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Note 14 - Segment Information | 12 Months Ended
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Dec. 31, 2012
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, one store located in Sydney, Australia which opened in October 2011, and one store located in Jerez, Spain which opened in January 2012. These stores carry the same products as our North American stores.
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 |  |  | Total |
For the year ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 26,850,002 |  |  | $ | 42,616,546 |  |  | $ | 3,254,076 |  |  | $ | 72,720,624 |
Gross Profit |  |  | 18,063,191 |  |  |  | 25,833,852 |  |  |  | 2,008,631 |  |  |  | 45,905,674 |
Operating earnings |  |  | 3,730,678 |  |  |  | 5,436,745 |  |  |  | (23,418 | ) |  |  | 9,144,005 |
Interest expense |  |  | 240,934 |  |  |  | - |  |  |  | - |  |  |  | 240,934 |
Other, net |  |  | (14,498 | ) |  |  | (13 | ) |  |  | (27,763 | ) |  |  | (42,574 | )
Income before income taxes |  |  | 3,504,542 |  |  |  | 5,436,758 |  |  |  | 4,345 |  |  |  | 8,945,645 |
Depreciation and amortization |  |  | 820,622 |  |  |  | 193,394 |  |  |  | 54,210 |  |  |  | 1,068,226 |
Fixed asset additions |  |  | 2,111,569 |  |  |  | 496,846 |  |  |  | 77,806 |  |  |  | 2,686,221 |
Total assets |  | $ | 36,535,099 |  |  | $ | 10,037,416 |  |  | $ | 2,515,157 |  |  | $ | 49,087,672 |
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 |
Net sales by geographic areas were as follows:
|  | 2012 |  |  | 2011 |  |  | 2010 |
United States |  | $ | 61,041,650 |  |  | $ | 56,337,737 |  |  | $ | 51,561,070 |
Canada |  |  | 7,496,840 |  |  |  | 6,714,100 |  |  |  | 5,862,857 |
All other countries |  |  | 4,182,134 |  |  |  | 3,051,110 |  |  |  | 2,468,943 |
|  | $ | 72,720,624 |  |  | $ | 66,102,947 |  |  | $ | 59,892,870 |
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, 2012, 2011 and 2010. We do not have any significant long-lived assets outside of the United States.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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