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OPERATING SEGMENT INFORMATION

3 Months Ended

Mar. 28, 2020

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
(in thousands)	March 28, 2020	March 30, 2019
Net Sales
Firearms	$122,765	$112,932
Castings
Unaffiliated	874	1,106
Intersegment	4,773	5,601
	5,647	6,707
Eliminations	(4,773)	(5,601)
	$123,639	$114,038

Income (Loss) Before Income Taxes
Firearms	$20,478	$17,153
Castings	(210)	(477)
Corporate	543	724
	$20,811	$17,400

	March 28, 2020	December 31, 2019
Identifiable Assets
Firearms	$154,573	$163,792
Castings	10,790	11,332
Corporate	197,036	173,837
	$362,399	$348,961

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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

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-Publisher FASB
-Name Accounting Standards Codification
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