BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 12 - BUSINESS SEGMENTS

P&F operates in two primary lines of business, or segments: (i) tools and other products (“Tools”) and (ii) hardware and accessories (“Hardware”). For reporting purposes, Florida Pneumatic and Hy-Tech are combined in the Tools segment, while Nationwide is currently the only subsidiary in the Hardware segment. The Company evaluates segment performance based primarily on segment operating income. The accounting policies of each of the segments are the same as those described in Note 1.

Three months ended June 30, 2011	Consolidated			Tools		Hardware
Revenues from unaffiliated customers	$	14,164,000		$	9,459,000	$	4,705,000
Segment operating income	$	2,396,000		$	1,477,000	$	919,000
General corporate expense		(1,370,000	)
Interest expense – net		(198,000	)
Income from continuing operations before income taxes	$	828,000
Segment assets	$	44,156,000		$	32,687,000	$	11,469,000
Corporate assets		3,189,000
Total assets	$	47,345,000
Long-lived assets, including $292,000 at corporate	$	18,691,000		$	13,907,000	$	4,492,000

Three months ended June 30, 2010	Consolidated			Tools		Hardware
Revenues from unaffiliated customers	$	13,320,000		$	8,695,000	$	4,625,000
Segment operating income	$	1,941,000		$	1,095,000	$	846,000
General corporate expense		(1,335,000	)
Interest expense – net		(337,000	)
Income from continuing operations before income taxes	$	269,000
Segment assets	$	45,981,000		$	35,684,000	$	10,297,000
Corporate assets		3,418,000
Total assets	$	49,399,000
Long-lived assets, including $382,000 at corporate	$	20,063,000		$	15,044,000	$	4,637,000

Six months ended June 30, 2011	Consolidated			Tools		Hardware
Revenues from unaffiliated customers	$	27,617,000		$	19,179,000	$	8,438,000
Segment operating income	$	4,450,000		$	3,094,000	$	1,356,000
General corporate expense		(2,724,000	)
Interest expense – net		(419,000	)
Income from continuing operations before income taxes	$	1,307,000
Segment assets	$	44,156,000		$	32,687,000	$	11,469,000
Corporate assets		3,189,000
Total assets	$	47,345,000
Long-lived assets, including $292,000 at corporate	$	18,691,000		$	13,907,000	$	4,492,000

Six months ended June 30, 2010	Consolidated			Tools		Hardware
Revenues from unaffiliated customers	$	24,467,000		$	16,515,000	$	7,952,000
Segment operating income	$	3,209,000		$	1,948,000	$	1,261,000
General corporate expense		(2,921,000	)
Interest expense – net		(726,000	)
Loss from continuing operations before income taxes	$	(438,000	)
Segment assets	$	45,981,000		$	35,684,000	$	10,297,000
Corporate assets		3,418,000
Total assets	$	49,399,000
Long-lived assets, including $382,000 at corporate	$	20,063,000		$	15,044,000	$	4,637,000