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Note 9 - Operating Segment Information
 9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
 
N
OTE
9
–
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 sales to customers 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 net sales and income before taxes on income. Amounts for corporate expenses are included in the totals for the Uniforms and Related Products segment. To better reflect the way in which management now reviews the Company’s operating results, in the
third
quarter of
2019,
the Company changed the composition of total assets for each reportable segment to exclude intercompany balances. This change has been made to all periods presented within this Quarterly Report on Form
10
-Q. 
 
The following tables set forth financial information related to the Company's operating segments (in thousands):
 
As of and For the Three
Months Ended
September 30, 2019
  
Uniforms and Related
Products
    
Remote
Staffing
Solutions
    
Promotional
Products
    
Intersegment
Eliminations
    
Total
  
Net sales   $
54,979
     $
9,305
     $
26,460
     $
(1,278
 )   $
89,466
  
Cost of goods sold    
35,263
      
3,542
      
19,627
      
(417
 )    
58,015
  
Gross margin    
19,716
      
5,763
      
6,833
      
(861
 )    
31,451
  
Selling and administrative expenses    
17,688
      
3,488
      
4,945
      
(861
 )    
25,260
  
Other periodic pension cost    
476
      
-
      
-
      
-
      
476
  
Interest expense    
768
      
-
      
317
      
-
      
1,085
  
Income before taxes on income   $
784
     $
2,275
     $
1,571
     $
-
     $
4,630
  
                                         
Depreciation and amortization   $
1,537
     $
240
     $
351
     $
-
     $
2,128
  
Capital expenditures   $
1,038
     $
276
     $
131
     $
-
     $
1,445
  
Total assets   $
254,053
     $
22,289
     $
73,043
     $
-
     $
349,385
  
 
As of and For the Three
Months Ended
September 30, 2018
  
Uniforms and Related
Products
    
Remote
Staffing
Solutions
    
Promotional
Products
    
Intersegment
Eliminations
    
Total
  
Net sales
   $
69,776
     $
7,934
     $
19,186
     $
(1,026
 )   $
95,870
  
Cost of goods sold
    
45,225
      
3,346
      
13,859
      
(360
 )    
62,070
  
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(1)   $
259,700
     $
18,414
     $
56,916
     $
-
     $
335,030
  
 
(
1
)
Intercompany balances that were previously included in total assets for each reportable segment have been excluded.
 
As of and For the Nine
Months Ended
September 30, 2019
  
Uniforms and
Related
Products
    
Remote
Staffing
Solutions
    
Promotional
Products
    
Intersegment
Eliminations
    
Total
  
Net sales   $
174,403
     $
26,897
     $
70,563
     $
(3,575
 )   $
268,288
  
Cost of goods sold    
112,561
      
10,926
      
51,960
      
(1,221
 )    
174,226
  
Gross margin    
61,842
      
15,971
      
18,603
      
(2,354
 )    
94,062
  
Selling and administrative expenses    
54,644
      
10,055
      
15,663
      
(2,354
 )    
78,008
  
Other periodic pension cost    
1,282
      
-
      
-
      
-
      
1,282
  
Interest expense    
2,609
      
-
      
905
      
-
      
3,514
  
Income before taxes on income   $
3,307
     $
5,916
     $
2,035
     $
-
     $
11,258
  
                                         
Depreciation and amortization   $
4,607
     $
745
     $
987
     $
-
     $
6,339
  
Capital expenditures   $
5,193
     $
881
     $
350
     $
-
     $
6,424
  
Total assets   $
254,053
     $
22,289
     $
73,043
     $
-
     $
349,385
  
 
As of and For the Nine
Months Ended
September 30, 2018
  
Uniforms and
Related
Products
    
Remote
Staffing
Solutions
    
Promotional
Products
    
Intersegment
Eliminations
    
Total
  
Net sales
   $
174,304
     $
23,234
     $
56,876
     $
(3,065
 )   $
251,349
  
Cost of goods sold
    
113,036
      
9,839
      
41,579
      
(1,058
 )    
163,396
  
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(1)   $
259,700
     $
18,414
     $
56,916
     $
-
     $
335,030
  
 
(
1
)
Intercompany balances that were previously included in total assets for each reportable segment have been excluded.