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Operating Segment Information
 6 Months Ended
Jun. 28, 2025
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 28,
2025		  June 29,
2024		  June 28,
2025		  June 29,
2024
Net Sales                    
Firearms  $131,567   $129,829   $266,762   $265,837 
Castings                    
Unaffiliated   924    932    1,467    1,744 
Intersegment   6,387    8,104    13,609    16,646 
    7,311    9,036    15,076    18,390 
Eliminations   (6,387)   (8,104)   (13,609)   (16,646)
   $132,491   $130,761   $268,229   $267,581 
Costs of Goods Sold                    
Firearms  $125,727   $100,576   $230,981   $207,045 
Castings                    
Unaffiliated   1,618    1,031    2,207    1,979 
Intersegment   6,387    8,104    13,609    16,646 
    8,005    9,135    15,816    18,625 
Eliminations   (6,387)   (8,104)   (13,609)   (16,646)
   $127,345   $101,607   $233,188   $209,024 
   Three Months Ended  Six Months Ended
   June 28,
2025		  June 29,
2024		  June 28,
2025		  June 29,
2024
Gross Profit (Loss)                    
Firearms  $5,840   $29,253   $35,781   $58,792 
Castings   (694)   (99)   (740)   (235)
   $5,146   $29,154   $35,041   $58,557 
Operating Income (Loss)                    
Firearms  $(19,838)  $9,240   $(11,183)  $17,092 
Castings   (878)   (268)   (1,061)   (589)
   $(20,716)  $8,972   $(12,244)  $16,503 
Income (Loss) Before Income Taxes                    
Firearms  $(19,690)  $9,465   $(10,932)  $17,481 
Castings   (875)   (268)   (1,020)   (589)
Corporate   1,177    1,258    2,311    2,610 
   $(19,388)  $10,455   $(9,641)  $19,502 
Depreciation                    
Firearms  $4,987   $4,632   $9,975   $9,744 
Castings   347    435    694    890 
   $5,334   $5,067   $10,669   $10,634 
Capital Expenditures                    
Firearms  $5,514   $8,490   $6,548   $10,125 
Castings   108    136    198    289 
   $5,622   $8,626   $6,746   $10,414 

   June 28,
2025		  December 31,
2024
Identifiable Assets          
Firearms  $194,108   $230,024 
Castings   8,780    9,303 
Corporate   146,647    144,707 
   $349,535   $384,034 
Goodwill          
Firearms  $3,055   $3,055 
Castings   209    209 
   $3,264   $3,264