Business Segment and Geographic Area Information (Tables)

9 Months Ended

Sep. 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 September 30,
	2017						2016
	Foam		Coatings		Totals		Foam			Coatings			Totals
Sales	$	24,642	$	4,186	$	28,828	$	17,719		$	3,198		$	20,917
Depreciation	23		4		27		15			3			18
Amortization of Other Intangible Assets	61		10		71		51			9			60
Interest Expense	21		4		25		147			27			174
Segment Profit	3,502		886		4,388		2,713			541			3,254
Segment Assets (1)	26,830		5,299		32,129		21,315			4,564			25,879
Expenditures for Segment Assets	$	199	$	34	$	233	$	(38	)	$	(7	)	$	(45	)

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

	Nine Months Ended September 30,
	2017						2016
	Foam		Coatings		Totals		Foam		Coatings		Totals
Sales	$	66,383	$	11,244	$	77,627	$	52,088	$	9,559	$	61,647
Depreciation	55		9		64		59		11		70
Amortization of Other Intangible Assets	165		26		191		160		29		189
Interest Expense	72		12		84		603		112		715
Segment Profit	9,399		2,120		11,519		7,517		1,580		9,097
Segment Assets (1)	26,830		5,299		32,129		21,315		4,564		25,879
Expenditures for Segment Assets	$	395	$	70	$	465	$	112	$	21	$	133

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 September 30,						For The Nine Months Ended September 30,
Profit or Loss	2017			2016			2017			2016
Total Profit or Loss for Reportable Segments	$	4,388		$	3,254		$	11,519		$	9,097
Unallocated Amounts:
Corporate Expenses	(1,649		)	(1,747		)	(4,880		)	(4,982		)
Income Before Income Taxes	$	2,739		$	1,507		$	6,639		$	4,115

Reconciliation of Assets from Segment to Consolidated

Assets	At September 30, 2017		At December 31, 2016
Total Assets for Reportable Segments (1)	$	32,129	$	27,104
Other Unallocated Amounts (2)	1,712		2,291
Consolidated Total	$	33,841	$	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 September 30,				For The Nine Months Ended September 30,
Sales	2017		2016		2017		2016
United States	$	27,353	$	19,564	$	75,051	$	57,507
Canada	503		247		729		878
Europe	765		921		1,443		1,870
Middle East	—		—		—		3
Rest of World	207		185		404		1,389
Total	$	28,828	$	20,917	$	77,627	$	61,647
Long Lived Assets (1)	6,774		6,464		6,774		6,464

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