Note 9 - Operations and Industry Segments

6 Months Ended

Mar. 28, 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						Six Months Ended
	March 28,			March 29,			March 28,			March 29,
	2015			2014			2015			2014
Net sales:
Medical	$	11,105,935		$	11,184,394		$	23,938,580		$	21,768,573
Custom products		3,927,683			3,524,135			6,815,713			7,793,233
Total	$	15,033,618		$	14,708,529		$	30,754,293		$	29,561,806
Operating profit (loss) before corporate expense:
Medical	$	1,215,146		$	1,351,453		$	3,000,320		$	2,171,485
Custom products		(69,473	)		192,478			(345,654	)		481,671
Total		1,145,673			1,543,931			2,654,666			2,653,156
Corporate expense		(220,876	)		(203,140	)		(385,804	)		(307,353	)
Other income (expense)		171,641			15,890			237,901			22,008
Income before income taxes	$	1,096,438		$	1,356,681		$	2,506,763		$	2,367,811

Total sales by industry segment include only 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.