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Noncontrolling Interest
3 Months Ended
Sep. 30, 2011
Noncontrolling Interest 
Noncontrolling Interest Disclosure [Text Block]

Note 6:  Noncontrolling Interest in Discontinued Operations

 

Causey Lyon Enterprises (CLE) was the 35% owner of the B&B Roadway joint venture; per the joint venture agreement, CLE manufactured all products for B&B Roadway, and was also one of several outsourced fabrication vendors for B&B ARMR.  B&B ARMR’s investment in the joint venture was sold on January 31, as described in Note 15 to the consolidated financial statements in the Annual Report on Form 10-K for the year ended June 30, 2011.

 

Changes in noncontrolling interest in discontinued operations for the three months ended September 30, 2011 and 2010 were as follows:

 

 

For the Three Months

Ended

September 30,

 

2011

 

2010

Beginning balance

$

 

$

(63,610)

Income from discontinued operations attributable to noncontrolling interest

 

 

 

(92,271)

Distributions paid to noncontrolling interest

 

 

 

50,050 

Ending balance

$

 

$

(105,831)