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Segment Reporting

6 Months Ended

Jun. 30, 2015

Notes

Segment Reporting

7.  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 June 30, 2015:
Net sales	$           8,276,263	$             929,911	0	$          9,206,174
Depreciation	275,612	20,097	19,121	314,830
Segment operating profit	1,129,353	293,002	0	1,422,355
Selling and administrative expenses	0	0	(579,611)	(579,611)
Interest income	0	0	6,217	6,217
Income before income taxes				$              848,961
Capital expenditures	108,726	344,367	20,078	473,171
Segment assets:
Accounts receivable, net	5,546,859	359,787	0	5,906,646
Inventories, net	4,148,131	862,398	0	5,010,529
Property, plant and equipment, net	9,175,077	1,471,665	486,914	11,133,656
Other assets	0	0	7,829,216	7,829,216
				$         29,880,047
Three Months Ended June 30, 2014:
Net sales	$          8,764,594	$             736,084	0	$           9,500,678
Depreciation	279,156	16,066	18,188	313,410
Segment operating profit	1,218,161	170,358	0	1,388,519
Selling and administrative expenses	0	0	(523,810)	(523,810)
Interest income	0	0	6,345	6,345
Income before income taxes				$              871,054
Capital expenditures	218,717	21,540	9,212	249,469
Segment assets:
Accounts receivable, net	5,856,458	337,641	0	6,194,099
Inventories, net	4,427,259	786,966	0	5,214,225
Property, plant and equipment, net	8,946,522	1,126,541	517,408	10,590,471
Other assets	0	0	7,187,722	7,187,722
				$         29,186,517
Six Months Ended June 30, 2015:
Net sales	$        16,676,760	$          1,813,205	0	$        18,489,965
Depreciation	549,364	40,194	37,917	627,475
Segment operating profit	2,147,400	537,591	0	2,684,991
Selling and administrative expenses	0	0	(1,170,607)	(1,170,607)
Interest income	0	0	13,050	13,050
Income before income taxes				$           1,527,434
Capital expenditures	459,543	399,142	28,170	886,855
Six Months Ended June 30, 2014:
Net sales	$         17,852,329	$          1,598,773	0	$         19,451,102
Depreciation	550,354	32,132	36,250	618,736
Segment operating profit	2,397,152	401,397	0	2,798,549
Selling and administrative expenses	0	0	(1,081,984)	(1,081,984)
Interest income	0	0	12,862	12,862
Income before income taxes				$           1,729,427
Capital expenditures	769,335	21,540	9,212	800,087

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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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