Segment Reporting

9 Months Ended

Oct. 31, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [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 net sales and operating income results are as follows:

	Three Months Ended							Nine Months Ended
	October 31, 2011			October 31, 2010				October 31, 2011			October 31, 2010
Net sales
Applied Technology	$	32,468		$	23,913			$	103,862		$	77,804
Engineered Films	34,947			29,772				97,497			81,525
Aerostar	10,533			15,945				36,533			36,833
Electronic Systems	17,308			17,754				53,315			52,109
Intersegment eliminations	(1,956		)	(1,561		)		(6,022		)	(4,244		)
Consolidated net sales	$	93,300		$	85,823			$	285,185		$	244,027
Operating income (loss)
Applied Technology	$	10,667		$	7,336			$	37,859		$	25,257
Engineered Films	5,574			6,908			(a)	14,987			16,578			(a)
Aerostar	1,807			3,606				8,053			7,115
Electronic Systems	2,293			2,297				8,012			8,234
Intersegment eliminations	(16		)	—				4			(47		)
Total reportable segment income	20,325			20,147				68,915			57,137
Administrative and general expenses	(3,450		)	(2,281		)		(9,833		)	(7,143		)
Consolidated operating income	$	16,875		$	17,866			$	59,082		$	49,994

(a) Includes a $451 pre-tax gain on disposition of assets.

The table below outlines the company assets by business segment:

	October 31, 2011			January 31, 2011			October 31, 2010
Total Assets
Applied Technology	$	59,376		$	52,669		$	48,462
Engineered Films	60,919			46,519			47,021
Aerostar	28,045			18,140			19,800
Electronic Systems	23,814			23,385			23,982
Intersegment eliminations	(182		)	(186		)	(140		)
Total reportable segments assets	171,972			140,527			139,125
Corporate and Other (b)	51,165			47,233			38,292
Consolidated assets	$	223,137		$	187,760		$	177,417

(b) Assets are principally cash, deferred taxes and other receivables.