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Operating Segment Information

9 Months Ended

Sep. 28, 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								Nine Months Ended
		September 28, 2024				September 30, 2023				September 28, 2024				September 30, 2023
Net Sales
Firearms		$	121,512			$	120,368			$	387,349			$	411,114
Castings
Unaffiliated			775				525				2,519				2,036
Intersegment			7,376				7,947				24,022				25,307
			8,151				8,472				26,541				27,343
Eliminations			(7,376	)			(7,947	)			(24,022	)			(25,307	)
		$	122,287			$	120,893			$	389,868			$	413,150
Income (Loss) Before Income Taxes
Firearms		$	4,237			$	6,108			$	21,718			$	43,637
Castings			(296	)			420				(884	)			(1,178	)
Corporate			1,324				1,561				3,933				4,355
		$	5,265			$	8,089			$	24,767			$	46,814
Depreciation
Firearms		$	5,074			$	5,676			$	14,818			$	17,027
Castings			473				553				1,363				1,661
		$	5,547			$	6,229			$	16,181			$	18,688
Capital Expenditures
Firearms		$	6,704			$	6,674			$	16,829			$	11,456
Castings			78				90				367				181
		$	6,782			$	6,764			$	17,196			$	11,637

		September 28, 2024				December 31, 2023
Identifiable Assets
Firearms		$	231,342			$	228,699
Castings			9,637				11,144
Corporate			132,475				158,974
		$	373,454			$	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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