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Operating Segment Information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [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,  2016   2015   2014 
Net Sales               
    Firearms  $658,433   $544,850   $542,267 
    Castings               
        Unaffiliated   5,895    6,244    2,207 
        Intersegment   36,779    31,585    34,095 
    42,674    37,829    36,302 
    Eliminations   (36,779)   (31,585)   (34,095)
   $664,328   $551,094   $544,474 
Income (Loss) Before Income Taxes               
    Firearms  $136,390   $98,565   $57,525 
    Castings   (1,237)   (3,407)   (1,294)
    Corporate   768    942    1,009 
   $135,921   $96,100   $57,240 
Identifiable Assets               
    Firearms  $242,758   $221,670   $211,338 
    Castings   16,096    15,289    16,772 
    Corporate   96,550    78,924    26,272 
   $355,404   $315,883   $254,382 
Depreciation               
    Firearms  $32,010   $32,409   $33,594 
    Castings   2,688    3,029    2,321 
   $34,698   $35,438   $35,915 
Capital Expenditures               
    Firearms  $33,455   $26,246   $39,511 
    Castings   1,760    2,459    6,060 
   $35,215   $28,705   $45,571 

 

In 2016, the Company’s largest customers and the percent of total sales they represented were as follows: Davidson’s-19%; Lipsey’s-17%; Jerry’s/Ellett Brothers-15%; and Sports South-14%.

 

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%.

 

The Company’s assets are located entirely in the United States and domestic sales represented at least 96% of total sales in 2016, 2015, and 2014.