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Discontinued Operations
 6 Months Ended
Jul. 31, 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
July 31,

 

Six Months Ended
July 31,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

(In Thousands)

 

Net sales and revenue

 

$

518

 

$

1,149

 

$

1,108

 

$

2,490

 

Cost of sales

 

 

42

 

 

266

 

 

154

 

 

541

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

310

 

 

525

 

 

598

 

 

1,108

 

Provision for income taxes

 

 

(135

)

 

(190

)

 

(250

)

 

(394

)

 

 

 

 

 

 

Income from discontinued operations, net of tax

 

$

175

 

$

335

 

$

348

 

$

714

 

 

 

 

 

 

 

Gain on disposal

 

$

99

 

$

62

 

$

83

 

$

266

 

Provision for income taxes

 

 

(43

)

 

(22

)

 

(34

)

 

(92

)

 

 

 

 

 

 

Gain on disposal of discontinued operations, net of tax

 

$

56

 

$

40

 

$

49

 

$

174