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OPERATING SEGMENT INFORMATION

9 Months Ended

Sep. 30, 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								Nine Months Ended
		September 30, 2017				October 1, 2016				September 30, 2017				October 1, 2016
Net Sales
Firearms		$	103,658			$	160,058			$	400,533			$	497,889
Castings
Unaffiliated			1,159				1,369				3,493				4,591
Intersegment			4,745				9,114				19,866				27,564
			5,904				10,483				23,359				32,155
Eliminations			(4,745	)			(9,114	)			(19,866	)			(27,564	)
		$	104,817			$	161,427			$	404,026			$	502,480
Income (Loss) Before Income Taxes
Firearms		$	13,459			$	29,785			$	62,957			$	103,834
Castings			112				144				267				(949	)
Corporate			(130	)			525				99				682
		$	13,441			$	30,454			$	63,323			$	103,567

										September 30, 2017				December 31, 2016
Identifiable Assets
Firearms										$	219,373			$	242,758
Castings											13,121				16,096
Corporate											45,034				88,025
										$	277,528			$	346,879

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- References

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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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