Note 7 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

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, 2014
Net sales	$	6,294,745		$	12,068,832	$	1,053,657		$	19,417,234
Gross profit		4,283,949			7,167,486		723,274			12,174,709
Operating earnings		1,000,329			1,270,884		185,714			2,456,927
Interest expense		(63,684	)		-		-			(63,684	)
Other income (expense), net		19,556			-		17,969			37,525
Income before income taxes		956,201			1,270,884		203,683			2,430,768
Depreciation and amortization		241,264			114,516		17,058			372,838
Fixed asset additions		489,660			279,829		893			770,382
Total assets	$	44,943,519		$	16,439,542	$	2,578,444		$	63,961,505
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

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft			Total
For the nine months ended September 30, 2014
Net sales	$	19,576,180		$	36,226,810	$	3,156,317		$	58,959,307
Gross profit		13,588,209			21,973,975		2,107,854			37,670,038
Operating earnings		3,479,908			4,171,500		428,459			8,079,867
Interest expense		(154,367	)		-		-			(154,367	)
Other income (expense), net		44,730			-		(527	)		44,203
Income before income taxes		3,370,271			4,171,500		427,932			7,969,703
Depreciation and amortization		705,902			332,276		50,580			1,088,758
Fixed asset additions		886,718			781,795		50,951			1,719,464
Total assets	$	44,943,519		$	16,439,542	$	2,578,444		$	63,961,505
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

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

Three months ended September 30,	2014		2013
United States	$	16,219,193	$	15,466,317
Canada		1,908,966		1,889,696
All other countries		1,289,075		1,168,591
	$	19,417,234	$	18,524,604

Nine months ended September 30,	2014		2013
United States	$	49,298,035	$	47,404,281
Canada		5,835,776		5,728,405
All other countries		3,825,496		3,602,758
	$	58,959,307	$	56,735,444