries, etc.). Costs related to rebates, cooperative advertising and other promotional activities and other discounts are recorded as a reduction to sales upon delivery of the Company ’ s products to its customers. The Company had a $ 8.5 million and $ 7.5 million balance in rebate/other discount liabilities as of May 31, 2021 and August 31, 2020, respectively, which are included in accrued liabilities on the Company ’ s condensed consolidated balance sheets. The Company recorded approximately $ 7.5 million and $ 20.2 million in rebates/other discounts as a reduction to sales during the three and nine months ended May 31, 2021, respectively. Rebates/other discounts as a reduction to sales during the three and nine months ended May 31, 2020 were approximately $ 5.2 million and $ 14.6 million, respectively. Coupons — Coupon costs are based upon historical redemption rates and are recorded as a reduction to sales as incurred, which is when the coupons are circulated. Coupon redemption liabilities, which are included in accrued liabilities on the Company ’ s condensed consolidated balance sheets, were not significant at May 31, 2021 and August 31, 2020. Coupons recorded as a reduction to sales during the three and nine months ended May 31, 2021 and 2020, were also not significant. Cash discounts — The Company offers certain of its customers a cash discount program to incentivize them to pay the invoice earlier than the normal payment date on the invoice. Although payment terms vary, most customers typically pay within 30 to 90 days of invoicing. The Company had a $ 0.5 million balance in the allowance for cash discounts at both May 31, 2021 and August 31, 2020. The Company recorded approximately $ 1.3 million and $ 3.6 million in cash discounts as a reduction to sales during the three and nine months ended May 31, 2021, respectively. Cash discounts as a reduction to sales during the three and nine months ended May 31, 2020 were approximately $ 1.1 million and $ 3.1 million, respectively. Sales returns — The Company recognizes revenue net of allowances for estimated returns, which is based on historical return rates, with a corresponding reduction to cost of products sold. Although the Company typically does not have definitive sales return provisions included in the contract terms with its customers, when such provisions have been included, they have not been significant. The Company presents its provision for sales returns on a gross basis as a liability. The Company ’ s refund liability for sales returns is included in accrued liabilities and represents the amount expected to be owed to the customers for product returns. The Company’s refund liability for sales returns was not significant at both May 31, 2021 and August 31, 2020. The Company also records an asset for the value of inventory that represents the right to recover products from customers associated with sales returns. The value of this inventory is recorded to other current assets and the balance in this account associated with product returns was not significant at May 31, 2021 and August 31, 2020. Disaggregation of Revenue The Company's revenue is presented on a disaggregated basis in Note 14 – Business Segments and Foreign Operations included in this report. The Company discloses certain information about its business segments, which are determined consistent with the way the Company’s Chief Operating Decision Maker organizes and evaluates financial information internally for making operating decisions and assessing performance. The Chief Operating Decision Maker assesses and measures revenue based on geographic area and product groups. Contract Balances Contract liabilities consist of deferred revenue related to undelivered products. Deferred revenue is recorded when payments have been received from customers for undelivered products. Revenue is subsequently recognized when revenue recognition criteria are met, generally when control of the product transfers to the customer. The Company had contract liabilities of $ 2.2 million and $ 1.4 million as of May 31, 2021 and August 31, 2020, respectively. These contract liabilities are recorded in accrued liabilities on the Company ’ s condensed consolidated balance sheets. The Company did no t have any contract assets as of May 31, 2021 and August 31, 2020.

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	May 31, 2021
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 12. Commitments and Contingencies Purchase Commitments The Company has ongoing relationships with various suppliers (contract manufacturers) that manufacture the Company’s products and third-party distribution centers that warehouse and ship the Company’s products to customers. 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 has definitive minimum purchase obligations included in the contract terms with certain of its contract manufacturers, when such obligations have been included, they have either been immaterial or the minimum amounts have been such that they are well below the volume of goods that the Company has historically purchased. 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 months to six 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 May 31, 2021, no such commitments were outstanding. Litigation From time to time, the Company is subject to various claims, lawsuits, 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. Except as disclosed herein, there are no unasserted claims or pending proceedings for claims against the Company that the Company believes will result in a probable loss for the Company as of May 31, 2021. As to claims that the Company believes may result in a reasonably possible loss, the Company believes that no reasonably possible outcome of any such claim will have a materially adverse impact on the Company’s financial condition, results of operations or cash flows. On or about August 18, 2020, Benny Bong (“Bong”) filed a civil action against the Company and the Company’s wholly-owned subsidiary, WD-40 Manufacturing Company (“WD-40 Manufacturing”), in Indonesia in the Commercial District Court of Central Jakarta, case reference number 41 / Pdt.Sus-Merek / 2020 / PN.Niaga.Jkt.Pst. (the “Jakarta Litigation”). In April 2021, the Company and WD-40 Manufacturing, owner of the WD-40 brand trademarks, were served with Summons and Complaint for the Jakarta Litigation, in which Bong is seeking damages based on the Company’s enforcement actions against Bong following registration of a Get All-40 trademark that includes a yellow shield logo similar to the WD-40 brand shield logo. The complaint asserts claims for damages for more than $25.0 million, and a request for a public apology by the Company and WD-40 Manufacturing. The dispute underlying the Jakarta Litigation follows 2018 litigation filed by WD-40 Manufacturing, in which the Commercial District Court ordered cancellation of two earlier Get All-40 trademark registrations. In January 2021, WD-40 Manufacturing filed a new cancellation action seeking to invalidate the most recent Get All-40 trademark registration. The Company denies the allegations asserted by Bong and will vigorously defend itself in the Jakarta Litigation. The Company believes that an unfavorable outcome in the Jakarta Litigation is not probable. Due to the uncertainty as to the claims asserted by Bong for recovery of damages and as to future actions in the Jakarta Litigation, the Company is unable to estimate an amount of possible future loss or a range of possible loss. 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, 2020, which was filed with the SEC on October 21, 2020. 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 May 31, 2021 . 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 May 31, 2021 .

Income Taxes

Income Taxes	9 Months Ended
	May 31, 2021
Income Taxes [Abstract]
Income Taxes	Note 13. 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 21.9 % and 23.9 % of income before income taxes for the three months ended May 31 2021 and 2020, respectively. The decrease in the effective income tax rate from period to period was primarily due to higher earnings from foreign operations resulting in an increase in the benefit received from the application of the Foreign-Derived Intangible Income calculation, coupled with a one-time benefit received in fiscal year 2021 from an Investment Tax Credit. The provision for income taxes was 17.7 % and 19.1 % of income before income taxes for the nine months ended May 31, 2021 and 2020, respectively. The decrease in the effective income tax rate from period to period was primarily due to a benefit from the High Tax Exception associated with Global Intangible Low Taxed Income during the first half of fiscal year 2021, as well as an increase in excess earnings from foreign operations resulting in an increase in the benefit received from the application of the Foreign-Derived Intangible Income calculation. 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 2018 are not subject to examination by the U.S. Internal Revenue Service. Generally, for the majority of state and foreign jurisdictions where the Company does business, periods prior to fiscal year 2017 are no longer subject to examination . The Company is currently under audit in various state jurisdictions for fiscal years 2017 through 2019. Estimated unrecognized tax benefits related to income tax positions affected by the resolution of tax examinations or expiring statutes of limitation within the next twelve months were not significant. Audit outcomes and the timing of settlements are subject to significant uncertainty .

Business Segments And Foreign O

Business Segments And Foreign Operations	9 Months Ended
	May 31, 2021
Business Segments And Foreign Operations [Abstract]
Business Segments And Foreign Operations	Note 14. 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 business 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 May 31, 2021: Net sales $ 60,046 $ 58,587 $ 17,772 $ - $ 136,405 Income from operations $ 15,582 $ 15,288 $ 5,241 $ ( 8,790 ) $ 27,321 Depreciation and amortization expense $ 840 $ 810 $ 78 $ 80 $ 1,808 Interest income $ - $ - $ 21 $ - $ 21 Interest expense $ 489 $ 126 $ 1 $ - $ 615 May 31, 2020: Net sales $ 50,094 $ 32,521 $ 15,632 $ - $ 98,247 Income from operations $ 14,424 $ 7,180 $ 5,736 $ ( 7,528 ) $ 19,812 Depreciation and amortization expense $ 1,128 $ 724 $ 72 $ 32 $ 1,956 Interest income $ 2 $ 1 $ 17 $ - $ 20 Interest expense $ 635 $ 142 $ 1 $ - $ 778 Nine Months Ended: May 31, 2021: Net sales $ 160,390 $ 163,150 $ 49,329 $ - $ 372,869 Income from operations $ 40,564 $ 47,207 $ 15,488 $ ( 26,891 ) $ 76,368 Depreciation and amortization expense $ 2,426 $ 2,373 $ 229 $ 238 $ 5,266 Interest income $ 1 $ 5 $ 53 $ - $ 59 Interest expense $ 1,435 $ 356 $ 4 $ - $ 1,795 May 31, 2020: Net sales $ 143,672 $ 113,519 $ 39,661 $ - $ 296,852 Income from operations $ 36,404 $ 26,354 $ 12,044 $ ( 22,101 ) $ 52,701 Depreciation and amortization expense $ 3,510 $ 2,099 $ 222 $ 149 $ 5,980 Interest income $ 15 $ 2 $ 56 $ - $ 73 Interest expense $ 1,367 $ 442 $ 4 $ - $ 1,813 (1) Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business 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 May 31, Nine Months Ended May 31, 2021 2020 2021 2020 Maintenance products $ 127,374 $ 87,859 $ 344,446 $ 268,676 Homecare and cleaning products 9,031 10,388 28,423 28,176 Total $ 136,405 $ 98,247 $ 372,869 $ 296,852

Subsequent Events

Subsequent Events	9 Months Ended
	May 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events On June 15, 2021, the Company’s Board of Directors declared a cash dividend of $ 0.72 per share payable on July 30, 2021 to shareholders of record on July 16 , 2021 .

Basis Of Presentation And Sum_2

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)	9 Months Ended
	May 31, 2021
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, 2020 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 , 2020, which was filed with the SEC on October 21, 2020. 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.
COVID-19 Considerations	COVID-19 Considerations The COVID-19 pandemic has adversely impacted global economic conditions and has contributed to significant volatility in financial markets beginning in early calendar year 2020, as described in the “ Impact of COVID-19 on Our Business ” section included in Part I – Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Although the Company’s current estimates contemplate current conditions, the inputs into certain of the Company’s significant and critical accounting estimates include judgments and assumptions about the economic implications of the COVID-19 pandemic and how management expects them to change in the future, as appropriate. It is reasonably possible that actual results experienced may differ materially from the Company’s estimates in future periods, which could materially affect our results of operations and financial condition.
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 utilizes foreign currency forward contracts to limit its exposure to net asset balances held in non-functional currencies, primarily at its U.K. subsidiary. 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 May 31, 2021, the Company had a notional amount of $ 15.8 million outstanding in foreign currency forward contracts, which matured on June 29, 2021 . Unrealized net gains and losses related to foreign currency forward contracts were no t significant at May 31, 2021 and August 31, 2020 . Realized net gains and losses related to foreign currency forward contracts were no t significant for both the three months ended May 31, 2021 and 2020. Realized net gains and losses related to foreign currency forward contracts were no t significant for both the nine months ended May 31, 2021 and 2020. Both unrealized and realized net gains and losses are recorded in other income (expense), net on the Company’s condensed consolidated statements of operations.
Fair Value Of Financial Instruments	Fair Value of Financial Instruments 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 May 31, 2021, 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 and short-term borrowings are recorded at cost, which approximates their fair values, primarily due to their short-term nature. In addition, the carrying value of borrowings held under the Company’s revolving credit facility approximates fair value, based on Level 2 inputs, due to the variable nature of underlying interest rates, which generally reflect market conditions. The Company’s fixed rate long-term borrowings consist of senior notes and are recorded at carrying value. The Company estimates that the fair value of its senior notes, based on Level 2 inputs, was approximately $ 66.4 million as of May 31, 2021, which was determined based on a discounted cash flow analysis using current market interest rates for instruments with similar terms, compared to their carrying value of $ 69.2 million . During the nine months ended May 31, 2021, the Company did no t 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 December 2019, the FASB issued ASU No. 2019-12, “ Simplifying the Accounting for Income Taxes ” under ASC 740, which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and amends existing guidance to improve consistent application. This guidance is effective for fiscal years beginning after December 15, 2020, including interim periods within that fiscal year. Early adoption is permitted. The Company is in the process of evaluating the impacts of this guidance on its consolidated financial statements and related disclosures .

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	May 31, 2021
Inventories [Abstract]
Schedule Of Inventories	May 31, August 31, 2021 2020 Product held at third-party contract manufacturers $ 6,085 $ 4,393 Raw materials and components 8,417 5,034 Work-in-process 1,263 385 Finished goods 32,003 31,452 Total $ 47,768 $ 41,264

Property And Equipment (Tables)

Property And Equipment (Tables)	9 Months Ended
	May 31, 2021
Property And Equipment [Abstract]
Schedule Of Property And Equipment, Net	May 31, August 31, 2021 2020 Machinery, equipment and vehicles $ 22,581 $ 20,434 Buildings and improvements 29,936 28,271 Computer and office equipment 5,852 5,420 Software 10,844 9,959 Furniture and fixtures 2,835 2,641 Capital in progress 28,848 21,939 Land 4,441 4,374 Subtotal 105,337 93,038 Less: accumulated depreciation and amortization ( 36,369 ) ( 32,279 ) Total $ 68,968 $ 60,759

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	9 Months Ended
	May 31, 2021
Goodwill And Other Intangible Assets [Abstract]
Summary Of Changes In Carrying Amounts Of Goodwill	Americas EMEA Asia-Pacific Total Balance as of August 31, 2020 $ 85,461 $ 9,060 $ 1,210 $ 95,731 Translation adjustments 32 255 ( 1 ) 286 Balance as of May 31, 2021 $ 85,493 $ 9,315 $ 1,209 $ 96,017
Summary Of Definite-Lived Intangible Assets	May 31, August 31, 2021 2020 Gross carrying amount $ 36,971 $ 36,363 Accumulated amortization ( 29,306 ) ( 27,730 ) Net carrying amount $ 7,665 $ 8,633
Summary Of Changes In Carrying Amounts Of Definite-Lived Intangible Assets By Segment	Americas EMEA Asia-Pacific Total Balance as of August 31, 2020 $ 6,553 $ 2,080 $ - $ 8,633 Amortization expense ( 793 ) ( 291 ) - ( 1,084 ) Translation adjustments - 116 - 116 Balance as of May 31, 2021 $ 5,760 $ 1,905 $ - $ 7,665
Schedule Of Future Estimated Amortization Expense	Trade Names Customer-Based Remainder of fiscal year 2021 $ 321 $ 45 Fiscal year 2022 1,285 181 Fiscal year 2023 1,038 - Fiscal year 2024 1,033 - Fiscal year 2025 950 - Thereafter 2,812 - Total $ 7,439 $ 226

Leases (Tables)

Leases (Tables)	9 Months Ended
	May 31, 2021
Leases [Abstract]
Right-Of-Use Assets And Lease Liabilities	May 31, August 31, 2021 2020 Assets: Operating lease right-of-use assets $ 9,158 $ 8,168 Liabilities: Current operating lease liabilities (1) 1,956 1,840 Long-term operating lease liabilities 7,344 6,520 Total operating lease liabilities $ 9,300 $ 8,360 (1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheet.
Future Minimum Rental Payments	Operating Leases Remainder of fiscal year 2021 $ 554 Fiscal year 2022 2,119 Fiscal year 2023 1,765 Fiscal year 2024 1,541 Fiscal year 2025 973 Thereafter 3,434 Total undiscounted future cash flows $ 10,386 Less: Interest ( 1,086 ) Present value of lease liabilities $ 9,300

Accrued And Other Liabilities (

Accrued And Other Liabilities (Tables)	9 Months Ended
	May 31, 2021
Accrued And Other Liabilities [Abstract]
Schedule Of Accrued Liabilities	May 31, August 31, 2021 2020 Accrued advertising and sales promotion expenses $ 12,853 $ 10,787 Accrued professional services fees 2,168 1,761 Accrued sales taxes and other taxes 2,002 1,751 Deferred revenue 2,202 1,446 Short-term operating lease liability 1,956 1,840 Other 3,547 4,075 Total $ 24,728 $ 21,660
Schedule Of Accrued Payroll And Related Expenses	May 31, August 31, 2021 2020 Accrued incentive compensation $ 11,811 $ 5,702 Accrued payroll 4,350 4,396 Accrued profit sharing 2,277 2,726 Accrued payroll taxes 2,454 1,446 Other 593 497 Total $ 21,485 $ 14,767

Debt (Tables)

Debt (Tables)	9 Months Ended
	May 31, 2021
Debt [Abstract]
Schedule Of Short-term And Long-term Borrowings	Maturities May 31, August 31, Issuance (calendar year) 2021 2020 Credit Agreement - revolving credit facility (1)(3) Various 9/30/2025 $ 48,098 $ 95,898 Note Agreement Series A Notes - 3.39 % fixed rate (2) 11/15/2017 2021 - 2032 17,200 18,000 Series B Notes - 2.50 % fixed rate (3) 9/30/2020 11/15/2027 26,000 - Series C Notes - 2.69 % fixed rate (3) 9/30/2020 11/15/2030 26,000 - Total borrowings 117,298 113,898 Short-term portion of borrowings ( 800 ) ( 800 ) Total long-term borrowings $ 116,498 $ 113,098 (1) The Company has the ability to refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has both the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of May 31, 2021, the entire balance on this facility is classified as long-term and only contains amounts denominated in Euros and Pound Sterling. Euro and Pound Sterling denominated draws will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates. (2) Principal payments are required semi-annually in May and November of each year in equal installments of $ 0.4 million through May 15, 2032 . The remaining outstanding principal in the amount of $ 8.4 million will become due on November 15, 2032 . (3) On September 30, 2020, the Company refinanced $ 50.0 million of existing draws under its Credit Agreement in the United States through the issuance of two new $ 26.0 million notes (“Series B Notes” and “Series C Notes”, respectively) under its Note Agreement. Interest on these new notes is payable semi-annually in May and November of each year with no principal due until the maturity date. The first interest payment on both the Series B and Series C Notes was paid in May 2021 .

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	May 31, 2021
Earnings Per Common Share [Abstract]
Schedule Of Reconciliation Of Net Income To Net Income Available To Common Shareholders	Three Months Ended May 31, Nine Months Ended May 31, 2021 2020 2021 2020 Net income $ 21,006 $ 14,524 $ 61,820 $ 41,045 Less: Net income allocated to participating securities ( 73 ) ( 68 ) ( 247 ) ( 203 ) Net income available to common shareholders $ 20,933 $ 14,456 $ 61,573 $ 40,842
Schedule Of Weighted Average Number Of Shares	Three Months Ended May 31, Nine Months Ended May 31, 2021 2020 2021 2020 Weighted-average common shares outstanding, basic 13,708 13,674 13,694 13,700 Weighted-average dilutive securities 38 26 33 27 Weighted-average common shares outstanding, diluted 13,746 13,700 13,727 13,727

Business Segments And Foreign_2

Business Segments And Foreign Operations (Tables)	9 Months Ended
	May 31, 2021
Business Segments And Foreign Operations [Abstract]
Summarized Information By Reportable Segments	Unallocated For the Three Months Ended Americas EMEA Asia-Pacific Corporate (1) Total May 31, 2021: Net sales $ 60,046 $ 58,587 $ 17,772 $ - $ 136,405 Income from operations $ 15,582 $ 15,288 $ 5,241 $ ( 8,790 ) $ 27,321 Depreciation and amortization expense $ 840 $ 810 $ 78 $ 80 $ 1,808 Interest income $ - $ - $ 21 $ - $ 21 Interest expense $ 489 $ 126 $ 1 $ - $ 615 May 31, 2020: Net sales $ 50,094 $ 32,521 $ 15,632 $ - $ 98,247 Income from operations $ 14,424 $ 7,180 $ 5,736 $ ( 7,528 ) $ 19,812 Depreciation and amortization expense $ 1,128 $ 724 $ 72 $ 32 $ 1,956 Interest income $ 2 $ 1 $ 17 $ - $ 20 Interest expense $ 635 $ 142 $ 1 $ - $ 778 Nine Months Ended: May 31, 2021: Net sales $ 160,390 $ 163,150 $ 49,329 $ - $ 372,869 Income from operations $ 40,564 $ 47,207 $ 15,488 $ ( 26,891 ) $ 76,368 Depreciation and amortization expense $ 2,426 $ 2,373 $ 229 $ 238 $ 5,266 Interest income $ 1 $ 5 $ 53 $ - $ 59 Interest expense $ 1,435 $ 356 $ 4 $ - $ 1,795 May 31, 2020: Net sales $ 143,672 $ 113,519 $ 39,661 $ - $ 296,852 Income from operations $ 36,404 $ 26,354 $ 12,044 $ ( 22,101 ) $ 52,701 Depreciation and amortization expense $ 3,510 $ 2,099 $ 222 $ 149 $ 5,980 Interest income $ 15 $ 2 $ 56 $ - $ 73 Interest expense $ 1,367 $ 442 $ 4 $ - $ 1,813 (1) Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business 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 May 31, Nine Months Ended May 31, 2021 2020 2021 2020 Maintenance products $ 127,374 $ 87,859 $ 344,446 $ 268,676 Homecare and cleaning products 9,031 10,388 28,423 28,176 Total $ 136,405 $ 98,247 $ 372,869 $ 296,852

Basis Of Presentation And Sum_3

Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020	Aug. 31, 2020
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Realized foreign currency transactions	$ 0	$ 0	$ 0	$ 0
Unrealized foreign currency transactions			529,000	$ (30,000)
Carrying value of senior notes	116,498,000		116,498,000		$ 113,098,000
Assets	427,887,000		427,887,000		362,637,000
Liabilities	225,255,000		225,255,000		202,324,000
Foreign Currency Forward Contracts [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Foreign currency forward contracts outstanding	15,800,000		$ 15,800,000
Foreign currency forward contracts, Maturity date			Jun. 29, 2021
Unrealized foreign currency transactions			$ 0		$ 0
Level 2 [Member] | Recurring [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Assets	0		0
Liabilities	0		0
Level 2 [Member] | Nonrecurring [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Assets	0		0
Liabilities	0		0
Senior Notes [Member] | Level 2 [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Fair value of senior notes	66,400,000		66,400,000
Carrying value of senior notes	$ 69,200,000		$ 69,200,000

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Inventories [Abstract]
Product held at third-party contract manufacturers	$ 6,085	$ 4,393
Raw materials and components	8,417	5,034
Work-in-process	1,263	385
Finished goods	32,003	31,452
Total	$ 47,768	$ 41,264

Property And Equipment (Schedul

Property And Equipment (Schedule Of Property And Equipment, Net) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Property Plant And Equipment [Line Items]
Subtotal	$ 105,337	$ 93,038
Less: accumulated depreciation and amortization	(36,369)	(32,279)
Total	68,968	60,759
Machinery, Equipment And Vehicles [Member]
Property Plant And Equipment [Line Items]
Subtotal	22,581	20,434
Buildings And Improvements [Member]
Property Plant And Equipment [Line Items]
Subtotal	29,936	28,271
Computer And Office Equipment [Member]
Property Plant And Equipment [Line Items]
Subtotal	5,852	5,420
Software [Member]
Property Plant And Equipment [Line Items]
Subtotal	10,844	9,959
Furniture And Fixtures [Member]
Property Plant And Equipment [Line Items]
Subtotal	2,835	2,641
Capital In Progress [Member]
Property Plant And Equipment [Line Items]
Subtotal	28,848	21,939
Land [Member]
Property Plant And Equipment [Line Items]
Subtotal	$ 4,441	$ 4,374

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets (Narrative) (Details)	9 Months Ended
	May 31, 2021USD ($)
Goodwill And Other Intangible Assets [Abstract]
Impairment charges	$ 0

Goodwill And Other Intangible_4

Goodwill And Other Intangible Assets (Summary Of Changes In Carrying Amounts Of Goodwill) (Details) $ in Thousands	9 Months Ended
	May 31, 2021USD ($)
Goodwill [Line Items]
Balance, beginning	$ 95,731
Translation adjustments	286
Balance, ending	96,017
Americas [Member]
Goodwill [Line Items]
Balance, beginning	85,461
Translation adjustments	32
Balance, ending	85,493
EMEA [Member]
Goodwill [Line Items]
Balance, beginning	9,060
Translation adjustments	255
Balance, ending	9,315
Asia-Pacific [Member]
Goodwill [Line Items]
Balance, beginning	1,210
Translation adjustments	(1)
Balance, ending	$ 1,209

Goodwill And Other Intangible_5

Goodwill And Other Intangible Assets (Summary Of Definite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Goodwill And Other Intangible Assets [Abstract]
Gross carrying amount	$ 36,971	$ 36,363
Accumulated amortization	(29,306)	(27,730)
Net carrying amount	$ 7,665	$ 8,633

Goodwill And Other Intangible_6

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		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Finite-Lived Intangible Assets [Line Items]
Beginning balance			$ 8,633
Amortization expense	$ (364)	$ (552)	(1,084)	$ (1,856)
Translation adjustments			116
Ending balance	7,665		7,665
Americas [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance			6,553
Amortization expense			(793)
Translation adjustments
Ending balance	5,760		5,760
EMEA [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance			2,080
Amortization expense			(291)
Translation adjustments			116
Ending balance	1,905		1,905
Asia-Pacific [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance
Amortization expense
Translation adjustments
Ending balance

Goodwill And Other Intangible_7

Goodwill And Other Intangible Assets (Schedule Of Future Estimated Amortization Expense) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Net carrying amount	$ 7,665	$ 8,633
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2021	321
Fiscal year 2022	1,285
Fiscal year 2023	1,038
Fiscal year 2024	1,033
Fiscal year 2025	950
Thereafter	2,812
Net carrying amount	7,439
Customer-Based [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of fiscal year 2021	45
Fiscal year 2022	181
Net carrying amount	$ 226

Leases (Narrative) (Details)

Leases (Narrative) (Details)	3 Months Ended		9 Months Ended
	May 31, 2021USD ($)	May 31, 2020USD ($)	May 31, 2021USD ($)item	May 31, 2020USD ($)
Leases [Abstract]
Short term lease			$ 0
Additional right-of-use assets			1,900,000	$ 0
Lease expense	$ 500,000	$ 500,000	1,500,000	1,500,000
Lease payments	$ 500,000	$ 500,000	$ 1,600,000	$ 1,500,000
Weighted-average lease term	6 years 10 months 24 days		6 years 10 months 24 days
Weighted-average discount rate	2.90%		2.90%
Number of leases not yet commenced | item			0

Leases (Right-Of-Use Assets And

Leases (Right-Of-Use Assets And Lease Liabilities) (Details) - USD ($) $ in Thousands		May 31, 2021	Aug. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets		$ 9,158	$ 8,168
Current operating lease liabilities	[1]	1,956	1,840
Long-term operating lease liabilities		7,344	6,520
Total operating lease liabilities		$ 9,300	$ 8,360
[1]	Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheet.

Leases (Future Minimum Rental P

Leases (Future Minimum Rental Payments) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Leases [Abstract]
Remainder of fiscal year 2021	$ 554
Fiscal year 2022	2,119
Fiscal year 2023	1,765
Fiscal year 2024	1,541
Fiscal year 2025	973
Thereafter	3,434
Total undiscounted future cash flows	10,386
Less: Interest	(1,086)
Total operating lease liabilities	$ 9,300	$ 8,360

Accrued And Other Liabilities_2

Accrued And Other Liabilities (Schedule Of Accrued Liabilities) (Details) - USD ($) $ in Thousands		May 31, 2021	Aug. 31, 2020
Accrued And Other Liabilities [Abstract]
Accrued advertising and sales promotion expenses		$ 12,853	$ 10,787
Accrued professional services fees		2,168	1,761
Accrued sales taxes and other taxes		2,002	1,751
Deferred revenue		2,202	1,446
Short-term operating lease liability	[1]	1,956	1,840
Other		3,547	4,075
Total		$ 24,728	$ 21,660
[1]	Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheet.

Accrued And Other Liabilities_3

Accrued And Other Liabilities (Schedule Of Accrued Payroll And Related Expenses) (Details) - USD ($) $ in Thousands	May 31, 2021	Aug. 31, 2020
Accrued And Other Liabilities [Abstract]
Accrued incentive compensation	$ 11,811	$ 5,702
Accrued payroll	4,350	4,396
Accrued profit sharing	2,277	2,726
Accrued payroll taxes	2,454	1,446
Other	593	497
Total	$ 21,485	$ 14,767

Debt (Narrative) (Details)

Debt (Narrative) (Details)	9 Months Ended
	May 31, 2021USD ($)agreement
Debt Instrument [Line Items]
Number of agreements | agreement	2
Other Unsecured Debt [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 125,000,000
Note Agreement and the Credit Agreement [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	3.5
Consolidated interest coverage ratio	3
Credit Agreement - Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 150,000,000
Revolving credit facility, expiration date	Sep. 30, 2025
Credit Agreement - Revolving Credit Facility [Member] | Prior to Amendment [Member]
Debt Instrument [Line Items]
Revolving credit facility, expiration date	Mar. 16, 2025
Europe, The Middle East, Africa And India Subsidiary [Member] | Credit Agreement - Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 100,000,000

Debt (Schedule Of Short-term An

Debt (Schedule Of Short-term And Long-term Borrowings) (Details)		1 Months Ended	9 Months Ended
		Sep. 30, 2020USD ($)	May 31, 2021USD ($)agreement	Aug. 31, 2020USD ($)
Debt Instrument [Line Items]
Total Borrowings			$ 117,298,000	$ 113,898,000
Short-term portion of borrowings			(800,000)	(800,000)
Long-term borrowings			$ 116,498,000	113,098,000
Number of agreements | agreement			2
Line of credit		$ 50,000,000
Series A Notes [Member]
Debt Instrument [Line Items]
Issuance	[1]		Nov. 15, 2017
Maturity date			Nov. 15, 2032
Interest rate			3.39%
Total Borrowings	[1]		$ 17,200,000	18,000,000
Principal payment frequency of periodic payment			semi-annually
Periodic payment amount			$ 400,000
Periodic principal maturity			May 15, 2032
Remaining principal payment			$ 8,400,000
Series B Notes [Member]
Debt Instrument [Line Items]
Issuance	[2]		Sep. 30, 2020
Maturity date	[2]		Nov. 15, 2027
Interest rate			2.50%
Total Borrowings	[2]		$ 26,000,000
Principal amount		26,000,000
Series C Notes [Member]
Debt Instrument [Line Items]
Issuance	[2]		Sep. 30, 2020
Maturity date	[2]		Nov. 15, 2030
Interest rate			2.69%
Total Borrowings	[2]		$ 26,000,000
Principal amount		$ 26,000,000
Series B and Series C Notes [Member]
Debt Instrument [Line Items]
Principal payment frequency of periodic payment			semi-annually
Date of first interest payment		2021-05
Credit Agreement - Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	[2],[3]		Sep. 30, 2025
Total Borrowings	[2],[3]		$ 48,098,000	$ 95,898,000
Minimum [Member] | Series A Notes [Member]
Debt Instrument [Line Items]
Maturity year			2021
Maximum [Member] | Series A Notes [Member]
Debt Instrument [Line Items]
Maturity year			2032
[1]	Principal payments are required semi-annually in May and November of each year in equal installments of $ 0.4 million through May 15, 2032 . The remaining outstanding principal in the amount of $ 8.4 million will become due on November 15, 2032 .
[2]	On September 30, 2020, the Company refinanced $ 50.0 million of existing draws under its Credit Agreement in the United States through the issuance of two new $ 26.0 million notes (“Series B Notes” and “Series C Notes”, respectively) under its Note Agreement. Interest on these new notes is payable semi-annually in May and November of each year with no principal due until the maturity date. The first interest payment on both the Series B and Series C Notes was paid in May 2021 .
[3]	The Company has the ability to refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has both the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of May 31, 2021, the entire balance on this facility is classified as long-term and only contains amounts denominated in Euros and Pound Sterling. Euro and Pound Sterling denominated draws will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates.

Share Repurchase Plan (Narrativ

Share Repurchase Plan (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	May 31, 2021	May 31, 2020
Equity, Class of Treasury Stock [Line Items]
Total cost of repurchased shares		$ 16,825
2021 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Total cost of repurchased shares	$ 0

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Earnings Per Common Share [Abstract]
Anti-dilutive stock options outstanding	0	9,479	0	8,229

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						9 Months Ended
	May 31, 2021	Feb. 28, 2021	Nov. 30, 2020	May 31, 2020	Feb. 29, 2020	Nov. 30, 2019	May 31, 2021	May 31, 2020
Earnings Per Common Share [Abstract]
Net income	$ 21,006	$ 17,191	$ 23,623	$ 14,524	$ 14,327	$ 12,194	$ 61,820	$ 41,045
Less: Net income allocated to participating securities	(73)			(68)			(247)	(203)
Net income available to common shareholders	$ 20,933			$ 14,456			$ 61,573	$ 40,842

Earnings Per Common Share (Sc_2

Earnings Per Common Share (Schedule Of Weighted Average Number Of Shares) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Earnings Per Common Share [Abstract]
Weighted-average common shares outstanding, basic	13,708	13,674	13,694	13,700
Weighted-average dilutive securities	38	26	33	27
Weighted-average common shares outstanding, diluted	13,746	13,700	13,727	13,727

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020	Aug. 31, 2020
Disaggregation of Revenue [Line Items]
Accrued liabilities	$ 24,728,000		$ 24,728,000		$ 21,660,000
Reduction to revenue	136,405,000	$ 98,247,000	372,869,000	$ 296,852,000
Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Contract liabilities	2,200,000		2,200,000		1,400,000
Contract assets	0		0		0
Accounting Standards Update 2014-09 [Member] | Rebate [Member]
Disaggregation of Revenue [Line Items]
Accrued liabilities	8,500,000		8,500,000		7,500,000
Reduction to revenue	(7,500,000)	(5,200,000)	(20,200,000)	(14,600,000)
Accounting Standards Update 2014-09 [Member] | Cash Discounts [Member]
Disaggregation of Revenue [Line Items]
Reduction to revenue	(1,300,000)	$ (1,100,000)	(3,600,000)	$ (3,100,000)
Allowance for cash discount	$ 500,000		$ 500,000		$ 500,000

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)	9 Months Ended
	May 31, 2021USD ($)
Purchase Commitment [Member]
Loss Contingencies [Line Items]
Commitment outstanding	$ 0
Indemnification Agreement 2 [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
Minimum [Member] | Purchase Commitment [Member]
Loss Contingencies [Line Items]
Purchase commitment period	2 months
Maximum [Member] | Purchase Commitment [Member]
Loss Contingencies [Line Items]
Purchase commitment period	6 months

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Income Taxes [Abstract]
Provision for income taxes	21.90%	23.90%	17.70%	19.10%

Business Segments and Foreign_3

Business Segments and Foreign Operations (Summarized Information By Reportable Segments) (Details) $ in Thousands		3 Months Ended		9 Months Ended
		May 31, 2021USD ($)	May 31, 2020USD ($)	May 31, 2021USD ($)item	May 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | item				3
Net sales		$ 136,405	$ 98,247	$ 372,869	$ 296,852
Income from operations		27,321	19,812	76,368	52,701
Depreciation and amortization expense		1,808	1,956	5,266	5,980
Interest income		21	20	59	73
Interest expense		615	778	1,795	1,813
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Income from operations	[1]	(8,790)	(7,528)	(26,891)	(22,101)
Depreciation and amortization expense	[1]	80	32	238	149
Americas Segment [Member]
Segment Reporting Information [Line Items]
Net sales		60,046	50,094	160,390	143,672
Income from operations		15,582	14,424	40,564	36,404
Depreciation and amortization expense		840	1,128	2,426	3,510
Interest income			2	1	15
Interest expense		489	635	1,435	1,367
EMEA Segments [Member]
Segment Reporting Information [Line Items]
Net sales		58,587	32,521	163,150	113,519
Income from operations		15,288	7,180	47,207	26,354
Depreciation and amortization expense		810	724	2,373	2,099
Interest income			1	5	2
Interest expense		126	142	356	442
Asia-Pacific Segment [Member]
Segment Reporting Information [Line Items]
Net sales		17,772	15,632	49,329	39,661
Income from operations		5,241	5,736	15,488	12,044
Depreciation and amortization expense		78	72	229	222
Interest income		21	17	53	56
Interest expense		$ 1	$ 1	$ 4	$ 4
[1]	Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business 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 Foreign_4

Business Segments And Foreign Operations (Schedule Of Net Sales By Product Group) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2021	May 31, 2020	May 31, 2021	May 31, 2020
Revenue from External Customer [Line Items]
Net sales	$ 136,405	$ 98,247	$ 372,869	$ 296,852
Maintenance Products [Member]
Revenue from External Customer [Line Items]
Net sales	127,374	87,859	344,446	268,676
Homecare And Cleaning Products [Member]
Revenue from External Customer [Line Items]
Net sales	$ 9,031	$ 10,388	$ 28,423	$ 28,176

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Subsequent Events [Member]	Jun. 15, 2021$ / shares
Subsequent Events [Line Items]
Cash dividend declared	$ 0.72
Dividends payable, date to be paid	Jul. 30, 2021
Dividend payable, record date	Jul. 16, 2021