Note 12 - Segment Information

6 Months Ended

May. 31, 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 May 31, 2015
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	6,365,000	$	476,000		$	409,000		$	554,000		$	7,804,000
Income (loss) from operations		579,000		(5,000	)		(97,000	)		(63,000	)	$	414,000
Income (loss) before tax		538,000		(11,000	)		(104,000	)		(69,000	)	$	354,000
Total Assets		25,330,000		2,765,000			2,659,000			3,034,000		$	33,788,000
Capital expenditures		55,000		-			(2,000	)		5,000		$	58,000
Depreciation & Amortization		126,000		29,000			52,000			30,000		$	237,000

	Three Months Ended May 31, 2014
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	7,562,000	$	475,000		$	537,000		$	895,000		$	9,469,000
Income (loss) from operations		599,000		(77,000	)		(114,000	)		36,000		$	444,000
Income (loss) before tax		542,000		(85,000	)		(120,000	)		(2,000	)	$	335,000
Total Assets		26,147,000		2,715,000			2,708,000			3,438,000		$	35,008,000
Capital expenditures		162,000		16,000			-			1,000		$	179,000
Depreciation & Amortization		136,000		27,000			37,000			28,000		$	228,000

	Six Months Ended May 31, 2015
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue from external customers	$	11,681,000	$	1,003,000		$	1,058,000		$	1,351,000		$	15,093,000
Income (loss) from operations		1,018,000		(66,000	)		(164,000	)		(45,000	)	$	743,000
Income (loss) before tax		937,000		(78,000	)		(177,000	)		(83,000	)	$	599,000
Total Assets		25,330,000		2,765,000			2,659,000			3,034,000		$	33,788,000
Capital expenditures		133,000		2,000			-			5,000		$	140,000
Depreciation & Amortization		266,000		53,000			85,000			59,000		$	463,000

	Six Months Ended May 31, 2014
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools		Consolidated
Revenue from external customers	$	12,004,000	$	898,000		$	998,000		$	1,806,000	$	15,706,000
Income (loss) from operations		396,000		(109,000	)		(240,000	)		102,000	$	149,000
Income (loss) before tax		301,000		(125,000	)		(249,000	)		64,000	$	(9,000	)
Total Assets		26,147,000		2,715,000			2,708,000			3,438,000	$	35,008,000
Capital expenditures		574,000		27,000			-			10,000	$	611,000
Depreciation & Amortization		256,000		54,000			74,000			57,000	$	441,000