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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total net sales $ 595,842 $ 730,736 $ 568,868
Cost of products sold 415,757 451,179 377,427
Gross profit 180,085 279,557 191,441
Operating Expenses (Incomes):      
Selling 36,114 33,259 33,332
General and administrative 40,551 43,289 39,013
Other operating expense (income), net (36) (127) (52)
Total operating expenses 76,629 76,421 72,293
Operating income 103,456 203,136 119,148
Other income:      
Royalty income 837 1,975 814
Interest income 2,552 49 1,126
Interest expense (256) (164) (191)
Other income, net 1,690 1,598 84
Total other income, net 4,823 3,458 1,833
Income before income taxes 108,279 206,594 120,981
Income taxes 19,947 50,695 30,583
Net income and comprehensive income $ 88,332 $ 155,899 $ 90,398
Basic Earnings Per Share (in Dollars per share) $ 5 $ 8.87 $ 5.17
Diluted Earnings Per Share (in Dollars per share) $ 4.96 $ 8.78 $ 5.09
Weighted average number of common shares outstanding – Basic (in Shares) 17,648,850 17,585,604 17,486,054
Weighted average number of common shares outstanding – Diluted (in Shares) 17,793,348 17,757,834 17,769,856
Cash Dividends Per Share (in Dollars per share) $ 2.42 $ 3.36 $ 6.51
Net firearms sales      
Total net sales $ 593,289 $ 728,141 $ 565,863
Net castings sales      
Total net sales $ 2,553 $ 2,595 $ 3,005