Enerpac Tool Group Corp. Quarterly report pursuant to Section 13 or 15(d)

Guarantor Subsidiaries (Tables)

3 Months Ended

12 Months Ended

Nov. 30, 2011

Nov. 30, 2010

Aug. 31, 2011

		$000,000			$000,000		$000,000			$000,000			$000,000
	Three Months Ended November 30, 2011
	Parent			Guarantors		Non- Guarantors			Eliminations			Consolidated
Net sales	$	48,520		$	136,441	$	207,838		$	—		$	392,799
Cost of products sold		15,279			94,632		130,280			—			240,191

Gross profit		33,241			41,809		77,558			—			152,608
Selling, administrative and engineering expenses		20,666			26,262		41,181			—			88,109
Amortization of intangible assets		335			3,420		3,463			—			7,218

Operating profit		12,240			12,127		32,914			—			57,281
Financing costs, net		8,237			3		(18	)		—			8,222
Intercompany expense (income), net		(7,491	)		566		6,925			—			—
Other expense, net		193			344		120			—			657

Earnings before income tax expense		11,301			11,214		25,887			—			48,402
Income tax expense		2,622			2,601		6,005			—			11,228

Net earnings from continuing operations before equity in earnings of subsidiaries		8,679			8,613		19,882			—			37,174
Equity in earnings (loss) of subsidiaries		28,495			16,794		(488	)		(44,801	)		—

Net earnings	$	37,174		$	25,407	$	19,394		$	(44,801	)	$	37,174

		$000,000			$000,000		$000,000			$000,000			$000,000
	Three Months Ended November 30, 2010
	Parent			Guarantors		Non- Guarantors			Eliminations			Consolidated
Net sales	$	35,969		$	122,729	$	159,714		$	—		$	318,412
Cost of products sold		10,425			87,163		98,971			—			196,559

Gross profit		25,544			35,566		60,743			—			121,853
Selling, administrative and engineering expenses		19,170			23,988		31,034			—			74,192
Amortization of intangible assets		—			3,726		2,363			—			6,089

Operating profit		6,374			7,852		27,346			—			41,572
Financing costs, net		7,552			—		—			—			7,552
Intercompany expense (income), net		1,885			4,424		(6,309	)		—			—
Other expense (income), net		(313	)		404		357			—			448

Earnings (loss) from continuing operations before income taxes		(2,750	)		3,024		33,298			—			33,572
Income tax expense (benefit)		(565	)		623		6,853			—			6,911

Net earnings (loss) from continuing operations before equity in earnings of subsidiaries		(2,185	)		2,401		26,445			—			26,661
Equity in earnings of subsidiaries		28,075			19,263		1,342			(48,680	)		—

Earnings from continuing operations		25,890			21,664		27,787			(48,680	)		26,661
Loss from discontinued operations		—			—		(771	)		—			(771	)

Net earnings	$	25,890		$	21,664	$	27,016		$	(48,680	)	$	25,890


	November 30, 2011
	Parent		Guarantors		Non- Guarantors		Eliminations			Consolidated
ASSETS
Current Assets	$	88,535	$	164,105	$	296,899	$	—		$	549,539
Property, Plant & Equipment, net		5,282		35,366		77,934		—			118,582
Goodwill		62,543		433,794		375,519		—			871,856
Other Intangibles, net		15,527		213,749		235,162		—			464,438
Intercompany Receivable		—		256,142		68,861		(325,003	)		—
Investment in Subsidiaries		1,853,892		382,355		62,021		(2,298,268	)		—
Other Long-term Assets		10,503		52		2,584		—			13,139

Total Assets	$	2,036,282	$	1,485,563	$	1,118,980	$	(2,623,271	)	$	2,017,554

LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities	$	61,637	$	62,795	$	173,620	$	—		$	298,052
Long-term Debt		525,997		—		—		—			525,997
Deferred Income Taxes		129,350		—		35,051		—			164,401
Pension and Post-retirement Benefit Liabilities		16,499		—		2,207		—			18,706
Other Long-term Liabilities		62,503		739		31,863		—			95,105
Intercompany Payable		325,003		—		—		(325,003	)		—
Shareholders' Equity		915,293		1,422,029		876,239		(2,298,268	)		915,293

Total Liabilities and Shareholders' Equity	$	2,036,282	$	1,485,563	$	1,118,980	$	(2,623,271	)	$	2,017,554


	August 31, 2011
	Parent		Guarantors		Non- Guarantors		Eliminations			Consolidated
ASSETS
Current Assets	$	87,982	$	155,067	$	303,435	$	—		$	546,484
Property, Plant & Equipment, net		4,327		37,133		87,189		—			128,649
Goodwill		62,543		432,184		393,739		—			888,466
Other Intangibles, net		15,861		216,277		247,268		—			479,406
Intercompany Receivable		—		277,157		45,770		(322,927	)		—
Investment in Subsidiaries		1,859,779		379,170		67,794		(2,306,743	)		—
Other Long-term Assets		10,862		51		2,763		—			13,676

Total Assets	$	2,041,354	$	1,497,039	$	1,147,958	$	(2,629,670	)	$	2,056,681

LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities	$	76,300	$	70,126	$	183,877	$	—		$	330,303
Long-term Debt		522,727		—		—		—			522,727
Deferred Income Taxes		124,469		—		41,476		—			165,945
Pension and Post-retirement Benefit Liabilities		16,452		—		2,412		—			18,864
Other Long-term Liabilities		59,466		779		39,584		—			99,829
Intercompany Payable		322,927		—		—		(322,927	)		—
Shareholders' Equity		919,013		1,426,134		880,609		(2,306,743	)		919,013

Total Liabilities and Shareholders' Equity	$	2,041,354	$	1,497,039	$	1,147,958	$	(2,629,670	)	$	2,056,681


	Three Months Ended November 30, 2011
	Parent			Guarantors			Non- Guarantors			Eliminations		Consolidated
Operating Activities
Net cash provided by (used in) operating activities	$	(10,089	)	$	7,121		$	23,443		$	—	$	20,475

Investing Activities
Proceeds from sale of property, plant & equipment		—			68			5,850			—		5,918
Capital expenditures		(2,206	)		(571	)		(2,818	)		—		(5,595	)
Business acquisitions, net of cash acquired		(290	)		—			—			—		(290	)

Cash (used in) provided by investing activities		(2,496	)		(503	)		3,032			—		33

Financing Activities

Net borrowings on revolver and other debt		4,700			—			109			—		4,809
Intercompany loan activity		28,060			(6,618	)		(21,442	)		—		—
Purchase of treasury shares		(20,410	)		—			—			—		(20,410	)
Stock option exercises, related tax benefits and other		2,782			—			—			—		2,782
Cash dividend		(2,748	)		—			—			—		(2,748	)

Cash (used in) provided by financing activities		12,384			(6,618	)		(21,333	)		—		(15,567	)

Effect of exchange rate changes on cash		—			—			(1,043	)		—		(1,043	)

Net (decrease) increase in cash and cash equivalents		(201	)		—			4,099			—		3,898
Cash and cash equivalents - beginning of period		872			—			43,349			—		44,221

Cash and cash equivalents - end of period	$	671		$	—		$	47,448		$	—	$	48,119


	Three Months Ended November 30, 2010
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
Operating Activities
Net cash (used in) provided by operating activities	$	(16,313	)	$	9,615		$	14,717		$	(1,533	)	$	6,486

Investing Activities
Proceeds from sale of property, plant & equipment		—			16			43			—			59
Capital expenditures		(319	)		(1,466	)		(2,292	)		—			(4,077	)
Business acquistitions, net of cash acquired		—			(350	)		24			—			(326	)

Cash used in investing activities		(319	)		(1,800	)		(2,225	)		—			(4,344	)

Financing Activities
Net repayments on revolver and other debt		—			—			14			—			14
Repurchases of 2% Convertible Notes		(34	)		—			—			—			(34	)
Intercompany loan activity		13,276			(7,815	)		(5,461	)		—			—
Stock option exercises and related tax benefits		3,553			—			—			—			3,553
Cash dividend		(2,716	)		—			(1,533	)		1,533			(2,716	)

Cash provided by (used in) financing activities		14,079			(7,815	)		(6,980	)		1,533			817

Effect of exchange rate changes on cash		—			—			1,029			—			1,029

Net (decrease) increase in cash and cash equivalents		(2,553	)		—			6,541			—			3,988
Cash and cash equivalents - beginning of period		5,055			—			35,167			—			40,222

Cash and cash equivalents - end of period	$	2,502		$	—		$	41,708		$	—		$	44,210