Segment Reporting

3 Months Ended

Jun. 30, 2011

Segment Reporting

Segment Reporting Disclosure [Text Block]

6.  Segment Information—The Company operates in two business segments as determined by its products.  The fastener segment includes rivets, cold-formed fasteners and screw machine products.  The assembly equipment segment includes automatic rivet setting machines and parts and tools for such machines.  Information by segment is as follows:

		Assembly
	Fastener	Equipment	Other	Consolidated
Three Months Ended June 30, 2011:
Net Sales	$   7,307,006	$   827,098		$   8,134,104
Depreciation	204,001	15,877	18,420	238,298
Segment profit	953,663	201,022		1,154,685
Selling and administrative expenses			(293,253)	(293,253)
Interest income			11,089	11,089
Income before income taxes				872,521
Capital expenditures	395,976	30,015		425,991
Segment assets:
Accounts receivable, net	4,629,002	417,472		5,046,474
Inventories, net	4,063,062	832,675		4,895,737
Property, plant and equipment, net	5,695,327	1,128,005	680,948	7,504,280
Other assets			7,164,764	7,164,764
				24,611,255
Three Months Ended June 30, 2010:
Net sales	$  6,966,882	$   971,651		$   7,938,533
Depreciation	215,931	14,199	15,960	246,090
Segment profit	846,861	294,754		1,141,615
Selling and administrative expenses			(542,674)	(542,674)
Interest income			13,119	13,119
Income before income taxes				612,060
Capital expenditures	113,344			113,344
Segment assets:
Accounts receivable, net	4,340,252	416,392		4,756,644
Inventories, net	3,053,643	1,008,900		4,062,543
Property, plant and equipment, net	5,823,374	972,571	669,710	7,465,655
Other assets			8,206,026	8,206,026
				24,490,868
		Assembly
	Fastener	Equipment	Other	Consolidated
Six Months Ended June 30, 2011:
Net sales	$ 14,416,661	$  1,531,811		$ 15,948,472
Depreciation	412,948	31,754	36,840	481,542
Segment profit	1,517,829	312,777		1,830,606
Selling and administrative expenses			(804,081)	(804,081)
Interest income			23,018	23,018
Income before income taxes				1,049,543
Capital expenditures	631,277	61,265	37,729	730,271
Six Months Ended June 30, 2010:
Net sales	$ 13,006,743	$ 1,693,183		$ 14,699,926
Depreciation	431,502	28,398	31,920	491,820
Segment profit	1,263,481	416,196		1,679,677
Selling and administrative expenses			(1,045,108)	(1,045,108)
Interest income			26,360	26,360
Income before income taxes				660,929
Capital expenditures	151,000			151,000