Business Segment, Geographic and Customer Information

12 Months Ended

Aug. 31, 2021

Segment Reporting [Abstract]

Business Segment, Geographic and Customer Information

Note 16.    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 infrastructure, industrial maintenance, repair and operations, oil & gas, mining, alternative and renewable energy, civil construction 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,
	2022		2021		2020
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product	$	410,245	$	376,353	$	341,470
Service & Rental	117,097		116,772		113,393
	527,342		493,125		454,863
Other Segment	43,881		35,535		38,429
	$	571,223	$	528,660	$	493,292
Operating Profit (Loss)
IT&S	$	78,735	$	81,683	$	65,549
Other Segment	729		(10,420)		(3,420)
General Corporate	(48,804)		(20,150)		(37,948)
	$	30,660	$	51,113	$	24,181

Depreciation and Amortization:
IT&S	$	14,498	$	15,856	$	14,854
Other Segment	3,664		3,568		3,620
General Corporate	1,438		2,187		2,246
	$	19,600	$	21,611	$	20,720
Capital Expenditures:
IT&S	$	7,139	$	10,918	$	7,282
Other Segment	710		768		2,625
General Corporate	568		333		2,146
	$	8,417	$	12,019	$	12,053

	August 31,
	2022		2021
Assets:
IT&S	$	618,412	$	641,256
Other Segment	46,428		52,745
General Corporate	92,472		126,246
	$	757,312	$	820,247

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,
	2022		2021		2020
Net Sales:
United States	$	226,020	$	188,070	$	185,279
United Kingdom	29,316		39,896		24,033
Germany	28,004		28,456		24,401
Australia	26,667		24,990		19,332
Saudi Arabia	20,892		16,715		19,787
Canada	19,651		17,348		15,924
Brazil	16,517		13,937		16,413
China	15,434		16,927		15,058
All other	188,722		182,321		173,065
	$	571,223	$	528,660	$	493,292

	August 31,
	2022		2021
Property, Plant and Equipment, net:
United States	$	16,743	$	18,942
United Kingdom	8,212		11,818
UAE	4,407		6,448
Brazil	2,873		2,248
Netherlands	1,965		2,625
Spain	1,413		1,506
Kazakhstan	1,028		1,552
All other	4,731		3,451
	$	41,372	$	48,590

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 9.8%, 7.2% and 7.3% of total net sales from continuing operations in fiscal 2022, 2021 and 2020, respectively.