v3.23.1
Operating Segment Information
3 Months Ended
Apr. 01, 2023
Operating Segment Information [Abstract]  
OPERATING SEGMENT INFORMATION

NOTE 11 - 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
   April 1,2023  April 2,2022
Net Sales          
Firearms  $148,893   $165,933 
Castings          
Unaffiliated   560    642 
Intersegment   8,367    4,813 
    8,927    5,455 
Eliminations   (8,367)   (4,813)
   $149,453   $166,575 
           
Income (Loss) Before Income Taxes          
Firearms  $18,353   $39,695 
Castings   (1,107)   (383)
Corporate   1,246    207 
   $18,492   $39,519 
           
Depreciation          
Firearms  $5,676   $5,810 
Castings   553    578 
   $6,229   $6,388 
           
Capital Expenditures          
Firearms  $1,649   $10,307 
Castings   3    574 
   $1,652   $10,881 

 

   April 1, 2023  December 31, 2022
Identifiable Assets          
Firearms  $217,193   $223,301 
Castings   9,866    11,910 
Corporate   162,038    249,552 
   $389,097   $484,763 
Goodwill          
Firearms  $3,055   $3,055 
Castings   209    209 
   $3,264   $3,264