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OPERATING SEGMENT INFORMATION

3 Months Ended

Apr. 02, 2022

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)	April 2, 2022	April 3, 2021
Net Sales
Firearms	$165,933	$183,603
Castings
Unaffiliated	642	774
Intersegment	4,813	7,070
	5,455	7,844
Eliminations	(4,813)	(7,070)
	$166,575	$184,377

Income (Loss) Before Income Taxes
Firearms	$39,695	$52,486
Castings	(383)	(161)
Corporate	207	65
	$39,519	$52,390

Depreciation
Firearms	$5,810	$6,718
Castings	578	711
	$6,388	$7,429

Capital Expenditures
Firearms	$10,307	$3,677
Castings	574	1,839
	$10,881	$5,516

	April 2, 2022	December 31, 2021
Identifiable Assets
Firearms	$199,560	$188,290
Castings	13,396	13,889
Corporate	233,522	240,164
	$446,478	$442,343

Goodwill
Firearms	$3,055	$3,055
Castings	209	209
	$3,264	$3,264

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No definition available.

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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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