Note 8 - Operating Segment Information

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

N

OTE

8

–

Operating Segment Information

:

The Company classifies its businesses into t

hree operating segments based on the types of products and services provided. The Uniforms and Related Products segment consists of the sale of uniforms and related items. The Promotional Products segment consists of sales to customers of promotional products and other branded merchandise. The Remote Staffing Solutions segment consists of sales of staffing solutions.

The Company evaluates the performance of each operating segment based on several factors of which the primary financial measures are operating segm

ent net sales and income before taxes on income. The accounting policies of the operating segments are the same as those described in Note 

1

entitled Summary of Significant Interim Accounting Policies. Amounts for corporate expenses are included in the Uniforms and Related Products segment totals. Information related to the operations of the Company's operating segments is set forth below.

The amounts presented have been restated for the

three

-month period and the

nine

-month period ended

September 30, 2016

to reflect the addition of the Promotional Products segment.

	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Three Months Ended
September 30, 2017
Net sales	$	51,854,000	$	6,036,000	$	10,810,000	$	(927,000	)	$	67,773,000
Gross margin		18,640,000		3,267,000		3,482,000		(600,000	)		24,789,000
Selling and administrative expenses		13,355,000		2,023,000		2,956,000		(600,000	)		17,734,000
Interest expense		100,000		-		113,000		-			213,000
Income before taxes on income	$	5,185,000	$	1,244,000	$	413,000	$	-		$	6,842,000
Depreciation and amortization	$	1,044,000	$	200,000	$	122,000	$	-		$	1,366,000
Capital expenditures	$	246,000	$	178,000	$	90,000	$	-		$	514,000
Total assets	$	177,103,000	$	20,618,000	$	34,945,000	$	(27,341,000	)	$	205,325,000

	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products			Intersegment Eliminations			Total
As of and For the Three Months Ended
September 30, 2016
Net sales	$	55,341,000	$	4,624,000	$	6,215,000		$	(898,000	)	$	65,282,000
Gross margin		19,043,000		2,465,000		2,220,000			(588,000	)		23,140,000
Selling and administrative expenses		13,613,000		1,548,000		2,389,000			(588,000	)		16,962,000
Interest expense		107,000		-		65,000			-			172,000
Income before taxes on income	$	5,323,000	$	917,000	$	(234,000	)	$	-		$	6,006,000
Depreciation and amortization	$	1,023,000	$	133,000	$	127,000		$	-		$	1,283,000
Capital expenditures	$	851,000	$	184,000	$	29,000		$	-		$	1,064,000
Total assets	$	174,307,000	$	19,211,000	$	26,507,000		$	(25,260,000	)	$	194,765,000

	Uniforms and Related Products			Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
As of and For the Nine Months Ended
September 30, 2017
Net sales	$	152,297,000		$	16,261,000	$	28,602,000	$	(2,795,000	)	$	194,365,000
Gross margin		53,795,000			8,819,000		9,581,000		(1,817,000	)		70,378,000
Selling and administrative expenses		40,727,000			5,489,000		8,456,000		(1,817,000	)		52,855,000
Gain (loss) on sale of property, plant and equipment		(2,000	)		1,020,000		-		-			1,018,000
Interest expense		311,000			-		282,000		-			593,000
Income before taxes on income	$	12,755,000		$	4,350,000	$	843,000	$	-		$	17,948,000
Depreciation and amortization	$	3,143,000		$	585,000	$	353,000	$	-		$	4,081,000
Capital expenditures	$	1,890,000		$	485,000	$	143,000	$	-		$	2,518,000
Total assets	$	177,103,000		$	20,618,000	$	34,945,000	$	(27,341,000	)	$	205,325,000

	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products			Intersegment Eliminations			Total
As of and For the Nine Months Ended
September 30, 2016
Net sales	$	157,247,000	$	13,482,000	$	19,854,000		$	(2,673,000	)	$	187,910,000
Gross margin		52,615,000		7,247,000		6,806,000			(1,744,000	)		64,924,000
Selling and administrative expenses		40,086,000		4,445,000		7,594,000			(1,744,000	)		50,381,000
Interest expense		359,000		-		153,000			-			512,000
Income before taxes on income	$	12,170,000	$	2,802,000	$	(941,000	)	$	-		$	14,031,000
Depreciation and amortization	$	2,995,000	$	317,000	$	290,000		$	-		$	3,602,000
Capital expenditures	$	2,680,000	$	3,821,000	$	95,000		$	-		$	6,596,000
Total assets	$	174,307,000	$	19,211,000	$	26,507,000		$	(25,260,000	)	$	194,765,000