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Segment Information
 6 Months Ended
Feb. 29, 2024
Segment Reporting [Abstract]  
Segment Information
Note 12. Segment 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 condensed consolidated financial statements.
The following tables summarize financial information by reportable segment and product line (in thousands):    
 Three Months EndedSix Months Ended
 February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product$107,942 $104,195 $212,862 $203,113 
Service & Rental26,880 26,709 58,994 55,088 
134,822 130,904 271,856 258,201 
Other Segment3,615 11,056 8,550 23,141 
$138,437 $141,960 $280,406 $281,342 
Operating Profit (Loss)
IT&S Segment$37,415 $30,437 $72,980 $57,077 
Other Segment(79)1,156 1,892 2,580 
General Corporate(7,815)(17,621)(16,688)(33,376)
$29,521 $13,972 $58,184 $26,281 
February 29, 2024August 31, 2023
Assets
IT&S Segment$627,455 $632,113 
Other Segment27,690 28,127 
General Corporate114,141 102,357 
$769,286 $762,597 

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, Right of Use ("ROU") assets, capitalized debt issuance costs and deferred income taxes.