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Note 8 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

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

		Wholesale Leathercraft				Retail Leathercraft				Int’l Leathercraft				Total
For the quarter ended September 30, 2012
Net sales		$	6,242,602			$	9,947,911			$	810,215			$	17,000,728
Gross profit			4,111,067				5,848,397				445,306				10,404,770
Operating earnings			(297,897	)			987,704				(44,951	)			644,856
Interest (expense)			(59,623	)			-				-				(59,623	)
Other income (expense), net			15,926				-				(18,713	)			(2,787	)
Income before income taxes			(341,594	)			987,704				(63,664	)			582,446

Depreciation and amortization			205,991				50,650				13,428				270,069
Fixed asset additions			779,676				107,234				3,529				908,210
Total assets		$	35,690,494			$	10,719,659			$	2,242,963			$	48,653,116

For the quarter ended September 30, 2011
Net sales		$	6,150,138			$	8,744,446			$	490,837			$	15,385,421
Gross profit			3,733,345				5,178,788				326,145				9,238,278
Operating earnings			296,824				811,347				113,666				1,221,837
Interest (expense)			(61,550	)			-				-				(61,550	)
Other income (expense), net			175,715				(1,577	)			2,236				176,374
Income before income taxes			410,989				809,770				115,902				1,336,661

Depreciation and amortization			216,958				42,836				2,134				261,928
Fixed asset additions			239,477				114,200				191,613				545,290
Total assets		$	32,903,869			$	7,225,267			$	2,043,348			$	42,172,484

		Wholesale Leathercraft				Retail Leathercraft				Int’l Leathercraft				Total
For the nine months ended September 30, 2012
Net sales		$	19,678,009			$	30,093,864			$	2,310,188			$	52,082,061
Gross profit			12,914,740				18,365,729				1,430,136				32,710,605
Operating earnings			2,038,267				3,655,932				(30,395	)			5,663,804
Interest (expense)			(176,251	)			-				-				(176,251	)
Other income (expense), net			44,275				13				15,498				59,786
Income before income taxes			1,906,291				3,655,945				(14,897	)			5,547,339

Depreciation and amortization			613,608				140,566				39,948				794,122
Fixed asset additions			913,900				303,525				76,625				1,294,050
Total assets		$	35,690,494			$	10,719,659			$	2,242,963			$	48,653,116

For the nine months ended September 30, 2011
Net sales		$	19,341,919			$	26,327,904			$	1,528,559			$	47,198,382
Gross profit			11,781,622				15,829,914				996,844				28,608,380
Operating earnings			1,709,226				2,857,986				336,428				4,903,640
Interest expense			(185,685	)			-				-				(185,685	)
Other income (expense), net			69,968				(7,613	)			19,420				81,775
Income before income taxes			1,593,509				2,850,373				355,848				4,799,730

Depreciation and amortization			636,050				115,597				7,632				759,279
Fixed asset additions			520,805				328,857				193,113				1,042,775
Total assets		$	32,903,869			$	7,225,267			$	2,043,348			$	42,172,484

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

Three months ended September 30,		2012				2011
United States		$	14,221,642			$	13,078,107
Canada			1,761,960				1,560,808
All other countries			1,017,126				746,506
		$	17,000,728			$	15,385,421

Nine months ended September 30,		2012				2011
United States		$	43,861,288			$	40,056,351
Canada			5,214,782				4,832,078
All other countries			3,005,991				2,309,953
		$	52,082,061			$	47,198,382

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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