Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 3 Months Ended
Nov. 30, 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 three reportable segments: Industrial, Energy 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, customizing offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and energy 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 November 30,
 
 
2013
 
2012
Net Sales by Segment:
 
 
 
 
Industrial
 
$
98,641

 
$
101,122

Energy
 
107,925

 
90,769

Engineered Solutions
 
132,990

 
115,918

 
 
$
339,556

 
$
307,809

Net Sales by Reportable Product Line:
 
 
 
 
Industrial
 
$
98,641

 
$
101,122

Energy
 
107,925

 
90,769

Vehicle Systems
 
71,649

 
58,029

Other
 
61,341

 
57,889

 
 
$
339,556

 
$
307,809

Operating Profit:
 
 
 
 
Industrial
 
$
26,897

 
$
27,006

Energy
 
8,923

 
15,387

Engineered Solutions
 
13,190

 
7,625

General Corporate
 
(5,363
)
 
(6,544
)
 
 
$
43,647

 
$
43,474

 
 
November 30, 2013
 
August 31, 2013
Assets:
 
 
 
 
Industrial
 
$
287,705

 
$
280,110

Energy
 
833,032

 
812,444

Engineered Solutions
 
675,785

 
652,581

General Corporate
 
97,237

 
101,591

Assets of Discontinued Operations
 
270,106

 
272,606

 
 
$
2,163,865

 
$
2,119,332


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.