Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 6 Months Ended
Feb. 28, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company is a global manufacturer of a broad range of industrial products and systems and is organized into four reportable segments: Industrial, Energy, Electrical, 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 energy markets. The Electrical segment designs, manufactures and distributes a broad range of electrical products to the retail DIY, wholesale, original equipment manufacturer (“OEM”), solar, utility, marine and other harsh environment markets. The Engineered Solutions segment provides highly engineered position and motion control systems to OEMs in various 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
 
Six Months Ended
 
 
February 28,
2013

February 29,
2012
 
February 28,
2013
 
February 29,
2012
Net Sales by Segment:
 
 
 
 
 
 
 
 
Industrial
 
$
98,999

 
$
98,342

 
$
200,121

 
$
198,595

Energy
 
80,794

 
78,937

 
171,563

 
159,358

Electrical
 
69,902

 
77,105

 
139,341

 
159,938

Engineered Solutions
 
120,675

 
123,640

 
236,593

 
252,932

 
 
$
370,370

 
$
378,024

 
$
747,618

 
$
770,823

Net Sales by Reportable Product Line:
 
 
 
 
 
 
 
 
Industrial
 
$
98,999

 
$
98,342

 
$
200,121

 
$
198,595

Energy
 
80,794

 
78,937

 
171,563

 
159,358

Electrical
 
69,902

 
77,105

 
139,341

 
159,938

Vehicle Systems
 
59,675

 
68,916

 
120,862

 
145,280

Other
 
61,000

 
54,724

 
115,731

 
107,652

 
 
$
370,370

 
$
378,024

 
$
747,618

 
$
770,823

Operating Profit:
 
 
 
 
 
 
 
 
Industrial
 
$
26,350

 
$
26,691

 
$
53,356

 
$
54,624

Energy
 
9,677

 
11,632

 
25,064

 
24,849

Electrical
 
5,072

 
5,801

 
12,900

 
10,778

Engineered Solutions
 
8,275

 
13,281

 
15,900

 
32,280

General Corporate
 
(7,430
)
 
(7,949
)
 
(13,974
)
 
(15,794
)
 
 
$
41,944

 
$
49,456

 
$
93,246

 
$
106,737

 
 
February 28,
2013
 
August 31,
2012
Assets:
 
 
 
 
Industrial
 
$
272,791

 
$
268,735

Energy
 
534,279

 
540,409

Electrical
 
443,474

 
437,914

Engineered Solutions
 
672,836

 
667,550

General Corporate
 
100,451

 
92,511

 
 
$
2,023,831

 
$
2,007,119


In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is also impacted by acquisition/divestiture activities and restructuring costs and the related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.