Note E - Business Segments

9 Months Ended

Sep. 27, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE E – BUSINESS SEGMENTS 

In the following summary, operating profit represents earnings before other income and income taxes.  The Company's segments operate discretely from each other with no shared owned or leased manufacturing facilities.  Costs associated with corporate activities (such as cash and marketable securities management) and the assets associated with such activities are included within the Housewares/Small Appliances segment for all periods presented.

On July 23, 2019, the Company purchased substantially all the assets of OneEvent Technologies, Inc., a Mount Horeb, Wisconsin company established in 2014.  OneEvent’s cloud-based learning and analytics engine utilizes a series of sensing devices integrated with a cellular gateway to predict, alert, and prevent.  Sensors measure a variety of environmental data including temperature, smoke, carbon monoxide, humidity, water, motion, and more.  See Note K.  Because a major focus of OneEvent is protection for buildings, homes, assets, and occupant, the Company has created a new operating segment, “Safety,” combining its operations with those of Rusoh, Inc., which designs and markets fire extinguishers.  Previously, Rusoh, Inc. had been included in the Company’s Housewares/Small Appliance segment.  Prior period segment information has been restated to reflect the Company’s current segmentation.

	(in thousands)
	Housewares / Small Appliances			Defense Products		Safety			Total
Quarter ended September 27, 2020
External net sales	$	27,169		$	66,679	$	89		$	93,937
Gross profit (loss)		5,259			15,718		(259	)		20,718
Operating profit (loss)		2,385			13,416		(1,349	)		14,452
Total assets		218,464			171,105		21,109			410,678
Depreciation and amortization		243			434		61			738
Capital expenditures		130			624		10			764
Quarter ended September 29, 2019
External net sales	$	21,597		$	56,395	$	14		$	78,006
Gross profit (loss)		2,823			21,363		(339	)		23,847
Operating profit (loss)		(865	)		19,161		(1,058	)		17,238
Total assets		232,565			151,455		20,252			404,272
Depreciation and amortization		320			538		58			916
Capital expenditures		298			460		36			794

	(in thousands)
	Housewares / Small Appliances			Defense Products		Safety			Total
Nine Months Ended September 27, 2020
External net sales	$	73,025		$	173,489	$	191		$	246,705
Gross profit (loss)		13,982			45,631		(1,035	)		58,578
Operating profit (loss)		4,739			38,341		(4,036	)		39,044
Total assets		218,464			171,105		21,109			410,678
Depreciation and amortization		722			1,295		221			2,238
Capital expenditures		456			945		97			1,498
Nine Months Ended September 29, 2019
External net sales	$	60,415		$	153,133		53		$	213,601
Gross profit (loss)		7,369			44,292		(646	)		51,015
Operating profit (loss)		(2,623	)		36,708		(2,162	)		31,923
Total assets		232,565			151,455		20,252			404,272
Depreciation and amortization		943			1,701		171			2,815
Capital expenditures		250			3,555		214			4,019