XML 44 R24.htm IDEA: XBRL DOCUMENT

Note 6 - Investments in Joint Ventures (Tables)

3 Months Ended

Nov. 30, 2012

Schedule of Condensed Balance Sheet [Table Text Block]

		At November 30, 2012
		Total				EXCOR				China				All Other
Current assets		$	61,936,535			$	21,440,244			$	11,933,790			$	28,562,501
Total assets			68,157,107				23,756,509				11,968,500				32,432,098
Current liabilities			20,079,934				4,737,085				4,822,792				10,520,057
Noncurrent liabilities			4,815,797				—				856,547				3,959,250
Joint ventures’ equity			43,261,376				19,019,424				6,289,161				17,952,791
Northern Technologies International Corporation’s share of joint ventures’ equity			21,435,223				9,509,714				3,148,679				8,776,830
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings		$	19,341,157			$	9,478,809			$	3,095,230			$	6,767,118

		At August 31, 2012
		Total				EXCOR				NTI ASEAN				All Other
Current assets		$	61,973,725			$	24,357,139			$	15,358,967			$	22,257,619
Total assets			68,585,974				26,620,589				15,522,456				26,442,929
Current liabilities			18,686,181				4,749,574				5,763,857				8,172,750
Noncurrent liabilities			4,700,458				—				1,055965				3,644,493
Joint ventures’ equity			45,199,335				21,871,015				8,702,634				14,625,686
Northern Technologies International Corporation’s share of joint ventures’ equity			21,461,492				10,935,509			$	3,685,404				6,840,579
Northern Technologies International Corporation’s share of joint ventures’ undistributed earnings		$	19,403,150			$	10,904,604			$	3,314,445			$	5,184,101

Schedule of Condensed Income Statement [Table Text Block]

		Three Months Ended November 30, 2012
		Total				EXCOR				China				All Other
Net sales		$	27,524,934			$	8,609,463			$	3,568,798			$	15,346,673
Gross profit			13,127,067				4,434,290				1,730,402				6,962,375
Net income			2,440,560				1,570,374				294,003				576,183
Northern Technologies International Corporation’s share of equity in income of joint ventures		$	1,154,296			$	785,187			$	147,001			$	222,108

		Three Months Ended November 30, 2011
		Total				EXCOR				NTI ASEAN				All Other
Net sales		$	28,795,232			$	8,542,250			$	5,022,328			$	15,230,654
Gross profit			13,339,072				4,325,802				2,286,705				6,726,565
Net income			2,538,769				1,457,055				738,922				689,348
Northern Technologies International Corporation’s share of equity in income of joint ventures		$	1,357,680			$	728,528			$	369,461			$	259,691