Segment Reporting

3 Months Ended

Apr. 30, 2011

Segment Reporting [Abstract]

Segment Reporting [Text Block]

Segment Reporting

The company has four business segments: Applied Technology Division, Engineered Films Division, Aerostar Division and Electronic Systems Division which are defined by their common technologies, production processes and inventories. Applied Technology has precision agriculture representatives on location in key geographic areas, including Canada, Europe, Ukraine and Australia. The company measures the performance of its segments based on their operating income exclusive of administrative and general expenses. Other income, interest expense and income taxes are not allocated to individual operating segments. Segment information is reported consistent with the company’s management reporting structure.

Intersegment sales were primarily from Electronic Systems to Applied Technology. Business segment results are as follows:

	Three Months Ended
	April 30, 2011			April 30, 2010
Net sales
Applied Technology	$	39,125		$	32,925
Engineered Films	30,091			25,633
Aerostar	15,139			11,693
Electronic Systems	19,477			16,288
Intersegment eliminations	(2,291		)	(1,509		)
Consolidated net sales	$	101,541		$	85,030
Operating income (loss)
Applied Technology	$	15,074		$	12,403
Engineered Films	4,129			4,127
Aerostar	4,062			2,164
Electronic Systems	3,412			3,124
Intersegment eliminations	12			(49		)
Total reportable segment income	26,689			21,769
Administrative and general expenses	(3,156		)	(2,264		)
Consolidated operating income	$	23,533		$	19,505