Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
3 Months Ended
Nov. 30, 2011
Segment Information [Abstract]  
Segment Information

Note 12. 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 designs, manufactures and distributes a broad range of electrical products to the retail DIY, wholesale, OEM, solar, utility, marine and harsh environment markets. The Engineered Solutions segment provides highly engineered position and motion control systems to OEMs 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 November 30,  
     2011     2010  

Net Sales by Segment:

    

Industrial

   $ 100,253      $ 87,392   

Energy

     80,421        70,743   

Electrical

     82,833        55,396   

Engineered Solutions

     129,292        104,881   
  

 

 

   

 

 

 
   $ 392,799      $ 318,412   
  

 

 

   

 

 

 

Net Sales by Reportable Product Line:

    

Industrial

   $ 100,253      $ 87,392   

Energy

     80,421        70,743   

Electrical

     82,833        55,396   

Vehicle Systems

     76,363        76,741   

Other

     52,929        28,140   
  

 

 

   

 

 

 
   $ 392,799      $ 318,412   
  

 

 

   

 

 

 

Operating Profit:

    

Industrial

   $ 27,934      $ 20,187   

Energy

     13,217        11,858   

Electrical

     4,977        3,760   

Engineered Solutions

     18,999        13,802   

General Corporate

     (7,846     (8,035
  

 

 

   

 

 

 
   $ 57,281      $ 41,572   
  

 

 

   

 

 

 
     November 30, 2011     August 31, 2011  

Assets:

    

Industrial

   $ 269,332      $ 263,680   

Energy

     504,263        517,428   

Electrical

     529,022        547,556   

Engineered Solutions

     622,110        632,242   

General Corporate

     92,827        95,775   
  

 

 

   

 

 

 
   $ 2,017,554      $ 2,056,681   
  

 

 

   

 

 

 

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisitions. Corporate assets, which are not allocated, principally represent capitalized debt issuance costs, deferred income taxes and the fair value of derivative instruments.