XML 93 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
14. Segment Information
 6 Months Ended
Feb. 28, 2015
Notes  
14. Segment Information

14.          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.

 

Effective September 1, 2013, the Company reorganized certain of its subsidiaries. The majority of fixed and intangible assets, and certain Corporate and administrative functions which were formerly contained within the “Lawn, garden, pet and other” reporting segment are now classified as “Corporate and administrative.”

 

Following is a summary of segmented information for the six month periods ended February 28:

 

 

 

 

2015

 

2014

 

 

 

 

 

 

Sales to unaffiliated customers:

 

 

 

 

Industrial wood products

$    2,120,203

 

$    3,404,951

 

Lawn, garden, pet and other

12,733,854

 

11,929,856

 

Seed processing and sales

1,687,137

 

1,678,862

 

Industrial tools and clamps

924,827

 

725,261

 

 

$  17,466,021

 

$  17,738,930

 

 

 

 

 

 

Income (loss) before income taxes:

 

 

 

 

Industrial wood products

$         43,322

 

$       (32,349)

 

Lawn, garden, pet and other

419,690

 

499,003

 

Seed processing and sales

129,211

 

108,661

 

Industrial tools and clamps

47,540

 

45,225

 

Corporate and administrative

370,923

 

349,584

 

 

$    1,010,686

 

$       970,124

 

 

 

 

 

 

 

 

 

 

 

Identifiable assets:

 

 

 

 

Industrial wood products

$    1,641,934

 

$    1,366,293

 

Lawn, garden, pet and other

13,490,158

 

10,989,146

 

Seed processing and sales

747,635

 

632,061

 

Industrial tools and clamps

845,180

 

669,639

 

Corporate and administrative

2,784,469

 

9,071,339

 

 

$  19,509,376

 

$  22,728,478

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

Industrial wood products

$              490

 

$              490

 

Lawn, garden, pet and other

27,675

 

21,194

 

Seed processing and sales

5,473

 

6,508

 

Industrial tools and clamps

1,401

 

2,974

 

Corporate and administrative

104,644

 

108,384

 

 

$       139,683

 

$      139,550

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

Industrial wood products

$                  -

 

$                  -

 

Lawn, garden, pet and other

-

 

-

 

Seed processing and sales

-

 

-

 

Industrial tools and clamps

-

 

1,300

 

Corporate and administrative

14,697

 

74,075

 

 

$         14,697

 

$       75,375

 

 

 

 

 

 

Interest expense:

 

 

 

 

Lawn, garden, pet and other

$                  -

 

$                 -

 

 

The following table lists sales made by the Company to customers which were in excess of 10% of total sales for the six months ended February 28, 2015 and 2014:

 

 

 

 

2015

 

2014

 

 

 

 

 

 

Sales

$     7,734,187

 

$    7,604,958

 

 

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 six months ended February 28, 2015 and 2014:

 

 

 

 

2015

 

2014

 

 

 

 

 

 

United States

$  16,438,761

 

$  16,275,299

 

Canada

533,745

 

349,275

 

Mexico/Latin America

462,805

 

987,524

 

Europe

-

 

126,832

 

Asia/Pacific

30,710

 

-

 

 

All of the Company’s significant identifiable assets were located in the United States as of February 28, 2015 and 2014.