XML 40 R23.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Information [Abstract] |
Segment Information | NOTE 16. SEGMENT INFORMATION We operate our business structure within two segments. These segments are defined based on the internal financial reporting used by our chief operating decision maker to allocate resources and assess performance. Certain significant selling and general and administrative expenses are not allocated to the segments including non-cash stock compensation expense. Each segment is described below: Our Black Diamond segment, which includes Black Diamond Equipment, PIEPS, and SKINourishment, is a global leader in designing, manufacturing, and marketing innovative outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities. Our Black Diamond segment offers a broad range of products including: high-performance, activity-based apparel (such as shells, insulation, midlayers, pants and logowear); rock-climbing footwear and equipment (such as carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gear); technical backpacks and high-end day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skincare and other sport-enhancing products. We also offer advanced skis, ski poles, ski skins, and snow safety products, including avalanche airbag systems, avalanche transceivers, shovels, and probes. Our Sierra segment, which includes Sierra and Barnes, includes two iconic American manufacturers of a wide range of high-performance bullets and ammunition for both rifles and pistols. These bullets are used for precision target shooting, hunting and military and law enforcement purposes. As noted above, the Company has a wide variety of technical outdoor equipment and lifestyle products focused on the climb, ski, mountain and sport product categories that are sold to a variety of customers in multiple end markets. While there are multiple products sold, the terms and nature of revenue recognition policy is similar for all segments. The sport product category represents the Sierra segment revenue. We divide our product offerings into four primary categories of climb, mountain, ski and sport. Revenue by category as a percentage of total consolidated revenues is as follows:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Climb | 28 | % |  | 31 | % |  | 30 | %
Mountain | 28 | % |  | 34 | % |  | 34 | %
Ski | 20 | % |  | 22 | % |  | 19 | %
Sport | 24 | % |  | 13 | % |  | 17 | %
Financial information for our segments is as follows:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Sales to external customers: |  |  |  |  |  |  |  |
Black Diamond |  |  |  |  |  |  |  |
Domestic sales | $ | 86,717 |  | $ | 100,294 |  | $ | 86,432
International sales |  | 84,514 |  |  | 99,652 |  |  | 90,314
Total Black Diamond |  | 171,231 |  |  | 199,946 |  |  | 176,746
Sierra |  |  |  |  |  |  |  |
Domestic sales |  | 45,509 |  |  | 21,457 |  |  | 26,105
International sales |  | 7,267 |  |  | 8,034 |  |  | 9,290
Total Sierra |  | 52,776 |  |  | 29,491 |  |  | 35,395
Total sales to external customers |  | 224,007 |  |  | 229,437 |  |  | 212,141
Segment operating income: |  |  |  |  |  |  |  |
Black Diamond |  | 5,933 |  |  | 15,553 |  |  | 11,102
Sierra |  | 12,924 |  |  | 4,008 |  |  | 5,808
Total segment operating income |  | 18,857 |  |  | 19,561 |  |  | 16,910
Restructuring charge |  | - |  |  | (13) |  |  | (137)
Transaction costs |  | (2,433) |  |  | (166) |  |  | (503)
Corporate and other expenses |  | (11,578) |  |  | (8,043) |  |  | (8,458)
Interest expense, net |  | (1,261) |  |  | (1,358) |  |  | (1,339)
Income before income tax | $ | 3,585 |  | $ | 9,981 |  | $ | 6,473
There were no intercompany sales between the Black Diamond and Sierra segments for the periods presented. Restructuring charges for the periods presented relate to the Black Diamond segment. Total assets by segment, as of December 31, 2020 and 2019, were as follows:
| December 31,
| 2020 |  | 2019
Black Diamond | $ | 141,746 |  | $ | 147,261
Sierra |  | 113,430 |  |  | 72,104
Corporate |  | 25,515 |  |  | 10,900
| $ | 280,691 |  | $ | 230,265
Capital expenditures, depreciation and amortization by segment is as follows.
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Capital expenditures: |  |  |  |  |  |  |  |
Black Diamond | $ | 3,376 |  | $ | 2,636 |  | $ | 2,560
Sierra |  | 2,035 |  |  | 1,480 |  |  | 805
Total capital expenditures | $ | 5,411 |  | $ | 4,116 |  | $ | 3,365
Depreciation: |  |  |  |  |  |  |  |
Black Diamond | $ | 2,782 |  | $ | 2,645 |  | $ | 2,469
Sierra |  | 2,019 |  |  | 1,905 |  |  | 1,954
Total depreciation | $ | 4,801 |  | $ | 4,550 |  | $ | 4,423
Amortization: |  |  |  |  |  |  |  |
Black Diamond | $ | 1,061 |  | $ | 1,111 |  | $ | 1,099
Sierra |  | 3,009 |  |  | 2,441 |  |  | 2,774
Total amortization | $ | 4,070 |  | $ | 3,552 |  | $ | 3,873

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration