Annual report pursuant to Section 13 and 15(d)

Business Segment, Geographic and Customer Information

v3.19.3
Business Segment, Geographic and Customer Information
 12 Months Ended
Aug. 31, 2019
Segment Reporting [Abstract]  
Business Segment, Geographic and Customer Information
Note 15.    Business Segment, Geographic and Customer 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 segment is included for purposes of reconciliation of the respective balances below to the consolidated financial statements. All operations within the EC&S operating segment are considered discontinued operations and are therefore excluded from all disclosures herein.
The following tables summarize financial information by reportable segment and product line (in thousands):
 
 
Year Ended August 31,
 
 
2019
 
2018
 
2017
Net Sales by Reportable Segment & Product Line
 
 
 
 
 
 
Industrial Tools & Services Segment
 
 
 
 
 
 
Product
 
$
433,703

 
$
439,405

 
$
396,381

Service & Rental
 
175,812

 
151,680

 
156,201

 
 
609,515

 
591,085

 
552,582

 
 
 
 
 
 
 
Other Operating Segment
 
45,243

 
50,218

 
64,009

 
 
$
654,758

 
$
641,303

 
$
616,591

 
 
 
 
 
 
 
Operating Profit (Loss)
 
 
 
 
 
 
Industrial Tools & Services
 
$
101,411

 
$
99,432

 
$
95,825

Other Operating Segment
 
(11,821
)
 
(5,690
)
 
(130,396
)
General Corporate
 
(42,076
)
 
(43,536
)
 
(50,281
)
 
 
$
47,516

 
$
50,206

 
$
(84,852
)
Depreciation and Amortization:
 
 
 
 
 
 
Industrial Tools & Services
 
$
14,762

 
$
15,301

 
$
15,025

Other Operating Segment
 
3,408

 
3,122

 
5,886

General Corporate
 
2,047

 
1,982

 
2,014

 
 
$
20,217

 
$
20,405

 
$
22,925

 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
Industrial Tools & Services
 
$
9,945

 
$
7,799

 
$
8,614

Other Operating Segment
 
3,917

 
1,295

 
5,411

General Corporate
 
1,061

 
1,927

 
3,213

 
 
$
14,923

 
$
11,021

 
$
17,238



 
 
August 31,
 
 
2019
 
2018
Assets:*
 
 
 
 
Industrial Tools & Services
 
$
553,615

 
$
589,926

Other Operating Segment
 
54,484

 
76,506

General Corporate
 
230,597

 
249,852

 
 
$
838,696

 
$
916,284


*Excludes "Assets from discontinued operations" as of August 31, 2019 and 2018, respectively.
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.
The following tables summarize net sales and property, plant and equipment by geographic region (in thousands):
 
 
Year Ended August 31,
 
 
2019
 
2018
 
2017
Net Sales:
 
 
 
 
 
 
United States
 
$
249,644

 
$
236,036

 
$
230,513

United Kingdom
 
30,127

 
35,388

 
42,875

Kazakhstan
 
30,081

 
19,814

 
22,989

Germany
 
26,445

 
30,643

 
27,611

Australia
 
25,749

 
30,796

 
36,076

Saudi Arabia
 
21,625

 
20,749

 
22,089

Brazil
 
18,779

 
17,900

 
15,456

Canada
 
18,686

 
20,172

 
17,458

China
 
18,548

 
19,239

 
18,323

All other
 
215,074

 
210,566

 
183,201

 
 
$
654,758

 
$
641,303

 
$
616,591

 
 
August 31,
 
 
2019
 
2018
Property, Plant and Equipment, net:
 
 
 
 
United States
 
$
21,047

 
$
17,040

China
 
12,179

 
13,442

UAE
 
8,734

 
7,876

United Kingdom
 
2,983

 
3,663

Brazil
 
2,851

 
2,923

Netherlands
 
2,720

 
3,530

Kazakhstan
 
2,635

 
3,056

All other
 
3,580

 
3,444

 
 
$
56,729

 
$
54,974


The Company’s largest customer accounted for less than 3% of sales in each of the last three fiscal years. Export sales from domestic operations were 7.4%, 7.9% and 6.0% of total net sales from continuing operations in fiscal 2019, 2018 and 2017, respectively.