Note 9 - Operations and Industry Segments

3 Months Ended

Jan. 03, 2015

Notes to Financial Statements

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.

The following table summarizes certain information on industry segments:

	Three Months Ended
	January 3,			December 28,
	2015			2013
Net sales:
Medical	$	12,832,643		$	10,584,179
Custom products		2,888,031			4,269,098
Total	$	15,720,674		$	14,853,277
Operating profit:
Medical	$	1,785,174		$	820,032
Custom products		(276,181	)		289,192
Total		1,508,993			1,109,224
Corporate expense		(164,929	)		(104,213	)
Other income		66,261			6,118
Income before income taxes	$	1,410,325		$	1,011,129

Total sales by industry segment include only 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.