Note 7 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft			Total
For the quarter ended September 30, 2016
Net sales	$	5,625,427		$	12,119,703	$	883,232		$	18,628,362
Gross profit		3,798,569			7,325,700		520,602			11,644,871
Operating earnings (loss)		468,589			1,120,482		(49,012	)		1,540,059
Interest (expense)		(43,493	)		-		-			(43,493	)
Other income (expense), net		7,052			-		(3,482	)		3,570
Income (loss) before income taxes		432,148			1,120,482		(52,494	)		1,500,136
Depreciation and amortization		245,381			173,710		22,194			441,285
Fixed asset additions		179,469			305,878		2,077			487,424
Total assets	$	49,897,968		$	16,062,997	$	3,837,798		$	69,798,763
For the quarter ended September 30, 2015
Net sales	$	6,114,793		$	12,328,599	$	912,545		$	19,355,937
Gross profit		4,180,181			7,118,111		534,405			11,832,697
Operating earnings		682,461			1,122,222		55,068			1,859,751
Interest expense		(228,235	)		-		-			(228,235	)
Other income (expense), net		9,408			-		28,912			38,320
Income before income taxes		463,634			1,122,222		83,980			1,669,836
Depreciation and amortization		200,147			141,582		11,931			353,660
Fixed asset additions		122,549			124,502		3,816			250,867
Total assets	$	40,209,669		$	18,113,696	$	4,277,115		$	62,600,480

	Wholesale Leathercraft			Retail Leathercraft		Int’l Leathercraft		Total
For the nine months ended September 30, 2016
Net sales	$	18,187,330		$	37,856,229	$	2,779,935	$	58,823,494
Gross profit		12,977,737			22,386,652		1,829,018		37,193,407
Operating earnings		3,143,151			3,501,441		97,148		6,741,740
Interest (expense)		(108,949	)		-		-		(108,949	)
Other income (expense), net		21,784			-		5,181		26,965
Income before income taxes		3,055,986			3,501,441		102,329		6,659,756
Depreciation and amortization		709,370			477,620		86,088		1,273,078
Fixed asset additions		764,460			565,986		54,985		1,385,431
Total assets	$	49,897,968		$	16,062,997	$	3,837,798	$	69,798,763
For the nine months ended September 30, 2015
Net sales	$	19,234,375		$	37,970,423	$	2,713,431	$	59,918,229
Gross profit		13,076,723			22,512,736		1,640,547		37,230,006
Operating earnings		2,602,868			3,862,343		117,263		6,582,474
Interest expense		(307,160	)		-		-		(307,160	)
Other income (expense), net		46,570			-		21,500		68,070
Income before income taxes		2,342,278			3,862,343		138,763		6,343,384
Depreciation and amortization		714,401			412,179		36,536		1,163,116
Fixed asset additions		706,995			608,817		23,286		1,339,098
Total assets	$	40,209,669		$	18,113,696	$	4,277,115	$	62,600,480

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

Three months ended September 30,	2016		2015
United States	$	15,955,084	$	16,558,873
Canada		1,597,652		1,693,958
All other countries		1,075,626		1,103,106
	$	18,628,362	$	19,355,937

Nine months ended September 30,	2016		2015
United States	$	50,293,346	$	51,144,236
Canada		5,085,955		5,432,724
All other countries		3,444,193		3,341,269
	$	58,823,494	$	59,918,229