Business Segment and Geographic Area Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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

	Three Months Ended June 30,
	2017						2016
	Foam		Coatings		Totals		Foam		Coatings		Totals
Sales	$	22,148	$	4,107	$	26,255	$	16,624	$	3,467	$	20,091
Depreciation	16		3		19		21		4		25
Amortization of Other Intangible Assets	44		8		52		52		11		63
Interest Expense	24		4		28		220		46		266
Segment Profit	3,251		722		3,973		2,777		611		3,388
Segment Assets (1)	22,532		4,858		27,390		19,166		4,610		23,776
Expenditures for Segment Assets	$	195	$	36	$	231	$	146	$	30	$	176

Note 16. Business Segment and Geographic Area Information, continued.

	Six Months Ended June 30,
	2017						2016
	Foam		Coatings		Totals		Foam		Coatings		Totals
Sales	$	41,741	$	7,058	$	48,799	$	34,369	$	6,361	$	40,730
Depreciation	32		5		37		44		8		52
Amortization of Other Intangible Assets	104		16		120		109		20		129
Interest Expense	51		8		59		456		85		541
Segment Profit	5,897		1,234		7,131		4,804		1,039		5,843
Segment Assets (1)	22,532		4,858		27,390		19,166		4,610		23,776
Expenditures for Segment Assets	$	196	$	36	$	232	$	150	$	28	$	178

Reconciliation of Reportable Segment Profit or Loss

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 June 30,						For The Six Months Ended June 30,
Profit or Loss	2017			2016			2017			2016
Total Profit or Loss for Reportable Segments	$	3,973		$	3,388		$	7,131		$	5,843
Unallocated Amounts:
Corporate Expenses	(1,564		)	(1,677		)	(3,231		)	(3,235		)
Income Before Income Taxes	$	2,409		$	1,711		$	3,900		$	2,608

Reconciliation of Assets from Segment to Consolidated

Assets	At June 30, 2017		At December 31, 2016
Total Assets for Reportable Segments (1)	$	27,390	$	27,104
Other Unallocated Amounts (2)	1,066		2,291
Consolidated Total	$	28,456	$	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.

Summary of Sales and Long-Lived Assets by Geographic Area

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

	For The Three Months Ended June 30,				For The Six Months Ended June 30,
Sales	2017		2016		2017		2016
United States	$	25,505	$	18,658	$	47,491	$	37,943
Canada	140		329		226		631
Europe	350		543		678		949
Middle East	—		—		—		3
Rest of World	260		561		404		1,204
Total	$	26,255	$	20,091	$	48,799	$	40,730
Long Lived Assets (1)	6,828		6,505		6,828		6,505

(1) All segment assets are located in the United States.