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 income (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,	2019			2018			2017
Net Sales
Firearms	$	406,326		$	490,607		$	517,701
Castings
Unaffiliated		4,180			5,028			4,555
Intersegment		18,425			22,946			24,436
		22,605			27,974			28,991
Eliminations		(18,425	)		(22,946	)		(24,436	)
	$	410,506		$	495,635		$	522,256
Income (Loss) Before Income Taxes
Firearms	$	40,814		$	70,311		$	77,368
Castings		(797	)		(2,240	)		(53	)
Corporate		3,010			643			331
	$	43,027		$	68,714		$	77,646
Identifiable Assets
Firearms	$	163,792		$	166,975		$	206,091
Castings		11,332			10,850			12,524
Corporate		173,837			157,707			65,703
	$	348,961		$	335,532		$	284,318
Depreciation
Firearms	$	27,149		$	29,542		$	31,701
Castings		1,875			2,083			2,118
	$	29,024		$	31,625		$	33,819
Capital Expenditures
Firearms	$	19,570		$	9,689		$	32,710
Castings		726			852			886
	$	20,296		$	10,541		$	33,596

In 2019, the Company’s largest customers and the percent of firearms sales they represented were as follows: Lipsey’s-26%; Sports South-22%; and Davidson’s-15%.

In 2018, the Company’s largest customers and the percent of firearms sales they represented were as follows: Davidson’s-21%; Lipsey’s-20%; and Sports South-16%.

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In 2017, the Company’s largest customers and the percent of firearms sales they represented were as follows: Davidson’s-21%; Lipsey’s-18%; Sports South-13%; and Jerry’s/Ellett Brothers-12%.

The Company’s assets are located entirely in the United States and domestic sales represented at least 95% of total sales in 2019, 2018, and 2017.