Note 15 - Segment Information

12 Months Ended

Nov. 30, 2014

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(15)    

Segment Information

There are four reportable segments: agricultural products, pressurized vessels, modular buildings, and tools. 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 tools segment manufactures steel cutting tools and inserts.

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.

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

	Twelve Months Ended November 30, 2014
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	27,952,000	$	1,736,000		$	2,965,000		$	3,517,000		$	36,170,000
Gross Profit		7,150,000		39,000			626,000			910,000		$	8,725,000
Operating Expense		5,051,000		351,000			768,000			890,000		$	7,060,000
Income (loss) from operations		2,099,000		(312,000	)		(142,000	)		20,000		$	1,665,000
Income (loss) before tax		1,842,000		(341,000	)		(165,000	)		(33,000	)	$	1,303,000
Total Assets		24,587,000		2,548,000			2,503,000			3,210,000		$	32,846,000
Capital expenditures		581,000		27,000			-			25,000		$	633,000
Depreciation & Amortization		537,000		108,000			146,000			116,000		$	907,000

	Twelve Months Ended November 30, 2013
	Agricultural Products		Pressurized Vessels			Modular Buildings		Tools		Consolidated
Revenue from external customers	$	28,199,000	$	2,137,000		$	3,240,000	$	651,000	$	34,227,000
Gross Profit		6,508,000		234,000			1,441,000		183,000	$	8,366,000
Operating Expense		5,275,000		360,000			769,000		145,000	$	6,549,000
Income (loss) from operations		1,234,000		(127,000	)		672,000		38,000	$	1,817,000
Income (loss) before tax		1,718,000		(221,000	)		680,000		29,000	$	2,206,000
Total Assets		23,279,000		2,758,000			3,092,000		3,639,000	$	32,768,000
Capital expenditures		776,000		41,000			20,000		5,000	$	842,000
Depreciation & Amortization		413,000		105,000			158,000		28,000	$	704,000