Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.1
Segment Information
6 Months Ended
Feb. 29, 2020
Segment Reporting [Abstract]  
Segment Information
Note 13. Segment Information
The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the industrial, maintenance, infrastructure, oil & gas, energy and other markets. The Other operating segment is included for purposes of reconciliation of the respective balances below to the condensed consolidated financial statements.
The following tables summarize financial information by reportable segment and product line (in thousands):    
 
Three Months Ended
 
Six Months Ended
 
February 29, 2020
 
February 28, 2019
 
February 29,
2020
 
February 28,
2019
Net Sales by Reportable Segment & Product Line
 
 
 
 
 
 
 
Industrial Tools & Services Segment
 
 
 
 
 
 
 
Product
$
93,364

 
$
105,584

 
$
189,727

 
$
208,353

Service & Rental
29,997

 
43,937

 
69,226

 
89,824

 
123,361

 
149,521

 
258,953

 
298,177

 
 
 
 
 
 
 
 
Other Operating Segment
10,025

 
10,267

 
21,107

 
20,163

 
$
133,386

 
$
159,788

 
$
280,060

 
$
318,340

 
 
 
 
 
 
 
 
Operating Profit (Loss)
 
 
 
 
 
 
 
Industrial Tools & Services Segment
$
20,570

 
$
26,546

 
$
46,624

 
$
52,920

Other Operating Segment
(972
)
 
(2,447
)
 
(1,227
)
 
(26,408
)
General Corporate
(11,031
)
 
(11,660
)
 
(22,460
)
 
(22,625
)
 
$
8,567

 
$
12,439

 
$
22,937

 
$
3,887

 
February 29, 2020
 
August 31, 2019
Assets*
 
 
 
Industrial Tools & Services Segment
$
645,163

 
$
553,615

Other Operating Segment
62,111

 
54,484

General Corporate
172,068

 
230,597

 
$
879,342

 
$
838,696


*Excludes "Assets from discontinued operations" as of August 31, 2019.
In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and divestiture charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.