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Discontinued Operations
 6 Months Ended
Nov. 30, 2015
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 November 30,      Six-Months Ended November 30,  
         2015              2014              2015              2014      
     (Dollars in thousands)      (Dollars in thousands)  

Net Sales

    $ 45       $ 1,890       $ 66       $ 9,715   
  

 

 

     

 

 

     

 

 

     

 

 

  

Operating (loss) income of discontinued operations

    $ (42 )     $ (3,294 )     $ 19       $ (5,858 ) 

Loss on disposal of discontinued operations

      —           (231 )       —           (231 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

(Loss) income before income taxes

      (42 )       (3,525 )       19         (6,089 ) 

Income tax expense

      —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

(Loss) income from discontinued operations, net of taxes

    $ (42 )     $ (3,525 )     $ 19       $ (6,089 )