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Operating Segment Information
 9 Months Ended
Sep. 30, 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   Nine Months Ended 
   September 30,
2023		   October 1,
2022		   September 30,
2023		   October 1,
2022		 
Net Sales                    
Firearms  $120,368   $138,771   $411,114   $444,615 
Castings                    
Unaffiliated   525    619    2,036    2,003 
Intersegment   7,947    4,453    25,307    13,781 
    8,472    5,072    27,343    15,784 
Eliminations   (7,947)   (4,453)   (25,307)   (13,781)
   $120,893   $139,390   $413,150   $446,618 
                     
Income (Loss) Before Income Taxes                    
Firearms  $6,108   $21,339   $43,637   $88,130 
Castings   420    (1,029)   (1,178)   (2,754)
Corporate   1,561    681    4,355    1,238 
   $8,089   $20,991   $46,814   $86,614 
                     
Depreciation                    
Firearms  $5,676   $5,815   $17,027   $17,430 
Castings   553    574    1,661    1,736 
   $6,229   $6,389   $18,688   $19,166 
                     
Capital Expenditures                    
Firearms  $6,674   $2,324   $11,456   $15,971 
Castings   90    552    181    1,235 
   $6,764   $2,876   $11,637   $17,206 

 

   September 30,
2023		   December 31,
2022		 
Identifiable Assets          
Firearms  $230,340   $223,301 
Castings   10,137    11,910 
Corporate   159,873    249,552 
   $400,350   $484,763 
Goodwill        
Firearms  $3,055   $3,055 
Castings   209    209 
   $3,264   $3,264