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Industry Segment Information (Tables)
12 Months Ended
Aug. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

($ in thousands)

 

2021

 

 

2020

 

 

2019

 

Operating revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Irrigation:

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

273,871

 

 

$

224,771

 

 

$

225,677

 

International

 

 

197,487

 

 

 

124,575

 

 

 

132,871

 

Irrigation total

 

 

471,358

 

 

 

349,346

 

 

 

358,548

 

Infrastructure

 

 

96,288

 

 

 

125,346

 

 

 

85,524

 

Total operating revenues

 

$

567,646

 

 

$

474,692

 

 

$

444,072

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income:

 

 

 

 

 

 

 

 

 

 

 

 

Irrigation

 

$

63,181

 

 

$

41,263

 

 

$

29,374

 

Infrastructure

 

 

20,174

 

 

 

42,722

 

 

 

17,029

 

Corporate

 

 

(29,248

)

 

 

(29,783

)

 

 

(40,288

)

Total operating income

 

 

54,107

 

 

 

54,202

 

 

 

6,115

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other (expense) income

 

 

(3,721

)

 

 

(5,359

)

 

 

(4,008

)

Earnings before income taxes

 

$

50,386

 

 

$

48,843

 

 

$

2,107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Irrigation

 

$

19,188

 

 

$

9,254

 

 

$

9,473

 

Infrastructure

 

 

6,866

 

 

 

11,275

 

 

 

4,928

 

Corporate

 

 

457

 

 

 

916

 

 

 

8,810

 

 

 

$

26,511

 

 

$

21,445

 

 

$

23,211

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Irrigation

 

$

12,245

 

 

$

12,906

 

 

$

9,500

 

Infrastructure

 

 

3,748

 

 

 

3,495

 

 

 

3,663

 

Corporate

 

 

3,183

 

 

 

2,994

 

 

 

855

 

 

 

$

19,177

 

 

$

19,396

 

 

$

14,018

 

 

Schedule of Revenue and Long-Lived Assets by Geographical Areas

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2021

 

 

2020

 

 

2019

 

 

 

Revenues

 

 

% of total

 

 

Revenues

 

 

% of total

 

 

Revenues

 

 

% of total

 

United States

 

$

307,313

 

 

 

54

 

 

$

259,557

 

 

 

55

 

 

$

257,719

 

 

 

58

 

International

 

 

260,333

 

 

 

46

 

 

 

215,135

 

 

 

45

 

 

 

186,353

 

 

 

42

 

Total revenues

 

$

567,646

 

 

 

100

 

 

$

474,692

 

 

 

100

 

 

$

444,072

 

 

 

100

 

 

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2021

 

 

2020

 

 

2019

 

 

 

Long-lived

tangible

assets

 

 

% of total

 

 

Long-lived

tangible

assets

 

 

% of total

 

 

Long-lived

tangible

assets

 

 

% of total

 

United States

 

$

68,526

 

 

 

74

 

 

$

64,857

 

 

 

81

 

 

$

52,187

 

 

 

76

 

International

 

 

23,471

 

 

 

26

 

 

 

14,724

 

 

 

19

 

 

 

16,781

 

 

 

24

 

Total long-lived assets

 

$

91,997

 

 

 

100

 

 

$

79,581

 

 

 

100

 

 

$

68,968

 

 

 

100