| 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 ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.46 | NA | 10.00 | | 06/2011 | 0.43 | NA | 11.93 | | 03/2011 | 0.43 | NA | 11.56 | | 12/2010 | 0.41 | NA | 11.51 | | 09/2010 | 0.38 | NA | 11.71 | | 06/2010 | 0.37 | 0.750 | 11.19 | | 03/2010 | 0.34 | NA | 11.53 | | 12/2009 | 0.31 | NA | 12.61 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 1.47 | Total Liab/Total Assets | 0.27 | | Net Inc/Total Assets | 0.10 | Total Liab/Inv Cap | 0.32 | | Net Inc/Inv Cap | 0.12 | Total Liab/Comm Equity | 3.82 | | Pretax Inc/Net Sales | 0.11 | Interest Coverage Ratio | 25.40 | | Net Inc/Net Sales | 0.07 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.05 | LTD/Equity | 0.11 | | SG&A/NetSales | 0.49 | Total Debt/Equity | 0.12 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 39.46 | Quick Ratio | 1.24 | | Inventory Turnover | 1.27 | Current Ratio | 4.17 | | Inventory Day Sales | 0.00 | Net Rec/Curr Assets | 0.05 | | Net Sales/Work Cap | 2.74 | Inv/Curr Assets | 0.70 | | Net Sales/PP&E | 5.82 | | |
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
|
|
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 |
| 12/2006 | 55.20 | 4.78 | 0.64 | | 12/2007 | 55.32 | 3.09 | 0.28 | | 12/2008 | 53.24 | 2.60 | 0.24 | | 12/2009 | 54.48 | 3.32 | 0.31 | | 12/2010 | 59.89 | 4.16 | 0.41 | | Growth Rates | 2.06 | -3.40 | -10.54 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 21 | 5,733 | 56.46 |
|
Report Date :
1/30/2012
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