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Note 1 - Description of the Company
9 Months Ended
Aug. 31, 2017
Notes to Financial Statements  
Nature of Operations [Text Block]
1
)
Description of the Company
 
Unless otherwise
specified, as used in this Quarterly Report on Form
10
-Q, the terms “we,” “us,” “our,” “Art’s-Way,” and the “Company,” refer to Art’s-Way Manufacturing Co., Inc., a Delaware corporation headquartered in Armstrong, Iowa, and its wholly-owned subsidiaries.
 
We began operations as a farm equipment manufacturer in
1956.
Since that time, we have become a major worldwide manufacturer of agricultural equipment. Our principal manufacturing plant is
located in Armstrong, Iowa.
 
We have organized our business into
three
operating segments. Management separately evaluates the financial results of each segment because each is a strategic business unit offering different products and requiring different technology and marketing strategies. Our agricultural products segment (“Manufacturing”) manufactures farm equipment under the Art’s-Way Manufacturing label and private labels. Our modular buildings segment (“Scientific”) manufactures modular buildings for various uses, commonly animal containment and research laboratories and our tools segment (“Metals”) manufactures steel cutting tools and inserts. During the
third
quarter of fiscal
2016,
we discontinued our pressurized vessels segment (“Vessels”) that manufactured pressurized vessels. For more information on discontinued operations, see Note
3
“Discontinued Operations.” For detailed financial information relating to segment reporting, see Note
13
“Segment Information.”