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Note 4 - Disaggregation of Revenue | 3 Months Ended
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Feb. 29, 2024
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] |
| 4) | Disaggregation of Revenue
The following table displays revenue by reportable segment from external customers, disaggregated by major source. The Company believes disaggregating by these categories depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.
|  | Three Months Ended February 29, 2024 |
|  | Agricultural |  |  | Modular Buildings |  |  | Total |
Farm equipment |  | $ | 3,528,000 |  |  | $ | - |  |  | $ | 3,528,000 |
Farm equipment service parts |  |  | 642,000 |  |  |  | - |  |  |  | 642,000 |
Modular buildings |  |  | - |  |  |  | 1,392,000 |  |  |  | 1,392,000 |
Modular building lease income |  |  | - |  |  |  | 36,000 |  |  |  | 36,000 |
Other |  |  | 66,000 |  |  |  | 59,000 |  |  |  | 125,000 |
|  | $ | 4,236,000 |  |  | $ | 1,487,000 |  |  | $ | 5,723,000 |
|  | Three Months Ended February 28, 2023 |
|  | Agricultural |  |  | Modular Buildings |  |  | Total |
Farm equipment |  | $ | 4,732,000 |  |  | $ | - |  |  | $ | 4,732,000 |
Farm equipment service parts |  |  | 630,000 |  |  |  | - |  |  |  | 630,000 |
Modular buildings |  |  | - |  |  |  | 1,601,000 |  |  |  | 1,601,000 |
Modular building lease income |  |  | - |  |  |  | 32,000 |  |  |  | 32,000 |
Other |  |  | 83,000 |  |  |  | 9,000 |  |  |  | 92,000 |
|  | $ | 5,445,000 |  |  | $ | 1,642,000 |  |  | $ | 7,087,000 |
The Company offered floorplan terms in its Agricultural Products segment during its Fall of 2022 and 2023 early order program to incentivize customers to stock farm equipment on their lots for fiscal 2023 and fiscal 2024. Floorplan terms allow customers to pay the Company at the earliest of retail date or 180 days. This program has an effect on the timing of the Company’s cash flows compared with historical cash flows. On February 29, 2024, the Company had approximately $1,011,000 in receivables on the floorplan program with a due date greater than 30 days compared to $950,000 on February 28, 2023.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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