Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.2.0.727
Segment Information
 9 Months Ended
May. 31, 2015
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 engaged 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 May 31,
 
Nine Months Ended May 31,
 
2015
 
2014
 
2015
 
2014
Net Sales by Segment:
 
 
 
 
 
 
 
Industrial
$
103,546

 
$
109,809

 
$
302,448

 
$
302,022

Energy
99,297

 
125,231

 
311,029

 
339,187

Engineered Solutions
117,257

 
143,147

 
335,393

 
404,304

 
$
320,100

 
$
378,187

 
$
948,870

 
$
1,045,513

Net Sales by Reportable Product Line:
 
 
 
 
 
 
 
Industrial
$
103,546

 
$
109,809

 
$
302,448

 
$
302,022

Energy
99,297

 
125,231

 
311,029

 
339,187

Vehicle Systems
59,673

 
75,442

 
170,122

 
214,369

Other
57,584

 
67,705

 
165,271

 
189,935

 
$
320,100

 
$
378,187

 
$
948,870

 
$
1,045,513

Operating Profit (Loss):
 
 
 
 
 
 
 
Industrial
$
29,165

 
$
34,123

 
$
79,386

 
$
87,496

Energy
12,774

 
19,936

 
(50,457
)
 
38,363

Engineered Solutions
8,313

 
13,560

 
16,601

 
36,297

General Corporate
(7,250
)
 
(8,839
)
 
(20,757
)
 
(20,748
)
 
$
43,002

 
$
58,780

 
$
24,773

 
$
141,408

 
May 31, 2015
 
August 31, 2014
Assets:
 
 
 
Industrial
$
289,849

 
$
307,058

Energy
619,514

 
788,915

Engineered Solutions
624,289

 
643,323

General Corporate
127,366

 
117,583

 
$
1,661,018

 
$
1,856,879


In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is also impacted by acquisition/divestiture activities and the second quarter fiscal 2015 Energy segment impairment charge. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.