Note 9 - Operations and Industry Segments

9 Months Ended

Jun. 30, 2012

Segment Reporting Disclosure [Text Block]

9.  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.

As described in Note 2, on December 9, 2011, we acquired substantially all of the assets of M.C. Healthcare Products Inc. (MCHP).  MCHP manufactures and markets medical bed frames and related products.  M.C. Healthcare's operations are reported as part of our medical segment for the period from December 9, 2011 through June 30, 2012.

The following table summarizes certain information on industry segments:

	Three Months Ended						Nine Months Ended
	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Net sales:
Medical	$	11,618,522		$	8,838,423		$	34,792,619		$	25,753,090
Custom products		5,318,607			4,856,434			23,571,938			13,102,783
Total	$	16,937,129		$	13,694,857		$	58,364,557		$	38,855,873
Operating profit:
Medical	$	1,101,343		$	1,183,933		$	3,809,075		$	3,379,553
Custom products		238,157			513,157			2,200,179			1,216,682
Total		1,339,500			1,697,090			6,009,254			4,596,235
Corporate expense		(193,599	)		(163,841	)		(460,371	)		(422,182	)
Other		(22,447	)		5,198			(47,463	)		14,394
Income before income taxes	$	1,123,454		$	1,538,447		$	5,501,420		$	4,188,447

     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.