Segments of Business

6 Months Ended

Feb. 28, 2017

4.	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 28,			February 29,			February 28,			February 29,
	2017			2016			2017			2016
Net Sales
Retail	$	280,935		$	244,432		$	572,800		$	535,209
Wholesale		250,067			193,942			471,580			478,106

	$	531,002		$	438,374		$	1,044,380		$	1,013,315

Intersegment Sales
Wholesale	$	110,281		$	77,817		$	218,339		$	182,670

Operating Income (Loss)
Retail	$	(8,872	)	$	(2,219	)	$	(12,152	)	$	1,289
Wholesale		9,736			(33,550	)		3,704			(21,180	)

	$	864		$	(35,769	)	$	(8,448	)	$	(19,891	)

Depreciation and Amortization
Retail	$	2,276		$	2,126		$	4,524		$	4,235
Wholesale		9,493			10,676			19,497			20,269

	$	11,769		$	12,802		$	24,021		$	24,504


	February 28, 2017		August 31, 2016
Total Assets
Retail	$	196,453	$	191,063
Wholesale		686,413		683,504

	$	882,866	$	874,567

- 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=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

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-Publisher FASB
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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
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-Publisher FASB
-Name Accounting Standards Codification
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+ Details

KIANTONE PIPELINE CO 10-Q