| 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 27, 2015 and
June 28, 2014.
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For The Three
Months Ended |
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For The Six
Months Ended |
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June 27,
2015 |
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June 28,
2014 |
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June 27,
2015 |
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June 28,
2014 |
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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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$ |
9,432,483 |
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$ |
7,819,601 |
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$ |
15,665,389 |
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$ |
12,891,327 |
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Financial services
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84,438 |
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99,631 |
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164,910 |
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224,976 |
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Total revenues
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$ |
9,516,921 |
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$ |
7,919,232 |
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$ |
15,830,299 |
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$ |
13,116,303 |
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Income from operations
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Factory-built housing
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$ |
910,323 |
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$ |
474,443 |
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$ |
902,661 |
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$ |
93,069 |
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Financial services
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51,197 |
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117,044 |
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103,512 |
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148,798 |
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General corporate expenses
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(86,246 |
) |
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(97,136 |
) |
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(149,912 |
) |
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(278,886 |
) |
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Total income (loss) from operations
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$ |
875,274 |
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$ |
494,351 |
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$ |
856,261 |
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$ |
(37,019 |
) |
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Identifiable assets by segment
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Factory-built housing
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$ |
11,259,061 |
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$ |
9,885,040 |
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Financial Services
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4,385,868 |
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4,351,414 |
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Other
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197,999 |
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108,988 |
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$ |
15,842,928 |
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$ |
14,345,442 |
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