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Segment Reporting

3 Months Ended

Mar. 31, 2013

Notes

Segment Reporting

6.  Segment Information—The Company operates in two business segments as determined by its products.  The fastener segment includes rivets, cold-formed fasteners 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 March 31, 2013:
Net sales	$   8,302,744	$   822,992	0	$   9,125,736
Depreciation	232,479	14,050	19,052	265,581
Segment profit	996,164	212,416	0	1,208,580
Selling and administrative expenses	0	0	(546,533)	(546,533)
Interest income	0	0	8,485	8,485
Income before income taxes				$ 670,532
Capital expenditures	48,979	29,547	4,064	82,590
Segment assets:
Accounts receivable, net	5,481,700	381,316	0	5,863,016
Inventories, net	4,485,868	798,624	0	5,284,492
Property, plant and equipment, net	6,179,780	1,121,815	593,280	7,894,875
Other assets	0	0	7,886,325	7,886,325
				$ 26,928,708
Three Months Ended March 31, 2012:
Net sales	$  8,334,120	$   866,198	0	$   9,200,318
Depreciation	211,914	14,125	17,957	243,996
Segment profit	1,050,436	201,332	0	1,251,768
Selling and administrative expenses	0	0	(560,886)	(560,886)
Gain from the disposal of equipment	0	0	30,000	30,000
Interest income	0	0	8,852	8,852
Income before income taxes				$ 729,734
Capital expenditures	136,765	0	0	136,765
Segment assets:
Accounts receivable, net	5,806,019	404,173	0	6,210,192
Inventories, net	4,306,404	759,042	0	5,065,446
Property, plant and equipment, net	6,078,245	1,083,189	626,860	7,788,294
Other assets	0	0	6,740,367	6,740,367
				$ 25,804,299

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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.

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