Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 3 Months Ended
Nov. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company is a global manufacturer of a broad range of industrial products and systems and is organized in three reportable segments: Industrial, Energy and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to OEMs in various vehicle markets, as well as a variety of other products to the industrial and agricultural markets.
The following tables summarize financial information by reportable segment and product line (in thousands):
 
Three Months Ended November 30,
 
2014
 
2013
Net Sales by Segment:
 
 
 
Industrial
$
102,413

 
$
98,641

Energy
111,522

 
107,925

Engineered Solutions
113,830

 
132,990

 
$
327,765

 
$
339,556

Net Sales by Reportable Product Line:
 
 
 
Industrial
$
102,413

 
$
98,641

Energy
111,522

 
107,925

Vehicle Systems
58,468

 
71,649

Other
55,362

 
61,341

 
$
327,765

 
$
339,556

Operating Profit:
 
 
 
Industrial
$
26,705

 
$
26,897

Energy
12,442

 
8,923

Engineered Solutions
6,278

 
13,190

General Corporate
(7,207
)
 
(5,363
)
 
$
38,218

 
$
43,647

 
November 30, 2014
 
August 31, 2014
Assets:
 
 
 
Industrial
$
293,531

 
$
307,058

Energy
746,982

 
788,915

Engineered Solutions
643,239

 
643,323

General Corporate
103,712

 
117,583

 
$
1,787,464

 
$
1,856,879


In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is also impacted by acquisition/divestiture activities. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.