Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.4
Segment Information
3 Months Ended
Nov. 30, 2020
Segment Reporting [Abstract]  
Segment Information
Note 13. Segment Information
The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the industrial, maintenance, infrastructure, oil & gas, energy and other markets. The Other operating segment is included for purposes of reconciliation of the respective balances below to the condensed consolidated financial statements.
The following tables summarize financial information by reportable segment and product line (in thousands):    
  Three Months Ended November 30,
  2020 2019
Net Sales by Reportable Segment & Product Line
Industrial Tools & Services
Product $ 82,573  $ 96,363 
Service & Rental 29,602  39,229 
112,175  135,592 
Other Operating Segment 7,255  11,082 
$ 119,430  $ 146,674 
Operating Profit (Loss)
Industrial Tools & Services $ 17,157  $ 26,055 
Other Operating Segment (1,809) (255)
General Corporate (6,279) (11,431)
$ 9,069  $ 14,369 
November 30, 2020 August 31, 2020
Assets
Industrial Tools & Services $ 600,629  $ 592,086 
Other Operating Segment 61,391  61,105 
General Corporate 176,555  171,103 
$ 838,575  $ 824,294 

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and divestiture charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, property, plant and equipment, Right of Use ("ROU") assets, capitalized debt issuance costs and deferred income taxes.