Note 8 - Operating Segment Information

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

N

OTE

8

–

Operating Segment Information

:

The Company classifies its businesses into

three

operating segments based on the types of products and services provided. The Uniforms and Related Products segment consists of the sale of uniforms and related items. The Remote Staffing Solutions segment consists of sales of staffing solutions. The Promotional Products segment consists of sales to customers of promotional products and other branded merchandise.

The Company evaluates the performance of each operating segment based on several factors of which the primary financial measures are operating segment net sales and income before taxes on income. The accounting policies of the operating segments are the same as those described in Note 

1

entitled Summary of Significant Interim Accounting Policies. Amounts for corporate expenses are included in the totals for the Uniforms and Related Products segment. Information related to the operations of the Company's operating segments is set forth below.

(In thousands)
	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Three Months Ended
June 30, 2018
Net sales	$	56,403	$	8,001	$	19,014	$	(1,026	)	$	82,392
Gross margin	$	20,181	$	4,646	$	5,121	$	(670	)	$	29,278
Selling and administrative expenses		17,399		2,778		3,820		(670	)		23,327
Other periodic pension cost		96		-		-		-			96
Interest expense		495		-		263		-			758
Income before taxes on income	$	2,191	$	1,868	$	1,038	$	-		$	5,097
Depreciation and amortization	$	1,449	$	253	$	318	$	-		$	2,020
Capital expenditures	$	708	$	554	$	97	$	-		$	1,359
Total assets	$	303,099	$	25,664	$	60,142	$	(53,743	)	$	335,162

	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Three Months Ended
June 30, 2017
Net sales	$	52,112	$	5,562	$	8,859	$	(929	)	$	65,604
Gross margin		18,172		3,005		2,796		(599	)		23,374
Selling and administrative expenses		13,138		1,761		2,694		(599	)		16,994
Other periodic pension cost		484		-		-		-			484
Interest expense		107		-		88		-			195
Income before taxes on income	$	4,443	$	1,244	$	14	$	-		$	5,701
Depreciation and amortization	$	1,046	$	197	$	114	$	-		$	1,357
Capital expenditures	$	797	$	253	$	24	$	-		$	1,074
Total assets	$	174,008	$	19,784	$	30,981	$	(26,590	)	$	198,183

(In thousands)
	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Six Months Ended
June 30, 2018
Net sales	$	104,528	$	15,300	$	37,690	$	(2,039	)	$	155,479
Gross margin	$	36,717	$	8,807	$	9,970	$	(1,341	)	$	54,153
Selling and administrative expenses		31,538		5,290		9,022		(1,341	)		44,509
Other periodic pension cost		192		-		-		-			192
Interest expense		555		-		480		-			1,035
Income before taxes on income	$	4,432	$	3,517	$	468	$	-		$	8,417
Depreciation and amortization	$	2,514	$	490	$	642	$	-		$	3,646
Capital expenditures	$	1,393	$	819	$	202	$	-		$	2,414
Total assets	$	303,099	$	25,664	$	60,142	$	(53,743	)	$	335,162

	Uniforms and Related Products			Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Six Months Ended
June 30, 2017
Net sales	$	100,443		$	10,225	$	17,792	$	(1,869	)	$	126,591
Gross margin		35,154			5,552		6,099		(1,217	)		45,588
Selling and administrative expenses		26,674			3,466		5,500		(1,217	)		34,423
Other periodic pension cost		698			-		-		-			698
Gain (loss) on sale of property, plant and equipment		(2	)		1,020		-		-			1,018
Interest expense		210			-		169		-			379
Income before taxes on income	$	7,570		$	3,106	$	430	$	-		$	11,106
Depreciation and amortization	$	2,099		$	385	$	231	$	-		$	2,715
Capital expenditures	$	1,644		$	307	$	53	$	-		$	2,004
Total assets	$	174,008		$	19,784	$	30,981	$	(26,590	)	$	198,183