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Operating Segment Information

6 Months Ended

Jun. 29, 2024

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								Six Months Ended
		June 29, 2024				July 1, 2023				June 29, 2024				July 1, 2023
Net Sales
Firearms		$	129,829			$	141,853			$	265,837			$	290,746
Castings
Unaffiliated			932				951				1,744				1,511
Intersegment			8,104				8,993				16,646				17,360
			9,036				9,944				18,390				18,871
Eliminations			(8,104	)			(8,993	)			(16,646	)			(17,360	)
		$	130,761			$	142,804			$	267,581			$	292,257
Income (Loss) Before Income Taxes
Firearms		$	9,465			$	19,176			$	17,481			$	37,529
Castings			(267	)			(491	)			(588	)			(1,598	)
Corporate			1,257				1,548				2,609				2,794
		$	10,455			$	20,233			$	19,502			$	38,725
Depreciation
Firearms		$	4,632			$	5,675			$	9,744			$	11,351
Castings			435				555				890				1,108
		$	5,067			$	6,230			$	10,634			$	12,459
Capital Expenditures
Firearms		$	8,490			$	3,133			$	10,125			$	4,782
Castings			136				88				289				91
		$	8,626			$	3,221			$	10,414			$	4,873

		June 29, 2024				December 31, 2023
Identifiable Assets
Firearms		$	226,759			$	228,699
Castings			9,805				11,144
Corporate			140,139				158,974
		$	376,703			$	398,817
Goodwill
Firearms		$	3,055			$	3,055
Castings			209				209
		$	3,264			$	3,264

X

- Definition

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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