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Note 15 - Activity of Business Segments | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
15. | Activity of Business Segments
The Company operates through two business segments: (1) Building Supply: consisting of a line of construction supply weatherization products. The construction supply weatherization products consist of housewrap and synthetic roof underlayment, as well as other woven material. The majority of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Building Supply segment. (2) Disposable Protective Apparel: consisting of a complete line of disposable protective garments, including shoecovers (including the Aqua Trak® and spunbond shoecovers), bouffant caps, coveralls, frocks, lab coats, gowns and hoods, as well as face masks and face shields for the pharmaceutical, cleanroom, industrial, medical and dental markets. A portion of the Company’s equity in income of unconsolidated affiliate (Harmony) is included in the total segment income for the Disposable Protective Apparel segment. Segment data excludes charges allocated to the principal executive office and other unallocated corporate overhead expenses and income tax. The Company evaluates the performance of its segments and allocates resources to them based primarily on net sales. The accounting policies of the segments are the same as those described previously under Summary of Significant Accounting Policies (see Note 2). Segment data excludes charges allocated to the principal executive office and other corporate unallocated expenses and income taxes. The Company evaluates the performance of its segments and allocates resources to them based primarily on net sales. The following table presents net sales for each segment:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
Building Supply |  | $ | 36,889,000 |  |  | $ | 30,580,000 |
Disposable Protective Apparel |  |  | 31,748,000 |  |  |  | 72,120,000 |
Consolidated net sales |  | $ | 68,637,000 |  |  | $ | 102,700,000 |
The following table presents the reconciliation of total segment income to total consolidated net income:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
Building Supply |  | $ | 7,350,000 |  |  | $ | 5,396,000 |
Disposable Protective Apparel |  |  | 6,706,000 |  |  |  | 33,501,000 |
Total segment income |  |  | 14,056,000 |  |  |  | 38,897,000 |
Unallocated corporate overhead expenses |  |  | 5,556,000 |  |  |  | 6,649,000 |
Provision for income taxes |  |  | 1,744,000 |  |  |  | 5,360,000 |
Consolidated net income |  | $ | 6,756,000 |  |  | $ | 26,888,000 |
The following table presents net sales and long-lived asset information by geographic area:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |
Net sales by geographic region |  |  |  |  |  |  |  |
United States |  | $ | 65,844,000 |  |  | $ | 90,495,000 |
International |  |  | 2,793,000 |  |  |  | 12,205,000 |
Consolidated net sales |  | $ | 68,637,000 |  |  | $ | 102,700,000 |
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
Long-lived assets by geographic region |  |  |  |  |  |  |  |
United States |  | $ | 4,623,000 |  |  | $ | 2,787,000 |
International |  |  | 1,441,000 |  |  |  | 1,566,000 |
Consolidated total long-lived assets |  | $ | 6,064,000 |  |  | $ | 4,353,000 |
Net sales by geographic region are based on the countries in which our customers are located. For the years ended December 31, 2021, the Company did not generate sales from any single country, except the United States, that were significant to the Company’s consolidated net sales. For the year ended December 31, 2021 the Company generated sales of approximately $8,090,000 from Australia. No other single country other than the United States was significant to the Company’s consolidated net sales. The following table presents the consolidated net property, equipment, goodwill and intangible assets by segment:
|  | As of December 31, |
|  | 2021 |  |  | 2020 |
Building Supply |  | $ | 3,600,000 |  |  | $ | 1,806,000 |
Disposable Protective Apparel |  |  | 1,419,000 |  |  |  | 1,432,000 |
Total segment assets |  |  | 5,019,000 |  |  |  | 3,238,000 |
Unallocated corporate assets |  |  | 1,103,000 |  |  |  | 1,177,000 |
Total consolidated assets |  | $ | 6,122,000 |  |  | $ | 4,415,000 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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