Discontinued Operations

9 Months Ended

Oct. 31, 2011

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 15. Discontinued Operations

          During fiscal year 2009, the Company completed the exit of its retail business. Accordingly, all operations of the Company’s former retail segment and certain sold properties have been classified as discontinued operations for all periods presented. Once real estate property has been sold, and no continuing involvement is expected, the Company classifies the results of the operations as discontinued operations. The results of operations were previously reported in the Company’s retail or real estate segment, depending on when the store ceased operations. Below is a table reflecting certain items of the Consolidated Condensed Statements of Operations that were reclassified as discontinued operations for the periods indicated (amounts in thousands):

	Three Months Ended October 31,						Nine Months Ended October 31,
	2011			2010			2011			2010
Net sales and revenue	$	921		$	1,947		$	3,411		$	6,534
Cost of sales		150			592			588			2,165
Income before income taxes		343			704			1,595			2,227
Provision for income taxes		(129	)		(282	)		(620	)		(892	)
Income from discontinued operations, net of tax	$	214		$	422		$	975		$	1,335
Gain on disposal	$	429		$	253		$	695		$	284
Provision for income taxes		(162	)		(101	)		(270	)		(114	)
Gain on disposal of discontinued operations, net of tax	$	267		$	152		$	425		$	170