Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.19.3.a.u2
Segment Information
 3 Months Ended
Nov. 30, 2019
Segment Reporting [Abstract]  
Segment Information
Note 13. Segment 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 condensed consolidated financial statements.
The following tables summarize financial information by reportable segment and product line (in thousands):    
 
Three Months Ended November 30,
 
 
2019
 
2018
 
Net Sales by Reportable Segment & Product Line
 
 
 
 
Industrial Tools & Services Segment
 
 
 
 
Product
$
96,363

 
$
102,768

 
Service & Rental
39,229

 
45,887

 
 
135,592

 
148,655

 
 
 
 
 
 
Other Operating Segment
11,082

 
9,896

 
 
$
146,674

 
$
158,551

 
 
 
 
 
 
Operating Profit (Loss)
 
 
 
 
Industrial Tools & Services Segment
$
26,055

 
$
26,374

 
Other Operating Segment
(255
)
 
(23,961
)
 
General Corporate
(11,431
)
 
(10,967
)
 
 
$
14,369

 
$
(8,554
)
 
 
November 30, 2019
 
August 31, 2019
Assets*
 
 
 
Industrial Tools & Services Segment
$
629,705

 
$
553,615

Other Operating Segment
61,581

 
54,484

General Corporate
217,226

 
230,597

 
$
908,512

 
$
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, capitalized debt issuance costs and deferred income taxes.