Quarterly report pursuant to Section 13 or 15(d)

Segment Information

 v2.3.0.11
Segment Information
 9 Months Ended
May 31, 2011
Segment Information  
Segment Information

Note 14. 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 umbilical, rope and cable solutions to the global oil & gas, power generation and energy markets. The Electrical Segment is primarily involved in the design, manufacture and distribution of a broad range of electrical products to the retail DIY, wholesale, OEM, solar, utility and 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 industrial products.

The following tables summarize financial information by reportable segment and product line (in thousands):

 

     Three Months Ended May 31,     Nine Months Ended May 31,  
     2011     2010     2011     2010  

Net Sales by Segment:

         

Industrial

    $ 107,759      $ 79,744      $ 284,086      $ 214,287   

Energy

      78,002        56,645        210,333        174,572   

Electrical

      80,329        61,967        205,901        170,958   

Engineered Solutions

      126,687        111,712        341,567        290,329   
                                
   $ 392,777      $ 310,068      $ 1,041,887      $ 850,146   
                                

Net Sales by Reportable Product Line:

         

Industrial

    $ 107,759      $ 79,744      $ 284,086      $ 214,287   

Energy

      78,002        56,645        210,333        174,572   

Electrical

      80,329        61,967        205,901        170,958   

Vehicle Systems

      94,423        82,089        250,926        210,256   

Other

      32,264        29,623        90,641        80,073   
                                
   $ 392,777      $ 310,068      $ 1,041,887      $ 850,146   
                                

Operating Profit:

         

Industrial

    $ 29,517      $ 20,374      $ 69,853      $ 44,986   

Energy

      13,545        7,203        32,194        22,484   

Electrical

      5,462        6,777        14,168        13,336   

Engineered Solutions

      19,977        13,170        47,203        22,218   

General Corporate

      (10,500 )      (7,431 )      (26,799 )      (18,844 ) 
                                
   $ 58,001      $ 40,093      $ 136,619      $ 84,180   
                                
                 May 31, 2011     August 31, 2010  

Assets:

         

Industrial

        $ 272,869      $ 241,036   

Energy

          521,448        491,053   

Electrical

          565,938        326,129   

Engineered Solutions

          459,941        434,976   

General Corporate

          109,019        83,707   

Assets of discontinued operations

          —          44,802   
                    
       $ 1,929,215      $ 1,621,703   
                    

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisitions, divestitures, restructuring costs and related benefits. Corporate assets primarily include cash and cash equivalents, certain prepaid expenses, debt issuance costs and deferred income taxes.