Note 10 - Activity of Business Segments

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

10.           Activity of Business Segments

The Company operates through three business segments:

Building Supply consists of a line of construction supply weatherization products as well as other woven material. The construction supply weatherization product consists of housewrap and synthetic roof underlayment. The Company’s equity in income of unconsolidated affiliate (Harmony) is included in the Building Supply segment.

Disposable Protective Apparel consists 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 consists of a line of face masks and eye shields.

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 nine months ended September 30, 2013 and 2012:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2013		2012		2013		2012
Building Supply	$	8,238,000	$	5,844,000	$	20,460,000	$	17,877,000
Disposable Protective Apparel		3,336,000		3,779,000		9,610,000		10,185,000
Infection Control		1,118,000		1,117,000		3,228,000		3,148,000
Total consolidated net sales	$	12,692,000	$	10,740,000	$	33,298,000	$	31,210,000

The following table presents the reconciliation of total segment income to total consolidated net income for the three and nine months ended September 30, 2013 and 2012:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2013			2012			2013			2012
Building Supply	$	1,668,000		$	849,000		$	3,668,000		$	2,275,000
Disposable Protective Apparel		389,000			550,000			950,000			1,472,000
Infection Control		403,000			316,000			1,052,000			868,000
Total segment income		2,460,000			1,715,000			5,670,000			4,615,000
Unallocated corporate overhead expenses		(1,147,000	)		(1,077,000	)		(3,615,000	)		(3,272,000	)
Provision for income taxes		(408,000	)		(224,000	)		(660,000	)		(484,000	)
Consolidated net income	$	905,000		$	414,000		$	1,395,000		$	859,000

The following table presents the consolidated net property and equipment, goodwill and definite-lived intangible assets (“consolidated assets”) by segment as of September 30, 2013 and December 31, 2012: 

	September 30, 2013		December 31, 2012
Building Supply	$	2,199,000	$	2,252,000
Disposable Protective Apparel		496,000		528,000
Infection Control		619,000		763,000
Total segment assets		3,314,000		3,543,000
Unallocated corporate assets		24,000		44,000
Total consolidated assets	$	3,338,000	$	3,587,000