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Note 11 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

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

	Wholesale Leathercraft			Retail Leathercraft			International Leathercraft			Total
For the year ended December 31, 2014

Net Sales	$	27,285,884		$	51,805,944		$	4,339,084		$	83,430,912
Gross Profit		18,393,969			30,880,718			2,850,070			52,124,757
Operating earnings		5,300,413			6,077,345			580,271			11,958,029
Interest expense		225,584			-			-			225,584
Other expense, net		(61,984	)		-			(13,181	)		(75,165	)
Income before income taxes		5,136,813			6,077,345			593,452			11,807,610
Depreciation and amortization		911,327			460,534			64,763			1,436,624
Fixed asset additions		909,260			1,243,123			51,807			2,204,190
Total assets	$	43,000,030		$	16,608,386		$	3,265,458		$	62,873,874

For the year ended December 31, 2013
Net Sales	$	27,384,614		$	46,995,902		$	3,904,069		$	78,284,585
Gross Profit		18,425,268			28,430,800			2,471,956			49,328,024
Operating earnings		4,840,416			6,026,731			399,643			11,266,790
Interest expense		206,763			-			-			206,763
Other expense, net		(118,218	)		(29	)		(42,485	)		(160,732	)
Income before income taxes		4,751,871			6,026,760			442,128			11,220,759
Depreciation and amortization		866,264			271,536			56,812			1,194,612
Fixed asset additions		1,946,980			1,778,727			44,315			3,770,022
Total assets	$	40,981,591		$	12,206,584		$	3,210,391		$	56,398,566

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 expense, net		(14,798	)		(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

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

	2014		2013		2012
United States	$	69,791,099	$	65,371,652	$	61,041,650
Canada		6,342,896		8,004,320		7,496,840
All other countries		5,296,917		4,908,613		4,182,134
	$	83,430,912	$	78,284,585	$	72,720,624

- Definition

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.

+ References+ Details