Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 9 Months Ended
May 31, 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 May 31,
 
Nine Months Ended May 31,
 
 
2014
 
2013
 
2014
 
2013
Net Sales by Segment:
 
 
 
 
 
 
 
 
Industrial
 
$
109,809

 
$
111,308

 
$
302,022

 
$
311,429

Energy
 
125,231

 
99,158

 
339,187

 
270,721

Engineered Solutions
 
143,147

 
133,739

 
404,304

 
370,332

 
 
$
378,187

 
$
344,205

 
$
1,045,513

 
$
952,482

Net Sales by Reportable Product Line:
 
 
 
 
 
 
 
 
Industrial
 
$
109,809

 
$
111,308

 
$
302,022

 
$
311,429

Energy
 
125,231

 
99,158

 
339,187

 
270,721

Vehicle Systems
 
75,442

 
68,202

 
214,369

 
189,064

Other
 
67,705

 
65,537

 
189,935

 
181,268

 
 
$
378,187

 
$
344,205

 
$
1,045,513

 
$
952,482

Operating Profit:
 
 
 
 
 
 
 
 
Industrial
 
$
34,123

 
$
32,426

 
$
87,496

 
$
85,782

Energy
 
19,936

 
19,736

 
38,363

 
44,800

Engineered Solutions
 
13,560

 
12,754

 
36,297

 
28,654

General Corporate
 
(8,839
)
 
(7,874
)
 
(20,748
)
 
(21,849
)
 
 
$
58,780

 
$
57,042

 
$
141,408

 
$
137,387

 
 
May 31, 2014
 
August 31, 2013
Assets:
 
 
 
 
Industrial
 
$
322,609

 
$
280,110

Energy
 
805,056

 
817,547

Engineered Solutions
 
688,474

 
652,581

General Corporate
 
131,566

 
96,488

Assets of Discontinued Operations
 
—

 
272,606

 
 
$
1,947,705

 
$
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.