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Segment Data | 12 Months Ended
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Dec. 31, 2012
Segment Data |
Segment Data | (19) Segment Data The Company is organized based on the nature of the products and services that it offers. Under this structure, the Company produces products and our chief operating decision maker analyzes the Company within two distinct segments: Component Products and Packaging. Within the 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 foam to provide customers in the automotive, athletic, leisure, and health and beauty industries with engineered products for numerous purposes. The accounting policies of the segments are the same as those described in Note 1. Income taxes and interest expense have been allocated based on operating results for each segment. Inter-segment transactions are uncommon and not material. Therefore, they have not been separately reflected in the financial table below. The totals of the reportable segments’ revenues, net profits, and assets agree with the Company’s consolidated amounts contained in the audited financial statements. Revenues from customers outside of the United States are not material. Sales to the top customer in the Company’s Component Products segment comprises 5.7% of that segment’s total sales and 3.8% of the Company’s total sales for the year ended December 31, 2012. Sales to the top customer in the Company’s Packaging segment comprise 8.8% of that segment’s total sales and 2.9% of the Company’s total sales for the year ended December 31, 2012. The results for the Packaging segment include the operations of United Development Company Limited for the years ended 2011 and 2010. The Company presents cash and cash equivalents as unallocated assets. Financial statement information by reportable segment is as follows:
2012 |  | Component Products |  | Packaging |  | Unallocated Assets |  | Total |
Sales |  | $ | 88,170,690 |  | $ | 42,791,114 |  | $ | — |  | $ | 130,961,804 |
Operating income |  | 13,585,639 |  | 3,080,391 |  | — |  | 16,666,030 |
Total assets |  | 34,502,008 |  | 30,635,913 |  | 33,479,519 |  | 98,617,440 |
Depreciation / Amortization |  | 1,347,945 |  | 1,580,240 |  | — |  | 2,928,185 |
Capital expenditures |  | 2,511,108 |  | 9,482,642 |  | — |  | 11,993,750 |
Interest expense, net |  | (40,476 | ) | (49,693 | ) | — |  | (90,169 | )
Goodwill |  | 5,020,840 |  | 2,017,791 |  | — |  | 7,038,631 |
2011 |  | Component Products |  | Packaging |  | Unallocated Assets |  | Total |
Sales |  | $ | 84,652,237 |  | $ | 42,591,609 |  | $ | — |  | $ | 127,243,846 |
Operating income |  | 13,036,101 |  | 2,680,097 |  | — |  | 15,716,198 |
Total assets |  | 27,169,529 |  | 22,702,927 |  | 29,848,798 |  | 79,721,254 |
Depreciation / Amortization |  | 1,544,377 |  | 1,236,625 |  | — |  | 2,781,002 |
Capital expenditures |  | 1,029,046 |  | 2,711,845 |  | — |  | 3,740,891 |
Interest expense, net |  | (14,640 | ) | (12,234 | ) | — |  | (26,874 | )
Goodwill |  | 4,463,246 |  | 2,017,791 |  | — |  | 6,481,037 |
2010 |  | Component Products |  | Packaging |  | Unallocated Assets |  | Total |
Sales |  | $ | 80,373,062 |  | $ | 40,393,388 |  | $ | — |  | $ | 120,766,450 |
Operating income |  | 11,104,306 |  | 3,287,884 |  | — |  | 14,392,190 |
Total assets |  | 26,579,654 |  | 20,795,613 |  | 22,102,634 |  | 69,477,901 |
Depreciation / Amortization |  | 1,802,085 |  | 1,350,108 |  | — |  | 3,152,193 |
Capital expenditures |  | 1,814,874 |  | 1,470,656 |  | — |  | 3,285,530 |
Interest expense, net |  | (61,668 | ) | (53,869 | ) | — |  | (115,537 | )
Goodwill |  | 4,463,246 |  | 2,017,791 |  | — |  | 6,481,037 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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