XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Total net sales $ 140,653 $ 200,072 $ 307,228 $ 384,449
Cost of products sold 97,099 121,315 205,566 233,126
Gross profit 43,554 78,757 101,662 151,323
Operating expenses:        
Selling 8,630 8,449 17,065 16,537
General and administrative 9,734 10,639 20,680 23,161
Total operating expenses 18,364 19,088 37,745 39,698
Operating income 25,190 59,669 63,917 111,625
Other income:        
Interest income 190 12 221 20
Interest expense (26) (25) (117) (50)
Other income, net 750 610 1,602 1,061
Total other income, net 914 597 1,706 1,031
Income before income taxes 26,104 60,266 65,623 112,656
Income taxes 5,347 15,882 14,634 30,080
Net income and comprehensive income $ 20,757 $ 44,384 $ 50,989 $ 82,576
Basic earnings per share $ 1.18 $ 2.52 $ 2.89 $ 4.70
Diluted earnings per share $ 1.17 $ 2.50 $ 2.87 $ 4.66
Weighted average number of common shares outstanding - Basic 17,652,148 17,590,305 17,631,060 17,574,798
Weighted average number of common shares outstanding - Diluted 17,799,707 17,766,868 17,762,765 17,735,910
Cash dividends per share $ 0.68 $ 0.86 $ 1.54 $ 1.57
Firearms [Member]        
Total net sales $ 139,911 $ 199,447 $ 305,844 $ 383,049
Castings [Member]        
Total net sales $ 742 $ 625 $ 1,384 $ 1,400