Reportable Segments

12 Months Ended

Dec. 31, 2011

Reportable Segments [Abstract]

Reportable Segments

11. Reportable Segments

The accounting policies of the segments are the same as those described in Note 2. Operating profit is total revenue less operating expenses, excluding interest and miscellaneous non-operating income and expenses. Inter-segment revenue, which is eliminated, is recorded on the same basis as sales to unaffiliated customers. Identifiable assets by reportable segment consist of those directly identified with the segment's operations.

No customer exceeded 10% of total revenue in 2011, 2010 or 2009.

	2011		2010		2009
Revenue:
Sales to unaffiliated customers:
Industrial Hardware	$	66,119,119	$	57,527,864	$	49,954,491
Security Products		47,972,152		45,873,391		41,997,872
Metal Products		28,764,778		26,729,105		20,713,101
	$	142,856,049	$	130,130,360	$	112,665,464

Inter-segment Revenue:
Industrial Hardware	$	330,150	$	318,094	$	215,742
Security Products		2,751,060		2,789,443		1,327,968
Metal Products		127,138		413,408		800,477
	$	3,208,348	$	3,520,945	$	2,344,187

Income Before Income Taxes:
Industrial Hardware	$	4,912,341		$	5,148,116		$	4,618,072
Security Products		3,408,187			3,378,489			1,540,694
Metal Products		391,652			(14,886	)		(2,579,990	)
Operating Profit		8,712,180			8,511,719			3,578,776
Interest expense		(231,481	)		(266,297	)		(1,727,980	)
Other income		26,230			2,996			50,733
	$	8,506,929		$	8,248,418		$	1,901,529
Geographic Information:
Net Sales:
United States	$	107,472,590		$	106,141,008		$	99,636,783
Foreign		35,383,459			23,989,352			13,028,681
	$	142,856,049		$	130,130,360		$	112,665,464

Foreign sales are primarily to customers in North America.

	2011		2010		2009
Identifiable Assets:
United States	$	86,844,921	$	84,804,542	$	85,455,482
Foreign		19,855,053		17,548,938		15,416,377
	$	106,699,974	$	102,353,480	$	100,871,859
Industrial Hardware	$	32,298,527	$	29,491,572	$	25,000,814
Security Products		42,149,711		42,375,361		43,812,116
Metal Products		16,814,255		15,392,848		12,555,735
		91,262,493		87,259,781		81,368,665
General corporate		15,437,481		15,093,699		19,503,194
	$	106,699,974	$	102,353,480	$	100,871,859

Depreciation and Amortization:
Industrial Hardware	$	1,768,975	$	1,748,612	$	1,763,500
Security Products		984,879		1,297,471		1,413,291
Metal Products		953,362		896,556		926,526
	$	3,707,216	$	3,942,639	$	4,103,317

Capital Expenditures:
Industrial Hardware	$	1,568,779	$	1,589,771		$	1,307,927
Security Products		331,619		597,822			353,539
Metal Products		1,477,222		2,438,557			526,601
		3,377,620		4,626,150			2,188,067
Currency translation adjustment		7,132		(20,536	)		(17,186	)
General corporate		9,974		127,630			55,144
	$	3,394,726	$	4,733,244		$	2,226,025