XML 17 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
BUSINESS SEGMENT DATA
 3 Months Ended
Apr. 30, 2013
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:
   
Three Months Ended
April 30,
 
   
2013
  
2012
 
Net sales
 
 
  
 
 
Product Recovery/Pollution Control Technologies
 $8,960,364  $10,500,840 
Fluid Handling Technologies
  8,121,186   9,400,199 
Mefiag Filtration Technologies
  2,635,229   2,852,166 
Filtration/Purification Technologies
  2,251,097   2,453,856 
   $21,967,876  $25,207,061 
          
Income (loss) from operations
        
Product Recovery/Pollution Control Technologies
 $134,881  $(443,062 )
Fluid Handling Technologies
  2,058,027   2,384,370 
Mefiag Filtration Technologies
  (34,731 )  (72,088 )
Filtration/Purification Technologies
  116,572   (122,364 )
Acquisition expenses
  (1,392,819 )  - 
   $881,930  $1,746,856 

   
April 30,
  
January 31,
 
   
2013
  
2013
 
Identifiable assets
 
 
  
 
 
Product Recovery/Pollution Control Technologies
 $35,928,133  $37,932,865 
Fluid Handling Technologies
  18,982,592   20,093,881 
Mefiag Filtration Technologies
  14,966,538   15,643,078 
Filtration/Purification Technologies
  7,900,359   8,011,212 
    77,777,622   81,681,036 
Corporate
  39,793,433   34,574,145 
   $117,571,055  $116,255,181