BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 10 - BUSINESS SEGMENTS

P&F operates in two primary lines of business, or segments: Tools and 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 referred to in Note 1.  

Three months ended March 31, 2015	Consolidated		Tools		Hardware
Revenue	$	19,826,000	$	14,559,000	$	5,267,000
Segment operating income	$	2,865,000	$	1,908,000	$	957,000
General corporate expense		(1,442,000)
Interest expense		(192,000)
Earnings before income taxes	$	1,231,000
Segment assets	$	75,143,000	$	61,836,000	$	13,307,000
Corporate assets		1,764,000
Total assets	$	76,907,000
Long-lived assets, including $47,000 at corporate	$	34,443,000	$	29,800,000	$	4,596,000

Three months ended March 31, 2014	Consolidated		Tools		Hardware
Revenue	$	15,932,000	$	11,191,000	$	4,741,000
Segment operating income	$	2,219,000	$	1,328,000	$	891,000
General corporate expense		(1,411,000)
Interest expense		(89,000)
Earnings before income taxes	$	719,000
Segment assets	$	50,659,000	$	37,385,000	$	13,274,000
Corporate assets		3,153,000
Total assets	$	53,812,000
Long-lived assets, including $20,000 at corporate	$	16,631,000	$	12,032,000	$	4,579,000

Revenue and long-lived assets by geographic region were as follows:

	Three months ended March 31,
	2015		2014
Revenue:
North America	$	18,571,000	$	15,711,000
Europe		900,000		42,000
All other		355,000		179,000
Total Revenue	$	19,826,000	$	15,932,000
Long-Lived Assets:
North America	$	33,311,000	$	16,631,000
Europe		1,132,000		—
Total Long-Lived Assets	$	34,443,000	$	16,631,000