Note 13. Segment Information

The Company is a global manufacturer of a broad range of industrial products and systems. The Industrial Tools & Services segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the industrial, maintenance, infrastructure, oil & gas, energy and other markets. The Engineered Components & Systems segment provides highly engineered components for on-highway, off-highway, agriculture, medical, concrete tensioning (divested December 31, 2018) and other vertical markets. All of the aforementioned markets are supported through our various segment product lines outlined below.

The following tables summarize financial information by reportable segment and product line (in thousands):



	Three Months Ended February 28,						Six Months Ended February 28,
	2019			2018			2019			2018
Net Sales by Reportable Product Line & Segment
Industrial Tools & Services
Product	$	105,584		$	105,302		$	208,352		$	206,422
Service & Rental	43,937			31,685			89,824			72,556
	149,521			136,987			298,176			278,978
Engineered Components & Systems
On-Highway	55,013			59,297			115,604			124,179
Agriculture, Off-Highway and Other	52,448			50,795			106,332			102,111
Rope & Cable Solutions	11,386			17,101			27,552			33,488
Concrete Tensioning	3,539			10,983			16,774			22,617
Off Shore Mooring	—			2			—			2,747
	122,386			138,178			266,262			285,142
	$	271,907		$	275,165		$	564,438		$	564,120

Operating Profit (Loss)
Industrial Tools & Services	$	26,546		$	18,963		$	52,920		$	39,800
Engineered Components & Systems ⁽¹⁾	(1,412		)	(4,448		)	(29,704		)	(413		)
General Corporate	(8,780		)	(4,711		)	(16,180		)	(14,910		)
	$	16,354		$	9,804		$	7,036		$	24,477

⁽¹⁾ Engineered Components & Systems segment operating losses include impairment & divestiture charges of $6.9 million and $3.0 million for the three months ended February 28, 2019 and 2018, respectively. For the six months ended February 28, 2019 and 2018, impairment & divestiture charges were $43.3 million and $3.0 million, respectively.



	February 28, 2019		August 31, 2018
Assets:
Industrial Tools & Services	$	622,346	$	589,932
Engineered Components & Systems	618,854		657,370
General Corporate	161,857		234,036
	$	1,403,057	$	1,481,338

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 & divestiture 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.