Industry Segment Information

3 Months Ended

Aug. 31, 2014

Segment Reporting [Abstract]

Industry Segment Information

NOTE 10 Industry Segment Information

The Corporation designs, produces and markets manufactured housing, modular housing and recreational vehicles (travel trailers, fifth wheels and park models). Manufactured housing represents homes built according to a national building code; modular housing represents homes built to a local building code. The percentage allocation of manufactured housing, modular housing and recreational vehicle net sales is:

	Three-Months Ended
	August 31,
	2014			2013
Manufactured Housing		71	%		61	%
Modular Housing		12			13
Total Housing		83			74
Recreational Vehicles		17			26
		100	%		100	%
	Three-Months Ended
	August 31,
	2014			2013
	(Dollars in thousands)
NET SALES
Manufactured Housing	$	41,041		$	30,111
Modular Housing		6,699			6,323
Total Housing		47,740			36,434
Recreational Vehicles		9,689			12,560
Total Net sales	$	57,429		$	48,994
LOSS BEFORE INCOME TAXES
Operating Loss
Housing	$	(396	)	$	(580	)
Recreational vehicles		(2,844	)		(490	)
General corporate expense		(463	)		(334	)
Total operating loss		(3,703	)		(1,404	)
Interest expense		(94	)		—
Interest income		24			25
Loss before income taxes	$	(3,773	)	$	(1,379	)

Total operating loss represents operating losses before interest expense, interest income and benefit from income taxes with non-traceable operating expenses being allocated to industry segments based on percentages of sales. General corporate expenses are not allocated to the industry segments.