Note 7 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft			Total
For the quarter ended September 30, 2013
Net sales	$	6,476,676		$	11,128,646	$	919,282		$	18,524,604
Gross profit		4,358,097			6,752,739		590,107			11,700,943
Operating earnings		956,721			1,351,062		97,570			2,405,353
Interest expense		(51,021	)		-		-			(51,021	)
Other income (expense), net		33,372			-		(19,595	)		13,777
Income before income taxes		939,072			1,351,062		77,975			2,368,109
Depreciation and amortization		241,864			71,496		13,325			326,685
Fixed asset additions		290,087			162,697		-			452,784
Total assets	$	40,445,814		$	11,150,004	$	2,589,503		$	54,185,321
For the quarter ended September 30, 2012
Net sales	$	6,242,602		$	9,947,911	$	810,215		$	17,000,728
Gross profit		4,111,067			5,848,397		445,306			10,404,770
Operating earnings		(297,897	)		987,704		(44,951	)		644,856
Interest expense		(59,623	)		-		-			(59,623	)
Other income (expense), net		15,926			-		(18,713	)		(2,787	)
Income before income taxes		(341,594	)		987,704		(63,664	)		582,446
Depreciation and amortization		205,991			50,650		13,428			270,069
Fixed asset additions		779,676			107,234		3,529			890,439
Total assets	$	35,690,494		$	10,719,659	$	2,242,963		$	48,653,116

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft			Total
For the nine months ended September 30, 2013
Net sales	$	19,934,996		$	33,930,587	$	2,869,861		$	56,735,444
Gross profit		13,171,368			20,584,324		1,796,201			35,551,893
Operating earnings		2,853,219			4,243,006		276,052			7,372,277
Interest expense		(158,659	)		-		-			(158,659	)
Other income (expense), net		108,077			26		30,697			138,800
Income before income taxes		2,802,637			4,243,032		306,749			7,352,418
Depreciation and amortization		655,022			193,118		41,255			889,395
Fixed asset additions		1,858,985			554,831		1,668			2,415,484
Total assets	$	40,445,814		$	11,150,004	$	2,589,503		$	54,185,321
For the nine months ended September 30, 2012
Net sales	$	19,678,009		$	30,093,864	$	2,310,188		$	52,082,061
Gross profit		12,914,740			18,365,729		1,430,136			32,710,605
Operating earnings		2,038,267			3,655,932		(30,395	)		5,663,804
Interest expense		(176,251	)		-		-			(176,251	)
Other income (expense), net		44,275			13		15,498			59,786
Income before income taxes		1,906,291			3,655,945		(14,897	)		5,547,339
Depreciation and amortization		613,608			140,566		39,948			794,122
Fixed asset additions		913,900			303,525		76,625			1,294,050
Total assets	$	35,690,494		$	10,719,659	$	2,242,963		$	48,653,116

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Three months ended September 30,	2013		2012
United States	$	15,466,317	$	14,221,642
Canada		1,889,696		1,761,960
All other countries		1,168,591		1,017,126
	$	18,524,604	$	17,000,728

Nine months ended September 30,	2013		2012
United States	$	47,404,281	$	43,861,288
Canada		5,728,405		5,214,782
All other countries		3,602,758		3,005,991
	$	56,735,444	$	52,082,061