WD-40 (WDFC) 10-Q 9 Jan 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Nov. 30, 2022	Jan. 03, 2023
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, 2022
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	2023
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		13,587,596

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Current assets:
Cash and cash equivalents	$ 36,882	$ 37,843
Trade and other accounts receivable, net	87,285	89,930
Inventories	119,067	104,101
Other current assets	12,122	17,766
Total current assets	255,356	249,640
Property and equipment, net	65,658	65,977
Goodwill	95,277	95,180
Other intangible assets, net	5,362	5,588
Operating lease right-of-use assets	8,435	7,559
Deferred tax assets, net	629	679
Other assets	10,776	9,672
Total assets	441,493	434,295
Current liabilities:
Accounts payable	31,826	32,852
Accrued liabilities	24,728	27,161
Accrued payroll and related expenses	14,251	11,583
Short-term borrowings	42,537	39,173
Income taxes payable	301	51
Total current liabilities	113,643	110,820
Long-term borrowings	107,902	107,139
Deferred tax liabilities, net	10,715	10,528
Long-term operating lease liabilities	6,629	5,999
Other long-term liabilities	11,234	11,185
Total liabilities	250,123	245,671
Commitments and Contingencies (Note 11)
Stockholders’ equity:
Common stock ― authorized 36,000,000 shares, $0.001 par value; 19,896,477 and 19,888,807 shares issued at November 30, 2022 and August 31, 2022, respectively; and 13,587,596 and 13,602,346 shares outstanding at November 30, 2022 and August 31, 2022, respectively	20	20
Additional paid-in capital	168,092	165,973
Retained earnings	459,439	456,076
Accumulated other comprehensive loss	(34,873)	(36,209)
Common stock held in treasury, at cost ― 6,308,881 and 6,286,461 shares at November 30, 2022 and August 31, 2022, respectively	(401,308)	(397,236)
Total stockholders’ equity	191,370	188,624
Total liabilities and stockholders’ equity	$ 441,493	$ 434,295

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Nov. 30, 2022	Aug. 31, 2022
Condensed Consolidated Balance Sheets [Abstract]
Common stock, shares authorized	36,000,000	36,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	19,896,477	19,888,807
Common stock, shares outstanding	13,587,596	13,602,346
Treasury stock, shares	6,308,881	6,286,461

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Condensed Consolidated Statements Of Operations [Abstract]
Net sales	$ 124,893	$ 134,746
Cost of products sold	60,638	66,276
Gross profit	64,255	68,470
Operating expenses:
Selling, general and administrative	39,984	38,423
Advertising and sales promotion	5,339	5,624
Amortization of definite-lived intangible assets	253	363
Total operating expenses	45,576	44,410
Income from operations	18,679	24,060
Other income (expense):
Interest income	44	25
Interest expense	(1,169)	(620)
Other income (expense), net	150	(329)
Income before income taxes	17,704	23,136
Provision for income taxes	3,707	4,581
Net income	$ 13,997	$ 18,555
Earnings per common share:
Basic	$ 1.03	$ 1.35
Diluted	$ 1.02	$ 1.34
Shares used in per share calculations:
Basic	13,590	13,716
Diluted	13,609	13,752

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 13,997	$ 18,555
Other comprehensive income (loss):
Foreign currency translation adjustment	1,336	(1,893)
Total comprehensive income	$ 15,333	$ 16,662

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' 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, 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
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
Beginning balance at Aug. 31, 2022	$ 20	165,973	456,076	(36,209)	$ (397,236)	$ 188,624
Beginning balance, shares at Aug. 31, 2022	19,888,807				6,286,461	13,602,346
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes		(600)				$ (600)
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes, shares	7,670
Stock-based compensation		2,719				2,719
Cash dividends			(10,634)			(10,634)
Acquisition of treasury stock					$ (4,072)	(4,072)
Acquisition of treasury stock, shares					22,420
Foreign currency translation adjustment				1,336		1,336
Net income			13,997			13,997
Ending balance at Nov. 30, 2022	$ 20	$ 168,092	$ 459,439	$ (34,873)	$ (401,308)	$ 191,370
Ending balance, shares at Nov. 30, 2022	19,896,477				6,308,881	13,587,596

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Condensed Consolidated Statements Of Stockholders' Equity [Abstract]
Cash dividends, per share	$ 0.78	$ 0.72

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended	13 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Aug. 31, 2022	Nov. 30, 2022
Operating activities:
Net income	$ 13,997	$ 18,555
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,896	1,987
Net gains on sales and disposals of property and equipment	122	9
Deferred income taxes	271	738
Stock-based compensation	2,719	2,891
Unrealized foreign currency exchange losses (gains)	(1,481)	541
Provision for credit losses	30	30
Changes in assets and liabilities:
Trade and other accounts receivable	2,847	(7,980)
Inventories	(14,203)	(13,054)
Other assets	4,573	(1,793)
Operating lease assets and liabilities, net	26	2
Accounts payable and accrued liabilities	(3,336)	4,126
Accrued payroll and related expenses	2,627	(7,324)
Other long-term liabilities and income taxes payable	349	325
Net cash provided by (used in) operating activities	10,437	(947)
Investing activities:
Purchases of property and equipment	(1,458)	(2,434)
Proceeds from sales of property and equipment	158	72
Net cash used in investing activities	(1,300)	(2,362)
Financing activities:
Treasury stock purchases	(4,072)	(7,386)		$ (33,200)
Dividends paid	(10,634)	(9,905)
Repayments of long-term senior notes	(400)	(400)
Net proceeds from revolving credit facility	3,364
Shares withheld to cover taxes upon conversions of equity awards	(600)	(4,246)
Net cash used in financing activities	(12,342)	(21,937)
Effect of exchange rate changes on cash and cash equivalents	2,244	(1,196)
Net decrease in cash and cash equivalents	(961)	(26,442)
Cash and cash equivalents at beginning of period	37,843	85,961	$ 85,961
Cash and cash equivalents at end of period	36,882	59,519	$ 37,843	$ 36,882
Supplemental disclosure of noncash investing activities:
Accrued capital expenditures	$ 315	$ 294

The Company

The Company	3 Months Ended
	Nov. 30, 2022
The Company [Abstract]
The Company	Note 1. The Company WD-40 Company (the “Company”), incorporated in Delaware and 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 owns a wide range of brands that include maintenance products and homecare and cleaning products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, X-14®, 2000 Flushes®, Carpet Fresh®, no vac®, Spot Shot®, 1001®, Lava® and Solvol®. 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, 2022
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 generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. The August 31, 2022 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 , 2022, which was filed with the SEC on October 24, 2022. 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 materially differ from those estimates. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year. 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. 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, 2022, the Company had no outstanding foreign currency forward contracts. Unrealized net gains and losses related to foreign currency forward contracts were no t significant at November 30, 2022 and August 31, 2022 . Realized net gains and losses related to foreign currency forward contracts were no t significant for the three months ended November 30, 2022 and 2021. 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. The Company has no assets or liabilities that are measured at fair value in the financial statements on a recurring basis, except for foreign currency forward contracts, into which the Company enters from time to time, and 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 $ 60.8 million as of November 30, 2022, 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 $ 68.0 million . During the three months ended November 30, 2022, the Company did no t record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.

Inventories

Inventories	3 Months Ended
	Nov. 30, 2022
Inventories [Abstract]
Inventories	Note 3. Inventories 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, 2022 2022 Product held at third-party contract manufacturers $ 6,000 $ 7,915 Raw materials and components 17,723 13,952 Work-in-process 408 881 Finished goods 94,936 81,353 Total $ 119,067 $ 104,101

Property And Equipment And Capi

Property And Equipment And Capitalized Cloud-Based Software Implementation Costs	3 Months Ended
	Nov. 30, 2022
Property And Equipment And Capitalized Cloud-Based Software Implementation Costs [Abstract]
Property And Equipment And Capitalized Cloud-Based Software Implementation Costs	Note 4. Property and Equipment and Capitalized Cloud-Based Software Implementation Costs Property and equipment, net, consisted of the following (in thousands): November 30, August 31, 2022 2022 Machinery, equipment and vehicles $ 44,489 $ 44,533 Buildings and improvements 26,521 27,958 Computer and office equipment 6,106 5,757 Internal-use software 9,884 9,591 Furniture and fixtures 2,693 2,669 Capital in progress 10,333 10,135 Land 4,164 4,240 Subtotal 104,190 104,883 Less: accumulated depreciation and amortization ( 38,532 ) ( 38,906 ) Total $ 65,658 $ 65,977 As of November 30, 2022 and August 31, 2022, the Company’s condensed consolidated balance sheets included $ 7.6 million and $ 6.5 million, respectively, of capitalized cloud-based implementation costs recorded as other assets within the Company’s condensed consolidated balance sheets. These balances primarily consist of capitalized costs related to the new cloud-based enterprise resource planning system which we are in the process of implementing. Accumulated amortization associated with cloud-based implementation costs were $ 0.5 million as of both November 30, 2022 and August 31, 2022. Amortization expense associated with these assets were no t significant during the three months ended November 30, 2022 or 2021.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	3 Months Ended
	Nov. 30, 2022
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, 2022 $ 85,402 $ 8,569 $ 1,209 $ 95,180 Translation adjustments 10 87 - 97 Balance as of November 30, 2022 $ 85,412 $ 8,656 $ 1,209 $ 95,277 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, 2021, the date of its most recent annual goodwill impairment test, which was a qualitative assessment conducted during the second quarter of fiscal year 2022. 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 and, thus, a quantitative analysis was not required. 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, 2022 2022 Gross carrying amount $ 35,382 $ 35,166 Accumulated amortization ( 30,020 ) ( 29,578 ) Net carrying amount $ 5,362 $ 5,588 There has been no impairment charge for the three months ended November 30, 2022 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. Changes in the carrying amounts of definite-lived intangible assets by segment for the three months ended November 30, 2022 are summarized below (in thousands): Americas EMEA Asia-Pacific Total Balance as of August 31, 2022 $ 4,437 $ 1,151 $ - $ 5,588 Amortization expense ( 207 ) ( 46 ) - ( 253 ) Translation adjustments - 27 - 27 Balance as of November 30, 2022 $ 4,230 $ 1,132 $ - $ 5,362 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, 2022
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, 2022 2022 Accrued advertising and sales promotion expenses $ 13,286 $ 13,563 Accrued professional services fees 1,648 1,979 Accrued sales taxes and other taxes 1,456 995 Deferred revenue 2,403 4,988 Short-term operating lease liability 1,951 1,703 Other 3,984 3,933 Total $ 24,728 $ 27,161 Accrued payroll and related expenses consisted of the following (in thousands): November 30, August 31, 2022 2022 Accrued incentive compensation $ 2,546 $ 2,524 Accrued payroll 4,777 4,001 Accrued profit sharing 4,055 2,758 Accrued payroll taxes 2,351 1,779 Other 522 521 Total $ 14,251 $ 11,583

Debt

Debt	3 Months Ended
	Nov. 30, 2022
Debt [Abstract]
Debt	Note 7. Debt As of November 30, 2022, 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, as amended (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, 2022, 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, as amended (the “Credit Agreement”) with Bank of America, N.A. 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 November 29, 2021, the Company entered into its most recent amendment to the Credit Agreement (the “LIBOR Amendment”) with Bank of America, N.A. The LIBOR Amendment changed the Company’s index rates under the Credit Agreement for 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): November 30, August 31, Issuance Maturities 2022 2022 Credit Agreement – revolving credit facility (1) Various 9/30/2025 $ 82,439 $ 77,912 Note Agreement Series A Notes – 3.39 % fixed rate (2) 11/15/2017 2021 - 2032 16,000 16,400 Series B Notes – 2.50 % fixed rate (3) 9/30/2020 11/15/2027 26,000 26,000 Series C Notes – 2.69 % fixed rate (3) 9/30/2020 11/15/2030 26,000 26,000 Total borrowings 150,439 146,312 Short-term portion of borrowings ( 42,537 ) ( 39,173 ) Total long-term borrowings $ 107,902 $ 107,139 (1) The Company can refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of November 30, 2022, $ 40.7 million on this facility is classified as long-term and is denominated in Euros and Pound Sterling, whereas $ 41.7 million is classified as short-term and is denominated entirely in U.S. Dollar. 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 , resulting in $ 0.8 million classified as short-term. 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 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 November 30, 2022, 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, 2022
Share Repurchase Plan [Abstract]
Share Repurchase Plan	Note 8. Share Repurchase Plan On October 12, 2021, the Company’s Board of Directors (“Board”) approved a new share repurchase 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, 2022, the Company repurchased 160,982 shares at an average price of $ 206.38 per share, for a total cost of $ 33.2 million under this $ 75.0 million plan. During the three months ended November 30, 2022, the Company repurchased 22,420 shares at an average price of $ 181.60 per share, for a total cost of $ 4.1 million under this $ 75.0 million plan.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Nov. 30, 2022
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 stockholders (in thousands): Three Months Ended November 30, 2022 2021 Net income $ 13,997 $ 18,555 Less: Net income allocated to participating securities ( 54 ) ( 64 ) Net income available to common stockholders $ 13,943 $ 18,491 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, 2022 2021 Weighted-average common shares outstanding, basic 13,590 13,716 Weighted-average dilutive securities 19 36 Weighted-average common shares outstanding, diluted 13,609 13,752 For the three months ended November 30, 2022 and 2021, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 7,471 and 5,145 , respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive .

Revenue Recognition

Revenue Recognition	3 Months Ended
	Nov. 30, 2022
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, 2022: Americas EMEA Asia-Pacific Total Maintenance products $ 53,571 $ 38,729 $ 24,012 $ 116,312 HCCP (1) 4,443 2,043 2,095 8,581 Total net sales $ 58,014 $ 40,772 $ 26,107 $ 124,893 Three Months Ended November 30, 2021: Americas EMEA Asia-Pacific Total Maintenance 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 (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 $ 2.4 million and $ 5.0 million as of November 30, 2022 and August 31, 2022, respectively. All of the $ 5.0 million that was included in contract liabilities as of August 31, 2022 was recognized to revenue during the three months ended November 30, 2022. These contract liabilities are recorded in accrued liabilities on the Company ’ s condensed consolidated balance sheets. Contract assets are recorded if the Company has satisfied a performance obligation but does not yet have an unconditional right to consideration. The Company did no t have any contract assets as of November 30, 2022 and August 31, 2022. The Company has an unconditional right to payment for its trade and other accounts receivable on the Company’s condensed consolidated balance sheets. These receivables are presented net of an allowance for doubtful accounts, which were insignificant at both November 30, 2022 and August 31, 2022.

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Nov. 30, 2022
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 the finished products themselves until shipment to the Company’s third-party distribution centers or customers 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, 2022, 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. As of November 30, 2022, there were no unasserted claims or pending proceedings for claims against the Company that the Company believes will result in a probable loss. 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. 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, 2022 . 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, 2022 .

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2022
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 20.9 % and 19.8 % of income before income taxes for the three months ended November 30, 2022 and 2021, respectively. The increase in the effective income tax rate from period to period was primarily due to tax shortfalls from the settlements of stock-based equity awards, partially offset by a one-time tax-deductible charitable donation. The Company recorded tax shortfalls related to settlements of stock-based equity awards of $ 0.7 million during the first quarter of fiscal year 2023 compared to insignificant tax benefits related to these types of settlements in the first quarter of fiscal year 2022, resulting in a 5.1 % unfavorable impact on the Company’s effective tax rate from period to period. Partially offsetting this unfavorable impact was a one-time tax benefit associated with the Company’s donation of its former corporate headquarters building to a local San Diego community foundation that occurred in the first quarter of fiscal year 2023, resulting in a 4.2 % favorable impact on the Company’s effective tax rate. The building, net of its tax basis, is estimated to result in a charitable donation of $ 3.5 million and an approximate tax benefit of $ 0.7 million. 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 2018 are no longer subject to examination . The Company is currently under audit in various state jurisdictions for fiscal years 2018 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	3 Months Ended
	Nov. 30, 2022
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 income from operations. The Company is organized on the basis of geographical area into the following three segments: the Americas; EMEA; and Asia-Pacific. 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 November 30, 2022: Net sales $ 58,014 $ 40,772 $ 26,107 $ - $ 124,893 Income from operations $ 12,772 $ 6,283 $ 9,617 $ ( 9,993 ) $ 18,679 Depreciation and amortization expense $ 878 $ 897 $ 45 $ 76 $ 1,896 Interest income $ 4 $ 9 $ 31 $ - $ 44 Interest expense $ 890 $ 279 $ - $ - $ 1,169 November 30, 2021: Net sales $ 56,288 $ 57,555 $ 20,903 $ - $ 134,746 Income from operations $ 12,017 $ 14,213 $ 7,302 $ ( 9,472 ) $ 24,060 Depreciation and amortization expense $ 1,043 $ 784 $ 74 $ 86 $ 1,987 Interest income $ - $ - $ 25 $ - $ 25 Interest expense $ 498 $ 121 $ 1 $ - $ 620 (1) Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business segments. These expenses are reported separately 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 Event

Subsequent Event	3 Months Ended
	Nov. 30, 2022
Subsequent Event [Abstract]
Subsequent Event	Note 14. Subsequent Event Dividend Declaration On December 13, 2022, the Company’s Board approved a 6 % increase in the regular quarterly cash dividend, increasing it from $ 0.78 per share to $ 0.83 per share. The $ 0.83 per share dividend declared on December 13, 2022 is payable on January 31, 2023 to stockholders of record on January 13 , 2023 .

Basis Of Presentation And Sum_2

Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Nov. 30, 2022
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 generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations. The August 31, 2022 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 , 2022, which was filed with the SEC on October 24, 2022. 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 materially differ from those estimates. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year. 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. 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	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, 2022, the Company had no outstanding foreign currency forward contracts. Unrealized net gains and losses related to foreign currency forward contracts were no t significant at November 30, 2022 and August 31, 2022 . Realized net gains and losses related to foreign currency forward contracts were no t significant for the three months ended November 30, 2022 and 2021. 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. The Company has no assets or liabilities that are measured at fair value in the financial statements on a recurring basis, except for foreign currency forward contracts, into which the Company enters from time to time, and 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 $ 60.8 million as of November 30, 2022, 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 $ 68.0 million . During the three months ended November 30, 2022, the Company did no t record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 30, 2022
Inventories [Abstract]
Schedule Of Inventories	November 30, August 31, 2022 2022 Product held at third-party contract manufacturers $ 6,000 $ 7,915 Raw materials and components 17,723 13,952 Work-in-process 408 881 Finished goods 94,936 81,353 Total $ 119,067 $ 104,101

Property And Equipment And Ca_2

Property And Equipment And Capitalized Cloud-Based Software Implementation Costs (Tables)	3 Months Ended
	Nov. 30, 2022
Property And Equipment And Capitalized Cloud-Based Software Implementation Costs [Abstract]
Schedule Of Property And Equipment, Net	November 30, August 31, 2022 2022 Machinery, equipment and vehicles $ 44,489 $ 44,533 Buildings and improvements 26,521 27,958 Computer and office equipment 6,106 5,757 Internal-use software 9,884 9,591 Furniture and fixtures 2,693 2,669 Capital in progress 10,333 10,135 Land 4,164 4,240 Subtotal 104,190 104,883 Less: accumulated depreciation and amortization ( 38,532 ) ( 38,906 ) Total $ 65,658 $ 65,977

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	3 Months Ended
	Nov. 30, 2022
Goodwill And Other Intangible Assets [Abstract]
Summary Of Changes In Carrying Amounts Of Goodwill	Americas EMEA Asia-Pacific Total Balance as of August 31, 2022 $ 85,402 $ 8,569 $ 1,209 $ 95,180 Translation adjustments 10 87 - 97 Balance as of November 30, 2022 $ 85,412 $ 8,656 $ 1,209 $ 95,277
Summary Of Definite-Lived Intangible Assets	November 30, August 31, 2022 2022 Gross carrying amount $ 35,382 $ 35,166 Accumulated amortization ( 30,020 ) ( 29,578 ) Net carrying amount $ 5,362 $ 5,588
Summary Of Changes In Carrying Amounts Of Definite-Lived Intangible Assets By Segment	Americas EMEA Asia-Pacific Total Balance as of August 31, 2022 $ 4,437 $ 1,151 $ - $ 5,588 Amortization expense ( 207 ) ( 46 ) - ( 253 ) Translation adjustments - 27 - 27 Balance as of November 30, 2022 $ 4,230 $ 1,132 $ - $ 5,362

Accrued And Other Liabilities (

Accrued And Other Liabilities (Tables)	3 Months Ended
	Nov. 30, 2022
Accrued And Other Liabilities [Abstract]
Schedule Of Accrued Liabilities	November 30, August 31, 2022 2022 Accrued advertising and sales promotion expenses $ 13,286 $ 13,563 Accrued professional services fees 1,648 1,979 Accrued sales taxes and other taxes 1,456 995 Deferred revenue 2,403 4,988 Short-term operating lease liability 1,951 1,703 Other 3,984 3,933 Total $ 24,728 $ 27,161
Schedule Of Accrued Payroll And Related Expenses	November 30, August 31, 2022 2022 Accrued incentive compensation $ 2,546 $ 2,524 Accrued payroll 4,777 4,001 Accrued profit sharing 4,055 2,758 Accrued payroll taxes 2,351 1,779 Other 522 521 Total $ 14,251 $ 11,583

Debt (Tables)

Debt (Tables)	3 Months Ended
	Nov. 30, 2022
Debt [Abstract]
Schedule Of Short-term And Long-term Borrowings	November 30, August 31, Issuance Maturities 2022 2022 Credit Agreement – revolving credit facility (1) Various 9/30/2025 $ 82,439 $ 77,912 Note Agreement Series A Notes – 3.39 % fixed rate (2) 11/15/2017 2021 - 2032 16,000 16,400 Series B Notes – 2.50 % fixed rate (3) 9/30/2020 11/15/2027 26,000 26,000 Series C Notes – 2.69 % fixed rate (3) 9/30/2020 11/15/2030 26,000 26,000 Total borrowings 150,439 146,312 Short-term portion of borrowings ( 42,537 ) ( 39,173 ) Total long-term borrowings $ 107,902 $ 107,139 (1) The Company can refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of November 30, 2022, $ 40.7 million on this facility is classified as long-term and is denominated in Euros and Pound Sterling, whereas $ 41.7 million is classified as short-term and is denominated entirely in U.S. Dollar. 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 , resulting in $ 0.8 million classified as short-term. 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, 2022
Earnings Per Common Share [Abstract]
Schedule Of Reconciliation Of Net Income To Net Income Available To Common Shareholders	Three Months Ended November 30, 2022 2021 Net income $ 13,997 $ 18,555 Less: Net income allocated to participating securities ( 54 ) ( 64 ) Net income available to common stockholders $ 13,943 $ 18,491
Schedule Of Weighted Average Number Of Shares	Three Months Ended November 30, 2022 2021 Weighted-average common shares outstanding, basic 13,590 13,716 Weighted-average dilutive securities 19 36 Weighted-average common shares outstanding, diluted 13,609 13,752

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Nov. 30, 2022
Revenue Recognition [Abstract]
Schedule Of Revenues By Segment And Major Source	Three Months Ended November 30, 2022: Americas EMEA Asia-Pacific Total Maintenance products $ 53,571 $ 38,729 $ 24,012 $ 116,312 HCCP (1) 4,443 2,043 2,095 8,581 Total net sales $ 58,014 $ 40,772 $ 26,107 $ 124,893 Three Months Ended November 30, 2021: Americas EMEA Asia-Pacific Total Maintenance 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 (1) Homecare and cleaning products (“HCCP”)

Business Segments And Foreign_2

Business Segments And Foreign Operations (Tables)	3 Months Ended
	Nov. 30, 2022
Business Segments And Foreign Operations [Abstract]
Summarized Information By Reportable Segments	Unallocated For the Three Months Ended Americas EMEA Asia-Pacific Corporate (1) Total November 30, 2022: Net sales $ 58,014 $ 40,772 $ 26,107 $ - $ 124,893 Income from operations $ 12,772 $ 6,283 $ 9,617 $ ( 9,993 ) $ 18,679 Depreciation and amortization expense $ 878 $ 897 $ 45 $ 76 $ 1,896 Interest income $ 4 $ 9 $ 31 $ - $ 44 Interest expense $ 890 $ 279 $ - $ - $ 1,169 November 30, 2021: Net sales $ 56,288 $ 57,555 $ 20,903 $ - $ 134,746 Income from operations $ 12,017 $ 14,213 $ 7,302 $ ( 9,472 ) $ 24,060 Depreciation and amortization expense $ 1,043 $ 784 $ 74 $ 86 $ 1,987 Interest income $ - $ - $ 25 $ - $ 25 Interest expense $ 498 $ 121 $ 1 $ - $ 620 (1) Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business segments. These expenses are reported separately 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, 2022	Nov. 30, 2021	Aug. 31, 2022
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Realized foreign currency transactions	$ 0	$ 0
Unrealized foreign currency transactions	1,481,000	$ (541,000)
Carrying value of senior notes	107,902,000		$ 107,139,000
Assets	441,493,000		434,295,000
Liabilities	250,123,000		245,671,000
Foreign Currency Forward Contracts [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Foreign currency forward contracts outstanding	0
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
Senior Notes [Member] | Level 2 [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Fair value of senior notes	60,800,000
Carrying value of senior notes	$ 68,000,000

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Inventories [Abstract]
Product held at third-party contract manufacturers	$ 6,000	$ 7,915
Raw materials and components	17,723	13,952
Work-in-process	408	881
Finished goods	94,936	81,353
Total	$ 119,067	$ 104,101

Property And Equipment And Ca_3

Property And Equipment And Capitalized Cloud-Based Software Implementation Costs (Narrative) (Details) - Capitalized Cloud-Based Asset [Member] - USD ($)	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Aug. 31, 2022
Business Acquisition [Line Items]
Capitalized implementation costs	$ 7,600,000		$ 6,500,000
Accumulated amortization	500,000		$ 500,000
Amortization expense	$ 0	$ 0

Property And Equipment And Ca_4

Property And Equipment And Capitalized Cloud-Based Software Implementation Costs (Schedule Of Property And Equipment, Net) (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Property Plant And Equipment [Line Items]
Subtotal	$ 104,190	$ 104,883
Less: accumulated depreciation and amortization	(38,532)	(38,906)
Total	65,658	65,977
Machinery, Equipment And Vehicles [Member]
Property Plant And Equipment [Line Items]
Subtotal	44,489	44,533
Buildings And Improvements [Member]
Property Plant And Equipment [Line Items]
Subtotal	26,521	27,958
Computer And Office Equipment [Member]
Property Plant And Equipment [Line Items]
Subtotal	6,106	5,757
Internal-Use Software [Member]
Property Plant And Equipment [Line Items]
Subtotal	9,884	9,591
Furniture And Fixtures [Member]
Property Plant And Equipment [Line Items]
Subtotal	2,693	2,669
Capital In Progress [Member]
Property Plant And Equipment [Line Items]
Subtotal	10,333	10,135
Land [Member]
Property Plant And Equipment [Line Items]
Subtotal	$ 4,164	$ 4,240

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Nov. 30, 2022 USD ($)
Goodwill And Other Intangible Assets [Abstract]
Impairment of goodwill	$ 0
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, 2022 USD ($)
Goodwill [Line Items]
Balance, beginning	$ 95,180
Translation adjustments	97
Balance, ending	95,277
Americas [Member]
Goodwill [Line Items]
Balance, beginning	85,402
Translation adjustments	10
Balance, ending	85,412
EMEA [Member]
Goodwill [Line Items]
Balance, beginning	8,569
Translation adjustments	87
Balance, ending	8,656
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, 2022	Aug. 31, 2022
Goodwill And Other Intangible Assets [Abstract]
Gross carrying amount	$ 35,382	$ 35,166
Accumulated amortization	(30,020)	(29,578)
Net carrying amount	$ 5,362	$ 5,588

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, 2022	Nov. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 5,588
Amortization expense	(253)	$ (363)
Translation adjustments	27
Ending balance	5,362
Americas [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	4,437
Amortization expense	(207)
Translation adjustments
Ending balance	4,230
EMEA [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	1,151
Amortization expense	(46)
Translation adjustments	27
Ending balance	1,132
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, 2022	Aug. 31, 2022
Accrued And Other Liabilities [Abstract]
Accrued advertising and sales promotion expenses	$ 13,286	$ 13,563
Accrued professional services fees	1,648	1,979
Accrued sales taxes and other taxes	1,456	995
Deferred revenue	2,403	4,988
Short-term operating lease liability	1,951	1,703
Other	3,984	3,933
Total	$ 24,728	$ 27,161

Accrued And Other Liabilities_3

Accrued And Other Liabilities (Schedule Of Accrued Payroll And Related Expenses) (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Accrued And Other Liabilities [Abstract]
Accrued incentive compensation	$ 2,546	$ 2,524
Accrued payroll	4,777	4,001
Accrued profit sharing	4,055	2,758
Accrued payroll taxes	2,351	1,779
Other	522	521
Total	$ 14,251	$ 11,583

Debt (Narrative) (Details)

Debt (Narrative) (Details) $ in Millions	3 Months Ended
	Nov. 30, 2022 USD ($) agreement
Debt Instrument [Line Items]
Number of agreements | agreement	2
Other Unsecured Debt [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 125
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
Europe, The Middle East, Africa And India Subsidiary [Member] | Credit Agreement - Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 100

Debt (Schedule Of Short-term An

Debt (Schedule Of Short-term And Long-term Borrowings) (Details) - USD ($) $ in Thousands		3 Months Ended
		Nov. 30, 2022	Aug. 31, 2022
Debt Instrument [Line Items]
Total Borrowings		$ 150,439	$ 146,312
Short-term portion of borrowings		(42,537)	(39,173)
Long-term borrowings		$ 107,902	107,139
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]	$ 16,000	16,400
Short term portion of long-term debt		$ 800
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]	$ 82,439	$ 77,912
Long-term borrowings		40,700
Short term portion of long-term debt		$ 41,700
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 , resulting in $ 0.8 million classified as short-term. The remaining outstanding principal in the amount of $ 8.4 million will become due on November 15, 2032 . Interest on notes is payable semi-annually in May and November of each year with no principal due until the maturity date. The Company can refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of November 30, 2022, $ 40.7 million on this facility is classified as long-term and is denominated in Euros and Pound Sterling, whereas $ 41.7 million is classified as short-term and is denominated entirely in U.S. Dollar. 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	3 Months Ended		13 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Oct. 12, 2021
Share Repurchase Plan [Abstract]
Share buy-back plan, amount authorized				$ 75,000
Share buy-back plan, number of shares repurchased	22,420		160,982
Average price of shares repurchased	$ 181.60		$ 206.38
Total cost of repurchased shares	$ 4,072	$ 7,386	$ 33,200

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details) - shares	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Earnings Per Common Share [Abstract]
Anti-dilutive stock options outstanding	7,471	5,145

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, 2022	Nov. 30, 2021
Earnings Per Common Share [Abstract]
Net income	$ 13,997	$ 18,555
Less: Net income allocated to participating securities	(54)	(64)
Net income available to common stockholders	$ 13,943	$ 18,491

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, 2022	Nov. 30, 2021
Earnings Per Common Share [Abstract]
Weighted-average common shares outstanding, basic	13,590	13,716
Weighted-average dilutive securities	19	36
Weighted-average common shares outstanding, diluted	13,609	13,752

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022	Aug. 31, 2021
Revenue Recognition [Abstract]
Contract liabilities	$ 2,400	$ 5,000	$ 5,000
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, 2022	Nov. 30, 2021
Revenue from External Customer [Line Items]
Total net sales		$ 124,893	$ 134,746
Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		116,312	126,030
HCCP [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	8,581	8,716
Americas [Member]
Revenue from External Customer [Line Items]
Total net sales		58,014	56,288
Americas [Member] | Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		53,571	51,984
Americas [Member] | HCCP [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	4,443	4,304
EMEA [Member]
Revenue from External Customer [Line Items]
Total net sales		40,772	57,555
EMEA [Member] | Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		38,729	55,443
EMEA [Member] | HCCP [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	2,043	2,112
Asia-Pacific [Member]
Revenue from External Customer [Line Items]
Total net sales		26,107	20,903
Asia-Pacific [Member] | Maintenance Products [Member]
Revenue from External Customer [Line Items]
Total net sales		24,012	18,603
Asia-Pacific [Member] | HCCP [Member]
Revenue from External Customer [Line Items]
Total net sales	[1]	$ 2,095	$ 2,300
[1] Homecare and cleaning products (“HCCP”)

Commitments And Contingencies (

Commitments And Contingencies (Narrative) (Details)	3 Months Ended
	Nov. 30, 2022 USD ($)
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) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Income Taxes [Abstract]
Provision for income taxes	20.90%	19.80%
Tax shortfalls related to settlements of stock-based equity awards	$ 0.7
Unfavorable impact on effective tax rate due to tax shortfall	5.10%
Favorable impact on effective tax rate due to charitable donation	4.20%
Charitable donation amount	$ 3.5
Tax benefit related to charitable donation	$ 0.7

Business Segments And Foreign_3

Business Segments And Foreign Operations (Summarized Information By Reportable Segments) (Details) $ in Thousands		3 Months Ended
		Nov. 30, 2022 USD ($) item	Nov. 30, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | item		3
Net sales		$ 124,893	$ 134,746
Income from operations		18,679	24,060
Depreciation and amortization expense		1,896	1,987
Interest income		44	25
Interest expense		1,169	620
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Income from operations	[1]	(9,993)	(9,472)
Depreciation and amortization expense	[1]	76	86
Americas Segment [Member]
Segment Reporting Information [Line Items]
Net sales		58,014	56,288
Income from operations		12,772	12,017
Depreciation and amortization expense		878	1,043
Interest income		4
Interest expense		890	498
EMEA Segments [Member]
Segment Reporting Information [Line Items]
Net sales		40,772	57,555
Income from operations		6,283	14,213
Depreciation and amortization expense		897	784
Interest income		9
Interest expense		279	121
Asia-Pacific Segment [Member]
Segment Reporting Information [Line Items]
Net sales		26,107	20,903
Income from operations		9,617	7,302
Depreciation and amortization expense		45	74
Interest income		$ 31	25
Interest expense			$ 1
[1] Unallocated corporate expenses are general corporate overhead expenses not directly attributable to any one of the business segments. These expenses are reported separately 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 Event (Narrative) (D

Subsequent Event (Narrative) (Details) - Subsequent Events [Member] - $ / shares	Dec. 13, 2022	Dec. 12, 2022
Subsequent Events [Line Items]
Percentage increase in quarterly cash dividend	6%
Cash dividend declared	$ 0.83	$ 0.78
Dividend payable, declared date	Dec. 13, 2022
Dividends payable, date to be paid	Jan. 31, 2023
Dividend payable, record date	Jan. 13, 2023