Note 10 - Activity of Business Segments

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

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 and other unallocated expenses and income tax. 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, 2015 and 2014:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Building Supply	$	7,073,000	$	7,414,000	$	12,884,000	$	12,935,000
Disposable Protective Apparel		3,837,000		3,792,000		7,485,000		7,156,000
Infection Control		1,185,000		1,046,000		2,380,000		2,117,000
Consolidated net sales	$	12,095,000	$	12,252,000	$	22,749,000	$	22,208,000

The following table presents the reconciliation of consolidated segment income to consolidated net income for the three and six months ended June 30, 2015 and 2014:

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Building Supply	$	982,000	$	1,394,000	$	1,635,000	$	2,144,000
Disposable Protective Apparel		207,000		524,000		538,000		766,000
Infection Control		393,000		335,000		780,000		655,000
Total segment income		1,582,000		2,253,000		2,953,000		3,565,000
Unallocated corporate overhead expenses		1,205,000		1,129,000		2,400,000		2,277,000
Provision for income taxes		89,000		447,000		117,000		533,000
Gain on sale of marketable securities and investment in common stock warrants		-		218,000		-		409,000
Consolidated net income	$	288,000	$	895,000	$	436,000	$	1,164,000

The following table presents the consolidated net property and equipment, goodwill and definite-lived intangible assets (“consolidated assets”) by segment as of June 30, 2015 and December 31, 2014:

	June 30,		December 31,
	2015		2014
Building Supply	$	2,532,000	$	2,613,000
Disposable Protective Apparel		420,000		450,000
Infection Control		264,000		368,000
Total segment assets		3,216,000		3,431,000
Unallocated corporate assets		10,000		10,000
Total consolidated assets	$	3,226,000	$	3,441,000