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Segment Information
 6 Months Ended
Feb. 29, 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 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 maintenance 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
 
Six Months Ended
 
February 29, 2016
 
February 28, 2015
 
February 29,
2016
 
February 28,
2015
Net Sales by Reportable Product Line & Segment:
 
 
 
 
 
 
 
Industrial Segment:
 
 
 
 
 
 
 
Industrial Tools
$
72,095

 
$
86,698

 
$
151,828

 
$
178,716

Integrated Solutions
9,093

 
9,790

 
18,231

 
20,185

 
81,188

 
96,488

 
170,059

 
198,901

Energy Segment:
 
 
 
 
 
 
 
Energy Maintenance & Integrity
58,551

 
55,364

 
137,385

 
120,342

Other Energy Services
27,674

 
44,847

 
62,602

 
91,391

 
86,225

 
100,211

 
199,987

 
211,733

Engineered Solutions Segment:
 
 
 
 
 
 
 
On-Highway
49,434

 
51,981

 
103,510

 
110,449

Agriculture, Off-Highway and Other
46,442

 
52,325

 
94,744

 
107,687

 
95,876

 
104,306

 
198,254

 
218,136

 
$
263,289

 
$
301,005

 
$
568,300

 
$
628,770

Operating Profit (Loss):
 
 
 
 
 
 
 
Industrial
$
16,728

 
$
23,517

 
$
37,283

 
$
50,221

Energy
(136,766
)
 
(75,673
)
 
(126,673
)
 
(63,231
)
Engineered Solutions
(45,116
)
 
2,010

 
(41,594
)
 
8,288

General Corporate
(6,961
)
 
(6,301
)
 
(15,760
)
 
(13,507
)
 
$
(172,115
)
 
$
(56,447
)
 
$
(146,744
)
 
$
(18,229
)
Adjusted Operating Profit (Loss):
 
 
 
 
 
 
 
Industrial
$
16,728

 
$
23,517

 
$
37,283

 
$
50,221

Energy (1)
4,071

 
8,680

 
14,164

 
21,122

Engineered Solutions (2)
558

 
2,010

 
4,080

 
8,288

General Corporate
(6,961
)
 
(6,301
)
 
(15,760
)
 
(13,507
)
 
$
14,396

 
$
27,906

 
$
39,767

 
$
66,124

 
February 29, 2016
 
August 31, 2015
Assets by Segment:
 
 
 
Industrial
$
298,831

 
$
293,738

Energy
435,260

 
601,521

Engineered Solutions
535,212

 
588,200

General Corporate
141,701

 
153,458

 
$
1,411,004

 
$
1,636,917


(1) The Energy segment adjusted operating profit (loss) excludes impairment charges of $140.8 million and $84.4 million for the three and six months ended February 29, 2016 and February 28, 2015, respectively.
(2) The Engineered Solution segment adjusted operating profit (loss) excludes impairment charges of $45.7 million for the three and six months ended February 29, 2016.
In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is also impacted by acquisitions and the fiscal 2015 and 2016 impairment charges (Energy and Engineered Solutions segments).  Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.