BUSINESS SEGMENT DATA

9 Months Ended

Oct. 31, 2012

BUSINESS SEGMENT DATA [Abstract]

BUSINESS SEGMENT DATA

NOTE 9 – BUSINESS SEGMENT DATA

The Company has five operating segments which are aggregated into three reportable segments: Product Recovery/Pollution Control Technologies, Fluid Handling Technologies and Mefiag Filtration Technologies, and one other segment (Filtration/Purification Technologies). The Filtration/Purification Technologies segment is comprised of two operating segments that meet the criteria for aggregation.

The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies. The Company evaluates the performance of these segments based on many factors including sales, sales trends, margins and operating performance.

No significant intercompany revenue is realized in these reporting segments. Interest income and expense are not included in the measure of segment profit reviewed by management. Income taxes are also not included in the measure of segment operating profit reviewed by management.

The Company follows the practice of allocating general corporate expenses, including depreciation and amortization expense, among the reporting segments based upon a percentage of sales.

The financial segmentation information is presented in the following table:

	Nine Months Ended				Three Months Ended
	October 31,				October 31,
	2012		2011		2012		2011
Net sales
Product Recovery/Pollution Control Technologies	$	37,298,932	$	29,851,166	$	13,604,696	$	11,893,296
Fluid Handling Technologies		28,349,511		24,307,152		10,634,005		7,346,897
Mefiag Filtration Technologies		9,412,344		9,630,925		3,037,013		3,286,624
Filtration/Purification Technologies		7,904,872		7,975,134		2,485,642		2,718,314
	$	82,965,659	$	71,764,377	$	29,761,356	$	25,245,131
Income from operations
Product Recovery/Pollution Control Technologies	$	21,586	$	534,986	$	933,815	$	1,064,314
Fluid Handling Technologies		7,864,387		5,890,077		3,116,729		1,747,678
Mefiag Filtration Technologies		419,338		517,572		123,525		127,022
Filtration/Purification Technologies		111,433		366,046		75,678		64,198
	$	8,416,744	$	7,308,681	$	4,249,747	$	3,003,212
	October 31,		January 31,
	2012		2012
Identifiable assets
Product Recovery/Pollution Control Technologies	$	41,305,110	$	36,444,763
Fluid Handling Technologies		20,220,234		19,290,035
Mefiag Filtration Technologies		14,995,354		14,017,572
Filtration/Purification Technologies		8,071,433		8,368,652
		84,592,131		78,121,022
Corporate		32,447,925		37,388,193
	$	117,040,056	$	115,509,215