Business Segments

3 Months Ended

Mar. 29, 2020

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 March 29, 2020
External net sales	$	19,812	$	45,780	$	44	$	65,636
Gross profit (loss)		3,264		13,247		(394)		16,117
Operating profit (loss)		(54)		10,669		(1,352)		9,263
Total assets		198,769		165,317		19,573		383,659
Depreciation and amortization		237		431		86		754
Capital expenditures		206		151		0		357

Quarter ended March 31, 2019
External net sales	$	19,684	$	44,141	$	25	$	63,850
Gross profit (loss)		2,439		10,308		(255)		12,492
Operating profit (loss)		(934)		7,577		(595)		6,048
Total assets		227,710		136,051		12,780		376,541
Depreciation and amortization		310		582		57		949
Capital expenditures		52		2,278		177		2,507