Note 12 - Segment Information

6 Months Ended

May 31, 2013

Segment Reporting Disclosure [Text Block]

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 related equipment and 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 Ended May 31, 2013

	Agricultural Products	Pressurized Vessels	Modular Buildings	Consolidated
Revenue from external customers	$7,716,000	$642,000	$892,000	$9,250,000
Income (loss) from operations	568,000	(12,000)	243,000	799,000
Income (loss) before tax	517,000	(38,000)	231,000	710,000
Total Assets	25,531,000	2,891,000	3,024,000	31,446,000
Capital expenditures	58,000	5,000	3,000	66,000
Depreciation & Amortization	96,000	26,000	49,000	171,000

Three Months Ended May 31, 2012

	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

Six Months Ended May 31, 2013

	Agricultural Products	Pressurized Vessels	Modular Buildings	Consolidated
Revenue from external customers	$14,720,000	$1,036,000	$1,909,000	$17,665,000
Income (loss) from operations	1,129,000	(135,000)	518,000	1,512,000
Income (loss) before tax	1,693,000	(214,000)	492,000	1,971,000
Total Assets	25,531,000	2,891,000	3,024,000	31,446,000
Capital expenditures	197,000	9,000	4,000	210,000
Depreciation & Amortization	247,000	52,000	71,000	370,000

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