Note 12 - Segment Information

3 Months Ended

Feb. 29, 2016

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 29, 2016
	Agricultural Products		Pressurized Vessels			Modular Buildings		Tools			Consolidated
Revenue from external customers	$	4,198,000	$	679,000		$	943,000	$	572,000		$	6,392,000
Income (loss) from operations		248,000		(72,000	)		9,000		(36,000	)	$	149,000
Income (loss) before tax		233,000		(75,000	)		7,000		(44,000	)	$	121,000
Total Assets		21,844,000		2,580,000			2,838,000		2,736,000		$	29,998,000
Capital expenditures		4,000		8,000			-		23,000		$	35,000
Depreciation & Amortization		128,000		29,000			15,000		30,000		$	202,000

	Three Months Ended February 28, 2015
	Agricultural Products		Pressurized Vessels			Modular Buildings			Tools			Consolidated
Revenue 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 tax		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