Business Segment and Geographic Area Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Business Segment and Geographic Area Information

Business Segment and Geographic Area Information.

Business Segments

The Company is a leading national manufacturer and supplier operating two segments, Foam and Coatings, based on manufacturing competencies. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company allocates resources to segments and evaluates the performance of segments based upon reported segment sales. Administrative expenses are allocated to both segments. Unallocated costs reflect certain corporate expenses, insurance, investor relations, and gains and losses related to the disposal of corporate assets and derivative liabilities and are included in Unallocated Amounts. There are no intersegment sales or transfers.

Summarized financial information for the reportable segments is as follows (in thousands):

	Three Months Ended March 31,
	2016						2015
	Foam		Coatings		Totals		Foam		Coatings		Totals
Sales	$	17,745	$	2,894	$	20,639	$	15,406	$	2,088	$	17,494
Depreciation	23		4		27		30		4		34
Amortization of Other Intangible Assets	57		9		66		52		7		59
Interest Expense	236		39		275		246		33		279
Segment Profit	$	2,022	$	434	$	2,456	$	513	$	186	$	699
Segment Assets (1)	19,939		4,045		23,984		19,030		3,482		22,512
Expenditures for Segment Assets	$	1	$	—	$	1	$	11	$	2	$	13

The following are reconciliations of reportable segment profit or loss, and assets, to the Company’s consolidated totals (in thousands):

	For The Three Months Ended March 31,
Profit or Loss	2016			2015
Total Profit or Loss for Reportable Segments	$	2,456		$	699
Unallocated Amounts:
Corporate Expenses	(1,559		)	(2,007		)
Income (Loss) Before Income Taxes	$	897		$	(1,308	)

Assets	At March 31, 2016		At December 31, 2015
Total Assets for Reportable Segments (1)	$	23,984	$	23,713
Other Unallocated Amounts (2)	191		2,296
Consolidated Total	$	24,175	$	26,009

(1) Segment assets are the total assets used in the operation of each segment.

(2) Includes corporate assets which are principally cash and cash equivalents and deposits.

Geographic Area Information

The Company does not operate any manufacturing sites nor maintain a permanent establishment in any particular country outside of the United States at this time. The Company’s products are sold to independent distributors globally for select target markets. Sales are attributed to geographic areas based on customer location. Long-lived assets are attributable to geographic areas based on asset location.

Sales and Long-Lived Assets by geographic area are as follows (in thousands):

	Three Months Ended March 31,
	2016										2015
	United States		Europe		Middle East		Rest of World		Total		United States		Europe		Middle East		Rest of World		Total
Sales	$	19,509	$	826	$	3	$	301	$	20,639	$	17,007	$	202	$	—	$	285	$	17,494
Long-Lived Assets	$	23,984	—		—		—		$	23,984	$	22,512	—		—		—		$	22,512