Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.8.0.1
Segment Information
3 Months Ended
Nov. 30, 2017
Segment Reporting [Abstract]  
Segment Information
Note 13. Segment Information
The Company is a global manufacturer of a broad range of industrial products and systems and is organized into 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 other markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers ("OEM") in various on and off-highway 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,
 
 
2017
 
2016
 
Net Sales by Reportable Product Line & Segment:
 
 
 
 
Industrial Segment:
 
 
 
 
Industrial Tools
$
84,510

 
$
79,039

 
Heavy Lifting Technology
12,406

 
8,251

 
 
96,916

 
87,290

 
Energy Segment:
 
 
 
 
Energy Maintenance & Integrity
56,710

 
64,821

 
Other Energy Solutions
19,131

 
19,825

 
 
75,841

 
84,646

 
Engineered Solutions Segment:
 
 
 
 
On-Highway
64,882

 
51,630

 
Agriculture, Off-Highway and Other
51,316

 
42,227

 
 
116,198

 
93,857

 
 
$
288,955

 
$
265,793

 
Operating Profit (Loss):
 
 
 
 
Industrial
$
18,243

 
$
18,776

 
Energy
293

 
3,210

 
Engineered Solutions
6,334

 
755

 
General Corporate
(10,197
)
 
(14,270
)
 
 
$
14,673

 
$
8,471

 
 
November 30, 2017
 
August 31, 2017
Assets by Segment:
 
 
 
Industrial
$
314,215

 
$
329,134

Energy
480,402

 
482,963

Engineered Solutions
539,978

 
531,068

General Corporate
155,646

 
173,790

 
$
1,490,241

 
$
1,516,955


In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment charges, director and officer transition 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.