XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.21.2

Industry Segment Information | 9 Months Ended
--- | ---
May 31, 2021
Segment Reporting [Abstract] |
Industry Segment Information | Note 13 – Industry Segment Information The Company manages its business activities in two reportable segments: irrigation and infrastructure. The Company evaluates the performance of its reportable segments based on segment revenues, 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 includes 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 included in the amounts disclosed. The Company had no single customer who represented 10 percent or more of its total revenues during the three or nine months ended May 31, 2021 or 2020. Irrigation - This reporting segment includes the manufacture and marketing of center pivot, lateral move and hose reel irrigation systems and large diameter steel tubing as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, irrigation consulting and design and industrial internet of things, or “IIoT”, solutions. The irrigation reporting segment consists of one operating segment. 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 infrastructure reporting segment consists of one operating segment. Certain immaterial reclassifications have been made to the prior year’s operating results to conform with the current year’s presentation, as revenues and operating income from certain product lines previously included within the infrastructure reporting segment are now included within the irrigation reporting segment.
|  | Three months ended |  |  | Nine months ended |
($ in thousands) |  | May 31, 2021 |  |  | May 31, 2020 |  |  | May 31, 2021 |  |  | May 31, 2020 |
Operating revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Irrigation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 87,364 |  |  | $ | 62,895 |  |  | $ | 220,332 |  |  | $ | 183,570 |
International |  |  | 52,811 |  |  |  | 32,606 |  |  |  | 125,772 |  |  |  | 88,751 |
Irrigation total |  |  | 140,175 |  |  |  | 95,501 |  |  |  | 346,104 |  |  |  | 272,321 |
Infrastructure |  |  | 21,761 |  |  |  | 27,605 |  |  |  | 67,894 |  |  |  | 73,966 |
Total operating revenues |  | $ | 161,936 |  |  | $ | 123,106 |  |  | $ | 413,998 |  |  | $ | 346,287 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 23,925 |  |  | $ | 15,417 |  |  | $ | 52,603 |  |  | $ | 35,282 |
Infrastructure |  |  | 3,767 |  |  |  | 8,157 |  |  |  | 14,364 |  |  |  | 22,788 |
Corporate |  |  | (6,351 | ) |  |  | (7,746 | ) |  |  | (22,283 | ) |  |  | (21,324 | )
Total operating income |  |  | 21,341 |  |  |  | 15,828 |  |  |  | 44,684 |  |  |  | 36,746 |
Interest and other expense, net |  |  | (187 | ) |  |  | (3,563 | ) |  |  | (2,087 | ) |  |  | (6,359 | )
Earnings before income taxes |  | $ | 21,154 |  |  | $ | 12,265 |  |  | $ | 42,597 |  |  | $ | 30,387 |
($ in thousands) |  | May 31, 2021 |  |  | May 31, 2020 |  |  | August 31, 2020 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 402,304 |  |  | $ | 313,216 |  |  | $ | 307,537 |
Infrastructure |  |  | 92,436 |  |  |  | 105,832 |  |  |  | 113,111 |
Corporate |  |  | 147,477 |  |  |  | 138,438 |  |  |  | 149,878 |
|  | $ | 642,217 |  |  | $ | 557,486 |  |  | $ | 570,526 |

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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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=120311839&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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration