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Business and Geographic Segments (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of Business Segment Information

 

  

Years ended December 31,

 

 

  

2012

 

 

2013

 

 

2014

 

 

  

(In thousands)

 

Net sales:

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

73,715

 

 

$

81,510

 

 

$

91,470

 

Marine Components

  

 

9,481

 

 

 

10,535

 

 

 

12,376

 

 

Total

  

$

83,196

 

 

$

92,045

 

 

$

103,846

 

 

Operating income (loss):

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

14,143

 

 

$

16,142

 

 

$

18,740

 

Marine Components

  

 

(819

)

 

 

(148

)

 

 

705

 

Corporate

  

 

(7,906

)(a)

 

 

(6,666

)

 

 

(5,838

)

 

Total operating income

  

 

5,418

 

 

 

9,328

 

 

 

13,607

 

 

Other non-operating income, net

  

 

-

 

 

 

40

 

 

 

66

 

Interest expense

  

 

(479

)

 

 

(127

)

 

 

 

 

Income from continuing operations before income
taxes

  

$

4,939

 

 

$

9,241

 

 

$

13,673

 

(a)

Corporate operating expenses include write-downs and loss on the disposal of certain assets held for sale of $1.2 million in 2012. See Note 7.

 

 

  

Years ended December 31,

 

 

  

2012

 

  

2013

 

 

2014

 

 

  

(In thousands)

 

Depreciation and amortization:

  

 

 

 

  

 

 

 

 

 

 

 

Security Products

  

$

2,618

 

 

$

2,460

 

 

$

2,771

 

Furniture Components*

  

 

2,404

 

 

 

-

 

 

 

-

 

Marine Components

  

 

687

 

 

 

741

 

 

 

732

 

Corporate

  

 

63

 

 

 

69

 

 

 

30

 

 

Total

  

$

5,772

 

 

$

3,270

 

 

$

3,533

 

 

Capital expenditures:

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

2,029

 

 

$

3,171

 

 

$

2,571

 

Furniture Components*

  

 

1,721

 

 

 

-

 

 

 

-

 

Marine Components

  

 

713

 

 

 

310

 

 

 

250

 

Corporate

  

 

14

 

 

 

20

 

 

 

4

 

 

Total

  

$

4,477

 

 

$

3,501

 

 

$

2,825

 

 

Business Segment Information by Geographical Areas

 

  

 

 

Net sales point of destination:

  

 

 

 

  

 

 

 

 

 

 

 

United States

  

$

78,268

 

 

$

87,307

 

 

$

98,994

 

Canada

  

 

2,194

 

 

 

2,195

 

 

 

1,927

 

Mexico

  

 

1,249

 

 

 

1,129

 

 

 

1,124

 

Other

  

 

1,485

 

 

 

1,414

 

 

 

1,801

 

 

Total

  

$

83,196

 

 

$

92,045

 

 

$

103,846

 

 

 

  

Years ended December 31,

 

 

  

2012

 

  

2013

 

 

2014

 

 

  

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets:

  

 

 

 

 

 

 

 

 

 

 

 

Security Products

  

$

69,143

 

 

$

69,918

 

 

$

72,111

 

Marine Components

  

 

9,689

 

 

 

9,782

 

 

 

9,951

 

Corporate and eliminations

  

 

71,351

 

 

 

41,978

 

 

 

49,473

 

 

Total

  

$

150,183

 

 

$

121,678

 

 

$

131,535

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net property and equipment for 2012, 2013 and 2014 is entirely located in the United States.

*

Denotes disposed operations.  See Note 2.