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OPERATING SEGMENT INFORMATION

6 Months Ended

Jul. 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		Six Months Ended
(in thousands)	July 2, 2022	July 3, 2021	July 2, 2022	July 3, 2021
Net Sales
Firearms	$139,911	$199,447	$305,844	$383,049
Castings
Unaffiliated	742	625	1,384	1,400
Intersegment	4,515	7,151	9,328	14,221
	5,257	7,776	10,712	15,621
Eliminations	(4,515)	(7,151)	(9,328)	(14,221)
	$140,653	$200,072	$307,228	$384,449
Income (Loss) Before Income Taxes
Firearms	$27,096	$61,316	$66,791	$113,802
Castings	(1,342)	(1,170)	(1,725)	(1,331)
Corporate	350	120	557	185
	$26,104	$60,266	$65,623	$112,656
Depreciation
Firearms	$5,805	$6,466	$11,615	$13,184
Castings	584	712	1,162	1,423
	$6,389	$7,178	$12,777	$14,607
Capital Expenditures
Firearms	$3,383	$5,270	$13,647	$8,947
Castings	109	678	683	2,517
	$3,492	$5,948	$14,330	$11,464
			July 2, 2022	December 31, 2021
Identifiable Assets
Firearms			$196,624	$188,290
Castings			13,228	13,889
Corporate			233,880	240,164
			$443,732	$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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

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