XML 34 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Operating Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2017
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, |  | 2017 |  |  | 2016 |  |  | 2015 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 517,701 |  |  | $ | 658,433 |  |  | $ | 544,850 |
Castings |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated |  |  | 4,555 |  |  |  | 5,895 |  |  |  | 6,244 |
Intersegment |  |  | 24,436 |  |  |  | 36,779 |  |  |  | 31,585 |
|  |  | 28,991 |  |  |  | 42,674 |  |  |  | 37,829 |
Eliminations |  |  | (24,436 | ) |  |  | (36,779 | ) |  |  | (31,585 | )
|  | $ | 522,256 |  |  | $ | 664,328 |  |  | $ | 551,094 |
Income (Loss) Before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 77,368 |  |  | $ | 136,390 |  |  | $ | 98,565 |
Castings |  |  | (53 | ) |  |  | (1,237 | ) |  |  | (3,407 | )
Corporate |  |  | 331 |  |  |  | 768 |  |  |  | 942 |
|  | $ | 77,646 |  |  | $ | 135,921 |  |  | $ | 96,100 |
Identifiable Assets |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 206,091 |  |  | $ | 242,758 |  |  | $ | 221,670 |
Castings |  |  | 12,524 |  |  |  | 16,096 |  |  |  | 15,289 |
Corporate |  |  | 65,703 |  |  |  | 88,025 |  |  |  | 78,924 |
|  | $ | 284,318 |  |  | $ | 346,879 |  |  | $ | 315,883 |
Depreciation |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 31,701 |  |  | $ | 32,010 |  |  | $ | 32,409 |
Castings |  |  | 2,118 |  |  |  | 2,688 |  |  |  | 3,029 |
|  | $ | 33,819 |  |  | $ | 34,698 |  |  | $ | 35,438 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 32,710 |  |  | $ | 33,455 |  |  | $ | 26,246 |
Castings |  |  | 886 |  |  |  | 1,760 |  |  |  | 2,459 |
|  | $ | 33,596 |  |  | $ | 35,215 |  |  | $ | 28,705 |
In 2017, the Company’s largest customers and the percent of total sales they represented were as follows: Davidson’s-21%; Lipsey’s-18%; Sports South-13%; and Jerry’s/Ellett Brothers-12%. 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%. The Company’s assets are located entirely in the United States and domestic sales represented at least 96% of total sales in 2017, 2016, and 2015.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration