XML 132 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.8

13. Segment Information | 9 Months Ended
--- | ---
May 31, 2013
Notes |
13. Segment Information | 13. SEGMENT INFORMATION The Company has four principal reportable segments. These reportable segments were determined based on the nature of the products offered. Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company evaluates performance based on several factors, of which the primary financial measure is business segment income before taxes. The following tables show the operations of the Company's reportable segments. Following is a summary of segmented information for the nine month periods ended May 31, 2013 and 2012.
|  | 2013 |  | 2012 |
| Sales to unaffiliated customers: |  |  |  |
| Industrial wood products | $ 5,935,267 |  | $ 5,700,139 |
| Lawn, garden, pet and other | 26,742,571 |  | 22,874,080 |
| Seed processing and sales | 4,193,249 |  | 4,452,635 |
| Industrial tools and clamps | 1,704,651 |  | 2,078,988 |
| Total sales | $ 38,575,738 |  | $ 35,105,842 |
| Income (loss) before income taxes: |  |  |  |
| Industrial wood products | $ (10,469) |  | $ (150,505) |
| Lawn, garden, pet and other | 3,287,551 | * | 2,375,934 | *
| Seed processing and sales | 121,749 |  | 116,771 |
| Industrial tools and clamps | 110,655 |  | 108,239 |
| Unallocated overhead | (41,885) |  | (59,112) |
| Income from operations | $ 3,467,601 |  | $ 2,391,327 |
| Identifiable assets: |  |  |  |
| Industrial wood products | $ 1,659,045 |  | $ 2,181,410 |
| Lawn, garden, pet and other | 19,167,457 |  | 15,561,693 |
| Seed processing and sales | 111,381 |  | 388,133 |
| Industrial tools and clamps | 602,305 |  | 786,072 |
| Unallocated overhead | 46,020 |  | 42,955 |
| Total assets | $ 21,586,208 |  | $ 18,960,263 |
| Depreciation and amortization: |  |  |  |
| Industrial wood products | $ 634 |  | $ 1,209 |
| Lawn, garden, pet and other | 171,525 |  | 168,711 |
| Seed processing and sales | 11,549 |  | 13,198 |
| Industrial tools and clamps | 4,723 |  | 3,655 |
| Total depreciation and amortization | $ 188,431 |  | $ 186,773 |
| Capital expenditures: |  |  |  |
| Industrial wood products | $ 3,602 |  | $ - |
| Lawn, garden, pet and other | 171,222 |  | 23,721 |
| Seed processing and sales | 1,476 |  | 2,485 |
| Industrial tools and clamps | 7,379 |  | 10,000 |
| Total capital expenditures | $ 183,679 |  | $ 36,206 |
| Interest expense: |  |  |  |
| Lawn, garden, pet and other | $ 400 |  | $ 743 |
* For comparability purposes, the 2013 amount excludes gain on sale of property, plant and equipment of $353,852. The 2012 amount excludes reversal of litigation reserve of $1,443,629 and related interest of $6,734. The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the nine month periods ended May 31, 2013 and 2012:
|  | 2013 |  | 2012
| Sales | $ 12,475,035 |  | $ 11,743,006
The Company conducts business primarily in the United States, but also has limited amounts of sales in foreign countries. The following table lists sales by country for the nine month periods ended May 31, 2013 and 2012:
|  | 2013 |  | 2012
| United States | $ 34,320,602 |  | $ 31,908,507
| Canada | 1,889,696 |  | 1,831,358
| Mexico / Latin America | 2,256,420 |  | 944,623
| Europe | 54,615 |  | 341,925
| Asia/Pacific | 54,405 |  | 79,429
| Total sales by country | $ 38,575,738 |  | $ 35,105,842
All of the Company’s significant identifiable assets were located in the United States as of May 31, 2013 and 2012.

X
- Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration