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Business and Geographic Information
12 Months Ended
Dec. 31, 2020
Segments Geographical Areas [Abstract]  
Business and geographic information

Note 2 - Business and geographic information:

We operate in the security products industry and marine components industry through our majority ownership of CompX.  CompX manufactures and sells security products including locking mechanisms and other security products for sale to the transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare and other industries with a facility in South Carolina and a facility shared with Marine Components in Illinois.  CompX also manufactures and distributes stainless steel exhaust systems, gauges, throttle controls, wake enhancement systems, trim tabs and related hardware and accessories primarily for performance and ski/wakeboard boats.  

 

The following table disaggregates our net sales by reporting unit, which are the categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors (as required by ASC 606).

 

 

Years ended December 31,

 

 

2018

 

 

2019

 

 

2020

 

 

(In thousands)

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

Security Products

$

98,383

 

 

$

99,328

 

 

$

87,863

 

Marine Components

 

19,834

 

 

 

24,915

 

 

 

26,674

 

Total

$

118,217

 

 

$

124,243

 

 

$

114,537

 

 

For geographic information, the point of origin (place of manufacture) for all net sales is the U.S., the point of destination for net sales is based on the location of the customer.  

 

 

Years ended December 31,

 

 

2018

 

 

2019

 

 

2020

 

 

(In thousands)

 

Net sales - point of destination:

 

 

 

 

 

 

 

 

 

 

 

United States

$

108,773

 

 

$

114,186

 

 

$

107,712

 

Canada

 

6,436

 

 

 

7,257

 

 

 

4,423

 

Mexico

 

1,438

 

 

 

922

 

 

 

431

 

Other

 

1,570

 

 

 

1,878

 

 

 

1,971

 

Total

$

118,217

 

 

$

124,243

 

 

$

114,537

 

All of our net property and equipment is located in the United States at December 31, 2019 and 2020.