XML 59 R20.htm IDEA: XBRL DOCUMENT

6-Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

6-Schedule of Segment Reporting Information

6—Segment Information—The Company operates, primarily in the United States, in two business segments as determined by its products. The fastener segment, which comprises H & L Tool and the parent company’s fastener operations, includes rivets, cold-formed fasteners and parts 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
Year Ended December 31, 2012:
Net Sales………………………………………	$ 30,999,163	$ 3,224,609	$ - -	$ 34,223,772

Depreciation……………………………………...	859,045	59,199	75,707	993,951

Segment profit……………………………………	3,775,045	773,902	- -	4,548,947
Selling and administrative expenses…………..			(2,084,305)	(2,084,305)
Other income……………………………………..			118,099	118,099
Income before income taxes……………………				2,582,741

Capital expenditures…………………………….	1,018,734	68,203	100,809	1,187,746


Segment assets:
Accounts receivable, net……………………...	4,275,890	302,042	- -	4,577,932
Inventories, net………………………………...	4,175,702	760,670	- -	4,936,372
Property, plant and equipment, net………….	6,363,280	1,106,318	608,268	8,077,866
Other assets……………………………………	- -	- -	8,319,333	8,319,333
				25,911,503

Year Ended December 31, 2011:
Net sales………………………………………….	$ 27,832,279	$ 3,082,843	$ - -	$ 30,915,122

Depreciation……………………………………...	836,062	62,463	72,971	971,496

Segment profit……………………………………	2,997,799	624,234	- -	3,622,033
Selling and administrative expenses…………..			(2,005,960)	(2,005,960)
Other income……………………………………..			249,804	249,804
Income before income taxes……………………				1,865,877

Capital expenditures…………………………….	1,510,036	61,283	40,470	1,611,789

Segment assets:
Accounts receivable, net……………………	4,143,186	255,240	- -	4,398,426
Inventories, net………………………………...	4,401,178	810,862	- -	5,212,040
Property, plant and equipment, net………….	6,153,394	1,097,314	644,817	7,895,525
Other assets……………………………………	- -	- -	7,352,273	7,352,273
				24,858,264

- 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