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Segment Information | 6 Months Ended
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Jun. 30, 2021
Segment Information [Abstract] |
Segment Information | NOTE 15. 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:
| Three Months Ended |  | Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Climb | 30 | % |  | 38 | % |  | 28 | % |  | 38 | %
Mountain | 25 | % |  | 22 | % |  | 26 | % |  | 27 | %
Ski | 6 | % |  | 7 | % |  | 11 | % |  | 14 | %
Sport | 39 | % |  | 33 | % |  | 35 | % |  | 21 | %
Financial information for our segments is as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Sales to external customers: |  |  |  |  |  |  |  |  |  |  |
Black Diamond |  |  |  |  |  |  |  |  |  |  |
Domestic sales | $ | 25,232 |  | $ | 11,740 |  | $ | 50,992 |  | $ | 34,428
International sales |  | 19,660 |  |  | 8,462 |  |  | 45,696 |  |  | 31,569
Total Black Diamond |  | 44,892 |  |  | 20,202 |  |  | 96,688 |  |  | 65,997
Sierra |  |  |  |  |  |  |  |  |  |  |
Domestic sales |  | 26,644 |  |  | 8,519 |  |  | 48,457 |  |  | 14,379
International sales |  | 1,773 |  |  | 1,293 |  |  | 3,495 |  |  | 3,193
Total Sierra |  | 28,417 |  |  | 9,812 |  |  | 51,952 |  |  | 17,572
Total sales to external customers |  | 73,309 |  |  | 30,014 |  |  | 148,640 |  |  | 83,569
Segment operating income (loss): |  |  |  |  |  |  |  |  |  |  |
Black Diamond |  | 657 |  |  | (4,000) |  |  | 4,102 |  |  | (2,326)
Sierra |  | 10,017 |  |  | 2,346 |  |  | 15,979 |  |  | 3,818
Total segment operating income (loss) |  | 10,674 |  |  | (1,654) |  |  | 20,081 |  |  | 1,492
Transaction costs |  | (649) |  |  | (180) |  |  | (1,125) |  |  | (430)
Corporate and other expenses |  | (7,818) |  |  | (1,797) |  |  | (11,200) |  |  | (4,332)
Interest expense, net |  | (212) |  |  | (257) |  |  | (450) |  |  | (568)
Income (loss) before income tax | $ | 1,995 |  | $ | (3,888) |  | $ | 7,306 |  | $ | (3,838)
There were no intercompany sales between the Black Diamond and Sierra segments for the periods presented. Total assets by segment, as of June 30, 2021 and December 31, 2020, were as follows:
|  |  |  |  |  |  | June 30, 2021 |  | December 31, 2020
Black Diamond |  |  |  |  |  |  | $ | 143,118 |  | $ | 141,746
Sierra |  |  |  |  |  |  |  | 133,069 |  |  | 113,430
Corporate |  |  |  |  |  |  |  | 18,022 |  |  | 25,515
|  |  |  |  |  |  | $ | 294,209 |  | $ | 280,691
Capital expenditures, depreciation and amortization by segment is as follows.
| Three Months Ended |  | Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |
Black Diamond | $ | 580 |  | $ | 316 |  | $ | 1,272 |  | $ | 1,305
Sierra |  | 1,298 |  |  | 403 |  |  | 1,953 |  |  | 716
Total capital expenditures | $ | 1,878 |  | $ | 719 |  | $ | 3,225 |  | $ | 2,021
Depreciation: |  |  |  |  |  |  |  |  |  |  |
Black Diamond | $ | 694 |  | $ | 703 |  | $ | 1,407 |  | $ | 1,388
Sierra |  | 655 |  |  | 445 |  |  | 1,298 |  |  | 877
Total depreciation | $ | 1,349 |  | $ | 1,148 |  | $ | 2,705 |  | $ | 2,265
Amortization: |  |  |  |  |  |  |  |  |  |  |
Black Diamond | $ | 258 |  | $ | 269 |  | $ | 517 |  | $ | 545
Sierra |  | 939 |  |  | 496 |  |  | 1,877 |  |  | 992
Total amortization | $ | 1,197 |  | $ | 765 |  | $ | 2,394 |  | $ | 1,537

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- 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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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