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OPERATING SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

OPERATING SEGMENT INFORMATION

NOTE 10 - 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
		June 30, 2018				July 1, 2017				June 30, 2018				July 1, 2017
Net Sales
Firearms		$	127,017			$	130,510			$	256,899			$	296,876
Castings
Unaffiliated			1,394				1,344				2,670				2,334
Intersegment			5,771				6,281				11,179				15,121
			7,165				7,625				13,849				17,455
Eliminations			(5,771	)			(6,281	)			(11,179	)			(15,121	)
		$	128,411			$	131,854			$	259,569			$	299,210
Income (Loss) Before Income Taxes
Firearms		$	20,367			$	15,466			$	39,497			$	49,497
Castings			(455	)			54				(943	)			155
Corporate			137				170				396				229
		$	20,049			$	15,690			$	38,950			$	49,881
										June 30, 2018				December 31, 2017
Identifiable Assets
Firearms										$	170,607			$	206,091
Castings											10,409				12,524
Corporate											131,742				65,703
										$	312,758			$	284,318

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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