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Note 7 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Notes Tables

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

		Wholesale Leathercraft				Retail Leathercraft				Int’l Leathercraft				Total
For the quarter ended September 30, 201 5
Net sales		$	6,114,793			$	12,328,599			$	912,545			$	19,355,937
Gross profit			4,180,181				7,118,111				534,405				11,832,697
Operating earnings			682,461				1,122,222				55,068				1,859,751
Interest (expense)			(228,235	)			-				-				(228,235	)
Other income (expense), net			9,408				-				28,912				38,320
Income before income taxes			463,634				1,122,222				83,980				1,669,836

Depreciation and amortization			200,147				141,582				11,931				353,660
Fixed asset additions			122,549				124,502				3,816				250,867
Total assets		$	40,209,669			$	18,113,696			$	4,277,115			$	62,600,480

For the quarter ended September 30, 201 4
Net sales		$	6,294,745			$	12,068,832			$	1,053,657			$	19,417,234
Gross profit			4,283,949				7,167,486				723,274				12,174,709
Operating earnings			1,000,329				1,270,884				185,714				2,456,927
Interest expense			(63,684	)			-				-				(63,684	)
Other income (expense), net			19,556				-				17,969				37,525
Income before income taxes			956,201				1,270,884				203,683				2,430,768

Depreciation and amortization			241,264				114,516				17,058				372,838
Fixed asset additions			489,660				279,829				893				770,382
Total assets		$	44,943,519			$	16,439,542			$	2,578,444			$	63,961,505

		Wholesale Leathercraft				Retail Leathercraft				Int’l Leathercraft				Total
For the nine months ended September 30, 201 5
Net sales		$	19,234,375			$	37,970,423			$	2,713,431			$	59,918,229
Gross profit			13,076,723				22,512,736				1,640,547				37,230,006
Operating earnings			2,602,868				3,862,343				117,263				6,582,474
Interest (expense)			(307,160	)			-				-				(307,160	)
Other income (expense), net			46,570				-				21,500				68,070
Income before income taxes			2,342,278				3,862,343				138,763				6,343,384

Depreciation and amortization			714,401				412,179				36,536				1,163,116
Fixed asset additions			706,995				608,817				23,286				1,339,098
Total assets		$	40,209,669			$	18,113,696			$	4,277,115			$	62,600,480

For the nine months ended September 30, 201 4
Net sales		$	19,576,180			$	36,226,810			$	3,156,317			$	58,959,307
Gross profit			13,588,209				21,973,975				2,107,854				37,670,038
Operating earnings			3,479,908				4,171,500				428,459				8,079,867
Interest expense			(154,367	)			-				-				(154,367	)
Other income (expense), net			44,730				-				(527	)			44,203
Income before income taxes			3,370,271				4,171,500				427,932				7,969,703

Depreciation and amortization			705,902				332,276				50,580				1,088,758
Fixed asset additions			886,719				781,795				50,951				1,719,465
Total assets		$	44,943,519			$	16,439,542			$	2,578,444			$	63,961,505

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

Three months ended September 30,		20 15				20 14
United States		$	16,558,873			$	16,219,193
Canada			1,693,958				1,908,966
All other countries			1,103,106				1,289,075
		$	19,355,937			$	19,417,234

Nine months ended September 30,		20 15				20 14
United States		$	51,144,236			$	49,298,035
Canada			5,432,724				5,835,776
All other countries			3,341,269				3,825,496
		$	59,918,229			$	58,959,307