Chase (CCF) 10-Q 5 Jan 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Nov. 30, 2022	Dec. 31, 2022
Document and Entity Information
Document Type	10-Q
Document Period End Date	Nov. 30, 2022
Entity File Number	1-9852
Entity Registrant Name	CHASE CORPORATION
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	11-1797126
Entity Address, Address Line One	375 University Avenue
Entity Address, City or Town	Westwood
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02090
City Area Code	781
Local Phone Number	332-0700
Title of 12(b) Security	Common stock, $.10 par value
Trading Symbol	CCF
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,500,018
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0000830524
Current Fiscal Year End Date	--08-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Current Assets
Cash and cash equivalents	$ 56,317	$ 315,495
Accounts receivable, less allowances of $666 and $610	58,166	51,540
Inventory	85,984	63,039
Prepaid expenses and other current assets	12,373	4,374
Prepaid income taxes and refunds due	1,902	2,329
Total current assets	214,742	436,777
Property, plant and equipment, less accumulated depreciation of $54,902 and $52,503	62,655	24,248
Other Assets
Goodwill	175,782	95,160
Intangible assets, less accumulated amortization of $109,968 and $101,237	173,757	33,661
Cash surrender value of life insurance	4,450	4,450
Restricted investments	2,540	2,367
Deferred income taxes	121	5,763
Operating lease right-of-use assets	8,249	8,596
Other assets	766	558
Total assets	643,062	611,580
Current Liabilities
Accounts payable	23,570	20,122
Accrued payroll and other compensation	5,565	6,381
Income taxes payable	2,576	554
Accrued expenses	10,617	8,271
Dividend Payable	9,500
Total current liabilities	51,828	35,328
Long-term debt	165,000	180,000
Operating lease long-term liabilities	6,716	6,618
Deferred compensation	2,548	2,375
Accumulated pension obligation	7,181	7,431
Other liabilities	3,295	2,897
Deferred income taxes	31,544	2,282
Accrued income taxes	1,925	1,820
Total liabilities	270,037	238,751
Commitments and contingencies (Note 10)
Equity
First Serial Preferred Stock, $1.00 par value: Authorized 100,000 shares; none issued
Common stock, $.10 par value: Authorized 20,000,000 shares; 9,499,704 shares at November 30, 2022 and 9,462,765 shares at August 31, 2022 issued and outstanding	951	947
Additional paid-in capital	22,134	21,409
Accumulated other comprehensive loss	(18,124)	(20,367)
Retained earnings	368,064	370,840
Total equity	373,025	372,829
Total liabilities and equity	$ 643,062	$ 611,580

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 666	$ 610
Property, plant and equipment, accumulated depreciation (in dollars)	54,902	52,503
Intangible assets, accumulated amortization (in dollars)	$ 109,968	$ 101,237
First Serial Preferred Stock, par value (in dollars per share)	$ 1	$ 1
First Serial Preferred Stock, Authorized shares	100,000	100,000
First Serial Preferred Stock, issued shares	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, Authorized shares	20,000,000	20,000,000
Common stock, shares issued	9,499,704	9,462,765
Common stock, shares outstanding	9,499,704	9,462,765

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Revenue
Revenue	$ 102,893	$ 75,010
Costs and Expenses
Cost of products and services sold	67,000	47,281
Selling, general and administrative expenses	21,607	13,375
Research and product development costs	1,491	993
Operations optimization costs (Note 15)	653	59
Acquisition-related costs (Note 17)	29
Loss on impairment of right-of-use lease asset (Note 15)	548
Loss on contingent consideration (Note 17)	306	475
Operating income	11,259	12,827
Interest expense	(2,138)	(87)
Other income (expense)	(521)	377
Income before income taxes	8,600	13,117
Income taxes (Note 14)	1,876	3,390
Net income	$ 6,724	$ 9,727
Net income available to common shareholders, per common and common equivalent share (Note 4)
Basic	$ 0.71	$ 1.03
Diluted	$ 0.71	$ 1.02
Weighted average shares outstanding
Basic	9,417,418	9,397,873
Diluted	9,444,124	9,438,434
Annual cash dividends declared per share	$ 1	$ 1
Sales
Revenue
Revenue	$ 102,121	$ 74,192
Royalties and commissions
Revenue
Revenue	$ 772	$ 818

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
Net income	$ 6,724	$ 9,727
Other comprehensive income (loss):
Net unrealized (loss) gain on restricted investments, net of tax	38	(30)
Change in funded status of pension plans, net of tax	112	112
Pension settlement loss, net of tax	150
Foreign currency translation adjustment	1,943	(2,173)
Total other comprehensive income (loss)	2,243	(2,091)
Comprehensive income	$ 8,967	$ 7,636

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (loss)	Retained Earnings	Total
Balance at Aug. 31, 2021	$ 946	$ 18,959	$ (11,210)	$ 335,629	$ 344,324
Balance (in shares) at Aug. 31, 2021	9,447,905
Increase (Decrease) in Stockholders' Equity
Restricted stock grants, net of forfeitures	$ 1	(1)
Restricted stock grants, net of forfeitures (in shares)	11,780
Amortization of restricted stock grants		556			556
Amortization of stock option grants		219			219
Cash dividend declared, $1.00 per share				(9,460)	(9,460)
Change in funded status of pension plans, net of tax			112		112
Foreign currency translation adjustment			(2,173)		(2,173)
Net unrealized gain (loss) on restricted investments, net of tax			(30)		(30)
Net income				9,727	9,727
Balance at Nov. 30, 2021	$ 947	19,733	(13,301)	335,896	343,275
Balance (in shares) at Nov. 30, 2021	9,459,685
Balance at Aug. 31, 2022	$ 947	21,409	(20,367)	370,840	372,829
Balance (in shares) at Aug. 31, 2022	9,462,765
Increase (Decrease) in Stockholders' Equity
Restricted stock grants, net of forfeitures	$ 3	(3)
Restricted stock grants, net of forfeitures (in shares)	30,307
Amortization of restricted stock grants		832			832
Amortization of stock option grants		126			126
Exercise of stock options	$ 2	555			557
Exercise of stock options (in shares)	15,152
Common stock received for payment of stock option exercises	$ (1)	(556)			(557)
Common stock received for payment of stock option exercises (in shares)	(6,140)
Common stock retained to pay statutory minimum withholding taxes on common stock		(229)			(229)
Common stock retained to pay statutory minimum withholding taxes on common stock (in shares)	(2,380)
Cash dividend declared, $1.00 per share				(9,500)	(9,500)
Change in funded status of pension plans, net of tax			112		112
Pension settlement loss, net of tax			150		150
Foreign currency translation adjustment			1,943		1,943
Net unrealized gain (loss) on restricted investments, net of tax			38		38
Net income				6,724	6,724
Balance at Nov. 30, 2022	$ 951	$ 22,134	$ (18,124)	$ 368,064	$ 373,025
Balance (in shares) at Nov. 30, 2022	9,499,704

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
Cash dividends paid per share (in dollars per share)	$ 1	$ 1
Change in funded status of pension plans, tax	$ 37	$ 37
Pension settlement loss, net of tax	50
Net unrealized gain (loss) on restricted investments, tax	$ 14	$ 10

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
	Sep. 01, 2022	Nov. 30, 2022	Nov. 30, 2021	Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$ 6,724	$ 9,727
Adjustments to reconcile net income to net cash provided by operating activities
Loss on impairment of right of use lease asset		548
Loss on contingent consideration		306	475
Depreciation		2,330	877
Amortization		8,400	3,125
Provision for allowance for doubtful accounts		54	(40)
Stock-based compensation		958	775
Realized gain on restricted investments		(7)	(7)
Pension curtailment and settlement loss		150
Deferred taxes		(2,008)	34
Increase (decrease) from changes in assets and liabilities
Accounts receivable		4,019	2,272
Inventory		(6,636)	(6,021)
Prepaid expenses and other assets		(2,746)	(1,331)
Accounts payable		(1,482)	(2,024)
Accrued compensation and other expenses		(5,578)	(2,254)
Accrued income taxes		1,726	295
Net cash provided by operating activities		6,758	5,903
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment		(2,052)	(496)
Payments for acquisitions, net of cash acquired	$ (248,967)	(248,967)
Changes in restricted investments		(114)	(121)
Net cash (used) provided in investing activities		(251,133)	(617)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments of principal on debt		(15,000)
Payments of taxes on stock options and restricted stock		(229)
Net cash provided (used) in financing activities		(15,229)
INCREASE IN CASH & CASH EQUIVALENTS		(259,604)	5,286
Effect of foreign exchange rates on cash		426	(481)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	$ 315,495	315,495	119,429	$ 119,429
CASH AND CASH EQUIVALENTS, END OF PERIOD		56,317	124,234	$ 315,495
Non-cash Investing and Financing Activities
Common stock received for payment of stock option exercises		557
Property, plant and equipment additions included in accounts payable		246	207
Annual cash dividend declared		9,500	$ 9,460
Final working capital adjustment		$ 480

Basis of Financial Statement Pr

Basis of Financial Statement Presentation	3 Months Ended
	Nov. 30, 2022
Basis of Financial Statement Presentation
Basis of Financial Statement Presentation	CHASE CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) In thousands, except share and per share amounts ​ Note 1 — Basis of Financial Statement Presentatio n ​ Description of Business ​ Chase Corporation (the “Company,” “Chase,” “we,” or “us”), a global specialty chemicals company founded in 1946, is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors. The Company’s strategy is to maximize the performance of its core businesses and brands while seeking future opportunities through strategic acquisitions. Through investments in facilities, systems and organizational consolidation, the Company seeks to improve performance and gain economies of scale. ​ Basis of Presentation ​ The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States of America generally accepted accounting principles (“U.S. GAAP”) for interim financial reporting, and with the rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Therefore, they do not include all information and footnote disclosures necessary for a complete presentation of Chase Corporation’s financial position, results of operations and cash flows. The year-end condensed balance sheet was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. Chase Corporation filed audited consolidated financial statements which included all information and notes necessary for such a complete presentation for the three years ended August 31, 2022 in conjunction with its 2022 Annual Report on Form 10-K. Certain immaterial reclassifications have been made to the prior year amounts to conform to the current year’s presentation. ​ Unless otherwise indicated, all references to a year mean our fiscal year, which ends on August 31. ​ The results of operations for the interim period ended November 30, 2022 are not necessarily indicative of the results to be expected for any future period or the entire fiscal year. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended August 31, 2022 which are contained in the Company’s 2022 Annual Report on Form 10-K. ​ The accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring items) that are, in the opinion of management, necessary for a fair statement of the Company’s financial position as of November 30, 2022, and the results of its operations, comprehensive income, changes in equity and cash flows for the interim periods ended November 30, 2022 and 2021. ​ The financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The Company uses the U.S. dollar as the reporting currency for financial reporting. The financial position and results of operations of the Company’s U.K.-based operations are measured using the British pound as the functional currency. The financial position and results of operations of the Company’s operations based in France, including the operations of NuCera Solutions in France, are measured using the euro as the functional currency. The financial position and results of the Company’s HumiSeal India Private Limited business are measured using the Indian rupee as the functional currency. The financial position and results of operations of the NuCera Solutions operations in Singapore are measured using the Singapore dollar as the functional currency. The functional currency for all of the Company’s other operations is the U.S. dollar. Foreign currency translation gains and losses are determined using current exchange rates for monetary items and historical exchange rates for other balance sheet items and are recorded as a change in other comprehensive income. Transaction gains and losses generated from the remeasurement of assets and liabilities denominated in currencies other than the functional currency of each applicable operation are included in other income (expense) on the condensed consolidated statements of operations, and   ​ ​ Other Business Developments ​ On September 1, 2022 (the first day of fiscal 2023), the Company acquired all of the capital stock of NuCera Solutions (“NuCera”) for a purchase price of $250,000, net of debt, accrued income taxes and cash at closing, and working capital adjustments. The purchase was funded by utilizing $180,000 from the Company’s existing revolving credit facility and the remaining $70,000 from available cash on hand. The Company recorded transaction costs of $29 in the first quarter of fiscal 2023 and $4,000 in the fourth quarter of fiscal 2022 related to this acquisition which are excluded from the purchase price. NuCera is a recognized global leader in the production and development of highly differentiated specialty polymers and polymerization technologies serving demanding applications, offering products critical to enabling end-product functionality, performance and reliability. Chase will continue to market under NuCera brands and the business is integrated into Chase’s Adhesives, Sealants and Additives reporting unit for fiscal 2023. ​ During the first quarter of fiscal 2023, the Company began the process of upgrading our current Oracle Legacy ERP System to the Oracle Fusion Cloud Platform. This upgrade will position us with a more advanced system to support business expansion, access to upgrades in functionality and a more modern system for operations. Additionally, the upgrade will be a multi-year, phased-in approach designed to mitigate any disruptions to our business. The Company recognized $540 in expense related to the ERP System upgrade in the first quarter of fiscal 2023. ​ During the third quarter of fiscal 2021 Chase announced to the employees at its Woburn, MA location that its adhesives systems operations, part of the Adhesives, Sealants and Additives segment’s electronic and industrial coatings product line, would be consolidating into the Company’s existing O'Hara Township, PA location. Chase Corporation obtained the adhesives systems operations as part of its fiscal 2017 acquisition of the operations of Resin Designs. The Company expensed $113 and $0 related to the consolidation of the Woburn, MA location during the first quarters of fiscal 2023 and 2022, respectively. In addition, the Company expensed $548 as a lease impairment related to the Woburn, MA facility relocation in the first quarter of 2023. The Company may have additional costs related to the lease termination in future periods. ​ The Company completed the relocation of its corporate headquarters to another location within Westwood, MA during the fiscal year ending August 31, 2022. The move, part of the Company’s ongoing consolidation and optimization initiative, capitalizes on the hybrid work model utilized by many of Chase’s corporate and administrative employees and is expected to provide future operational cost savings. The new facility also consolidates and houses research and development operations previously conducted at the previous Westwood, MA and Woburn, MA locations. Operations optimization costs related to the Westwood move of $59 were expensed in the first quarter of fiscal 2022. The relocation of its corporate headquarters is complete and no costs are expected in fiscal 2023. ​ ​ ​ ​ Significant Accounting Policies ​ The Company’s significant accounting policies are detailed in Note 1 ​

Recent Accounting Standards

Recent Accounting Standards	3 Months Ended
	Nov. 30, 2022
Recent Accounting Standards
Summary of Significant Accounting Policies	​ Note 2 — Recent Accounting Standards ​ Recently Adopted Accounting Pronouncements - Fiscal 2023 ​ No new Accounting Pronouncements were adopted in the first quarter of fiscal 2023. ​ Recently Adopted Accounting Pronouncements - Fiscal 2022 ​ In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”, which amends the accounting for contract assets and contract liabilities from revenue contracts with customers in a business combination. The amendment requires that an entity acquiring the contract assets and contract liabilities in a business combination be recognized in accordance with ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. The ASU is effective for all public entities for fiscal years beginning after December 15, 2022, and interim periods therein. The Company early adopted ASU 2021-08 on February 28, 2022 and any impact on the consolidated financial statements will depend on the magnitude and nature of customer contracts associated with entities that the Company may acquire in the future. ​ ​

Inventory

Inventory	3 Months Ended
	Nov. 30, 2022
Inventory
Inventory	Note 3 — Inventory ​ Inventory consisted of the following as of November 30, 2022 and August 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ 2022 2022 Raw materials ​ ​ $ 47,270 ​ $ 37,909 Work in process ​ ​ ​ 9,695 ​ ​ 9,569 Finished goods ​ ​ ​ 29,019 ​ ​ 15,561 Total Inventory ​ ​ $ 85,984 ​ $ 63,039 ​

Net Income Per Share

Net Income Per Share	3 Months Ended
	Nov. 30, 2022
Net Income Per Share
Net Income Per Share	Note 4 — Net Income Per Share ​ The Company has unvested share-based payment awards with a right to receive nonforfeitable dividends which are considered participating securities under ASC Topic 260, “Earnings Per Share.” The Company allocates earnings to participating securities and computes earnings per share using the two-class method. The determination of earnings per share under the two-class method is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ 6,724 $ 9,727 Less: Allocated to participating securities ​ ​ 56 ​ ​ 64 ​ Net income available to common shareholders $ 6,668 $ 9,663 ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ ​ 9,417,418 ​ ​ 9,397,873 ​ Net income per share - Basic $ 0.71 $ 1.03 ​ ​ ​ ​ ​ ​ ​ ​ Diluted Earnings per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ 6,724 $ 9,727 Less: Allocated to participating securities ​ ​ 56 ​ ​ 64 ​ Net income available to common shareholders $ 6,668 $ 9,663 ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ ​ 9,417,418 ​ ​ 9,397,873 ​ Additional dilutive common stock equivalents ​ ​ 26,706 ​ ​ 40,561 ​ Diluted weighted average shares outstanding ​ ​ 9,444,124 ​ ​ 9,438,434 ​ Net income per share - Diluted $ 0.71 $ 1.02 ​ Included in the calculation of dilutive common stock equivalents are the unvested portion of restricted stock and stock options. For the three-month periods ended November 30, 2022 and 2021, stock options to purchase

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Nov. 30, 2022
Stock-Based Compensation
Stock-Based Compensation	​ Note 5 — Stock-Based Compensation ​ In August 2021, the Board of Directors of the Company approved the fiscal year 2022 Long Term Incentive Plan (“2022 LTIP”) for the executive officers and other members of management. The 2022 LTIP is an equity-based plan with a grant date of September 1, 2021 and contains (a) a restricted stock grant of ​ Based on the fiscal year 2022 results, 842 shares of restricted stock were forfeited subsequent to the end of fiscal year 2022 in accordance with not meeting the performance measurement criteria. No further performance-based measurements apply to this award. ​ In August 2022, the Board of Directors of the Company approved the fiscal year 2023 Long Term Incentive Plan (“2023 LTIP”) for executive officers and other members of management. The 2023 LTIP is an equity-based plan with a grant date of September 1, 2022 and contains the following equity components: ​ Restricted Shares 31, 2025. Compensation expense is recognized on a ratable basis over the vesting period based on quarterly probability assessments; and (b) a time-based restricted stock grant of ​ Stock Options — options to purchase 25,987 shares of common stock in the aggregate with an exercise price of $88.16 per share. The options will vest in three equal annual installments beginning on August 31, 2023 and ending on August 31, 2025. The options will expire ten years after the grant date. Compensation expense is being recognized over the period of the award consistent with the vesting terms. ​ ​

Segment Data and Foreign Operat

Segment Data and Foreign Operations	3 Months Ended
	Nov. 30, 2022
Segment Data and Foreign Operations
Segment Data and Foreign Operations	Note 6 — Segment Data and Foreign Operations ​ The Company is organized into three reportable operating segments: Adhesives, Sealants and Additives; Industrial Tapes; and Corrosion Protection and Waterproofing. The segments are distinguished by the nature of the products manufactured and how they are delivered to their respective markets. ​ The Adhesives, Sealants and Additives segment offers innovative and specialized product offerings consisting of both end-use products and intermediates that are used in, or integrated into, another company’s product. Demand for the segment’s product offerings is typically dependent upon general economic conditions. The Adhesives, Sealants and Additives segment leverages the core specialty chemical competencies of the Company and serves diverse markets and applications. The segment sells predominantly into the transportation, appliances, medical, general industrial and environmental market verticals. The segment’s products include moisture protective coatings and cleaners, customized sealant and adhesive systems for electronics, synthesized specialty waxes and polymers, polymeric microspheres, polyurethane dispersions and superabsorbent polymers. Beginning September 1, 2022, the Adhesives, Sealants and Additives segment includes the acquired operations of NuCera, within the functional additives product line. ​ The Industrial Tapes segment features wire and cable materials, specialty tapes and other laminated and coated products. The segment derives its competitive advantage through its proven chemistries, its diverse specialty offerings and the reliability its supply chain offers to end customers. These products are generally used in the assembly of other manufacturers’ products, with demand typically dependent upon general economic conditions. The Industrial Tapes segment sells mostly to established markets, with some exposure to growth opportunities through further development of existing products. Markets served include wire and cable manufacturing, utilities and telecommunications, and electronics packaging. The segment’s offerings include insulating and conducting materials for wire and cable manufacturers; laminated durable papers; laminates for the packaging and industrial laminate markets; custom manufacturing services; pulling and detection tapes used in the installation, measurement and location of fiber optic cables and water and natural gas lines; and cover tapes essential to delivering semiconductor components via tape-and-reel packaging. ​ The Corrosion Protection and Waterproofing segment is principally composed of project-oriented product offerings that are primarily sold and used as “Chase” branded products. End markets include new and existing infrastructure projects on oil, gas, water and wastewater pipelines, highways and bridge decks, water and wastewater containment systems, and commercial and industrial structures. The segment’s products include protective coatings for pipeline applications, coating and lining systems for waterproofing and liquid storage applications, adhesives and sealants used in architectural and building envelope waterproofing applications, high-performance polymeric asphalt additives, and expansion joint systems for waterproofing applications in transportation and architectural markets. With sales generally dependent on outdoor project work, the segment experiences highly seasonal sales patterns. ​ The following tables summarize information about the Company’s reportable segments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ ​ ​ 2022 ​ 2021 Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 55,553 ​ ​ $ 31,049 ​ ​ Industrial Tapes ​ ​ 39,077 ​ ​ ​ 32,761 ​ ​ Corrosion Protection and Waterproofing ​ ​ 8,263 ​ ​ ​ 11,200 ​ ​ Total ​ $ 102,893 ​ ​ $ 75,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 4,124 (a) ​ $ 7,597 (c) ​ Industrial Tapes ​ ​ 11,947 ​ ​ ​ 9,290 ​ ​ Corrosion Protection and Waterproofing ​ ​ 2,551 ​ ​ ​ 4,446 ​ ​ Total for reportable segments ​ ​ 18,622 ​ ​ ​ 21,333 ​ ​ Corporate and common costs ​ ​ (10,022) (b) ​ ​ (8,216) (d) ​ Total ​ $ 8,600 ​ ​ $ 13,117 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Includes the following costs by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ 2,138 ​ ​ $ 35 ​ ​ Depreciation ​ ​ 1,684 ​ ​ ​ 243 ​ ​ Amortization ​ ​ 8,398 ​ ​ ​ 2,740 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial Tapes ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ — ​ ​ $ 35 ​ ​ Depreciation ​ ​ 339 ​ ​ ​ 410 ​ ​ Amortization ​ ​ 1 ​ ​ ​ 384 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corrosion Protection and Waterproofing ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ — ​ ​ $ 17 ​ ​ Depreciation ​ ​ 125 ​ ​ ​ 118 ​ ​ Amortization ​ ​ 1 ​ ​ ​ 1 ​ ​ ​ (a) Includes $306 loss on the upward adjustment of the performance-based earn out contingent consideration associated with the September 2020 acquisition of ABchimie, $113 in operations optimization costs related to the move from Woburn, MA to O’Hara Township, PA, $548 of lease impairment related to the Woburn, MA facility relocation, $2,200 of purchase accounting inventory adjustment related to the Company’s NuCera business, and $2,820 of backlog amortization fully amortized related to the Company’s NuCera business (b) Includes $540 of operations optimization related to the Company’s ERP upgrade (c) Includes $475 loss on the upward adjustment of the performance-based earn out contingent consideration associated with the September 2020 acquisition of ABchimie (d) Includes $59 of operations optimization costs related to the Company’s move to the new corporate headquarters in Westwood, MA ​ Total assets for the Company’s reportable segments as of November 30, 2022 and August 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ ​ 2022 2022 Total Assets ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 443,209 ​ $ 153,784 ​ ​ Industrial Tapes ​ ​ 91,078 ​ ​ 87,751 ​ ​ Corrosion Protection and Waterproofing ​ ​ 30,821 ​ ​ 33,037 ​ ​ Total for reportable segments ​ ​ 565,108 ​ ​ 274,572 ​ ​ Corporate and common assets (a) ​ ​ 77,954 ​ ​ 337,008 ​ ​ Total ​ $ 643,062 ​ $ 611,580 ​ ​ ​ (a) Corporate and common assets at August 31, 2022 include $180,000 in cash drawn from the Company’s revolving credit facility and $70,000 of cash on hand in anticipation of the acquisition of NuCera, which closed on the first day of fiscal year 2023. ​ The Company’s products are sold worldwide. Revenue for the three-month periods ended November 30, 2022 and 2021 was attributed to operations located in the following countries: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ ​ ​ 2022 ​ 2021 ​ ​ Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 87,161 ​ ​ $ 65,053 ​ ​ United Kingdom ​ ​ 5,803 ​ ​ ​ 4,594 ​ ​ France ​ ​ 7,213 ​ ​ ​ 2,531 ​ ​ All other foreign (1) ​ ​ 2,716 ​ ​ ​ 2,832 ​ ​ Total ​ $ 102,893 ​ ​ $ 75,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Consists of sales from royalty revenue attributable to its licensed manufacturer in Asia and sales originated from the Company’s foreign operations in China, India and Singapore. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of November 30, 2022 and August 31, 2022 the Company had long-lived assets (defined as tangible assets providing the Company with a future economic benefit beyond the current year or operating period, including buildings, equipment and leasehold improvements) and goodwill and intangible assets, less accumulated amortization, in the following countries: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ ​ ​ 2022 2022 ​ ​ Long-Lived Assets ​ ​ ​ ​ ​ ​ ​ ​ United States ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ $ 59,680 ​ $ 21,300 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 315,886 ​ ​ 105,216 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United Kingdom ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ ​ 1,827 ​ ​ 1,832 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 3,402 ​ ​ 3,318 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ France ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ ​ 267 ​ ​ 239 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 29,606 ​ ​ 20,130 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ All other foreign ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ ​ 881 ​ ​ 877 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 645 ​ ​ 157 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ $ 62,655 ​ $ 24,248 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ $ 349,539 ​ $ 128,821 ​ ​ ​

Goodwill and Other Intangibles

Goodwill and Other Intangibles	3 Months Ended
	Nov. 30, 2022
Goodwill and Other Intangibles
Goodwill and Other Intangibles	Note 7 — Goodwill and Other Intangibles ​ The changes in the carrying value of goodwill were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives Industrial Tapes Corrosion Protection and Waterproofing Consolidated Balance at August 31, 2022 ​ $ 63,272 ​ $ 21,215 ​ $ 10,673 ​ $ 95,160 ​ Acquisition of NuCera Solutions ​ ​ 80,041 ​ ​ — ​ ​ — ​ ​ 80,041 ​ Foreign currency translation adjustment ​ ​ 576 ​ ​ — ​ ​ 5 ​ ​ 581 ​ Balance at November 30, 2022 ​ $ 143,889 ​ $ 21,215 ​ $ 10,678 ​ $ 175,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company’s goodwill is allocated to each reporting unit based on the nature of the products manufactured by the respective business combinations that originally created the goodwill. The Company has identified a total of three reporting units, corresponding to its three operating segments, that are used to evaluate the possible impairment of goodwill. Assessments of possible impairment of goodwill are made when events or changes in circumstances indicate that the carrying value of the asset may not be recoverable through future operations. Additionally, testing for possible impairment of recorded goodwill and certain intangible asset balances is required annually. The amount and timing of any impairment charges based on these assessments require the estimation of future cash flows and the fair market value of the related assets based on management’s best estimates of certain key factors, including future selling prices and volumes; operating, raw material and energy costs; and various other projected operating and economic factors. When testing, fair values of the reporting units are established using discounted cash flows. The Company evaluates the possible impairment of goodwill annually, and whenever events or circumstances indicate the carrying value of goodwill may not be recoverable. ​ The Company has adopted ASU No. 2017-04 “Intangibles - Goodwill and Other Topics (Topic 350): Simplifying the Test for Goodwill Impairment.” The Company assesses goodwill for impairment by comparing the fair value of the reporting unit to its carrying amount. If the fair value of a reporting unit is less than its carrying value, an impairment loss, limited to the amount of goodwill allocated to that reporting unit, is recorded. ​ Intangible assets subject to amortization consisted of the following as of November 30, 2022 and August 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ Gross Carrying ​ Accumulated ​ Net Carrying ​ ​ Amortization Period Value Amortization Value November 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Patents and agreements ​ 14.6 years $ 1,760 ​ $ 1,726 ​ $ 34 ​ Formulas and technology ​ 7.9 years ​ 24,172 ​ ​ 10,456 ​ ​ 13,716 ​ Trade names ​ 6.3 years ​ 14,798 ​ ​ 8,678 ​ ​ 6,120 ​ Customer lists and relationships ​ 11.0 years ​ 242,995 ​ ​ 89,108 ​ ​ 153,887 ​ ​ ​ ​ ​ $ 283,725 ​ $ 109,968 ​ $ 173,757 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Patents and agreements ​ 14.6 years $ 1,760 ​ $ 1,724 ​ $ 36 ​ Formulas and technology ​ 7.8 years ​ 10,730 ​ ​ 9,961 ​ ​ 769 ​ Trade names ​ 5.9 years ​ 8,673 ​ ​ 8,407 ​ ​ 266 ​ Customer lists and relationships ​ 9.1 years ​ 113,735 ​ ​ 81,145 ​ ​ 32,590 ​ ​ ​ ​ ​ $ 134,898 ​ $ 101,237 ​ $ 33,661 ​ ​ Aggregate amortization expense related to intangible assets for the three months ended November 30, 2022 and 2021 was $8,400 and $3,125, respectively. Estimated amortization expense for the remainder of fiscal year 2023 and for the next five years is as follows: ​ ​ ​ ​ ​ ​ Years ending August 31, ​ ​ ​ 2023 (remaining 9 months) ​ ​ 15,435 ​ 2024 ​ ​ 19,598 ​ 2025 ​ ​ 17,998 ​ 2026 ​ ​ 17,200 ​ 2027 ​ ​ 14,653 ​ 2028 ​ ​ 14,035 ​ ​

Leases

Leases	3 Months Ended
	Nov. 30, 2022
Leases
Leases	Note 8 — Leases ​ The Company accounts for leases in accordance with ASU 2016-02, “Leases (Topic 842).” At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present in the arrangement. Leases with a term greater than one year are recognized on the balance sheet as right-of-use (ROU) assets and short-term and long-term lease liabilities, as applicable. The Company does not have any financing leases that are material in nature. ​ Operating lease liabilities and their corresponding right-of-use assets are initially recorded based on the present value of lease payments over the expected remaining lease term. The interest rate implicit in lease contracts is typically not readily determinable. As a result, the Company utilizes its incremental borrowing rate to discount lease payments, which reflects the fixed rate at which the Company believes it could borrow on a collateralized basis the amount of the lease payments in the same currency, for a similar term, in a similar economic environment. ​ The Company has elected not to recognize leases with an original term of one year or less on the balance sheet. The Company typically only includes an initial lease term in its assessment of a lease arrangement. Options to renew a lease are not included in the Company’s assessment unless there is reasonable certainty that the Company will renew. ​ The Company expensed $548 as a lease impairment related to the Woburn, MA facility relocation in the first quarter of 2023. The Company may have additional costs related to the lease termination in future periods. ​ The following table presents the right-of-use asset and short-term and long-term lease liabilities amounts recorded on the condensed consolidated balance sheet as of November 30, 2022 and August 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ 2022 ​ 2022 Assets ​ ​ ​ ​ Operating lease right-of-use assets ​ $ 8,249 ​ $ 8,596 ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ Current (accrued expenses) ​ $ 1,578 ​ $ 1,448 Operating lease long-term liabilities ​ ​ 6,716 ​ ​ 6,618 Total lease liability ​ $ 8,294 ​ $ 8,066 ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease Cost The components of lease costs for the three months ended November 30, 2022 and 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 ​ 2021 Operating lease cost (a) ​ $ 1,069 ​ $ 828 ​ ​ $ 1,069 ​ $ 828 ​ (a) Includes short-term leases and variable lease costs (e.g. common area maintenance), which are immaterial. ​ ​ Maturity of Lease Liability The maturity of the Company's lease liabilities at November 30, 2022 was as follows: ​ ​ ​ ​ ​ ​ ​ Future Operating Year ending August 31, Lease Payments 2023 (remaining 9 months) ​ ​ 1,347 2024 ​ ​ 1,721 2025 ​ ​ 1,566 2026 ​ ​ 1,318 2027 ​ ​ 901 2028 and thereafter ​ ​ 2,203 Less: Interest ​ ​ (762) Present value of lease liabilities ​ $ 8,294 ​ ​ The weighted average remaining lease terms and discount rates are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ ​ 2022 ​ 2022 ​ Lease Term and Discount Rate ​ ​ ​ ​ ​ Weighted average remaining lease terms (years) ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 6.2 ​ ​ 6.5 ​ Weighted average discount rate (percentage) ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 3.0 % ​ 2.8 % ​ Other Information Supplemental cash flow information related to leases included in the balance sheet is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 443 ​ $ 476 Total cash paid for amounts included in the measurement of lease liabilities ​ $ 443 ​ $ 476 ​

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Nov. 30, 2022
Revenue from Contracts with Customers
Revenue from Contracts with Customers	Note 9 — Revenue from Contracts with Customers ​ The Company accounts for revenue in accordance with ASC 606, “Revenue from Contracts with Customers.” The Company’s revenue is generated from the manufacture of specialty chemical products including coatings, linings, adhesives, sealants, specialty tapes, polymers and laminates. Certain of these manufactured products can incorporate customer-owned materials. The Company also recognizes, to a lesser extent, revenue through royalties and commissions from licensed manufacturers and from providing custom manufacturing-related services. The Company’s revenue recognition policies require the Company to make significant judgments and estimates. In applying the Company’s revenue recognition policy, determinations must be made as to when control of products passes to the Company’s customers, which can be either at a point in time or over time based on contractual terms with customers. Revenue is generally recognized at a point in time when control passes upon either shipment to or receipt by the customer of the Company’s products, while revenue is generally recognized over time when control of the Company’s products transfers to customers during the manufacturing process. ​ Contract Balances ​ The Company’s contract assets primarily relate to unbilled revenue for products currently in production at the Company’s facilities and which incorporate customer-owned material. Revenue is recognized in advance of billing to the customer in these specific circumstances, whereas billing is typically performed at the time of shipment to or receipt by the customer. ​ Contract assets are included in prepaid expenses and other current assets on the Company’s condensed consolidated balance sheet. The following table presents contract assets by reportable operating segment as of November 30, 2022 and August 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ 2022 2022 Contract Assets ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 23 ​ $ 55 Industrial Tapes ​ ​ 161 ​ ​ 123 Corrosion Protection and Waterproofing ​ ​ 12 ​ ​ 3 Total ​ $ 196 ​ $ 181 ​ The Company did not have any contract liabilities as of November 30, 2022 and August 31, 2022. ​ ​ Disaggregated Revenue ​ The Company disaggregates geographical region for the three months ended November 30, 2022 and 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, 2022 ​ ​ Adhesives, Sealants ​ Industrial ​ ​ Corrosion Protection ​ ​ Consolidated ​ ​ and Additives Tapes ​ ​ and Waterproofing ​ ​ Revenue Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ North America ​ $ 29,631 ​ $ 35,352 ​ ​ $ 7,631 ​ ​ $ 72,614 Asia\Middle East ​ ​ 14,581 ​ ​ 1,781 ​ ​ ​ 246 ​ ​ ​ 16,608 Europe ​ ​ 11,184 ​ ​ 1,488 ​ ​ ​ 352 ​ ​ ​ 13,024 All other foreign ​ ​ 157 ​ ​ 456 ​ ​ ​ 34 ​ ​ ​ 647 Total Revenue ​ $ 55,553 ​ $ 39,077 ​ ​ $ 8,263 ​ ​ $ 102,893 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, 2021 ​ ​ Adhesives, Sealants ​ Industrial ​ ​ Corrosion Protection ​ ​ Consolidated ​ ​ and Additives Tapes ​ ​ and Waterproofing ​ ​ Revenue Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ North America ​ $ 20,095 ​ $ 29,634 ​ ​ $ 9,377 ​ ​ $ 59,106 Asia\Middle East ​ ​ 5,970 ​ ​ 1,798 ​ ​ ​ 890 ​ ​ ​ 8,658 Europe ​ ​ 4,796 ​ ​ 912 ​ ​ ​ 915 ​ ​ ​ 6,623 All other foreign ​ ​ 188 ​ ​ 417 ​ ​ ​ 18 ​ ​ ​ 623 Total Revenue ​ $ 31,049 ​ $ 32,761 ​ ​ $ 11,200 ​ ​ $ 75,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Nov. 30, 2022
Commitments and Contingencies
Commitments and Contingencies	​ Note 10 — Commitments and Contingencies ​ The Company is involved from time to time in litigation incidental to the conduct of its business. Although the Company does not expect that the outcome in any of these matters, individually or collectively, will have a material adverse effect on its financial condition, results of operations or cash flows, litigation is inherently unpredictable. Therefore, judgments could be rendered, or settlements agreed to that could adversely affect the Company’s operating results or cash flows in a particular period. The Company routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable.

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	3 Months Ended
	Nov. 30, 2022
Pensions and Other Postretirement Benefits
Pensions and Other Postretirement Benefits	Note 11 — Pensions and Other Postretirement Benefits ​ The components of net periodic benefit cost for the three months ended November 30, 2022 and 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 2021 Components of net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ Service cost ​ ​ $ 75 ​ $ 95 Interest cost ​ ​ ​ 161 ​ ​ 96 Expected return on plan assets ​ ​ ​ (95) ​ ​ (103) Amortization of prior service cost ​ ​ ​ 1 ​ ​ 1 Amortization of accumulated loss ​ ​ ​ 148 ​ ​ 148 Curtailment and settlement loss ​ ​ ​ 200 ​ ​ — Net periodic benefit cost ​ ​ $ 490 ​ $ 237 ​ When funding is required, the Company’s policy is to contribute amounts that are deductible for federal income tax purposes. The Company made contributions of

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Nov. 30, 2022
Fair Value Measurements
Fair Value Measurements	Note 12 — Fair Value Measurements ​ The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. The Company uses a three-tier fair value hierarchy, which classifies the inputs used in measuring fair values. These tiers are: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. ​ The Company utilizes the best available information in measuring fair value. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The financial assets classified as Level 1 and Level 2 as of November 30, 2022 and August 31, 2022 represent investments that are restricted for use in nonqualified retirement savings plans for certain key employees and directors. ​ The following table sets forth the Company’s financial assets that were accounted for at fair value on a recurring basis as of November 30, 2022 and August 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value measurement category ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices ​ Significant other ​ Significant ​ ​ ​ Fair value ​ ​ ​ ​ in active markets ​ observable inputs ​ unobservable inputs ​ ​ measurement date Total (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted investments ​ November 30, 2022 ​ $ 2,540 ​ $ 2,295 ​ $ 245 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted investments ​ August 31, 2022 ​ $ 2,367 ​ $ 2,125 ​ $ 242 ​ $ — ​ ​ The following table presents the fair value of the Company’s liabilities that are accounted for at fair value on a recurring basis as of November 30, 2022 and August 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value measurement category ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices ​ Significant other ​ Significant ​ ​ ​ Fair value ​ ​ ​ ​ in active markets ​ observable inputs ​ unobservable inputs ​ ​ measurement date Total (Level 1) (Level 2) (Level 3) Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ November 30, 2022 ​ $ 165,000 ​ $ — ​ $ 165,000 ​ $ — ​ Contingent consideration ​ November 30, 2022 ​ $ 2,983 ​ $ — ​ $ — ​ $ 2,983 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ August 31, 2022 ​ $ 180,000 ​ $ — ​ $ 180,000 ​ $ — ​ Contingent consideration ​ August 31, 2022 ​ $ 2,584 ​ $ — ​ $ — ​ $ 2,584 ​ ​ The long-term debt (including any current portion of long-term debt) had a $165,000 and $180,000 balance as of November 30, 2022 and August 31, 2022, respectively. The carrying value of the long-term debt approximates its fair value and has a weighted average interest rate of 6% as of November 30, 2022. The interest rate is set based on the movement of the underlying market rates. See Note 16 to the condensed consolidated financial statements for additional information on long-term debt. ​ In connection with accounting for the ABchimie acquisition on September 1, 2020 (fiscal 2021), the Company recorded a contingent consideration liability included within Other liabilities on the condensed consolidated balance sheet of €780 (approximately $928) on the acquisition date, representing the fair value of contingent consideration payable upon the achievement of a performance-based target. The contingent consideration liability was valued using a Monte Carlo simulation model in an option pricing framework based on key inputs that are not all observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The Company assesses the fair value of the contingent consideration liability at each reporting period. Any subsequent changes in the estimated fair value of the liability are reflected in Loss on contingent consideration on the condensed consolidated statement of operations until the liability is settled. As of November 30, 2022, the liability increased to $2,983 predominantly due to changes in non-market data assumptions as well as a shorter period to the payment date.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Nov. 30, 2022
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income	Note 13 — Accumulated Other Comprehensive Income ​ The changes in accumulated other comprehensive income (loss), net of tax, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in Funded ​ Foreign Currency ​ ​ ​ ​ ​ ​ Restricted ​ Status of ​ Translation ​ ​ ​ ​ ​ Investments Pension Plans Adjustment Total Balance at August 31, 2021 ​ $ 518 ​ $ (7,979) ​ $ (3,749) ​ $ (11,210) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive gains (losses) before reclassifications (1) ​ ​ (25) ​ ​ — ​ ​ (2,173) ​ ​ (2,198) ​ Reclassifications to net income of previously deferred (gains) losses (2) ​ ​ (5) ​ ​ 112 ​ ​ — ​ ​ 107 ​ Other comprehensive income (loss) ​ ​ (30) ​ ​ 112 ​ ​ (2,173) ​ ​ (2,091) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at November 30, 2021 ​ $ 488 ​ $ (7,867) ​ $ (5,922) ​ $ (13,301) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2022 ​ $ 164 ​ $ (7,200) ​ $ (13,331) ​ $ (20,367) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive gains (losses) before reclassifications (3) ​ ​ 43 ​ ​ — ​ ​ 1,943 ​ ​ 1,986 ​ Reclassifications to net income of previously deferred (gains) losses (4) ​ ​ (5) ​ ​ 262 ​ ​ — ​ ​ 257 ​ Other comprehensive income (loss) ​ ​ 38 ​ ​ 262 ​ ​ 1,943 ​ ​ 2,243 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at November 30, 2022 ​ $ 202 ​ $ (6,938) ​ $ (11,388) ​ $ (18,124) ​ (1) Net of tax benefit of $12 , $0 and $0 , respectively. (2) Net of tax expense of $2 , tax benefit of $37 and $0 , respectively. (3) Net of tax benefit of $14 , $0 and $0 , respectively. (4) Net of tax expense of $2 , tax benefit of $87 and $0 , respectively. ​ The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the unaudited condensed consolidated statements of income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Reclassified from ​ ​ ​ Location of Gain (Loss) ​ ​ ​ Accumulated Other ​ ​ ​ Reclassified from ​ ​ ​ Comprehensive Income ​ ​ ​ Accumulated ​ ​ ​ (Loss) into Income ​ ​ ​ Other Comprehensive ​ ​ ​ Three Months Ended ​ ​ ​ Income (Loss) ​ ​ November 30, 2022 November 30, 2021 ​ into Income Gains on Restricted Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized loss (gain) on sale of restricted investments ​ $ (7) ​ $ (7) ​ ​ ​ Selling, general and administrative expenses ​ Tax expense (benefit) ​ ​ 2 ​ ​ 2 ​ ​ ​ ​ ​ Gain net of tax ​ $ (5) ​ $ (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss on Funded Pension Plan adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of prior pension service costs and unrecognized losses ​ $ 149 ​ $ 149 ​ ​ ​ Other income (expense) ​ Settlement and curtailment loss ​ ​ 200 ​ ​ — ​ ​ ​ Other income (expense) ​ Tax expense (benefit) ​ ​ (87) ​ ​ (37) ​ ​ ​ ​ ​ Loss net of tax ​ $ 262 ​ $ 112 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net loss reclassified for the period ​ $ 257 ​ $ 107 ​ ​ ​ ​ ​ ​

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2022
Income Taxes
Income Taxes	Note 14 — Income Taxes ​ For the three month periods ended November 30, 2022 and 2021, the Company’s recognized effective tax rate was 21.8% and 25.8%, respectively ​ The Company has applied the U.S. statutory Federal rate of 21%, enacted as part of the Tax Cuts and Jobs Act (the “Tax Act”) in December 2017, for both the quarters ended November 30, 2022 and 2021. ​ In addition, the Company also recognizes an additional component of total Federal tax expense, the tax on Global Intangible Low-Taxed Income (“GILTI”) provision of the Tax Act, which became applicable to the Company in fiscal 2019. The Company elected to account for GILTI as a period cost, and therefore included GILTI expense in the effective tax rate calculation. This provision did not have a material effect on the effective tax rate for the three-month periods ended November 30, 2022 and 2021. Additionally, the Company concluded that the Base Erosion and Anti-Abuse Tax (“BEAT”) provision of the Tax Act, which also became applicable to the Company in fiscal 2019, had no effect on its effective tax rate for the three-month periods ended November 30, 2022 and 2021. ​ On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted in response to the COVID-19 pandemic. The CARES Act, among other things, included a technical correction to the Tax Act which will allow accelerated deductions for qualified improvement property. The Company has evaluated the impact of the CARES Act, and at present does not expect that the qualified improvement property correction or other provisions of the CARES Act will result in a material tax benefit in future periods. The CARES Act had no material effect on the effective tax rate for the three-month periods ended November 30, 2022 and 2021. ​ In July 2020, the United States Internal Revenue Service (“IRS”) released final regulations (TD 9901) that ease documentation standards and provide greater flexibility for taxpayers claiming the deduction for Foreign-Derived Intangible Income (“FDII”). During the three-month period ended November 30, 2022, FDII had a favorable impact on the Company’s effective tax rate. ​ The Inflation Reduction Act ("IRA") was enacted into law on August 16, 2022. Included in the IRA was a provision to implement a 15% corporate alternative minimum tax on “adjusted financial statement income” for applicable corporations and a 1% excise tax on repurchases of stock. These provisions are effective for tax years beginning after December 31, 2022. We are in the process of evaluating the provisions of the IRA, but we do not currently believe the IRA will have a material impact on our reported results, cash flows or financial position when it becomes effective.

Operations Optimization Costs

Operations Optimization Costs	3 Months Ended
	Nov. 30, 2022
Operations Optimization Costs
Operations Optimization Costs	0 Note 15 — Operations Optimization Costs ​ ERP System Upgrade ​ During the first quarter of fiscal 2023, the Company began the process of upgrading our current Oracle Legacy ERP System to the Oracle Fusion Cloud Platform. This upgrade will position us with a more advanced system to support business expansion, access to upgrades in functionality and a more modern system for operations. Additionally, the upgrade will be a multi-year, phased-in approach designed to mitigate any disruptions to our business. The Company recognized $540 in operations optimization expense related to the ERP system upgrade in the first quarter of fiscal 2023. ​ Relocation of Adhesives Systems Manufacturing to O'Hara Township, PA ​ During the third quarter of fiscal 2021 Chase announced to the employees at its Woburn, MA location that its adhesives systems operations, part of the Adhesives, Sealants and Additives segment’s electronic and industrial coatings product line, would be consolidating into the Company’s existing O'Hara Township, PA location. Chase obtained the adhesives systems operations as part of its fiscal 2017 acquisition of the operations of Resin Designs. The Company expensed $113 and $0 related to the consolidation of the Woburn, MA location during the first quarters of fiscal 2023 and 2022, respectively. In addition, the Company expensed $548 as a lease impairment related to the Woburn, MA facility relocation in the first quarter of 2023. The Company may have additional costs related to the lease termination in future periods. ​ Relocation of Chase Corporate Headquarters ​ The Company completed the relocation of its corporate headquarters to another location within Westwood, MA during the fiscal year ended August 31, 2022. The move, part of the Company’s ongoing consolidation and optimization initiative, capitalizes on the hybrid work model utilized by many of Chase’s corporate and administrative employees and is expected to provide future operational cost savings. The new facility also consolidates and houses research and development operations previously conducted at the previous Westwood, MA and Woburn, MA locations. Operations optimization costs related to the Westwood move of $59 were expensed in the first quarter of fiscal 2022. The project is complete and future costs related to the move are not anticipated in fiscal 2023. ​

Long-Term Debt

Long-Term Debt	3 Months Ended
	Nov. 30, 2022
Long-Term Debt
Long-Term Debt	​ Note 16 — Long-Term Debt ​ On July 27, 2021 (the fourth quarter of fiscal 2021), the Company entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”) by and among the Company and NEPTCO Incorporated (“NEPTCO”), each as borrowers, the guarantor subsidiaries party thereto, the financial institutions party thereto as Lenders, and Bank of America, N.A., as administrative agent, with participation from Wells Fargo Bank, N.A., PNC Bank, N.A. and JPMorgan Chase Bank, N.A. The Credit Agreement is used to provide for additional liquidity to finance acquisitions, working capital and capital expenditures, and for other general corporate purposes. The Credit Agreement includes a revolving credit loan (the “Revolving Facility”), with borrowing capabilities not to exceed $200,000 at any time, with the ability to request an increase in this amount by an additional $100,000 at the individual or collective option of any of the Lenders. The applicable interest rate for the Revolving Facility and Term Loan (defined below) is based on the effective London Interbank Offered Rate (LIBOR) plus a spread ranging from 1.00% to 1.75% , depending on the consolidated net leverage ratio of Chase and its subsidiaries. As of November 30, 2022, the Company had $165,000 in long-term debt related to the acquisition of NuCera Solutions that closed on September 1, 2022. The long-term debt has a weighted average interest rate of 6% as of November 30, 2022. ​ The Credit Agreement has a five-year term with interest payments due at the end of the applicable LIBOR period (but in no event less frequently than the three-month anniversary of the commencement of such LIBOR period) and principal payment due at the expiration of the agreement, July 27, 2026. The Credit Agreement contains provisions that may replace LIBOR as the benchmark index under certain circumstances. In addition, the Company may elect a base rate option for all or a portion of the Revolving Facility, in which case interest payments shall be due with respect to such portion of the Revolving Facility on the last business day of each quarter. Subject to certain conditions set forth in the Credit Agreement, the Company may elect to convert all or a portion of the outstanding Revolving Facility into a new term loan twice during the term of the Revolving Facility (each, a “Term Loan”, and collectively with the Revolving Facility, the “Credit Facility”), which Term Loan shall be payable quarterly in equal installments sufficient to amortize the original principal amount of such Term Loan on a ten year amortization schedule. ​ The outstanding balance on the Credit Facility is guaranteed by all of Chase’s direct and indirect domestic subsidiaries, which collectively had a carrying value of approximately $76,078 at November 30, 2022. The Credit Facility is subject to restrictive covenants under the Credit Agreement, and financial covenants that require Chase and its subsidiaries to maintain certain financial ratios on a consolidated basis, including a consolidated net leverage ratio of 3.25 to 1.00 and a consolidated interest coverage ratio of 3.50 to 1.00 (both defined in the Credit Agreement). Chase Corporation was in compliance with the debt covenants as of November 30, 2022. The Credit Agreement also requires lender approval for acquisitions over a certain size, and allows for a temporary step-up in the allowed consolidated leverage ratio for the four fiscal quarters ending after certain designated acquisitions. Prepayment is allowed by the Credit Agreement at any time during the term of the agreement, subject to customary notice requirements and the payment of customary LIBOR breakage fees.

Acquisitions

Acquisitions	3 Months Ended
	Nov. 30, 2022
Acquisitions
Acquisitions	​ Note 17 – Acquisitions ​ Acquisition of NuCera Solutions ​ On September 1, 2022 (the first day of fiscal 2023), the Company acquired all of the capital stock of NuCera Solutions (“NuCera”). The NuCera acquisitions extends our global reach in the production and development of highly differentiated specialty polymers and polymerization technologies serving demanding applications, offering products critical to enabling end-product functionality, performance and reliability for new blue-chip customers and high-growth end markets such as personal care, polymer additives, coatings, diversified consumer products and masterbatches. ​ The Company acquired all of the capital stock of NuCera for a purchase price of $250,000, net of debt, accrued income taxes, cash at closing, and working capital adjustments resulting in a purchase price consideration of $249,945. In the first quarter of fiscal 2023, the Company paid $248,967, net of $498 of cash acquired, and the remaining $480 related to the final working capital adjustment will be paid in the second quarter of fiscal 2023. The purchase was funded by utilizing $180,000 from the Company’s existing revolving credit facility and the remaining $70,000 from available cash on hand. The Company recorded transaction costs of $29 in the first quarter of fiscal 2023 and $4,000 in the fourth quarter of fiscal 2022 related to this acquisition which are excluded from the purchase price. Acquisition-related costs consist of legal and professional fees related to the NuCera acquisition. ​ The NuCera acquisition has been accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification Topic 805, Business Combinations, (“ASC 805”). The purchase price consideration has been allocated to the assets acquired and liabilities assumed of NuCera based upon preliminary estimate of their fair values as of the acquisition date. Fair values of the assets acquired and liabilities assumed are measured in accordance with ASC Topic 820, Fair Value Measurements, (“ASC 820”), using the discounted cash flows and other applicable valuation techniques. For certain assets and liabilities, those fair values are consistent with historical carrying values. ​ The following table summarizes the purchase consideration and the preliminary purchase price allocation to estimate fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands): ​ ​ ​ ​ ​ Allocation of the Purchase Price ​ ​ ​ ​ ​ ​ ​ Preliminary Purchase Price Allocation Amount Cash consideration ​ $ 249,945 Total fair value of consideration transferred ​ ​ 249,945 ​ ​ ​ ​ Assets acquired: ​ ​ ​ Cash and cash equivalents ​ $ 498 Accounts receivable ​ ​ 10,392 Inventory ​ ​ 16,063 Prepaid and other current assets ​ ​ 5,096 Property, plant & equipment ​ ​ 38,489 Operating lease right-of-use assets ​ ​ 579 Goodwill ​ ​ 80,041 Intangible assets ​ ​ 148,021 Other assets ​ ​ 211 Total assets acquired ​ ​ 299,390 ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ Accounts payable ​ $ 4,731 Accrued expenses ​ ​ 6,559 Income taxes payable ​ ​ 716 Operating lease long-term liabilities ​ ​ 474 Deferred income taxes ​ ​ 36,866 Accrued Income Taxes ​ ​ 99 Total liabilities assumed ​ ​ 49,445 Net Assets acquired ​ $ 249,945 ​ ​ The purchase price allocation is preliminary and subject to revision as acquisition-date fair value analyses are completed and if additional information about facts and circumstances that existed at the acquisition date become available. The purchase price consideration, as well as the estimated fair values of the assets acquired and liabilities assumed, will be finalized as practicable, but no later than one year from the closing of the NuCera acquisition. ​ The preliminary purchase price allocation resulted in goodwill of $80,041 of which $1,147 is deductible for income tax purposes. Goodwill consists of the excess of the purchase price over the fair value of the acquired assets and assumed liabilities representing the estimated economic value attributable to future operations. ​ At this time, except for the items noted below, we do not expect material changes to the value of the assets acquired or liabilities assumed in conjunction with the transaction. Specifically, deferred tax assets and liabilities are subject to change. As management receives additional information during the measurement period, these assets and liabilities may be adjusted. Under the acquisition method of accounting for business combinations, if we identify changes to acquired deferred tax asset valuation allowances or liabilities related to uncertain tax positions during the measurement period, and they are related to new information obtained about facts and circumstances that existed as of the acquisition date, those changes are considered a measurement-period adjustment, and we record the offset to goodwill. The Company will record all other changes to deferred tax asset valuation allowances and liabilities related to uncertain tax positions in current-period income tax expense. This accounting applies to all of our acquisitions, regardless of acquisition date. ​ The revenue and net loss for the results of operations for NuCera was $20,350 and ($4,429) for the first quarter of fiscal 2023. ​ The pro forma summary below presents the results of operations as if the NuCera acquisition occurred on September 1, 2021 and includes proforma adjustments such as $5,880 of incremental amortization expense from acquired intangible assets, $2,240 of inventory step-up, $2,140 of incremental interest expense, and the tax related impact. The pro forma summary uses estimates and assumptions based on information available at the time. Management believes the estimates and assumptions to be reasonable; however, actual results may have differed significantly from this pro forma financial information. The pro forma information does not reflect any cost savings, operating synergies or revenue enhancements that might have been achieved from combining the operations. The unaudited pro forma summary is provided for illustrative purposes only and does not purport to represent Chase’s actual consolidated results of operations had the acquisition been completed as of the date presented, nor should it be considered indicative of Chase’s future consolidated results of operations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Revenue ​ $ 102,893 ​ ​ $ 96,608 Net income ​ ​ 6,724 ​ ​ ​ 8,965 ​ ​

Subsequent Events

Subsequent Events	3 Months Ended
	Nov. 30, 2022
Subsequent Events
Subsequent Events	Note 18 – Subsequent Event ​ Dividend Payment ​ On November 10, 2022, Chase announced a cash dividend of $1.00 per share (totaling $9,500) to shareholders of record on November 30, 2022 and paid on December 9, 2022, the second quarter of fiscal 2023.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Nov. 30, 2022
Inventory
Schedule of inventory	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ 2022 2022 Raw materials ​ ​ $ 47,270 ​ $ 37,909 Work in process ​ ​ ​ 9,695 ​ ​ 9,569 Finished goods ​ ​ ​ 29,019 ​ ​ 15,561 Total Inventory ​ ​ $ 85,984 ​ $ 63,039

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Nov. 30, 2022
Net Income Per Share
Schedule of determination of earnings per share under the two-class method	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ 6,724 $ 9,727 Less: Allocated to participating securities ​ ​ 56 ​ ​ 64 ​ Net income available to common shareholders $ 6,668 $ 9,663 ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ ​ 9,417,418 ​ ​ 9,397,873 ​ Net income per share - Basic $ 0.71 $ 1.03 ​ ​ ​ ​ ​ ​ ​ ​ Diluted Earnings per Share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income $ 6,724 $ 9,727 Less: Allocated to participating securities ​ ​ 56 ​ ​ 64 ​ Net income available to common shareholders $ 6,668 $ 9,663 ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ ​ 9,417,418 ​ ​ 9,397,873 ​ Additional dilutive common stock equivalents ​ ​ 26,706 ​ ​ 40,561 ​ Diluted weighted average shares outstanding ​ ​ 9,444,124 ​ ​ 9,438,434 ​ Net income per share - Diluted $ 0.71 $ 1.02

Segment Data and Foreign Oper_2

Segment Data and Foreign Operations (Tables)	3 Months Ended
	Nov. 30, 2022
Segment Data and Foreign Operations
Summary of information about the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ ​ ​ 2022 ​ 2021 Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 55,553 ​ ​ $ 31,049 ​ ​ Industrial Tapes ​ ​ 39,077 ​ ​ ​ 32,761 ​ ​ Corrosion Protection and Waterproofing ​ ​ 8,263 ​ ​ ​ 11,200 ​ ​ Total ​ $ 102,893 ​ ​ $ 75,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 4,124 (a) ​ $ 7,597 (c) ​ Industrial Tapes ​ ​ 11,947 ​ ​ ​ 9,290 ​ ​ Corrosion Protection and Waterproofing ​ ​ 2,551 ​ ​ ​ 4,446 ​ ​ Total for reportable segments ​ ​ 18,622 ​ ​ ​ 21,333 ​ ​ Corporate and common costs ​ ​ (10,022) (b) ​ ​ (8,216) (d) ​ Total ​ $ 8,600 ​ ​ $ 13,117 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Includes the following costs by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ 2,138 ​ ​ $ 35 ​ ​ Depreciation ​ ​ 1,684 ​ ​ ​ 243 ​ ​ Amortization ​ ​ 8,398 ​ ​ ​ 2,740 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial Tapes ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ — ​ ​ $ 35 ​ ​ Depreciation ​ ​ 339 ​ ​ ​ 410 ​ ​ Amortization ​ ​ 1 ​ ​ ​ 384 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corrosion Protection and Waterproofing ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ $ — ​ ​ $ 17 ​ ​ Depreciation ​ ​ 125 ​ ​ ​ 118 ​ ​ Amortization ​ ​ 1 ​ ​ ​ 1 ​ ​ ​ (a) Includes $306 loss on the upward adjustment of the performance-based earn out contingent consideration associated with the September 2020 acquisition of ABchimie, $113 in operations optimization costs related to the move from Woburn, MA to O’Hara Township, PA, $548 of lease impairment related to the Woburn, MA facility relocation, $2,200 of purchase accounting inventory adjustment related to the Company’s NuCera business, and $2,820 of backlog amortization fully amortized related to the Company’s NuCera business (b) Includes $540 of operations optimization related to the Company’s ERP upgrade (c) Includes $475 loss on the upward adjustment of the performance-based earn out contingent consideration associated with the September 2020 acquisition of ABchimie (d) Includes $59 of operations optimization costs related to the Company’s move to the new corporate headquarters in Westwood, MA ​ Total assets for the Company’s reportable segments as of November 30, 2022 and August 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ ​ 2022 2022 Total Assets ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 443,209 ​ $ 153,784 ​ ​ Industrial Tapes ​ ​ 91,078 ​ ​ 87,751 ​ ​ Corrosion Protection and Waterproofing ​ ​ 30,821 ​ ​ 33,037 ​ ​ Total for reportable segments ​ ​ 565,108 ​ ​ 274,572 ​ ​ Corporate and common assets (a) ​ ​ 77,954 ​ ​ 337,008 ​ ​ Total ​ $ 643,062 ​ $ 611,580 ​ ​
Schedule of revenue by country	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ ​ ​ 2022 ​ 2021 ​ ​ Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ United States ​ $ 87,161 ​ ​ $ 65,053 ​ ​ United Kingdom ​ ​ 5,803 ​ ​ ​ 4,594 ​ ​ France ​ ​ 7,213 ​ ​ ​ 2,531 ​ ​ All other foreign (1) ​ ​ 2,716 ​ ​ ​ 2,832 ​ ​ Total ​ $ 102,893 ​ ​ $ 75,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Consists of sales from royalty revenue attributable to its licensed manufacturer in Asia and sales originated from the Company’s foreign operations in China, India and Singapore. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of total assets for the Company's reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ ​ ​ 2022 2022 ​ ​ Long-Lived Assets ​ ​ ​ ​ ​ ​ ​ ​ United States ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ $ 59,680 ​ $ 21,300 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 315,886 ​ ​ 105,216 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United Kingdom ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ ​ 1,827 ​ ​ 1,832 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 3,402 ​ ​ 3,318 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ France ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ ​ 267 ​ ​ 239 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 29,606 ​ ​ 20,130 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ All other foreign ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ ​ 881 ​ ​ 877 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ ​ 645 ​ ​ 157 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment, net ​ $ 62,655 ​ $ 24,248 ​ ​ Goodwill and Intangible assets, less accumulated amortization ​ $ 349,539 ​ $ 128,821 ​ ​

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	3 Months Ended
	Nov. 30, 2022
Goodwill and Other Intangibles
Schedule of changes in the carrying value of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives Industrial Tapes Corrosion Protection and Waterproofing Consolidated Balance at August 31, 2022 ​ $ 63,272 ​ $ 21,215 ​ $ 10,673 ​ $ 95,160 ​ Acquisition of NuCera Solutions ​ ​ 80,041 ​ ​ — ​ ​ — ​ ​ 80,041 ​ Foreign currency translation adjustment ​ ​ 576 ​ ​ — ​ ​ 5 ​ ​ 581 ​ Balance at November 30, 2022 ​ $ 143,889 ​ $ 21,215 ​ $ 10,678 ​ $ 175,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of intangible assets subject to amortization	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ Gross Carrying ​ Accumulated ​ Net Carrying ​ ​ Amortization Period Value Amortization Value November 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Patents and agreements ​ 14.6 years $ 1,760 ​ $ 1,726 ​ $ 34 ​ Formulas and technology ​ 7.9 years ​ 24,172 ​ ​ 10,456 ​ ​ 13,716 ​ Trade names ​ 6.3 years ​ 14,798 ​ ​ 8,678 ​ ​ 6,120 ​ Customer lists and relationships ​ 11.0 years ​ 242,995 ​ ​ 89,108 ​ ​ 153,887 ​ ​ ​ ​ ​ $ 283,725 ​ $ 109,968 ​ $ 173,757 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Patents and agreements ​ 14.6 years $ 1,760 ​ $ 1,724 ​ $ 36 ​ Formulas and technology ​ 7.8 years ​ 10,730 ​ ​ 9,961 ​ ​ 769 ​ Trade names ​ 5.9 years ​ 8,673 ​ ​ 8,407 ​ ​ 266 ​ Customer lists and relationships ​ 9.1 years ​ 113,735 ​ ​ 81,145 ​ ​ 32,590 ​ ​ ​ ​ ​ $ 134,898 ​ $ 101,237 ​ $ 33,661 ​
Schedule of estimated amortization expense	​ ​ ​ ​ ​ ​ Years ending August 31, ​ ​ ​ 2023 (remaining 9 months) ​ ​ 15,435 ​ 2024 ​ ​ 19,598 ​ 2025 ​ ​ 17,998 ​ 2026 ​ ​ 17,200 ​ 2027 ​ ​ 14,653 ​ 2028 ​ ​ 14,035 ​

Leases (Tables)

Leases (Tables)	3 Months Ended
	Nov. 30, 2022
Leases
Schedule of Lessee's balance sheet disclosure	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ 2022 ​ 2022 Assets ​ ​ ​ ​ Operating lease right-of-use assets ​ $ 8,249 ​ $ 8,596 ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ Current (accrued expenses) ​ $ 1,578 ​ $ 1,448 Operating lease long-term liabilities ​ ​ 6,716 ​ ​ 6,618 Total lease liability ​ $ 8,294 ​ $ 8,066 ​ ​ ​ ​ ​ ​ ​
Schedule of components of lease costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 ​ 2021 Operating lease cost (a) ​ $ 1,069 ​ $ 828 ​ ​ $ 1,069 ​ $ 828 ​ (a) Includes short-term leases and variable lease costs (e.g. common area maintenance), which are immaterial. ​ ​
Schedule of Maturity of lease liability	​ ​ ​ ​ ​ ​ ​ Future Operating Year ending August 31, Lease Payments 2023 (remaining 9 months) ​ ​ 1,347 2024 ​ ​ 1,721 2025 ​ ​ 1,566 2026 ​ ​ 1,318 2027 ​ ​ 901 2028 and thereafter ​ ​ 2,203 Less: Interest ​ ​ (762) Present value of lease liabilities ​ $ 8,294
Schedule of weighted average remaining lease term and discount rates	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ ​ ​ 2022 ​ 2022 ​ Lease Term and Discount Rate ​ ​ ​ ​ ​ Weighted average remaining lease terms (years) ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 6.2 ​ ​ 6.5 ​ Weighted average discount rate (percentage) ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 3.0 % ​ 2.8 %
Schedule of supplemental cash flow information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ ​ Operating cash outflows from operating leases ​ $ 443 ​ $ 476 Total cash paid for amounts included in the measurement of lease liabilities ​ $ 443 ​ $ 476

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Nov. 30, 2022
Revenue from Contracts with Customers
Schedule of contract assets by reportable operating segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ November 30, ​ August 31, ​ 2022 2022 Contract Assets ​ ​ ​ ​ ​ ​ Adhesives, Sealants and Additives ​ $ 23 ​ $ 55 Industrial Tapes ​ ​ 161 ​ ​ 123 Corrosion Protection and Waterproofing ​ ​ 12 ​ ​ 3 Total ​ $ 196 ​ $ 181
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, 2022 ​ ​ Adhesives, Sealants ​ Industrial ​ ​ Corrosion Protection ​ ​ Consolidated ​ ​ and Additives Tapes ​ ​ and Waterproofing ​ ​ Revenue Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ North America ​ $ 29,631 ​ $ 35,352 ​ ​ $ 7,631 ​ ​ $ 72,614 Asia\Middle East ​ ​ 14,581 ​ ​ 1,781 ​ ​ ​ 246 ​ ​ ​ 16,608 Europe ​ ​ 11,184 ​ ​ 1,488 ​ ​ ​ 352 ​ ​ ​ 13,024 All other foreign ​ ​ 157 ​ ​ 456 ​ ​ ​ 34 ​ ​ ​ 647 Total Revenue ​ $ 55,553 ​ $ 39,077 ​ ​ $ 8,263 ​ ​ $ 102,893 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, 2021 ​ ​ Adhesives, Sealants ​ Industrial ​ ​ Corrosion Protection ​ ​ Consolidated ​ ​ and Additives Tapes ​ ​ and Waterproofing ​ ​ Revenue Revenue ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ North America ​ $ 20,095 ​ $ 29,634 ​ ​ $ 9,377 ​ ​ $ 59,106 Asia\Middle East ​ ​ 5,970 ​ ​ 1,798 ​ ​ ​ 890 ​ ​ ​ 8,658 Europe ​ ​ 4,796 ​ ​ 912 ​ ​ ​ 915 ​ ​ ​ 6,623 All other foreign ​ ​ 188 ​ ​ 417 ​ ​ ​ 18 ​ ​ ​ 623 Total Revenue ​ $ 31,049 ​ $ 32,761 ​ ​ $ 11,200 ​ ​ $ 75,010 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefits (Tables)	3 Months Ended
	Nov. 30, 2022
Pensions and Other Postretirement Benefits
Schedule of components of net periodic benefit cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 2021 Components of net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ Service cost ​ ​ $ 75 ​ $ 95 Interest cost ​ ​ ​ 161 ​ ​ 96 Expected return on plan assets ​ ​ ​ (95) ​ ​ (103) Amortization of prior service cost ​ ​ ​ 1 ​ ​ 1 Amortization of accumulated loss ​ ​ ​ 148 ​ ​ 148 Curtailment and settlement loss ​ ​ ​ 200 ​ ​ — Net periodic benefit cost ​ ​ $ 490 ​ $ 237

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Nov. 30, 2022
Fair Value Measurements
Schedule of financial assets and liabilities that were accounted for at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value measurement category ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices ​ Significant other ​ Significant ​ ​ ​ Fair value ​ ​ ​ ​ in active markets ​ observable inputs ​ unobservable inputs ​ ​ measurement date Total (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted investments ​ November 30, 2022 ​ $ 2,540 ​ $ 2,295 ​ $ 245 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restricted investments ​ August 31, 2022 ​ $ 2,367 ​ $ 2,125 ​ $ 242 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value measurement category ​ ​ ​ ​ ​ ​ ​ ​ Quoted prices ​ Significant other ​ Significant ​ ​ ​ Fair value ​ ​ ​ ​ in active markets ​ observable inputs ​ unobservable inputs ​ ​ measurement date Total (Level 1) (Level 2) (Level 3) Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ November 30, 2022 ​ $ 165,000 ​ $ — ​ $ 165,000 ​ $ — ​ Contingent consideration ​ November 30, 2022 ​ $ 2,983 ​ $ — ​ $ — ​ $ 2,983 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt ​ August 31, 2022 ​ $ 180,000 ​ $ — ​ $ 180,000 ​ $ — ​ Contingent consideration ​ August 31, 2022 ​ $ 2,584 ​ $ — ​ $ — ​ $ 2,584 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Nov. 30, 2022
Accumulated Other Comprehensive Income
Schedule of components of accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in Funded ​ Foreign Currency ​ ​ ​ ​ ​ ​ Restricted ​ Status of ​ Translation ​ ​ ​ ​ ​ Investments Pension Plans Adjustment Total Balance at August 31, 2021 ​ $ 518 ​ $ (7,979) ​ $ (3,749) ​ $ (11,210) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive gains (losses) before reclassifications (1) ​ ​ (25) ​ ​ — ​ ​ (2,173) ​ ​ (2,198) ​ Reclassifications to net income of previously deferred (gains) losses (2) ​ ​ (5) ​ ​ 112 ​ ​ — ​ ​ 107 ​ Other comprehensive income (loss) ​ ​ (30) ​ ​ 112 ​ ​ (2,173) ​ ​ (2,091) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at November 30, 2021 ​ $ 488 ​ $ (7,867) ​ $ (5,922) ​ $ (13,301) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2022 ​ $ 164 ​ $ (7,200) ​ $ (13,331) ​ $ (20,367) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive gains (losses) before reclassifications (3) ​ ​ 43 ​ ​ — ​ ​ 1,943 ​ ​ 1,986 ​ Reclassifications to net income of previously deferred (gains) losses (4) ​ ​ (5) ​ ​ 262 ​ ​ — ​ ​ 257 ​ Other comprehensive income (loss) ​ ​ 38 ​ ​ 262 ​ ​ 1,943 ​ ​ 2,243 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at November 30, 2022 ​ $ 202 ​ $ (6,938) ​ $ (11,388) ​ $ (18,124) ​ (1) Net of tax benefit of $12 , $0 and $0 , respectively. (2) Net of tax expense of $2 , tax benefit of $37 and $0 , respectively. (3) Net of tax benefit of $14 , $0 and $0 , respectively. (4) Net of tax expense of $2 , tax benefit of $87 and $0 , respectively.
Summary of the reclassifications from accumulated other comprehensive income (loss) to the condensed consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) Reclassified from ​ ​ ​ Location of Gain (Loss) ​ ​ ​ Accumulated Other ​ ​ ​ Reclassified from ​ ​ ​ Comprehensive Income ​ ​ ​ Accumulated ​ ​ ​ (Loss) into Income ​ ​ ​ Other Comprehensive ​ ​ ​ Three Months Ended ​ ​ ​ Income (Loss) ​ ​ November 30, 2022 November 30, 2021 ​ into Income Gains on Restricted Investments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Realized loss (gain) on sale of restricted investments ​ $ (7) ​ $ (7) ​ ​ ​ Selling, general and administrative expenses ​ Tax expense (benefit) ​ ​ 2 ​ ​ 2 ​ ​ ​ ​ ​ Gain net of tax ​ $ (5) ​ $ (5) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss on Funded Pension Plan adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of prior pension service costs and unrecognized losses ​ $ 149 ​ $ 149 ​ ​ ​ Other income (expense) ​ Settlement and curtailment loss ​ ​ 200 ​ ​ — ​ ​ ​ Other income (expense) ​ Tax expense (benefit) ​ ​ (87) ​ ​ (37) ​ ​ ​ ​ ​ Loss net of tax ​ $ 262 ​ $ 112 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net loss reclassified for the period ​ $ 257 ​ $ 107 ​ ​ ​ ​ ​

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Nov. 30, 2022
Acquisitions
Schedule of allocation of acquisition cost to the acquired tangible and identifiable intangible assets and liabilities assumed based on their fair values as of the date of the acquisition	​ ​ ​ ​ ​ Allocation of the Purchase Price ​ ​ ​ ​ ​ ​ ​ Preliminary Purchase Price Allocation Amount Cash consideration ​ $ 249,945 Total fair value of consideration transferred ​ ​ 249,945 ​ ​ ​ ​ Assets acquired: ​ ​ ​ Cash and cash equivalents ​ $ 498 Accounts receivable ​ ​ 10,392 Inventory ​ ​ 16,063 Prepaid and other current assets ​ ​ 5,096 Property, plant & equipment ​ ​ 38,489 Operating lease right-of-use assets ​ ​ 579 Goodwill ​ ​ 80,041 Intangible assets ​ ​ 148,021 Other assets ​ ​ 211 Total assets acquired ​ ​ 299,390 ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ Accounts payable ​ $ 4,731 Accrued expenses ​ ​ 6,559 Income taxes payable ​ ​ 716 Operating lease long-term liabilities ​ ​ 474 Deferred income taxes ​ ​ 36,866 Accrued Income Taxes ​ ​ 99 Total liabilities assumed ​ ​ 49,445 Net Assets acquired ​ $ 249,945
Schedule of pro forma information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended November 30, ​ ​ 2022 ​ 2021 ​ ​ ​ ​ ​ ​ Revenue ​ $ 102,893 ​ ​ $ 96,608 Net income ​ ​ 6,724 ​ ​ ​ 8,965 ​

Basis of Financial Statement _2

Basis of Financial Statement Presentation (Details) - USD ($)		3 Months Ended			12 Months Ended
	Sep. 01, 2022	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2021	Aug. 31, 2022
Consideration paid in cash	$ 248,967,000	$ 248,967,000
Business development cost		540,000
Loss on impairment of right of use lease asset		548,000
Exit costs related to facilities		653,000		$ 59,000
Adhesives, Sealants and Additives
Exit costs related to facilities		113,000		0
Westwood, MA
Exit costs related to facilities				59,000
Woburn, MA
Loss on impairment of right of use lease asset		548,000
Woburn, MA | Adhesives, Sealants and Additives
Restructuring cost		113,000		0
Loss on impairment of right of use lease asset		548,000
Exit costs related to facilities		113,000
Other income/expense
Foreign currency translation gain (loss)		(199,000)		$ 241,000
NuCera Solutions
Purchase price	250,000,000
Borrowings on debt	180,000,000				$ 180,000
Consideration paid in cash	$ 70,000,000
Acquisition transaction costs		$ 29,000	$ 4,000,000

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Inventory
Raw materials	$ 47,270	$ 37,909
Work in process	9,695	9,569
Finished goods	29,019	15,561
Total Inventory	$ 85,984	$ 63,039

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Basic Earnings per Share
Net income	$ 6,724	$ 9,727
Less: Allocated to participating securities	56	64
Net income available to common shareholders	$ 6,668	$ 9,663
Basic weighted average shares outstanding	9,417,418	9,397,873
Net income per share - Basic (in dollars per share)	$ 0.71	$ 1.03
Diluted Earnings per Share
Net income	$ 6,724	$ 9,727
Less: Allocated to participating securities	56	64
Net income available to common shareholders	$ 6,668	$ 9,663
Basic weighted average shares outstanding	9,417,418	9,397,873
Additional dilutive common stock equivalents (in shares)	26,706	40,561
Diluted weighted average shares outstanding	9,444,124	9,438,434
Net income per share - Diluted (in dollars per share)	$ 0.71	$ 1.02
Antidilutive securities
Antidilutive stock options excluded from computation of earnings per share amount (in shares)	129,295	72,690

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	1 Months Ended		12 Months Ended
	Aug. 31, 2022 item $ / shares shares	Aug. 31, 2021 item $ / shares shares	Aug. 31, 2022 $ / shares shares
Restricted stock
Stock-Based Compensation
Shares granted			842
2022 LTIP | Executive officers and other members of management | August 31, 2024 vesting date
Stock-Based Compensation
Shares granted		9,584
Weighted Average Exercise Price (in dollars per share) | $ / shares		$ 114.50
Number of equal annual allotments in which awards will vest | item		3
2022 LTIP | Performance and service based restricted stock | Executive officers and other members of management | August 31, 2024 vesting date
Stock-Based Compensation
Shares granted		3,304
2022 LTIP | Options | Executive officers and other members of management
Stock-Based Compensation
Number Options Outstanding (in shares)	25,987
Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 88.16		$ 88.16
Number of equal annual allotments in which awards will vest | item	3
Expiration term	10 years
2022 LTIP | Options | Executive officers and other members of management | August 31, 2024 vesting date
Stock-Based Compensation
Number Options Outstanding (in shares)		12,942
2023 LTIP | Performance and service based restricted stock | Executive officers and other members of management | August 31, 2025 vesting date
Stock-Based Compensation
Shares granted	10,580
2023 LTIP | Time-based restricted stock | Executive officers and other members of management | August 31, 2023 vesting date
Stock-Based Compensation
Shares granted	636
2023 LTIP | Time-based restricted stock | Executive officers and other members of management | August 31, 2025 vesting date
Stock-Based Compensation
Shares granted	9,918
2023 LTIP | Retention grant time-based restricted stock | Executive officers and other members of management
Stock-Based Compensation
Shares granted	10,015
2023 LTIP | Retention grant time-based restricted stock | Executive officers and other members of management | March 1, 2023 vesting date
Stock-Based Compensation
Shares granted	2,056
2023 LTIP | Retention grant time-based restricted stock | Executive officers and other members of management | September 1, 2023 vesting date
Stock-Based Compensation
Shares granted	3,705
2023 LTIP | Retention grant time-based restricted stock | Executive officers and other members of management | August 31, 2024 vesting date
Stock-Based Compensation
Shares granted	1,418
2023 LTIP | Retention grant time-based restricted stock | Executive officers and other members of management | August 31, 2026 vesting date
Stock-Based Compensation
Shares granted	2,836

Segment Data and Foreign Oper_3

Segment Data and Foreign Operations (Details)		3 Months Ended		12 Months Ended
	Sep. 01, 2022 USD ($)	Nov. 30, 2022 USD ($) segment	Nov. 30, 2021 USD ($)	Aug. 31, 2022 USD ($)
Segment data
Number of operating segments | segment		3
Revenue		$ 102,893,000	$ 75,010,000
Income before income taxes		8,600,000	13,117,000
Interest		2,138,000	87,000
Depreciation		2,330,000	877,000
Amortization		8,400,000	3,125,000
Loss (gain) on contingent consideration		(306,000)	(475,000)
Exit costs related to facilities		653,000	59,000
Loss on impairment of right of use lease asset		548,000
Total assets		643,062,000		$ 611,580,000
NuCera Solutions
Segment data
Revenue		20,350,000
Backlog amortization		2,820,000
Borrowings on debt	$ 180,000,000			180,000
Consideration paid in cash	$ 70,000,000
Woburn, MA
Segment data
Loss on impairment of right of use lease asset		548,000
Westwood, MA
Segment data
Exit costs related to facilities			59,000
Adhesives, Sealants and Additives
Segment data
Revenue		55,553,000	31,049,000
Exit costs related to facilities		113,000	0
Total assets		443,209,000		153,784,000
Adhesives, Sealants and Additives | ABchime
Segment data
Loss (gain) on contingent consideration		306,000	475,000
Adhesives, Sealants and Additives | NuCera Solutions
Segment data
Inventory, purchase accounting adjustments		2,200,000
Adhesives, Sealants and Additives | Woburn, MA
Segment data
Exit costs related to facilities		113,000
Loss on impairment of right of use lease asset		548,000
Industrial Tapes
Segment data
Revenue		39,077,000	32,761,000
Total assets		91,078,000		87,751,000
Corrosion Protection and Waterproofing
Segment data
Revenue		8,263,000	11,200,000
Total assets		30,821,000		33,037,000
Reportable segments
Segment data
Income before income taxes		18,622,000	21,333,000
Total assets		565,108,000		274,572,000
Reportable segments | Adhesives, Sealants and Additives
Segment data
Revenue		55,553,000	31,049,000
Income before income taxes		4,124,000	7,597,000
Interest		2,138,000	35,000
Depreciation		1,684,000	243,000
Amortization		8,398,000	2,740,000
Reportable segments | Industrial Tapes
Segment data
Revenue		39,077,000	32,761,000
Income before income taxes		11,947,000	9,290,000
Interest			35,000
Depreciation		339,000	410,000
Amortization		1,000	384,000
Reportable segments | Corrosion Protection and Waterproofing
Segment data
Revenue		8,263,000	11,200,000
Income before income taxes		2,551,000	4,446,000
Interest			17,000
Depreciation		125,000	118,000
Amortization		1,000	1,000
Corporate and common costs
Segment data
Income before income taxes		(10,022,000)	$ (8,216,000)
Total assets		77,954,000		$ 337,008,000
Engineering Studies related to Facility Consolidation and Rationalization Initiative
Segment data
Exit costs related to facilities		$ 540,000

Segment Data and Foreign Oper_4

Segment Data and Foreign Operations - Revenue and Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Aug. 31, 2022
Concentration risk
Revenue	$ 102,893	$ 75,010
Property, plant and equipment, net	62,655		$ 24,248
Goodwill and Intangible assets, less accumulated amortization	349,539		128,821
United States
Concentration risk
Revenue	87,161	65,053
Property, plant and equipment, net	59,680		21,300
Goodwill and Intangible assets, less accumulated amortization	315,886		105,216
United Kingdom
Concentration risk
Revenue	5,803	4,594
Property, plant and equipment, net	1,827		1,832
Goodwill and Intangible assets, less accumulated amortization	3,402		3,318
France
Concentration risk
Revenue	7,213	2,531
Property, plant and equipment, net	267		239
Goodwill and Intangible assets, less accumulated amortization	29,606		20,130
All other Foreign
Concentration risk
Revenue	2,716	$ 2,832
Property, plant and equipment, net	881		877
Goodwill and Intangible assets, less accumulated amortization	$ 645		$ 157

Goodwill and Other Intangible_2

Goodwill and Other Intangibles - Goodwill (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2022 USD ($) item segment	Sep. 01, 2022 USD ($)
Changes in the carrying value of goodwill
Balance at the beginning of the period	$ 95,160
Foreign currency translation adjustment	581
Balance at the end of the period	$ 175,782
Number of reporting units | item	3
Number of operating segments | segment	3
NuCera Solutions
Changes in the carrying value of goodwill
Acquisitions	$ 80,041
Goodwill deductible for income tax purposes		$ 1,147
Adhesives, Sealants and Additives
Changes in the carrying value of goodwill
Balance at the beginning of the period	63,272
Foreign currency translation adjustment	576
Balance at the end of the period	143,889
Adhesives, Sealants and Additives | NuCera Solutions
Changes in the carrying value of goodwill
Acquisitions	80,041
Industrial Tapes
Changes in the carrying value of goodwill
Balance at the beginning of the period	21,215
Balance at the end of the period	21,215
Corrosion Protection and Waterproofing
Changes in the carrying value of goodwill
Balance at the beginning of the period	10,673
Foreign currency translation adjustment	5
Balance at the end of the period	$ 10,678

Goodwill and Other Intangible_3

Goodwill and Other Intangibles - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Aug. 31, 2022
Goodwill and Other Intangibles
Gross Carrying Value	$ 283,725		$ 134,898
Accumulated Amortization	109,968		101,237
Net Carrying Value	173,757		$ 33,661
Aggregate amortization expense	8,400	$ 3,125
Estimated amortization expense
2023 (remaining 9 months)	15,435
2024	19,598
2025	17,998
2026	17,200
2027	14,653
2028	$ 14,035
Patents and agreements
Goodwill and Other Intangibles
Weighted-Average Amortization Period	14 years 7 months 6 days		14 years 7 months 6 days
Gross Carrying Value	$ 1,760		$ 1,760
Accumulated Amortization	1,726		1,724
Net Carrying Value	$ 34		$ 36
Formulas and technology
Goodwill and Other Intangibles
Weighted-Average Amortization Period	7 years 10 months 24 days		7 years 9 months 18 days
Gross Carrying Value	$ 24,172		$ 10,730
Accumulated Amortization	10,456		9,961
Net Carrying Value	$ 13,716		$ 769
Trade names
Goodwill and Other Intangibles
Weighted-Average Amortization Period	6 years 3 months 18 days		5 years 10 months 24 days
Gross Carrying Value	$ 14,798		$ 8,673
Accumulated Amortization	8,678		8,407
Net Carrying Value	$ 6,120		$ 266
Customer lists and relationships
Goodwill and Other Intangibles
Weighted-Average Amortization Period	11 years		9 years 1 month 6 days
Gross Carrying Value	$ 242,995		$ 113,735
Accumulated Amortization	89,108		81,145
Net Carrying Value	$ 153,887		$ 32,590

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Aug. 31, 2022
Assets
Operating lease right-of-use asset	$ 8,249	$ 8,596
Liabilities
Current (accrued expenses)	$ 1,578	$ 1,448
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating lease long-term liabilities	$ 6,716	$ 6,618
Loss on impairment of right of use lease asset	548
Total lease liability	$ 8,294	$ 8,066

Leases - Components Of Lease Co

Leases - Components Of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Leases
Operating lease cost	$ 1,069	$ 828

Leases - Maturity Of Lease Liab

Leases - Maturity Of Lease Liability (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Maturity of lease liability
2023 (remaining 9 months)	$ 1,347
2024	1,721
2025	1,566
2026	1,318
2027	901
2028 and thereafter	2,203
Less: Interest	(762)
Lease liabilities	$ 8,294	$ 8,066

Leases - Weighted Average Remai

Leases - Weighted Average Remaining Lease Term (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Aug. 31, 2022
Operating lease
Operating leases, Weighted average remaining lease term (years)	6 years 2 months 12 days		6 years 6 months
Operating leases, Weighted average discount rate (percentage)	3%		2.80%
Operating cash outflows from operating leases	$ 443	$ 476
Total cash paid for amounts included in the measurement of lease liabilities	$ 443	$ 476

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Nov. 30, 2022	Aug. 31, 2022
Contract Assets
Contract assets	$ 196	$ 181
Contract liabilities	0	0
Adhesives, Sealants and Additives
Contract Assets
Contract assets	23	55
Industrial Tapes
Contract Assets
Contract assets	161	123
Corrosion Protection and Waterproofing
Contract Assets
Contract assets	$ 12	$ 3

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Disaggregation of revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Revenue from Contracts with Customers
Revenue	$ 102,893	$ 75,010
North America
Revenue from Contracts with Customers
Revenue	72,614	59,106
Asia/Middle East
Revenue from Contracts with Customers
Revenue	16,608	8,658
Europe
Revenue from Contracts with Customers
Revenue	13,024	6,623
All other foreign
Revenue from Contracts with Customers
Revenue	647	623
Adhesives, Sealants and Additives
Revenue from Contracts with Customers
Revenue	55,553	31,049
Adhesives, Sealants and Additives | North America
Revenue from Contracts with Customers
Revenue	29,631	20,095
Adhesives, Sealants and Additives | Asia/Middle East
Revenue from Contracts with Customers
Revenue	14,581	5,970
Adhesives, Sealants and Additives | Europe
Revenue from Contracts with Customers
Revenue	11,184	4,796
Adhesives, Sealants and Additives | All other foreign
Revenue from Contracts with Customers
Revenue	157	188
Industrial Tapes
Revenue from Contracts with Customers
Revenue	39,077	32,761
Industrial Tapes | North America
Revenue from Contracts with Customers
Revenue	35,352	29,634
Industrial Tapes | Asia/Middle East
Revenue from Contracts with Customers
Revenue	1,781	1,798
Industrial Tapes | Europe
Revenue from Contracts with Customers
Revenue	1,488	912
Industrial Tapes | All other foreign
Revenue from Contracts with Customers
Revenue	456	417
Corrosion Protection and Waterproofing
Revenue from Contracts with Customers
Revenue	8,263	11,200
Corrosion Protection and Waterproofing | North America
Revenue from Contracts with Customers
Revenue	7,631	9,377
Corrosion Protection and Waterproofing | Asia/Middle East
Revenue from Contracts with Customers
Revenue	246	890
Corrosion Protection and Waterproofing | Europe
Revenue from Contracts with Customers
Revenue	352	915
Corrosion Protection and Waterproofing | All other foreign
Revenue from Contracts with Customers
Revenue	$ 34	$ 18

Pensions and Other Postretire_3

Pensions and Other Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Components of net periodic benefit cost
Service cost	$ 75	$ 95
Interest cost	$ 161	$ 96
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Expected return on plan assets	$ (95)	$ (103)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Amortization of prior service cost	$ 1	$ 1
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Amortization of accumulated loss	$ 148	$ 148
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Curtailment and settlement loss	$ 200
Net periodic benefit cost	490	$ 237
Employer contribution	$ 391	$ 391

Fair Value Measurements (Detail

Fair Value Measurements (Details) € in Thousands, $ in Thousands	Nov. 30, 2022 USD ($)	Aug. 31, 2022 USD ($)	Sep. 01, 2020 USD ($)	Sep. 01, 2020 EUR (€)
Fair value measurements
Long-term debt	$ 165,000	$ 180,000
ABchime
Fair value measurements
Contingent consideration	2,983		$ 928	€ 780
Significant other observable inputs (Level 2)
Fair value measurements
Long-term debt	165,000	180,000
Recurring basis
Fair value measurements
Restricted investments	2,540	2,367
Long-term debt	$ 165,000	180,000
Long-term debt applicable interest rate	6%
Contingent consideration	$ 2,983	2,584
Recurring basis | Quoted prices in active markets (Level 1)
Fair value measurements
Restricted investments	2,295	2,125
Recurring basis | Significant other observable inputs (Level 2)
Fair value measurements
Restricted investments	245	242
Recurring basis | Significant unobservable inputs (Level 3)
Fair value measurements
Contingent consideration	$ 2,983	$ 2,584

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Accumulated other comprehensive income
Balance	$ 372,829	$ 344,324
Total other comprehensive income (loss)	2,243	(2,091)
Balance	373,025	343,275
Accumulated Other Comprehensive Income (loss)
Accumulated other comprehensive income
Balance	(20,367)	(11,210)
Other comprehensive gains (losses) before reclassifications	1,986	(2,198)
Reclassifications to net income of previously deferred (gains) losses	257	107
Total other comprehensive income (loss)	2,243	(2,091)
Balance	(18,124)	(13,301)
Gains on Restricted Investments:
Accumulated other comprehensive income
Balance	164	518
Other comprehensive gains (losses) before reclassifications	43	(25)
Reclassifications to net income of previously deferred (gains) losses	(5)	(5)
Total other comprehensive income (loss)	38	(30)
Balance	202	488
Restricted investments, other comprehensive gains (losses) before reclassifications, tax expense	14	12
Restricted investments, reclassifications to net income of previously deferred (gains) losses, tax (expense) benefit	2	2
Loss on Funded Pension Plan adjustments:
Accumulated other comprehensive income
Balance	(7,200)	(7,979)
Reclassifications to net income of previously deferred (gains) losses	262	112
Total other comprehensive income (loss)	262	112
Balance	(6,938)	(7,867)
Change in funded status of pension plan, other comprehensive gains (losses) before reclassifications, tax (expense) benefit	0	0
Change in funded status of pension plan, reclassifications to net income of previously deferred (gains) losses, tax (expense) benefit	87	37
Foreign Currency Translation Adjustment
Accumulated other comprehensive income
Balance	(13,331)	(3,749)
Other comprehensive gains (losses) before reclassifications	1,943	(2,173)
Total other comprehensive income (loss)	1,943	(2,173)
Balance	(11,388)	(5,922)
Foreign currency translation adjustment, other comprehensive gains (losses) before reclassifications, tax (expense) benefit	0	0
Foreign currency translation adjustment, reclassifications to net income of previously deferred (gains) losses, tax (expense) benefit	$ 0	$ 0

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Accumulated other comprehensive income
Selling, general and administrative expenses	$ (21,607)	$ (13,375)
Amortization of prior pension service costs and unrecognized losses	$ 1	$ 1
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Settlement and curtailment loss	$ (200)
Tax expense (benefit)	(1,876)	$ (3,390)
Net income (loss)	6,724	9,727
Reclassification out of accumulated other comprehensive income (loss)
Accumulated other comprehensive income
Net income (loss)	257	107
Gains on Restricted Investments: | Reclassification out of accumulated other comprehensive income (loss)
Accumulated other comprehensive income
Selling, general and administrative expenses	(7)	(7)
Tax expense (benefit)	2	2
Net income (loss)	(5)	(5)
Loss on Funded Pension Plan adjustments: | Reclassification out of accumulated other comprehensive income (loss)
Accumulated other comprehensive income
Amortization of prior pension service costs and unrecognized losses	$ 149	$ 149
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Settlement and curtailment loss	$ 200
Tax expense (benefit)	(87)	$ (37)
Net income (loss)	$ 262	$ 112

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Effective income tax rate
Effective income tax rate	21.80%	25.80%
Statutory tax rate (as a percent)	21%	21%
IRA Corporate alternative minimum tax rate	15%
IRA excise tax on repurchases of stock	1%

Operations Optimization Costs (

Operations Optimization Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Operations Optimization Costs
Business Development	$ 540
Exit costs related to facilities	653	$ 59
Loss on impairment of right of use lease asset	548
ERP System Upgrade [Member]
Operations Optimization Costs
Exit costs related to facilities	540
Woburn, MA
Operations Optimization Costs
Loss on impairment of right of use lease asset	548
Westwood, MA
Operations Optimization Costs
Exit costs related to facilities		59
Westwood, MA
Operations Optimization Costs
Exit costs related to facilities	59
Engineering Studies related to Facility Consolidation and Rationalization Initiative
Operations Optimization Costs
Exit costs related to facilities	540
Adhesives, Sealants and Additives
Operations Optimization Costs
Exit costs related to facilities	113	0
Adhesives, Sealants and Additives | Woburn, MA
Operations Optimization Costs
Restructuring cost	113	$ 0
Exit costs related to facilities	113
Loss on impairment of right of use lease asset	$ 548

Long-Term Debt (Details)

Long-Term Debt (Details) - Credit Agreement - USD ($) $ in Thousands	Jul. 27, 2021	Nov. 30, 2022
Long-term debt
Long-term debt applicable interest rate		6%
Maximum borrowing capacity	$ 200,000
Additional borrowing capacity	$ 100,000
Net leverage ratio	3.25
Consolidated interest coverage ratio	3.50
Carrying value of direct and indirect domestic subsidiaries		$ 76,078
Term of debt	5 years
Term of potential debt	10 years
NuCera Solutions
Long-term debt
Long-term line of credit, noncurrent		$ 165,000
London Interbank Offered Rate (LIBOR)
Long-term debt
Interest payment due	3 months
London Interbank Offered Rate (LIBOR) | Minimum
Long-term debt
Interest rate margin on variable rate basis (as a percent)	1%
London Interbank Offered Rate (LIBOR) | Maximum
Long-term debt
Interest rate margin on variable rate basis (as a percent)	1.75%

Acquisitions (Details)

Acquisitions (Details) € in Thousands		3 Months Ended			12 Months Ended
	Sep. 01, 2022 USD ($)	Nov. 30, 2022 USD ($)	Aug. 31, 2022 USD ($)	Nov. 30, 2021 USD ($)	Aug. 31, 2022 USD ($)	Sep. 01, 2020 USD ($)	Sep. 01, 2020 EUR (€)
Acquisitions
Consideration paid in cash	$ 248,967,000	$ 248,967,000
Final working capital adjustment		480,000
Goodwill		175,782,000	$ 95,160,000		$ 95,160,000
Loss (gain) on contingent consideration		306,000		$ 475,000
Revenue		102,893,000		75,010,000
Net income (loss)		6,724,000		9,727,000
ABchime
Acquisitions
Accrued earn out		2,983,000				$ 928,000	€ 780
NuCera Solutions
Acquisitions
Consideration paid in cash	70,000,000
Borrowings on debt	180,000,000				$ 180,000
Purchase price	250,000,000
Final working capital adjustment	480,000
Acquisition transaction costs		29,000	$ 4,000,000
Cash consideration	249,945,000
Cash and cash equivalents	498,000
Accounts receivable	10,392,000
Inventory	16,063,000
Prepaid expenses and other current assets	5,096,000
Property, plant and equipment	38,489,000
Operating lease right-of-use asset	579,000
Goodwill	80,041,000
Intangible assets	148,021,000
Other assets	211,000
Total assets acquired	299,390,000
Accounts payable	4,731,000
Accrued expenses	6,559,000
Income taxes payable	716,000
Operating lease long-term liabilities	474,000
Deferred income taxes	36,866,000
Accrued Income Taxes	99,000
Total liabilities assumed	49,445,000
Net Assets acquired	249,945,000
Goodwill deductible for income tax purposes	1,147,000
Gross inventory step up adjustment		2,240,000
Revenue		20,350,000
Net income (loss)		(4,429,000)
Pro forma incremental amortization expense		5,880,000
Pro forma incremental interest expense		2,140,000
Revenue		102,893,000		96,608,000
Net income		$ 6,724,000		$ 8,965,000
Acquisition cost has been allocated to the acquired tangible and identifiable intangible assets assumed based on their fair values
Net Assets acquired	$ 249,945,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Nov. 10, 2022	Sep. 01, 2022	Nov. 30, 2022	Aug. 31, 2022	Nov. 30, 2021
Subsequent Events
Payments for acquisitions		$ 248,967	$ 248,967
Annual cash dividends declared per share	$ 1		$ 1		$ 1
Annual cash dividend declared	$ 9,500		$ 9,500		$ 9,460
NuCera Solutions
Subsequent Events
Purchase price		$ 250,000
Acquisition transaction costs			$ 29	$ 4,000