Note 10 - Operations and Industry Segments

9 Months Ended

Jun. 29, 2013

Segment Reporting [Abstract]

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						Nine Months Ended
	June 29,			June 30,			June 29,			June 30,
	2013			2012			2013			2012
Net sales:
Medical	$	13,427,180		$	11,618,522		$	36,319,007		$	34,792,619
Custom products		5,194,032			5,318,607			20,585,620			23,571,938
Total	$	18,621,212		$	16,937,129		$	56,904,627		$	58,364,557
Operating profit:
Medical	$	1,816,406		$	1,101,343		$	4,129,152		$	3,809,075
Custom products		179,703			238,157			2,074,631			2,200,179
Total		1,996,109			1,339,500			6,203,783			6,009,254
Corporate expense		(181,888	)		(193,599	)		(499,459	)		(460,371	)
Other expense		(2,337	)		(22,447	)		(39,994	)		(47,463	)
Income before income taxes	$	1,811,884		$	1,123,454		$	5,664,330		$	5,501,420

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.