Note 1 - Business Information

12 Months Ended

Jan. 31, 2020

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note

1

- Business information

Perma-Pipe International Holdings, Inc.

("PPIH", the "Company", or the "Registrant") was incorporated in Delaware on

October 

12,

1993.

The Company is engaged in the manufacture and sale of products in

one

distinct segment: Piping Systems.

Fiscal year.

The Company's fiscal year ends on

January 31.

Years, results and balances described as

2019

and

2018

are the fiscal years ended

January 31, 2020

and

2019

, respectively.

Nature of business.

The Company engineers, designs, manufactures and sells specialty piping systems, and leak detection systems. Specialty piping systems include: (i) insulated and jacketed district heating and cooling ("DHC") piping systems for efficient energy distribution from central energy plants to multiple locations, (ii) primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and (iii) the coating and/or insulation of oil and gas gathering and transmission pipelines. The Company's leak detection systems are sold with its piping systems or on a stand-alone basis, to monitor areas where fluid intrusion

may

contaminate the environment, endanger personal safety, cause a fire hazard, impair essential services or damage equipment or property.

Geographic information.

Net sales attributed to a geographic area are based on the destination of the product shipment. Sales to foreign customers were

55.4%

in

2019

 compared to

61.0%

in

2018

. Long-lived assets are based on the physical location of the assets and consist of property, plant and equipment used in the generation of revenues in the geographic area.

(In thousands)	2019		2018
Net sales
United States	$	56,702	$	50,319
Canada		22,203		34,789
Middle East		26,505		35,117
Europe		17,462		1,029
India		4,180		3,755
Other		611		3,956
Total net sales	$	127,663	$	128,965
Property, plant and equipment, net of accumulated depreciation
United States	$	9,063	$	10,279
Canada		11,554		11,862
Middle East		7,815		8,103
India		197		154
Total	$	28,629	$	30,398