WD-40 (WDFC) 10-Q 9 Apr 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Feb. 29, 2024	Apr. 03, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Feb. 29, 2024
Document Transition Report	false
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
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		13,552,637
Entity Central Index Key	0000105132
Current Fiscal Year End Date	--08-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Current assets:
Cash and cash equivalents	$ 55,443	$ 48,143
Trade and other accounts receivable, net	104,794	98,039
Inventories	78,029	86,522
Other current assets	12,248	15,821
Total current assets	250,514	248,525
Property and equipment, net	64,575	66,791
Goodwill	95,499	95,505
Other intangible assets, net	4,165	4,670
Right-of-use assets	10,968	7,820
Deferred tax assets, net	1,189	1,201
Other assets	15,111	13,454
Total assets	442,021	437,966
Current liabilities:
Accounts payable	32,405	30,826
Accrued liabilities	31,710	30,000
Accrued payroll and related expenses	14,869	16,722
Short-term borrowings	29,790	10,800
Income taxes payable	1,657	494
Total current liabilities	110,431	88,842
Long-term borrowings	85,894	109,743
Deferred tax liabilities, net	10,987	10,305
Long-term operating lease liabilities	5,509	5,832
Other long-term liabilities	12,922	13,066
Total liabilities	225,743	227,788
Commitments and Contingencies (Note 12)
Stockholders’ equity:
Common stock — authorized 36,000,000 shares, $0.001 par value; 19,920,049 and 19,905,815 shares issued at February 29, 2024 and August 31, 2023, respectively; and 13,554,668 and 13,563,434 shares outstanding at February 29, 2024 and August 31, 2023, respectively	20	20
Additional paid-in capital	173,263	171,546
Retained earnings	487,233	477,488
Accumulated other comprehensive loss	(31,249)	(31,206)
Common stock held in treasury, at cost — 6,365,381 and 6,342,381 shares at February 29, 2024 and August 31, 2023, respectively	(412,989)	(407,670)
Total stockholders’ equity	216,278	210,178
Total liabilities and stockholders’ equity	$ 442,021	$ 437,966

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Feb. 29, 2024	Aug. 31, 2023
Statement of Financial Position [Abstract]
Common stock, authorized (in shares)	36,000,000	36,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, issued (in shares)	19,920,049	19,905,815
Common stock, outstanding (in shares)	13,554,668	13,563,434
Treasury stock, shares (in shares)	6,365,381	6,342,381

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Income Statement [Abstract]
Net sales	$ 139,105	$ 130,193	$ 279,521	$ 255,086
Cost of products sold	66,164	64,115	131,027	124,753
Gross profit	72,941	66,078	148,494	130,333
Operating expenses:
Selling, general and administrative	45,023	37,690	89,158	77,674
Advertising and sales promotion	6,725	5,985	13,708	11,324
Amortization of definite-lived intangible assets	252	250	503	503
Total operating expenses	52,000	43,925	103,369	89,501
Income from operations	20,941	22,153	45,125	40,832
Other income (expense):
Interest income	66	51	140	95
Interest expense	(1,008)	(1,502)	(2,154)	(2,671)
Other (expense) income, net	(193)	165	(233)	315
Income before income taxes	19,806	20,867	42,878	38,571
Provision for income taxes	4,270	4,341	9,860	8,048
Net income	$ 15,536	$ 16,526	$ 33,018	$ 30,523
Earnings per common share:
Basic (in dollars per share)	$ 1.14	$ 1.21	$ 2.43	$ 2.24
Diluted (in dollars per share)	$ 1.14	$ 1.21	$ 2.42	$ 2.23
Shares used in per share calculations:
Basic (in shares)	13,558	13,583	13,559	13,586
Diluted (in shares)	13,583	13,608	13,583	13,608

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 15,536	$ 16,526	$ 33,018	$ 30,523
Other comprehensive income (loss):
Foreign currency translation adjustment	(433)	8	(43)	1,344
Total comprehensive income	$ 15,103	$ 16,534	$ 32,975	$ 31,867

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance (in shares) at Aug. 31, 2022		19,888,807
Beginning balance at Aug. 31, 2022	$ 188,624	$ 20	$ 165,973	$ 456,076	$ (36,209)	$ (397,236)
Beginning balance (in shares) at Aug. 31, 2022						6,286,461
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes (in shares)		7,670
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes	(600)		(600)
Stock-based compensation	2,719		2,719
Cash dividends	(10,634)			(10,634)
Repurchases of common stock (in shares)						22,420
Repurchases of common stock	(4,072)					$ (4,072)
Foreign currency translation adjustment	1,336				1,336
Net income	13,997			13,997
Ending balance (in shares) at Nov. 30, 2022		19,896,477
Ending balance at Nov. 30, 2022	191,370	$ 20	168,092	459,439	(34,873)	$ (401,308)
Ending balance (in shares) at Nov. 30, 2022						6,308,881
Beginning balance (in shares) at Aug. 31, 2022		19,888,807
Beginning balance at Aug. 31, 2022	188,624	$ 20	165,973	456,076	(36,209)	$ (397,236)
Beginning balance (in shares) at Aug. 31, 2022						6,286,461
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment	1,344
Net income	30,523
Ending balance (in shares) at Feb. 28, 2023		19,896,477
Ending balance at Feb. 28, 2023	197,272	$ 20	170,353	464,641	(34,865)	$ (402,877)
Ending balance (in shares) at Feb. 28, 2023						6,318,131
Beginning balance (in shares) at Nov. 30, 2022		19,896,477
Beginning balance at Nov. 30, 2022	191,370	$ 20	168,092	459,439	(34,873)	$ (401,308)
Beginning balance (in shares) at Nov. 30, 2022						6,308,881
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	2,261		2,261
Cash dividends	(11,324)			(11,324)
Repurchases of common stock (in shares)						9,250
Repurchases of common stock	(1,569)					$ (1,569)
Foreign currency translation adjustment	8				8
Net income	16,526			16,526
Ending balance (in shares) at Feb. 28, 2023		19,896,477
Ending balance at Feb. 28, 2023	$ 197,272	$ 20	170,353	464,641	(34,865)	$ (402,877)
Ending balance (in shares) at Feb. 28, 2023						6,318,131
Beginning balance (in shares) at Aug. 31, 2023	13,563,434	19,905,815
Beginning balance at Aug. 31, 2023	$ 210,178	$ 20	171,546	477,488	(31,206)	$ (407,670)
Beginning balance (in shares) at Aug. 31, 2023	6,342,381					6,342,381
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes (in shares)		5,680
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes	$ (678)		(678)
Stock-based compensation	2,271		2,271
Cash dividends	(11,297)			(11,297)
Repurchases of common stock (in shares)						11,500
Repurchases of common stock	(2,414)					$ (2,414)
Foreign currency translation adjustment	390				390
Net income	17,482			17,482
Ending balance (in shares) at Nov. 30, 2023		19,911,495
Ending balance at Nov. 30, 2023	$ 215,932	$ 20	173,139	483,673	(30,816)	$ (410,084)
Ending balance (in shares) at Nov. 30, 2023						6,353,881
Beginning balance (in shares) at Aug. 31, 2023	13,563,434	19,905,815
Beginning balance at Aug. 31, 2023	$ 210,178	$ 20	171,546	477,488	(31,206)	$ (407,670)
Beginning balance (in shares) at Aug. 31, 2023	6,342,381					6,342,381
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment	$ (43)
Net income	$ 33,018
Ending balance (in shares) at Feb. 29, 2024	13,554,668	19,920,049
Ending balance at Feb. 29, 2024	$ 216,278	$ 20	173,263	487,233	(31,249)	$ (412,989)
Ending balance (in shares) at Feb. 29, 2024	6,365,381					6,365,381
Beginning balance (in shares) at Nov. 30, 2023		19,911,495
Beginning balance at Nov. 30, 2023	$ 215,932	$ 20	173,139	483,673	(30,816)	$ (410,084)
Beginning balance (in shares) at Nov. 30, 2023						6,353,881
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes (in shares)		8,554
Issuance of common stock under share-based compensation plan, net of shares withheld for taxes	(1,742)		(1,742)
Stock-based compensation	1,866		1,866
Cash dividends	(11,976)			(11,976)
Repurchases of common stock (in shares)						11,500
Repurchases of common stock	(2,905)					$ (2,905)
Foreign currency translation adjustment	(433)				(433)
Net income	$ 15,536			15,536
Ending balance (in shares) at Feb. 29, 2024	13,554,668	19,920,049
Ending balance at Feb. 29, 2024	$ 216,278	$ 20	$ 173,263	$ 487,233	$ (31,249)	$ (412,989)
Ending balance (in shares) at Feb. 29, 2024	6,365,381					6,365,381

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Feb. 28, 2023	Nov. 30, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends (in dollars per share)	$ 0.88	$ 0.83	$ 0.83	$ 0.78

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Feb. 28, 2023	Nov. 30, 2022	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023
Operating activities:
Net income	$ 15,536	$ 17,482	$ 16,526	$ 13,997	$ 33,018	$ 30,523
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,422		1,968		4,683	3,864
Net (gains) losses on sales and disposals of property and equipment					(108)	83
Deferred income taxes					711	(224)
Stock-based compensation					4,137	4,980
Amortization of implementation costs associated with cloud computing arrangements					313	150
Unrealized foreign currency exchange losses (gains)					245	(1,820)
Provision for credit losses					122	53
Write-off of inventories					1,088	568
Changes in assets and liabilities:
Trade and other accounts receivable					(7,071)	(9,689)
Inventories					7,267	(4,159)
Other assets					(2,256)	(930)
Operating lease assets and liabilities, net					(16)	60
Accounts payable and accrued liabilities					3,612	(3,059)
Accrued payroll and related expenses					(1,872)	260
Other long-term liabilities and income taxes payable					1,019	287
Net cash provided by operating activities					44,892	20,947
Investing activities:
Purchases of property and equipment					(2,092)	(3,571)
Proceeds from sales of property and equipment					349	290
Net cash used in investing activities					(1,743)	(3,281)
Financing activities:
Treasury stock purchases					(5,319)	(5,641)
Dividends paid					(23,273)	(21,958)
Repayments of long-term senior notes					(400)	(400)
Net (repayments) proceeds from revolving credit facility					(4,177)	8,305
Shares withheld to cover taxes upon conversions of equity awards					(2,420)	(600)
Net cash used in financing activities					(35,589)	(20,294)
Effect of exchange rate changes on cash and cash equivalents					(260)	2,777
Net increase in cash and cash equivalents					7,300	149
Cash and cash equivalents at beginning of period		$ 48,143		$ 37,843	48,143	37,843	$ 37,843
Cash and cash equivalents at end of period	$ 55,443		$ 37,992		55,443	37,992	$ 48,143
Supplemental disclosure of noncash investing activities:
Accrued capital expenditures					125	137
Finance lease obligation settled with prepaid deposit					$ 3,855	$ 0

The Company

The Company	6 Months Ended
	Feb. 29, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	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 hardware stores, automotive parts outlets, industrial distributors and suppliers, mass retail and home center stores, value retailers, grocery stores, online retailers, warehouse club stores, farm supply, sport retailers, and independent bike dealers.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Feb. 29, 2024
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Basis of Consolidation The unaudited condensed consolidated financial statements included herein have been prepared by the Company 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, 2023 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 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. Global economic conditions have been adversely impacted and financial markets have experienced significant volatility in recent years. 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 factors that have been subject to such volatility and how management expects them to change in the future, as appropriate. It is possible that actual results experienced may differ materially from the Company’s estimates in future periods, which could materially affect its 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 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 condensed consolidated statements of operations. Cash flows from settlements of foreign currency forward contracts are included in operating activities in the condensed 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 condensed consolidated balance sheets. At February 29, 2024, the Company had a notional amount of $9.9 million outstanding in foreign currency forward contracts, which will mature in March 2024. Unrealized net gains and losses related to foreign currency forward contracts were not significant at February 29, 2024 and August 31, 2023. Realized net gains and losses related to foreign currency forward contracts were not significant for the three and six months ended February 29, 2024 and February 28, 2023. Both unrealized and realized net gains and losses are recorded in other (expense) income, net in 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 February 29, 2024, the Company had no assets or liabilities that are measured at fair value in the financial statements on a recurring basis, except for 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 $60.1 million as of February 29, 2024, 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 $67.2 million. During the six months ended February 29, 2024, the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition. Recently Issued Accounting Standards In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” These amendments primarily require enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss. The amendments are effective for the Company’s annual periods beginning September 1, 2024, and interim periods beginning September 1, 2025, with early adoption permitted, and will be applied retrospectively to all prior periods presented in the financial statements. The Company is in the process of evaluating this ASU to determine its impact on the Company’s disclosures. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning September 1, 2025, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is in the process of evaluating this ASU to determine its impact on the Company’s disclosures.

Inventories

Inventories	6 Months Ended
	Feb. 29, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in thousands): February 29, August 31, Product held at third-party contract manufacturers $ 5,031 $ 6,680 Raw materials and components 10,566 11,924 Work-in-process 277 497 Finished goods 62,155 67,421 Total $ 78,029 $ 86,522

Property and Equipment and Capi

Property and Equipment and Capitalized Cloud-Based Software Implementation Costs	6 Months Ended
	Feb. 29, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment and Capitalized Cloud-Based Software Implementation Costs	Property and Equipment and Capitalized Cloud-Based Software Implementation Costs Property and equipment, net, consisted of the following (in thousands): February 29, August 31, Machinery, equipment and vehicles $ 54,561 $ 49,804 Buildings and improvements 27,606 27,555 Computer and office equipment 6,404 6,151 Internal-use software 9,671 11,277 Furniture and fixtures 3,050 3,027 Capital in progress 3,900 7,937 Land 4,218 4,220 Subtotal 109,410 109,971 Less: accumulated depreciation and amortization (44,835) (43,180) Total $ 64,575 $ 66,791 As of February 29, 2024 and August 31, 2023, the Company’s condensed consolidated balance sheets included $12.7 million and $11.0 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 implementation costs related to a new cloud-based enterprise resource planning (“ERP”) system which the Company placed into service in the U.S. during the second quarter of fiscal year 2024. The useful lives of the Company’s internal-use software and capitalized cloud computing implementation costs are generally three

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The following table summarizes the changes in the carrying amounts of goodwill by segment (in thousands): Americas EIMEA Asia-Pacific Total Balance as of August 31, 2023 $ 85,436 $ 8,860 $ 1,209 $ 95,505 Translation adjustments (1) (5) - (6) Balance as of February 29, 2024 $ 85,435 $ 8,855 $ 1,209 $ 95,499 During the second quarter of fiscal year 2024, the Company performed its annual goodwill impairment test. The annual goodwill impairment test was performed at the reporting unit level as of the Company’s most recent goodwill impairment testing date, December 1, 2023. The Company performed a quantitative assessment to determine whether the fair value of any of its reporting units was less than each reporting unit’s carrying amount. The Company determined the fair value of its reporting units by following the income approach, which uses a discounted cash flow methodology. The discounted cash flow methodology bases the fair value of each reporting unit on the present value of its estimated future cash flows. The discounted cash flow methodology also requires that management make assumptions about certain key inputs in the estimated cash flows, including long-term sales forecasts or growth rates, terminal growth rates and discount rates, all of which are inherently uncertain. The forecast of future cash flows was primarily based on historical data and management’s best estimates of sales growth rates and operating margins for each reporting unit for the next five fiscal years. The discount rate used was based on management’s estimate of the current weighted-average cost of capital for each reporting unit. As these assumptions are largely unobservable, the estimated fair values fall within Level 3 of the fair value hierarchy. Based on quantitative analysis, the Company determined that the estimated fair value of each of its reporting units significantly exceeded their respective carrying values. As a result, the Company concluded that no impairment of its goodwill existed as of December 1, 2023. In addition, the Company concluded that 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, 2023 through February 29, 2024. To date, there have been no impairment losses identified and recorded related to the Company’s goodwill. Definite-lived Intangible Assets The net carrying value of the Company’s definite-lived intangible assets, which include the Spot Shot, Carpet Fresh, 1001, EZ REACH and GT85 trade names, was $4.2 million and $4.7 million as of February 29, 2024 and August 31, 2023, respectively. These balances are classified as other intangible assets, net in the Company’s condensed consolidated balance sheets. Amortization expense related to these assets was not material for the three and six months ended February 29, 2024 and February 28, 2023.

Leases

Leases	6 Months Ended
	Feb. 29, 2024
Leases [Abstract]
Leases	Leases Right-of-use assets and lease liabilities consisted of the following (in thousands): February 29, August 31, Assets: Operating lease right-of-use assets $ 7,241 $ 7,820 Finance lease right-of-use asset 3,727 - Total right-of-use assets $ 10,968 $ 7,820 Liabilities: Current operating lease liabilities (1) $ 1,864 $ 2,144 Long-term operating lease liabilities 5,509 5,832 Total operating lease liabilities $ 7,373 $ 7,976 (1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets.
Leases	Leases Right-of-use assets and lease liabilities consisted of the following (in thousands): February 29, August 31, Assets: Operating lease right-of-use assets $ 7,241 $ 7,820 Finance lease right-of-use asset 3,727 - Total right-of-use assets $ 10,968 $ 7,820 Liabilities: Current operating lease liabilities (1) $ 1,864 $ 2,144 Long-term operating lease liabilities 5,509 5,832 Total operating lease liabilities $ 7,373 $ 7,976 (1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets.

Accrued and Other Liabilities

Accrued and Other Liabilities	6 Months Ended
	Feb. 29, 2024
Payables and Accruals [Abstract]
Accrued and Other Liabilities	Accrued and Other Liabilities Accrued liabilities consisted of the following (in thousands): February 29, August 31, Accrued advertising and sales promotion expenses $ 15,671 $ 14,472 Accrued professional services fees 2,792 1,924 Accrued sales taxes and other taxes 2,981 2,618 Deferred revenue 3,340 4,552 Short-term operating lease liability 1,864 2,144 Other 5,062 4,290 Total $ 31,710 $ 30,000 Accrued payroll and related expenses consisted of the following (in thousands): February 29, August 31, Accrued incentive compensation $ 5,844 $ 6,698 Accrued payroll 5,441 4,298 Accrued payroll taxes 1,665 1,650 Accrued profit sharing 1,406 3,561 Other 513 515 Total $ 14,869 $ 16,722

Debt

Debt	6 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Debt	Debt As of February 29, 2024, 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 February 29, 2024, 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, India, the Middle East and Africa. 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): Issuance Maturities February 29, August 31, Credit Agreement – revolving credit facility (1) Various 9/30/2025 $ 48,484 $ 52,943 Note Agreement Series A Notes – 3.39% fixed rate (2) 11/15/2017 2024-2032 15,200 15,600 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 115,684 120,543 Short-term portion of borrowings (29,790) (10,800) Total long-term borrowings $ 85,894 $ 109,743 (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 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 February 29, 2024, $19.5 million of this facility was classified as long-term and was entirely denominated in Euros. $29.0 million was classified as short-term and was denominated in U.S. Dollars and Pounds Sterling. As of August 31, 2023, $42.9 million on this facility was classified as long-term and was denominated in Euros and Pounds Sterling. $10.0 million was classified as short-term and was denominated entirely in U.S. Dollars. Euro and Pound Sterling denominated draws 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 February 29, 2024, the Company was in compliance with all debt covenants under both the Note Agreement and the Credit Agreement.

Share Repurchase Plan

Share Repurchase Plan	6 Months Ended
	Feb. 29, 2024
Equity [Abstract]
Share Repurchase Plan	Share Repurchase Plan On June 19, 2023, the Company’s Board (the “Board”) approved a share repurchase plan (the “2023 Repurchase Plan”). Under the 2023 Repurchase Plan, which became effective on September 1, 2023, the Company is authorized to acquire up to $50.0 million of its outstanding shares through August 31, 2025. 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 six months ended February 29, 2024, the Company repurchased 23,000 shares at an average price of $231.26 per share, for a total cost of $5.3 million under this $50.0 million plan.

Earnings per Common Share

Earnings per Common Share	6 Months Ended
	Feb. 29, 2024
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share The table below reconciles net income to net income available to common stockholders (in thousands): Three Months Ended February 29/28, Six Months Ended February 29/28, 2024 2023 2024 2023 Net income $ 15,536 $ 16,526 $ 33,018 $ 30,523 Less: Net income allocated to participating securities (56) (71) (122) (125) Net income available to common stockholders $ 15,480 $ 16,455 $ 32,896 $ 30,398 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 February 29/28, Six Months Ended February 29/28, 2024 2023 2024 2023 Weighted-average common shares outstanding, basic 13,558 13,583 13,559 13,586 Weighted-average dilutive securities 25 25 24 22 Weighted-average common shares outstanding, diluted 13,583 13,608 13,583 13,608 For the three months ended February 29, 2024, there were no anti-dilutive stock-based equity awards outstanding. For the six months ended February 29, 2024, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 2,702 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive. For the three and six months ended February 28, 2023, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 10,734 and 9,103, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive .

Revenue

Revenue	6 Months Ended
	Feb. 29, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following table presents the Company’s revenues by segment and major source (in thousands): Three Months Ended February 29, 2024 Six Months Ended February 29, 2024 Americas EIMEA Asia-Pacific Total Americas EIMEA Asia-Pacific Total WD-40 Multi-Use Product $ 49,043 $ 41,572 $ 16,619 $ 107,234 $ 97,554 $ 78,616 $ 38,741 $ 214,911 WD-40 Specialist 7,090 7,525 2,202 16,817 14,198 14,191 5,270 33,659 Other maintenance products (1) 4,003 3,009 176 7,188 8,129 6,071 614 14,814 Total maintenance products 60,136 52,106 $ 18,997 $ 131,239 119,881 98,878 44,625 263,384 HCCP (2) 3,371 2,207 2,288 7,866 7,701 4,189 4,247 16,137 Total net sales $ 63,507 $ 54,313 $ 21,285 $ 139,105 $ 127,582 $ 103,067 $ 48,872 $ 279,521 Three Months Ended February 28, 2023 Six Months Ended February 28, 2023 Americas EIMEA Asia-Pacific Total Americas EIMEA Asia-Pacific Total WD-40 Multi-Use Product $ 48,405 $ 35,660 $ 16,196 $ 100,261 $ 91,562 $ 65,838 $ 37,449 $ 194,849 WD-40 Specialist $ 6,875 $ 6,122 $ 2,277 $ 15,274 13,700 12,133 4,847 30,680 Other maintenance products (1) $ 3,846 $ 2,569 $ 154 $ 6,569 7,435 5,109 343 12,887 Total maintenance products $ 59,126 $ 44,351 $ 18,627 $ 122,104 112,697 83,080 42,639 238,416 HCCP (2) 3,764 2,458 1,867 8,089 8,207 4,501 3,962 16,670 Total net sales $ 62,890 $ 46,809 $ 20,494 $ 130,193 $ 120,904 $ 87,581 $ 46,601 $ 255,086 (1) Other maintenance products consist of the 3-IN-ONE and GT85 brands. (2) 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 $3.3 million and $4.6 million as of February 29, 2024 and August 31, 2023, respectively. Substantially all of the $4.6 million that was included in contract liabilities as of August 31, 2023 was recognized to revenue during the six months ended February 29, 2024. 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 not have any contract assets as of February 29, 2024 and August 31, 2023. 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 credit losses of $0.6 million as of February 29, 2024 and which was not significant as of August 31, 2023.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Feb. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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 contractual minimum purchase obligations with certain contract manufacturers, such obligations are either immaterial or 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 February 29, 2024, 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 February 29, 2024, 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 February 29, 2024. 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 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 February 29, 2024.

Income Taxes

Income Taxes	6 Months Ended
	Feb. 29, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company uses an estimated annual effective tax rate, which is based on expected annual income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which the Company operates, to determine its quarterly provision for income taxes. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability in the effective tax rates from quarter to quarter. The provision for income taxes was 21.6% and 20.8% of income before income taxes for the three months ended February 29, 2024 and February 28, 2023, respectively. This 0.8% increase in the effective tax rate from period to period was primarily due to the following impacts: Description of impacts on the Company’s estimated annual effective tax rate Unfavorable/(Favorable) Higher tax rates in certain foreign jurisdictions from period to period 1.7% An increase in non-deductible performance based compensation 0.7% Windfalls from the settlement of stock-based equity awards in the second quarter of fiscal year 2024 (0.8)% Benefits related to income tax positions affected by expiring statutes of limitation (0.6)% The provision for income taxes was 23.0% and 20.9% of income before income taxes for the six months ended February 29, 2024 and February 28, 2023, respectively. This 2.1% increase in the effective tax rate from period to period was primarily due to the following impacts: Description of impacts on the Company’s estimated annual effective tax rate Unfavorable/(Favorable) A non-recurring charitable donation made in the first quarter of fiscal year 2023 1.9% Higher tax rates in certain foreign jurisdictions from period to period 1.4% Lower year to date shortfalls from the settlements of stock-based equity awards in fiscal year 2024 (1.3)% 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 2020 are no longer subject to examination. The Company is currently under audit in various state jurisdictions for fiscal years 2021 through 2022. The Company has estimated that up to $12.4 million of unrecognized tax benefits related to income tax positions may be affected by the resolution of tax examinations or expiring statutes of limitation within the next twelve months. This includes $12.1 million associated with the Tax Cuts and Jobs Act’s mandatory one-time “toll tax” on unremitted foreign earnings. Audit outcomes and the timing of settlements are subject to significant uncertainty.

Business Segments and Foreign O

Business Segments and Foreign Operations	6 Months Ended
	Feb. 29, 2024
Segment Reporting [Abstract]
Business Segments and Foreign Operations	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; EIMEA; 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. 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): For the Three Months Ended Americas EIMEA Asia-Pacific Unallocated Corporate (1) Total February 29, 2024 Net sales $ 63,507 $ 54,313 $ 21,285 $ - $ 139,105 Income from operations $ 13,220 $ 12,087 $ 7,489 $ (11,855) $ 20,941 Depreciation and amortization expense (2) $ 1,144 $ 1,150 $ 56 $ 72 $ 2,422 Interest income $ - $ 36 $ 30 $ - $ 66 Interest expense $ 505 $ 502 $ 1 $ - $ 1,008 February 28, 2023 Net sales $ 62,890 $ 46,809 $ 20,494 $ - $ 130,193 Income from operations $ 13,712 $ 10,383 $ 7,023 $ (8,965) $ 22,153 Depreciation and amortization expense (2) $ 869 $ 973 $ 51 $ 75 $ 1,968 Interest income $ - $ 26 $ 25 $ - $ 51 Interest expense $ 1,087 $ 413 $ 2 $ - $ 1,502 For the Six Months Ended February 29, 2024 Net sales $ 127,582 $ 103,067 $ 48,872 $ - $ 279,521 Income from operations $ 27,416 $ 21,602 $ 18,514 $ (22,407) $ 45,125 Depreciation and amortization expense (2) $ 2,195 $ 2,224 $ 113 $ 151 $ 4,683 Interest income $ - $ 82 $ 58 $ - $ 140 Interest expense $ 1,065 $ 1,086 $ 3 $ - $ 2,154 February 28, 2023 Net sales $ 120,904 $ 87,581 $ 46,601 $ - $ 255,086 Income from operations $ 26,484 $ 16,666 $ 16,640 $ (18,958) $ 40,832 Depreciation and amortization expense (2) $ 1,747 $ 1,870 $ 96 $ 151 $ 3,864 Interest income $ 4 $ 35 $ 56 $ - $ 95 Interest expense $ 1,977 $ 692 $ 2 $ - $ 2,671 (1) These expenses are reported separately from the Company’s identified segments and are included in selling, general and administrative expenses in the Company’s condensed consolidated statements of operations. (2) Amortization presented above includes amortization of definite-lived intangible assets and excludes amortization of implementation costs associated with cloud computing arrangements. 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	6 Months Ended
	Feb. 29, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Acquisition of Theron Marketing On March 4, 2024, the Company acquired a Brazilian marketing distributor, Theron Marketing Ltda. (“Theron”). Theron had been the exclusive distributor of WD-40 Brand products in Brazil for the last 27 years. Pursuant to the terms of the transaction, WD-40 Holding Company Brasil Ltda., a wholly owned subsidiary of the Company established during the three months ended February 29, 2024, acquired all outstanding shares of capital stock of Theron for cash of approximately $6.9 million (subject to a 90-day post closing adjustment). With this transaction, the Company began direct distribution within Brazil in March 2024. Dividend Declaration On March 19, 2024, the Company’s Board declared a cash dividend of $0.88 per share payable on April 30, 2024 to stockholders of record on April 19, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Feb. 28, 2023	Nov. 30, 2022	Feb. 29, 2024	Feb. 28, 2023
Pay vs Performance Disclosure
Net income	$ 15,536	$ 17,482	$ 16,526	$ 13,997	$ 33,018	$ 30,523

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Feb. 29, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Feb. 29, 2024
Accounting Policies [Abstract]
Basis of Consolidation	Basis of Consolidation The unaudited condensed consolidated financial statements included herein have been prepared by the Company 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, 2023 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 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.
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 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 condensed consolidated statements of operations. Cash flows from settlements of foreign currency forward contracts are included in operating activities in the condensed 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 condensed consolidated balance sheets. At February 29, 2024, the Company had a notional amount of $9.9 million outstanding in foreign currency forward contracts, which will mature in March 2024. Unrealized net gains and losses related to foreign currency forward contracts were not significant at February 29, 2024 and August 31, 2023. Realized net gains and losses related to foreign currency forward contracts were not significant for the three and six months ended February 29, 2024 and February 28, 2023. Both unrealized and realized net gains and losses are recorded in other (expense) income, net in the Company’s condensed consolidated statements of operations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) 820, “ Fair Value Measurements and Disclosures” , defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company categorizes its financial assets and liabilities measured at fair value into a hierarchy that categorizes fair value measurements into the following three levels based on the types of inputs used in measuring their fair value: Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities; Level 2: Observable market-based inputs or observable inputs that are corroborated by market data; and Level 3: Unobservable inputs reflecting the Company’s own assumptions. Under fair value accounting, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. As of February 29, 2024, the Company had no assets or liabilities that are measured at fair value in the financial statements on a recurring basis, except for 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 $60.1 million as of February 29, 2024, 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 $67.2 million. During the six months ended February 29, 2024, the Company did not record any significant nonrecurring fair value measurements for assets or liabilities in periods subsequent to their initial recognition.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” These amendments primarily require enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss. The amendments are effective for the Company’s annual periods beginning September 1, 2024, and interim periods beginning September 1, 2025, with early adoption permitted, and will be applied retrospectively to all prior periods presented in the financial statements. The Company is in the process of evaluating this ASU to determine its impact on the Company’s disclosures.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Feb. 29, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following (in thousands): February 29, August 31, Product held at third-party contract manufacturers $ 5,031 $ 6,680 Raw materials and components 10,566 11,924 Work-in-process 277 497 Finished goods 62,155 67,421 Total $ 78,029 $ 86,522

Property and Equipment and Ca_2

Property and Equipment and Capitalized Cloud-Based Software Implementation Costs (Tables)	6 Months Ended
	Feb. 29, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net, consisted of the following (in thousands): February 29, August 31, Machinery, equipment and vehicles $ 54,561 $ 49,804 Buildings and improvements 27,606 27,555 Computer and office equipment 6,404 6,151 Internal-use software 9,671 11,277 Furniture and fixtures 3,050 3,027 Capital in progress 3,900 7,937 Land 4,218 4,220 Subtotal 109,410 109,971 Less: accumulated depreciation and amortization (44,835) (43,180) Total $ 64,575 $ 66,791

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amounts of Goodwill	The following table summarizes the changes in the carrying amounts of goodwill by segment (in thousands): Americas EIMEA Asia-Pacific Total Balance as of August 31, 2023 $ 85,436 $ 8,860 $ 1,209 $ 95,505 Translation adjustments (1) (5) - (6) Balance as of February 29, 2024 $ 85,435 $ 8,855 $ 1,209 $ 95,499
Summary of Definite-Lived Intangible Assets
Summary of Changes in Carrying Amounts of Definite-Lived Intangible Assets by Segment

Leases (Tables)

Leases (Tables)	6 Months Ended
	Feb. 29, 2024
Leases [Abstract]
Schedule of Right-of-Use Assets and Lease Liabilities	Right-of-use assets and lease liabilities consisted of the following (in thousands): February 29, August 31, Assets: Operating lease right-of-use assets $ 7,241 $ 7,820 Finance lease right-of-use asset 3,727 - Total right-of-use assets $ 10,968 $ 7,820 Liabilities: Current operating lease liabilities (1) $ 1,864 $ 2,144 Long-term operating lease liabilities 5,509 5,832 Total operating lease liabilities $ 7,373 $ 7,976 (1) Current operating lease liabilities are classified in accrued liabilities on the Company’s condensed consolidated balance sheets.

Accrued and Other Liabilities (

Accrued and Other Liabilities (Tables)	6 Months Ended
	Feb. 29, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following (in thousands): February 29, August 31, Accrued advertising and sales promotion expenses $ 15,671 $ 14,472 Accrued professional services fees 2,792 1,924 Accrued sales taxes and other taxes 2,981 2,618 Deferred revenue 3,340 4,552 Short-term operating lease liability 1,864 2,144 Other 5,062 4,290 Total $ 31,710 $ 30,000
Schedule of Accrued Payroll and Related Expenses	Accrued payroll and related expenses consisted of the following (in thousands): February 29, August 31, Accrued incentive compensation $ 5,844 $ 6,698 Accrued payroll 5,441 4,298 Accrued payroll taxes 1,665 1,650 Accrued profit sharing 1,406 3,561 Other 513 515 Total $ 14,869 $ 16,722

Debt (Tables)

Debt (Tables)	6 Months Ended
	Feb. 29, 2024
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Borrowings	Short-term and long-term borrowings under the Company’s Credit Agreement and Note Agreement consisted of the following (in thousands): Issuance Maturities February 29, August 31, Credit Agreement – revolving credit facility (1) Various 9/30/2025 $ 48,484 $ 52,943 Note Agreement Series A Notes – 3.39% fixed rate (2) 11/15/2017 2024-2032 15,200 15,600 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 115,684 120,543 Short-term portion of borrowings (29,790) (10,800) Total long-term borrowings $ 85,894 $ 109,743 (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 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 February 29, 2024, $19.5 million of this facility was classified as long-term and was entirely denominated in Euros. $29.0 million was classified as short-term and was denominated in U.S. Dollars and Pounds Sterling. As of August 31, 2023, $42.9 million on this facility was classified as long-term and was denominated in Euros and Pounds Sterling. $10.0 million was classified as short-term and was denominated entirely in U.S. Dollars. Euro and Pound Sterling denominated draws 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)

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	6 Months Ended
	Feb. 29, 2024
Earnings Per Share [Abstract]
Schedule of Reconciliation of Net Income to Net Income Available to Common Shareholders	The table below reconciles net income to net income available to common stockholders (in thousands): Three Months Ended February 29/28, Six Months Ended February 29/28, 2024 2023 2024 2023 Net income $ 15,536 $ 16,526 $ 33,018 $ 30,523 Less: Net income allocated to participating securities (56) (71) (122) (125) Net income available to common stockholders $ 15,480 $ 16,455 $ 32,896 $ 30,398
Schedule of Weighted Average Number of Shares	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 February 29/28, Six Months Ended February 29/28, 2024 2023 2024 2023 Weighted-average common shares outstanding, basic 13,558 13,583 13,559 13,586 Weighted-average dilutive securities 25 25 24 22 Weighted-average common shares outstanding, diluted 13,583 13,608 13,583 13,608

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Feb. 29, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenues by Segment and Major Source	The following table presents the Company’s revenues by segment and major source (in thousands): Three Months Ended February 29, 2024 Six Months Ended February 29, 2024 Americas EIMEA Asia-Pacific Total Americas EIMEA Asia-Pacific Total WD-40 Multi-Use Product $ 49,043 $ 41,572 $ 16,619 $ 107,234 $ 97,554 $ 78,616 $ 38,741 $ 214,911 WD-40 Specialist 7,090 7,525 2,202 16,817 14,198 14,191 5,270 33,659 Other maintenance products (1) 4,003 3,009 176 7,188 8,129 6,071 614 14,814 Total maintenance products 60,136 52,106 $ 18,997 $ 131,239 119,881 98,878 44,625 263,384 HCCP (2) 3,371 2,207 2,288 7,866 7,701 4,189 4,247 16,137 Total net sales $ 63,507 $ 54,313 $ 21,285 $ 139,105 $ 127,582 $ 103,067 $ 48,872 $ 279,521 Three Months Ended February 28, 2023 Six Months Ended February 28, 2023 Americas EIMEA Asia-Pacific Total Americas EIMEA Asia-Pacific Total WD-40 Multi-Use Product $ 48,405 $ 35,660 $ 16,196 $ 100,261 $ 91,562 $ 65,838 $ 37,449 $ 194,849 WD-40 Specialist $ 6,875 $ 6,122 $ 2,277 $ 15,274 13,700 12,133 4,847 30,680 Other maintenance products (1) $ 3,846 $ 2,569 $ 154 $ 6,569 7,435 5,109 343 12,887 Total maintenance products $ 59,126 $ 44,351 $ 18,627 $ 122,104 112,697 83,080 42,639 238,416 HCCP (2) 3,764 2,458 1,867 8,089 8,207 4,501 3,962 16,670 Total net sales $ 62,890 $ 46,809 $ 20,494 $ 130,193 $ 120,904 $ 87,581 $ 46,601 $ 255,086 (1) Other maintenance products consist of the 3-IN-ONE and GT85 brands. (2) Homecare and cleaning products (“HCCP”).

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Feb. 29, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	This 0.8% increase in the effective tax rate from period to period was primarily due to the following impacts: Description of impacts on the Company’s estimated annual effective tax rate Unfavorable/(Favorable) Higher tax rates in certain foreign jurisdictions from period to period 1.7% An increase in non-deductible performance based compensation 0.7% Windfalls from the settlement of stock-based equity awards in the second quarter of fiscal year 2024 (0.8)% Benefits related to income tax positions affected by expiring statutes of limitation (0.6)% Description of impacts on the Company’s estimated annual effective tax rate Unfavorable/(Favorable) A non-recurring charitable donation made in the first quarter of fiscal year 2023 1.9% Higher tax rates in certain foreign jurisdictions from period to period 1.4% Lower year to date shortfalls from the settlements of stock-based equity awards in fiscal year 2024 (1.3)%

Business Segments and Foreign_2

Business Segments and Foreign Operations (Tables)	6 Months Ended
	Feb. 29, 2024
Segment Reporting [Abstract]
Summary Information by Reportable Segments	Summary information about reportable segments is as follows (in thousands): For the Three Months Ended Americas EIMEA Asia-Pacific Unallocated Corporate (1) Total February 29, 2024 Net sales $ 63,507 $ 54,313 $ 21,285 $ - $ 139,105 Income from operations $ 13,220 $ 12,087 $ 7,489 $ (11,855) $ 20,941 Depreciation and amortization expense (2) $ 1,144 $ 1,150 $ 56 $ 72 $ 2,422 Interest income $ - $ 36 $ 30 $ - $ 66 Interest expense $ 505 $ 502 $ 1 $ - $ 1,008 February 28, 2023 Net sales $ 62,890 $ 46,809 $ 20,494 $ - $ 130,193 Income from operations $ 13,712 $ 10,383 $ 7,023 $ (8,965) $ 22,153 Depreciation and amortization expense (2) $ 869 $ 973 $ 51 $ 75 $ 1,968 Interest income $ - $ 26 $ 25 $ - $ 51 Interest expense $ 1,087 $ 413 $ 2 $ - $ 1,502 For the Six Months Ended February 29, 2024 Net sales $ 127,582 $ 103,067 $ 48,872 $ - $ 279,521 Income from operations $ 27,416 $ 21,602 $ 18,514 $ (22,407) $ 45,125 Depreciation and amortization expense (2) $ 2,195 $ 2,224 $ 113 $ 151 $ 4,683 Interest income $ - $ 82 $ 58 $ - $ 140 Interest expense $ 1,065 $ 1,086 $ 3 $ - $ 2,154 February 28, 2023 Net sales $ 120,904 $ 87,581 $ 46,601 $ - $ 255,086 Income from operations $ 26,484 $ 16,666 $ 16,640 $ (18,958) $ 40,832 Depreciation and amortization expense (2) $ 1,747 $ 1,870 $ 96 $ 151 $ 3,864 Interest income $ 4 $ 35 $ 56 $ - $ 95 Interest expense $ 1,977 $ 692 $ 2 $ - $ 2,671 (1) These expenses are reported separately from the Company’s identified segments and are included in selling, general and administrative expenses in the Company’s condensed consolidated statements of operations. (2) Amortization presented above includes amortization of definite-lived intangible assets and excludes amortization of implementation costs associated with cloud computing arrangements.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Unrealized foreign currency gains (losses)			$ (245,000)	$ 1,820,000
Total long-term borrowings	$ 85,894,000		85,894,000		$ 109,743,000
Level 2 | Senior Notes
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Fair value of senior notes	60,100,000		60,100,000
Total long-term borrowings	67,200,000		67,200,000
Level 2 | Recurring
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Assets, fair value disclosure	0		0
Liabilities, fair value disclosure	0		0
Level 2 | Nonrecurring
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Assets, fair value disclosure	0		0
Liabilities, fair value disclosure	0		0
Foreign Currency Forward Contracts
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Foreign currency forward contracts outstanding	9,900,000		9,900,000
Unrealized foreign currency gains (losses)			0		$ 0
Realized foreign currency gains (losses)	$ 0	$ 0	$ 0	$ 0

Inventories - Schedule Of Inven

Inventories - Schedule Of Inventories (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Inventory Disclosure [Abstract]
Product held at third-party contract manufacturers	$ 5,031	$ 6,680
Raw materials and components	10,566	11,924
Work-in-process	277	497
Finished goods	62,155	67,421
Total	$ 78,029	$ 86,522

Property and Equipment and Ca_3

Property and Equipment and Capitalized Cloud-Based Software Implementation Costs - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Property, Plant and Equipment [Line Items]
Subtotal	$ 109,410	$ 109,971
Less: accumulated depreciation and amortization	(44,835)	(43,180)
Total	64,575	66,791
Machinery, equipment and vehicles
Property, Plant and Equipment [Line Items]
Subtotal	54,561	49,804
Buildings and improvements
Property, Plant and Equipment [Line Items]
Subtotal	27,606	27,555
Computer and office equipment
Property, Plant and Equipment [Line Items]
Subtotal	6,404	6,151
Internal-use software
Property, Plant and Equipment [Line Items]
Subtotal	9,671	11,277
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Subtotal	3,050	3,027
Capital in progress
Property, Plant and Equipment [Line Items]
Subtotal	3,900	7,937
Land
Property, Plant and Equipment [Line Items]
Subtotal	$ 4,218	$ 4,220

Property and Equipment and Ca_4

Property and Equipment and Capitalized Cloud-Based Software Implementation Costs - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023
Capitalized Cloud-Based Asset
Business Acquisition [Line Items]
Capitalized computer software, net	$ 12.7		$ 12.7		$ 11
Capitalized computer software, accumulated amortization	1		1		$ 0.7
Capitalized computer software, amortization	$ 0	$ 0	$ 0	$ 0
Capitalized Cloud-Based Asset | Minimum
Business Acquisition [Line Items]
Property, plant and equipment, useful life	3 years		3 years
Capitalized Cloud-Based Asset | Maximum
Business Acquisition [Line Items]
Property, plant and equipment, useful life	5 years		5 years
Capitalized Cloud-Based Asset, ERP System Implementation
Business Acquisition [Line Items]
Property, plant and equipment, useful life	5 years		5 years
Capitalized Cloud-Based Asset, ERP System
Business Acquisition [Line Items]
Property, plant and equipment, useful life	10 years		10 years

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amounts of Goodwill (Details) $ in Thousands	6 Months Ended
	Feb. 29, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 95,505
Translation adjustments	(6)
Ending balance	95,499
Americas
Goodwill [Roll Forward]
Beginning balance	85,436
Translation adjustments	(1)
Ending balance	85,435
EIMEA
Goodwill [Roll Forward]
Beginning balance	8,860
Translation adjustments	(5)
Ending balance	8,855
Asia-Pacific
Goodwill [Roll Forward]
Beginning balance	1,209
Translation adjustments	0
Ending balance	$ 1,209

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	Dec. 01, 2023	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, accumulated impairment loss					$ 0
Goodwill, impairment loss			$ 0
Definite lived intangible assets, carrying amount	$ 4,200,000		4,200,000			$ 4,700,000
Amortization of definite-lived intangible assets	$ 252,000	$ 250,000	$ 503,000	$ 503,000

Leases - Right-of-Use Assets an

Leases - Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 7,241	$ 7,820
Finance lease right-of-use asset	3,727	0
Total right-of-use assets	10,968	7,820
Current operating lease liabilities	1,864	2,144
Long-term operating lease liabilities	5,509	5,832
Total operating lease liabilities	$ 7,373	$ 7,976
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities	Accrued liabilities

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)	Feb. 29, 2024	Aug. 31, 2023
Leases [Abstract]
Prepaid deposit		$ 3,800,000
Finance lease liability	$ 0

Accrued and Other Liabilities -

Accrued and Other Liabilities - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Payables and Accruals [Abstract]
Accrued advertising and sales promotion expenses	$ 15,671	$ 14,472
Accrued professional services fees	2,792	1,924
Accrued sales taxes and other taxes	2,981	2,618
Deferred revenue	3,340	4,552
Short-term operating lease liability	1,864	2,144
Other	5,062	4,290
Total	$ 31,710	$ 30,000

Accrued and Other Liabilities_2

Accrued and Other Liabilities - Schedule of Accrued Payroll and Related Expenses (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Payables and Accruals [Abstract]
Accrued incentive compensation	$ 5,844	$ 6,698
Accrued payroll	5,441	4,298
Accrued payroll taxes	1,665	1,650
Accrued profit sharing	1,406	3,561
Other	513	515
Total	$ 14,869	$ 16,722

Debt - Narrative (Details)

Debt - Narrative (Details)	6 Months Ended
	Feb. 29, 2024 USD ($) agreement
Debt Instrument [Line Items]
Number of agreements | agreement	2
Other Unsecured Debt
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 125,000,000
Note Agreement and the Credit Agreement
Debt Instrument [Line Items]
Consolidated leverage ratio	3.5
Consolidated interest coverage ratio	3
Credit Agreement - Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 150,000,000
Credit Agreement - Revolving Credit Facility | Europe, The Middle East, Africa And India Subsidiary
Debt Instrument [Line Items]
Revolving credit facility, amount	$ 100,000,000

Debt - Schedule of Short-term a

Debt - Schedule of Short-term and Long-term Borrowings (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Debt Instrument [Line Items]
Total borrowings	$ 115,684	$ 120,543
Short-term portion of borrowings	(29,790)	(10,800)
Total long-term borrowings	$ 85,894	109,743
Series A Notes
Debt Instrument [Line Items]
Interest rate	3.39%
Issuance	Nov. 15, 2017
Total borrowings	$ 15,200	15,600
Short term portion of long-term debt	800
Periodic payment amount	400
Remaining principal payment	$ 8,400
Series B Notes
Debt Instrument [Line Items]
Interest rate	2.50%
Issuance	Sep. 30, 2020
Total borrowings	$ 26,000	26,000
Series C Notes
Debt Instrument [Line Items]
Interest rate	2.69%
Issuance	Sep. 30, 2020
Total borrowings	$ 26,000	26,000
Credit Agreement - revolving credit facility
Debt Instrument [Line Items]
Total borrowings	48,484	52,943
Total long-term borrowings	19,500	42,900
Short term portion of long-term debt	$ 29,000	$ 10,000

Share Repurchase Plan (Details)

Share Repurchase Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Jun. 19, 2023
Equity [Abstract]
Share buy-back plan, amount authorized			$ 50,000
Number of shares repurchased (in shares)	23,000
Average price of shares repurchased (in dollars per share)	$ 231.26
Total cost of repurchased shares	$ 5,319	$ 5,641

Earnings per Common Share - Sch

Earnings per Common Share - Schedule of Reconciliation of Net Income to Net Income Available to Common Shareholders (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Feb. 29, 2024	Nov. 30, 2023	Feb. 28, 2023	Nov. 30, 2022	Feb. 29, 2024	Feb. 28, 2023
Earnings Per Share [Abstract]
Net income	$ 15,536	$ 17,482	$ 16,526	$ 13,997	$ 33,018	$ 30,523
Less: Net income allocated to participating securities	(56)		(71)		(122)	(125)
Net income available to common stockholders, basic	15,480		16,455		32,896	30,398
Net income available to common stockholders, diluted	$ 15,480		$ 16,455		$ 32,896	$ 30,398

Earnings per Common Share - S_2

Earnings per Common Share - Schedule of Weighted Average Number of Shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Earnings Per Share [Abstract]
Weighted-average common shares outstanding, basic (in shares)	13,558	13,583	13,559	13,586
Weighted-average dilutive securities (in shares)	25	25	24	22
Weighted-average common shares outstanding, diluted (in shares)	13,583	13,608	13,583	13,608

Earnings per Common Share- Narr

Earnings per Common Share- Narrative (Details) - shares	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Earnings Per Share [Abstract]
Anti-dilutive stock options outstanding (in shares)	0	10,734	2,702	9,103

Revenue - Schedule of Revenues

Revenue - Schedule of Revenues by Segment and Major Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Revenue from External Customer [Line Items]
Total net sales	$ 139,105	$ 130,193	$ 279,521	$ 255,086
Total maintenance products
Revenue from External Customer [Line Items]
Total net sales	131,239	122,104	263,384	238,416
WD-40 Multi-Use Product
Revenue from External Customer [Line Items]
Total net sales	107,234	100,261	214,911	194,849
WD-40 Specialist
Revenue from External Customer [Line Items]
Total net sales	16,817	15,274	33,659	30,680
Other maintenance products
Revenue from External Customer [Line Items]
Total net sales	7,188	6,569	14,814	12,887
HCCP
Revenue from External Customer [Line Items]
Total net sales	7,866	8,089	16,137	16,670
Americas
Revenue from External Customer [Line Items]
Total net sales	63,507	62,890	127,582	120,904
Americas | Total maintenance products
Revenue from External Customer [Line Items]
Total net sales	60,136	59,126	119,881	112,697
Americas | WD-40 Multi-Use Product
Revenue from External Customer [Line Items]
Total net sales	49,043	48,405	97,554	91,562
Americas | WD-40 Specialist
Revenue from External Customer [Line Items]
Total net sales	7,090	6,875	14,198	13,700
Americas | Other maintenance products
Revenue from External Customer [Line Items]
Total net sales	4,003	3,846	8,129	7,435
Americas | HCCP
Revenue from External Customer [Line Items]
Total net sales	3,371	3,764	7,701	8,207
EIMEA
Revenue from External Customer [Line Items]
Total net sales	54,313	46,809	103,067	87,581
EIMEA | Total maintenance products
Revenue from External Customer [Line Items]
Total net sales	52,106	44,351	98,878	83,080
EIMEA | WD-40 Multi-Use Product
Revenue from External Customer [Line Items]
Total net sales	41,572	35,660	78,616	65,838
EIMEA | WD-40 Specialist
Revenue from External Customer [Line Items]
Total net sales	7,525	6,122	14,191	12,133
EIMEA | Other maintenance products
Revenue from External Customer [Line Items]
Total net sales	3,009	2,569	6,071	5,109
EIMEA | HCCP
Revenue from External Customer [Line Items]
Total net sales	2,207	2,458	4,189	4,501
Asia-Pacific
Revenue from External Customer [Line Items]
Total net sales	21,285	20,494	48,872	46,601
Asia-Pacific | Total maintenance products
Revenue from External Customer [Line Items]
Total net sales	18,997	18,627	44,625	42,639
Asia-Pacific | WD-40 Multi-Use Product
Revenue from External Customer [Line Items]
Total net sales	16,619	16,196	38,741	37,449
Asia-Pacific | WD-40 Specialist
Revenue from External Customer [Line Items]
Total net sales	2,202	2,277	5,270	4,847
Asia-Pacific | Other maintenance products
Revenue from External Customer [Line Items]
Total net sales	176	154	614	343
Asia-Pacific | HCCP
Revenue from External Customer [Line Items]
Total net sales	$ 2,288	$ 1,867	$ 4,247	$ 3,962

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Aug. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 3,300	$ 4,600
Contract assets	0	0
Allowance for credit loss	$ 600	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details)	6 Months Ended
	Feb. 29, 2024 USD ($)
Indemnification Agreement 1 | Senior Officers and Directors
Loss Contingencies [Line Items]
Liabilities related to indemnification agreement	$ 0
Indemnification Agreement 2
Loss Contingencies [Line Items]
Liabilities related to indemnification agreement	0
Purchase Commitment
Loss Contingencies [Line Items]
Commitment outstanding	$ 0
Minimum | Purchase Commitment
Loss Contingencies [Line Items]
Purchase commitment period	2 months
Maximum | Purchase Commitment
Loss Contingencies [Line Items]
Purchase commitment period	6 months

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	21.60%	20.80%	23%	20.90%
Increase in effective tax rate	0.80%		2.10%
Unrecognized tax benefits, amount that may be affected within next twelve months	$ 12.4		$ 12.4
Tax Cuts and Jobs Act, toll tax for accumulated foreign earnings	$ 12.1		$ 12.1

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	3 Months Ended	6 Months Ended
	Feb. 29, 2024	Feb. 29, 2024
Income Tax Disclosure [Abstract]
Higher tax rates in certain foreign jurisdictions from period to period	1.70%	1.40%
An increase in non-deductible performance based compensation	0.70%
A non-recurring charitable donation made in the first quarter of fiscal year 2023		1.90%
Lower year to date shortfalls from the settlements of stock-based equity awards in fiscal year 2024	(0.80%)	(1.30%)
Benefits related to income tax positions affected by expiring statutes of limitation	(0.60%)

Business Segments and Foreign_3

Business Segments and Foreign Operations - Summary Information by Reportable Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 29, 2024 USD ($)	Feb. 28, 2023 USD ($)	Feb. 29, 2024 USD ($) segment	Feb. 28, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Net sales	$ 139,105	$ 130,193	$ 279,521	$ 255,086
Income from operations	20,941	22,153	45,125	40,832
Depreciation and amortization expense	2,422	1,968	4,683	3,864
Interest income	66	51	140	95
Interest expense	1,008	1,502	2,154	2,671
Unallocated Corporate
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Income from operations	(11,855)	(8,965)	(22,407)	(18,958)
Depreciation and amortization expense	72	75	151	151
Interest income	0	0	0	0
Interest expense	0	0	0	0
Americas
Segment Reporting Information [Line Items]
Net sales	63,507	62,890	127,582	120,904
Americas | Operating Segments
Segment Reporting Information [Line Items]
Net sales	63,507	62,890	127,582	120,904
Income from operations	13,220	13,712	27,416	26,484
Depreciation and amortization expense	1,144	869	2,195	1,747
Interest income	0	0	0	4
Interest expense	505	1,087	1,065	1,977
EIMEA
Segment Reporting Information [Line Items]
Net sales	54,313	46,809	103,067	87,581
EIMEA | Operating Segments
Segment Reporting Information [Line Items]
Net sales	54,313	46,809	103,067	87,581
Income from operations	12,087	10,383	21,602	16,666
Depreciation and amortization expense	1,150	973	2,224	1,870
Interest income	36	26	82	35
Interest expense	502	413	1,086	692
Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	21,285	20,494	48,872	46,601
Asia-Pacific | Operating Segments
Segment Reporting Information [Line Items]
Net sales	21,285	20,494	48,872	46,601
Income from operations	7,489	7,023	18,514	16,640
Depreciation and amortization expense	56	51	113	96
Interest income	30	25	58	56
Interest expense	$ 1	$ 2	$ 3	$ 2

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Events - USD ($) $ / shares in Units, $ in Millions	Mar. 19, 2024	Mar. 04, 2024
Subsequent Events [Line Items]
Cash dividend declared (in dollars per share)	$ 0.88
Theron
Subsequent Events [Line Items]
Exclusive distributor, period		27 years
Payments to acquire businesses, gross		$ 6.9
Post closing adjustment period		90 days