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Operating Segment Information
 9 Months Ended
Sep. 27, 2025
Operating Segment Information [Abstract]  
OPERATING SEGMENT INFORMATION

NOTE 12 - 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 27,
2025		   September 28,
2024		   September 27,
2025		   September 28,
2024		 
Net Sales                    
Firearms  $126,130   $121,512   $392,892   $387,349 
Castings                    
Unaffiliated   636    775    2,103    2,519 
Intersegment   5,210    7,376    18,819    24,022 
    5,846    8,151    20,922    26,541 
Eliminations   (5,210)   (7,376)   (18,819)   (24,022)
   $126,766   $122,287   $394,995   $389,868 
Costs of Goods Sold                    
Firearms  $106,926   $98,691   $337,907   $305,736 
Castings                    
Unaffiliated   685    924    2,892    2,903 
Intersegment   5,210    7,376    18,819    24,022 
    5,895    8,300    21,711    26,925 
Eliminations   (5,210)   (7,376)   (18,819)   (24,022)
   $107,611   $99,615   $340,799   $308,639  
   Three Months Ended  Nine Months Ended
   September 27,
2025		  September 28,
2024		  September 27,
2025		  September 28,
2024
Gross Profit (Loss)                    
Firearms  $19,204   $22,821   $54,985   $81,614 
Castings   (49)   (149)   (789)   (385)
   $19,155   $22,672   $54,196   $81,229 
Operating Income (Loss)                    
Firearms  $(3,252)  $4,040   $(14,435)  $21,132 
Castings   (232)   (298)   (1,293)   (887)
   $(3,484)  $3,742   $(15,728)  $20,245 
Income (Loss) Before Income Taxes                    
Firearms  $(3,027)  $4,237   $(13,959)  $21,718 
Castings   (232)   (295)   (1,252)   (884)
Corporate   1,145    1,323    3,456    3,933 
   $(2,114)  $5,265   $(11,755)  $24,767 
Depreciation                    
Firearms  $4,988   $5,074   $14,963   $14,818 
Castings   347    473    1,041    1,363 
   $5,335   $5,547   $16,004   $16,181 
Capital Expenditures                    
Firearms  $20,826   $6,704   $27,375   $16,829 
Castings   73    78    271    367 
   $20,899   $6,782   $27,646   $17,196 

 

   September 27,
2025		   December 31,
2024		 
Identifiable Assets          
Firearms  $213,486   $230,024 
Castings   7,808    9,303 
Corporate   121,026    144,707 
   $342,320   $384,034 
Goodwill          
Firearms  $3,445   $3,055 
Castings   209    209 
   $3,654   $3,264