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Operating Segment Information
 6 Months Ended
Jul. 01, 2023
Operating Segment Information [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:

 

(in thousands)  Three Months Ended   Six Months Ended 
   July 1,
2023		   July 2,
2022		   July 1,
2023		   July 2,
2022		 
Net Sales                    
Firearms  $141,853   $139,911   $290,746   $305,844 
Castings                    
Unaffiliated   951    742    1,511    1,384 
Intersegment   8,993    4,515    17,360    9,328 
    9,944    5,257    18,871    10,712 
Eliminations   (8,993)   (4,515)   (17,360)   (9,328)
   $142,804   $140,653   $292,257   $307,228 
                     
Income (Loss) Before Income Taxes                    
Firearms  $19,176   $27,096   $37,529   $66,791 
Castings   (491)   (1,342)   (1,598)   (1,725)
Corporate   1,548    350    2,794    557 
   $20,233   $26,104   $38,725   $65,623 
                     
Depreciation                    
Firearms  $5,675   $5,805   $11,351   $11,615 
Castings   555    584    1,108    1,162 
   $6,230   $6,389   $12,459   $12,777 
                     
Capital Expenditures                    
Firearms  $3,133   $3,383   $4,782   $13,647 
Castings   88    109    91    683 
   $3,221   $3,492   $4,873   $14,330 

 

   July 1,
2023		   December 31,
2022		 
Identifiable Assets          
Firearms  $214,139   $223,301 
Castings   9,131    11,910 
Corporate   173,628    249,552 
   $396,898   $484,763 
Goodwill          
Firearms  $3,055   $3,055 
Castings   209    209 
   $3,264   $3,264