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Note 8 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Wholesale Leathercraft				Retail Leathercraft				Int’l Leathercraft				Total
For the quarter ended June 30, 2012
Net sales		$	6,282,990			$	9,863,139			$	758,125			$	16,904,254
Gross profit			4,273,989				6,145,188				521,024				10,940,201
Operating earnings			1,103,311				1,309,503				51,958				2,464,772
Interest (expense)			(58,235	)			-				-				(58,235	)
Other income (expense), net			12,299				-				30,458				42,757
Income before income taxes			1,057,375				1,309,503				82,416				2,449,294

Depreciation and amortization			203,927				46,465				14,125				264,517
Fixed asset additions			102,598				141,537				19,635				263,770
Total assets		$	36,240,356			$	9,358,545			$	2,811,382			$	48,410,283

For the quarter ended June 30, 2011
Net sales		$	6,471,072			$	8,934,306			$	528,543			$	15,933,921
Gross profit			4,106,707				5,383,078				355,469				9,845,254
Operating earnings			608,385				1,038,301				122,629				1,769,315
Interest (expense)			(62,132	)			-				-				(62,132	)
Other income (expense), net			(45,436	)			-				(331	)			(45,767	)
Income before income taxes			500,817				1,038,301				122,298				1,661,416

Depreciation and amortization			211,290				38,436				2,621				252,347
Fixed asset additions			173,914				154,385				-				328,299
Total assets		$	33,191,853			$	6,577,192			$	1,145,764			$	40,914,809

		Wholesale Leathercraft				Retail Leathercraft				Int’l Leathercraft				Total
For the six months ended June 30, 2012
Net sales		$	13,435,407			$	20,145,953			$	1,499,972			$	35,081,332
Gross profit			8,803,672				12,517,333				984,829				22,305,834
Operating earnings			2,336,163				2,668,228				14,556				5,018,947
Interest (expense)			(116,627	)			-				-				(116,627	)
Other income (expense), net			28,347				13				34,211				62,571
Income before income taxes			2,247,883				2,668,241				48,767				4,964,891

Depreciation and amortization			407,617				89,916				26,520				524,053
Fixed asset additions			134,224				196,291				73,096				403,611
Total assets		$	36,240,356			$	9,358,545			$	2,811,382			$	48,410,283

For the six months ended June 30, 2011
Net sales		$	13,191,781			$	17,583,458			$	1,037,722			$	31,812,961
Gross profit			8,048,277				10,651,126				670,699				19,370,102
Operating earnings			1,418,439				2,040,602				222,762				3,681,803
Interest expense			(124,135	)			-				-				(124,135	)
Other income (expense), net			(111,782	)			-				17,183				(94,599	)
Income before income taxes			1,182,522				2,040,602				239,945				3,463,069

Depreciation and amortization			419,478				72,761				5,112				497,351
Fixed asset additions			281,328				214,657				1,500				497,485
Total assets		$	33,191,853			$	6,577,192			$	1,145,764			$	40,914,809

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Three months ended June 30,		2012				2011
United States		$	14,112,191			$	13,459,312
Canada			1,732,982				1,685,746
All other countries			1,059,081				788,863
		$	16,904,254			$	15,933,921

Six months ended June 30,		2012				2011
United States		$	29,639,646			$	26,978,244
Canada			3,452,822				3,271,270
All other countries			1,988,864				1,563,447
		$	35,081,332			$	31,812,961

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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