Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.10.0.1
Segment Information
 3 Months Ended
Nov. 30, 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. The Industrial Tools & Services 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 Engineered Components & Systems segment provides highly engineered components for on-highway, off-highway agriculture, medical, concrete tensioning and other vertical markets. All of the aforementioned markets are supported through our various segment product lines outlined below.
The following tables summarize financial information by reportable segment and product line (in thousands):    
 
Three Months Ended November 30,
 
2018
 
2017
Net Sales by Reportable Product Line & Segment
 
 
 
Industrial Tools & Services Segment
 
 
 
Product
$
102,768

 
$
101,120

Service & Rental
45,887

 
40,871

 
148,655

 
141,991

Engineered Components & Systems Segment
 
 
 
On-Highway
60,591

 
64,883

Agriculture, Off-Highway and Other
53,884

 
51,316

Rope & Cable Solutions
16,166

 
16,386

Concrete Tensioning
13,235

 
11,634

Off Shore Mooring
—

 
2,745

 
143,876

 
146,964

 
$
292,531

 
$
288,955

 
 
 
 
Operating (Loss) Profit
 
 
 
Industrial Tools & Services
$
26,374

 
$
20,836

Engineered Components & Systems (1)
(28,292
)
 
4,035

General Corporate
(7,400
)
 
(10,197
)
 
$
(9,318
)
 
$
14,673

(1) Engineered Components & Systems segment operating loss includes impairment & divestiture charges of $36.5 million for the three months ended November 30, 2018.
 
November 30, 2018
 
August 31, 2018
Assets:
 
 
 
Industrial Tools & Services
$
588,003

 
$
589,932

Engineered Components & Systems
655,978

 
657,370

General Corporate
206,052

 
234,036

 
$
1,450,033

 
$
1,481,338


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 & 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.