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Business Segment, Geographic and Customer Information | 12 Months Ended
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Aug. 31, 2020
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. The following tables summarize financial information by reportable segment and product line (in thousands):
|  | Year Ended August 31,
|  | 2021 |  | 2020 |  | 2019
Net Sales by Reportable Segment & Product Line |  |  |  |  |  |
IT&S Segment |  |  |  |  |  |
Product |  | $ | 376,353 |  |  | $ | 341,470 |  |  | $ | 433,703 |
Service & Rental |  | 116,772 |  |  | 113,393 |  |  | 175,812 |
|  | 493,125 |  |  | 454,863 |  |  | 609,515 |
Other Operating Segment |  | 35,535 |  |  | 38,429 |  |  | 45,243 |
|  | $ | 528,660 |  |  | $ | 493,292 |  |  | $ | 654,758 |
Operating Profit (Loss) |  |  |  |  |  |
IT&S |  | $ | 81,683 |  |  | $ | 65,549 |  |  | $ | 101,411 |
Other Operating Segment |  | (10,420) |  |  | (3,420) |  |  | (11,821) |
General Corporate |  | (20,150) |  |  | (37,948) |  |  | (42,076) |
|  | $ | 51,113 |  |  | $ | 24,181 |  |  | $ | 47,516 |
Depreciation and Amortization: |  |  |  |  |  |
IT&S |  | $ | 15,856 |  |  | $ | 14,854 |  |  | $ | 14,762 |
Other Operating Segment |  | 3,568 |  |  | 3,620 |  |  | 3,408 |
General Corporate |  | 2,187 |  |  | 2,246 |  |  | 2,047 |
|  | $ | 21,611 |  |  | $ | 20,720 |  |  | $ | 20,217 |
Capital Expenditures: |  |  |  |  |  |
IT&S |  | $ | 10,918 |  |  | $ | 7,282 |  |  | $ | 9,945 |
Other Operating Segment |  | 768 |  |  | 2,625 |  |  | 3,917 |
General Corporate |  | 333 |  |  | 2,146 |  |  | 1,061 |
|  | $ | 12,019 |  |  | $ | 12,053 |  |  | $ | 14,923 |
|  | August 31,
|  | 2021 |  | 2020
Assets: |  |  |  |
IT&S |  | $ | 641,256 |  |  | $ | 592,086 |
Other Operating Segment |  | 52,745 |  |  | 61,105 |
General Corporate |  | 126,246 |  |  | 171,103 |
|  | $ | 820,247 |  |  | $ | 824,294 |
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 equipme nt by geographic region (in thousands):
|  | Year Ended August 31,
|  | 2021 |  | 2020 |  | 2019
Net Sales: |  |  |  |  |  |
United States |  | $ | 188,070 |  |  | $ | 185,279 |  |  | $ | 249,644 |
United Kingdom |  | 39,896 |  |  | 24,033 |  |  | 30,127 |
Germany |  | 28,456 |  |  | 24,401 |  |  | 26,445 |
Australia |  | 24,990 |  |  | 19,332 |  |  | 25,749 |
Canada |  | 17,348 |  |  | 15,924 |  |  | 18,686 |
China |  | 16,927 |  |  | 15,058 |  |  | 18,548 |
Saudi Arabia |  | 16,715 |  |  | 19,787 |  |  | 21,625 |
Brazil |  | 13,937 |  |  | 16,413 |  |  | 18,779 |
All other |  | 182,321 |  |  | 173,065 |  |  | 245,155 |
|  | $ | 528,660 |  |  | $ | 493,292 |  |  | $ | 654,758 |
|  | August 31,
|  | 2021 |  | 2020
Property, Plant and Equipment, net: |  |  |  |
United States |  | $ | 18,942 |  |  | $ | 21,410 |
United Kingdom |  | 11,818 |  |  | 9,654 |
UAE |  | 6,448 |  |  | 7,525 |
Netherlands |  | 2,625 |  |  | 2,546 |
Brazil |  | 2,248 |  |  | 1,784 |
Kazakhstan |  | 1,552 |  |  | 2,052 |
Spain |  | 1,506 |  |  | 1,705 |
Australia |  | 751 |  |  | 1,014 |
China |  | 750 |  |  | 12,248 |
All other |  | 1,950 |  |  | 1,467 |
|  | $ | 48,590 |  |  | $ | 61,405 |
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 7.2%, 7.3% and 7.4% of total net sales from continuing operations in fiscal 2021, 2020 and 2019, 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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