Note 8 - Operating Segment Information

9 Months Ended

Sep. 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
September 30, 2018
Net sales	$	69,776	$	7,934	$	19,186	$	(1,026	)	$	95,870
Gross margin	$	24,551	$	4,588	$	5,327	$	(666	)	$	33,800
Selling and administrative expenses		18,731		2,856		4,561		(666	)		25,482
Other periodic pension cost		96									96
Interest expense		593		-		347		-			940
Income before taxes on income	$	5,131	$	1,732	$	419	$	-		$	7,282
Depreciation and amortization	$	1,510	$	241	$	348	$	-		$	2,099
Capital expenditures	$	885	$	445	$	137	$	-		$	1,467
Total assets	$	321,861	$	27,626	$	57,610	$	(72,067	)	$	335,030

	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Three Months Ended
September 30, 2017
Net sales	$	51,854	$	6,036	$	10,810	$	(927	)	$	67,773
Gross margin		18,640		3,267		3,482		(600	)		24,789
Selling and administrative expenses		13,007		2,023		2,956		(600	)		17,386
Other periodic pension cost		348		-		-		-			348
Interest expense		100		-		113		-			213
Income before taxes on income	$	5,185	$	1,244	$	413	$	-		$	6,842
Depreciation and amortization	$	1,044	$	200	$	122	$	-		$	1,366
Capital expenditures	$	246	$	178	$	90	$	-		$	514
Total assets	$	177,103	$	20,618	$	34,945	$	(27,341	)	$	205,325

(In thousands)
	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Nine Months Ended
September 30, 2018
Net sales	$	174,304	$	23,234	$	56,876	$	(3,065	)	$	251,349
Gross margin	$	61,268	$	13,395	$	15,297	$	(2,007	)	$	87,953
Selling and administrative expenses		50,269		8,146		13,583		(2,007	)		69,991
Other periodic pension cost		289		-		-		-			289
Interest expense		1,147		-		827					1,974
Income before taxes on income	$	9,563	$	5,249	$	887	$	-		$	15,699
Depreciation and amortization	$	4,024	$	731	$	990	$	-		$	5,745
Capital expenditures	$	2,278	$	1,264	$	339	$	-		$	3,881
Total assets	$	321,861	$	27,626	$	57,610	$	(72,067	)	$	335,030

	Uniforms and Related Products			Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Nine Months Ended
September 30, 2017
Net sales	$	152,297		$	16,261	$	28,602	$	(2,795	)	$	194,365
Gross margin		53,795			8,819		9,581		(1,817	)		70,378
Selling and administrative expenses		39,681			5,489		8,456		(1,817	)		51,809
Other periodic pension cost		1,046			-		-		-			1,046
Gain (loss) on sale of property, plant and equipment		(2	)		1,020		-		-			1,018
Interest expense		311			-		282		-			593
Income before taxes on income	$	12,755		$	4,350	$	843	$	-		$	17,948
Depreciation and amortization	$	3,143		$	585	$	353	$	-		$	4,081
Capital expenditures	$	1,890		$	485	$	143	$	-		$	2,518
Total assets	$	177,103		$	20,618	$	34,945	$	(27,341	)	$	205,325