XML 25 R17.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 11 - Operating Segment and Geographic Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 11 — Operating Segment and Geographic Information The following table presents certain operating segment information.
In Thousands |  | 2022 |  |  | 2021 |  |  | 2020 |
Sporting Goods |  |  |  |  |  |  |  |  |  |  |  |
Net revenue |  | $ | 313,757 |  |  | $ | 313,612 |  |  | $ | 273,649 |
Operating income |  |  | 25,925 |  |  |  | 31,534 |  |  |  | 32,685 |
Interest expense |  |  | 3,780 |  |  |  | 1,510 |  |  |  | 250 |
Provision for taxes |  |  | 6,106 |  |  |  | 8,295 |  |  |  | 8,951 |
Net income |  |  | 16,117 |  |  |  | 21,892 |  |  |  | 23,625 |
Identifiable assets |  |  | 286,417 |  |  |  | 241,547 |  |  |  | 211,253 |
Depreciation & amortization |  |  | 6,063 |  |  |  | 4,835 |  |  |  | 4,016 |
Capital expenditures |  |  | 2,111 |  |  |  | 9,696 |  |  |  | 5,455 |
All Other |  |  |  |  |  |  |  |  |  |  |  |
Net revenue |  |  | - |  |  |  | - |  |  |  | - |
Operating income |  |  | 390 |  |  |  | 362 |  |  |  | 347 |
Interest expense (income) |  |  | - |  |  |  | - |  |  |  | - |
Provision (benefit) for taxes |  |  | (1,481 | ) |  |  | (2,151 | ) |  |  | (1,963 | )
Net income |  |  | 1,872 |  |  |  | 2,513 |  |  |  | 2,309 |
Identifiable assets |  |  | 12,301 |  |  |  | 10,251 |  |  |  | 9,452 |
Depreciation & amortization |  |  | - |  |  |  | - |  |  |  | - |
Capital expenditures |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  |  |  |  |  |  |  |  |  |  |
Net revenue |  |  | 313,757 |  |  |  | 313,612 |  |  |  | 273,649 |
Operating income |  |  | 26,315 |  |  |  | 31,896 |  |  |  | 33,032 |
Interest expense |  |  | 3,780 |  |  |  | 1,510 |  |  |  | 250 |
Provision for taxes |  |  | 4,625 |  |  |  | 6,144 |  |  |  | 6,988 |
Net income |  |  | 17,989 |  |  |  | 24,405 |  |  |  | 25,934 |
Identifiable assets |  |  | 298,718 |  |  |  | 251,798 |  |  |  | 220,705 |
Depreciation & amortization |  |  | 6,063 |  |  |  | 4,835 |  |  |  | 4,016 |
Capital expenditures |  |  | 2,111 |  |  |  | 9,696 |  |  |  | 5,455 |
Each operating segment is individually managed and has separate financial results that are reviewed by the Company’s management. There were no changes to the composition of segments in 2022. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Sporting Goods segment consists of home entertainment products such as table tennis tables and accessories; basketball goals; pickleball; pool tables and accessories; outdoor playsets; water sports; soccer and hockey tables; archery equipment and accessories; and fitness, arcade and darting products. Customers include retailers, dealers and wholesalers located throughout North America, Europe and the rest of the world. All Other consist of general and administrative expenses not specifically related to the operating business segments. Interest expense is allocated to operating segments based on working capital usage and the provision for taxes is allocated based on a combined federal and state statutory rate of 27.5% adjusted for actual taxes on foreign income. Permanent tax adjustments and timing differences are included in the all other segment. Identifiable assets are principally those assets used in each segment. The assets in the all other segment are principally cash and cash equivalents; and prepaid assets. The Company had net assets of $14.8 million and $15.8 million located in Mexico as of December 31, 2022 and December 25, 2021, respectively. During 2022, 2021 and 2020, the Company had one customer that accounted for approximately 23%, 21% and 23%, respectively, of the Company’s revenues. During 2022, 2021 and 2020 the Company had another customer which accounted for approximately 12%, 11% and 13%, respectively, of the Company’s revenues. As of December 31, 2022, the Company had approximately 28% of its total accounts receivable with one customer. As of December 25, 2021, the Company had approximately 24%, 17% and 10% of its total accounts receivable with that same customer and two other customers, respectively. As of December 31, 2022, approximately 31 employees of the Company's labor force were covered by a collective bargaining agreement that expires on January 31, 2025. Raw materials for Escalade’s various product lines consist of wood, tempered glass, particle board, standard grades of steel and steel tubing, aluminum, engineering plastics, fiberglass and packaging materials. Escalade relies upon domestic, Mexico, Brazil, and Asian suppliers for these materials and upon various Asian manufacturers for many of its products. Net sales are attributed to country based on location of customer. Net sales by geographic region/country were as follows:
In Thousands |  | 2022 |  |  | 2021 |  |  | 2020 |
North America |  | $ | 307,318 |  |  | $ | 309,211 |  |  | $ | 270,173 |
Europe |  |  | 3,036 |  |  |  | 2,153 |  |  |  | 1,555 |
Other |  |  | 3,403 |  |  |  | 2,248 |  |  |  | 1,921 |
|  | $ | 313,757 |  |  | $ | 313,612 |  |  | $ | 273,649 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration