Note 9 - Operations and Industry Segments

3 Months Ended

Jan. 02, 2016

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 our industry segments:

	Three Months Ended
	January 2,			January 3,
	2016			2015
Net sales:
Medical	$	11,392,797		$	12,832,643
Custom Products		10,059,385			2,888,031
	$	21,452,182		$	15,720,674
Operating profit (loss):
Medical	$	1,501,851		$	1,785,174
Custom Products		204,800			(276,181	)
		1,706,651			1,508,993
Corporate expense		(150,196	)		(164,929	)
Other income		108,297			66,261
Income before income taxes	$	1,664,752		$	1,410,325

Total sales by industry segment include sales to unaffiliated customers as reported in our consolidated 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 both segments are included on an allocated basis.