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Operating Segment Information
 12 Months Ended
Dec. 31, 2013
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, revolvers, and shotguns 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,   2013     2012     2011  
Net Sales                        
Firearms   $ 678,552     $ 484,933     $ 324,200  
Castings                        
Unaffiliated     9,724       6,891       4,616  
Intersegment     32,794       26,462       18,122  
      42,518       33,353       22,738  
Eliminations     (32,794 )     (26,462 )     (18,122 )
    $ 688,276     $ 491,824     $ 328,816  
Income (Loss) Before Income Taxes                        
Firearms   $ 177,736     $ 113,660     $ 66,484  
Castings     (3,866 )     (1,858 )     (2,254 )
Corporate     1,362       307       (714 )
    $ 175,232     $ 112,109     $ 63,516  
Identifiable Assets                        
Firearms   $ 201,660     $ 120,879     $ 103,545  
Castings     11,402       6,467       5,290  
Corporate     64,056       47,140       97,675  
    $ 277,118     $ 174,486     $ 206,510  
Depreciation                        
Firearms   $ 18,679     $ 13,413     $ 11,373  
Castings     897       823       775  
    $ 19,576     $ 14,236     $ 12,148  
Capital Expenditures                        
Firearms   $ 51,536     $ 26,773     $ 20,719  
Castings     3,080       509       1,416  
    $ 54,616     $ 27,282     $ 22,135  

 

In 2013, the Company's largest customers and the percent of total sales they represented were as follows: Davidson's-16%; Jerry's/Ellett Brothers-14%; Lipsey's-14%; and Sports South-11%.

 

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%.

 

The Company's assets are located entirely in the United States and domestic sales represented greater than 94% of total sales in 2013, 2012, and 2011.