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