Note 10 - Activity of Business Segments

3 Months Ended

Mar. 31, 2017

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 majority of 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. A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment.

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

months ended

March

31,

2017

and

2016:

	For the Three Months Ended
	March 31,
	2017		2016
Building Supply	$	5,939,000	$	6,754,000
Disposable Protective Apparel		3,295,000		3,825,000
Infection Control		1,517,000		1,268,000
Consolidated net sales	$	10,751,000	$	11,847,000

The following table presents the reconciliation of consolidated segment income to consolidated net income for the

three

months ended

March

31,

2017

and

2016:

	For the Three Months Ended
	March 31,
	2017		2016
Building Supply	$	962,000	$	1,012,000
Disposable Protective Apparel		458,000		335,000
Infection Control		596,000		455,000
Total segment income		2,016,000		1,802,000
Unallocated corporate overhead expenses		1,244,000		1,069,000
Provision for income taxes		222,000		226,000
Consolidated net income	$	550,000	$	507,000

The following table presents the consolidated net property and equipment, goodwill and definite-lived intangible assets (“consolidated assets”) by segment as of

March

31,

2017

and

December

31,

2016:

	March 31,		December 31,
	2017		2016
Building Supply	$	2,138,000	$	2,208,000
Disposable Protective Apparel		361,000		346,000
Infection Control		135,000		140,000
Total segment assets		2,634,000		2,694,000
Unallocated corporate assets		531,000		41,000
Total consolidated assets	$	3,165,000	$	2,735,000