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Business and Geographic Segments (Tables)
12 Months Ended
Dec. 31, 2013
Business Segment Information

 

  

Years ended December 31,

 

 

  

2011

 

 

2012

 

 

2013

 

 

  

(In thousands)

 

Net sales:

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

71,397

 

 

$

73,715

 

 

$

81,510

 

Marine Components

  

 

8,418

 

 

 

9,481

 

 

 

10,535

 

 

Total

  

$

79,815

 

 

$

83,196

 

 

$

92,045

 

 

Operating income (loss):

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

14,361

 

 

$

14,143

 

 

$

16,142

 

Marine Components

  

 

(1,223

)

 

 

(819

)

 

 

(148

)

Corporate

  

 

(6,726

)(a)

 

 

(7,906

)(a)

 

 

(6,666

)

 

Total operating income

  

 

6,412

 

 

 

5,418

 

 

 

9,328

 

 

Other non-operating income, net

  

 

358

 

 

 

-

 

 

 

40

 

Interest expense

  

 

(722

)

 

 

(479

)

 

 

(127

)

Income from continuing operations before income
taxes

  

$

6,048

 

 

$

4,939

 

 

$

9,241

 

·

Corporate operating expenses include write-downs and loss on the disposal of certain assets held for sale of $1.1 in 2011 and $1.2 million in 2012. See Note 7.

 

 

  

Years ended December 31,

 

 

  

2011

 

  

2012

 

 

2013

 

 

  

(In thousands)

 

Depreciation and amortization:

  

 

 

 

  

 

 

 

 

 

 

 

Security Products

  

$

2,976

 

 

$

2,618

 

 

$

2,460

 

Furniture Components*

  

 

2,853

 

 

 

2,404

 

 

 

-

 

Marine Components

  

 

907

 

 

 

687

 

 

 

741

 

Corporate

  

 

42

 

 

 

63

 

 

 

69

 

 

Total

  

$

6,778

 

 

$

5,772

 

 

$

3,270

 

 

Capital expenditures:

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

1,714

 

 

$

2,029

 

 

$

3,171

 

Furniture Components*

  

 

1,333

 

 

 

1,721

 

 

 

-

 

Marine Components

  

 

112

 

 

 

713

 

 

 

310

 

Corporate

  

 

36

 

 

 

14

 

 

 

20

 

 

Total

  

$

3,195

 

 

$

4,477

 

 

$

3,501

 

 

Business Segment Information by Geographical Areas

 

  

Years ended December 31,

 

 

  

2011

 

  

2012

 

 

2013

 

 

  

(In thousands)

 

Net sales point of destination:

  

 

 

 

  

 

 

 

 

 

 

 

United States

  

$

75,594

 

 

$

78,268

 

 

$

87,307

 

Canada

  

 

1,982

 

 

 

2,194

 

 

 

2,195

 

Mexico

  

 

1,060

 

 

 

1,249

 

 

 

1,129

 

Other

  

 

1,179

 

 

 

1,485

 

 

 

1,414

 

 

Total

  

$

79,815

 

 

$

83,196

 

 

$

92,045

 

 

Total assets:

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

69,185

 

 

$

69,143

 

 

$

69,918

 

Furniture Components*

  

 

50,174

 

 

 

-

 

 

 

-

 

Marine Components

  

 

10,531

 

 

 

9,689

 

 

 

9,782

 

Corporate and eliminations

  

 

11,636

 

 

 

71,351

 

 

 

41,978

 

 

Total

  

$

141,526

 

 

$

150,183

 

 

$

121,678

 

 

Net property and equipment:

  

 

 

 

 

 

 

 

 

 

 

 

United States

  

$

33,704

 

 

$

33,727

 

 

$

33,752

 

Canada*

  

 

9,681

 

 

 

-

 

 

 

-

 

Taiwan*

  

 

7,742

 

 

 

-

 

 

 

-

 

 

Total

  

$

51,127

 

 

$

33,727

 

 

$

33,752

 

*

Denotes disposed operations.  See Note 2.