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Segment Reporting | 9 Months Ended
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Sep. 30, 2013
Segment Reporting |
Segment Reporting | (8) 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 protective 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, defense and automotive markets 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, 2012, 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 5% of the Company’s consolidated revenues for the three-month period ended September 30, 2013. All of the Company’s assets are located in the United States. Unallocated assets consist of the Company’s cash balance.
|  | Three Months Ended September 30, 2013 |  | Three Months Ended September 30, 2012 |
|  | Engineered Packaging $ |  | Component Products $ |  | Total UFPT $ |  | Engineered Packaging $ |  | Component Products $ |  | Total UFPT $ |
Net sales |  | 11,907,703 |  | 22,792,489 |  | 34,700,192 |  | 11,009,769 |  | 20,957,057 |  | 31,966,826 |
Operating income |  | 1,945,130 |  | 2,538,689 |  | 4,483,819 |  | 982,942 |  | 3,087,228 |  | 4,070,170 |
Depreciation / amortization |  | 600,523 |  | 404,513 |  | 1,005,036 |  | 339,238 |  | 373,461 |  | 712,699 |
Capital expenditures |  | 301,152 |  | 1,171,562 |  | 1,472,714 |  | 3,053,238 |  | (33,601 | ) | 3,019,637 |
|  | Nine Months Ended September 30, 2013 |  | Nine Months Ended September 30, 2012 |
|  | Engineered Packaging $ |  | Component Products $ |  | Unallocated Assets $ |  | Total UFPT $ |  | Engineered Packaging $ |  | Component Products $ |  | Unallocated Assets $ |  | Total UFPT $ |
Net sales |  | 33,778,139 |  | 70,451,292 |  | — |  | 104,229,431 |  | 31,233,197 |  | 66,358,457 |  | — |  | 97,591,654 |
Operating income |  | 3,576,280 |  | 8,496,515 |  | — |  | 12,072,795 |  | 1,990,671 |  | 10,073,497 |  | — |  | 12,064,168 |
Depreciation / amortization |  | 1,669,407 |  | 1,312,209 |  | — |  | 2,981,616 |  | 1,061,483 |  | 1,056,055 |  | — |  | 2,117,538 |
Capital expenditures |  | 2,898,255 |  | 2,119,186 |  | — |  | 5,017,441 |  | 6,385,763 |  | 1,663,148 |  | — |  | 8,048,911 |
Total assets |  | 31,444,726 |  | 34,662,583 |  | 38,232,943 |  | 104,340,252 |  | 27,686,738 |  | 28,686,295 |  | 31,155,308 |  | 87,528,341 |

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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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 Reference 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 + Details
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