Note 10 - Operating Segment Information

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 10 – 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. 

The following tables set forth financial information related to the Company’s operating segments (in thousands):

	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Three Months Ended March 31, 2021:
Net sales	$	70,568	$	13,030	$	58,874	$	(1,625	)	$	140,847
Cost of goods sold		46,725		5,309		40,458		(688	)		91,804
Gross margin		23,843		7,721		18,416		(937	)		49,043
Selling and administrative expenses		20,382		4,722		10,944		(937	)		35,111
Other periodic pension cost		429		-		-		-			429
Interest expense		261		-		14		-			275
Income before taxes on income	$	2,771	$	2,999	$	7,458	$	-		$	13,228
Depreciation and amortization	$	1,433	$	294	$	490	$	-		$	2,217
Capital expenditures	$	6,176	$	407	$	153	$	-		$	6,736
Total assets	$	286,183	$	23,090	$	105,750	$	-		$	415,023

	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Three Months Ended March 31, 2020:
Net sales	$	60,102	$	9,200	$	26,178	$	(1,235	)	$	94,245
Cost of goods sold		38,672		3,988		18,599		(465	)		60,794
Gross margin		21,430		5,212		7,579		(770	)		33,451
Selling and administrative expenses		18,225		3,396		6,638		(770	)		27,489
Other periodic pension cost		285		-		-		-			285
Interest expense		872		-		188		-			1,060
Income before taxes on income	$	2,048	$	1,816	$	753	$	-		$	4,617
Depreciation and amortization	$	1,310	$	217	$	342	$	-		$	1,869
Capital expenditures	$	1,852	$	166	$	55	$	-		$	2,073
Total assets	$	249,629	$	22,436	$	72,541	$	-		$	344,606