Segment Information

6 Months Ended

Feb. 28, 2017

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 into 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. During 2017, the Company rebranded its Integrated Solutions product line to Heavy Lifting Technology to align the brand with the solutions offered. 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 other 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 28, 2017			February 29, 2016			February 28, 2017			February 29, 2016
Net Sales by Reportable Product Line & Segment:
Industrial Segment:
Industrial Tools	$	78,679		$	72,095		$	157,718		$	151,828
Heavy Lifting Technology	12,969			9,093			21,220			18,231
	91,648			81,188			178,938			170,059
Energy Segment:
Energy Maintenance & Integrity	51,590			58,551			116,411			137,385
Other Energy Solutions	21,294			27,674			41,119			62,602
	72,884			86,225			157,530			199,987
Engineered Solutions Segment:
On-Highway	50,611			49,434			102,242			103,510
Agriculture, Off-Highway and Other	43,726			46,442			85,952			94,744
	94,337			95,876			188,194			198,254
	$	258,869		$	263,289		$	524,662		$	568,300
Operating Profit (Loss):
Industrial	$	18,380		$	16,728		$	37,155		$	37,283
Energy (1)	(579		)	(136,766		)	2,632			(126,673		)
Engineered Solutions (2)	1,816			(45,116		)	2,571			(41,594		)
General Corporate	(6,418		)	(6,961		)	(20,688		)	(15,760		)
	$	13,199		$	(172,115	)	$	21,670		$	(146,744	)

⁽¹⁾ Energy segment operating profit (loss) includes an impairment charge of $140.9 million for the three and six months ended February 29, 2016.

⁽²⁾ Engineered Solutions segment operating profit (loss) includes an impairment charge of $45.7 million for the three and six months ended February 29, 2016.

	February 28, 2017		August 31, 2016
Assets by Segment:
Industrial	$	310,197	$	308,222
Energy	501,824		479,169
Engineered Solutions	490,814		493,840
General Corporate	124,199		157,429
	$	1,427,034	$	1,438,660

In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment charges, director and officer transition charges, restructuring costs and related benefits.  Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.