Note 9 - Operations and Industry Segments

9 Months Ended

Jun. 28, 2014

Segment Reporting [Abstract]

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 in which we manufacture and distribute our various products.

The following table summarizes certain information on industry segments:

	Three Months Ended						Nine Months Ended
	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net sales:
Medical	$	10,293,467		$	13,427,180		$	32,062,039		$	36,319,007
Custom products		2,957,518			5,194,032			10,750,752			20,585,620
Total	$	13,250,985		$	18,621,212		$	42,812,791		$	56,904,627
Operating profit (loss) before corporate expense:
Medical	$	756,035		$	1,816,406		$	2,927,520		$	4,129,152
Custom products		(61,915	)		179,703			419,756			2,074,631
Total		694,120			1,996,109			3,347,276			6,203,783
Corporate expense		(131,116	)		(181,888	)		(438,470	)		(499,459	)
Other income (expense)		13,049			(2,337	)		35,058			(39,994	)
Income before income taxes	$	576,053		$	1,811,884		$	2,943,864		$	5,664,330

Total sales by industry segment include sales to unaffiliated customers, as reported in our statements of comprehensive income. In calculating operating profit by segment, 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.