Exhibit 21

ESCALADE, INCORPORATED AND SUBSIDIARIES

List of Subsidiaries at December 29, 2012

	State of or Other	Percent of Voting
	Jurisdiction of	Securities Owned
	Incorporation	by Parent
Parent
Escalade, Incorporated	Indiana, USA
Subsidiaries (1)
Indian Industries, Inc.	Indiana, USA		100	%
U.S. Weight, Inc.	Illinois, USA		100	%
Harvard Sports, Inc.	California, USA		100	%
Harvard California, S. DE R.L. C.V.	B.C. Mexico		100	%
Bear Archery, Inc.	Florida, USA		100	%
Escalade Sports Playground, Inc.	North Carolina, USA		100	%
Escalade Sports (Shanghai) Co., Ltd.	China		100	%
Martin Yale Industries, Inc.	Indiana, USA		100	%
Olympia Business Systems	Delaware, USA		100	%
Martin Yale International, GmbH	Germany		100	%
Martin Yale International Ltd	England		100	%
Martin Yale Iberica, S.L.	Spain		100	%
Martin Yale Africa Quality Office and Graphics Products Ltd	South Africa		100	%
Martin Yale Nordic AB	Sweden		100	%
Martin Yale Italia, S.R.L.	Italy		100	%
Martin Yale International Trading (Beijing) Limited	China		100	%
EIM Company, Inc.	Nevada, USA		100	%
SOP Services, Inc.	Nevada, USA		100	%
Escalade Insurance, Inc.	Nevada, USA		100	%
Stiga Sports AB	Sweden		50	%

(1) Each subsidiary Company so designated has been included in Consolidated Financial Statements for all periods following its acquisition. See Notes to Consolidated Financial Statements.