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OPERATING SEGMENT INFORMATION

9 Months Ended

Sep. 28, 2019

Segment Reporting [Abstract]

OPERATING SEGMENT INFORMATION

NOTE 11 — 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:

	Three Months Ended		Nine Months Ended
(in thousands)	September 28, 2019	September 29, 2018	September 28, 2019	September 29, 2018
Net Sales
Firearms	$94,062	$113,798	$301,965	$370,697
Castings
Unaffiliated	937	1,147	3,402	3,817
Intersegment	3,924	5,723	14,090	16,902
	4,861	6,870	17,492	20,719
Eliminations	(3,924)	(5,723)	(14,090)	(16,902)
	$94,999	$114,945	$305,367	$374,514

Income (Loss) Before Income Taxes
Firearms	$5,778	$12,866	$31,117	$52,363
Castings	(101)	(635)	(1,135)	(1,578)
Corporate	696	(38)	2,202	358
	$6,373	$12,193	$32,184	$51,143

			September 28, 2019	December 31, 2018
Identifiable Assets
Firearms			$175,110	$166,975
Castings			11,478	10,850
Corporate			141,919	157,707
			$328,507	$335,532

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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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