Business Segment, Geographic and Customer Information

12 Months Ended

Aug. 31, 2019

Segment Reporting [Abstract]

Business Segment, Geographic and Customer Information

Note 15.    Business Segment, Geographic and Customer Information

The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable 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 Other segment is included for purposes of reconciliation of the respective balances below to the consolidated financial statements.

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

	Year Ended August 31,
	2020		2019		2018
Net Sales by Reportable Segment & Product Line
Industrial Tools & Services Segment
Product	$	341,470	$	433,703	$	439,405
Service & Rental	113,393		175,812		151,680
	454,863		609,515		591,085
Other Operating Segment	38,429		45,243		50,218
	$	493,292	$	654,758	$	641,303
Operating Profit (Loss)
Industrial Tools & Services	$	65,549	$	101,411	$	99,432
Other Operating Segment	(3,420)		(11,821)		(5,690)
General Corporate	(37,948)		(42,076)		(43,536)
	$	24,181	$	47,516	$	50,206

Depreciation and Amortization:
Industrial Tools & Services	$	14,854	$	14,762	$	15,301
Other Operating Segment	3,620		3,408		3,122
General Corporate	2,246		2,047		1,982
	$	20,720	$	20,217	$	20,405
Capital Expenditures:
Industrial Tools & Services	$	7,282	$	9,945	$	7,799
Other Operating Segment	2,625		3,917		1,295
General Corporate	2,146		1,061		1,927
	$	12,053	$	14,923	$	11,021

	August 31,
	2020		2019
Assets:*
Industrial Tools & Services	$	592,086	$	553,615
Other Operating Segment	61,105		54,484
General Corporate	171,103		230,597
	$	824,294	$	838,696

*Excludes "Assets from discontinued operations" as of August 31, 2019.

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and divestiture charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, property, plant, and equipment, ROU assets (year ended August 31, 2020), capitalized debt issuance costs and deferred income taxes.

The following tables summarize net sales and property, plant and equipment by geographic region (in thousands):

	Year Ended August 31,
	2020		2019		2018
Net Sales:
United States	$	185,279	$	249,644	$	236,036
Germany	24,401		26,445		30,643
United Kingdom	24,033		30,127		35,388
Saudi Arabia	19,787		21,625		20,749
Australia	19,332		25,749		30,796
Brazil	16,413		18,779		17,900
Canada	15,924		18,686		20,172
China	15,058		18,548		19,239
All other	173,065		245,155		230,380
	$	493,292	$	654,758	$	641,303

	August 31,
	2020		2019
Property, Plant and Equipment, net:
United States	$	21,410	$	21,047
China	12,248		12,179
United Kingdom	9,654		2,983
UAE	7,525		8,734
Netherlands	2,546		2,720
Kazakhstan	2,052		2,635
Brazil	1,784		2,851
Spain	1,705		1,244
All other	2,481		2,336
	$	61,405	$	56,729

The Company’s largest customer accounted for approximately 3.0% of sales in each of the last three fiscal years. Export sales from domestic operations were 7.3%, 7.4% and 7.9% of total net sales from continuing operations in fiscal 2020, 2019 and 2018, respectively.