Segment Information

9 Months Ended

Sep. 30, 2025

Segment Information [Abstract]

Segment Information

5. Segment Information

The Company aligns its businesses into three reportable business segments based on geographical location. This segment structure reflects (i) the manner in which the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, regularly assesses information for decision-making purposes, including the allocation of resources, and (ii) how the Company operates its businesses, assesses performance, and communicates results and strategy, among other items, to the Board and its stockholders.

The Company’s reportable business segments consist of: (1) United States; (2) Canada; and (3) Europe. As described below, the activities of the Company’s Asian operations are closely linked to those of the U.S. operations; accordingly, the Company’s CODM reviews the financial results of both on a consolidated basis, and the results of the Asian operations have been aggregated with the results of the United States operations to form one reportable segment called the “United States segment” or “U.S. segment”. Each reportable segment derives its revenue from the sales of i) first aid and medical products and ii) cutting and sharpening tools to school, home, office, hardware, sporting and industrial markets.

The Company's CODM evaluates the performance of each operating segment based on segment revenues and operating income. Segment revenues are defined as total revenues, excluding inter-segment revenue. Segment operating earnings are defined as segment revenues, less cost of goods sold and operating expenses. Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable business segment.

The following tables sets forth certain financial data by segment for the three and nine months ended September 30, 2025 and 2024:

For the three months ended September 30, 2025
(amounts in 000's)
	United States		Canada			Europe		Total
Net Sales	$	41,373	$	3,459		$	4,231	$	49,063
Less: Segment cost of sales		25,066		2,142			2,660		29,868
Less: Segment selling, general, and administrative expenses		13,531		1,190			1,467		16,188
Segment operating income	$	2,776	$	127		$	104	$	3,007
Interest expense									(451	)
Interest income									29
Other income, net									(146	)
Income before income taxes								$	2,439
Assets		149,887		11,254			11,901		173,042
Additions to property, plant and equipment		6,768		(1	)		13		6,780
Depreciation and amortization		1,569		29			7		1,605
For the three months ended September 30, 2024
(amounts in 000's)
	United States		Canada			Europe		Total
Net Sales	$	41,131	$	3,287		$	3,748	$	48,166
Less: Segment cost of sales		25,027		2,108			2,467		29,602
Less: Segment selling, general, and administrative expenses		13,295		1,120			1,223		15,638
Segment operating income	$	2,809	$	59		$	58	$	2,926
Interest expense									(568	)
Interest income									33
Other income, net									17
Income before income taxes								$	2,408
Assets		144,634		11,201			9,638		165,473
Additions to property, plant and equipment		1,335		0			15		1,351
Depreciation and amortization		1,423		86			16		1,526

For the nine months ended September 30, 2025
(amounts in 000's)
	United States		Canada		Europe		Total
Net Sales	$	125,487	$	11,842	$	11,689	$	149,018
Less: Segment cost of sales		75,038		7,114		7,604		89,756
Less: Segment selling, general, and administrative expenses		39,680		3,686		4,072		47,438
Segment operating income	$	10,769	$	1,042	$	13	$	11,824
Interest expense								(1,310	)
Interest income								88
Other income, net								44
Income before income taxes							$	10,646
Assets		149,887		11,254		11,901		173,042
Additions to property, plant and equipment		9,698		30		25		9,753
Depreciation and amortization		4,491		104		34		4,629
For the nine months ended September 30, 2024
(amounts in 000's)
	United States		Canada		Europe		Total
Net Sales	$	126,579	$	10,384	$	11,584	$	148,547
Less: Segment cost of sales		76,000		6,372		7,588		89,960
Less: Segment selling, general, and administrative expenses		39,898		3,209		3,621		46,728
Segment operating income	$	10,681	$	803	$	375	$	11,859
Interest expense								(1,622	)
Interest income								105
Other income, net								90
Income before income taxes							$	10,432
Assets		144,634		11,201		9,638		165,473
Additions to property, plant and equipment		5,187		176		88		5,451
Depreciation and amortization		4,139		286		44		4,469