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Operating Segment Information
 12 Months Ended
Dec. 31, 2015
Operating Segment Information [Abstract]  
Operating Segment Information
  14. Operating Segment Information

 

The Company has two reportable operating segments: firearms and 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 castings segment manufactures and sells steel investment castings and metal injection molding parts.

 

Corporate segment income relates to interest income, the sale of non-operating assets, and other non-operating activities. Corporate segment assets consist of cash 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, 2015     2014     2013  
Net Sales                        
Firearms   $ 544,850     $ 542,267     $ 678,552  
Castings                        
Unaffiliated     6,244       2,207       9,724  
Intersegment     31,585       34,095       32,794  
      37,829       36,302       42,518  
Eliminations     (31,585 )     (34,095 )     (32,794 )
    $ 551,094     $ 544,474     $ 688,276  
Income (Loss) Before Income Taxes                        
Firearms   $ 98,565     $ 57,525     $ 177,736  
Castings     (3,407 )     (1,294 )     (3,866 )
Corporate     942       1,009       1,362  
    $ 96,100     $ 57,240     $ 175,232  
Identifiable Assets                        
Firearms   $ 221,670     $ 211,338     $ 201,660  
Castings     15,289       16,772       11,402  
Corporate     78,924       26,272       64,056  
    $ 315,883     $ 254,382     $ 277,118  
Depreciation                        
Firearms   $ 32,409     $ 33,594     $ 18,679  
Castings     3,029       2,321       897  
    $ 35,438     $ 35,915     $ 19,576  
Capital Expenditures                        
Firearms   $ 26,246     $ 39,511     $ 51,536  
Castings     2,459       6,060       3,080  
    $ 28,705     $ 45,571     $ 54,616  

 

In 2015, the Company's largest customers and the percent of total sales they represented were as follows: Davidson's-18%; Lipsey's-17%; Sports South-13%; and Jerry's/Ellett Brothers-11%.

 

In 2014, the Company's largest customers and the percent of total sales they represented were as follows: Davidson's-19%; Lipsey's-13%; Sports South-13%; and Jerry's/Ellett Brothers-12%.

 

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%.

 

The Company's assets are located entirely in the United States and domestic sales represented at least 96% of total sales in 2015, 2014, and 2013.