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Industry Segment Information | 12 Months Ended
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May 31, 2014
Segment Reporting [Abstract] |
Industry Segment Information |
NOTE 16 |  | Industry Segment Information
The Corporation designs, produces and markets manufactured housing, modular housing and recreational vehicles (travel trailers, fifth wheels and park models). Manufactured housing represents homes built according to a national building code; modular housing represents homes built to a local building code. The percentage allocation of manufactured housing, modular housing and recreational vehicle net sales is:
|  | Year Ended May 31, |
|  | 2014 |  |  | 2013 |
Domestic Manufactured Housing |  |  | 63 | % |  |  | 49 | %
Modular Housing |  |  |  |  |  |  |  |
Domestic |  |  | 10 |  |  |  | 11 |
Canadian |  |  | 3 |  |  |  | 3 |
|  |  | 13 |  |  |  | 14 |
Total Housing |  |  | 76 |  |  |  | 63 |
Recreational Vehicles |  |  |  |  |  |  |  |
Domestic |  |  | 20 |  |  |  | 30 |
Canadian |  |  | 4 |  |  |  | 7 |
Total Recreational Vehicles |  |  | 24 |  |  |  | 37 |
|  |  | 100 | % |  |  | 100 | %
Total operating loss represents operating losses before interest expense, interest income and benefit from income taxes with non-traceable operating expenses being allocated to industry segments based on percentages of net sales. General corporate expenses are not allocated to the industry segments. Identifiable assets, depreciation and capital expenditures, by industry segment, are those items that are used in operations in each industry segment, with jointly used items being allocated based on a percentage of net sales.
|  | Year Ended May 31, |
|  | 2014 |  |  | 2013 |
|  | (Dollars in thousands) |
NET SALES |  |  |  |  |  |  |  |
Domestic Manufactured Housing |  | $ | 120,830 |  |  | $ | 87,380 |
Modular Housing |  |  |  |  |  |  |  |
Domestic |  |  | 19,884 |  |  |  | 18,562 |
Canadian |  |  | 5,150 |  |  |  | 5,162 |
|  |  | 25,034 |  |  |  | 23,724 |
Total Housing |  |  | 145,864 |  |  |  | 111,104 |
Recreational Vehicles |  |  |  |  |  |  |  |
Domestic |  |  | 38,082 |  |  |  | 53,267 |
Canadian |  |  | 7,784 |  |  |  | 13,203 |
Total Recreational Vehicles |  |  | 45,866 |  |  |  | 66,470 |
Total Net sales |  | $ | 191,730 |  |  | $ | 177,574 |
LOSS BEFORE INCOME TAXES |  |  |  |  |  |  |  |
Operating Loss |  |  |  |  |  |  |  |
Housing |  | $ | (6,128 | ) |  | $ | (6,867 | )
Recreational vehicles |  |  | (4,951 | ) |  |  | (3,444 | )
General corporate expense |  |  | (1,520 | ) |  |  | (1,907 | )
Gain on sale of idle property, plant and equipment |  |  | 706 |  |  |  | 1,641 |
Total operating loss |  |  | (11,893 | ) |  |  | (10,577 | )
Interest expense |  |  | (71 | ) |  |  | — |
Interest income |  |  | 100 |  |  |  | 64 |
Loss before income taxes |  | $ | (11,864 | ) |  | $ | (10,513 | )
IDENTIFIABLE ASSETS |  |  |  |  |  |  |  |
Operating assets |  |  |  |
Housing |  | $ | 51,625 |  |  | $ | 45,072 |
Recreational vehicles |  |  | 14,129 |  |  |  | 18,855 |
Total operating assets |  |  | 65,754 |  |  |  | 63,927 |
U.S. Treasury bills |  |  | — |  |  |  | 4,000 |
Total assets |  | $ | 65,754 |  |  | $ | 67,927 |
DEPRECIATION |  |  |  |  |  |  |  |
Housing |  | $ | 1,359 |  |  | $ | 1,490 |
Recreational vehicles |  |  | 357 |  |  |  | 512 |
Total depreciation |  | $ | 1,716 |  |  | $ | 2,002 |
CAPITAL EXPENDITURES |  |  |  |
Housing |  | $ | 722 |  |  | $ | 48 |
Recreational vehicles |  |  | 31 |  |  |  | 27 |
Total capital expenditures |  | $ | 753 |  |  | $ | 75 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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