BUSINESS SEGMENTS

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 10 - BUSINESS SEGMENTS

P&F operates in two primary lines of business, or segments: Tools and Hardware. For reporting purposes, Florida Pneumatic and Hy-Tech are combined in the Tools segment, while Nationwide is currently the only subsidiary in the Hardware segment. The Company evaluates segment performance based primarily on segment operating income. The accounting policies of each of the segments are the same as those referred to in Note 1.  

As of and for the three months ended September 30, 2015	Consolidated		Tools		Hardware
Revenues from unaffiliated customers	$	21,678,000	$	15,924,000	$	5,754,000
Segment operating income		3,060,000	$	1,947,000	$	1,113,000
General corporate expense		(1,157,000)
Other expense		(75,000)
Interest expense		(173,000)
Income before income taxes	$	1,655,000
Segment assets		71,608,000	$	60,688,000	$	10,920,000
Corporate assets		2,243,000
Total assets	$	73,851,000
Long-lived assets, including $52,000 at corporate	$	33,900,000	$	29,338,000	$	4,510,000

As of and for the three months ended September 30, 2014	Consolidated		Tools		Hardware
Revenues from unaffiliated customers	$	22,932,000	$	17,865,000	$	5,067,000
Segment operating income		3,217,000	$	2,201,000	$	1,016,000
General corporate expense		(1,627,000)
Interest expense		(158,000)
Income before income taxes	$	1,432,000
Segment assets		77,023,000	$	65,054,000	$	11,969,000
Corporate assets		2,344,000
Total assets	$	79,367,000
Long-lived assets, including $55,000 at corporate	$	35,470,000	$	30,815,000	$	4,600,000

As of and for the nine months ended September 30, 2015	Consolidated		Tools		Hardware
Revenues from unaffiliated customers	$	64,064,000	$	46,541,000	$	17,523,000
Segment operating income		9,352,000	$	5,888,000	$	3,464,000
General corporate expense		(4,059,000)
Other income		126,000
Interest expense		(566,000)
Income before income taxes	$	4,853,000

As of and for the nine months ended September 30, 2014	Consolidated		Tools		Hardware
Revenues from unaffiliated customers	$	57,132,000	$	41,749,000	$	15,383,000
Segment operating income		8,112,000	$	4,887,000	$	3,225,000
General corporate expense		(4,667,000)
Interest expense		(335,000)
Income before income taxes	$	3,110,000

Revenue and long-lived assets by geographic region were as follows:

	Three months ended				Nine months ended
	September 30,				September 30,
	2015		2014		2015		2014
Revenue:
North America	$	20,508,000	$	22,132,000	$	60,554,000	$	55,785,000
Europe		900,000		690,000		2,712,000		843,000
All Other		270,000		110,000		798,000		504,000
Total Revenue	$	21,678,000	$	22,932,000	$	64,064,000	$	57,132,000
Long-Lived Assets:
North America					$	32,802,000	$	34,094,000
Europe						1,098,000		1,376,000
Total Long-Lived Assets					$	33,900,000	$	35,470,000