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OPERATING SEGMENT INFORMATION

6 Months Ended

Jul. 01, 2017

Segment Reporting [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
		July 1, 2017				July 2, 2016				July 1, 2017				July 2, 2016
Net Sales
Firearms		$	130,510			$	166,311			$	296,876			$	337,831
Castings
Unaffiliated			1,344				1,633				2,334				3,222
Intersegment			6,281				9,501				15,121				18,450
			7,625				11,134				17,455				21,672
Eliminations			(6,281	)			(9,501	)			(15,121	)			(18,450	)
		$	131,854			$	167,944			$	299,210			$	341,053
Income (Loss) Before Income Taxes
Firearms		$	15,466			$	37,375			$	49,497			$	74,049
Castings			54				(721	)			155				(1,093	)
Corporate			170				88				229				157
		$	15,690			$	36,742			$	49,881			$	73,113

											July 1, 2017				December 31, 2016
Identifiable Assets
Firearms										$	225,621			$	242,758
Castings											13,648				16,096
Corporate											44,822				88,025
										$	284,091			$	346,879

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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