Business Segment and Geographic Area Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Business Segment and Geographic Area Information

Business Segment and Geographic Area Information

Business Segments

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

	Three Months Ended March 31,
	2017						2016
	Foam		Coatings		Totals		Foam		Coatings		Totals
Sales	$	19,593	$	2,951	$	22,544	$	17,745	$	2,894	$	20,639
Depreciation	16		2		18		23		4		27
Amortization of Other Intangible Assets	60		8		68		57		9		66
Interest Expense	27		4		31		236		39		275
Segment Profit	2,646		512		3,158		2,022		434		2,456
Segment Assets (1)	21,720		4,114		25,834		19,939		4,045		23,984
Expenditures for Segment Assets	$	1	$	—	$	1	$	1	$	—	$	1

Note 15. Business Segment and Geographic Area Information - continued.

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	2017			2016
Total Profit or Loss for Reportable Segments	$	3,158		$	2,456
Unallocated Amounts:
Corporate Expenses	(1,667		)	(1,559		)
Income (Loss) Before Income Taxes	$	1,491		$	897

Assets	At March 31, 2017		At December 31, 2016
Total Assets for Reportable Segments (1)	$	25,834	$	27,104
Other Unallocated Amounts (2)	1,733		2,291
Consolidated Total	$	27,567	$	29,395

(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,
	2017										2016
	United States		Europe		Canada		Rest of World		Total		United States		Europe		Canada		Rest of World		Total
Sales	$	21,899	$	328	$	86	$	231	$	22,544	$	19,287	$	629	$	304	$	419	$	20,639
Long-Lived Assets	6,502		—		—		—		6,502		6,838		—		—		—		6,838