v3.25.4
Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Information [Abstract]  
Segment Information

10. Segment Information

The Company aligns its businesses into three reportable business segments based on geographical location. This segment structure reflects (i) the manner in which the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, regularly assesses information for decision-making purposes, including the allocation of resources, and (ii) how the Company operates its businesses, assesses performance, and communicates results and strategy, among other items, to the Board and its stockholders.

The Company’s reportable business segments consist of: (1) United States; (2) Canada; and (3) Europe. As described below, the activities of the Company’s Asian operations are closely linked to those of the U.S. operations; accordingly, the Company’s CODM reviews the financial results of both on a consolidated basis, and the results of the Asian operations have been aggregated with the results of the United States operations to form one reportable segment called the “United States segment” or “U.S. segment”. Each reportable segment derives its revenue from the sales of i) first aid and medical products and ii) cutting and sharpening tools to school, home, office, hardware, sporting and industrial markets.

The Company's CODM evaluates the performance of each operating segment based on segment revenues and operating income. Segment revenues are defined as total revenues, excluding inter-segment revenue. Segment operating earnings are defined as segment revenues, less cost of goods sold and operating expenses. Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable business segment.

The following table sets forth certain financial data by segment for the years ended December 31, 2025 and 2024:

Financial data by segment:

(000’s omitted)

 

 

For the twelve months ended December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

(amounts in 000's)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

Canada

 

 

Europe

 

 

Total

 

Net Sales

 

$

165,143

 

 

$

15,128

 

 

$

16,271

 

 

$

196,542

 

Less: Segment cost of sales

 

 

99,798

 

 

 

9,189

 

 

 

10,144

 

 

 

119,131

 

Less: Segment selling, general, and administrative expenses

 

 

51,983

 

 

 

4,916

 

 

 

5,787

 

 

 

62,686

 

Segment operating income

 

$

13,362

 

 

$

1,023

 

 

$

340

 

 

$

14,725

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(1,683

)

Interest income

 

 

 

 

 

 

 

 

 

 

 

123

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

(47

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

13,118

 

Assets

 

 

147,573

 

 

 

10,520

 

 

 

12,905

 

 

 

170,998

 

Additions to property, plant and equipment

 

 

10,593

 

 

 

30

 

 

 

29

 

 

 

10,652

 

Depreciation and amortization

 

 

6,105

 

 

 

137

 

 

 

105

 

 

 

6,347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the twelve months ended December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

(amounts in 000's)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

Canada

 

 

Europe

 

 

Total

 

Net Sales

 

$

166,152

 

 

$

13,261

 

 

$

15,077

 

 

$

194,490

 

Less: Segment cost of sales

 

 

100,092

 

 

 

8,294

 

 

 

9,753

 

 

 

118,139

 

Less: Segment selling, general, and administrative expenses

 

 

52,815

 

 

 

4,269

 

 

 

5,127

 

 

 

62,211

 

Segment operating income

 

$

13,245

 

 

$

698

 

 

$

197

 

 

$

14,140

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

(2,083

)

Interest income

 

 

 

 

 

 

 

 

 

 

 

141

 

Other (expense), net

 

 

 

 

 

 

 

 

 

 

 

95

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

12,293

 

Assets

 

 

143,538

 

 

 

9,677

 

 

 

8,956

 

 

 

162,171

 

Additions to property, plant and equipment

 

 

6,866

 

 

 

197

 

 

 

85

 

 

 

7,148

 

Depreciation and amortization

 

 

5,663

 

 

 

350

 

 

 

56

 

 

 

6,069

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The table below presents revenue by geographic area. Revenues are attributed to countries based on location of the customer.

(000’s omitted)

 

Revenues

 

2025

 

 

2024

 

United States

 

$

164,071

 

 

$

165,080

 

International:

 

 

 

 

 

 

Canada

 

 

15,128

 

 

 

13,261

 

Europe

 

 

16,271

 

 

 

15,077

 

Other

 

 

1,072

 

 

 

1,072

 

Total International

 

$

32,471

 

 

$

29,410

 

Total Revenues

 

$

196,542

 

 

$

194,490

 

 

The table below presents long-lived assets by geographic area. Long-lived assets are attributed to countries based on location of the asset.

(000’s omitted)

 

Long-lived assets

 

2025

 

 

2024

 

United States

 

$

69,604

 

 

$

62,499

 

International:

 

 

 

 

 

 

Canada

 

 

3,311

 

 

 

3,814

 

Europe

 

 

1,828

 

 

 

266

 

Other

 

 

60

 

 

 

130

 

Total International

 

$

5,199

 

 

$

4,210

 

 

 

 

 

 

 

 

Total Long-lived assets

 

$

74,803

 

 

$

66,709