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OPERATING SEGMENT INFORMATION

9 Months Ended

Sep. 29, 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		Nine Months Ended
	September 29, 2018	September 30, 2017	September 29, 2018	September 30, 2017
Net Sales
Firearms	$113,798	$103,658	$370,697	$400,533
Castings
Unaffiliated	1,147	1,159	3,817	3,493
Intersegment	5,723	4,745	16,902	19,866
	6,870	5,904	20,719	23,359
Eliminations	(5,723)	(4,745)	(16,902)	(19,866)
	$114,945	$104,817	$374,514	$404,026
Income (Loss) Before Income Taxes
Firearms	$12,866	$13,459	$52,363	$62,957
Castings	(635)	112	(1,578)	267
Corporate	(38)	(130)	358	99
	$12,193	$13,441	$51,143	$63,323
			September 29, 2018	December 31, 2017
Identifiable Assets
Firearms			$166,901	$206,091
Castings			10,532	12,524
Corporate			138,619	65,703
			$316,052	$284,318

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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://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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