Industry Segment Information (Tables)

9 Months Ended

Jul. 31, 2013

Industry Segment Information [Abstract]

Schedule of segment reporting information, by segment

The table below presents information about reported segments for the three and nine months ended July 31:

2013 Quarter 3	Printing			Office Products & Furniture			Total
Revenues	$	10,435,991		$	9,064,858		$	19,500,849
Elimination of intersegment revenue		(534,200	)		(999,360	)		(1,533,560	)
Consolidated revenues	$	9,901,791		$	8,065,498		$	17,967,289
Operating (loss) income		(400,441	)		98,363			(302,078	)
Depreciation & amortization		492,794			52,350			545,144
Capital expenditures		60,093			-			60,093
Identifiable assets		18,819,212			7,179,106			25,998,318
Goodwill		-			1,230,485			1,230,485

2012 Quarter 3	Printing			Office Products & Furniture			Total
Revenues	$	13,816,689		$	11,147,025		$	24,963,714
Elimination of intersegment revenue		(1,307,914	)		(1,332,806	)		(2,640,720	)
Consolidated revenues	$	12,508,775		$	9,814,219		$	22,322,994
Operating (loss) income		(844,985	)		305,681			(539,304	)
Depreciation & amortization		603,694			55,378			659,072
Capital expenditures		116,586			9,201			125,787
Identifiable assets		26,298,068			7,612,838			33,910,906
Goodwill		2,226,837			1,230,485			3,457,322

19

Champion Industries, Inc. and Subsidiaries

Notes to Consolidated Financial Statements (Unaudited) (continued)

2013 Year to Date	Printing			Office Products & Furniture			Total
Revenues	$	34,472,541		$	26,006,874		$	60,479,415
Elimination of intersegment revenue		(2,257,882	)		(3,707,785	)		(5,965,667	)
Consolidated revenues	$	32,214,659		$	22,299,089		$	54,513,748
Operating (loss) income		(2,488,542	)		602,494			(1,886,048	)
Depreciation & amortization		1,476,625			162,450			1,639,075
Capital expenditures		348,675			1,483			350,158
Identifiable assets		18,819,212			7,179,106			25,998,318
Goodwill		-			1,230,485			1,230,485

2012 Year to Date	Printing			Office Products & Furniture			Total
Revenues	$	43,673,027		$	31,441,048		$	75,114,075
Elimination of intersegment revenue		(3,350,235	)		(4,309,609	)		(7,659,844	)
Consolidated revenues	$	40,322,792		$	27,131,439		$	67,454,231
Operating income (loss)		(1,481,809	)		1,595,919			114,110
Depreciation & amortization		1,826,113			150,639			1,976,752
Capital expenditures		437,590			43,022			480,612
Identifiable assets		26,298,068			7,612,838			33,910,906
Goodwill		2,226,837			1,230,485			3,457,322

Reconciliation of total segment revenue, assets and operating (loss) income

A reconciliation of total segment revenues and of total segment operating (loss) income to consolidated (loss) before income taxes, for the three and nine months ended July 31, 2013 and 2012, is as follows:

		Three months				Nine months
		2013		2012		2013		2012
Revenue:
Total segment revenues	$	19,500,849	$	24,963,714	$	60,479,415	$	75,114,075
Elimination of intersegment revenue		(1,533,560	)	(2,640,720	)	(5,965,667	)	(7,659,844)
Consolidated revenue	$	17,967,289	$	22,322,994	$	54,513,748	$	67,454,231
Operating (loss) income:
Total segment operating (loss) income	$	(302,078	)   $	(539,304	)   $	(1,886,048	)   $	114,110
Interest expense - related party		(20,764	)	(16,611	)	(61,615	)	(39,000)
Interest expense		(1,142,212	)	(946,185	)	(3,742,989	)	(2,254,555)
Other (expense) income		17,188		(10,933	)	38,182		21,186
Consolidated (loss) before income taxes	$	(1,447,866	)   $	(1,513,033	)   $	(5,652,470	)   $	(2,158,259)
Identifiable assets:
Total segment identifiable assets	$	25,998,318	$	33,910,906	$	25,998,318	$	33,910,906
Assets not allocated to a segment		520,912		17,306,493		520,912		17,306,493
Total consolidated assets	$	26,519,230	$	51,217,399	$	26,519,230	$	51,217,399