XML 104 R26.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Industry Segment Information | 12 Months Ended
--- | ---
Aug. 31, 2015
Industry Segment Information [Abstract] |
Industry Segment Information | Q. INDUSTRY SEGMENT INFORMATION The Company manages its business activities in two reportable segments: Irrigation and Infrastructure. The accounting policies of the two reportable segments are the same as those described in Note A, Description of Business and Significant Accounting Policies. The Company evaluates the performance of its reportable segments based on segment sales, gross profit, and operating income, with operating income for segment purposes excluding unallocated corporate general and administrative expenses, interest income, interest expense, other income and expenses, and income taxes. Operating income for segment purposes does include general and administrative expenses, selling expenses, engineering and research expenses and other overhead charges directly attributable to the segment. There are no inter-segment sales. Irrigation This reporting segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems as well as various water pumping stations, controls, filtration solutions and M2M technology. The irrigation reporting segment consists of five operating segments that have similar economic characteristics and meet the aggregation criteria, including similar products, production processes, type or class of customer and methods for distribution. Infrastructure This reporting segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment; the manufacturing and selling of large diameter steel tubing and railroad signals and structures; and providing outsourced manufacturing and production services. The infrastructure reporting segment consists of one operating segment. The Company has no single major customer representing 10 percent or more of its total revenues during fiscal 2015, 2014, or 2013. Summarized financial information concerning the Company’s reportable segments is shown in the following tables:
$ in thousands |  | 2015 |  | 2014 |  | 2013
Operating revenues: |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 451,205 |  | $ | 539,943 |  | $ | 625,996
Infrastructure |  |  | 108,976 |  |  | 77,990 |  |  | 64,852
Total operating revenues |  | $ | 560,181 |  | $ | 617,933 |  | $ | 690,848
Operating income: |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 50,765 |  | $ | 91,697 |  | $ | 125,395
Infrastructure |  |  | 20,049 |  |  | 3,511 |  |  | (811)
Segment operating income |  | $ | 70,814 |  | $ | 95,208 |  | $ | 124,584
Unallocated general and administrative expenses |  |  | (20,119) |  |  | (16,850) |  |  | (17,523)
Interest and other income (expense), net |  |  | (3,944) |  |  | 297 |  |  | 246
Earnings before income taxes |  | $ | 46,751 |  | $ | 78,655 |  | $ | 107,307
Total Capital Expenditures: |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 12,573 |  | $ | 15,534 |  | $ | 10,687
Infrastructure |  |  | 2,671 |  |  | 2,181 |  |  | 449
|  | $ | 15,244 |  | $ | 17,715 |  | $ | 11,136
Total Depreciation and Amortization: |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 11,446 |  | $ | 9,494 |  | $ | 7,147
Infrastructure |  |  | 4,966 |  |  | 5,299 |  |  | 5,453
|  | $ | 16,412 |  | $ | 14,793 |  | $ | 12,600
Total Assets: |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 429,224 |  | $ | 407,447 |  | $ | 391,527
Infrastructure |  |  | 107,244 |  |  | 119,104 |  |  | 120,769
|  | $ | 536,468 |  | $ | 526,551 |  | $ | 512,296
Summarized financial information concerning the Company’s geographical areas is shown in the following tables.
|  |  | For the years ended August 31,
$ in thousands |  |  | 2015 |  |  | 2014 |  |  | 2013
|  | Revenues |  | % of Total |  | Revenues |  | % of Total |  | Revenues |  | % of Total
United States |  | $ | 350,290 |  | 63 |  | $ | 377,652 |  | 61 |  | $ | 428,929 |  | 62
International |  |  | 209,891 |  | 37 |  |  | 240,281 |  | 39 |  |  | 261,919 |  | 38
Total Revenues |  | $ | 560,181 |  | 100 |  | $ | 617,933 |  | 100 |  | $ | 690,848 |  | 100
|  |  | For the years ended August 31,
$ in thousands |  |  | 2015 |  |  | 2014 |  |  | 2013
|  | Long-Lived Tangible Assets |  | % of Total |  | Long-Lived Tangible Assets |  | % of Total |  | Long-Lived Tangible Assets |  | % of Total
United States |  | $ | 61,332 |  | 78 |  | $ | 55,378 |  | 76 |  | $ | 53,894 |  | 83
International |  |  | 17,324 |  | 22 |  |  | 17,079 |  | 24 |  |  | 11,170 |  | 17
Total Long-Lived Assets |  | $ | 78,656 |  | 100 |  | $ | 72,457 |  | 100 |  | $ | 65,064 |  | 100

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration