Significant Customers

6 Months Ended

Aug. 31, 2013

(9)

Significant Customers. Due to the concentration in the automotive industry, management believes that sales to individual automotive customers—both Tier 1 and Tier 2 (including US Steel)—are significant. The following table shows sales to the Company’s major customers as a percentage of consolidated net sales for the three and six months ended August 31, 2013 and 2012.


	% of Consolidated Net Sales for the Three Months Ended August 31,						% of Consolidated Net Sales for the Six Months Ended August 31,
Customer	2013			2012			2013			2012
Chrysler		19	%		21	%		20	%		20	%
US Steel		14	%		15	%		13	%		15	%

The following table shows gross accounts receivable from these significant customers as a percentage of total consolidated gross accounts receivable as of August 31, 2013, and February 28, 2013.


	% of Consolidated Gross Accounts Receivable
Customer	August 31, 2013			February 28, 2013
Chrysler		18	%		18	%
US Steel		7	%		12	%

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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