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OPERATING SEGMENT INFORMATION
 6 Months Ended
Jun. 27, 2015
OPERATING SEGMENT INFORMATION [Abstract]  
OPERATING SEGMENT INFORMATION

NOTE 9 - OPERATING SEGMENT INFORMATION

 

The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a select number of independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding parts. 

 

Selected operating segment financial information follows:

 

(in thousands)

   Three Months Ended    

Six Months Ended

 
   June 27, 
2015		     June 28, 
2014		    

June 27, 
2015

 

  

June 28, 
2014

 

Net Sales

                           

Firearms

   $ 139,224     $ 153,016     $ 274,804   $ 322,179

Castings

                   

Unaffiliated

    1,648       641     3,023   1,363

Intersegment

    8,747        9,452     16,291   18,906
 
10,395       10,093     19,314   20,269

Eliminations

    (8,747 )      (9,452 )    (16,291 )   (18,906 )
  $ 140,872     $ 153,657     $ 277,827   $ 323,542
                   

Income (Loss) Before Income Taxes

                   

Firearms

  $ 27,150     $ 33,547     $ 51,354   $ 72,238

Castings

   

 (463

 )      (542 )    (1,009 )   (1,071 )

Corporate

     586       136     1,151   272
  $ 27,273     $ 33,141     $ 51,496   $ 71,439
                   
                 

June 27,
 2015

 

December 31,
2014

Identifiable Assets

                   

Firearms

                  $ 202,955   $ 211,338

Castings

                  16,098   16,772

Corporate

                  72,614   26,272
                  $ 291,667   $ 254,382