Note 12 - Segment Information

3 Months Ended

Feb. 28, 2013

Segment Reporting Disclosure [Text Block]

(12) 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 vessels segment produces pressurized tanks.  The modular buildings 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.

Three Months and Year-to-Date Ended February 28, 2013

	Agricultural Products		Pressurized Vessels			Modular Buildings		Consolidated
Revenue from external customers	$	7,004,000	$	394,000		$	1,017,000	$	8,415,000
Income (loss) from operations		561,000		(123,000	)		275,000		713,000
Income (loss) before tax		1,176,000		(176,000	)		261,000		1,261,000
Total Assets		26,697,000		2,707,000			3,328,000		32,732,000
Capital expenditures		139,000		4,000			1,000		144,000
Depreciation & Amortization		151,000		26,000			22,000		199,000

Three Months and Year-to-Date Ended February 29, 2012

	Agricultural  Products		Pressurized Vessels			Modular Buildings		Consolidated
Revenue from external customers	$	3,988,000	$	330,000		$	1,994,000	$	6,312,000
Income (loss) from operations		136,000		(88,000	)		314,000		362,000
Income (loss) before tax		137,000		(144,000	)		296,000		289,000
Total Assets		20,633,000		2,773,000			4,756,000		28,162,000
Capital expenditures		77,000		14,000			15,000		106,000
Depreciation & Amortization		124,000		29,000			53,000		206,000