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Segment Information
 3 Months Ended
Nov. 30, 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 Ended November 30,
 20242023
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product$106,087 $104,921 
Service & Rental34,047 32,114 
140,134 137,035 
Other Segment5,062 4,935 
$145,196 $141,970 
Operating Profit (Loss)
IT&S Segment$37,992 $35,565 
Other Segment1,319 1,971 
Corporate(8,179)(8,874)
$31,132 $28,662 
November 30, 2024August 31, 2024
Assets
IT&S Segment$646,645 $613,797 
Other Segment26,379 26,533 
Corporate102,327 136,998 
$775,351 $777,328 

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.