Segment Reporting

3 Months Ended

Jun. 30, 2012

Segment Reporting:

Segment Reporting

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:

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended June 30, 2012:
Net Sales	$   7,605,981	$   823,220	0	$   8,429,201
Depreciation	216,207	14,125	17,958	248,290
Segment profit	882,371	231,433	0	1,113,804
Selling and administrative expenses	0	0	(493,705)	(493,705)
Gain from the disposal of property and equipment	0	0	27,500	27,500
Interest income	0	0	7,833	7,833
Income before income taxes				$ 655,432
Capital expenditures	269,281	68,203	39,157	376,641
Segment assets:
Accounts receivable, net	5,055,675	365,217	0	5,420,892
Inventories, net	4,430,149	797,329	0	5,227,478
Property, plant and equipment, net	6,131,318	1,137,267	648,060	7,916,645
Other assets	0	0	7,453,905	7,453,905
				$ 26,018,920
Three Months Ended June 30, 2011:
Net sales	$  7,307,006	$   827,098	0	$   8,134,104
Depreciation	204,001	15,877	18,420	238,298
Segment profit	953,663	201,022	0	1,154,685
Selling and administrative expenses	0	0	(480,326)	(480,326)
Gain from the disposal of property and equipment	0	0	187,073	187,073
Interest income	0	0	11,089	11,089
Income before income taxes				$ 872,521
Capital expenditures	395,976	30,015	0	425,991
Segment assets:
Accounts receivable, net	4,629,002	417,472	0	5,046,474
Inventories, net	4,063,062	832,675	0	4,895,737
Property, plant and equipment, net	5,695,327	1,128,005	680,948	7,504,280
Other assets	0	0	7,164,764	7,164,764
				$ 24,611,255
	Fastener	Assembly Equipment	Other	Consolidated
Six Months Ended June 30, 2012:
Net sales	$ 15,940,101	$  1,689,418	0	$ 17,629,519
Depreciation	428,121	28,250	35,915	492,286
Segment profit	1,932,807	432,765	0	2,365,572
Selling and administrative expenses	0	0	(1,054,591)	(1,054,591)
Gain from the disposal of property and equipment	0	0	57,500	57,500
Interest income	0	0	16,685	16,685
Income before income taxes				$ 1,385,166
Capital expenditures	406,046	68,203	39,157	513,406
Six Months Ended June 30, 2011:
Net sales	$ 14,416,661	$ 1,531,811	0	$ 15,948,472
Depreciation	412,948	31,754	36,840	481,542
Segment profit	1,517,829	312,777	0	1,830,606
Selling and administrative expenses	0	0	(993,144)	(993,144)
Gain from the disposal of property and equipment	0	0	189,063	189,063
Interest income	0	0	23,018	23,018
Income before income taxes				$ 1,049,543
Capital expenditures	631,277	61,265	37,729	730,271