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Business Segment, Geographic and Customer Information
 12 Months Ended
Aug. 31, 2024
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 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 Company’s Chief Executive Officer is the Chief Operating Decision Maker (CODM). The CODM allocates resources and makes operating decisions based on the financial information presented by the Company’s segments. The measures regularly reviewed by our CODM include segment sales, segment operating profit and segment operating profit margin. Our CODM uses these financial measures, to evaluate and allocate capital and company resources as critical determinants of segment performance. In addition, these metrics are used to monitor forecasted to actual and budgeted results to benchmark to our peers. The following table includes segment sales, significant expense items and segment operating profit as viewed by the CODM for the years ended August 31, 2025, 2024, and 2023.
 Year Ended August 31,
 202520242023
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product$479,001$455,647$447,603
Service & Rental116,824115,506107,575
IT&S Segment595,825571,153555,178
Other Segment21,07418,35743,026
$616,899$589,510$598,204
Cost of Products Sold
IT&S Segment$295,335$278,602$274,783
Other Segment9,6618,95026,546
Corporate749471,836
305,070288,499303,165
Gross Profit
IT&S Segment300,490292,551280,395
Other Segment11,4139,40716,480
Corporate(74)(947)(1,836)
311,829301,011295,039
Selling, General and Administrative Expenses
IT&S Segment128,724129,365135,797
Other Segment5,3504,9649,962
General Corporate32,84634,23659,305
166,920168,565205,064
Amortization of Intangible Assets
IT&S Segment5,4043,2803,297
Other Segment——1,719
General Corporate1723296
5,5763,3125,112
 Year Ended August 31,
 202520242023
Restructuring Charges
IT&S Segment2,493 6,801 5,418 
Other Segment— 47 — 
General Corporate3,369 552 1,678 
5,862 7,400 7,096 
Impairment & Divestiture Charges
Other Segment— 147 (6,155)
— 147 (6,155)
Operating Profit (Loss)
IT&S Segment163,869 153,105 135,883 
Other Segment6,063 4,249 10,954 
Corporate(36,461)(35,767)(62,915)
133,471 121,587 83,922 
Operating Profit %
IT&S Segment27.5 %26.8 %24.5 %
Other Segment28.8 %23.1 %25.5 %
Capital Expenditures:
IT&S Segment8,906 6,079 7,779 
Other Segment434 561 599 
Corporate10,000 4,771 1,022 
$19,340 $11,411 $9,400 

August 31,
 20252024
Assets:
IT&S Segment$672,123 $613,797 
Other Segment25,294 26,533 
Corporate130,450 136,998 
$827,867 $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, 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,
 202520242023
Net Sales:
United States of America$229,026 $220,689 $231,093 
United Kingdom36,933 36,290 34,085 
Germany29,532 34,700 29,926 
Saudi Arabia26,699 23,113 25,762 
Brazil25,170 22,769 20,523 
Canada25,010 19,248 29,643 
Australia23,382 22,165 28,607 
China17,658 16,258 14,081 
Netherlands17,525 15,737 11,044 
All Other185,964 178,541 173,440 
$616,899 $589,510 $598,204 
 August 31,
 20252024
Property, Plant and Equipment, net:
United States of America$26,075 $18,150 
United Kingdom8,749 7,599 
Spain5,042 1,560 
UAE3,285 3,130 
Brazil2,971 2,870 
Netherlands2,924 2,547 
All other4,229 4,429 
$53,275 $40,285 
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 7.3%, 7.9% and 9.9% of total net sales from continuing operations in fiscal 2025, 2024 and 2023, respectively.