Segment Information

3 Months Ended

Nov. 30, 2012

Segment Information

Note 10. Segment Information

The Company is a global manufacturer of a broad range of industrial products and systems and is organized into four reportable segments: Industrial, Energy, Electrical, 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. The Energy segment provides joint integrity products and services, as well as rope and cable solutions to the global oil & gas, power generation and energy markets. The Electrical segment designs, manufactures and distributes a broad range of electrical products to the retail DIY, wholesale, original equipment manufacturer (“OEM”), solar, utility, marine and other harsh environment markets. The Engineered Solutions segment provides highly engineered position and motion control systems to OEMs in various 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,
	2012			2011
Net Sales by Segment:
Industrial	$	101,122		$	100,253
Energy		90,769			80,421
Electrical		69,439			82,833
Engineered Solutions		115,918			129,292
	$	377,248		$	392,799
Net Sales by Reportable Product Line:
Industrial	$	101,122		$	100,253
Energy		90,769			80,421
Electrical		69,439			82,833
Vehicle Systems		61,187			76,363
Other		54,731			52,929
	$	377,248		$	392,799
Operating Profit:
Industrial	$	27,006		$	27,934
Energy		15,387			13,217
Electrical		7,828			4,977
Engineered Solutions		7,625			18,999
General Corporate		(6,544	)		(7,846	)
	$	51,302		$	57,281

	November 30, 2012		August 31, 2012
Assets:
Industrial	$	271,607	$	268,735
Energy		545,760		540,409
Electrical		444,780		437,914
Engineered Solutions		671,372		667,550
General Corporate		91,937		92,511
	$	2,025,456	$	2,007,119

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