| Segment Information |
NOTE 12 - SEGMENT INFORMATION
Our business segments consist of factory-built housing and
financial services. Our chief decision making officer considers
income from operations as the basis to measure segment
profitability. The following table summarizes net sales, income
from operations, and identifiable assets by segment for the three
and nine month periods ended September 27, 2014 and
September 28, 2013.
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For The Three
Months Ended |
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For The Nine
Months Ended |
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September 27, |
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September 28, |
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September 27, |
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September 28, |
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2014 |
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2013 |
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2014 |
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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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$ |
8,387,621 |
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$ |
7,114,025 |
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$ |
21,278,948 |
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$ |
19,422,391 |
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Financial services
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85,928 |
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171,447 |
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310,904 |
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541,109 |
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Total revenues
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$ |
8,473,549 |
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$ |
7,285,472 |
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$ |
21,589,852 |
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$ |
19,963,500 |
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Income (loss) from operations
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Factory-built housing
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$ |
585,394 |
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$ |
362,244 |
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$ |
678,464 |
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$ |
709,588 |
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Financial services
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60,398 |
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130,231 |
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209,196 |
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358,900 |
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General corporate expenses
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(135,609 |
) |
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(109,155 |
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(414,495 |
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(445,796 |
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Total income (loss) from operations
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$ |
510,183 |
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$ |
383,320 |
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$ |
473,165 |
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$ |
622,692 |
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Identifiable assets by segment
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Factory-built housing
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$ |
11,277,122 |
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$ |
9,904,826 |
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Financial Services
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4,219,383 |
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6,675,761 |
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Other
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158,813 |
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83,490 |
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$ |
15,655,318 |
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$ |
16,664,077 |
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