Note 8 - Activity of Business Segments

6 Months Ended

Jun. 30, 2012

Segment Reporting Disclosure [Text Block]

8.            Activity of Business Segments

The Company operates through three segments:

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 affiliate (Harmony) is included in the total segment income for Building Supply.

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.

Infection Control: consisting of a line of face masks and eye shields.  This segment previously included lines of medical bed pads and pet beds, which lines were sold during the first quarter of 2011.

Segment data excludes charges allocated to the principal executive office, corporate expenses 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 six months ended June 30, 2012 and 2011:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Building Supply	$	6,442,000	$	6,356,000	$	12,033,000	$	11,103,000
Disposable Protective Apparel		3,492,000		2,871,000		6,406,000		5,778,000
Infection Control		917,000		1,051,000		2,031,000		2,342,000
Total consolidated net sales	$	10,851,000	$	10,278,000	$	20,470,000	$	19,223,000

The following table presents the reconciliation of total segment income to total consolidated net income for the three and six months ended June 30, 2012 and 2011:

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Building Supply	$	945,000		$	1,095,000		$	1,426,000		$	1,382,000
Disposable Protective Apparel		553,000			302,000			921,000			598,000
Infection Control		207,000			328,000			552,000			691,000
Total segment income		1,705,000			1,725,000			2,899,000			2,671,000
Unallocated corporate overhead expenses		(1,112,000	)		(1,240,000	)		(2,194,000	)		(2,364,000	)
Provision for income taxes		(219,000	)		(181,000	)		(261,000	)		(115,000	)
Consolidated net income	$	374,000		$	304,000		$	444,000		$	192,000

The following table presents the consolidated net property and equipment, goodwill and definite-lived intangible assets (“consolidated assets”) by segment as of June 30, 2012 and December 31, 2011:

	June 30, 2012		December 31, 2011
Building Supply	$	2,335,000	$	2,142,000
Disposable Protective Apparel		559,000		640,000
Infection Control		864,000		971,000
Total segment assets		3,758,000		3,753,000
Unallocated corporate assets		58,000		73,000
Total consolidated assets	$	3,816,000	$	3,826,000