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Segment Reporting

9 Months Ended

Sep. 30, 2012

Notes

Segment Reporting

6.  Segment Information—The Company operates in two business segments as determined by its products.  The fastener segment includes cold-formed parts, rivets and screw machine products.  The assembly equipment segment includes automatic rivet setting machines and parts and tools for such machines.  Information by segment is as follows:

	Fastener	Assembly Equipment	Other	Consolidated
Three Months Ended September 30, 2012:
Net Sales	$   7,841,672	$   695,967	0	$   8,537,639
Depreciation	216,732	14,725	19,907	251,364
Segment profit	1,024,865	144,816	0	1,169,681
Selling and administrative expenses	0	0	(504,524)	(504,524)
Interest income	0	0	8,185	8,185
Income before income taxes				$ 673,342
Capital expenditures	66,626	0	0	66,626
Segment assets:
Accounts receivable, net	5,061,072	392,121	0	5,453,193
Inventories, net	4,392,211	822,550	0	5,214,761
Property, plant and equipment, net	5,981,212	1,122,542	628,153	7,731,907
Other assets	0	0	8,150,878	8,150,878
				$ 26,550,739
Three Months Ended September 30, 2011:
Net sales	$  6,913,898	$   907,708	0	$   7,821,606
Depreciation	208,054	15,352	18,420	241,826
Segment profit	715,701	257,288	0	972,989
Selling and administrative expenses	0	0	(511,943)	(511,943)
Gain from the disposal of property and equipment	0	0	800	800
Interest income	0	0	9,794	9,794
Income before income taxes				$ 471,640
Capital expenditures	273,484	0	0	273,484
Segment assets:
Accounts receivable, net	4,943,928	391,877	0	5,335,805
Inventories, net	4,008,132	820,805	0	4,828,937
Property, plant and equipment, net	5,760,757	1,112,653	662,528	7,535,938
Other assets	0	0	7,499,124	7,499,124
				$ 25,199,804
	Fastener	Assembly Equipment	Other	Consolidated
Nine Months Ended September 30, 2012:
Net sales	$ 23,781,773	$  2,385,385	0	$ 26,167,158
Depreciation	644,853	42,975	55,822	743,650
Segment profit	2,957,672	577,581	0	3,535,253
Selling and administrative expenses	0	0	(1,559,115)	(1,559,115)
Gain from the disposal of property and equipment	0	0	57,500	57,500
Interest income	0	0	24,870	24,870
Income before income taxes				$ 2,058,508
Capital expenditures	472,672	68,203	39,157	580,032
Nine Months Ended September 30, 2011:
Net sales	$ 21,330,559	$ 2,439,519	0	$ 23,770,078
Depreciation	621,002	47,106	55,260	723,368
Segment profit	2,233,530	570,065	0	2,803,595
Selling and administrative expenses	0	0	(1,505,087)	(1,505,087)
Gain from the disposal of property and equipment	0	0	189,863	189,863
Interest income	0	0	32,812	32,812
Income before income taxes				$ 1,521,183
Capital expenditures	904,761	61,265	37,729	1,003,755

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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.

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