Note 10 - Activity of Business Segments

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

10. Activity of Business Segments

The Company operates through three business segments:

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

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.

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, 2014 and 2013:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Building Supply	$	7,414,000	$	7,057,000	$	12,935,000	$	12,221,000
Disposable Protective Apparel		3,792,000		3,054,000		7,156,000		6,274,000
Infection Control		1,046,000		1,045,000		2,117,000		2,111,000
Total consolidated net sales	$	12,252,000	$	11,156,000	$	22,208,000	$	20,606,000

The following table presents the reconciliation of total segment income to total consolidated net income for the three and six months ended June 30, 2014 and 2013:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Building Supply	$	1,394,000	$	1,363,000	$	2,144,000	$	2,001,000
Disposable Protective Apparel		524,000		196,000	$	766,000	$	561,000
Infection Control		335,000		341,000		655,000		648,000
Total consolidated segment income		2,253,000		1,900,000		3,565,000		3,210,000
Gain on marketable securities		218,000		-		409,000		-
Unallocated corporate overhead expenses		1,129,000		1,162,000		2,277,000		2,468,000
Provision for income taxes		447,000		264,000		533,000		252,000
Consolidated net income	$	895,000	$	474,000	$	1,164,000	$	490,000

The following table presents the consolidated net property and equipment, goodwill and definite-lived intangible assets (“consolidated assets”) by segment as of June 30, 2014 and December 31, 2013:

	June 30,		December 31,
	2014		2013
Building Supply	$	2,739,000	$	2,144,000
Disposable Protective Apparel		462,000		483,000
Infection Control		467,000		568,000
Total segment assets		3,668,000		3,195,000
Unallocated corporate assets		5,000		20,000
Total consolidated assets	$	3,673,000	$	3,215,000