Note 8 - Operations and Industry Segments

9 Months Ended

Jul. 02, 2011

Segment Reporting Disclosure [Text Block]

8.  OPERATIONS AND INDUSTRY SEGMENTS

     For management and reporting purposes, we divide our business into two segments: medical and custom products.  This industry segment information corresponds to the markets in the United States and Canada for which we manufacture and distribute our various products.

     The following table summarizes certain information on industry segments.

	Three Months Ended						Nine Months Ended
	July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010
Net sales:
Medical	$	8,838,423		$	8,722,513		$	25,753,090		$	26,853,865
Custom products		4,856,434			4,439,416			13,102,783			11,697,651
Total	$	13,694,857		$	13,161,929		$	38,855,873		$	38,551,516
Operating profit:
Medical	$	1,183,933		$	1,295,627		$	3,379,553		$	4,338,767
Custom products		513,157			324,644			1,216,682			1,067,686
Total		1,697,090			1,620,271			4,596,235			5,406,453
Corporate expense		(163,841	)		(234,435	)		(422,182	)		(505,755	)
Non-operating income		5,198			25,439			14,394			47,658
Income before income taxes	$	1,538,447		$	1,411,275		$	4,188,447		$	4,948,356

     Total sales by industry segment include sales to unaffiliated customers, as reported in our statements of income.  In calculating operating profit, non-allocable general corporate expenses, interest expense, other income, and income taxes are not included, but certain corporate operating expenses incurred for the benefit of all segments are included on an allocated basis.