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Operating Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Operating Segment Financial Information

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,		2020				2019				2018
Net Sales
Firearms		$	565,863			$	406,326			$	490,607
Castings
Unaffiliated			3,005				4,180				5,028
Intersegment			22,254				18,425				22,946
			25,259				22,605				27,974
Eliminations			(22,254	)			(18,425	)			(22,946	)
		$	568,868			$	410,506			$	495,635
Income (Loss) Before Income Taxes
Firearms		$	120,732			$	40,814			$	70,311
Castings			(1,000	)			(797	)			(2,240	)
Corporate			1,249				3,010				643
		$	120,981			$	43,027			$	68,714
Identifiable Assets
Firearms		$	174,500			$	163,792			$	166,975
Castings			11,959				11,332				10,850
Corporate			161,799				173,837				157,707
		$	348,258			$	348,961			$	335,532
Depreciation
Firearms		$	25,126			$	27,149			$	29,542
Castings			2,158				1,875				2,083
		$	27,284			$	29,024			$	31,625
Capital Expenditures
Firearms		$	19,253			$	19,570			$	9,689
Castings			4,976				726				852
		$	24,229			$	20,296			$	10,541

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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- References

No definition available.

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