(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