WD-40 (WDFC) 10-Q 6 Jan 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Nov. 30, 2021	Jan. 03, 2022
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Amendment Flag	false
Document Period End Date	Nov. 30, 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	2022
Document Fiscal Period Focus	Q1
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		13,687,367

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2021	Aug. 31, 2021
Current assets:
Cash and cash equivalents	$ 59,519	$ 85,961
Trade and other accounts receivable, less allowance for doubtful accounts of $451 and $463 at November 30, 2021 and August 31, 2021, respectively	95,542	89,558
Inventories	67,875	55,752
Other current assets	10,392	9,948
Total current assets	233,328	241,219
Property and equipment, net	68,980	70,145
Goodwill	95,723	95,869
Other intangible assets, net	6,828	7,244
Operating lease right-of-use assets	8,528	8,824
Deferred tax assets, net	840	858
Other assets	7,212	6,044
Total assets	421,439	430,203
Current liabilities:
Accounts payable	35,303	33,499
Accrued liabilities	26,214	25,658
Accrued payroll and related expenses	18,096	25,662
Short-term borrowings	800	800
Income taxes payable	645	317
Total current liabilities	81,058	85,936
Long-term borrowings	112,729	114,940
Deferred tax liabilities, net	11,066	10,401
Long-term operating lease liabilities	6,722	7,062
Other long-term liabilities	11,466	11,482
Total liabilities	223,041	229,821
Commitments and Contingencies (Note 11)
Shareholders' equity:
Common stock - authorized 36,000,000 shares, $0.001 par value; 19,886,937 and 19,856,865 shares issued at November 30, 2021 and August 31, 2021, respectively; and 13,707,038 and 13,708,966 shares outstanding at November 30, 2021 and August 31, 2021, respectively	20	20
Additional paid-in capital	162,382	163,737
Retained earnings	439,385	430,735
Accumulated other comprehensive loss	(27,923)	(26,030)
Common stock held in treasury, at cost - 6,179,899 and 6,147,899 shares at November 30, 2021 and August 31, 2021, respectively	(375,466)	(368,080)
Total shareholders' equity	198,398	200,382
Total liabilities and shareholders' equity	$ 421,439	$ 430,203

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2021	Aug. 31, 2021
Condensed Consolidated Balance Sheets [Abstract]
Trade and other accounts receivable, less allowance for doubtful accounts	$ 451	$ 463
Common stock, shares authorized	36,000,000	36,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	19,886,937	19,856,865
Common stock, shares outstanding	13,707,038	13,708,966
Treasury stock, shares	6,179,899	6,147,899

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Condensed Consolidated Statements Of Operations [Abstract]
Net sales	$ 134,746	$ 124,559
Cost of products sold	66,276	54,313
Gross profit	68,470	70,246
Operating expenses:
Selling, general and administrative	38,423	35,977
Advertising and sales promotion	5,624	5,519
Amortization of definite-lived intangible assets	363	358
Total operating expenses	44,410	41,854
Income from operations	24,060	28,392
Other income (expense):
Interest income	25	19
Interest expense	(620)	(570)
Other income (expense), net	(329)	179
Income before income taxes	23,136	28,020
Provision for income taxes	4,581	4,397
Net income	$ 18,555	$ 23,623
Earnings per common share:
Basic	$ 1.35	$ 1.72
Diluted	$ 1.34	$ 1.72
Shares used in per share calculations:
Basic	13,716	13,675
Diluted	13,752	13,706

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 18,555	$ 23,623
Other comprehensive income (loss):
Foreign currency translation adjustment	(1,893)	588
Total comprehensive income	$ 16,662	$ 24,211

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, 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
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, 2021	$ 20	163,737	430,735	(26,030)	$ (368,080)	$ 200,382
Beginning balance, shares at Aug. 31, 2021	19,856,865				6,147,899	13,708,966
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes		(4,246)				$ (4,246)
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	30,072
Stock-based compensation		2,891				2,891
Cash dividends			(9,905)			(9,905)
Acquisition of treasury stock					$ (7,386)	(7,386)
Acquisition of treasury stock, shares					32,000
Foreign currency translation adjustment				(1,893)		(1,893)
Net income			18,555			18,555
Ending balance at Nov. 30, 2021	$ 20	$ 162,382	$ 439,385	$ (27,923)	$ (375,466)	$ 198,398
Ending balance, shares at Nov. 30, 2021	19,886,937				6,179,899	13,707,038

CONDENSED CONSOLIDATED STATEM_4

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

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Nov. 30, 2021	Nov. 30, 2021	Nov. 30, 2020	Aug. 31, 2021
Operating activities:
Net income		$ 18,555	$ 23,623
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		1,987	1,700
Net losses (gains) on sales and disposals of property and equipment		9	(55)
Deferred income taxes		738	236
Stock-based compensation		2,891	2,665
Unrealized foreign currency exchange losses		541	52
Provision for bad debts		30	124
Changes in assets and liabilities:
Trade and other accounts receivable		(7,980)	(9,936)
Inventories		(13,054)	(345)
Other assets		(1,793)	(1,304)
Operating lease assets and liabilities, net		2	6
Accounts payable and accrued liabilities		4,126	4,590
Accrued payroll and related expenses		(7,324)	624
Other long-term liabilities and income taxes payable		325	1,941
Net cash (used in) provided by operating activities		(947)	23,921
Investing activities:
Purchases of property and equipment		(2,434)	(3,812)
Proceeds from sales of property and equipment		72	142
Net cash used in investing activities		(2,362)	(3,670)
Financing activities:
Treasury stock purchases	$ (7,400)	(7,386)
Dividends paid		(9,905)	(9,199)
Proceeds from issuance of long-term senior notes			52,000
Repayments of long-term senior notes		(400)	(400)
Net repayments of revolving credit facility			(50,000)
Shares withheld to cover taxes upon conversions of equity awards		(4,246)	(3,490)
Net cash used in financing activities		(21,937)	(11,089)
Effect of exchange rate changes on cash and cash equivalents		(1,196)	220
Net (decrease) increase in cash and cash equivalents		(26,442)	9,382
Cash and cash equivalents at beginning of period		85,961	56,462	$ 56,462
Cash and cash equivalents at end of period	$ 59,519	59,519	65,844	$ 85,961
Supplemental disclosure of noncash investing activities:
Accrued capital expenditures		$ 294	$ 1,274

The Company

The Company	3 Months Ended
	Nov. 30, 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 its homecare and cleaning products under the following well-known brands: WD-40®, 3-IN-ONE®, GT85®, X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, 1001®, Lava® and Solvol®. Currently included in the WD-40 brand are the WD-40 Multi-Use Product and the WD-40 Specialist® and WD-40 BIKE® product lines.  The Company’s 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	3 Months Ended
	Nov. 30, 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, 2021 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, 2021, which was filed with the SEC on October 22, 2021. 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 estimates consider 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 in other income (expense), net in the Company’s consolidated statements of operations. Cash flows from settlements of foreign currency forward contracts are included in operating activities in the consolidated statements of cash flows. Foreign currency forward contracts in an asset position at the end of the reporting period are included in other current assets, while foreign currency forward contracts in a liability position at the end of the reporting period are included in accrued liabilities in the Company’s consolidated balance sheets. At November 30, 2021, the Company had a notional amount of $1.5 million outstanding in foreign currency forward contracts, which will mature on January 28, 2022. Unrealized net gains and losses related to foreign currency forward contracts were not significant at November 30, 2021 and August 31, 2021. Realized net gains and losses related to foreign currency forward contracts were not significant for both the three months ended November 30, 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 November 30, 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 $66.3 million as of November 30, 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 $68.8 million. During the three months ended November 30, 2021, the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition. ‎ Recently Adopted Accounting Standards In 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 amended 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. The Company adopted this new guidance on September 1, 2021, and the adoption of this guidance did not have a material impact on its consolidated financial statements and related disclosures.

Inventories

Inventories	3 Months Ended
	Nov. 30, 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):  November 30, August 31, 2021 2021Product held at third-party contract manufacturers$ 9,727 $ 9,036Raw materials and components 10,195 8,981Work-in-process 1,778 802Finished goods 46,175 36,933Total$ 67,875 $ 55,752

Property And Equipment

Property And Equipment	3 Months Ended
	Nov. 30, 2021
Property And Equipment [Abstract]
Property And Equipment	Note 4. Property and Equipment Property and equipment, net, consisted of the following (in thousands):  November 30, August 31, 2021 2021Machinery, equipment and vehicles$ 35,893 $ 22,504Buildings and improvements 29,560 29,697Computer and office equipment 6,121 5,742Software 10,532 10,559Furniture and fixtures 2,843 2,794Capital in progress 17,316 31,016Land 4,371 4,406Subtotal 106,636 106,718Less: accumulated depreciation and amortization (37,656) (36,573)Total$ 68,980 $ 70,145 At August 31, 2021, capital in progress on the balance sheet included $30.3 million associated with capital costs related to proprietary machinery and equipment for the Company’s next generation of delivery systems for its WD-40 Smart Straw® products. During the three months ended November 30, 2021, $13.5 million of this machinery and equipment was placed in service and thus the Company reclassified these amounts from capital in progress to machinery, equipment and vehicles.‎

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Nov. 30, 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 TotalBalance as of August 31, 2021$ 85,476 $ 9,184 $ 1,209 $ 95,869Translation adjustments (15) (131) - (146)Balance as of November 30, 2021$ 85,461 $ 9,053 $ 1,209 $ 95,723 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. The Company’s review of events and circumstances included consideration of the ongoing COVID-19 pandemic. 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): November 30, August 31, 2021 2021Gross carrying amount$ 36,342 $ 36,657Accumulated amortization (29,514) (29,413)Net carrying amount$ 6,828 $ 7,244 There has been no impairment charge for the three months ended November 30, 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 three months ended November 30, 2021 are summarized below (in thousands): Americas EMEA Asia-Pacific TotalBalance as of August 31, 2021$ 5,495 $ 1,749 $ - $ 7,244Amortization expense (264) (99) - (363)Translation adjustments - (53) - (53)Balance as of November 30, 2021$ 5,231 $ 1,597 $ - $ 6,828 The estimated amortization expense for the Company’s definite-lived intangible assets is not significant in any future individual fiscal year. ‎

Accrued And Other Liabilities

Accrued And Other Liabilities	3 Months Ended
	Nov. 30, 2021
Accrued And Other Liabilities [Abstract]
Accrued And Other Liabilities	Note 6. Accrued and Other Liabilities Accrued liabilities consisted of the following (in thousands):  November 30, August 31, 2021 2021Accrued advertising and sales promotion expenses$ 11,601 $ 11,796Accrued professional services fees 2,051 2,122Accrued sales taxes and other taxes 2,135 1,708Deferred revenue 5,015 3,696Short-term operating lease liability 1,929 1,903Other 3,483 4,433Total$ 26,214 $ 25,658 Accrued payroll and related expenses consisted of the following (in thousands):  November 30, August 31, 2021 2021Accrued incentive compensation$ 3,777 $ 14,068Accrued payroll 4,331 4,746Accrued profit sharing 4,131 3,273Accrued payroll taxes 5,157 2,952Other 700 623Total$ 18,096 $ 25,662

Debt

Debt	3 Months Ended
	Nov. 30, 2021
Debt [Abstract]
Debt	Note 7. Debt As of November 30, 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”). As of November 30, 2021, the Company had outstanding balances on its series A, B and C notes issued under this Note Agreement. 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. The Credit Agreement currently has a maturity date of September 30, 2025. On November 29, 2021, the Company entered into its most recent amendment to the Credit Agreement (the “LIBOR Amendment”) with Bank of America. The LIBOR Amendment changed the Company’s index rates under the Credit Agreement for British Pound Sterling and U.S. Dollar borrowings from the London Interbank Offered Rate as administered by ICE Benchmark Administration to the Sterling Overnight Index Average Reference Rate and the Bloomberg Short-term Bank Yield Index rate, respectively, as well as certain definitions and clarifications within the Credit Agreement to accommodate the change in index rates. The impact of the LIBOR amendment was insignificant to the Company’s consolidated financial statements. Short-term and long-term borrowings under the Company’s Credit Agreement and Note Agreement consisted of the following (in thousands): Maturities November 30, August 31, Issuance(calendar year) 2021 2021 Credit Agreement - revolving credit facility (1) Various9/30/2025 $ 44,729 $ 46,540 Note Agreement Series A Notes - 3.39% fixed rate(2) 11/15/20172021-2032 16,800 17,200Series B Notes - 2.50% fixed rate(3) 9/30/202011/15/2027 26,000 26,000Series C Notes - 2.69% fixed rate(3) 9/30/202011/15/2030 26,000 26,000Total borrowings 113,529 115,740Short-term portion of borrowings (800) (800)Total long-term borrowings $ 112,729 $ 114,940 (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 November 30, 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)Interest on notes is payable semi-annually in May and November of each year with no principal due until the maturity date. 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 quartersAs of November 30, 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	3 Months Ended
	Nov. 30, 2021
Share Repurchase Plan [Abstract]
Share Repurchase Plan	Note 8. Share Repurchase Plan On October 12, 2021, the Company’s Board of Directors approved a new share buy-back plan. Under the plan, which became effective on November 1, 2021, the Company is authorized to acquire up to $75.0 million of its outstanding shares through August 31, 2023. The timing and amount of repurchases are based on terms and conditions as may be acceptable to the Company’s Chief Executive Officer and Chief Financial Officer, subject to present loan covenants and in compliance with all laws and regulations applicable thereto. During the period from November 1, 2021 through November 30, 2021, the Company repurchased 32,000 shares at an average price of $230.79 per share, for a total cost of $7.4 million under this $75.0 million plan.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Nov. 30, 2021
Earnings Per Common Share [Abstract]
Earnings Per Common Share	Note 9. Earnings per Common Share The table below reconciles net income to net income available to common shareholders (in thousands): Three Months Ended November 30, 2021 2020Net income$ 18,555 $ 23,623Less: Net income allocated to participating securities (64) (110)Net income available to common shareholders$ 18,491 $ 23,513 The table below summarizes the weighted-average number of common shares outstanding included in the calculation of basic and diluted EPS (in thousands): Three Months Ended November 30, 2021 2020Weighted-average common shares outstanding, basic 13,716 13,675Weighted-average dilutive securities 36 31Weighted-average common shares outstanding, diluted 13,752 13,706 For the three months ended November 30, 2021, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 5,145 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive. For the three months ended November 30, 2020, there were no anti-dilutive stock-based equity awards outstanding.‎

Revenue Recognition

Revenue Recognition	3 Months Ended
	Nov. 30, 2021
Revenue Recognition [Abstract]
Revenue Recognition	Note 10. Revenue Recognition Disaggregation of Revenue The following table presents our revenues by segment and major source (in thousands):: Three Months Ended November 30, 2021: Americas EMEA Asia-Pacific TotalMaintenance products$ 51,984  $ 55,443  $ 18,603  $ 126,030 HCCP (1) 4,304  2,112  2,300  8,716 Total net sales$ 56,288  $ 57,555  $ 20,903  $ 134,746  Three Months Ended November 30, 2020: Americas EMEA Asia-Pacific TotalMaintenance products$ 48,503  $ 52,376  $ 13,464  $ 114,343 HCCP (1) 5,685  2,373  2,158  10,216 Total net sales$ 54,188  $ 54,749  $ 15,622  $ 124,559  (1)Homecare and cleaning products (“HCCP”) 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 $5.0 million and $3.7 million as of November 30, 2021 and August 31, 2021, respectively. All of the $3.7 million that was included in contract liabilities as of August 31, 2021 was recognized to revenue during the three months ended November 30, 2021. These contract liabilities are recorded in accrued liabilities on the Company’s condensed consolidated balance sheets. The Company did not have any contract assets as of November 30, 2021 and August 31, 2021.

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Nov. 30, 2021
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 11. 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 November 30, 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 were 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 November 30, 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 asserted claims for damages for more than $25.0 million. 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 in a separate proceeding before the Commercial District Court seeking to invalidate the most recent Get All-40 Trademark registration. In August 2021, the Commercial District Court granted WD-40 Manufacturing’s action for cancellation of the Get All-40 Trademark. Bong initiated appeal of the cancellation decision in September 2021. On October 28, 2021, the Commercial District Court in the Jakarta Litigation found in favor of the Company and dismissed Bong’s claim. On November 26, 2021, Bong submitted a memorandum of cassation to appeal the decision in the Jakarta Litigation. The Jakarta Litigation and trademark cancellation are pending appellate proceedings. 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 remote. 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, 2021, which was filed with the SEC on October 22, 2021. Indemnifications As permitted under Delaware law, the Company has agreements whereby it indemnifies senior officers and directors for certain events or occurrences while the officer or director is, or was, serving at the Company’s request in such capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company maintains Director and Officer insurance coverage that mitigates the Company’s exposure with respect to such obligations. As a result of the Company’s insurance coverage, management believes that the estimated fair value of these indemnification agreements is minimal. Thus, no liabilities have been recorded for these agreements as of November 30, 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 November 30, 2021.

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2021
Income Taxes [Abstract]
Income Taxes	Note 12. 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 19.8% and 15.7% of income before income taxes for the three months ended November 30, 2021 and 2020, respectively. The increase in the effective income tax rate from period to period was primarily due to an increase in nondeductible performance-based compensation expenses. 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 2020. 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	3 Months Ended
	Nov. 30, 2021
Business Segments And Foreign Operations [Abstract]
Business Segments And Foreign Operations	Note 13. Business Segments and Foreign Operations The Company evaluates the performance of its segments and allocates resources to them based on sales and operating income. The Company is organized on the basis of geographical area into the following three segments: the Americas; EMEA; and Asia-Pacific. Segment data does not include inter-segment revenues. Unallocated corporate expenses are general corporate overhead expenses not directly attributable to the 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 EndedAmericas EMEA Asia-Pacific Corporate (1) TotalNovember 30, 2021: Net sales$ 56,288 $ 57,555 $ 20,903 $ - $ 134,746Income from operations$ 12,017 $ 14,213 $ 7,302 $ (9,472) $ 24,060Depreciation and amortization expense$ 1,043 $ 784 $ 74 $ 86 $ 1,987Interest income$ - $ - $ 25 $ - $ 25Interest expense$ 498 $ 121 $ 1 $ - $ 620 November 30, 2020: Net sales$ 54,188 $ 54,749 $ 15,622 $ - $ 124,559Income from operations$ 14,626 $ 17,743 $ 5,060 $ (9,037) $ 28,392Depreciation and amortization expense$ 791 $ 756 $ 75 $ 78 $ 1,700Interest income$ 1 $ 1 $ 17 $ - $ 19Interest expense$ 455 $ 114 $ 1 $ - $ 570 (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.

Subsequent Events

Subsequent Events	3 Months Ended
	Nov. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 14. Subsequent Events On December 13, 2021, the Company’s Board of Directors approved an 8% increase in the regular quarterly cash dividend, increasing it from $0.72 per share to $0.78 per share. The $0.78 per share dividend declared on December 13, 2021 is payable on January 31, 2022 to shareholders of record on January 14, 2022.‎

Basis Of Presentation And Sum_2

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Nov. 30, 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, 2021 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, 2021, which was filed with the SEC on October 22, 2021. 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 estimates consider 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.
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 November 30, 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 $66.3 million as of November 30, 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 $68.8 million. During the three months ended November 30, 2021, the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.
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 in other income (expense), net in the Company’s consolidated statements of operations. Cash flows from settlements of foreign currency forward contracts are included in operating activities in the consolidated statements of cash flows. Foreign currency forward contracts in an asset position at the end of the reporting period are included in other current assets, while foreign currency forward contracts in a liability position at the end of the reporting period are included in accrued liabilities in the Company’s consolidated balance sheets. At November 30, 2021, the Company had a notional amount of $1.5 million outstanding in foreign currency forward contracts, which will mature on January 28, 2022. Unrealized net gains and losses related to foreign currency forward contracts were not significant at November 30, 2021 and August 31, 2021. Realized net gains and losses related to foreign currency forward contracts were not significant for both the three months ended November 30, 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.
Recently Issued Accounting Standards	‎ Recently Adopted 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 amended 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. The Company adopted this new guidance on September 1, 2021, and the adoption of this guidance did not have a material impact on its consolidated financial statements and related disclosures.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 30, 2021
Inventories [Abstract]
Schedule Of Inventories	November 30, August 31, 2021 2021Product held at third-party contract manufacturers$ 9,727 $ 9,036Raw materials and components 10,195 8,981Work-in-process 1,778 802Finished goods 46,175 36,933Total$ 67,875 $ 55,752

Property And Equipment (Tables)

Property And Equipment (Tables)	3 Months Ended
	Nov. 30, 2021
Property And Equipment [Abstract]
Schedule Of Property And Equipment, Net	November 30, August 31, 2021 2021Machinery, equipment and vehicles$ 35,893 $ 22,504Buildings and improvements 29,560 29,697Computer and office equipment 6,121 5,742Software 10,532 10,559Furniture and fixtures 2,843 2,794Capital in progress 17,316 31,016Land 4,371 4,406Subtotal 106,636 106,718Less: accumulated depreciation and amortization (37,656) (36,573)Total$ 68,980 $ 70,145

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Nov. 30, 2021
Goodwill And Other Intangible Assets [Abstract]
Summary Of Changes In Carrying Amounts Of Goodwill	Americas EMEA Asia-Pacific TotalBalance as of August 31, 2021$ 85,476 $ 9,184 $ 1,209 $ 95,869Translation adjustments (15) (131) - (146)Balance as of November 30, 2021$ 85,461 $ 9,053 $ 1,209 $ 95,723
Summary Of Definite-Lived Intangible Assets	November 30, August 31, 2021 2021Gross carrying amount$ 36,342 $ 36,657Accumulated amortization (29,514) (29,413)Net carrying amount$ 6,828 $ 7,244
Summary Of Changes In Carrying Amounts Of Definite-Lived Intangible Assets By Segment	Americas EMEA Asia-Pacific TotalBalance as of August 31, 2021$ 5,495 $ 1,749 $ - $ 7,244Amortization expense (264) (99) - (363)Translation adjustments - (53) - (53)Balance as of November 30, 2021$ 5,231 $ 1,597 $ - $ 6,828

Accrued And Other Liabilities (

Accrued And Other Liabilities (Tables)	3 Months Ended
	Nov. 30, 2021
Accrued And Other Liabilities [Abstract]
Schedule Of Accrued Liabilities	November 30, August 31, 2021 2021Accrued advertising and sales promotion expenses$ 11,601 $ 11,796Accrued professional services fees 2,051 2,122Accrued sales taxes and other taxes 2,135 1,708Deferred revenue 5,015 3,696Short-term operating lease liability 1,929 1,903Other 3,483 4,433Total$ 26,214 $ 25,658
Schedule Of Accrued Payroll And Related Expenses	November 30, August 31, 2021 2021Accrued incentive compensation$ 3,777 $ 14,068Accrued payroll 4,331 4,746Accrued profit sharing 4,131 3,273Accrued payroll taxes 5,157 2,952Other 700 623Total$ 18,096 $ 25,662

Debt (Tables)

Debt (Tables)	3 Months Ended
	Nov. 30, 2021
Debt [Abstract]
Schedule Of Short-term And Long-term Borrowings	Maturities November 30, August 31, Issuance(calendar year) 2021 2021 Credit Agreement - revolving credit facility (1) Various9/30/2025 $ 44,729 $ 46,540 Note Agreement Series A Notes - 3.39% fixed rate(2) 11/15/20172021-2032 16,800 17,200Series B Notes - 2.50% fixed rate(3) 9/30/202011/15/2027 26,000 26,000Series C Notes - 2.69% fixed rate(3) 9/30/202011/15/2030 26,000 26,000Total borrowings 113,529 115,740Short-term portion of borrowings (800) (800)Total long-term borrowings $ 112,729 $ 114,940 (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 November 30, 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)Interest on notes is payable semi-annually in May and November of each year with no principal due until the maturity date.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Nov. 30, 2021
Earnings Per Common Share [Abstract]
Schedule Of Reconciliation Of Net Income To Net Income Available To Common Shareholders	Three Months Ended November 30, 2021 2020Net income$ 18,555 $ 23,623Less: Net income allocated to participating securities (64) (110)Net income available to common shareholders$ 18,491 $ 23,513
Schedule Of Weighted Average Number Of Shares	Three Months Ended November 30, 2021 2020Weighted-average common shares outstanding, basic 13,716 13,675Weighted-average dilutive securities 36 31Weighted-average common shares outstanding, diluted 13,752 13,706

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Nov. 30, 2021
Revenue Recognition [Abstract]
Schedule Of Revenues By Segment And Major Source	Three Months Ended November 30, 2021: Americas EMEA Asia-Pacific TotalMaintenance products$ 51,984  $ 55,443  $ 18,603  $ 126,030 HCCP (1) 4,304  2,112  2,300  8,716 Total net sales$ 56,288  $ 57,555  $ 20,903  $ 134,746  Three Months Ended November 30, 2020: Americas EMEA Asia-Pacific TotalMaintenance products$ 48,503  $ 52,376  $ 13,464  $ 114,343 HCCP (1) 5,685  2,373  2,158  10,216 Total net sales$ 54,188  $ 54,749  $ 15,622  $ 124,559  (1)Homecare and cleaning products (“HCCP”)

Business Segments And Foreign_2

Business Segments And Foreign Operations (Tables)	3 Months Ended
	Nov. 30, 2021
Business Segments And Foreign Operations [Abstract]
Summarized Information By Reportable Segments	Unallocated For the Three Months EndedAmericas EMEA Asia-Pacific Corporate (1) TotalNovember 30, 2021: Net sales$ 56,288 $ 57,555 $ 20,903 $ - $ 134,746Income from operations$ 12,017 $ 14,213 $ 7,302 $ (9,472) $ 24,060Depreciation and amortization expense$ 1,043 $ 784 $ 74 $ 86 $ 1,987Interest income$ - $ - $ 25 $ - $ 25Interest expense$ 498 $ 121 $ 1 $ - $ 620 November 30, 2020: Net sales$ 54,188 $ 54,749 $ 15,622 $ - $ 124,559Income from operations$ 14,626 $ 17,743 $ 5,060 $ (9,037) $ 28,392Depreciation and amortization expense$ 791 $ 756 $ 75 $ 78 $ 1,700Interest income$ 1 $ 1 $ 17 $ - $ 19Interest expense$ 455 $ 114 $ 1 $ - $ 570 (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.

Basis Of Presentation And Sum_3

Basis Of Presentation And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Aug. 31, 2021
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Realized foreign currency transactions	$ 0	$ 0
Unrealized foreign currency transactions	(541,000)	$ (52,000)
Carrying value of senior notes	112,729,000		$ 114,940,000
Assets	421,439,000		430,203,000
Liabilities	223,041,000		229,821,000
Foreign Currency Forward Contracts [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Foreign currency forward contracts outstanding	$ 1,500,000
Foreign currency forward contracts, Maturity date	Jan. 28, 2022
Unrealized foreign currency transactions	$ 0		$ 0
Level 2 [Member] | Recurring [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Assets	0
Liabilities	0
Level 2 [Member] | Nonrecurring [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Assets	0
Liabilities	0
Senior Notes [Member] | Level 2 [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Fair value of senior notes	66,300,000
Carrying value of senior notes	$ 68,800,000

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Nov. 30, 2021	Aug. 31, 2021
Inventories [Abstract]
Product held at third-party contract manufacturers	$ 9,727	$ 9,036
Raw materials and components	10,195	8,981
Work-in-process	1,778	802
Finished goods	46,175	36,933
Total	$ 67,875	$ 55,752

Property And Equipment (Narrati

Property And Equipment (Narrative) (Details) - USD ($) $ in Millions	Nov. 30, 2021	Aug. 31, 2021
Machinery, Equipment And Vehicles [Member]
Business Acquisition [Line Items]
Capital costs	$ 13.5	$ 30.3

Property And Equipment (Schedul

Property And Equipment (Schedule Of Property And Equipment, Net) (Details) - USD ($) $ in Thousands	Nov. 30, 2021	Aug. 31, 2021
Property Plant And Equipment [Line Items]
Subtotal	$ 106,636	$ 106,718
Less: accumulated depreciation and amortization	(37,656)	(36,573)
Total	68,980	70,145
Machinery, Equipment And Vehicles [Member]
Property Plant And Equipment [Line Items]
Subtotal	35,893	22,504
Buildings And Improvements [Member]
Property Plant And Equipment [Line Items]
Subtotal	29,560	29,697
Computer And Office Equipment [Member]
Property Plant And Equipment [Line Items]
Subtotal	6,121	5,742
Software [Member]
Property Plant And Equipment [Line Items]
Subtotal	10,532	10,559
Furniture And Fixtures [Member]
Property Plant And Equipment [Line Items]
Subtotal	2,843	2,794
Capital In Progress [Member]
Property Plant And Equipment [Line Items]
Subtotal	17,316	31,016
Land [Member]
Property Plant And Equipment [Line Items]
Subtotal	$ 4,371	$ 4,406

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Nov. 30, 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	3 Months Ended
	Nov. 30, 2021USD ($)
Goodwill [Line Items]
Balance, beginning	$ 95,869
Translation adjustments	(146)
Balance, ending	95,723
Americas [Member]
Goodwill [Line Items]
Balance, beginning	85,476
Translation adjustments	(15)
Balance, ending	85,461
EMEA [Member]
Goodwill [Line Items]
Balance, beginning	9,184
Translation adjustments	(131)
Balance, ending	9,053
Asia-Pacific [Member]
Goodwill [Line Items]
Balance, beginning	1,209
Translation adjustments
Balance, ending	$ 1,209

Goodwill And Other Intangible_5

Goodwill And Other Intangible Assets (Summary Of Definite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Nov. 30, 2021	Aug. 31, 2021
Goodwill And Other Intangible Assets [Abstract]
Gross carrying amount	$ 36,342	$ 36,657
Accumulated amortization	(29,514)	(29,413)
Net carrying amount	$ 6,828	$ 7,244

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
	Nov. 30, 2021	Nov. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 7,244
Amortization expense	(363)	$ (358)
Translation adjustments	(53)
Ending balance	6,828
Americas [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	5,495
Amortization expense	(264)
Translation adjustments
Ending balance	5,231
EMEA [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	1,749
Amortization expense	(99)
Translation adjustments	(53)
Ending balance	1,597
Asia-Pacific [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance
Amortization expense
Translation adjustments
Ending balance

Accrued And Other Liabilities_2

Accrued And Other Liabilities (Schedule Of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Nov. 30, 2021	Aug. 31, 2021
Accrued And Other Liabilities [Abstract]
Accrued advertising and sales promotion expenses	$ 11,601	$ 11,796
Accrued professional services fees	2,051	2,122
Accrued sales taxes and other taxes	2,135	1,708
Deferred revenue	5,015	3,696
Short-term operating lease liability	1,929	1,903
Other	3,483	4,433
Total	$ 26,214	$ 25,658

Accrued And Other Liabilities_3

Accrued And Other Liabilities (Schedule Of Accrued Payroll And Related Expenses) (Details) - USD ($) $ in Thousands	Nov. 30, 2021	Aug. 31, 2021
Accrued And Other Liabilities [Abstract]
Accrued incentive compensation	$ 3,777	$ 14,068
Accrued payroll	4,331	4,746
Accrued profit sharing	4,131	3,273
Accrued payroll taxes	5,157	2,952
Other	700	623
Total	$ 18,096	$ 25,662

Debt (Narrative) (Details)

Debt (Narrative) (Details)	3 Months Ended
	Nov. 30, 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
Maturity date	Sep. 30, 2025	[1]
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
[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 November 30, 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.

Debt (Schedule Of Short-term An

Debt (Schedule Of Short-term And Long-term Borrowings) (Details) - USD ($) $ in Thousands		3 Months Ended
		Nov. 30, 2021	Aug. 31, 2021
Debt Instrument [Line Items]
Total Borrowings		$ 113,529	$ 115,740
Short-term portion of borrowings		(800)	(800)
Long-term borrowings		$ 112,729	114,940
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]	$ 16,800	17,200
Principal payment frequency of periodic payment		semi-annually
Periodic payment amount		$ 400
Periodic principal maturity		May 15, 2032
Remaining principal payment		$ 8,400
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	26,000
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	26,000
Series B and Series C Notes [Member]
Debt Instrument [Line Items]
Principal payment frequency of periodic payment		semi-annually
Credit Agreement - Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date	[3]	Sep. 30, 2025
Total Borrowings	[3]	$ 44,729	$ 46,540
Minimum [Member] | Series A Notes [Member]
Debt Instrument [Line Items]
Maturity year	[1]	2021
Maximum [Member] | Series A Notes [Member]
Debt Instrument [Line Items]
Maturity year	[1]	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]	Interest on notes is payable semi-annually in May and November of each year with no principal due until the maturity date.
[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 November 30, 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 ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2021	Oct. 12, 2021
Share Repurchase Plan [Abstract]
Share buy-back plan, amount authorized			$ 75,000
Share buy-back plan, number of shares repurchased	32,000
Average price of shares repurchased	$ 230.79
Total cost of repurchased shares	$ 7,400	$ 7,386

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Earnings Per Common Share [Abstract]
Anti-dilutive stock options outstanding	5,145	0

Earnings Per Common Share (Sche

Earnings Per Common Share (Schedule Of Reconciliation Of Net Income To Net Income Available To Common Shareholders) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Earnings Per Common Share [Abstract]
Net income	$ 18,555	$ 23,623
Less: Net income allocated to participating securities	(64)	(110)
Net income available to common shareholders	$ 18,491	$ 23,513

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
	Nov. 30, 2021	Nov. 30, 2020
Earnings Per Common Share [Abstract]
Weighted-average common shares outstanding, basic	13,716	13,675
Weighted-average dilutive securities	36	31
Weighted-average common shares outstanding, diluted	13,752	13,706

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	Nov. 30, 2021	Aug. 31, 2021
Revenue Recognition [Abstract]
Contract liabilities	$ 5,000,000	$ 3,700,000
Contract assets	$ 0	$ 0

Revenue Recognition (Schedule O

Revenue Recognition (Schedule Of Revenues By Segment And Major Source) (Details) - USD ($) $ in Thousands		3 Months Ended
		Nov. 30, 2021	Nov. 30, 2020
Revenue from External Customer [Line Items]
Total net sales		$ 134,746	$ 124,559
Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		126,030	114,343
Homecare And Cleaning Products [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	8,716	10,216
Americas [Member]
Revenue from External Customer [Line Items]
Total net sales		56,288	54,188
Americas [Member] | Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		51,984	48,503
Americas [Member] | Homecare And Cleaning Products [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	4,304	5,685
EMEA [Member]
Revenue from External Customer [Line Items]
Total net sales		57,555	54,749
EMEA [Member] | Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		55,443	52,376
EMEA [Member] | Homecare And Cleaning Products [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	2,112	2,373
Asia-Pacific [Member]
Revenue from External Customer [Line Items]
Total net sales		20,903	15,622
Asia-Pacific [Member] | Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		18,603	13,464
Asia-Pacific [Member] | Homecare And Cleaning Products [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	$ 2,300	$ 2,158
[1]	Homecare and cleaning products (“HCCP”)

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details) - USD ($)	Aug. 18, 2020	Nov. 30, 2021
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
Minimum [Member] | Jakarta Litigation [Member]
Loss Contingencies [Line Items]
Damages sought	$ 25,000,000
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
	Nov. 30, 2021	Nov. 30, 2020
Income Taxes [Abstract]
Provision for income taxes	19.80%	15.70%

Business Segments and Foreign_3

Business Segments and Foreign Operations (Summarized Information By Reportable Segments) (Details) $ in Thousands		3 Months Ended
		Nov. 30, 2021USD ($)item	Nov. 30, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | item		3
Net sales		$ 134,746	$ 124,559
Income from operations		24,060	28,392
Depreciation and amortization expense		1,987	1,700
Interest income		25	19
Interest expense		620	570
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Income from operations	[1]	(9,472)	(9,037)
Depreciation and amortization expense	[1]	86	78
Americas Segment [Member]
Segment Reporting Information [Line Items]
Net sales		56,288	54,188
Income from operations		12,017	14,626
Depreciation and amortization expense		1,043	791
Interest income			1
Interest expense		498	455
EMEA Segments [Member]
Segment Reporting Information [Line Items]
Net sales		57,555	54,749
Income from operations		14,213	17,743
Depreciation and amortization expense		784	756
Interest income			1
Interest expense		121	114
Asia-Pacific Segment [Member]
Segment Reporting Information [Line Items]
Net sales		20,903	15,622
Income from operations		7,302	5,060
Depreciation and amortization expense		74	75
Interest income		25	17
Interest expense		$ 1	$ 1
[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.

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - $ / shares	Dec. 13, 2021	Nov. 30, 2021
Subsequent Events [Line Items]
Cash dividend declared		$ 0.72
Subsequent Events [Member]
Subsequent Events [Line Items]
Percentage increase in quarterly cash dividend	8.00%
Cash dividend declared	$ 0.78
Dividends payable, date to be paid	Jan. 31, 2022
Dividend payable, record date	Jan. 14, 2022