XML 24 R10.htm IDEA: XBRL DOCUMENT
v3.25.2

DISCONTINUED OPERATIONS | 6 Months Ended
--- | ---
Jun. 30, 2025
DISCONTINUED OPERATIONS |
DISCONTINUED OPERATIONS | NOTE 3. DISCONTINUED OPERATIONS On February 29, 2024, the Company and Everest/Sapphire Acquisition, LLC, its wholly-owned subsidiary, completed the sale to Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company, of all of the equity associated with the Company’s Precision Sport segment, which is comprised of the Company’s subsidiaries Sierra and Barnes, pursuant to a Purchase and Sale Agreement dated as of December 29, 2023, by and among, Bullseye Acquisitions, LLC, Everest/Sapphire Acquisition, LLC and the Company (the “Precision Sport Purchase Agreement”). The Precision Sport segment engaged in the business of designing, developing, manufacturing, and marketing bullets and ammunition to the military, law enforcement, and commercial/consumer markets. Under the terms of the Precision Sport Purchase Agreement, the Buyer agreed to pay $175,000 in cash, which is subject to a customary working capital adjustment. The Company received $175,674 in cash under the terms of the Precision Sport Purchase Agreement, which included a preliminary working capital adjustment. As of December 31, 2024, the working capital adjustment had been finalized, with no changes from the preliminary working capital adjustment. The Company recognized a pre-tax gain on such sale of $40,585. The activities of the Precision Sport segment have been segregated and reported as discontinued operations for the six months ended June 30, 2024. There was no activity in discontinued operations during the three months ended June 30, 2024. Summarized results of discontinued operations for the Precision Sport segment are as follows: ​
​ | ​ | ​
​ | Six Months Ended
​ | June 30, 2024
​ | ​ | ​
Sales | $ | 10,585
Cost of goods sold | ​ | (6,543)
Selling, general and administrative | ​ | (2,062)
Restructuring charges | ​ | (3)
Transaction costs | ​ | (3,440)
Interest expense, net | ​ | (2,455)
Other, net | ​ | (38)
​ | ​ | ​
Loss from operations of discontinued operations | ​ | (3,956)
Gain on sale of discontinued operations | ​ | 40,585
​ | ​ | ​
Income from discontinued operations before taxes | ​ | 36,629
Income tax expense | ​ | 8,283
Income from discontinued operations, net of tax | $ | 28,346
​ In connection with the sale of the Precision Sport segment, all interest expense related to outstanding debt that was required to be repaid with the proceeds received from the sale pursuant to the terms of the Company’s credit facility is allocated to discontinued operations in our condensed consolidated financial statements for the six months ended June 30, 2024. Summarized cash flow information for the Precision Sport segment discontinued operations are as follows: ​
​ | ​ | ​
​ | Six Months Ended
​ | June 30, 2024
​ | ​ | ​
Stock-based compensation | $ | 5
Purchase of property and equipment | $ | 886
​

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

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration