XML 47 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
 12 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Information

 

12. Segment
Information		 The Company’s reportable segments are strategic businesses that offer different products and services.  They are managed separately because each business requires different technology and marketing strategies.

 

  Steiner-Atlantic Corp., a wholly-owned subsidiary of the Company, and DRYCLEAN USA Development Corp., a wholly-owned indirect subsidiary of the Company, comprise the commercial and industrial laundry and dry cleaning equipment and boiler segment.  Steiner-Atlantic Corp. sells commercial and industrial laundry and dry cleaning equipment and boilers to customers in the United States, the Caribbean and Latin American markets.  DRYCLEAN USA Development Corp. enters into leases for resale to third parties for future dry cleaning stores. In recent years this area of business has not produced any revenues, but is kept as a subsidiary for future expansion.
  DRYCLEAN USA License Corp., a wholly-owned subsidiary of the Company, comprises the license and franchise operations segment. 
  The Company primarily evaluates the operating performance of its segments based on the categories noted in the table below.  The Company has no sales between segments.
  Financial information for the Company’s business segments is as follows:

 

Year ended June 30,  2012   2011 
         
Revenues:          
Commercial and industrial laundry and
dry cleaning equipment and boilers		  $22,246,911   $21,179,160 
License and franchise operations   210,178    146,567 
Total revenues  $22,457,089   $21,325,727 
           
Operating income (loss):          
Commercial and industrial laundry and
dry cleaning equipment and boilers		  $1,083,807   $1,165,367 
License and franchise operations   44,193    96,383 
Corporate   (319,262)   (308,273)
Total operating income  $808,738   $953,477 
           
Identifiable assets:          
Commercial and industrial laundry and
dry cleaning equipment and boilers		  $10,105,561   $10,293,717 
License and franchise operations   594,212    522,012 
Corporate   172,824    179,772 
Total assets  $10,872,597   $10,995,501 

 

 

For the years ended June 30, 2012 and 2011, export revenues, principally to the Caribbean and Latin America, aggregated approximately $4,918,000 and $4,739,000, respectively, of which approximately $4,748,000 and $4,629,000, respectively, related to the commercial and industrial laundry, dry cleaning equipment and boiler segment. All such sales are denominated in U.S. Dollars and, accordingly, the Company is not exposed to risks of foreign currency fluctuations as a result of such sales.

No customer accounted for more than 10% of the Company’s revenues in either fiscal 2012 or fiscal 2011.