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Operating Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Operating Segment Information [Abstarct] |
Schedule of Operating Segment Financial Information | The Company evaluates performance and allocates resources, in part, based on income (loss) before taxes. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies (see Note 1). Intersegment sales are recorded at the Company’s cost plus a fixed profit percentage.
Year ended December 31, |  | 2023 |  |  | 2022 |  |  | 2021 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 540,746 |  |  | $ | 593,289 |  |  | $ | 728,141 |
Castings |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated |  |  | 3,021 |  |  |  | 2,553 |  |  |  | 2,595 |
Intersegment |  |  | 33,086 |  |  |  | 21,306 |  |  |  | 24,711 |
|  |  | 36,107 |  |  |  | 23,859 |  |  |  | 27,306 |
Eliminations |  |  | (33,086 | ) |  |  | (21,306 | ) |  |  | (24,711 | )
|  | $ | 543,767 |  |  | $ | 595,842 |  |  | $ | 730,736 |
Income (Loss) Before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 53,723 |  |  | $ | 108,610 |  |  | $ | 207,657 |
Castings |  |  | (798 | ) |  |  | (3,338 | ) |  |  | (2,732 | )
Corporate |  |  | 5,899 |  |  |  | 3,007 |  |  |  | 1,669 |
|  | $ | 58,824 |  |  | $ | 108,279 |  |  | $ | 206,594 |
Identifiable Assets |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 228,699 |  |  | $ | 223,301 |  |  | $ | 188,290 |
Castings |  |  | 11,144 |  |  |  | 11,910 |  |  |  | 13,889 |
Corporate |  |  | 158,974 |  |  |  | 249,552 |  |  |  | 240,164 |
|  | $ | 398,817 |  |  | $ | 484,763 |  |  | $ | 442,343 |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 3,055 |  |  | $ | 3,055 |  |  | $ | 3,055 |
Castings |  |  | 209 |  |  |  | 209 |  |  |  | 209 |
|  | $ | 3,264 |  |  | $ | 3,264 |  |  | $ | 3,264 |
Depreciation |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 19,301 |  |  | $ | 21,992 |  |  | $ | 22,842 |
Castings |  |  | 1,814 |  |  |  | 2,452 |  |  |  | 2,959 |
|  | $ | 21,115 |  |  | $ | 24,444 |  |  | $ | 25,801 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Firearms |  | $ | 15,395 |  |  | $ | 26,598 |  |  | $ | 25,239 |
Castings |  |  | 401 |  |  |  | 1,175 |  |  |  | 3,537 |
|  | $ | 15,796 |  |  | $ | 27,773 |  |  | $ | 28,776 |

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