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Business Segment Information
 6 Months Ended
Jun. 30, 2012
Business Segment Information [Abstract]  
Business segment information

Note 2 – Business segment information:

 

                                 
    Three months ended
June 30,		     Six months ended
June 30,		  
    2011     2012     2011     2012  
    (In thousands)  

Net sales:

                                

Security Products

   $ 18,396     $ 19,248     $ 36,185     $ 37,442  

Furniture Components

     14,146       15,452       29,041       30,555  

Marine Components

     2,699       2,898       4,792       5,132  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Total net sales

   $ 35,241     $ 37,598     $ 70,018     $ 73,129  
   

 

 

    

 

 

    

 

 

    

 

 

  

Operating income:

                                

Security Products

   $ 3,788     $ 3,669     $ 7,361     $ 7,141  

Furniture Components

     765       1,771       7,640       3,096  

Marine Components

     (57 )      102       (412 )      (148 ) 

Corporate operating expense

     (1,358 )      (1,613 )      (2,691 )      (3,251 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Total operating income

     3,138       3,929       11,898       6,838  
         

Other non-operating income, net

     128       6       257       9  

Interest expense

     (187 )      (141 )      (399 )      (302 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Income before income taxes

   $ 3,079     $ 3,794     $ 11,756     $ 6,545  
   

 

 

    

 

 

    

 

 

    

 

 

  

Intersegment sales are not material.

Furniture Components net sales in the second quarter and first six months of 2012 include sales of approximately $1.1 million and $2.3 million, respectively, related to the Furniture Components ergonomics healthcare product line acquired in July 2011. The impact on operating income for the 2012 periods relating to the acquisition was not significant.

Furniture Components operating income for the second quarter of 2011 includes $795,000 of facility consolidation costs. Furniture Components operating income for the first six months of 2011 includes (i) a patent litigation settlement gain of $7.5 million, (ii) patent litigation expenses of $227,000, and (iii) facility consolidation costs of approximately $1.8 million, for a total net positive impact of $5.4 million.