Note 4 - Business Segment Information

3 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 4 - Business Segment Information

We sell our products through all major retail distribution channels throughout North America, including, without limitation, mass merchants, national chain stores, department stores, specialty stores, golf pro shops, sporting goods stores, and the retail exchange operations of the United States military.  Our business segments are based on product categories: (1) accessories, which include belts and small leather goods, and (2) gifts.  Each segment is measured by management based on income consisting of net sales less cost of goods sold, product distribution expenses, and royalties utilizing accounting policies consistent in all material respects with those described in Note 2 of the notes to consolidated financial statements included in our 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission.  No inter-segment revenue is recorded.  Assets, related depreciation and amortization, and selling, general and administrative expenses are not allocated to the segments.

The following table presents operating information by segment and reconciliation of segment operating income to our consolidated operating income (loss) (in thousands):

	Three Months Ended September 30
	2013			2012
Net sales:
Accessories	$	17,665		$	19,988
Gifts		2,254			5,883
	$	19,919		$	25,871
Segment operating income:
Accessories	$	3,075		$	4,266
Gifts		132			121
		3,207			4,387
Selling, general and administrative expenses		(2,761	)		(5,062	)
Depreciation and amortization		(347	)		(483	)
Operating income (loss)	$	99		$	(1,158	)