Segment Data (Tables)

12 Months Ended

Aug. 31, 2021

Summary of information about the Company's reportable segments


	Years Ended August 31,
	2021			2020			2019
Revenue
Adhesives, Sealants and Additives	$	126,864		$	96,208		$	104,796
Industrial Tapes		120,873			118,960			129,845
Corrosion Protection and Waterproofing		45,599			45,994			46,710
Total	$	293,336		$	261,162		$	281,351

Income before income taxes
Adhesives, Sealants and Additives	$	36,520	(a)	$	25,953		$	27,142	(g)
Industrial Tapes		37,407			31,237	(d)		28,216	(h)
Corrosion Protection and Waterproofing		15,913	(b)		16,638	(e)		15,909	(i)
Total for reportable segments		89,840			73,828			71,267
Corporate and common costs		(31,246)	(c)		(28,508)	(f)		(27,714)	(j)
Total	$	58,594		$	45,320		$	43,553

Includes the following costs by segment:
Adhesives, Sealants and Additives
Interest	$	116		$	98		$	177
Depreciation		1,065			994			1,467
Amortization		10,685			9,313			9,359

Industrial Tapes
Interest	$	83		$	111		$	216
Depreciation		1,718			1,746			1,755
Amortization		1,537			1,800			1,800

Corrosion Protection and Waterproofing
Interest	$	98		$	37		$	126
Depreciation		588			615			674
Amortization		636			463			1,286

(a)

Includes $1,664 in loss on the upward adjustment of the performance-based earn out contingent consideration associated with the September 2020 acquisition of ABchimie and $977 in exit costs related to the movement of the sealants system business out of the Newark, CA location and into the Hickory, NC location during fiscal 2021

(b)	Includes expense of $100 for the write-down of certain assets under construction

(c)	Includes $128 in acquisition-related expense attributable to the February 2021 acquisition of the operations of ETi

(d)	Includes $559 in exit costs related to the movement of the pulling and detection business out of the Granite Falls, NC location and into the Hickory, NC location during the first six months of fiscal 2020

(e)	Includes $170 gain on the refund of a payment made in fiscal 2019 related to engineering studies performed to assess potential operational changes and further plant rationalization and consolidation and an expense of $405 for the write-down of certain assets under construction

(f)

Includes $150 of expense related to exploratory IT work performed to assess potential future upgrades to the Company’s companywide ERP system, a $760 gain related to the April 2020 sale of the Company’s Pawtucket, RI location, a $1,791 gain related to the August 2020 sale of the Company’s Randolph, MA property, $183 in severance expense related to the May 2020 reduction in force, $85 in expenses related to the final transition out of the Pawtucket, RI facility, $155 of pension-related settlement costs due to the timing of lump-sum distribution and $274 in acquisition-related costs attributable to the September 2020 (fiscal 2021) acquisition of ABchimie

(g)	Includes $2,410 of loss on impairment of goodwill related to the Company’s polyurethane dispersions business

(h)

Includes $260 of expense related to the closure and exit of our Pawtucket, RI location recognized in the first quarter of fiscal 2019, and $526 in exit costs related to the movement of the pulling and detection business out of the Granite Falls, NC location and into the Hickory, NC location during the second half of fiscal 2019

(i)	Includes $200 of expense related to engineering studies performed to assess potential future operational changes and further plant rationalization and consolidation, see note (e)

(j)	Includes $511 of pension-related settlement costs due to the timing of lump-sum distributions

Schedule of total assets for the Company's reportable segments


	August 31,		August 31,
	2021		2020
Total Assets
Adhesives, Sealants and Additives	$	161,968	$	129,457
Industrial Tapes		72,301		71,229
Corrosion Protection and Waterproofing		31,067		32,642
Total for reportable segments		265,336		233,328
Corporate and common assets		138,823		113,502
Total	$	404,159	$	346,830