Company Information

Learn More About XBRL  

Address: 3847 EAST LOOP
820 SOUTH 
City: FT WORTH 
State: TX 
Zip Code: 76119 
Telephone: 817-496-4414 


Description of Business


Primary SIC Code: 3100
(As filed with the SEC)  

We are a retailer and wholesale distributor of a broad line of leather and related products, including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. We also manufacture leather lacing and some of our do-it-yourself kits. During 2010, our consolidated sales totaled $59.9 million of which approximately 14% were export sales. We maintain our principal offices at 1900 Southeast Loop 820, Fort Worth, Texas 76140. Our common stock trades on the NASDAQ Global Market under the symbol "TLF." Our company was founded in 1980 as Midas Leathercraft Tool Company, a Texas corporation. Midas' original business activity focused on the distribution of leathercraft tools. In addition, the founders of Midas entered into a consulting agreement with Brown Group, Inc.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20110.46NA10.00
06/20110.43NA11.93
03/20110.43NA11.56
12/20100.41NA11.51
09/20100.38NA11.71
06/20100.370.75011.19
03/20100.34NA11.53
12/20090.31NA12.61

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2010 Leverage 2010
Net Inc/Comm Equity1.47Total Liab/Total Assets0.27
Net Inc/Total Assets0.10Total Liab/Inv Cap0.32
Net Inc/Inv Cap0.12Total Liab/Comm Equity3.82
Pretax Inc/Net Sales0.11Interest Coverage Ratio25.40
Net Inc/Net Sales0.07Curr Debt/Equity0.01
Cash Flow/Net Sales0.05LTD/Equity0.11
SG&A/NetSales0.49Total Debt/Equity0.12
Asset Utilization   Liquidity  
Net Receivables Turnover39.46Quick Ratio1.24
Inventory Turnover1.27Current Ratio4.17
Inventory Day Sales0.00Net Rec/Curr Assets0.05
Net Sales/Work Cap2.74Inv/Curr Assets0.70
Net Sales/PP&E5.82  

Income Statement (Millions)

  9/30/2011 6/30/2011 3/31/2011 12/31/2010
Total Revenues(Net Sales) 15.39 15.93 15.88 17.31
Cost of Goods Sold 6.15 6.09 6.35 6.94
Selling & Admin Exps 8.02 8.08 7.61 7.80
Operating Income 1.22 1.77 1.91 2.58
Interest Exp 0.06 0.06 0.06 0.07
Pretax Income 1.34 1.66 1.80 2.46
Other Income 0.18 -0.05 -0.05 -0.06
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.83 1.08 1.15 1.56

Balance Sheet (Millions)

Assets 9/30/2011 6/30/2011 3/31/2011 12/31/2010
Cash & Short Term Investments 6.33 5.87 5.22 5.92
Receivables - Total 1.83 1.64 1.74 1.56
Inventories - Total 20.55 20.26 20.21 20.24
Total Current Assets 30.17 29.19 28.84 28.77
Net Property, Plant & Equipment 10.48 10.21 10.21 10.28
Total Assets 42.17 40.91 40.58 40.60
Liabilities        
Accounts Payable 5.27 4.52 5.29 6.70
Debt in Current Liabilities 0.20 0.20 0.20 0.20
Total Current Liabilities 5.47 4.73 5.49 6.90
Long-Term Debt 3.16 3.21 3.26 3.31
Total Liabilities 9.52 8.77 9.54 10.83
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.03 0.03 0.03 0.03
Retained Earnings 29.49 28.66 27.58 26.43
Treasury Stock -2.89 -2.89 -2.89 -2.89
Total Stockholders' Equity 32.65 32.14 31.04 29.76
Total Liabilities and Stockholders' Equity 42.17 40.91 40.58 40.60

Cash Flow Summary (Millions)

Categories 9/30/2011 6/30/2011 3/31/2011 12/31/2010
Net Cash Provided by Operating Activities 1.08 1.02 -0.50 3.49
Net Cash Provided by Investing Activities 0.07 0.32 -0.14 -0.56
Net Cash Provided by Financing Activities -0.05 -0.05 -0.05 -0.48

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/200655.204.780.64
12/200755.323.090.28
12/200853.242.600.24
12/200954.483.320.31
12/201059.894.160.41
Growth Rates2.06-3.40-10.54

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional12/31/11215,73356.46




Report Date : 1/30/2012

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