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Note 14 - Segment Information
 12 Months Ended
Dec. 31, 2011
Notes To Financial Statements  
Segment Reporting Disclosure [Text Block]
14.  SEGMENT INFORMATION

We identify our segments based on the activities of three distinct operations:

a.  
Wholesale Leathercraft, which consists of a chain of wholesale stores operating under the name, The Leather Factory, located in North America;

b.  
Retail Leathercraft, which consists of a chain of retail stores operating under the name, Tandy Leather Company, located in North America;

c.  
International Leathercraft, which sells to both wholesale and retail customers.  We have one store located in Northampton, United Kingdom which opened in February 2008 and one store located in Sydney, Australia which opened in October 2011.  These stores carry the same products as our North American stores.  In January 2012, we opened a third store, located in Spain.
 
Our reportable operating segments have been determined as separately identifiable business units and we measure segment earnings as operating earnings, defined as income before interest and income taxes.

   
Wholesale
Leathercraft
   
Retail
Leathercraft
   
International
Leathercraft
   
Discontinued
Operations
   
Total
 
For the year ended December 31, 2011
                               
Net Sales
  $ 26,540,899     $ 37,435,832     $ 2,126,216             $ 66,102,947  
Gross Profit
    16,268,075       22,645,847       1,423,237               40,337,159  
Operating earnings
    2,803,034       4,656,067       247,549               7,706,650  
Interest expense
    248,576       -       -               248,576  
Other, net
    (79,149 )     -       (4,279 )             (83,428 )
Income before income taxes
    2,642,586       4,647,089       251,827               7,541,502  
     Depreciation and amortization
    841,058       158,804       16,699               1,016,561  
     Fixed asset additions
    535,713       350,570       214,240               1,100,523  
     Total assets
  $ 35,966,965     $ 7,185,016     $ 2,350,934             $ 45,502,915  
                                         
For the year ended December 31, 2010
                                       
Net Sales
  $ 25,908,177     $ 32,291,442     $ 1,693,251             $ 59,892,870  
Gross Profit
    15,731,593       19,439,045       1,080,219               36,250,857  
Operating earnings
    2,690,061       3,614,856       330,694               6,635,611  
Interest expense
    265,405       -       -               265,405  
Other, net
    (125,700 )     8,756       11,404               (105,540 )
Income before income taxes
    2,550,356       3,606,100       319,290               6,475,746  
     Depreciation and amortization
    826,515       132,217       13,677               972,409  
     Fixed asset additions
    1,372,040       179,703       1,596               1,553,339  
     Total assets
  $ 33,595,847     $ 6,230,213     $ 769,514             $ 40,595,574  
                                         
For the year ended December 31, 2009
                                       
Net Sales
  $ 25,095,392     $ 28,079,863     $ 1,307,484             $ 54,482,739  
Gross Profit
    14,678,410       17,099,499       831,465               32,609,374  
Operating earnings
    2,017,915       2,900,701       176,485               5,095,101  
Interest expense
    297,864       -       -               297,864  
Other, net
    45,342       (4,614 )     123,437               (164,165 )
Income before income taxes
    1,765,393       2,896,087       299,922               4,961,402  
     Depreciation and amortization
    994,759       116,439       13,811               1,125,009  
     Fixed asset additions
    653,792       137,386       387               791,565  
     Total assets
  $ 37,216,532     $ 5,607,481     $ 496,639     $ 
6,579
    $ 43,327,231  


Net sales by geographic areas were as follows:

   
2011
   
2010
   
2009
 
United States
  $ 56,337,737     $ 51,561,070     $ 47,433,609  
Canada
    6,714,100       5,862,857       4,686,330  
All other countries
    3,051,110       2,468,943       2,362,800  
    $ 66,102,947     $ 59,892,870     $ 54,482,739  

Geographic sales information is based on the location of the customer.  Except for Canada, we had no sales to any single foreign country that was material to our consolidated net sales for the years ended December 31, 2011, 2010 and 2009.  We do not have any significant long-lived assets outside of the United States.