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v3.3.1.900

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Segment Reporting Information [Line Items] |  |  |
Total net sales | $ 551,094 | $ 544,474 | $ 688,276
Cost of products sold | 378,934 | 375,300 | 429,671
Gross profit | 172,160 | 169,174 | 258,605
Operating Expenses: |  |  |
Selling | 49,864 | 44,550 | 48,706
General and administrative | $ 27,864 | 28,899 | $ 35,394
Defined benefit pension plans settlement charge |  | 40,999 |
Other operating income, net | $ (113) | (1,612) | $ (401)
Total operating expenses | 77,615 | 112,836 | 83,699
Operating income | 94,545 | 56,338 | 174,906
Other income: |  |  |
Royalty income | 1,084 | 468 | 658
Interest income | 5 | 2 | 4
Interest expense | (156) | (152) | (135)
Other income (expense), net | 622 | 584 | (201)
Total other income, net | 1,555 | 902 | 326
Income before income taxes | 96,100 | 57,240 | 175,232
Income taxes | 33,974 | 18,612 | 63,960
Net income | $ 62,126 | $ 38,628 | 111,272
Other comprehensive income (loss), net of tax: |  |  |
Defined benefit pension plans |  |  | 10,240
Comprehensive income | $ 62,126 | $ 38,628 | $ 121,512
Basic earnings per share | $ 3.32 | $ 1.99 | $ 5.76
Fully diluted earnings per share | 3.21 | 1.95 | 5.58
Cash dividends per share | $ 1.10 | $ 1.62 | $ 2.12
Net firearms sales [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Total net sales | $ 544,850 | $ 542,267 | $ 678,552
Other income: |  |  |
Income before income taxes | 98,565 | 57,525 | 177,736
Net castings sales [Member] |  |  |
Segment Reporting Information [Line Items] |  |  |
Total net sales | 6,244 | 2,207 | 9,724
Other income: |  |  |
Income before income taxes | $ (3,407) | $ (1,294) | $ (3,866)

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