Industry Segment Information

9 Months Ended

Aug. 27, 2011

Industry Segment Information

Industry Segment Information

2. 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 13 Weeks Ended,						For the 39 Weeks Ended,
	August 27,  2011			August 28,  2010			August 27,  2011			August 28,  2010
Total net sales and other revenue:
Rental revenue and property sales	$	5,452		$	4,912		$	15,111		$	14,062
Landscape nursery net sales and other revenue	2,969			2,620			12,414			13,767
	$	8,421		$	7,532		$	27,525		$	27,829
Operating profit (loss):
Real estate	$	1,528		$	1,136		$	2,912		$	1,972
Landscape nursery	(683		)	(1,507		)	(1,803		)	(2,257		)
Industry segment totals	845			(371		)	1,109			(285		)
General corporate expense	(532		)	(675		)	(3,133		)	(2,953		)
Operating profit (loss)	313			(1,046		)	(2,024		)	(3,238		)
Interest expense	(1,061		)	(1,173		)	(3,193		)	(3,355		)
Investment income	14			20			105			194
Loss before income tax benefit	$	(734	)	$	(2,199	)	$	(5,112	)	$	(6,399	)

	August 27, 2011		November 27, 2010
Identifiable assets:
Real estate	$	142,430	$	144,458
Landscape nursery	22,780		22,662
Industry segment totals	165,210		167,120
General corporate	12,881		16,031
Total assets	$	178,091	$	183,151

Revenue of the real estate segment in the 2011 third quarter and 2011 nine month period includes property sales revenue of $400.  The real estate segment had no revenue from property sales in the 2010 nine month period.  Other revenue of the landscape nursery segment includes $117 and $352 in the 2011 third quarter and 2011 nine month period, respectively, from the rental of Imperial’s Florida farm. Other revenue of the landscape nursery segment includes $121 and $365 in the 2010 third quarter and 2010 nine month period, respectively, from the rental of Imperial’s Florida farm.  Imperial shut down operations on its Florida farm in fiscal 2009.