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Segment Information
3 Months Ended
Mar. 30, 2013
Segment Information [Abstract]  
Segment Information

NOTE D - Segment Information
The Company has two reportable business segments: Cross Accessory Division ("CAD") and Cross Optical Group ("COG").  The Company evaluates segment performance based upon operating profit or loss.  Following is the segment information for the Company:

 

 

 

 

 

 

 

 

 

 

 

 

(THOUSANDS OF DOLLARS)

THREE MONTHS ENDED

 

MARCH 30,

 

MARCH 31,

 

2013

 

2012

 

 

 

 

 

 

Revenues from External Customers:

 

 

 

 

 

CAD

$

20,565 

 

$

21,929 

COG

 

23,836 

 

 

20,017 

Total

$

44,401 

 

$

41,946 

Depreciation and Amortization:

 

 

 

 

 

CAD

$

1,050 

 

$

1,143 

COG

 

444 

 

 

389 

Total

$

1,494 

 

$

1,532 

Operating (Loss) Income:

 

 

 

 

 

CAD

$

(1,066)

 

$

(462)

COG

 

3,684 

 

 

2,849 

Total

$

2,618 

 

$

2,387 

 

 

 

 

 

 

Total Interest and Other Expense:

$

(132)

 

$

(132)

 

 

 

 

 

 

Total Income Before Income Taxes:

$

2,486 

 

$

2,255 

 

 

 

 

 

 

Expenditure for Long-Lived Assets:

 

 

 

 

 

CAD

$

620 

 

$

522 

COG

 

417 

 

 

356 

Total

$

1,037 

 

$

878 

 

 

 

 

 

 

 

MARCH 30,

 

DECEMBER 29,

 

2013

 

2012

Segment Assets:

 

 

 

 

 

CAD

$

87,691 

 

$

101,909 

COG

 

64,594 

 

 

59,430 

Total

$

152,285 

 

$

161,339 

Goodwill:

 

 

 

 

 

CAD

$

 -

 

$

 -

COG

 

15,279 

 

 

15,279 

Total

$

15,279 

 

$

15,279