XML 56 R44.htm IDEA: XBRL DOCUMENT v3.22.0.1

Operating Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

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,		2021				2020				2019
Net Sales
Firearms		$	728,141			$	565,863			$	406,326
Castings
Unaffiliated			2,595				3,005				4,180
Intersegment			24,711				22,254				18,425
			27,306				25,259				22,605
Eliminations			(24,711	)			(22,254	)			(18,425	)
		$	730,736			$	568,868			$	410,506
Income (Loss) Before Income Taxes
Firearms		$	207,657			$	120,732			$	40,814
Castings			(2,732	)			(1,000	)			(797	)
Corporate			1,669				1,249				3,010
		$	206,594			$	120,981			$	43,027
Identifiable Assets
Firearms		$	188,290			$	174,500			$	163,792
Castings			13,889				11,959				11,332
Corporate			240,164				161,799				173,837
		$	442,343			$	348,258			$	348,961
Goodwill
Firearms		$	3,055			$	616			$	-
Castings			209				209				209
		$	3,264			$	825			$	209
Depreciation
Firearms		$	22,842			$	25,126			$	27,149
Castings			2,959				2,158				1,875
		$	25,801			$	27,284			$	29,024
Capital Expenditures
Firearms		$	25,239			$	19,253			$	19,570
Castings			3,537				4,976				726
		$	28,776			$	24,229			$	20,296

X

- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration