Note 16 - Segment Information

12 Months Ended

Nov. 30, 2011

Segment Reporting Disclosure [Text Block]

(16)        Segment Information

There are three reportable segments:  agricultural products, pressurized vessels and modular buildings.  The agricultural products segment fabricates and sells farming products as well as replacement parts for these products in the United States and worldwide.  The pressurized vessel segment produces and services pressurized tanks.  The modular building segment produces modular buildings for animal containment and various laboratory uses.

The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies.  Management evaluates the performance of each segment based on profit or loss from operations before income taxes, exclusive of nonrecurring gains and losses.

Approximate financial information with respect to the reportable segments is as follows.

	Twelve Months Ended November 30, 2011
	Agricultural Products		Pressurized Vessels			Modular Buildings			Consolidated
Revenue from  external customers	$	22,614,000	$	1,797,000		$	3,209,000		$	27,620,000
Gross Profit		6,481,000		(112,000	)		638,000			7,007,000
Operating Expense		4,053,000		336,000			688,000			5,077,000
Income from operations		2,428,000		(448,000	)		(50,000	)		1,930,000
Income before tax		2,378,000		(674,000	)		(123,000	)		1,581,000
Total Assets		19,965,000		2,768,000			3,122,000			25,855,000
Capital expenditures		569,000		100,000			423,000			1,092,000
Depreciation & Amortization		469,000		105,000			206,000			780,000

	Twelve Months Ended November 30, 2010
	Agricultural Products		Pressurized Vessels			Modular Buildings		Consolidated
Revenue from  external customers	$	20,586,000	$	1,534,000		$	6,831,000	$	28,951,000
Gross Profit		5,758,000		(185,000	)		1,236,000		6,809,000
Operating Expense		3,797,000		433,000			684,000		4,914,000
Income from operations		1,961,000		(618,000	)		552,000		1,895,000
Income before tax		1,927,000		(847,000	)		478,000		1,558,000
Total Assets		19,861,000		3,001,000			3,915,000		26,777,000
Capital expenditures		1,889,000		38,000			435,000		2,362,000
Depreciation & Amortization		508,000		105,000			103,000		716,000