Industry Segment Information

3 Months Ended

Mar. 03, 2012

Industry Segment Information

Industry Segment Information

3.     Industry Segment Information

Griffin defines its reportable segments by their products and services, which are comprised of the real estate and landscape nursery segments. Management operates and receives reporting based upon these segments. Griffin has no operations outside the United States. Griffin’s export sales and transactions between segments are not material.

	For the 13 Weeks Ended,
	March 3, 2012			February 26, 2011
Total net sales and other revenue:
Rental revenue and property sales	$	4,413		$	4,406
Landscape nursery net sales and other revenue	200			183
	$	4,613		$	4,589
Operating profit (loss):
Real estate	$	728		$	54
Landscape nursery	(643		)	(1,202		)
Industry segment totals	85			(1,148		)
General corporate expense	(1,360		)	(1,415		)
Operating loss	(1,275		)	(2,563		)
Interest expense	(875		)	(1,076		)
Investment income	387			11
Loss before income tax benefit	$	(1,763	)	$	(3,628	)

The above table reflects the net sales and other revenue and operating profit/loss included in continuing operations on Griffin’s consolidated statements of operations. Operating results of the Manchester, Connecticut warehouse and the gain on the sale of that building are included in the results of the discontinued operation on Griffin’s consolidated statements of operations (see Note 2).

Continuing operations of the real estate segment had no revenue from property sales in either the 2012 first quarter or the 2011 first quarter. Other revenue of the landscape nursery segment includes $118 and $117 in the 2012 first quarter and 2011 first quarter, respectively, from the rental of Imperial’s Florida farm. Imperial shut down operations on its Florida farm in fiscal 2009.

Identifiable assets:	March 3, 2012		December 3, 2011
Real estate	$	145,474	$	140,409
Landscape nursery	23,008		21,303
Industry segment totals	168,482		161,712
General corporate	9,664		14,963
Total assets	$	178,146	$	176,675