Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.8.0.1
Segment Information
 6 Months Ended
Feb. 28, 2018
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, as well as rope and cable solutions to the global oil & gas, power generation and other markets. Divestiture of the Viking business during the quarter resulted in the elimination of the sale and rental of customized off-shore vessel mooring solutions. 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 February 28,
 
Six Months Ended February 28,
 
2018
 
2017
 
2018
 
2017
Net Sales by Reportable Product Line & Segment:
 
 
 
 
 
 
 
Industrial Segment:
 
 
 
 
 
 
 
Industrial Tools
$
87,438

 
$
78,679

 
$
171,949

 
$
157,718

Heavy Lifting Technology
11,643

 
12,969

 
24,048

 
21,220

 
99,081

 
91,648

 
195,997

 
178,938

Energy Segment:
 
 
 
 
 
 
 
Energy Maintenance & Integrity
48,889

 
51,590

 
105,598

 
116,411

Other Energy Solutions
17,103

 
21,294

 
36,235

 
41,119

 
65,992

 
72,884

 
141,833

 
157,530

Engineered Solutions Segment:
 
 
 
 
 
 
 
On-Highway
59,297

 
50,611

 
124,179

 
102,242

Agriculture, Off-Highway and Other
50,795

 
43,726

 
102,111

 
85,952

 
110,092

 
94,337

 
226,290

 
188,194

 
$
275,165

 
$
258,869

 
$
564,120

 
$
524,662

Operating Profit (Loss):
 
 
 
 
 
 
 
Industrial
$
16,781

 
$
18,380

 
$
35,024

 
$
37,155

Energy (1)
(4,513
)
 
(579
)
 
(4,220
)
 
2,632

Engineered Solutions
2,209

 
1,816

 
8,543

 
2,571

General Corporate
(4,888
)
 
(6,418
)
 
(15,085
)
 
(20,688
)
 
$
9,589

 
$
13,199

 
$
24,262

 
$
21,670

(1) Energy segment operating (loss) profit includes impairment and divestiture charges of $3.0 million for both the three and six months ended February 28, 2018.
 
February 28, 2018
 
August 31, 2017
Assets by Segment:
 
 
 
Industrial
$
324,477

 
$
329,134

Energy
464,018

 
482,963

Engineered Solutions
548,547

 
531,068

General Corporate
143,263

 
173,790

 
$
1,480,305

 
$
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 & 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.