Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.3.1.900
Segment Information
 3 Months Ended
Nov. 30, 2015
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 engaged 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 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,
 
2015
 
2014
Net Sales by Segment:
 
 
 
Industrial
$
88,870

 
$
102,413

Energy
113,764

 
111,522

Engineered Solutions
102,377

 
113,830

 
$
305,011

 
$
327,765

Net Sales by Reportable Product Line:
 
 
 
Industrial
$
88,870

 
$
102,413

Energy
113,764

 
111,522

Vehicle Systems
54,075

 
58,468

Other
48,302

 
55,362

 
$
305,011

 
$
327,765

Operating Profit (Loss):
 
 
 
Industrial
$
20,554

 
$
26,705

Energy
10,094

 
12,442

Engineered Solutions
3,522

 
6,278

General Corporate
(8,799
)
 
(7,207
)
 
$
25,371

 
$
38,218

 
November 30, 2015
 
August 31, 2015
Assets:
 
 
 
Industrial
$
288,032

 
$
293,738

Energy
609,928

 
601,521

Engineered Solutions
580,295

 
588,200

General Corporate
145,280

 
153,458

 
$
1,623,535

 
$
1,636,917


The impact of foreign currency exchange rate changes affects the comparability of segment and product line information. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.