XML 43 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting
 9 Months Ended
Sep. 30, 2012
Segment Reporting  
Segment Reporting

(9)                   Segment Reporting

 

The Company is organized based on the nature of the products and services it offers.  Under this structure, the Company produces products within two distinct segments: Engineered Packaging and Component Products.  Within the Engineered Packaging segment, the Company primarily uses polyethylene and polyurethane foams, sheet plastics, and pulp fiber to provide customers with cushion packaging for their products.  Within the Component Products segment, the Company primarily uses cross-linked polyethylene and technical urethane foams to provide customers in the medical, aerospace and defense, automotive, athletic, and leisure industries with custom-designed products for numerous purposes.

 

The accounting policies of the segments are the same as those described in Note 1 to the consolidated financial statements contained in the Company’s annual report on Form 10-K for the year ended December 31, 2011, as filed with the Securities and Exchange Commission.  The Company evaluates the performance of its operating segments based on operating income.

 

Inter-segment transactions are uncommon and not material.  Therefore, they have not been reflected separately in the financial table below.  Revenues from customers outside of the United States are not material.  No customer comprised more than 10% of the Company’s consolidated revenues for the nine-month period ended September 30, 2012.  All of the Company’s assets are located in the United States.

 

 

 

Three Months Ended 9/30/12

 

Three Months Ended 9/30/11

 

 

 

Engineered
Packaging
$

 

Component
Products
$

 

Total
UFPT
$

 

Engineered
Packaging
$

 

Component
Products
$

 

Total
UFPT
$

 

Net sales

 

11,009,769

 

20,957,057

 

31,966,826

 

10,905,820

 

19,856,139

 

30,761,959

 

Operating income

 

982,942

 

3,087,228

 

4,070,170

 

461,936

 

2,802,522

 

3,264,458

 

Depreciation / amortization

 

339,238

 

373,461

 

712,699

 

243,141

 

335,142

 

578,283

 

Capital expenditures

 

3,053,238

 

(33,601

)

3,019,637

 

970,247

 

663,794

 

1,634,041

 

 

 

 

Nine Months Ended 9/30/12

 

Nine Months Ended 9/30/11

 

 

 

Engineered
Packaging
$

 

Component
Products
$

 

Unallocated
Assets
$

 

Total
UFPT
$

 

Engineered
Packaging
$

 

Component
Products
$

 

Unallocated
Assets
$

 

Total
UFPT
$

 

Net sales

 

31,233,197

 

66,358,457

 

—

 

97,591,654

 

31,590,084

 

64,176,457

 

—

 

95,766,541

 

Operating income

 

1,990,671

 

10,073,497

 

—

 

12,064,168

 

1,874,537

 

9,620,429

 

—

 

11,494,966

 

Total assets

 

27,686,738

 

28,686,295

 

31,155,308

 

87,528,341

 

19,981,754

 

28,205,343

 

28,688,332

 

76,875,429

 

Depreciation / amortization

 

1,061,483

 

1,056,055

 

—

 

2,117,538

 

924,368

 

1,057,407

 

—

 

1,981,775

 

Capital expenditures

 

6,385,763

 

1,663,148

 

—

 

8,048,911

 

1,680,918

 

957,379

 

—

 

2,638,297