Note 13 - Segment Information

3 Months Ended

May 31, 2012

Segment Reporting Disclosure [Text Block]

(13) 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 pressurized tanks.  The modular building segment manufactures and installs 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.

	Agricultural Products	Pressurized Vessels	Modular Buildings	Consolidated
Revenue from external customers	$8,006,000	$617,000	$3,062,000	$11,685,000
Income (loss) from operations	1,038,000	(30,000)	485,000	1,493,000
Income (loss) before tax	1,024,000	(87,000)	468,000	1,405,000
Total Assets	25,014,000	2,791,000	7,310,000	35,115,000
Capital expenditures	1,563,000	(9,000)	7,000	1,561,000
Depreciation & Amortization	121,000	29,000	53,000	203,000

Three Months Ended May 31, 2011

	Agricultural Products	Pressurized Vessels	Modular Buildings	Consolidated
Revenue from  external customers	$6,664,000	$402,000	$779,000	$7,845,000
Income (loss) from operations	722,000	(117,000)	(57,000)	548,000
Income (loss) before tax	697,000	(175,000)	(74,000)	448,000
Total Assets	21,514,000	3,277,000	3,580,000	28,371,000
Capital expenditures	197,000	70,000	127,000	394,000
Depreciation & Amortization	127,000	26,000	69,000	222,000

Six Months Ended May 31, 2012

	Agricultural Products	Pressurized Vessels	Modular Buildings	Consolidated
Revenue from external customers	$11,994,000	$946,000	$5,057,000	$17,997,000
Income (loss) from operations	1,174,000	(118,000)	800,000	1,856,000
Income (loss) before tax	1,161,000	(231,000)	763,000	1,693,000
Total Assets	25,014,000	2,791,000	7,310,000	35,115,000
Capital expenditures	1,640,000	5,000	22,000	1,667,000
Depreciation & Amortization	245,000	57,000	106,000	408,000

Six Months Ended May 31, 2011

	Agricultural Products	Pressurized Vessels	Modular Buildings	Consolidated
Revenue from  external customers	$10,321,000	$965,000	$1,224,000	$12,510,000
Income (loss) from operations	472,000	(320,000)	(262,000)	(110,000)
Income (loss) before tax	453,000	(435,000)	(299,000)	(281,000)
Total Assets	21,514,000	3,277,000	3,580,000	28,371,000
Capital expenditures	266,000	87,000	310,000	663,000
Depreciation & Amortization	252,000	52,000	98,000	402,000