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Operating Segment Information (Tables)

12 Months Ended

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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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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