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Business Segment Information
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Business Segment Information

Note 2 – Business segment information:

 

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

(In thousands)

 

 

(In thousands)

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Security Products

$

23,405

 

 

$

21,209

 

 

$

75,036

 

 

$

65,251

 

Marine Components

 

6,298

 

 

 

7,217

 

 

 

19,574

 

 

 

19,286

 

Total net sales

$

29,703

 

 

$

28,426

 

 

$

94,610

 

 

$

84,537

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Security Products

$

4,866

 

 

$

2,797

 

 

$

15,990

 

 

$

11,871

 

Marine Components

 

1,042

 

 

 

1,129

 

 

 

3,223

 

 

 

3,010

 

Corporate operating expenses

 

(1,642

)

 

 

(1,844

)

 

 

(5,034

)

 

 

(5,410

)

Total operating income

 

4,266

 

 

 

2,082

 

 

 

14,179

 

 

 

9,471

 

Interest income

 

848

 

 

 

360

 

 

 

2,512

 

 

 

1,337

 

Income before taxes

$

5,114

 

 

$

2,442

 

 

$

16,691

 

 

$

10,808

 

 

Intersegment sales are not material.