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Segment Information | 6 Months Ended
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Feb. 28, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company is a global manufacturer of a broad range of industrial products and systems and is organized into three reportable segments: Industrial, Energy and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. During 2017, the Company rebranded its Integrated Solutions product line to Heavy Lifting Technology to align the brand with the solutions offered. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers ("OEM") in various on and off-highway vehicle markets, as well as a variety of other products to the industrial and agricultural markets. The following tables summarize financial information by reportable segment and product line (in thousands):
| Three Months Ended |  | Six Months Ended
| February 28, 2017 |  | February 29, 2016 |  | February 28, 2017 |  | February 29, 2016
Net Sales by Reportable Product Line & Segment: |  |  |  |  |  |  |
Industrial Segment: |  |  |  |  |  |  |
Industrial Tools | $ | 78,679 |  |  | $ | 72,095 |  |  | $ | 157,718 |  |  | $ | 151,828 |
Heavy Lifting Technology | 12,969 |  |  | 9,093 |  |  | 21,220 |  |  | 18,231 |
| 91,648 |  |  | 81,188 |  |  | 178,938 |  |  | 170,059 |
Energy Segment: |  |  |  |  |  |  |
Energy Maintenance & Integrity | 51,590 |  |  | 58,551 |  |  | 116,411 |  |  | 137,385 |
Other Energy Solutions | 21,294 |  |  | 27,674 |  |  | 41,119 |  |  | 62,602 |
| 72,884 |  |  | 86,225 |  |  | 157,530 |  |  | 199,987 |
Engineered Solutions Segment: |  |  |  |  |  |  |
On-Highway | 50,611 |  |  | 49,434 |  |  | 102,242 |  |  | 103,510 |
Agriculture, Off-Highway and Other | 43,726 |  |  | 46,442 |  |  | 85,952 |  |  | 94,744 |
| 94,337 |  |  | 95,876 |  |  | 188,194 |  |  | 198,254 |
| $ | 258,869 |  |  | $ | 263,289 |  |  | $ | 524,662 |  |  | $ | 568,300 |
Operating Profit (Loss): |  |  |  |  |  |  |
Industrial | $ | 18,380 |  |  | $ | 16,728 |  |  | $ | 37,155 |  |  | $ | 37,283 |
Energy (1) | (579 | ) |  | (136,766 | ) |  | 2,632 |  |  | (126,673 | )
Engineered Solutions (2) | 1,816 |  |  | (45,116 | ) |  | 2,571 |  |  | (41,594 | )
General Corporate | (6,418 | ) |  | (6,961 | ) |  | (20,688 | ) |  | (15,760 | )
| $ | 13,199 |  |  | $ | (172,115 | ) |  | $ | 21,670 |  |  | $ | (146,744 | )
(1) Energy segment operating profit (loss) includes an impairment charge of $140.9 million for the three and six months ended February 29, 2016. (2) Engineered Solutions segment operating profit (loss) includes an impairment charge of $45.7 million for the three and six months ended February 29, 2016.
| February 28, 2017 |  | August 31, 2016
Assets by Segment: |  |  |
Industrial | $ | 310,197 |  |  | $ | 308,222 |
Energy | 501,824 |  |  | 479,169 |
Engineered Solutions | 490,814 |  |  | 493,840 |
General Corporate | 124,199 |  |  | 157,429 |
| $ | 1,427,034 |  |  | $ | 1,438,660 |
In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment charges, director and officer transition charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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