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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Total net sales $ 142,804 $ 140,653 $ 292,257 $ 307,228
Cost of products sold 104,656 97,099 215,623 205,566
Gross profit 38,148 43,554 76,634 101,662
Operating expenses:        
Selling 9,808 8,630 19,033 17,065
General and administrative 9,925 9,734 22,165 20,680
Total operating expenses 19,733 18,364 41,198 37,745
Operating income 18,415 25,190 35,436 63,917
Other income:        
Interest income 1,479 190 2,693 221
Interest expense (30) (26) (55) (117)
Other income, net 369 750 651 1,602
Total other income, net 1,818 914 3,289 1,706
Income before income taxes 20,233 26,104 38,725 65,623
Income taxes 4,048 5,347 8,190 14,634
Net income and comprehensive income $ 16,185 $ 20,757 $ 30,535 $ 50,989
Basic earnings per share (in Dollars per share) $ 0.91 $ 1.18 $ 1.73 $ 2.89
Diluted earnings per share (in Dollars per share) $ 0.91 $ 1.17 $ 1.72 $ 2.87
Weighted average number of common shares outstanding - Basic (in Shares) 17,714,471 17,652,148 17,696,579 17,631,060
Weighted average number of common shares outstanding - Diluted (in Shares) 17,826,205 17,799,707 17,798,521 17,762,765
Cash dividends per share (in Dollars per share) $ 0.32 $ 0.68 $ 5.74 $ 1.54
Net firearms sales        
Total net sales $ 141,853 $ 139,911 $ 290,746 $ 305,844
Net castings sales        
Total net sales $ 951 $ 742 $ 1,511 $ 1,384