Note 10 - Operations and Industry Segments

9 Months Ended

Jun. 27, 2015

Notes to Financial Statements

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.

The following table summarizes certain information on industry segments:

	Three Months Ended						Nine Months Ended
	June 27,			June 28,			June 27,			June 28,
	2015			2014			2015			2014
Net sales:
Medical	$	11,663,716		$	10,293,467		$	35,602,295		$	32,062,039
Custom products		4,149,758			2,957,518			10,965,471			10,750,752
Total	$	15,813,474		$	13,250,985		$	46,567,766		$	42,812,791
Operating profit (loss) before corporate expense:
Medical	$	1,404,066		$	756,035		$	4,404,386		$	2,927,520
Custom products		89,762			(61,915	)		(255,893	)		419,756
Total		1,493,828			694,120			4,148,493			3,347,276
Non-allocable corporate expenses		(175,626	)		(131,116	)		(561,430	)		(438,470	)
Operating income		1,318,202			563,004			3,587,063			2,908,806
Net non-operating income (expense)		64,333			13,049			302,235			35,058
Income before income taxes	$	1,382,535		$	576,053		$	3,889,298		$	2,943,864

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.