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Industry Segment Information (Tables)
12 Months Ended
Aug. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

($ in thousands)

 

2023

 

 

2022

 

 

2021

 

Operating revenues:

 

 

 

 

 

 

 

 

 

Irrigation:

 

 

 

 

 

 

 

 

 

North America

 

$

309,538

 

 

$

355,683

 

 

$

273,871

 

International

 

 

276,493

 

 

 

310,146

 

 

 

197,487

 

Irrigation total

 

 

586,031

 

 

 

665,829

 

 

 

471,358

 

Infrastructure

 

 

88,053

 

 

 

104,914

 

 

 

96,288

 

Total operating revenues

 

$

674,084

 

 

$

770,743

 

 

$

567,646

 

 

 

 

 

 

 

 

 

 

 

Operating income:

 

 

 

 

 

 

 

 

 

Irrigation

 

$

121,969

 

 

$

105,763

 

 

$

63,181

 

Infrastructure

 

 

12,067

 

 

 

18,328

 

 

 

20,174

 

Corporate

 

 

(31,852

)

 

 

(29,448

)

 

 

(29,248

)

Total operating income

 

 

102,184

 

 

 

94,643

 

 

 

54,107

 

 

 

 

 

 

 

 

 

 

 

Total other expense

 

 

(1,809

)

 

 

(6,775

)

 

 

(3,721

)

Earnings before income taxes

 

$

100,375

 

 

$

87,868

 

 

$

50,386

 

 

 

 

 

 

 

 

 

 

 

Total capital expenditures:

 

 

 

 

 

 

 

 

 

Irrigation

 

$

13,043

 

 

$

10,679

 

 

$

19,188

 

Infrastructure

 

 

5,287

 

 

 

3,798

 

 

 

6,866

 

Corporate

 

 

445

 

 

 

1,118

 

 

 

457

 

 

 

$

18,775

 

 

$

15,595

 

 

$

26,511

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Irrigation

 

$

12,834

 

 

$

13,011

 

 

$

12,245

 

Infrastructure

 

 

4,023

 

 

 

3,781

 

 

 

3,748

 

Corporate

 

 

2,425

 

 

 

3,386

 

 

 

3,183

 

 

 

$

19,282

 

 

$

20,178

 

 

$

19,177

 

Schedule of Revenue and Long-Lived Assets by Geographical Areas

 

 

For the years ended August 31,

($ in thousands)

 

2023

 

2022

 

2021

 

 

Revenues

 

% of total

 

Revenues

 

% of total

 

Revenues

 

% of total

United States

 

$347,238

 

52

 

$394,080

 

51

 

$307,313

 

54

International

 

326,846

 

48

 

376,663

 

49

 

260,333

 

46

Total revenues

 

$674,084

 

100

 

$770,743

 

100

 

$567,646

 

100

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2023

 

 

2022

 

 

2021

 

 

 

Long-lived
tangible
assets

 

 

% of total

 

 

Long-lived
tangible
assets

 

 

% of total

 

 

Long-lived
tangible
assets

 

 

% of total

 

United States

 

$

76,428

 

 

 

77

 

 

$

70,643

 

 

 

75

 

 

$

68,526

 

 

 

74

 

International

 

 

23,253

 

 

 

23

 

 

 

23,829

 

 

 

25

 

 

 

23,471

 

 

 

26

 

Total long-lived assets

 

$

99,681

 

 

 

100

 

 

$

94,472

 

 

 

100

 

 

$

91,997

 

 

 

100