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Business Segment, Geographic and Customer Information
 12 Months Ended
Aug. 31, 2023
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 infrastructure, industrial MRO, oil & gas, mining, alternative and renewable energy, civil construction and other markets. The Other operating 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,
 202420232022
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product$455,647 $447,603 $410,245 
Service & Rental115,506 107,575 117,097 
571,153 555,178 527,342 
Other Segment18,357 43,026 43,881 
$589,510 $598,204 $571,223 
Operating Profit (Loss)
IT&S Segment$153,105 $135,883 $78,735 
Other Segment4,249 10,954 729 
General Corporate(35,767)(62,915)(48,805)
$121,587 $83,922 $30,660 
Depreciation and Amortization:
IT&S Segment$11,700 $12,329 $14,498 
Other Segment888 3,164 3,664 
General Corporate687 820 1,438 
$13,275 $16,313 $19,600 
Capital Expenditures:
IT&S Segment$6,079 $7,779 $7,139 
Other Segment561 599 710 
General Corporate4,771 1,022 568 
$11,411 $9,400 $8,417 

August 31,
 20242023
Assets:
IT&S Segment$613,797 $632,113 
Other Segment26,533 28,127 
General Corporate136,998 102,357 
$777,328 $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, 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,
 202420232022
Net Sales:
United States of America$220,689 $231,093 $226,020 
United Kingdom36,290 34,085 29,316 
Germany34,700 29,926 28,004 
Saudi Arabia23,113 25,762 20,892 
Brazil22,769 20,523 16,517 
Australia22,165 28,607 26,667 
Canada19,248 29,643 19,651 
China16,258 14,081 15,434 
France16,133 14,606 14,854 
All Other178,145 169,877 173,868 
$589,510 $598,204 $571,223 
 August 31,
 20242023
Property, Plant and Equipment, net:
United States$18,150 $15,081 
United Kingdom7,599 7,543 
UAE3,130 4,004 
Brazil2,870 3,197 
Netherlands2,547 2,423 
Spain1,560 1,484 
All other4,429 5,235 
$40,285 $38,968 
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 7.9%, 9.9% and 9.8% of total net sales from continuing operations in fiscal 2024, 2023 and 2022, respectively.