XML 61 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment, Geographic and Customer Information (Tables)
 12 Months Ended
Aug. 31, 2017
Segment Reporting [Abstract]  
Summary of Financial Information by Reportable Segment and Product Line
The following tables summarize financial information by reportable segment and product line (in thousands):
 
 
Year Ended August 31,
 
 
2017
 
2016
 
2015
Net Sales by Reportable Product Line & Segment:
 
 
 
 
 
 
Industrial Segment:
 
 
 
 
 
 
Industrial Tools
 
$
335,569

 
$
314,832

 
$
355,170

Heavy Lifting Technology
 
44,186

 
44,985

 
47,294

 
 
379,755

 
359,817

 
402,464

Energy Segment:
 
 
 
 
 
 
Energy Maintenance & Integrity
 
225,716

 
278,881

 
246,357

Other Energy Services
 
83,878

 
113,849

 
165,518

 
 
309,594

 
392,731

 
411,875

Engineered Solutions Segment:
 
 
 
 
 
 
On-Highway
 
215,831

 
209,575

 
220,889

Agriculture, Off-Highway and Other
 
190,604

 
187,287

 
214,026

 
 
406,435

 
396,862

 
434,915

 
 
$
1,095,784

 
$
1,149,410

 
$
1,249,254

 
 
 
 
 
 
 
Operating (Loss) Profit:
 
 
 
 
 
 
Industrial
 
$
84,936

 
$
79,773

 
$
105,652

Energy (1)
 
(119,020
)
 
(107,528
)
 
(41,351
)
Engineered Solutions (2)
 
16,883

 
(42,991
)
 
19,789

General Corporate
 
(33,035
)
 
(29,471
)
 
(30,536
)
 
 
$
(50,236
)
 
$
(100,217
)
 
$
53,554

 
(1) Energy segment operating (loss) profit includes impairment and other divestiture charges of $117.0 million, $140.9 million and $84.4 million in fiscal 2017, 2016 and 2015, respectively.
(2) Engineered Solutions segment operating profit (loss) includes an impairment charge of $45.7 million in fiscal 2016 and a $5.1 million loss on the Sanlo divestiture.
Depreciation and Amortization:
 
 
 
 
 
 
Industrial
 
$
7,583

 
$
8,175

 
$
8,257

Energy
 
18,943

 
21,944

 
26,532

Engineered Solutions
 
14,572

 
15,910

 
16,652

General Corporate
 
2,012

 
1,749

 
1,798

 
 
$
43,110

 
$
47,777

 
$
53,239

 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
Industrial
 
$
6,566

 
$
2,570

 
$
1,249

Energy
 
12,076

 
9,355

 
11,864

Engineered Solutions
 
6,857

 
5,974

 
8,472

General Corporate
 
2,696

 
2,310

 
931

 
 
$
28,195

 
$
20,209

 
$
22,516


 
 
August 31,
 
 
2017
 
2016
Assets:
 
 
 
 
Industrial
 
$
329,134

 
$
308,222

Energy
 
482,963

 
479,169

Engineered Solutions
 
531,068

 
493,840

General Corporate
 
173,790

 
157,429

 
 
$
1,516,955

 
$
1,438,660
Financial Information From Continuing Operations By Geographic Region
The following tables summarize net sales and long-lived assets (fixed assets and other long-term assets, excluding deferred tax assets and debt issuance cots) by geographic region (in thousands):
 
 
Year Ended August 31,
 
 
2017
 
2016
 
2015
Net Sales:
 
 
 
 
 
 
United States
 
$
480,801

 
$
477,670

 
$
526,061

Netherlands
 
130,724

 
143,517

 
139,432

United Kingdom
 
84,106

 
115,183

 
113,743

Australia
 
38,924

 
62,779

 
94,319

UAE
 
39,974

 
55,906

 
44,211

All other
 
321,255

 
294,355

 
331,489

 
 
$
1,095,784

 
$
1,149,410

 
$
1,249,254

 
 
August 31,
 
 
2017
 
2016
Long-lived Assets:
 
 
 
 
United States
 
$
36,254

 
$
32,205

China
 
16,332

 
16,863

Netherlands
 
9,134

 
8,027

UAE
 
8,451

 
8,399

United Kingdom
 
5,467

 
9,914

Australia
 
1,286

 
15,399

All other
 
21,410

 
34,399

 
 
$
98,334

 
$
117,179