| Segment Information |
NOTE 12 - SEGMENT INFORMATION
Our business segments consist of factory-built housing and
financial services. Our chief decision making officer considers
income (loss) from operations as the basis to measure segment
profitability. The following table summarizes net sales, income
(loss) from operations, and identifiable assets by segment for the
three and six month periods ended June 28, 2014 and
June 29, 2013.
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For The Three
Months Ended |
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For The Six Months Ended
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June 28, 2014 |
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June 29, 2013 |
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June 28, 2014 |
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June 29, 2013 |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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Revenues from external customers
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Factory-built housing
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$ |
7,819,601 |
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$ |
7,015,550 |
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$ |
12,891,327 |
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$ |
12,308,366 |
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Financial services
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99,631 |
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207,927 |
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224,976 |
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369,662 |
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Total revenues
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$ |
7,919,232 |
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$ |
7,223,477 |
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$ |
13,116,303 |
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$ |
12,678,028 |
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Income (loss) from operations
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Factory-built housing
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$ |
474,443 |
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$ |
355,928 |
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$ |
93,069 |
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$ |
347,344 |
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Financial services
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117,044 |
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185,494 |
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148,798 |
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228,669 |
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General corporate expenses
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(97,136 |
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(114,725 |
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(278,886 |
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(336,641 |
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Total income (loss) from operations
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$ |
494,351 |
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$ |
426,697 |
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$ |
(37,019 |
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$ |
239,372 |
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Identifiable assets by segment
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Factory-built housing
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$ |
9,885,040 |
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$ |
9,379,680 |
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Financial Services
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4,351,414 |
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8,266,399 |
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Other
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108,988 |
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82,431 |
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$ |
14,345,442 |
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$ |
17,728,510 |
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