Business Segment, Geographic and Customer Information

12 Months Ended

Aug. 31, 2020

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,
	2021		2020		2019
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product	$	376,353	$	341,470	$	433,703
Service & Rental	116,772		113,393		175,812
	493,125		454,863		609,515
Other Operating Segment	35,535		38,429		45,243
	$	528,660	$	493,292	$	654,758
Operating Profit (Loss)
IT&S	$	81,683	$	65,549	$	101,411
Other Operating Segment	(10,420)		(3,420)		(11,821)
General Corporate	(20,150)		(37,948)		(42,076)
	$	51,113	$	24,181	$	47,516

Depreciation and Amortization:
IT&S	$	15,856	$	14,854	$	14,762
Other Operating Segment	3,568		3,620		3,408
General Corporate	2,187		2,246		2,047
	$	21,611	$	20,720	$	20,217
Capital Expenditures:
IT&S	$	10,918	$	7,282	$	9,945
Other Operating Segment	768		2,625		3,917
General Corporate	333		2,146		1,061
	$	12,019	$	12,053	$	14,923

	August 31,
	2021		2020
Assets:
IT&S	$	641,256	$	592,086
Other Operating Segment	52,745		61,105
General Corporate	126,246		171,103
	$	820,247	$	824,294

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, 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,
	2021		2020		2019
Net Sales:
United States	$	188,070	$	185,279	$	249,644
United Kingdom	39,896		24,033		30,127
Germany	28,456		24,401		26,445
Australia	24,990		19,332		25,749
Canada	17,348		15,924		18,686
China	16,927		15,058		18,548
Saudi Arabia	16,715		19,787		21,625
Brazil	13,937		16,413		18,779
All other	182,321		173,065		245,155
	$	528,660	$	493,292	$	654,758

	August 31,
	2021		2020
Property, Plant and Equipment, net:
United States	$	18,942	$	21,410
United Kingdom	11,818		9,654
UAE	6,448		7,525
Netherlands	2,625		2,546
Brazil	2,248		1,784
Kazakhstan	1,552		2,052
Spain	1,506		1,705
Australia	751		1,014
China	750		12,248
All other	1,950		1,467
	$	48,590	$	61,405

The Company’s largest customer accounted for approximately 3% of sales in each of the last three fiscal years. Export sales from domestic operations were 7.2%, 7.3% and 7.4% of total net sales from continuing operations in fiscal 2021, 2020 and 2019, respectively.