Industry Segment Information

12 Months Ended

Dec. 03, 2011

Industry Segment Information

Industry Segment Information

3. Industry Segment Information

        Griffin defines its reportable segments by their products and services, which are comprised of the landscape nursery and real estate segments. Management operates and receives reporting based upon these segments. Griffin has no operations outside the United States. Griffin's export sales and transactions between segments are not material.

	For the Fiscal Years Ended,
	Dec. 3, 2011			Nov. 27, 2010			Nov. 28, 2009
Net sales and other revenue
Rental revenue and property sales	$	22,183		$	17,904		$	15,509
Landscape nursery net sales and other revenue		15,010			16,083			22,069
	$	37,193		$	33,987		$	37,578
Operating profit (loss)
Real estate	$	6,548		$	2,740		$	1,396
Landscape nursery		(2,685	)		(2,761	)		(3,636	)
Industry segment totals		3,863			(21	)		(2,240	)
General corporate expense		(4,088	)		(3,998	)		(3,984	)
Operating loss		(225	)		(4,019	)		(6,224	)
Interest expense		(4,167	)		(4,456	)		(3,522	)
Investment income		210			302			182
Loss before income tax benefit	$	(4,182	)	$	(8,173	)	$	(9,564	)

        The above table reflects the net sales and other revenue and operating loss included in continuing operations on Griffin's consolidated statements of operations. Operating results of the Manchester, Connecticut warehouse in Griffin's real estate business are reported as a discontinued operation on Griffin's consolidated statements of operations.

        Revenue of the real estate segment in fiscal 2011 and fiscal 2010 includes property sales revenue of $4,000 and $466, respectively. The real estate segment had no revenue from property sales in fiscal 2009. Revenue of the real estate segment in fiscal 2011, fiscal 2010 and fiscal 2009 also includes other miscellaneous revenue of $219, $86, and $126, respectively. Interest expense in fiscal 2011, fiscal 2010 and fiscal 2009 includes $3,951, $3,982 and $3,008, respectively, of interest on nonrecourse mortgage loans of the real estate segment.

        Included in other revenue of the landscape nursery segment in fiscal 2011, fiscal 2010 and fiscal 2009 is $474, $482 and $177, respectively, of revenue from the rental of Imperial's Quincy, Florida location (see Facility Shutdown in Note 16).

	Dec. 3, 2011		Nov. 27, 2010		Nov. 28, 2009
Identifiable assets
Real estate	$	140,409	$	144,458	$	139,681
Landscape nursery		21,303		22,662		28,238
Industry segment totals		161,712		167,120		167,919
General corporate		14,963		16,031		20,817
Total assets	$	176,675	$	183,151	$	188,736

	Capital Expenditures						Depreciation and Amortization
	For the Fiscal Years Ended,						For the Fiscal Years Ended,
	Dec. 3, 2011		Nov. 27, 2010		Nov. 28, 2009		Dec. 3, 2011		Nov. 27, 2010		Nov. 28, 2009
Real estate	$	3,232	$	9,797	$	16,505	$	6,091	$	6,252	$	5,575
Landscape nursery		249		106		78		669		786		936
Industry segment totals		3,481		9,903		16,583		6,760		7,038		6,511
General corporate		1		1		—		1		1		6
Total	$	3,482	$	9,904	$	16,583	$	6,761	$	7,039	$	6,517

        Depreciation and amortization expense related to the Manchester, Connecticut warehouse included in the above table in fiscal 2011, fiscal 2010 and fiscal 2009 was $420, $420 and $444, respectively. There were no capital expenditures related to this property in fiscal 2011, fiscal 2010 and fiscal 2009.