XML 22 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations
 3 Months Ended
Apr. 30, 2012
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 13. Discontinued Operations


          During fiscal year 2009, the Company completed the exit of its retail business. Accordingly, all operations of the Company’s former retail segment and certain sold properties have been classified as discontinued operations for all periods presented. Once real estate property has been sold, and no continuing involvement is expected, the Company classifies the results of the operations as discontinued operations. The results of operations were previously reported in the Company’s retail or real estate segment, depending on when the store ceased operations. Below is a table reflecting certain items of the Consolidated Condensed Statements of Operations that were reclassified as discontinued operations for the periods indicated (amounts in thousands):


 

 

 

 

 

 

 

 

 

 

Three Months Ended
April 30,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales and revenue

 

$

590

 

$

1,341

 

Cost of sales

 

 

78

 

 

258

 

Income before income taxes

 

 

304

 

 

637

 

Provision for income taxes

 

 

(121

)

 

(247

)

 

 

 

 

Income from discontinued operations, net of tax

 

$

183

 

$

390

 

 

 

 

 

(Loss) gain on disposal

 

$

(16

)

$

204

 

Benefit (provision) for income taxes

 

 

6

 

 

(79

)

 

 

 

 

(Loss) gain on disposal of discontinued operations, net of tax

 

$

(10

)

$

125