Note 9 - Operations and Industry Segments

3 Months Ended

Dec. 31, 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, Canada and other countries for which we manufacture and distribute our various products.

The following table summarizes certain information on our industry segments:

	Three Months Ended
	December 31,			January 2,
	2016			2016
Net sales:
Medical	$	12,518,152		$	11,392,797
Custom products		2,704,478			10,059,385
	$	15,222,630		$	21,452,182
Operating profit:
Medical	$	1,606,445		$	1,501,851
Custom products		(13,181	)		204,800
		1,593,264			1,706,651
Corporate expense		(202,024	)		(150,196	)
Other income		33,652			108,297
Income before income taxes	$	1,424,892		$	1,664,752

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 all segments are included on an allocated basis.