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Business Segment, Geographic and Customer Information | 12 Months Ended
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Aug. 31, 2019
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 industrial, maintenance, infrastructure, oil & gas, energy and other markets. The Other segment is included for purposes of reconciliation of the respective balances below to the consolidated financial statements. All operations within the EC&S operating segment are considered discontinued operations and are therefore excluded from all disclosures herein. The following tables summarize financial information by reportable segment and product line (in thousands):
|  | Year Ended August 31,
|  | 2019 |  | 2018 |  | 2017
Net Sales by Reportable Segment & Product Line |  |  |  |  |  |
Industrial Tools & Services Segment |  |  |  |  |  |
Product |  | $ | 433,703 |  |  | $ | 439,405 |  |  | $ | 396,381 |
Service & Rental |  | 175,812 |  |  | 151,680 |  |  | 156,201 |
|  | 609,515 |  |  | 591,085 |  |  | 552,582 |
Other Operating Segment |  | 45,243 |  |  | 50,218 |  |  | 64,009 |
|  | $ | 654,758 |  |  | $ | 641,303 |  |  | $ | 616,591 |
Operating Profit (Loss) |  |  |  |  |  |
Industrial Tools & Services |  | $ | 101,411 |  |  | $ | 99,432 |  |  | $ | 95,825 |
Other Operating Segment |  | (11,821 | ) |  | (5,690 | ) |  | (130,396 | )
General Corporate |  | (42,076 | ) |  | (43,536 | ) |  | (50,281 | )
|  | $ | 47,516 |  |  | $ | 50,206 |  |  | $ | (84,852 | )
Depreciation and Amortization: |  |  |  |  |  |
Industrial Tools & Services |  | $ | 14,762 |  |  | $ | 15,301 |  |  | $ | 15,025 |
Other Operating Segment |  | 3,408 |  |  | 3,122 |  |  | 5,886 |
General Corporate |  | 2,047 |  |  | 1,982 |  |  | 2,014 |
|  | $ | 20,217 |  |  | $ | 20,405 |  |  | $ | 22,925 |
Capital Expenditures: |  |  |  |  |  |
Industrial Tools & Services |  | $ | 9,945 |  |  | $ | 7,799 |  |  | $ | 8,614 |
Other Operating Segment |  | 3,917 |  |  | 1,295 |  |  | 5,411 |
General Corporate |  | 1,061 |  |  | 1,927 |  |  | 3,213 |
|  | $ | 14,923 |  |  | $ | 11,021 |  |  | $ | 17,238 |
|  | August 31,
|  | 2019 |  | 2018
Assets:* |  |  |  |
Industrial Tools & Services |  | $ | 553,615 |  |  | $ | 589,926 |
Other Operating Segment |  | 54,484 |  |  | 76,506 |
General Corporate |  | 230,597 |  |  | 249,852 |
|  | $ | 838,696 |  |  | $ | 916,284 |
*Excludes "Assets from discontinued operations" as of August 31, 2019 and 2018, respectively. 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, 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,
|  | 2019 |  | 2018 |  | 2017
Net Sales: |  |  |  |  |  |
United States |  | $ | 249,644 |  |  | $ | 236,036 |  |  | $ | 230,513 |
United Kingdom |  | 30,127 |  |  | 35,388 |  |  | 42,875 |
Kazakhstan |  | 30,081 |  |  | 19,814 |  |  | 22,989 |
Germany |  | 26,445 |  |  | 30,643 |  |  | 27,611 |
Australia |  | 25,749 |  |  | 30,796 |  |  | 36,076 |
Saudi Arabia |  | 21,625 |  |  | 20,749 |  |  | 22,089 |
Brazil |  | 18,779 |  |  | 17,900 |  |  | 15,456 |
Canada |  | 18,686 |  |  | 20,172 |  |  | 17,458 |
China |  | 18,548 |  |  | 19,239 |  |  | 18,323 |
All other |  | 215,074 |  |  | 210,566 |  |  | 183,201 |
|  | $ | 654,758 |  |  | $ | 641,303 |  |  | $ | 616,591 |
|  | August 31,
|  | 2019 |  | 2018
Property, Plant and Equipment, net: |  |  |  |
United States |  | $ | 21,047 |  |  | $ | 17,040 |
China |  | 12,179 |  |  | 13,442 |
UAE |  | 8,734 |  |  | 7,876 |
United Kingdom |  | 2,983 |  |  | 3,663 |
Brazil |  | 2,851 |  |  | 2,923 |
Netherlands |  | 2,720 |  |  | 3,530 |
Kazakhstan |  | 2,635 |  |  | 3,056 |
All other |  | 3,580 |  |  | 3,444 |
|  | $ | 56,729 |  |  | $ | 54,974 |
The Company’s largest customer accounted for less than 3% of sales in each of the last three fiscal years. Export sales from domestic operations were 7.4%, 7.9% and 6.0% of total net sales from continuing operations in fiscal 2019, 2018 and 2017, respectively.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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