Note 9 - Activity of Business Segments

9 Months Ended

Sep. 30, 2011

Segment Reporting Disclosure [Text Block]

9.         Activity of Business Segments

The Company operates in three business segments:

Disposable Protective Apparel: consisting of a complete line of disposable protective clothing, such as shoecovers (including the Aqua Trak® and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns and hoods for the pharmaceutical, cleanroom, industrial and medical markets.

Building Supply: consisting of a line of construction supply weatherization products.  The construction supply weatherization products consist of housewrap and synthetic roof underlayment.  The Company’s equity in income of unconsolidated affiliates (Harmony) is included in the total segment income for Building Supply in the table below.

Infection Control: consisting of a line of face masks and eye shields principally for the medical, dental and industrial markets.  It previously included a line of medical bed pads and pet beds that was sold during the first quarter of 2011.

Segment data excludes charges allocated to head office and corporate sales/marketing departments and income taxes.  The Company evaluates the performance of its segments and allocates resources to them based primarily on net sales.

The following table presents consolidated net sales for each segment for the three and nine months ended September 30, 2011 and 2010:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2011		2010		2011		2010
Disposable Protective Apparel	$	3,262,000	$	3,723,000	$	9,039,000	$	13,595,000
Building Supply		5,731,000		5,299,000		16,834,000		14,941,000
Infection Control		1,127,000		1,303,000		3,469,000		4,639,000
Total consolidated net sales	$	10,120,000	$	10,325,000	$	29,342,000	$	33,175,000

The following table shows the reconciliation of total segment income to total consolidated net income for the three and nine months ended September 30, 2011 and 2010:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2011			2010			2011			2010
Disposable Protective Apparel	$	516,000		$	272,000		$	1,113,000		$	2,622,000
Building Supply		953,000			782,000			2,334,000			1,974,000
Infection Control		306,000			248,000			996,000			1,088,000
Total segment income		1,775,000			1,302,000			4,443,000			5,684,000
Unallocated corporate overhead  expenses		(1,147,000	)		(981,000	)		(3,508,000	)		(3,694,000	)
Provision for income taxes		(242,000	)		(127,000	)		(357,000	)		(738,000	)
Total consolidated net income	$	386,000		$	194,000		$	578,000		$	1,252,000

The following table shows the consolidated net property and equipment, goodwill and intangible assets by segment:

	September 30, 2011		December 31, 2010
Disposable Protective Apparel	$	683,000	$	816,000
Building Supply		2,209,000		2,277,000
Infection Control		1,015,000		1,173,000
Total segment assets		3,907,000		4,266,000
Unallocated corporate assets		84,000		115,000
Total consolidated assets	$	3,991,000	$	4,381,000