v3.26.1
Business Segments and Foreign Operations
 9 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Business Segments and Foreign Operations Business Segments and Foreign Operations
The Company is organized on the basis of geographical area into the following three segments: the Americas; EIMEA; and Asia-Pacific. Segment data does not include inter-segment revenues. Unallocated corporate expenses are general corporate overhead expenses not directly attributable to the business segments and are reported separate from the Company’s identified segments. Corporate overhead costs include expenses for the Company’s accounting and finance, information technology, human resources, research and development, quality control and executive management functions, as well as all direct costs associated with public company compliance matters including legal, audit and other professional services costs.
The Company’s Chief Executive Officer, Steven A. Brass, as the Company’s Chief Operating Decision Maker (the “CODM”), manages the Company’s capital and allocates resources based on each business segment’s gross profit and income from operations. The CODM compares the Company’s actual results to forecasted amounts to analyze, manage and make business decisions. Operating income is disclosed below as it is most consistent with the amounts included in the Company’s consolidated financial statements.
Summary information about reportable segments is as follows (in thousands):
For the Three Months EndedAmericasEIMEAAsia-PacificTotal
May 31, 2026
Net sales$101,216 $66,572 $27,331 $195,119 
Cost of products sold45,021 27,792 11,883 84,696 
Gross Profit$56,195 $38,780 $15,448 $110,423 
Operating Expenses:
Department Expenses(1)
18,288 14,934 3,843 37,065 
Advertising and sales promotion5,666 4,481 1,792 11,939 
Freight3,040 2,145 610 5,795 
Depreciation (in operating departments) and Amortization (2)
1,731 764 66 2,561 
Income from operations - reportable segments$27,470 $16,456 $9,137 $53,063 
Unallocated Corporate(3)
(12,727)
GAAP Income from Operations$40,336 
May 31, 2025
Net sales$78,162 $56,705 $22,048 $156,915 
Cost of products sold35,800 23,973 9,031 68,804 
Gross Profit$42,362 $32,732 $13,017 $88,111 
Operating Expenses:
Department Expenses(1)
15,443 14,878 3,439 33,760 
Advertising and sales promotion3,646 3,594 1,920 9,160 
Freight2,512 1,547 522 4,581 
Depreciation (in operating departments) and Amortization (2)
278 685 49 1,012 
Income from operations - reportable segments$20,483 $12,028 $7,087 $39,598 
Unallocated Corporate(3)
(12,233)
GAAP Income from Operations$27,365 
For the Nine Months EndedAmericasEIMEAAsia-PacificTotal
May 31, 2026
Net sales$244,903 $190,116 $76,194 $511,213 
Cost of products sold112,269 79,739 32,009 224,017 
Gross Profit$132,634 $110,377 $44,185 $287,196 
Operating Expenses:
Department Expenses(1)
52,728 46,273 11,853 110,854 
Advertising and sales promotion12,648 11,638 4,665 28,951 
Freight7,403 5,631 1,694 14,728 
Depreciation (in operating departments) and Amortization (2)
2,304 2,252 173 4,729 
Income from operations - reportable segments$57,551 $44,583 $25,800 $127,934 
Unallocated Corporate(3)
(38,052)
GAAP Income from Operations$89,882 
May 31, 2025
Net sales$213,127 $173,763 $69,624 $456,514 
Cost of products sold102,916 73,163 28,521 204,600 
Gross Profit$110,211 $100,600 $41,103 $251,914 
Operating Expenses:
Department Expenses(1)
45,508 43,094 9,888 98,490 
Advertising and sales promotion10,396 9,713 4,848 24,957 
Freight7,156 4,727 1,603 13,486 
Depreciation (in operating departments) and Amortization (2)
806 2,084 148 3,038 
Income from operations - reportable segments$46,345 $40,982 $24,616 $111,943 
Unallocated Corporate(3)
(36,176)
GAAP Income from Operations$75,767 
(1)Department expenses consist of professional services associated with information systems, finance and legal, travel and meeting expenses, sales commissions, insurance, and other miscellaneous expenses as well as employee-related costs which consist of salaries, stock-based compensation, fringe benefits and other miscellaneous employee-related costs.
(2)Depreciation presented above includes depreciation in operating departments which excludes depreciation in cost of sales. Amortization presented above includes amortization of definite-lived intangible assets and amortization of implementation costs associated with cloud computing arrangements. During the third quarter of fiscal year 2026, the Company resumed amortization and recorded an additional $1.3 million of amortization. For additional information, refer to Note 3 assets held for sale.
(3)These expenses are reported separately from the Company’s identified segments and are included in selling, general and administrative expenses on the Company’s condensed consolidated statements of operations.
The Company’s CODM does not review assets by segment as part of the financial information provided, and therefore, no asset information is provided in the above table.