Note 10 - Operations and Industry Segments

3 Months Ended

Mar. 30, 2013

Segment Reporting Disclosure [Text Block]

10. 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, which manufactures and markets medical bed frames and related products.  M.C. Healthcare’s operations are reported as part of our medical segment.

The following table summarizes certain information on industry segments:

	Three Months Ended						Six Months Ended
	March 30, 2013			March 31, 2012			March 30, 2013			March 31, 2012
Net sales:
Medical	$	12,034,860		$	13,738,805		$	22,891,827		$	23,174,097
Custom products		4,588,031			7,194,002			15,391,588			18,253,331
Total	$	16,622,891		$	20,932,807		$	38,283,415		$	41,427,428
Operating profit:
Medical	$	1,783,907		$	2,073,903		$	2,312,746		$	2,707,732
Custom products		170,579			790,162			1,894,928			1,962,022
Total		1,954,486			2,864,065			4,207,674			4,669,754
Corporate expense		(141,541	)		(167,102	)		(317,571	)		(266,772	)
Other expense		(27,208	)		(10,965	)		(37,657	)		(25,016	)
Income before income taxes	$	1,785,737		$	2,685,998		$	3,852,446		$	4,377,966

Total sales by industry segment include sales to unaffiliated customers, as reported in our statements of comprehensive 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.