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Operating Segment Information
 12 Months Ended
Dec. 31, 2012
Operating Segment Information [Abstract]  
Operating Segment Information
14. Operating Segment Information

 

The Company has two reportable operating segments: firearms and investment castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States. The investment castings segment manufactures and sells steel investment castings.

 

Corporate segment income relates to interest income on short-term investments, the sale of non-operating assets, and other non-operating activities. Corporate segment assets consist of cash and short-term investments and other non-operating assets.

 

The Company evaluates performance and allocates resources, in part, based on profit and loss before taxes. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies (see Note 1). Intersegment sales are recorded at the Company's cost plus a fixed profit percentage.

 

Year ended December 31,   2012     2011     2010  
Net Sales                        
Firearms   $ 484,933     $ 324,200     $ 251,680  
Castings                        
Unaffiliated     6,891       4,616       3,526  
Intersegment     26,462       18,122       14,677  
      33,353       22,738       18,203  
Eliminations     (26,462 )     (18,122 )     (14,677 )
    $ 491,824     $ 328,816     $ 255,206  
Income (Loss) Before Income Taxes                        
Firearms   $ 113,660     $ 66,484     $ 48,160  
Castings     (1,858 )     (2,254 )     (1,637 )
Corporate     307       (714 )     (2,374 )
    $ 112,109     $ 63,516     $ 44,149  
Identifiable Assets                        
Firearms   $ 120,879     $ 103,545     $ 82,179  
Castings     6,467       5,290       4,683  
Corporate     47,140       97,675       70,899  
    $ 174,486     $ 206,510     $ 157,761  
Depreciation                        
Firearms   $ 13,413     $ 11,373     $ 8,502  
Castings     823       775       705  
    $ 14,236     $ 12,148     $ 9,207  
Capital Expenditures                        
Firearms   $ 26,773     $ 20,719     $ 18,904  
Castings     509       1,416       505  
    $ 27,282     $ 22,135     $ 19,409  

 

In 2012, the Company's largest customers and the percent of total sales they represented were as follows: Davidson's-17%; Jerry's/Ellett Brothers-14%; Lipsey's-13%; and Sports South-12%

 

In 2011, the Company's largest customers and the percent of total sales they represented were as follows: Jerry's/Ellett Brothers-15%; Davidson's-14%; Sports South-12%; and Lipsey's-12%.

 

In 2010, the Company's largest customers and the percent of total sales they represented were as follows: Jerry's/Ellett Brothers-16%; Davidson's-12%; Lipsey's-11%; and Sports South-11%.

 

The Company's assets are located entirely in the United States and domestic sales represent greater than 94% of total sales in 2012, 2011, and 2010.