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Document And Entity Information (USD $)
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12 Months Ended | ||
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Aug. 31, 2012
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Nov. 19, 2012
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Feb. 29, 2012
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| Document and Entity Information [Abstract] | |||
| Entity Registrant Name | Northern Technologies International Corporation | ||
| Document Type | 10-K | ||
| Current Fiscal Year End Date | --08-31 | ||
| Entity Common Stock, Shares Outstanding | 4,418,487 | ||
| Entity Public Float | $ 57,000,000 | ||
| Amendment Flag | false | ||
| Entity Central Index Key | 0000875582 | ||
| Entity Current Reporting Status | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Filer Category | Smaller Reporting Company | ||
| Entity Well-known Seasoned Issuer | No | ||
| Document Period End Date | Aug. 31, 2012 | ||
| Document Fiscal Year Focus | 2012 | ||
| Document Fiscal Period Focus | FY |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Amounts due for royalties and service fees outside of the normal course of business from entities in which the reporting entity shares joint control with another party or group, due within 1 year (or 1 business cycle). No definition available.
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- Definition
Amount due from customers or clients, but not joint ventures, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. No definition available.
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- Definition
Amounts due from joint ventures, within one year of the balance sheet date (or the normal operating cycle, whichever is longer) for goods or services (including trade receivables) that have been delivered or sold to joint ventures in the normal course of business. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Gross amount, as of the balance sheet date, of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parentheticals) (USD $)
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Aug. 31, 2012
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Aug. 31, 2011
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|---|---|---|
| Trade, allowance (in Dollars) | $ 20,000 | $ 20,000 |
| Preferred stock, par value (in Dollars per share) | $ 0 | $ 0 |
| Preferred stock, shares authorized | 10,000 | 10,000 |
| Preferred stock, shares issued | 0 | 0 |
| Preferred stock, shares outstanding | 0 | 0 |
| Common stock par value (in Dollars per share) | $ 0.02 | $ 0.02 |
| Common stock, shares authorized | 10,000,000 | 10,000,000 |
| Common stock, shares issued | 4,403,656 | 4,353,058 |
| Common stock, shares outstanding | 4,403,656 | 4,353,058 |
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- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Issuance value per share of no-par value, nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Royalties and service fees from transactions directly with the reporting entity's joint ventures outside the normal course of business. No definition available.
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- Definition
Net sales either directly to end users or to distributors worldwide, but not sales to the reporting entity's joint ventures and not sales by the reporting entity's joint ventures. No definition available.
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- Definition
Net sales by the reporting entity to the reporting entity's joint ventures, but not sales by the reporting entity either directly to end users or to distributors or sales by the reporting entity’s joint ventures. No definition available.
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- Details
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Changes in additional paid in capital related to exercise of share-based payments awards (such as stock options) and the amount of recognized equity-based compensation during the period (such as nonvested shares). No definition available.
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount after tax, before reclassification adjustments, resulting from the process of expressing in the reporting currency of the reporting entity those amounts that are denominated or measured in a different currency, and from transactions whose terms are denominated in a currency other than the entity's functional currency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares issued during the period as a result of an employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate change in value for stock issued during the period as a result of employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed. No definition available.
|
| X | ||||||||||
|
- Definition
Value of stock issued as a result of the exercise of stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in amount due within one year (or one business cycle) from joint ventures for royalties and service fees outside of the normal course of business. No definition available.
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in amount due within one year (or one business cycle) from customers or clients, but not joint ventures, for the credit sale of goods and services. No definition available.
|
| X | ||||||||||
|
- Definition
The net change during the reporting period in amount due within one year (or one business cycle) from joint ventures for the credit sale of goods and services that have been delivered or sold to joint ventures in the normal course of business. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gains (losses) included in earnings resulting from the sale or disposal of tangible assets. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash inflow or outflow from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cash outflow in the form of ordinary dividends to noncontrolling interests, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Dividends received on equity and other investments during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from the stock plan during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The noncash expense that accounts for the value of stock or unit options distributed to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 1 - Nature of Business and Significant Accounting Policies
|
12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
|||||||||
| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
1. NATURE
OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES
Nature of
Business – Northern Technologies International
Corporation and Subsidiaries (the Company) develops and
markets proprietary environmentally beneficial products and
services in over 55 countries either directly or via a
network of joint ventures, independent distributors and
agents. The Company’s primary business is
corrosion prevention marketed mainly under the ZERUST®
brand. The Company has been selling its
proprietary ZERUST®
rust and corrosion inhibiting products and services to the
automotive, electronics, electrical, mechanical, military and
retail consumer markets for over 35 years, and more recently,
has targeted and expanded into the oil and gas
industry. The Company also sells a portfolio of
bio-based and biodegradable (compostable) polymer resin
compounds and finished products marketed under the
Natur-Tec®
brand. These products are intended to reduce the
Company’s customers’ carbon footprint and provide
environmentally sound disposal options.
The
Company participates, either directly or indirectly, in 23
active joint venture arrangements in North America, Europe,
and Asia. Each of these joint ventures generally
manufactures and markets products in the geographic territory
to which it is assigned. While most of the
Company’s joint ventures exclusively sell rust and
corrosion inhibiting products, some of the joint ventures
sell the Company’s Natur-Tec®
resin compounds and finished products. The profits
of joint ventures are shared by the respective
joint venture owners in accordance with their respective
ownership percentages. The Company typically owns
50% or less of its joint venture entities and does not
control the decisions of these entities, including dividend
declaration or amount in any given year.
The
Company has evaluated events occurring after the date of the
consolidated financial statements for events requiring
recording or disclosure in the financial statements.
Principles of
Consolidation - The Company evaluates its voting and
variable interests in entities on a qualitative and
quantitative basis. The Company consolidates
entities in which it concludes it has the power to direct the
activities that most significantly impact an entity’s
economic success and has the obligation to absorb losses or
the right to receive benefits that could be significant to
the entity. All such relationships are evaluated
on an ongoing basis. The consolidated financial
statements include the accounts of Northern Technologies
International Corporation, its wholly owned subsidiaries, NTI
Facilities, Inc. and Northern Technologies Holding Company,
LLC, and its majority owned Brazilian subsidiary, Zerust
Prevenção de Corrosão S.A. (Zerust
Brazil). All significant intercompany transactions
and balances have been eliminated in
consolidation. The consolidated financial
statements do not include the accounts of any of the
Company’s joint ventures.
Noncontrolling
interest – The Company owns 85% of Zerust
Brazil. The remaining 15% is accounted for as a
noncontrolling interest and reported as part of equity in the
consolidated financial statements. The Company
allocates gains and losses to the noncontrolling interest
even when such allocation might result in a deficit balance,
reducing the losses attributed to the controlling interest,
changes in ownership interests would be treated as equity
transactions if control is maintained.
Net Sales
–The Company includes net sales to its joint ventures
and net sales to unaffiliated customers as separate line
items on its consolidated statements of
operations. There are no sales originating from
the Company’s joint ventures included in the amount, as
the Company’s investments in its joint ventures are
accounted for using the equity method.
Revenue
Recognition – The Company recognizes revenue
from the sale of its products when persuasive evidence of an
arrangement exists, the product has been delivered, the price
is fixed and determinable and collection of the resulting
receivable is reasonably assured. These criteria
are met when risk of loss and title pass to the customer,
distributor or joint venture entity.
Deferred Joint
Venture Revenue – The Company periodically
sponsors a worldwide joint venture conference, in which all
of its joint ventures are invited to
participate. It defers a portion of its service
fees received from its joint ventures in each accounting
period leading up to the next conference, reflecting that the
Company has not earned portions of the payments
received. The next joint venture conference is
scheduled to be held in the summer of 2013. At
both August 31, 2012 and 2011, the Company had deferred
$288,000 of joint venture fees for services related to this
future conference, which represents the amount that the
Company expects to spend to hold the
conference. This amount is based on the historical
experience of the Company, current conditions, and the
intentions of the Company’s management. The
Company does not anticipate deferring any additional service
fees until after the next conference.
Accounts
Receivable – Payment terms for the
Company’s unaffiliated customers are determined based
on credit risk and vary by customer. The Company
typically offers standard payments terms to unaffiliated
customers of net 30 days. The Company does not
accrue interest on past due accounts
receivable. The Company reviews the credit
histories of its customers before extending unsecured credit.
The Company presents accounts and notes receivable, net of an
allowance for doubtful accounts. Each quarter, the
Company prepares an analysis of its ability to collect
outstanding receivables that provides a basis for an
allowance estimate for doubtful accounts. In doing
so, the Company evaluates the age of its receivables, past
collection history, current financial conditions of key
customers and its joint ventures, and economic
conditions. Based on this evaluation, the Company
establishes a reserve for specific accounts and notes
receivable that it believes are uncollectible, as well as an
estimate of uncollectible receivables not specifically
known. Deterioration in the financial condition of
any key customer or a significant slowdown in the economy
could have a material negative impact on the Company’s
ability to collect a portion or all of the accounts and notes
receivable. The Company believes that an analysis
of historical trends and its current knowledge of potential
collection problems provide the Company with sufficient
information to establish a reasonable estimate for an
allowance for doubtful accounts. In the event the
Company determined that a smaller or larger uncollectible
accounts reserve is appropriate, the Company would record a
credit or charge to selling expense in the period that it
made such a determination. Accounts receivable
have been reduced by an allowance for uncollectible accounts
of $20,000 at August 31, 2012 and 2011. Accounts
are considered past due based on terms agreed upon between
the Company and the customer. Accounts receivable
are written-off only after all collection attempts have
failed and are based on individual credit evaluation and
specific circumstances of the customer.
Receivables from
Joint Ventures – Trade receivables from joint
ventures arise from sales the Company makes to its joint
ventures of products. Receivables for services to
the Company’s joint ventures are based primarily on a
contractual percentage of the sales of the joint ventures and
are intended to compensate the Company for services the
Company provides to its joint ventures, including consulting,
legal, travel, insurance, technical and marketing
services. Payment terms for the Company’s
joint ventures also are determined based on credit risk;
however, additional consideration also is given to the
individual joint venture due to the transportation time
associated with ocean delivery of most products and certain
other factors. Generally, accounts receivable from
the Company’s joint ventures unpaid after 90 days are
considered past due. The Company does not accrue
interest on past due accounts receivable. The
Company periodically reviews amounts due from its joint
ventures for collectability, and based on past experience and
continuous review of the balances due, has determined an
allowance for doubtful accounts related to its joint venture
receivables is not necessary.
Fees for
Services Provided to Joint Ventures – The
Company provides certain services to its joint ventures
including consulting, legal, travel, insurance, technical and
marketing services. The Company receives fees for
the services it provides to its joint
ventures. The fees for services received by the
Company from its joint ventures are generally based on either
a flat fee or a percentage of net sales by the
Company’s joint ventures depending on local laws and
tax regulations. The Company recognizes revenues
related to fees for services provided to its joint ventures
when earned, amounts are determinable and collectability is
reasonably assured. Under the Company’s
agreements with its joint ventures, amounts are earned when
product is shipped from joint venture
facilities. The Company reviews the financial
situation of each of its joint ventures to assist in the
likelihood of collections on amounts earned. The
Company elects to account for these fees on a cash basis for
certain joint ventures if uncertainty exists surrounding the
collection of such fees.
Cash and Cash
Equivalents - The Company includes as cash and cash
equivalents highly liquid, short-term investments with
maturity of three months or less when purchased, which are
readily convertible into known amounts of
cash. The Company maintains its cash in high
quality financial institutions. The balances, at
times, may exceed federally insured limits.
Inventories
- Inventories are recorded at the lower of cost (first-in,
first-out basis) or market.
Property and
Depreciation - Property and equipment are stated at
cost. Depreciation is computed using the
straight-line method based on the estimated service lives of
the various assets as follows:
Investments in
Joint Ventures - Investments in the Company’s
joint ventures are accounted for using the equity
method. Under the equity method, investments are
initially recorded at cost and are adjusted for dividends,
distributed and undistributed earnings and losses, changes in
foreign currency exchange rates and additional
investments. In the event the Company’s
share of joint venture’s cumulative losses exceed the
Company’s investment balance, the balance is reported
at zero value until proportionate income exceeds the
losses. The Company assesses its joint ventures
for impairment on an annual basis as of August 31 of each
year as part of its fiscal year end analysis. In
addition to the annual review for impairment, the Company
reviews the operating results of each joint venture on a
quarterly basis in comparison to its historical operating
results and its accrual of fees for services provided to
joint ventures. If the operating results of a
joint venture do not meet financial performance expectations,
an additional evaluation is performed on the joint
venture. If an investment were determined to be
impaired, then a reserve is created to reflect the impairment
on the financial results of the Company. The
Company’s evaluation of its investments in joint
ventures requires the Company to make assumptions about
future cash flows of its joint ventures. These
assumptions require significant judgment and actual results
may differ from assumed or estimated amounts.
Recoverability
of Long-Lived Assets - The Company reviews its
long-lived assets whenever events or changes in circumstances
indicate the carrying amount of the assets may not be
recoverable. The Company determines potential
impairment by comparing the carrying value of the assets with
expected net cash flows expected to be provided by operating
activities of the business or related products. If
the sum of the expected undiscounted future net cash flows is
less than the carrying value, the Company evaluates if an
impairment loss should be recognized. An
impairment loss is measured by comparing the amount by which
the carrying value exceeds the fair value of the
asset.
Income
Taxes - The Company utilizes the liability method of
accounting for income taxes which requires an asset and
liability approach to financial accounting and reporting for
income taxes. Deferred income tax assets and
liabilities are determined based on the differences between
the financial statement and tax basis of assets and
liabilities using enacted tax rates in effect for the year in
which the differences are expected to reverse. The effect of
a change in tax rates on deferred tax assets and liabilities
is recognized in income in the period that includes the
enactment date.
The
Company records net deferred tax assets to the extent the
Company believes these assets will more likely than not be
realized. In making such a determination, the Company
considers all available positive and negative evidence,
including future reversals of existing taxable temporary
differences, projected future taxable income, tax-planning
strategies, and results of recent operations. In the event
the Company determines that it would be able to realize its
deferred income tax assets in the future in excess of their
net recorded amount, the Company would make an adjustment to
the deferred tax asset valuation allowance, which would
reduce the provision for income taxes.
The
Company records uncertain tax positions on the basis of a
two-step process whereby (1) the Company determines whether
it is more likely than not that the tax positions will be
sustained based on the technical merits of the position and
(2) those tax positions that meet the more-likely-than-not
recognition threshold. The Company recognizes the
largest amount of tax benefit that is greater than 50 percent
likely to be realized upon ultimate settlement with the
related tax authority.
Foreign Currency
Translation (Accumulated Other Comprehensive Income) -
The functional currency of Zerust Brazil and each
unconsolidated international joint venture is the applicable
local currency. The translation of the applicable
foreign currencies into U.S. dollars is performed for balance
sheet accounts using exchange rates in effect at the balance
sheet date and for revenue and expense accounts using an
average monthly exchange rate. Translation gains
or losses are reported as an element of other comprehensive
income.
The
Company (excluding Zerust Brazil and its joint ventures)
conducts all foreign transactions based on the U.S.
dollar. Since investments in joint ventures are
accounted for using the equity method, any changes in foreign
currency exchange rates are reflected as a foreign currency
translation adjustment and does not change the equity in
income of joint ventures reflected in the Company’s
consolidated statements of operations.
Fair Value of
Financial Instruments – The carrying value of
cash, short-term accounts and notes receivable, notes
payable, trade accounts payables, and other accrued expenses
approximate fair value because of the short maturity of those
instruments. The fair value of the Company’s long-term
debt approximates the carrying values based upon current
market rates of interest.
Shipping and
Handling - The Company records all amounts billed to
customers in a sales transaction related to shipping and
handling as sales. The Company records costs
related to shipping and handling in cost of goods
sold.
Government
Grants - The Company accrues proceeds received under
the grants when earned based on the terms of the contracts
and offsets research and development expenses incurred in
equal installments over the timelines associated with
completion of the grant specific objectives and
milestones.
Research and
Development - The Company expenses all costs related
to product research and development as incurred. The
costs related to product research and development are the net
amount after being reduced by reimbursements related to
certain research and development contracts of $365,940 and
$219,175 for fiscal 2012 and fiscal 2011, respectively.
The Company accrues proceeds received under such contracts
and offsets research and development expenses incurred in
equal installments over the timelines associated with
completion of the contracts’ specific objectives and
milestones. At August 31, 2012 and 2011, the Company
had $96,861 and $0, respectively, of deferred
amounts in other accrued liabilities as the Company had not
yet performed under the obligations of the contract at that
time.
Stock-Based
Compensation – The Company recognizes
compensation cost relating to share-based payment
transactions, including grants of employee stock options and
transactions under the Company’s employee stock
purchase plan, in its consolidated financial
statements. That cost is measured based on the
fair value of the equity or liability instruments
issued. The Company measures the cost of
employee services received in exchange for stock options and
other stock-based awards based on the grant-date fair value
of the award, and recognizes the cost over the period the
employee is required to provide services for the
award.
Use of
Estimates - The preparation of the financial
statements in conformity with accounting principles generally
accepted in the United States of America requires management
to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual
results could differ from those estimates.
|
| X | ||||||||||
|
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 2 - Recently Issued Accounting Pronouncements
|
12 Months Ended |
|---|---|
|
Aug. 31, 2012
|
|
| Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
2. RECENTLY
ISSUED ACCOUNTING PRONOUNCEMENTS
In
May 2011, the Financial Accounting Standards Board (FASB)
issued Accounting Standards Update (ASU) No. 2011-04,
“Amendments to
Achieve Common Fair Value Measurement and Disclosure
Requirements in U.S. GAAP and International Financial
Reporting Standards (IFRS).” This pronouncement
was issued to provide a consistent definition of fair value
and ensure that the fair value measurement and disclosure
requirements are similar between U.S. GAAP and IFRS. ASU
2011-04 changes certain fair value measurement principles and
enhances the disclosure requirements particularly for Level 3
fair value measurements. This pronouncement is effective for
reporting periods beginning on or after December 15, 2011,
with early adoption prohibited. The new guidance will require
prospective application. The Company will adopt
this guidance at the beginning of its fiscal
2013. Adoption of this guidance is not expected to
have a material impact on the Company’s consolidated
results of operations or financial position.
|
| X | ||||||||||
|
- Definition
Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 3 - Inventories
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
|||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Text Block] |
3. INVENTORIES
Inventories
consisted of the following:
|
||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 4 - Property and Equipment, Net
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
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| Property, Plant and Equipment Disclosure [Text Block] |
4. PROPERTY
AND EQUIPMENT, NET
Property
and equipment, net consisted of the following:
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| X | ||||||||||
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- Definition
The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 5 - Patents and Trademarks, Net
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| Intangible Assets Disclosure [Text Block] |
5. PATENTS
AND TRADEMARKS, NET
Patents
and trademarks, net consisted of the following:
Patent
and trademark costs are amortized over seven
years. Costs incurred related to patents and
trademarks are capitalized until filed and approved, at which
time the amounts capitalized to date are amortized and any
further costs, including maintenance costs, are expensed as
incurred. Amortization expense is estimated to
approximate $160,000 in each of the next five fiscal
years.
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- Definition
The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 6 - Investments in Joint Ventures
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| Equity Method Investments and Joint Ventures Disclosure [Text Block] |
6. INVESTMENTS
IN JOINT VENTURES
The
financial statements of the Company’s foreign joint
ventures are initially prepared using the accounting
principles accepted in the respective joint ventures’
countries of domicile. Amounts related to foreign
joint ventures reported in the below tables and the
accompanying financial statements have subsequently been
adjusted to conform with accounting principles generally
accepted in the United States of America in all material
respects. All material profits recorded on sales
from the Company to its joint ventures have been eliminated
for financial reporting purposes.
Financial
information from the audited and unaudited financial
statements of EXCOR and NTI ASEAN, and all of the
Company’s other joint ventures, are summarized as
follows:
The
Company records expenses that are directly attributable to
the joint ventures on its consolidated statements of
operations on the line “Expenses incurred in support of
joint ventures”. The expenses include items
such as employee compensation and benefit expenses, travel
expense, consulting expense and legal expense.
During
fiscal 2011, the Company invested $38,217, respectively, in a
joint venture in Russia to specifically engage in the oil and
gas industry. The Company has a 50% ownership
interest in this Russian joint venture.
During
fiscal 2012, both the Company and the other 50% owner in
Harita NTI Limited agreed to receive additional equity
interest in consideration for outstanding fees for services
receivable of $484,545 due to each party. The
Company did not make any other joint venture investments
during fiscal 2012 and fiscal 2011.
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| X | ||||||||||
|
- Definition
The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 7 - Corporate Debt
|
12 Months Ended |
|---|---|
|
Aug. 31, 2012
|
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| Debt Disclosure [Text Block] |
7. CORPORATE
DEBT
As
of May 31, 2012, Northern Technologies Holding Company, LLC
(NTI LLC) had a term loan with a principal amount of
$1,009,533 outstanding that NTI LLC obtained from PNC Bank,
National Association (PNC Bank) in connection with the
purchase of NTIC’s corporate headquarters in September
2006. The term loan matures on January 10, 2016,
bears interest at an annual rate based on the daily LIBOR
rate plus 2.15% and is payable in consecutive monthly
installments equal to approximately $6,343 (inclusive of
principal but exclusive of interest). The term
loan is secured by a first lien on the real estate and
building owned by NTI LLC and all of the assets of the
Company and is guaranteed by the Company.
The
Company has a revolving line of credit with PNC Bank of
$3,000,000 that expires on January 9, 2013. No
amounts were outstanding under the line of credit as of
August 31, 2012 and August 31, 2011. It is
anticipated that the Company will attempt to renew the line
of credit prior to the January 9, 2013 expiration
date. At the option of the Company, outstanding
advances under the line of credit bear interest at either (a)
an annual rate based on LIBOR plus 2.15% for the applicable
LIBOR interest period selected by the Company or (b) at the
rate publicly announced by PNC Bank from time to time as its
prime rate. Interest is payable in arrears (a) for the
portion of advances bearing interest under the prime rate on
the last day of each month during the term thereof and (b)
for the portion of advances bearing interest under the LIBOR
option on the last day of the respective LIBOR interest
period selected for such advance. Any unpaid
interest is payable on the maturity date. As of
August 31, 2012, the interest rate was 3.18% and the weighted
average rate was 3.17% for fiscal 2012. As of
August 31, 2011, the interest rate was 2.50% and the weighted
average rate was 2.43% for fiscal 2011. The
revolving line of credit is secured by cash, receivables and
inventory.
The
term loan and the line of credit are governed under separate
loan agreements (collectively, the Loan
Agreements). The Loan Agreements contain standard
covenants, including affirmative financial covenants, such as
the maintenance of a minimum fixed charge coverage ratio, and
negative covenants, which, among other things, limit the
incurrence of additional indebtedness, loans and equity
investments, disposition of assets, mergers and
consolidations and other matters customarily restricted in
such agreements. Under the Loan Agreements, the Company is
subject to a minimum fixed charge coverage ratio of
1.10:1.00. As of August 31, 2012 the Company is in
compliance with all debt covenants.
On
January 10, 2012, the Company and PNC Bank entered into a
Waiver and First Amendment to Loan Documents pursuant to
which the Company and PNC Bank amended the loan agreement and
other documents evidencing the Company’s $3,000,000
line of credit with PNC Bank effective as of January 11, 2012
to extend the maturity date of the line of credit from
January 10, 2012 to January 9, 2013, and waive a technical
covenant default by the Company to deliver a compliance
certificate for the period ended November 30,
2011. All other terms of the line of credit and
the loan agreement and other documents evidencing the line of
credit remain the same.
|
| X | ||||||||||
|
- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Note 8 - Stockholders' Equity
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
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| Stockholders' Equity Note Disclosure [Text Block] |
8. STOCKHOLDERS’
EQUITY
During
fiscal 2012, the Company did not purchase or retire any
shares of its common stock. The following stock
options to purchase shares of common stock were exercised
during fiscal 2012:
The
total intrinsic value of the options exercised during fiscal
2012 was $13,872.
During
fiscal 2012, the Company granted stock for payment of fiscal
2011 bonuses under the 2007 Plan for an aggregate of 42,707
shares of its common stock to various employees at a grant
price of $14.42 per share. The aggregate fair
value of the shares of the Company’s common stock as of
the date of grant of the stock bonuses was $615,830, based on
the closing sale price of a share of the Company’s
common stock on the date of grant. The fair value of common
stock granted during fiscal 2012 was based on fiscal 2011
performance and was included in accrued liabilities at August
31, 2011.
During
fiscal 2011, the Company granted stock for payment of fiscal
2010 bonuses under the 2007 Plan for an aggregate of 22,686
shares of its common stock to various employees at a grant
price of $14.09 per share. The aggregate fair
value of the shares of the Company’s common stock as of
the date of grant of the stock bonuses was $319,649, based on
the closing sale price of a share of the Company’s
common stock on the date of grant. The fair value
of common stock granted during fiscal 2011 was based on
fiscal 2010 performance and was included in accrued
liabilities at August 31, 2010.
During
fiscal 2011, the Company did not purchase or retire any
shares of its common stock. The following stock
options to purchase shares of common stock were exercised
during fiscal 2011:
The
total intrinsic value of the options exercised during fiscal
2011 was $480,203.
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| X | ||||||||||
|
- Definition
The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Note 9 - Total Comprehensive Income
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| Comprehensive Income (Loss) Note [Text Block] |
9. TOTAL
COMPREHENSIVE INCOME
The
Company’s total comprehensive income was as follows for
fiscal 2012 and fiscal 2011:
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| X | ||||||||||
|
- Definition
The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Note 10 - Net Income Per Common Share
|
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| Earnings Per Share [Text Block] |
10. NET
INCOME PER COMMON SHARE
Basic
net income per common share is computed by dividing net
income by the weighted average number of common shares
outstanding. Diluted net income per share assumes
the exercise of stock options using the treasury stock
method, if dilutive.
Options
to purchase shares of common stock of 48,000 were excluded
from the computation of common share equivalents for fiscal
2012, as the exercise prices of such options were greater
than market price of a share of common stock. No
options to purchase shares of common stock were excluded from
the computation of common share equivalents for fiscal
2011.
The
following is a reconciliation of the earnings per share
computation for fiscal 2012 and fiscal 2011:
The
dilutive impact summarized above relates to the periods when
the average market price of Company stock exceeded the
exercise price of the potentially dilutive option securities
granted. Earnings per common share were based on
the weighted average number of common shares outstanding
during the periods when computing the basic earnings per
share. When dilutive, stock options are included
as equivalents using the treasury stock market method when
computing the diluted earnings per share.
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| X | ||||||||||
|
- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 11 - Stock-Based Compensation
|
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| Disclosure of Compensation Related Costs, Share-based Payments [Text Block] |
11. STOCK-BASED
COMPENSATION
The
Company has two stock-based compensation plans under which
stock options and other stock-based awards have been granted,
the Northern Technologies International Corporation Amended
and Restated 2007 Stock Incentive Plan (the 2007 Plan) and
the Northern Technologies International Corporation Employee
Stock Purchase Plan (the ESPP). The Compensation
Committee of the Board of Directors and the Board of
Directors administers these plans.
The
2007 Plan provides for the grant of incentive stock options,
non-statutory stock options, stock appreciation rights,
restricted stock, stock unit awards, performance awards and
stock bonuses to eligible recipients to enable the Company
and its subsidiaries to attract and retain qualified
individuals through opportunities for equity participation in
the Company, and to reward those individuals who contribute
to the achievement of the Company’s economic
objectives. Subject to adjustment as provided in
the 2007 Plan, up to a maximum of 800,000 shares of the
Company’s common stock are issuable under the 2007
Plan. Options granted under the 2007 Plan
generally have a term of five years and become exercisable
over a three- or four-year period beginning on the one-year
anniversary of the date of grant. Options are
granted at per share exercise prices equal to the market
value of the Company’s common stock on the date of
grant. As of August 31, 2012, only stock options
and stock bonuses had been granted under the 2007
Plan.
The
maximum number of shares of common stock of the Company
available for issuance under the ESPP is 100,000 shares,
subject to adjustment as provided in the ESPP. The
ESPP provides for six-month offering periods beginning on
September 1 and March 1 of each year. The purchase
price of the shares is 90% of the lower of the fair market
value of common stock at the beginning or end of the offering
period. This discount may not exceed the maximum
discount rate permitted for plans of this type under Section
423 of the Internal Revenue Code of 1986, as
amended. The ESPP is compensatory for financial
reporting purposes.
The
fair value of option grants is determined at date of grant,
using the Black-Scholes option pricing model with the
assumptions listed below. The volatility factor used in
the Black-Scholes option pricing model is based on historical
stock price fluctuations and the risk free interest rate is
based on U.S. treasury rates appropriate for the expected
term. Dividend yield and expected volatility are
estimated using historical amounts that are anticipated to be
consistent with current values. Expected life of
option is based on the life of the option
agreements. Based on these valuations, the Company
recognized compensation expense of $288,396 and $177,937
during fiscal 2012 and 2011, respectively, related to the
options that vested during such time period. As of
August 31, 2012, the total compensation cost for nonvested
options not yet recognized in the Company’s
consolidated statements of operations was
$28,076. That cost is expected to be recognized
over an expected weighted-average period of one
year. Stock-based compensation expense of $28,076
is expected to be recognized during fiscal 2013, based on
outstanding options as of August 31, 2012. Future
option grants will impact the compensation expense
recognized.
The
Company currently estimates a ten percent forfeiture rate for
stock options, but will continue to review this estimate in
future periods.
The
fair value of each option grant is estimated on the grant
date using the Black-Scholes option-pricing model with the
following assumptions and results for the grants:
Stock
option activity during the periods indicated is as
follows:
The
weighted average per share fair value of options granted
during fiscal 2012 and fiscal 2011 were $7.14 and $3.60,
respectively. The weighted average remaining
contractual life of the options outstanding as of August 31,
2012 and 2011 was 2.14 years and 2.80 years,
respectively.
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| X | ||||||||||
|
- Definition
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Note 12 - Geographic And Segment Information
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Aug. 31, 2012
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| Segment Reporting Disclosure [Text Block] |
12. GEOGRAPHIC
AND SEGMENT INFORMATION
Net
sales by geographic location as a percentage of total
consolidated net sales were as follows:
Net
sales by geographic location are based on the location of the
customer.
Fees
for services provided to joint ventures by geographic
location as a percentage of total fees for services provided
to joint ventures during fiscal 2012 and fiscal 2011 were as
follows:
The
following table sets forth the Company’s net sales for
fiscal 2012 and fiscal 2011 by segment:
The
following table sets forth the Company’s cost of goods
sold for fiscal 2012 and fiscal 2011 by segment:
The
Company’s management utilizes product net sales and
direct and indirect cost of goods sold for each product in
reviewing the financial performance of a product
type. Further allocation of Company expenses or
assets, aside from amounts presented in the tables above, is
not utilized in evaluating product performance, nor does such
allocation occur for internal financial reporting.
Sales
to the Company’s joint ventures are included in the
foregoing geographic and segment information, however, sales
by the Company’s joint ventures to other parties are
not included. The foregoing geographic and segment
information represents only sales and cost of goods sold
recognized directly by the Company.
The
geographical distribution of key financial statement data is
as follows:
Total assets
primarily consist of cash and cash equivalents, customer
receivables and inventory. These assets are
periodically reviewed to assure the net realizable value from
the estimated future production based on forecasted
sales exceeds the carrying value of the assets.
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| X | ||||||||||
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 13 - Retirement Plan
|
12 Months Ended |
|---|---|
|
Aug. 31, 2012
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| Pension and Other Postretirement Benefits Disclosure [Text Block] |
13. RETIREMENT
PLAN
The
Company has a 401(k) employee savings
plan. Employees who meet certain age and service
requirements may elect to contribute up to 15% of their
salaries. The Company typically contributes the
lesser of 50% of the participant’s contributions or
3.5% of the employee’s salary. The Company
recognized expense for the savings plan of $166,201 and
$150,223 for fiscal 2012 and fiscal 2011,
respectively.
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| X | ||||||||||
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- Definition
The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 14 - Related Party Transactions
|
12 Months Ended |
|---|---|
|
Aug. 31, 2012
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| Related Party Transactions Disclosure [Text Block] |
14. RELATED
PARTY TRANSACTIONS
During
fiscal 2012 and fiscal 2011, the Company made consulting
payments totaling $100,000 per year, to Bioplastic Polymers
LLC, an entity owned by Ramani Narayan, Ph.D., a director of
the Company, and paid royalties of $7,745 and $5,624,
respectively, based on net sales of the Company’s
bioplastics products.
|
| X | ||||||||||
|
- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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Note 15 - Income Taxes
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| Income Tax Disclosure [Text Block] |
15. INCOME
TAXES
The
provision for income taxes for the fiscal years ended
August 31, 2012 and 2011 consists of the
following:
Reconciliations
of the expected federal income tax at the statutory rate with
the provisions for income taxes for the fiscal years ended
August 31, 2012 and 2011 are as follows:
The
Company has not provided U.S. income taxes or foreign
withholding taxes with respect to its portion of the
cumulative undistributed earnings of foreign joint ventures
that are essentially permanent in duration. The
Company’s portion of the cumulative undistributed
earnings of foreign joint ventures that are essentially
permanent in duration were $18,185,000 and $17,948,000 at
August 31, 2012 and 2011, respectively. If some or all
of the undistributed earnings of the joint ventures are
remitted to the Company in the future, income taxes, if any,
after the application of foreign tax credits will be provided
at that time. To the extent undistributed earnings
of the Company’s joint ventures are distributed in the
future, it is not expected to result in any material
additional income tax liability after the application of
foreign tax credits.
The
tax effect of the temporary differences and tax carry
forwards comprising the net deferred taxes shown on the
consolidated balance sheets at August 31, 2012 and 2011
are as follows:
At
August 31, 2012, the Company had foreign tax credit
carryforwards of approximately $3,438,300, of which
approximately $469,000 will expire if not utilized by August
31, 2013. In addition, the Company had federal and
state tax credit carryforwards of $1,494,800 at August 31,
2012 which begin to expire in fiscal 2019. These
federal and state tax credit carryforwards consist primarily
of federal and Minnesota research and development credit
carryforwards.
The
Company has recorded a valuation allowance of $3,438,300 with
respect to the foreign tax credit carryforwards. In
addition, the Company has recorded a valuation allowance of
$1,494,800 with respect to Minnesota research and development
credit carryforwards.
The
Company records a tax valuation allowance to reduce deferred
tax assets to the amount expected to be realized when it is
more likely than not that some portion or all of its deferred
tax assets will not be realized. The Company determined
based on all available evidence, including historical data
and projections of future results, that it is more likely
than not that all of its deferred tax assets, except for its
foreign tax credit carryforward and Minnesota research and
development credit carryforwards, will be fully
realized. The Company determined that its deferred tax
asset related to foreign tax credit carryforwards will not be
realized due to insufficient federal taxable income within
the carryforward period and the fact that for ordering
purposes the foreign tax credit carryforwards are not allowed
to be used until after any current year foreign tax credits
are utilized. In addition, based on historical data and
future projections, the Company determined that it is more
likely than not that its deferred tax asset related to
federal and Minnesota research and development credit
carryforwards will not be realized due to insufficient
federal and Minnesota taxable income within the carryforward
period after considering the foreign tax credit usage.
The
following is a tabular reconciliation of the total amounts of
unrecognized tax benefits:
The
entire amount of unrecognized tax benefits would affect the
effective tax rate. It is not expected that the amount
of unrecognized tax benefits will change significantly in the
next 12 months.
The
Company recognizes interest and penalties related to
unrecognized tax benefits as a component of the
Company’s income tax provision. Accrued
interest and penalties are included within the related tax
liability line in the consolidated balance
sheet. The liability for the payment of interest
and penalties was $0 at both August 31, 2012 and August 31,
2011.
The
Company is subject to taxation in the United States and
various states and foreign jurisdictions. With few
exceptions, as of August 31, 2012, the Company is no longer
subject to federal, state, local, or foreign examinations by
tax authorities for years prior to August 31, 2009.
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| X | ||||||||||
|
- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 16 - Commitments and Contingencies
|
12 Months Ended |
|---|---|
|
Aug. 31, 2012
|
|
| Commitments and Contingencies Disclosure [Text Block] |
16. COMMITMENTS
AND CONTINGENCIES
On
September 27, 2011, the Compensation Committee approved the
material terms of an annual bonus plan for the
Company’s executive officers and certain officers and
employees for the fiscal year ending August 31,
2012. For fiscal 2012 as in past years, the total
amount available under the bonus plan will be up to 25% of
the Company’s EBITOI and will be $0 if EBITOI is below
70% of a pre-established target EBITOI for fiscal
2012. Each plan participant’s percentage of
the overall bonus pool will be based upon the number of plan
participants, the individual’s annual base salary and
the individual’s position and level of responsibility
within the company. In the case of each of the
Company’s executive officer participants, 75% of the
amount of their individual bonus payout will be determined
based upon the Company’s actual EBITOI for fiscal 2012
compared to the pre-established target EBITOI for fiscal 2012
and 25% of the payout will be determined based upon such
executive officer’s achievement of certain
pre-established individual performance
objectives. The payment of bonuses under the plan
are discretionary and may be paid to executive officer
participants in both cash and shares of NTIC common stock,
the exact amount and percentages of which will be determined
by the Company’s Board of Directors, upon
recommendation of the Compensation Committee, after the
completion of the Company’s consolidated financial
statements for fiscal 2012.
There
was $1,248,526 accrued for bonuses under this plan as of
August 31, 2012. $1,379,565 was accrued for
bonuses under the prior fiscal year plan as of August 31,
2011.
On
August 31, 2012, the Compensation Committee approved the
material terms of an annual bonus plan for the
Company’s executive officers and certain officers and
employees for the fiscal year ending August 31,
2013. For fiscal 2013 as in past years, the total
amount available under the bonus plan will be up to 25% of
the Company’s EBITOI and will be $0 if EBITOI is below
70% of a pre-established target EBITOI for fiscal
2013. Each plan participant’s percentage of
the overall bonus pool will be based upon the number of plan
participants, the individual’s annual base salary and
the individual’s position and level of responsibility
within the company. In the case of each of the
Company’s executive officer participants, 75% of the
amount of their individual bonus payout will be determined
based upon the Company’s actual EBITOI for fiscal 2013
compared to the pre-established target EBITOI for fiscal 2013
and 25% of the payout will be determined based upon such
executive officer’s achievement of certain
pre-established individual performance
objectives. The payment of bonuses under the plan
are discretionary and may be paid to executive officer
participants in both cash and shares of NTIC common stock,
the exact amount and percentages of which will be determined
by the Company’s Board of Directors, upon
recommendation of the Compensation Committee, after the
completion of the Company’s consolidated financial
statements for fiscal 2013.
A
subsidiary of the Company, NTI Facilities, Inc., leases
property located at 23205 Mercantile Road, Beachwood,
Ohio. Remaining rentals payable under such leases
are as follows: fiscal 2013 - $238,500; fiscal 2014 - $59,500
and thereafter - $0.
Three
joint ventures accounted for 55.3% of the Company’s
trade joint venture receivables at August 31, 2012 and one
joint venture accounted for 53.5% of the Company’s
trade joint venture receivables at August 31, 2011.
From
time to time, the Company is subject to various claims and
legal actions in the ordinary course of its
business. The Company is not currently involved in
any legal proceeding in which the Company believes, based on
information currently available, that there is a reasonable
possibility of a material loss.
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| X | ||||||||||
|
- Definition
The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 17 - Statements of Cash Flows
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Aug. 31, 2012
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| Cash Flow, Supplemental Disclosures [Text Block] |
17. STATEMENTS
OF CASH FLOWS
Supplemental
disclosures of cash flow information for the fiscal years
ended August 31, 2012 and 2011 consist of:
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| X | ||||||||||
|
- Definition
The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 18 - Quarterly Information (Unaudited)
|
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| Quarterly Financial Information [Text Block] |
18. QUARTERLY
INFORMATION (UNAUDITED)
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| X | ||||||||||
|
- Definition
The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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|
Accounting Policies, by Policy (Policies)
|
12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
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| Consolidation, Policy [Policy Text Block] | Principles of
Consolidation - The Company evaluates its voting and
variable interests in entities on a qualitative and
quantitative basis. The Company consolidates
entities in which it concludes it has the power to direct the
activities that most significantly impact an entity’s
economic success and has the obligation to absorb losses or
the right to receive benefits that could be significant to
the entity. All such relationships are evaluated
on an ongoing basis. The consolidated financial
statements include the accounts of Northern Technologies
International Corporation, its wholly owned subsidiaries, NTI
Facilities, Inc. and Northern Technologies Holding Company,
LLC, and its majority owned Brazilian subsidiary, Zerust
Prevenção de Corrosão S.A. (Zerust
Brazil). All significant intercompany transactions
and balances have been eliminated in
consolidation. The consolidated financial
statements do not include the accounts of any of the
Company’s joint ventures. |
|||||||
| Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] | Noncontrolling
interest – The Company owns 85% of Zerust
Brazil. The remaining 15% is accounted for as a
noncontrolling interest and reported as part of equity in the
consolidated financial statements. The Company
allocates gains and losses to the noncontrolling interest
even when such allocation might result in a deficit balance,
reducing the losses attributed to the controlling interest,
changes in ownership interests would be treated as equity
transactions if control is maintained. |
|||||||
| Revenue Recognition, Policy [Policy Text Block] | Net Sales
–The Company includes net sales to its joint ventures
and net sales to unaffiliated customers as separate line
items on its consolidated statements of
operations. There are no sales originating from
the Company’s joint ventures included in the amount, as
the Company’s investments in its joint ventures are
accounted for using the equity method.
Revenue
Recognition – The Company recognizes revenue
from the sale of its products when persuasive evidence of an
arrangement exists, the product has been delivered, the price
is fixed and determinable and collection of the resulting
receivable is reasonably assured. These criteria
are met when risk of loss and title pass to the customer,
distributor or joint venture entity.
Deferred Joint
Venture Revenue – The Company periodically
sponsors a worldwide joint venture conference, in which all
of its joint ventures are invited to
participate. It defers a portion of its service
fees received from its joint ventures in each accounting
period leading up to the next conference, reflecting that the
Company has not earned portions of the payments
received. The next joint venture conference is
scheduled to be held in the summer of 2013. At
both August 31, 2012 and 2011, the Company had deferred
$288,000 of joint venture fees for services related to this
future conference, which represents the amount that the
Company expects to spend to hold the
conference. This amount is based on the historical
experience of the Company, current conditions, and the
intentions of the Company’s management. The
Company does not anticipate deferring any additional service
fees until after the next conference.
Accounts
Receivable – Payment terms for the
Company’s unaffiliated customers are determined based
on credit risk and vary by customer. The Company
typically offers standard payments terms to unaffiliated
customers of net 30 days. The Company does not
accrue interest on past due accounts
receivable. The Company reviews the credit
histories of its customers before extending unsecured credit.
The Company presents accounts and notes receivable, net of an
allowance for doubtful accounts. Each quarter, the
Company prepares an analysis of its ability to collect
outstanding receivables that provides a basis for an
allowance estimate for doubtful accounts. In doing
so, the Company evaluates the age of its receivables, past
collection history, current financial conditions of key
customers and its joint ventures, and economic
conditions. Based on this evaluation, the Company
establishes a reserve for specific accounts and notes
receivable that it believes are uncollectible, as well as an
estimate of uncollectible receivables not specifically
known. Deterioration in the financial condition of
any key customer or a significant slowdown in the economy
could have a material negative impact on the Company’s
ability to collect a portion or all of the accounts and notes
receivable. The Company believes that an analysis
of historical trends and its current knowledge of potential
collection problems provide the Company with sufficient
information to establish a reasonable estimate for an
allowance for doubtful accounts. In the event the
Company determined that a smaller or larger uncollectible
accounts reserve is appropriate, the Company would record a
credit or charge to selling expense in the period that it
made such a determination. Accounts receivable
have been reduced by an allowance for uncollectible accounts
of $20,000 at August 31, 2012 and 2011. Accounts
are considered past due based on terms agreed upon between
the Company and the customer. Accounts receivable
are written-off only after all collection attempts have
failed and are based on individual credit evaluation and
specific circumstances of the customer.
Receivables from
Joint Ventures – Trade receivables from joint
ventures arise from sales the Company makes to its joint
ventures of products. Receivables for services to
the Company’s joint ventures are based primarily on a
contractual percentage of the sales of the joint ventures and
are intended to compensate the Company for services the
Company provides to its joint ventures, including consulting,
legal, travel, insurance, technical and marketing
services. Payment terms for the Company’s
joint ventures also are determined based on credit risk;
however, additional consideration also is given to the
individual joint venture due to the transportation time
associated with ocean delivery of most products and certain
other factors. Generally, accounts receivable from
the Company’s joint ventures unpaid after 90 days are
considered past due. The Company does not accrue
interest on past due accounts receivable. The
Company periodically reviews amounts due from its joint
ventures for collectability, and based on past experience and
continuous review of the balances due, has determined an
allowance for doubtful accounts related to its joint venture
receivables is not necessary.
Fees for
Services Provided to Joint Ventures – The
Company provides certain services to its joint ventures
including consulting, legal, travel, insurance, technical and
marketing services. The Company receives fees for
the services it provides to its joint
ventures. The fees for services received by the
Company from its joint ventures are generally based on either
a flat fee or a percentage of net sales by the
Company’s joint ventures depending on local laws and
tax regulations. The Company recognizes revenues
related to fees for services provided to its joint ventures
when earned, amounts are determinable and collectability is
reasonably assured. Under the Company’s
agreements with its joint ventures, amounts are earned when
product is shipped from joint venture
facilities. The Company reviews the financial
situation of each of its joint ventures to assist in the
likelihood of collections on amounts earned. The
Company elects to account for these fees on a cash basis for
certain joint ventures if uncertainty exists surrounding the
collection of such fees. |
|||||||
| Revenue Recognition, Deferred Revenue [Policy Text Block] | Deferred Joint
Venture Revenue – The Company periodically
sponsors a worldwide joint venture conference, in which all
of its joint ventures are invited to
participate. It defers a portion of its service
fees received from its joint ventures in each accounting
period leading up to the next conference, reflecting that the
Company has not earned portions of the payments
received. The next joint venture conference is
scheduled to be held in the summer of 2013. At
both August 31, 2012 and 2011, the Company had deferred
$288,000 of joint venture fees for services related to this
future conference, which represents the amount that the
Company expects to spend to hold the
conference. This amount is based on the historical
experience of the Company, current conditions, and the
intentions of the Company’s management. The
Company does not anticipate deferring any additional service
fees until after the next conference. |
|||||||
| Receivables, Policy [Policy Text Block] | Accounts
Receivable – Payment terms for the
Company’s unaffiliated customers are determined based
on credit risk and vary by customer. The Company
typically offers standard payments terms to unaffiliated
customers of net 30 days. The Company does not
accrue interest on past due accounts
receivable. The Company reviews the credit
histories of its customers before extending unsecured credit.
The Company presents accounts and notes receivable, net of an
allowance for doubtful accounts. Each quarter, the
Company prepares an analysis of its ability to collect
outstanding receivables that provides a basis for an
allowance estimate for doubtful accounts. In doing
so, the Company evaluates the age of its receivables, past
collection history, current financial conditions of key
customers and its joint ventures, and economic
conditions. Based on this evaluation, the Company
establishes a reserve for specific accounts and notes
receivable that it believes are uncollectible, as well as an
estimate of uncollectible receivables not specifically
known. Deterioration in the financial condition of
any key customer or a significant slowdown in the economy
could have a material negative impact on the Company’s
ability to collect a portion or all of the accounts and notes
receivable. The Company believes that an analysis
of historical trends and its current knowledge of potential
collection problems provide the Company with sufficient
information to establish a reasonable estimate for an
allowance for doubtful accounts. In the event the
Company determined that a smaller or larger uncollectible
accounts reserve is appropriate, the Company would record a
credit or charge to selling expense in the period that it
made such a determination. Accounts receivable
have been reduced by an allowance for uncollectible accounts
of $20,000 at August 31, 2012 and 2011. Accounts
are considered past due based on terms agreed upon between
the Company and the customer. Accounts receivable
are written-off only after all collection attempts have
failed and are based on individual credit evaluation and
specific circumstances of the customer. |
|||||||
| Receivables From Joint Ventures, Policy [Policy Text Block] | Receivables from
Joint Ventures – Trade receivables from joint
ventures arise from sales the Company makes to its joint
ventures of products. Receivables for services to
the Company’s joint ventures are based primarily on a
contractual percentage of the sales of the joint ventures and
are intended to compensate the Company for services the
Company provides to its joint ventures, including consulting,
legal, travel, insurance, technical and marketing
services. Payment terms for the Company’s
joint ventures also are determined based on credit risk;
however, additional consideration also is given to the
individual joint venture due to the transportation time
associated with ocean delivery of most products and certain
other factors. Generally, accounts receivable from
the Company’s joint ventures unpaid after 90 days are
considered past due. The Company does not accrue
interest on past due accounts receivable. The
Company periodically reviews amounts due from its joint
ventures for collectability, and based on past experience and
continuous review of the balances due, has determined an
allowance for doubtful accounts related to its joint venture
receivables is not necessary. |
|||||||
| Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash
Equivalents - The Company includes as cash and cash
equivalents highly liquid, short-term investments with
maturity of three months or less when purchased, which are
readily convertible into known amounts of
cash. The Company maintains its cash in high
quality financial institutions. The balances, at
times, may exceed federally insured limits. |
|||||||
| Inventory, Policy [Policy Text Block] | Inventories
- Inventories are recorded at the lower of cost (first-in,
first-out basis) or market. |
|||||||
| Property, Plant and Equipment, Policy [Policy Text Block] | Property and
Depreciation - Property and equipment are stated at
cost. Depreciation is computed using the
straight-line method based on the estimated service lives of
the various assets as follows:
|
|||||||
| Equity Method Investments, Policy [Policy Text Block] | Investments in
Joint Ventures - Investments in the Company’s
joint ventures are accounted for using the equity
method. Under the equity method, investments are
initially recorded at cost and are adjusted for dividends,
distributed and undistributed earnings and losses, changes in
foreign currency exchange rates and additional
investments. In the event the Company’s
share of joint venture’s cumulative losses exceed the
Company’s investment balance, the balance is reported
at zero value until proportionate income exceeds the
losses. The Company assesses its joint ventures
for impairment on an annual basis as of August 31 of each
year as part of its fiscal year end analysis. In
addition to the annual review for impairment, the Company
reviews the operating results of each joint venture on a
quarterly basis in comparison to its historical operating
results and its accrual of fees for services provided to
joint ventures. If the operating results of a
joint venture do not meet financial performance expectations,
an additional evaluation is performed on the joint
venture. If an investment were determined to be
impaired, then a reserve is created to reflect the impairment
on the financial results of the Company. The
Company’s evaluation of its investments in joint
ventures requires the Company to make assumptions about
future cash flows of its joint ventures. These
assumptions require significant judgment and actual results
may differ from assumed or estimated amounts. |
|||||||
| Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Recoverability
of Long-Lived Assets - The Company reviews its
long-lived assets whenever events or changes in circumstances
indicate the carrying amount of the assets may not be
recoverable. The Company determines potential
impairment by comparing the carrying value of the assets with
expected net cash flows expected to be provided by operating
activities of the business or related products. If
the sum of the expected undiscounted future net cash flows is
less than the carrying value, the Company evaluates if an
impairment loss should be recognized. An
impairment loss is measured by comparing the amount by which
the carrying value exceeds the fair value of the
asset. |
|||||||
| Income Tax, Policy [Policy Text Block] | Income
Taxes - The Company utilizes the liability method of
accounting for income taxes which requires an asset and
liability approach to financial accounting and reporting for
income taxes. Deferred income tax assets and
liabilities are determined based on the differences between
the financial statement and tax basis of assets and
liabilities using enacted tax rates in effect for the year in
which the differences are expected to reverse. The effect of
a change in tax rates on deferred tax assets and liabilities
is recognized in income in the period that includes the
enactment date.
The
Company records net deferred tax assets to the extent the
Company believes these assets will more likely than not be
realized. In making such a determination, the Company
considers all available positive and negative evidence,
including future reversals of existing taxable temporary
differences, projected future taxable income, tax-planning
strategies, and results of recent operations. In the event
the Company determines that it would be able to realize its
deferred income tax assets in the future in excess of their
net recorded amount, the Company would make an adjustment to
the deferred tax asset valuation allowance, which would
reduce the provision for income taxes.
The
Company records uncertain tax positions on the basis of a
two-step process whereby (1) the Company determines whether
it is more likely than not that the tax positions will be
sustained based on the technical merits of the position and
(2) those tax positions that meet the more-likely-than-not
recognition threshold. The Company recognizes the
largest amount of tax benefit that is greater than 50 percent
likely to be realized upon ultimate settlement with the
related tax authority. |
|||||||
| Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency
Translation (Accumulated Other Comprehensive Income) -
The functional currency of Zerust Brazil and each
unconsolidated international joint venture is the applicable
local currency. The translation of the applicable
foreign currencies into U.S. dollars is performed for balance
sheet accounts using exchange rates in effect at the balance
sheet date and for revenue and expense accounts using an
average monthly exchange rate. Translation gains
or losses are reported as an element of other comprehensive
income.
The
Company (excluding Zerust Brazil and its joint ventures)
conducts all foreign transactions based on the U.S.
dollar. Since investments in joint ventures are
accounted for using the equity method, any changes in foreign
currency exchange rates are reflected as a foreign currency
translation adjustment and does not change the equity in
income of joint ventures reflected in the Company’s
consolidated statements of operations. |
|||||||
| Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of
Financial Instruments – The carrying value of
cash, short-term accounts and notes receivable, notes
payable, trade accounts payables, and other accrued expenses
approximate fair value because of the short maturity of those
instruments. The fair value of the Company’s long-term
debt approximates the carrying values based upon current
market rates of interest. |
|||||||
| Shipping and Handling Cost, Policy [Policy Text Block] | Shipping and
Handling - The Company records all amounts billed to
customers in a sales transaction related to shipping and
handling as sales. The Company records costs
related to shipping and handling in cost of goods
sold. |
|||||||
| Government Contractors, Revenue Recognition, Policy [Policy Text Block] | Government
Grants - The Company accrues proceeds received under
the grants when earned based on the terms of the contracts
and offsets research and development expenses incurred in
equal installments over the timelines associated with
completion of the grant specific objectives and
milestones. |
|||||||
| Research, Development, and Computer Software, Policy [Policy Text Block] | Research and
Development - The Company expenses all costs related
to product research and development as incurred. The
costs related to product research and development are the net
amount after being reduced by reimbursements related to
certain research and development contracts of $365,940 and
$219,175 for fiscal 2012 and fiscal 2011, respectively.
The Company accrues proceeds received under such contracts
and offsets research and development expenses incurred in
equal installments over the timelines associated with
completion of the contracts’ specific objectives and
milestones. At August 31, 2012 and 2011, the Company
had $96,861 and $0, respectively, of deferred
amounts in other accrued liabilities as the Company had not
yet performed under the obligations of the contract at that
time. |
|||||||
| Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based
Compensation – The Company recognizes
compensation cost relating to share-based payment
transactions, including grants of employee stock options and
transactions under the Company’s employee stock
purchase plan, in its consolidated financial
statements. That cost is measured based on the
fair value of the equity or liability instruments
issued. The Company measures the cost of
employee services received in exchange for stock options and
other stock-based awards based on the grant-date fair value
of the award, and recognizes the cost over the period the
employee is required to provide services for the
award. |
|||||||
| Use of Estimates, Policy [Policy Text Block] | Use of
Estimates - The preparation of the financial
statements in conformity with accounting principles generally
accepted in the United States of America requires management
to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual
results could differ from those estimates. |
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale, due from Joint Ventures. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables. No definition available.
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for subsidiaries or other investments that are consolidated, including the accounting treatment for intercompany accounts or transactions and any noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. The accounting policy may include information such as: (1) initially recording an investment in the stock of an investee at cost; (2) adjusting the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition; and (3) adjustments to reflect the investor's share of changes in the investee's capital (dividends). This disclosure may also include a detailed description of the policy for determining the amount of equity method losses recognized after an investment has been reduced to zero as a result of previous losses, reasons for not using the equity method when the investor company owns 20 percent or more of the voting stock of the investee's company (including identification of the significant investee), reasons for using the equity method when the ownership percentage is less than 20 percent, and discussion of recognition of equity method losses when an investor's total investment in an investee includes, in addition to an investment in common stock, other investments such as preferred stock and loans to the investee. An entity also may describe how such investments are assessed for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for determining revenues and related costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for property, plant and equipment which may include the basis of such assets, depreciation methods used and estimated useful lives, the entity's capitalization policy, including its accounting treatment for costs incurred for repairs and maintenance activities, whether such asset balances include capitalized interest and the method by which such is calculated, how disposals of such assets are accounted for and how impairment of such assets is assessed and recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for its research and development and computer software activities including the accounting treatment for costs incurred for (1) research and development activities, (2) development of computer software for internal use, (3) computer software to be sold, leased or otherwise marketed as a separate product or as part of a product or process and (4) in-process research and development acquired in a purchase business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for recognizing unearned income or deferred revenue related to transactions involving the sale of a product or performance of services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 3 - Inventories (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||
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|
Aug. 31, 2012
|
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| Schedule of Inventory, Current [Table Text Block] |
|
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| X | ||||||||||
|
- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 4 - Property and Equipment, Net (Tables)
|
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
|
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| Property, Plant and Equipment [Table Text Block] |
|
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| X | ||||||||||
|
- Definition
Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Patents and Trademarks, Net (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
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| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 6 - Investments in Joint Ventures (Tables)
|
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Aug. 31, 2012
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| Schedule of Condensed Balance Sheet [Table Text Block] |
|
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| Schedule of Condensed Income Statement [Table Text Block] |
|
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| X | ||||||||||
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- Definition
Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
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Note 8 - Stockholders' Equity (Tables)
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Aug. 31, 2012
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Stock Option Exercises [Member]
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 9 - Total Comprehensive Income (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
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| Schedule of Comprehensive Income (Loss) [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 10 - Net Income Per Common Share (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
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| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations. No definition available.
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Note 11 - Stock-Based Compensation (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 12 - Geographic And Segment Information (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
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| Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] |
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| Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
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| Reconciliation of Cost of Good Sold from Segments to Consolidated [Table Text Block] |
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| Schedule of Condensed Balance Sheet [Table Text Block] |
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| Schedule of Condensed Income Statement [Table Text Block] |
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Fees For Services Provided to Joint Ventures [Member]
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| Reconciliation of Revenue from Segments to Consolidated [Table Text Block] |
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Brazil [Member]
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| Schedule of Condensed Balance Sheet [Table Text Block] |
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| Schedule of Condensed Income Statement [Table Text Block] |
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| X | ||||||||||
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- Definition
Tabular disclosure of all significant reconciling items in the reconciliation of total cost of goods sold from reportable segments to the entity's consolidated revenues. No definition available.
|
| X | ||||||||||
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- Definition
Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 15 - Income Taxes (Tables)
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Aug. 31, 2012
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| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
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| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
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| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|
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| Summary of Income Tax Contingencies [Table Text Block] |
|
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| X | ||||||||||
|
- Definition
Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 17 - Statements of Cash Flows (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
|
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| Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] |
|
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| X | ||||||||||
|
- Definition
Tabular disclosure of supplemental cash flow information for the periods presented. No definition available.
|
|
Note 18 - Quarterly Information (Unaudited) (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2012
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| Schedule of Quarterly Financial Information [Table Text Block] |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
|
- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reimbursements related to certain research and development contracts. These amounts are netted against product research and development expenses. No definition available.
|
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
| X | ||||||||||
|
- Definition
The number of countries in which the entity operates as of balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
|
Note 3 - Inventories (Detail) - Inventories: (USD $)
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|---|---|---|
| Production materials | $ 1,462,615 | $ 1,320,082 |
| Finished goods | 2,688,582 | 2,522,772 |
| $ 4,151,197 | $ 3,842,854 |
| X | ||||||||||
|
- Definition
Amount before last-in first-out (LIFO) and valuation reserves of merchandise or goods held by the entity that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Gross amount, as of the balance sheet date, of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Gross amount of unprocessed items to be consumed in the manufacturing or production process. Also includes purchased parts that will be used as components of a finished product. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Note 4 - Property and Equipment, Net (Detail) - Components of Property and Equipment, Net: (USD $)
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Aug. 31, 2012
|
Aug. 31, 2011
|
|---|---|---|
| Land | $ 310,365 | $ 310,365 |
| Buildings and improvements | 3,406,674 | 3,110,867 |
| Machinery and equipment | 2,908,021 | 2,213,269 |
| 6,625,060 | 5,634,501 | |
| Less accumulated depreciation | (2,336,442) | (1,998,166) |
| $ 4,288,618 | $ 3,636,335 |
| X | ||||||||||
|
- Definition
The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Gross amount, as of the balance sheet date, of long-lived, depreciable assets used in the production process to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 5 - Patents and Trademarks, Net (Detail) (USD $)
|
12 Months Ended |
|---|---|
|
Aug. 31, 2012
|
|
| Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 160,000 |
| Finite-Lived Intangible Assets, Amortization Expense, Year Two | 160,000 |
| Finite-Lived Intangible Assets, Amortization Expense, Year Three | 160,000 |
| Finite-Lived Intangible Assets, Amortization Expense, Year Four | 160,000 |
| Finite-Lived Intangible Assets, Amortization Expense, Year Five | $ 160,000 |
|
Patents and Trademarks [Member]
|
|
| Finite-Lived Intangible Asset, Useful Life | 7 years |
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
|
Note 5 - Patents and Trademarks, Net (Detail) - Patents and Trademarks, Net: (USD $)
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|---|---|---|
| Patents and trademarks | $ 1,945,785 | $ 1,758,722 |
| Less accumulated amortization | (984,604) | (855,684) |
| $ 961,181 | $ 903,038 |
| X | ||||||||||
|
- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 6 - Investments in Joint Ventures (Detail) (USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Payments to Acquire Interest in Joint Venture (in Dollars) | $ 484,545 | $ 38,217 |
|
Joint Venture in Russia [Member]
|
||
| Payments to Acquire Interest in Joint Venture (in Dollars) | 38,217 | |
| Equity Method Investment, Ownership Percentage | 50.00% | |
|
Harita NTI Limited [Member] | Fees For Services Provided to Joint Ventures [Member]
|
||
| Due from Joint Ventures (in Dollars) | $ 484,545 | |
|
Harita NTI Limited [Member]
|
||
| Equity Method Investment, Ownership Percentage | 50.00% | |
| X | ||||||||||
|
- Definition
For an unclassified balance sheet, amounts due from an entity in which the reporting entity shares joint control with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of current assets reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of current liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of equity, including noncontrolling interest, reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of noncurrent liabilities reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's ownership percentage in the investee multiplied by the investee's total equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of consolidated retained earnings that represent undistributed (not yet received) earnings from 50% or less owned persons accounted for by the equity method (equity method investees). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 6 - Investments in Joint Ventures (Detail) - Condensed Income Statement of EXCOR and NTI ASEAN, and All Other Joint Ventures: (USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Net sales | $ 111,830,961 | $ 119,276,553 |
| Gross profit | 50,679,875 | 54,135,274 |
| Net income | 11,987,323 | 12,221,658 |
| Northern Technologies International Corporation’s share of equity in income of joint ventures | 5,519,795 | 5,536,243 |
|
EXCOR [Member]
|
||
| Net sales | 36,027,979 | 39,038,653 |
| Gross profit | 18,667,848 | 19,080,420 |
| Net income | 6,656,298 | 6,804,175 |
| Northern Technologies International Corporation’s share of equity in income of joint ventures | 3,318,213 | 3,274,333 |
|
NTI ASEAN [Member]
|
||
| Net sales | 22,035,035 | 18,938,928 |
| Gross profit | 9,621,930 | 8,812,415 |
| Net income | 3,585,476 | 3,147,978 |
| Northern Technologies International Corporation’s share of equity in income of joint ventures | 1,414,248 | 1,212,250 |
|
All Other [Member]
|
||
| Net sales | 53,767,947 | 61,298,972 |
| Gross profit | 22,390,097 | 26,242,439 |
| Net income | 1,745,549 | 2,269,505 |
| Northern Technologies International Corporation’s share of equity in income of joint ventures | $ 787,333 | $ 1,049,660 |
| X | ||||||||||
|
- Definition
The amount of gross profit (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. No definition available.
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 7 - Corporate Debt (Detail) (PNC Bank [Member], USD $)
|
12 Months Ended | 12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2006
Term Loan - Original Amount [Member]
|
Aug. 31, 2012
Term Loan - Refinanced Amount[Member]
|
Aug. 31, 2012
Revolving Line of Credit [Member]
|
Aug. 31, 2012
Term Loan and Line of Credit Agreements "Loan Agreements" [Member]
|
Aug. 31, 2012
Revolving Credit Facility [Member]
|
Aug. 31, 2011
Revolving Credit Facility [Member]
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Debt Instrument, Face Amount (in Dollars) | $ 1,009,533 | |||||||
| Debt Instrument, Basis Spread on Variable Rate | 2.15% | 2.15% | ||||||
| Debt Instrument, Periodic Payment, Principal (in Dollars) | 6,343 | |||||||
| Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | $ 3,000,000 | |||||||
| Line of Credit Facility, Interest Rate at Period End | 3.18% | 2.50% | ||||||
| Debt, Weighted Average Interest Rate | 3.17% | 2.43% | ||||||
| Debt Instrument, Covenants, Fixed Charge Coverage Ratio | 1.10:1.00 |
| X | ||||||||||
|
- Definition
Represents the fixed charge coverage ratio for the debt instrument under the covenant terms. No definition available.
|
| X | ||||||||||
|
- Definition
The percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
| X | ||||||||||
|
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the required periodic payments applied to principal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of debt outstanding by type or by instrument at that time. No definition available.
|
| X | ||||||||||
|
- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Represents the aggregate fair value of equity-based payment equity instruments, excluding stock or unit options, as of the date of grant. No definition available.
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total accumulated difference between fair values of underlying shares on dates of exercise and exercise price on options which were exercised (or share units converted) into shares during the reporting period under the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 9 - Total Comprehensive Income (Detail) - Comprehensive Income: (USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Net income attributable to NTIC | $ 3,448,196 | $ 3,900,120 |
| Other comprehensive income (loss) – foreign currency translation adjustment | (2,219,357) | 1,792,467 |
| Total comprehensive income (loss) attributable to NTIC | $ 1,228,839 | $ 5,692,587 |
| X | ||||||||||
|
- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after tax and reclassification adjustments, resulting from the process of expressing in the reporting currency of the reporting entity those amounts that are denominated or measured in a different currency, and from transactions whose terms are denominated in a currency other than the entity's functional currency, which is attributable to the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 10 - Net Income Per Common Share (Detail) (Stock Options [Member])
|
12 Months Ended |
|---|---|
|
Aug. 31, 2012
|
|
|
Stock Options [Member]
|
|
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 48,000 |
| X | ||||||||||
|
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 10 - Net Income Per Common Share (Detail) - Reconciliation of the Earnings Per Share Computations: (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
May 31, 2012
|
Feb. 29, 2012
|
Nov. 30, 2011
|
Aug. 31, 2011
|
May 31, 2011
|
Feb. 28, 2011
|
Nov. 30, 2010
|
Aug. 31, 2012
|
Aug. 31, 2011
|
||||
| Net income attributable to NTIC (in Dollars) | $ 3,448,196 | $ 3,900,120 | |||||||||||
| Basic – weighted shares outstanding | 4,403,656 | 4,399,290 | 4,398,356 | 4,355,666 | 4,352,558 | 4,343,601 | 4,340,934 | 4,264,187 | 4,391,424 | 4,325,863 | |||
| Weighted shares assumed upon exercise of stock options | 60,170 | 78,237 | |||||||||||
| Diluted – weighted shares outstanding | 4,436,444 | 4,461,044 | 4,466,435 | 4,433,724 | 4,442,452 | 4,427,097 | 4,419,921 | 4,324,757 | 4,451,594 | 4,404,100 | |||
| Basic earnings per share: (in Dollars per share) | $ 0.10 | $ 0.33 | $ 0.14 | $ 0.22 | $ 0.25 | [1] | $ 0.24 | $ 0.22 | $ 0.21 | $ 0.79 | $ 0.90 | ||
| Diluted earnings per share: (in Dollars per share) | $ 0.10 | $ 0.33 | $ 0.14 | $ 0.22 | $ 0.24 | [1] | $ 0.23 | $ 0.22 | $ 0.21 | $ 0.78 | $ 0.89 | ||
|
|||||||||||||
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of call options and warrants using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Estimated expense to be recognized for the next fiscal year following the most recent fiscal year arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. No definition available.
|
| X | ||||||||||
|
- Definition
Unrecognized cost of option awards made to employees under a stock option plan or plans, that have yet to vest, net of estimated forfeitures. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The discount rate from market value on offering date that participants pay for shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 11 - Stock-Based Compensation (Detail) - Black-Scholes Option-Pricing Model Assumptions:
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Dividend yield | 0.00% | 0.00% |
| Expected volatility | 48.80% | 49.20% |
| Expected life of option | 5 years | 5 years |
| Weighted average risk-free interest rate | 1.31% | 1.31% |
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 11 - Stock-Based Compensation (Detail) - Stock Option Activity: (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
Aug. 31, 2010
|
|
| Number of Shares, Outstanding | 203,873 | 189,839 | 232,472 |
| Weighted Average Exercise Price, Outstanding (in Dollars per share) | $ 10.01 | $ 9.07 | $ 8.42 |
| Aggregate Intrinsic Value, Outstanding (in Dollars) | $ 266,332 | ||
| Exercisable at August 31, 2012 | 166,753 | ||
| Exercisable at August 31, 2012 (in Dollars per share) | $ 10.42 | ||
| Exercisable at August 31, 2012 (in Dollars) | $ 190,095 | ||
| Number of Shares, Granted | 26,000 | 30,000 | |
| Weighted Average Exercise Price, Granted (in Dollars per share) | $ 16.45 | $ 9.76 | |
| Number of Shares, Exercised | 3,966 | (66,633) | |
| Weighted Average Exercise Price, Exercised (in Dollars per share) | $ 8.71 | $ 6.97 | |
| Number of Shares, Terminated | (8,000) | (6,000) | |
| Weighted Average Exercise Price, Terminated (in Dollars per share) | $ 9.23 | $ 8.83 | |
| X | ||||||||||
|
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding as of the balance sheet date, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance on stock options awarded. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 12 - Geographic And Segment Information (Detail) - Net Sales By Geographic Location as a Percentage of Total Consolidated Net Sales:
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Net Sales, Percentage of Total | 100.00% | 100.00% |
|
Inside the U.S.A to Unaffiliated Customers [Member]
|
||
| Net Sales, Percentage of Total | 64.00% | 63.20% |
|
Joint Ventures In Which The Company Is A Shareholder Directly And Indirectly - Outside the U.S.A [Member]
|
||
| Net Sales, Percentage of Total | 12.10% | 16.50% |
|
Unaffiliated Customers - Outside the U.S.A [Member]
|
||
| Net Sales, Percentage of Total | 23.90% | 20.30% |
| X | ||||||||||
|
- Definition
Percentage of revenue generated from a single external customer that accounts for 10 percent or more of an entity's revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of entity wide fees for services provided to joint ventures generated from geographic location. No definition available.
|
| X | ||||||||||
|
- Definition
Total fees for services provided to joint ventures by geographic locations. No definition available.
|
|
Note 12 - Geographic And Segment Information (Detail) - Net Sales By Segment: (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
May 31, 2012
|
Feb. 29, 2012
|
Nov. 30, 2011
|
Aug. 31, 2011
|
May 31, 2011
|
Feb. 28, 2011
|
Nov. 30, 2010
|
Aug. 31, 2012
|
Aug. 31, 2011
|
||||
| Net Sales | $ 5,170,307 | $ 7,804,904 | $ 4,974,328 | $ 4,832,114 | $ 5,549,190 | [1] | $ 5,100,778 | $ 4,778,118 | $ 4,098,441 | $ 22,781,653 | $ 19,526,527 | ||
| $ Change | 3,255,126 | ||||||||||||
| % Change | 16.70% | ||||||||||||
|
ZERUST [Member]
|
|||||||||||||
| Net Sales | 20,971,275 | 18,542,523 | |||||||||||
| $ Change | 2,428,752 | ||||||||||||
| % Change | 13.10% | ||||||||||||
|
Natur-Tec [Member]
|
|||||||||||||
| Net Sales | 1,810,378 | 984,004 | |||||||||||
| $ Change | $ 826,374 | ||||||||||||
| % Change | 84.00% | ||||||||||||
|
|||||||||||||
| X | ||||||||||
|
- Definition
The dollar change in net sales from the prior fiscal year. No definition available.
|
| X | ||||||||||
|
- Definition
Represents the percentage change in net sales from the prior fiscal year. No definition available.
|
| X | ||||||||||
|
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 12 - Geographic And Segment Information (Detail) - Cost of Goods Sold By Segment: (USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Direct cost of goods sold | ||
| Cost of Goods Sold | $ 14,528,785 | $ 12,768,640 |
| % of Product Sales | 63.80% | 65.40% |
|
ZERUST [Member] | Direct Cost of Goods Sold [Member]
|
||
| Direct cost of goods sold | ||
| Cost of Goods Sold | 10,748,865 | 10,087,637 |
| % of Product Sales | 51.30% | 54.40% |
|
Natur-Tec [Member] | Direct Cost of Goods Sold [Member]
|
||
| Direct cost of goods sold | ||
| Cost of Goods Sold | 1,585,731 | 702,608 |
| % of Product Sales | 87.60% | 71.40% |
|
Indirect Cost of Goods Sold [Member]
|
||
| Direct cost of goods sold | ||
| Cost of Goods Sold | $ 2,194,190 | $ 1,978,395 |
| X | ||||||||||
|
- Definition
Represents the cost of goods sold as a percentage of product sales. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 12 - Geographic And Segment Information (Detail) - Geographical Distribution of Key Balance Sheet Data for Brazil: (USD $)
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|---|---|---|
| Total assets | $ 41,877,627 | $ 40,039,742 |
|
Brazil [Member]
|
||
| Total assets | 1,744,693 | 1,308,996 |
|
North America [Member]
|
||
| Total assets | $ 40,132,934 | $ 38,730,746 |
| X | ||||||||||
|
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 12 - Geographic And Segment Information (Detail) - Geographical Distribution of Key Income Statement Data for Brazil: (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
May 31, 2012
|
Feb. 29, 2012
|
Nov. 30, 2011
|
Aug. 31, 2011
|
May 31, 2011
|
Feb. 28, 2011
|
Nov. 30, 2010
|
Aug. 31, 2012
|
Aug. 31, 2011
|
||||
| Net sales | $ 5,170,307 | $ 7,804,904 | $ 4,974,328 | $ 4,832,114 | $ 5,549,190 | [1] | $ 5,100,778 | $ 4,778,118 | $ 4,098,441 | $ 22,781,653 | $ 19,526,527 | ||
| Operating income | 4,569,769 | 4,625,437 | |||||||||||
|
Brazil [Member]
|
|||||||||||||
| Net sales | 4,783,900 | 3,530,531 | |||||||||||
| Operating income | 1,513,891 | 708,378 | |||||||||||
|
North America [Member]
|
|||||||||||||
| Net sales | 17,997,753 | 15,995,996 | |||||||||||
| Operating income | $ 3,055,878 | $ 3,917,059 | |||||||||||
|
|||||||||||||
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 13 - Retirement Plan (Detail) (USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Defined Contribution Plan, Employee Contribution Percent, Max | 15.00% | |
| Defined Contribution Plan, Maximum Contribution Per Employee, Percent | 50.00% | |
| Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent | 3.50% | |
| Defined Contribution Plan, Cost Recognized (in Dollars) | $ 166,201 | $ 150,223 |
| X | ||||||||||
|
- Definition
Maximum percentage of the employee's salary in which the employee may contribute to the plan. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum percentage of employee contributions, by the terms of the plan, that the employer may contribute to a defined contribution plan. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum percentage of employee gross pay, by the terms of the plan, that the employer may contribute to a defined contribution plan. No definition available.
|
|
Note 14 - Related Party Transactions (Detail) (Bioplastic Polymers LLC [Member], USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2011
|
Aug. 31, 2010
|
|
|
Consulting Payment Expense [Member]
|
||
| Related Party Transaction, Amounts of Transaction | $ 100,000 | $ 100,000 |
|
Royalty Payments Expense [Member]
|
||
| Related Party Transaction, Amounts of Transaction | $ 5,624 | $ 7,745 |
| X | ||||||||||
|
- Definition
Amount of transactions with related party during the financial reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 15 - Income Taxes (Detail) (USD $)
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|---|---|---|
| Undistributed Earnings of Foreign Subsidiaries | $ 18,185,000 | $ 17,948,000 |
| Deferred Tax Assets, Tax Credit Carryforwards, Foreign | 3,438,300 | 3,524,300 |
| Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | 0 | 0 |
|
Foreign Tax Authority [Member]
|
||
| Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 469,000 | |
| Tax Credit Carryforward, Valuation Allowance | 3,438,300 | |
|
Federal and State [Member]
|
||
| Tax Credit Carryforward, Amount | 1,494,800 | |
|
Minnesota Tax Authority [Member] | Research Tax Credit Carryforward [Member]
|
||
| Tax Credit Carryforward, Valuation Allowance | $ 1,494,800 |
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards that are subject to expiration dates. No definition available.
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign tax credit carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the deferred tax asset arising from a tax credit carryforward for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of undistributed earnings of foreign subsidiaries intended to be permanently reinvested outside the United States that are not subject to U.S. federal income taxes. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents the total of accruals as of the date of the statement of financial position for interest recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties for a tax position claimed or expected to be claimed by the entity, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 15 - Income Taxes (Detail) - Provision For Income Taxes: (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
May 31, 2012
|
Feb. 29, 2012
|
Nov. 30, 2011
|
Aug. 31, 2011
|
May 31, 2011
|
Feb. 28, 2011
|
Nov. 30, 2010
|
Aug. 31, 2012
|
Aug. 31, 2011
|
||||
| Current: | |||||||||||||
| State | $ 25,000 | $ 40,000 | |||||||||||
| Foreign | 1,015,000 | 344,000 | |||||||||||
| 1,040,000 | 384,000 | ||||||||||||
| Deferred: | |||||||||||||
| Federal | 44,000 | 303,000 | |||||||||||
| State | (43,000) | 19,000 | |||||||||||
| 1,000 | 322,000 | ||||||||||||
| $ (32,000) | $ 814,000 | $ 100,000 | $ 106,000 | $ 216,000 | [1] | $ 228,000 | $ 140,000 | $ 122,000 | $ 1,041,000 | $ 706,000 | |||
|
|||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of foreign enacted tax law to the foreign taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing amounts paid or payable (or refundable) as determined by applying the provisions of enacted state and local tax law to relevant amounts of taxable Income or Loss from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) during the period in the entity's domestic deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the federally enacted tax law. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The component of total income tax expense for the period comprised of the increase (decrease) in the entity's state and local deferred tax assets and liabilities attributable to continuing operations as determined by applying the provisions of the applicable enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 15 - Income Taxes (Detail) - Reconciliations of the Expected Federal Income Tax at the Statutory Rate With the Provisions For Income Taxes: (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
May 31, 2012
|
Feb. 29, 2012
|
Nov. 30, 2011
|
Aug. 31, 2011
|
May 31, 2011
|
Feb. 28, 2011
|
Nov. 30, 2010
|
Aug. 31, 2012
|
Aug. 31, 2011
|
||||
| Tax computed at statutory rates | $ 1,570,000 | $ 1,692,000 | |||||||||||
| State income tax, net of federal benefit | (17,000) | 46,000 | |||||||||||
| Tax effect on equity in income (loss) of international joint ventures | (1,616,000) | (1,705,000) | |||||||||||
| Tax effect on dividends received from joint ventures | 1,363,000 | 1,229,000 | |||||||||||
| Benefit of foreign operations | 556,000 | 119,000 | |||||||||||
| Foreign tax credit | (1,729,000) | (1,440,000) | |||||||||||
| Research and development credit | (330,000) | (205,000) | |||||||||||
| Valuation allowance | 1,177,000 | 896,000 | |||||||||||
| Other | 67,000 | 74,000 | |||||||||||
| $ (32,000) | $ 814,000 | $ 100,000 | $ 106,000 | $ 216,000 | [1] | $ 228,000 | $ 140,000 | $ 122,000 | $ 1,041,000 | $ 706,000 | |||
|
|||||||||||||
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to changes in the valuation allowance for deferred tax assets in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to the deduction for dividends paid or received under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to the equity in earnings (losses) of unconsolidated subsidiaries recorded in the period that is exempt from income taxes under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference, between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations, that is attributable to total foreign income tax expense or benefit. The foreign income tax expense or benefit difference represents the income tax expense or benefit at applicable domestic statutory income tax rates applied to foreign earnings or loss for the period versus the foreign income tax expense or benefit calculated by applying the appropriate foreign tax rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of other amounts reflected in the reconciliation of the statutory tax provision (benefit) to the actual tax provision (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference, between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations, that is attributable to state and local income tax expense or benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the differences between total income tax expense or benefit as reported in the Income Statement for the period and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of the difference between total income tax expense or benefit as reported in the Income Statement and the expected income tax expense or benefit computed by applying the domestic federal statutory income tax rates to pretax income from continuing operations attributable to foreign tax credits generated or utilized under enacted tax laws during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 15 - Income Taxes (Detail) - Tax Effect of the Temporary Differences and Tax Carry Forwards Comprising Net Deferred Taxes: (USD $)
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|---|---|---|
| Current: | ||
| Accrued bonus | $ 404,100 | |
| Allowance for doubtful accounts | 7,200 | 7,200 |
| Inventory costs | 11,900 | 12,600 |
| Prepaid expenses and other | (27,300) | (24,900) |
| Other accrued expenses | 96,200 | 122,600 |
| Deferred joint venture expenses | 104,100 | 104,100 |
| Total current | 596,200 | 221,600 |
| Noncurrent: | ||
| Property and equipment | (159,500) | (141,100) |
| Goodwill | 43,100 | 51,000 |
| Other intangible assets | 949,200 | 497,200 |
| Nonqualified stock options | 196,100 | 113,000 |
| Foreign tax credit carryforward | 3,438,300 | 3,524,300 |
| Research and development credit | 1,485,800 | 1,155,600 |
| New hire retention credit | 9,000 | 10,000 |
| 5,962,000 | 5,210,000 | |
| Valuation allowance | (4,933,100) | (3,799,300) |
| Total noncurrent | $ 1,028,900 | $ 1,410,700 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from goodwill. No definition available.
|
| X | ||||||||||
|
- Definition
Deferred tax assets as a result of joint venture expenses. No definition available.
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from intangible assets excluding goodwill. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign tax credit carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to other deductible tax credit carryforwards not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible research tax credit carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from employee bonuses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the allowance for doubtful accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from other reserves and accruals not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of deferred tax consequences attributable to taxable temporary differences derived from prepaid expenses. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 15 - Income Taxes (Detail) - Reconciliation of the Total Amounts of Unrecognized Tax Benefits: (USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2011
|
Aug. 31, 2012
|
|
| Gross unrecognized tax benefits – beginning balance | $ 105,000 | $ 131,000 |
| Gross increases - prior period tax positions | 11,000 | |
| Gross increases – current period tax positions | 15,000 | |
| Gross unrecognized tax benefits – ending balance | $ 131,000 | $ 131,000 |
| X | ||||||||||
|
- Definition
The gross amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions that have been or will be taken in the tax return for the current period, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The gross amount of increases in unrecognized tax benefits resulting from tax positions taken in prior period tax returns, excluding amounts pertaining to examined tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
If the adjusted EBITOI (EBITO adjusted for amounts to be paid under the bonus plan) falls below this threshold then no cash bonuses will be paid. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of bonus cash available if the adjusted EBITOI (EBITOI adjusted for bonus cash to be paid), as a percentage of EBITOI, falls below a certain percentage. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of trade joint venture receivables generated from a single joint venture. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of total trade joint venture receivables accounted for by three joint ventures. No definition available.
|
| X | ||||||||||
|
- Definition
Maximum percentage of EBITOI available as bonus amounts under the bonus plan. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of individual's bonus payout determined based upon the Company's actual EBITOI for the fiscal year compared to pre-established target EBITOI for the fiscal year. No definition available.
|
| X | ||||||||||
|
- Definition
Percentage of individual's payout determined based upon achievement of certain pre-established individual performance objectives. No definition available.
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for incentive compensation awarded to employees and directors or earned by them based on the terms of one or more relevant arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing in the next fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing in the second fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of required minimum rental payments maturing after the fifth fiscal year following the latest fiscal year for operating leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 17 - Statements of Cash Flows (Detail) - Supplemental Disclosures of Cash Flow Information: (USD $)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Cash paid during the year for interest | $ 29,388 | $ 59,541 |
| Common stock issued in lieu of accrued payroll (42,707 and 22,686 shares, respectively) | 615,830 | 319,650 |
| Decrease/(increase) in the Company’s investment in joint ventures and accumulated other comprehensive income due to changes in exchange rates | $ 2,219,357 | $ (1,792,467) |
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Before tax and net of reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Value of stock issued as consideration for cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 17 - Statements of Cash Flows (Detail) - Supplemental Disclosures of Cash Flow Information: (Parentheticals)
|
12 Months Ended | |
|---|---|---|
|
Aug. 31, 2012
|
Aug. 31, 2011
|
|
| Common stock issued in lieu of accrued payroll, shares | 42,707 | 22,686 |
| X | ||||||||||
|
- Definition
Number of shares issued as consideration for cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Note 18 - Quarterly Information (Unaudited) (Detail) - Quarterly Information (Unaudited): (USD $)
|
3 Months Ended | 12 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Aug. 31, 2012
|
May 31, 2012
|
Feb. 29, 2012
|
Nov. 30, 2011
|
Aug. 31, 2011
|
May 31, 2011
|
Feb. 28, 2011
|
Nov. 30, 2010
|
Aug. 31, 2012
|
Aug. 31, 2011
|
||||
| Fiscal year 2012: | |||||||||||||
| Net sales | $ 5,170,307 | $ 7,804,904 | $ 4,974,328 | $ 4,832,114 | $ 5,549,190 | [1] | $ 5,100,778 | $ 4,778,118 | $ 4,098,441 | $ 22,781,653 | $ 19,526,527 | ||
| Gross profit | 1,474,594 | 3,661,390 | 1,494,246 | 1,622,638 | 1,936,338 | [1] | 1,641,927 | 1,771,886 | 1,407,736 | 8,252,868 | 6,757,887 | ||
| Income before income tax expense | 416,611 | 2,454,623 | 703,991 | 1,041,421 | 1,293,640 | [1] | 1,250,155 | 1,141,219 | 1,016,874 | 4,616,646 | 4,701,888 | ||
| Income tax expense | (32,000) | 814,000 | 100,000 | 106,000 | 216,000 | [1] | 228,000 | 140,000 | 122,000 | 1,041,000 | 706,000 | ||
| Net income | $ 448,611 | $ 1,640,623 | $ 603,991 | $ 935,421 | $ 1,077,640 | [1] | $ 1,022,155 | $ 1,001,219 | $ 894,874 | $ 3,575,646 | $ 3,995,888 | ||
| Net income per share: | |||||||||||||
| Basic (in Dollars per share) | $ 0.10 | $ 0.33 | $ 0.14 | $ 0.22 | $ 0.25 | [1] | $ 0.24 | $ 0.22 | $ 0.21 | $ 0.79 | $ 0.90 | ||
| Diluted (in Dollars per share) | $ 0.10 | $ 0.33 | $ 0.14 | $ 0.22 | $ 0.24 | [1] | $ 0.23 | $ 0.22 | $ 0.21 | $ 0.78 | $ 0.89 | ||
| Weighted average common shares assumed outstanding: | |||||||||||||
| Basic (in Shares) | 4,403,656 | 4,399,290 | 4,398,356 | 4,355,666 | 4,352,558 | 4,343,601 | 4,340,934 | 4,264,187 | 4,391,424 | 4,325,863 | |||
| Diluted (in Shares) | 4,436,444 | 4,461,044 | 4,466,435 | 4,433,724 | 4,442,452 | 4,427,097 | 4,419,921 | 4,324,757 | 4,451,594 | 4,404,100 | |||
|
|||||||||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|