Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.6.0.2
Segment Information
 3 Months Ended
Nov. 30, 2016
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, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers ("OEM") 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,
 
 
2016
 
2015
 
Net Sales by Reportable Product Line & Segment:
 
 
 
 
Industrial Segment:
 
 
 
 
Industrial Tools
$
79,039

 
$
79,733

 
Integrated Solutions
8,251

 
9,137

 
 
87,290

 
88,870

 
Energy Segment:
 
 
 
 
Energy Maintenance & Integrity
64,821

 
78,835

 
Other Energy Solutions
19,825

 
34,929

 
 
84,646

 
113,764

 
Engineered Solutions Segment:
 
 
 
 
On-Highway
51,630

 
54,075

 
Agriculture, Off-Highway and Other
42,227

 
48,302

 
 
93,857

 
102,377

 
 
$
265,793

 
$
305,011

 
Operating Profit (Loss):
 
 
 
 
Industrial
$
18,776

 
$
20,554

 
Energy
3,210

 
10,094

 
Engineered Solutions
755

 
3,522

 
General Corporate
(14,270
)
 
(8,799
)
 
 
$
8,471

 
$
25,371

 

 
November 30, 2016
 
August 31, 2016
Assets by Segment:
 
 
 
Industrial
$
308,313

 
$
308,222

Energy
511,555

 
479,169

Engineered Solutions
483,289

 
493,840

General Corporate
118,559

 
157,429

 
$
1,421,716

 
$
1,438,660


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