(13) Industry Segment Information

The Company manages its business activities in two reportable segments:

Irrigation: This reporting segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems as well as various water pumping stations and controls. The irrigation reporting segment consists of twelve operating segments that have similar economic characteristics and meet the aggregation criteria, including similar products, production processes, type or class of customer and methods for distribution.

Infrastructure: This reporting segment includes the manufacture and marketing of moveable barriers, specialty barriers and crash cushions; providing outsource manufacturing services and the manufacturing and selling of large diameter steel tubing and railroad signals and structures. The infrastructure reporting segment consists of three operating segments that have similar economic characteristics and meet the aggregation criteria.

The Company evaluates the performance of its reportable segments based on segment sales, gross profit, and operating income, with operating income for segment purposes excluding unallocated corporate general and administrative expenses, interest income, interest expense, other income and expenses, and income taxes. Operating income for segment purposes does include general and administrative expenses, selling expenses, engineering and research expenses, environmental remediation expenses and other overhead charges directly attributable to the segment. There are no inter-reporting segment sales.

The Company had no single customer representing 10 percent or more of its total revenues during the three months ended November 30, 2011 and 2010. Summarized financial information concerning the Company's reportable segments is shown in the following table:

		September 30,			September 30,
	Three months ended
	November 30,
$ in thousands	2011			2010
Operating revenues:
Irrigation	$	100,776		$	60,009
Infrastructure		18,429			29,157

Total operating revenues	$	119,205		$	89,166


Operating income:
Irrigation (1)	$	9,785		$	5,901
Infrastructure (1)		(1,177	)		4,025
Segment operating income (1)		8,608			9,926
Unallocated general and administrative expenses		(3,525	)		(3,316	)
Other expense, net		(642	)		(33	)

Earnings before income taxes	$	4,441		$	6,577


Total Capital Expenditures:
Irrigation	$	2,036		$	856
Infrastructure		596			628

	$	2,632		$	1,484


Total Depreciation and Amortization:
Irrigation	$	1,670		$	1,352
Infrastructure		1,455			1,574

	$	3,125		$	2,926

(1)

Environmental remediation expenses of $6.1 and $1.1 million were allocated to the irrigation segment and the infrastructure segment, respectively, for the three months ended November 30, 2011. Environmental remediation expenses of $0.6 and $0.1 million were allocated to the irrigation segment and the infrastructure segment, respectively, for the three months ended November 30, 2010.

		September 30,		September 30,		September 30,
	November 30		November 30		August 31,
$ in thousands	2011		2010		2010
Total Assets:
Irrigation	$	270,395	$	214,148	$	267,275
Infrastructure		113,687		111,618		113,869

	$	384,082	$	325,766	$	381,144