XML 44 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 5 - Investments in Joint Ventures (Tables)
9 Months Ended
May 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Condensed Balance Sheet [Table Text Block]
   
At May 31, 2014
 
   
Total
   
EXCOR
   
China
   
All Other
 
Current assets
  $ 58,975,346     $ 22,560,299     $ 8,541,897     $ 27,873,150  
Total assets
    63,172,232       24,920,587       8,561,641       29,690,004  
Current liabilities
    14,208,070       1,956,574       1,926,986       10,324,510  
Noncurrent liabilities
    3,373,373       1,321,199       853,839       1,198,335  
Joint ventures’ equity
    45,590,789       21,642,814       5,780,816       18,167,159  
Company’s share of joint ventures’ equity
    22,103,275       10,821,409       2,225,409       9,056,460  
Company’s share of joint ventures’ undistributed earnings
  $ 19,681,808     $ 10,790,504     $ 2,175,409     $ 6,715,895  
   
At August 31, 2013
 
   
Total
   
EXCOR
   
China
   
All Other
 
Current assets
  $ 63,052,410     $ 25,955,136     $ 11,200,355     $ 25,896,919  
Total assets
    68,417,142       28,391,787       11,226,755       28,798,600  
Current liabilities
    16,107,597       3,572,004       3,080,118       9,455,475  
Noncurrent liabilities
    2,488,057             871,886       1,616,171  
Joint ventures’ equity
    49,821,488       24,819,783       7,274,751       17,726,954  
Company’s share of joint ventures’ equity
    24,702,981       12,409,893       3,637,375       8,655,713  
Company’s share of joint ventures’ undistributed earnings
  $ 22,281,510     $ 12,378,988     $ 3,587,375     $ 6,315,147  
Condensed Income Statement [Table Text Block]
   
Nine Months Ended May 31, 2014
 
   
Total
   
EXCOR
   
China
   
All Other
 
Net sales
  $ 88,213,101     $ 29,020,416     $ 11,952,115     $ 47,240,570  
Gross profit
    41,609,619       15,000,023       5,550,166       21,059,430  
Net income
    9,960,639       5,574,387       1,543,155       1,913,097  
Company’s share of equity in income of joint ventures
  $ 4,416,664     $ 2,787,048     $ 659,684     $ 969,932  
   
Nine Months Ended May 31, 2013
 
   
Total
   
EXCOR
   
China
   
All Other
 
Net sales
  $ 82,788,711     $ 26,043,775     $ 10,802,206     $ 45,942,730  
Gross profit
    39,447,084       13,624,792       5,134,820       20,687,472  
Net income
    7,626,711       4,954,595       815,664       1,856,452  
Company’s share of equity in income of joint ventures
  $ 3,733,069     $ 2,478,109     $ 407,809     $ 847,151