Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 6 Months Ended
Feb. 28, 2014
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 in 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 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 February 28,
 
Six Months Ended February 28,
 
 
2014
 
2013
 
2014
 
2013
Net Sales by Segment:
 
 
 
 
 
 
 
 
Industrial
 
$
93,571

 
$
98,999

 
$
192,212

 
$
200,121

Energy
 
106,031

 
80,794

 
213,956

 
171,563

Engineered Solutions
 
128,168

 
120,675

 
261,158

 
236,593

 
 
$
327,770

 
$
300,468

 
$
667,326

 
$
608,277

Net Sales by Reportable Product Line:
 
 
 
 
 
 
 
 
Industrial
 
$
93,571

 
$
98,999

 
$
192,212

 
$
200,121

Energy
 
106,031

 
80,794

 
213,956

 
171,563

Vehicle Systems
 
67,278

 
56,468

 
138,927

 
114,498

Other
 
60,890

 
64,207

 
122,231

 
122,095

 
 
$
327,770

 
$
300,468

 
$
667,326

 
$
608,277

Operating Profit:
 
 
 
 
 
 
 
 
Industrial
 
$
26,477

 
$
26,350

 
$
53,374

 
$
53,356

Energy
 
9,504

 
9,677

 
18,427

 
25,064

Engineered Solutions
 
9,548

 
8,275

 
22,737

 
15,900

General Corporate
 
(6,548
)
 
(7,431
)
 
(11,910
)
 
(13,975
)
 
 
$
38,981

 
$
36,871

 
$
82,628

 
$
80,345

 
 
February 28, 2014
 
August 31, 2013
Assets:
 
 
 
 
Industrial
 
$
280,498

 
$
280,110

Energy
 
851,618

 
817,547

Engineered Solutions
 
690,537

 
652,581

General Corporate
 
136,481

 
96,488

Assets of Discontinued Operations
 
—

 
272,606

 
 
$
1,959,134

 
$
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.