Industry Segment Information

12 Months Ended

Dec. 01, 2012

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 real estate and landscape nursery 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. 1, 2012			Dec. 3, 2011			Nov. 27, 2010
Net sales and other revenue
Rental revenue and property sales	$	23,748		$	22,183		$	17,904
Landscape nursery net sales and other revenue		12,843			15,010			16,083
	$	36,591		$	37,193		$	33,987
Operating profit (loss)
Real estate	$	8,091		$	6,548		$	2,740
Landscape nursery		(1,713	)		(2,685	)		(2,761	)
Industry segment totals		6,378			3,863			(21	)
General corporate expense		(4,252	)		(4,088	)		(3,998	)
Operating profit (loss)		2,126			(225	)		(4,019	)
Interest expense		(3,533	)		(4,167	)		(4,456	)
Investment income		613			210			302
Loss before income tax benefit	$	(794	)	$	(4,182	)	$	(8,173	)

        The above table reflects the net sales and other revenue and operating profit (loss) included in continuing operations on Griffin's consolidated statements of operations. Operating results of the Manchester, Connecticut warehouse and the gain on the sale of that building are included in the results of the discontinued operation on Griffin's consolidated statements of operations (see Note 2).

        Revenue from the continuing operations of the real estate segment includes:

	For the Fiscal Years Ended,
	Dec. 1, 2012		Dec. 3, 2011		Nov. 27, 2010
Rental revenue	$	17,906	$	17,964	$	17,352
Property sales revenue (see Note 7)		5,759		4,000		466
Other revenue		83		219		86
Total	$	23,748	$	22,183	$	17,904

        Interest expense in fiscal 2012, fiscal 2011 and fiscal 2010 includes $3,757, $3,951 and $3,982, respectively, of interest on nonrecourse mortgage loans of the real estate segment.

        In fiscal 2009, Imperial shut down operations on its Florida farm and entered into a lease with another grower for that property. Other revenue of the landscape nursery segment includes revenue from the rental of Imperial's Florida farm as follows:

	For the Fiscal Years Ended,
	Dec. 1, 2012		Dec. 3, 2011		Nov. 27, 2010
Rental revenue from Imperial's Florida farm	$	467	$	474	$	482

	Dec. 1, 2012		Dec. 3, 2011		Nov. 27, 2010
Identifiable assets
Real estate	$	142,440	$	140,409	$	144,458
Landscape nursery		20,693		21,303		22,662
Industry segment totals		163,133		161,712		167,120
General corporate		16,981		14,963		16,031
Total assets	$	180,114	$	176,675	$	183,151

	Capital Expenditures						Depreciation and Amortization
	For the Fiscal Years Ended,						For the Fiscal Years Ended,
	Dec. 1, 2012		Dec. 3, 2011		Nov. 27, 2010		Dec. 1, 2012		Dec. 3, 2011		Nov. 27, 2010
Real estate	$	13,700	$	3,232	$	9,797	$	5,752	$	6,091	$	6,252
Landscape nursery		130		249		106		551		669		786
Industry segment totals		13,830		3,481		9,903		6,303		6,760		7,038
General corporate		—		1		1		1		1		1
Total	$	13,830	$	3,482	$	9,904	$	6,304	$	6,761	$	7,039