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Discontinued Operations
3 Months Ended
Aug. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

NOTE 3    Discontinued Operations

During September 2014, the Corporation made a strategic decision to exit the recreational vehicle industry in order to focus on its core housing business. As a result, on October 7, 2014, the Corporation completed the sale of certain assets associated with its recreational vehicle segment to Evergreen Recreational Vehicles, LLC.

The following table summarizes the results of discontinued operations:

 

     Three-Months Ended
August 31,
 
     2016      2015  
     (Unaudited)  
     (Dollars in thousands)  

Net Sales

   $ —         $ 21   
  

 

 

    

 

 

 

Operating income of discontinued operations

   $ —         $ 61   
  

 

 

    

 

 

 

Income before income taxes

     —           61   

Income tax expense

     —           —     
  

 

 

    

 

 

 

Income from discontinued operations, net of taxes

   $ —         $ 61