Segment Information

9 Months Ended

May 31, 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 May 31,						Nine Months Ended May 31,
	2016			2015			2016			2015
Net Sales by Reportable Product Line & Segment:
Industrial Segment:
Industrial Tools	$	81,771		$	88,348		$	233,599		$	267,064
Integrated Solutions	13,980			15,198			32,210			35,384
	95,751			103,546			265,809			302,448
Energy Segment:
Energy Maintenance & Integrity	73,377			62,644			210,762			182,985
Other Energy Solutions	27,923			36,653			90,526			128,044
	101,300			99,297			301,288			311,029
Engineered Solutions Segment:
On-Highway	58,439			59,673			161,949			170,122
Agriculture, Off-Highway and Other	49,851			57,584			144,595			165,271
	108,290			117,257			306,544			335,393
	$	305,341		$	320,100		$	873,641		$	948,870
Operating Profit (Loss):
Industrial	$	21,712		$	29,165		$	58,994		$	79,386
Energy (1)	10,870			12,774			(115,803		)	(50,457		)
Engineered Solutions (2)	3,651			8,313			(37,943		)	16,601
General Corporate	(7,890		)	(7,250		)	(23,649		)	(20,757		)
	$	28,343		$	43,002		$	(118,401	)	$	24,773

(1) Energy segment operating profit (loss) includes impairment charges of $140.8 million and $84.4 million for the nine months ended May 31, 2016 and 2015, respectively.

(2) Engineered Solutions segment operating profit (loss) includes an impairment charge of $45.7 million for the nine months ended May 31, 2016.

	May 31, 2016		August 31, 2015
Assets by Segment:
Industrial	$	299,971	$	293,738
Energy	508,660		601,521
Engineered Solutions	529,275		588,200
General Corporate	129,514		153,458
	$	1,467,420	$	1,636,917

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 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.