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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Total net sales $ 130,761 $ 142,804 $ 267,581 $ 292,257
Cost of products sold 101,607 104,656 209,024 215,623
Gross profit 29,154 38,148 58,557 76,634
Operating expenses:        
Selling 9,484 9,808 19,190 19,033
General and administrative 10,698 9,925 22,864 22,165
Total operating expenses 20,182 19,733 42,054 41,198
Operating income 8,972 18,415 16,503 35,436
Other income:        
Interest income 1,329 1,479 2,684 2,693
Interest expense (25) (30) (42) (55)
Other income, net 179 369 357 651
Total other income, net 1,483 1,818 2,999 3,289
Income before income taxes 10,455 20,233 19,502 38,725
Income taxes 2,191 4,048 4,154 8,190
Net income and comprehensive income $ 8,264 $ 16,185 $ 15,348 $ 30,535
Basic earnings per share (in Dollars per share) $ 0.48 $ 0.91 $ 0.88 $ 1.73
Diluted earnings per share (in Dollars per share) $ 0.47 $ 0.91 $ 0.87 $ 1.72
Weighted average number of common shares outstanding - Basic (in Shares) 17,343,341 17,714,471 17,388,509 17,696,579
Weighted average number of common shares outstanding - Diluted (in Shares) 17,618,508 17,826,205 17,615,244 17,798,521
Cash dividends per share (in Dollars per share) $ 0.16 $ 0.32 $ 0.39 $ 5.74
Net firearms sales        
Total net sales $ 129,829 $ 141,853 $ 265,837 $ 290,746
Net castings sales        
Total net sales $ 932 $ 951 $ 1,744 $ 1,511