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Business Segments
3 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Business Segments
11.
Business Segments
 
 
The Company operates in two business segments, Advanced Technology Group (“ATG”) and Consumer Products Group (“CPG”). The Company’s reportable segments are strategic business units that offer different products and services. The segments are composed of separate corporations and are managed separately. Operations in ATG primarily involve the design, manufacture, and marketing of servo-control components (i.e., torque motors, control valves, actuators, etc.) for government, commercial and industrial applications. CPG’s operations involve the design, manufacture and marketing of a variety of cutlery and other edged products for use by consumers and government agencies. The Company derives its primary sales revenue from domestic customers, although a portion of finished products are for foreign end use.
 
 
As of March 31, 2012, the Company had identifiable assets of approximately $30,486,000 ($30,423,000 – December 31, 2011) of which approximately $18,405,000 ($18,004,000 – December 31, 2011) was for ATG and approximately $12,081,000 ($12,419,000 – December 31, 2011) was for CPG.
 
 
Information regarding the Company’s operations in these segments is summarized as follows ($000’s omitted):
 
ATG
CPG
Consolidated
Three Months Ended
Three Months Ended
Three Months Ended
March 31,
March 31,
March 31,
2012
2011
2012
2011
2012
2011
Revenues from unaffiliated customers
$5,302$5,116$3,067$3,159$8,369$8,275
Cost of goods sold, exclusive of depreciation and amortization
(3,781)(3,472)(2,992)(2,737)(6,773)(6,209)
Selling, general and administrative
(731)(729)(601)(568)(1,332)(1,297)
Interest expense
(11)(13)(2)(2)(13)(15)
Depreciation and amortization
(109)(107)(62)(60)(171)(167)
Other income, net
4743810
 
Net income (loss) before income tax provision
$674$802$(586)$(205)$88$597
Capital expenditures
$50$28$37$73$87$101