XML 73 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 14 - Segment Information (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Segment Reporting Information, by Segment [Table Text Block]
   
Wholesale Leathercraft
   
Retail Leathercraft
   
International
Leathercraft
   
Total
 
For the year ended December 31, 2012
                       
Net Sales
  $ 26,850,002     $ 42,616,546     $ 3,254,076     $ 72,720,624  
Gross Profit
    18,063,191       25,833,852       2,008,631       45,905,674  
Operating earnings
    3,730,678       5,436,745       (23,418 )     9,144,005  
Interest expense
    240,934       -       -       240,934  
Other, net
    (14,498 )     (13 )     (27,763 )     (42,574 )
Income before income taxes
    3,504,542       5,436,758       4,345       8,945,645  
Depreciation and amortization
    820,622       193,394       54,210       1,068,226  
Fixed asset additions
    2,111,569       496,846       77,806       2,686,221  
Total assets
  $ 36,535,099     $ 10,037,416     $ 2,515,157     $ 49,087,672  
                                 
For the year ended December 31, 2011
                               
Net Sales
  $ 26,540,899     $ 37,435,832     $ 2,126,216     $ 66,102,947  
Gross Profit
    16,268,075       22,645,847       1,423,237       40,337,159  
Operating earnings
    2,803,034       4,656,067       247,549       7,706,650  
Interest expense
    248,576       -       -       248,576  
Other, net
    (79,149 )     -       (4,279 )     (83,428 )
Income before income taxes
    2,642,586       4,647,089       251,827       7,541,502  
Depreciation and amortization
    841,058       158,804       16,699       1,016,561  
Fixed asset additions
    535,713       350,570       214,240       1,100,523  
Total assets
  $ 35,966,965     $ 7,185,016     $ 2,350,934     $ 45,502,915  
                                 
For the year ended December 31, 2010
                               
Net Sales
  $ 25,908,177     $ 32,291,442     $ 1,693,251     $ 59,892,870  
Gross Profit
    15,731,593       19,439,045       1,080,219       36,250,857  
Operating earnings
    2,690,061       3,614,856       330,694       6,635,611  
Interest expense
    265,405       -       -       265,405  
Other, net
    (125,700 )     8,756       11,404       (105,540 )
Income before income taxes
    2,550,356       3,606,100       319,290       6,475,746  
Depreciation and amortization
    826,515       132,217       13,677       972,409  
Fixed asset additions
    1,372,040       179,703       1,596       1,553,339  
Total assets
  $ 33,595,847     $ 6,230,213     $ 769,514     $ 40,595,574  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
   
2012
   
2011
   
2010
 
United States
  $ 61,041,650     $ 56,337,737     $ 51,561,070  
Canada
    7,496,840       6,714,100       5,862,857  
All other countries
    4,182,134       3,051,110       2,468,943  
    $ 72,720,624     $ 66,102,947     $ 59,892,870