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OPERATING SEGMENT INFORMATION

9 Months Ended

Oct. 02, 2021

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)	October 2, 2021	September 26, 2020	October 2, 2021	September 26, 2020
Net Sales
Firearms	$177,529	$145,157	$560,578	$397,335
Castings
Unaffiliated	717	548	2,116	2,273
Intersegment	5,774	5,996	19,995	15,784
	6,491	6,544	22,111	18,057
Eliminations	(5,774)	(5,996)	(19,995)	(15,784)
	$178,246	$145,705	$562,694	$399,608
Income (Loss) Before Income Taxes
Firearms	$48,139	$33,659	$161,941	$78,859
Castings	(753)	(633)	(2,084)	(1,356)
Corporate	638	(132)	823	901
	$48,024	$32,894	$160,680	$78,404
			October 2, 2021	December 31, 2020
Identifiable Assets
Firearms			$197,158	$174,500
Castings			13,456	11,959
Corporate			209,447	161,799
			$420,061	$348,258

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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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