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Operating Segment Information

3 Months Ended

Mar. 30, 2024

Operating Segment Information [Abstarct]

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
		March 30, 2024				April 1, 2023
Net Sales
Firearms		$	136,008			$	148,893
Castings
Unaffiliated			812				560
Intersegment			8,542				8,367
			9,354				8,927
Eliminations			(8,542	)			(8,367	)
		$	136,820			$	149,453
Income (Loss) Before Income Taxes
Firearms		$	8,016			$	18,353
Castings			(321	)			(1,107	)
Corporate			1,352				1,246
		$	9,047			$	18,492
Depreciation
Firearms		$	5,112			$	5,676
Castings			455				553
		$	5,567			$	6,229
Capital Expenditures
Firearms		$	1,635			$	1,649
Castings			153				3
		$	1,788			$	1,652

		March 30, 2024				December 31,2023
Identifiable Assets
Firearms		$	220,867			$	228,699
Castings			10,380				11,144
Corporate			153,730				158,974
		$	384,977			$	398,817
Goodwill
Firearms		$	3,055			$	3,055
Castings			209				209
		$	3,264			$	3,264

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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