Note 12 - Segment Information

3 Months Ended

Feb. 28, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12) 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 related equipment and replacement parts for these products in the United States and worldwide. The pressurized vessels segment produces and services pressurized tanks. The modular buildings segment manufactures and installs 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, exclusive of nonrecurring gains and losses.

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

Three Months Ended February 28, 2015

	Agricultural Products		Pressurized Vessels		Modular Buildings		Tools		Consolidated
Net Sales from external customers	$	5,315,000	$	527,000	$	650,000	$	797,000	$	7,289,000
Income (loss) from operations		439,000		(61,000)		(67,000)		18,000		329,000
Income (loss) before taxes		399,000		(67,000)		(73,000)		(14,000)		245,000
Total Assets		25,519,000		2,607,000		2,884,000		3,166,000		34,176,000
Capital expenditures		78,000		2,000		2,000		5,000		87,000
Depreciation & Amortization		140,000		27,000		33,000		29,000		229,000

Three Months Ended February 28, 2014

	Agricultural Products		Pressurized Vessels		Modular Buildings		Tools		Consolidated
Revenue from external customers	$	4,441,000	$	424,000	$	461,000	$	911,000	$	6,237,000
Income (loss) from operations		(202,000)		(32,000)		(127,000)		66,000		(295,000)
Income (loss) before tax		(240,000)		(40,000)		(129,000)		66,000		(343,000)
Total Assets		25,019,000		2,687,000		2,573,000		3,488,000		33,766,000
Capital expenditures		412,000		11,000		0		9,000		432,000
Depreciation & Amortization		120,000		27,000		37,000		29,000		213,000