Annual report pursuant to Section 13 and 15(d)

Business Segment, Geographic and Customer Information

v3.20.2
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.
The following tables summarize financial information by reportable segment and product line (in thousands):
  Year Ended August 31,
  2020 2019 2018
Net Sales by Reportable Segment & Product Line
Industrial Tools & Services Segment
Product $ 341,470  $ 433,703  $ 439,405 
Service & Rental 113,393  175,812  151,680 
454,863  609,515  591,085 
Other Operating Segment 38,429  45,243  50,218 
$ 493,292  $ 654,758  $ 641,303 
Operating Profit (Loss)
Industrial Tools & Services $ 65,549  $ 101,411  $ 99,432 
Other Operating Segment (3,420) (11,821) (5,690)
General Corporate (37,948) (42,076) (43,536)
$ 24,181  $ 47,516  $ 50,206 
Depreciation and Amortization:
Industrial Tools & Services $ 14,854  $ 14,762  $ 15,301 
Other Operating Segment 3,620  3,408  3,122 
General Corporate 2,246  2,047  1,982 
$ 20,720  $ 20,217  $ 20,405 
Capital Expenditures:
Industrial Tools & Services $ 7,282  $ 9,945  $ 7,799 
Other Operating Segment 2,625  3,917  1,295 
General Corporate 2,146  1,061  1,927 
$ 12,053  $ 14,923  $ 11,021 

August 31,
  2020 2019
Assets:*
Industrial Tools & Services $ 592,086  $ 553,615 
Other Operating Segment 61,105  54,484 
General Corporate 171,103  230,597 
$ 824,294  $ 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, property, plant, and equipment, ROU assets (year ended August 31, 2020), 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,
  2020 2019 2018
Net Sales:
United States $ 185,279  $ 249,644  $ 236,036 
Germany 24,401  26,445  30,643 
United Kingdom 24,033  30,127  35,388 
Saudi Arabia 19,787  21,625  20,749 
Australia 19,332  25,749  30,796 
Brazil 16,413  18,779  17,900 
Canada 15,924  18,686  20,172 
China 15,058  18,548  19,239 
All other 173,065  245,155  230,380 
$ 493,292  $ 654,758  $ 641,303 
  August 31,
  2020 2019
Property, Plant and Equipment, net:
United States $ 21,410  $ 21,047 
China 12,248  12,179 
United Kingdom 9,654  2,983 
UAE 7,525  8,734 
Netherlands 2,546  2,720 
Kazakhstan 2,052  2,635 
Brazil 1,784  2,851 
Spain 1,705  1,244 
All other 2,481  2,336 
$ 61,405  $ 56,729 
The Company’s largest customer accounted for approximately 3.0% of sales in each of the last three fiscal years. Export sales from domestic operations were 7.3%, 7.4% and 7.9% of total net sales from continuing operations in fiscal 2020, 2019 and 2018, respectively.