Segment Reporting

6 Months Ended

Jul. 31, 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						Six Months Ended
	July 31, 2011			July 31, 2010			July 31, 2011			July 31, 2010
Net sales
Applied Technology	$	32,269		$	20,966		$	71,394		$	53,891
Engineered Films	32,459			26,120			62,550			51,753
Aerostar	10,861			9,195			26,000			20,888
Electronic Systems	16,530			18,067			36,007			34,355
Intersegment eliminations	(1,775		)	(1,174		)	(4,066		)	(2,683		)
Consolidated net sales	$	90,344		$	73,174		$	191,885		$	158,204
Operating income (loss)
Applied Technology	$	12,118		$	5,518		$	27,192		$	17,921
Engineered Films	5,284			5,543			9,413			9,670
Aerostar	2,184			1,345			6,246			3,509
Electronic Systems	2,307			2,813			5,719			5,937
Intersegment eliminations	8			2			20			(47		)
Total reportable segment income	21,901			15,221			48,590			36,990
Administrative and general expenses	(3,227		)	(2,598		)	(6,383		)	(4,862		)
Consolidated operating income	$	18,674		$	12,623		$	42,207		$	32,128