Segments of Business

6 Months Ended

Feb. 29, 2016

5.	Segments of Business

Intersegment revenues are calculated using market prices and are eliminated upon consolidation. Summarized financial information regarding the Company’s reportable segments is presented in the following tables (in thousands):


	Three Months Ended					Six Months Ended
	February 29, 2016			February 28, 2015		February 29, 2016			February 28, 2015
Net Sales
Retail	$	244,432		$	298,666	$	535,209		$	677,822
Wholesale		193,942			282,238		478,106			727,779

	$	438,374		$	580,904	$	1,013,315		$	1,405,601

Intersegment Sales
Wholesale	$	77,817		$	116,350	$	182,670		$	296,606

Operating (Loss) Income
Retail	$	(2,219	)	$	8,040	$	1,289		$	17,799
Wholesale		(33,550	)		2,752		(21,180	)		29,132

	$	(35,769	)	$	10,792	$	(19,891	)	$	46,931

Depreciation and Amortization
Retail	$	2,126		$	1,793	$	4,235		$	3,556
Wholesale		10,676			8,732		20,269			17,321

	$	12,802		$	10,525	$	24,504		$	20,877


	February 29, 2015		August 31, 2015
Total Assets
Retail	$	175,934	$	178,200
Wholesale		667,556		707,266

	$	843,490	$	885,466

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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+ Details

KIANTONE PIPELINE CORP 10-Q