Note 10 - Activity of Business Segments

9 Months Ended

Sep. 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 nine months ended September 30, 2014 and 2013:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Building Supply	$	8,546,000	$	8,238,000	$	21,482,000	$	20,460,000
Disposable Protective Apparel		3,456,000		3,336,000		10,612,000		9,610,000
Infection Control		1,211,000		1,118,000		3,327,000		3,228,000
Total net sales	$	13,213,000	$	12,692,000	$	35,421,000	$	33,298,000

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

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Building Supply	$	1,749,000	$	1,668,000	$	3,893,000	$	3,668,000
Disposable Protective Apparel		395,000		389,000		1,161,000		950,000
Infection Control		392,000		403,000		1,047,000		1,052,000
Total Consolidated segment income		2,536,000		2,460,000		6,101,000		5,670,000
Gain on marketable securities		-		-		409,000		-
Unallocated corporate overhead expenses		1,110,000		1,147,000		3,387,000		3,615,000
Provision for income taxes		460,000		408,000		993,000		660,000
Consolidated net income	$	966,000	$	905,000	$	2,130,000	$	1,395,000

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

	September 30,		December 31,
	2014		2013
Building Supply	$	2,668,000	$	2,144,000
Disposable Protective Apparel		449,000		483,000
Infection Control		420,000		568,000
Consolidated segment assets		3,537,000		3,195,000
Unallocated corporate assets		8,000		20,000
Total Consolidated assets	$	3,545,000	$	3,215,000