Segment Information

9 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

SEGMENT INFORMATION

(2) SEGMENT INFORMATION

The Company operates in two business segments: (1) Cobra Consumer Electronics (“Cobra”) and (2) Performance Products Limited (“PPL”). The Cobra segment is comprised of Cobra Electronics Corporation, Cobra Hong Kong Limited and Cobra Electronics Europe Limited (“CEEL”). The Company has separate sales departments and distribution channels for each segment, which provide segment exclusive product lines to all customers for that segment. Currently, there are no intersegment sales. The financial information by business segment for the three months and nine months ended September 30, 2012 and 2011 follows:

Three months - 2012 vs. 2011

	2012									2011
	COBRA			PPL			TOTAL			COBRA			PPL			TOTAL
	(In Thousands)
Net sales	$	23,962		$	3,710		$	27,672		$	30,907		$	3,547		$	34,454
Cost of sales		17,494			2,399			19,893			21,886			2,269			24,155
Gross profit		6,468			1,311			7,779			9,021			1,278			10,299
Selling, general and administrative expense		6,202			1,273			7,475			6,749			1,203			7,952
Earnings from operations		266			38			304			2,272			75			2,347
Interest expense		(277	)		—			(277	)		(272	)		—			(272	)
Other income (expense)		315			21			336			(662	)		(237	)		(899	)
Earnings (loss) before income taxes		304			59			363			1,338			(162	)		1,176
Tax provision (benefit)		41			(242	)		(201	)		32			(234	)		(202	)
Net earnings	$	263		$	301		$	564		$	1,306		$	72		$	1,378

Nine months - 2012 vs. 2011

	2012									2011
	COBRA			PPL			TOTAL			COBRA			PPL			TOTAL
	(In Thousands)
Net sales	$	72,071		$	11,103		$	83,174		$	74,428		$	11,325		$	85,753
Cost of sales		51,901			7,048			58,949			53,949			7,481			61,430
Gross profit		20,170			4,055			24,225			20,479			3,844			24,323
Selling, general and administrative expense		18,631			3,684			22,315			18,141			3,706			21,847
Earnings from operations		1,539			371			1,910			2,338			138			2,476
Interest expense		(765	)		—			(765	)		(795	)		—			(795	)
Other income (expense)		632			53			685			(594	)		(144	)		(738	)
Earnings (loss) before income taxes		1,406			424			1,830			949			(6	)		943
Tax provision (benefit)		296			(271	)		25			230			(363	)		(133	)
Net earnings	$	1,110		$	695		$	1,805		$	719		$	357		$	1,076