Segment Information

3 Months Ended

Mar. 31, 2026

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 months ended March 31, 2026 and 2025:

For the three months ended March 31, 2026
(amounts in 000's)
	United States		Canada		Europe		Total
Net Sales	$	43,768	$	3,700	$	4,833	$	52,301
Less: Segment cost of sales		26,659		2,135		2,722		31,516
Less: Segment selling, general, and administrative expenses		16,070		1,318		1,651		19,039
Segment operating income	$	1,039	$	247	$	460	$	1,746
Interest expense, net								(486	)
Other expense, net								(16	)
Income before income taxes							$	1,244
Assets		171,504		10,766		12,973		195,243
Additions to property, plant and equipment		1,824		4		61		1,889
Depreciation and amortization		1,882		27		62		1,971
For the three months ended March 31, 2025
(amounts in 000's)
	United States		Canada		Europe		Total
Net Sales	$	39,122	$	3,185	$	3,651	$	45,958
Less: Segment cost of sales		23,700		1,985		2,356		28,041
Less: Segment selling, general, and administrative expenses		13,063		1,159		1,269		15,491
Segment operating income	$	2,359	$	41	$	26	$	2,426
Interest expense, net								(397	)
Other income, net								90
Income before income taxes							$	2,119
Assets		143,808		9,713		9,518		163,039
Additions to property, plant and equipment		1,334		18		1		1,353
Depreciation and amortization		1,444		44		12		1,501