Note E - Business Segments

6 Months Ended

Jun. 28, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE E – BUSINESS SEGMENTS 

In the following summary, operating profit represents earnings before other income and income taxes.  The Company's segments operate discretely from each other with no shared owned or leased manufacturing facilities.  Costs associated with corporate activities (such as cash and marketable securities management) and the assets associated with such activities are included within the Housewares/Small Appliances segment for all periods presented.

On July 23, 2019, the Company purchased substantially all the assets of OneEvent Technologies, Inc., a Mount Horeb, Wisconsin company established in 2014.  OneEvent’s cloud-based learning and analytics engine utilizes a series of sensing devices integrated with a cellular gateway to predict, alert, and prevent.  Sensors measure a variety of environmental data including temperature, smoke, carbon monoxide, humidity, water, motion, and more.  See Note K.  Because a major focus of OneEvent is protection for buildings, homes, assets, and occupant, the Company has created a new operating segment, “Safety,” combining its operations with those of Rusoh, Inc., which designs and markets fire extinguishers.  Previously, Rusoh, Inc. had been included in the Company’s Housewares/Small Appliance segment.  Prior period segment information has been restated to reflect the Company’s current segmentation.

	(in thousands)
	Housewares / Small Appliances			Defense Products		Safety			Total
Quarter ended June 28, 2020
External net sales	$	26,044		$	61,030	$	58		$	87,132
Gross profit (loss)		5,459			16,666		(382	)		21,743
Operating profit (loss)		2,408			14,256		(1,335	)		15,329
Total assets		213,866			172,314		20,140			406,320
Depreciation and amortization		242			430		74			746
Capital expenditures		119			170		87			376
Quarter ended June 30, 2019
External net sales	$	19,135		$	52,597	$	13		$	71,745
Gross profit (loss)		2,107			12,621		(52	)		14,676
Operating profit (loss)		(824	)		9,970		(509	)		8,637
Total assets		227,905			143,799		12,854			384,558
Depreciation and amortization		313			581		57			951
Capital expenditures		(100	)		817		0			717

	(in thousands)
	Housewares / Small Appliances			Defense Products		Safety			Total
Six Months Ended June 28, 2020
External net sales	$	45,856		$	106,810	$	102		$	152,768
Gross profit (loss)		8,723			29,913		(776	)		37,860
Operating profit (loss)		2,354			24,925		(2,687	)		24,592
Total assets		213,866			172,314		20,140			406,320
Depreciation and amortization		479			861		160			1,500
Capital expenditures		325			321		87			733
Six Months Ended June 30, 2019
External net sales	$	38,819		$	96,738		38		$	135,595
Gross profit (loss)		4,546			22,929		(307	)		27,168
Operating profit (loss)		(1,758	)		17,547		(1,104	)		14,685
Total assets		227,905			143,799		12,854			384,558
Depreciation and amortization		623			1,163		113			1,899
Capital expenditures		(48	)		3,095		177			3,224