Note 7 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Notes Tables

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

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft			Total
For the quarter ended June 30, 201 5
Net sales	$	6,394,278		$	12,532,411	$	846,839		$	19,773,528
Gross profit		4,726,907			7,548,859		538,615			12,814,381
Operating earnings		968,552			1,336,669		28,621			2,333,842
Interest (expense)		(34,762	)		-		-			(34,762	)
Other income (expense), net		25,769			-		(15,892	)		9,877
Income before income taxes		959,559			1,336,669		12,729			2,308,957
Depreciation and amortization		274,536			137,735		13,249			425,520
Fixed asset additions		164,540			226,777		19,470			410,787
Total assets	$	38,507,395		$	20,875,591	$	4,186,980		$	63,569,966
For the quarter ended June 30 , 20 14
Net sales	$	6,457,467		$	12,201,624	$	1,044,516		$	19,703,607
Gross profit		4,774,051			7,308,073		697,482			12,779,606
Operating earnings		1,106,942			1,427,913		121,422			2,656,277
Interest (expense)		(44,855	)		-		-			(44,855	)
Other income (expense), net		15,398			-		(10,064	)		5,334
Income before income taxes		1,077,485			1,427,913		111,358			2,616,756
Depreciation and amortization		238,783			113,319		17,263			369,365
Fixed asset additions		160,847			145,768		1,185			307,800
Total assets	$	45,455,609		$	14,967,724	$	2,314,779		$	62,738,112

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft			Total
For the six months ended June 30, 201 5
Net sales	$	13,119,582		$	25,641,824	$	1,800,886		$	40,562,292
Gross profit		8,896,542			15,394,625		1,106,142			25,397,309
Operating earnings		1,920,407			2,740,121		62,195			4,722,723
Interest (expense)		(78,925	)		-		-			(78,925	)
Other income (expense), net		37,162			-		(7,412	)		29,750
Income before income taxes		1,878,644			2,740,121		54,783			4,673,548
Depreciation and amortization		514,254			270,597		24,605			809,456
Fixed asset additions		584,446			484,315		19,470			1,088,231
Total assets	$	38,507,395		$	20,875,591	$	4,186,980		$	63,569,966
For the six months ended June 30, 201 4
Net sales	$	13,281,435		$	24,157,978	$	2,102,660		$	39,542,073
Gross profit		9,304,260			14,806,489		1,384,580			25,495,329
Operating earnings		2,479,579			2,900,616		242,745			5,622,940
Interest expense		(90,683	)		-		-			(90,683	)
Other income (expense), net		25,174			-		(18,496	)		6,678
Income before income taxes		2,414,070			2,900,616		224,249			5,538,935
Depreciation and amortization		464,639			217,760		33,521			715,920
Fixed asset additions		397,057			501,967		50,058			949,082
Total assets	$	45,455,609		$	14,967,724	$	2,314,779		$	62,738,112

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

Three months ended June 30,	20 15		20 14
United States	$	16,836,732	$	16,432,956
Canada		1,852,181		2,030,752
All other countries		1,084,615		1,239,899
	$	19,773,528	$	19,703,607
Six months ended June 30,	20 15		20 14
United States	$	34,585,363	$	33,078,842
Canada		3,738,766		3,926,810
All other countries		2,238,163		2,536,421
	$	40,562,292	$	39,542,073