XML 28 R18.htm IDEA: XBRL DOCUMENT

Business segment information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Business Segment Information


		Three months ended						Six months ended
		June 30,						June 30,
		2024			2025			2024			2025

		(In thousands)
Net sales:
Security Products		$	28,213		$	30,683		$	58,100		$	60,913
Marine Components			7,674			9,683			15,758			19,725
Total		$	35,887		$	40,366		$	73,858		$	80,638

Cost of sales:
Security Products		$	19,261		$	21,129		$	40,376		$	42,361
Marine Components			5,461			6,347			12,650			13,224
Total		$	24,722		$	27,476		$	53,026		$	55,585

Gross Margin:
Security Products		$	8,952		$	9,554		$	17,724		$	18,552
Marine Components			2,213			3,336			3,108			6,501
Total		$	11,165		$	12,890		$	20,832		$	25,053

Segment selling, general and administrative expense:
Security Products		$	3,510		$	3,786		$	6,832		$	7,263
Marine Components			826			942			1,687			1,866
Total		$	4,336		$	4,728		$	8,519		$	9,129

Operating income:
Security Products		$	5,442		$	5,768		$	10,892		$	11,289
Marine Components			1,387			2,394			1,421			4,635
Segment operating income			6,829			8,162			12,313			15,924
Corporate operating expenses			(1,748)			(1,842)			(3,517)			(3,735)
Total operating income			5,081			6,320			8,796			12,189
Interest income			1,295			846			2,519			1,719
Income before income taxes		$	6,376		$	7,166		$	11,315		$	13,908

Depreciation and amortization:
Security Products		$	621		$	622		$	1,246		$	1,266
Marine Components			299			301			600			602
Total		$	920		$	923		$	1,846		$	1,868