Note 9 - Operations and Industry Segments

6 Months Ended

Apr. 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 industry segments:

	Three Months Ended						Six Months Ended
	April 2, 2016			March 28, 2015			April 2, 2016			March 28, 2015
Net sales:
Medical	$	10,972,017		$	11,105,935		$	22,364,814		$	23,938,580
Custom products		3,880,612			3,927,683			13,939,997			6,815,713
	$	14,852,629		$	15,033,618		$	36,304,811		$	30,754,293
Operating profit (loss):
Medical	$	1,229,251		$	1,215,146		$	2,731,102		$	3,000,320
Custom products		154,420			(69,473	)		359,220			(345,654	)
		1,383,671			1,145,673			3,090,322			2,654,666
Corporate expense		(223,481	)		(220,876	)		(373,677	)		(385,804	)
Other income (expense)		(53,441	)		171,641			54,856			237,901
Income before income taxes	$	1,106,749		$	1,096,438		$	2,771,501		$	2,506,763

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.