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OPERATING SEGMENT INFORMATION

3 Months Ended

Apr. 03, 2021

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:

	Three Months Ended
(in thousands)	April 3, 2021	March 28, 2020
Net Sales
Firearms	$183,603	$122,765
Castings
Unaffiliated	774	874
Intersegment	7,070	4,773
	7,844	5,647
Eliminations	(7,070)	(4,773)
	$184,377	$123,639

Income (Loss) Before Income Taxes
Firearms	$52,486	$20,478
Castings	(161)	(210)
Corporate	65	543
	$52,390	$20,811

	April 3, 2021	December 31, 2020
Identifiable Assets
Firearms	$184,249	$174,500
Castings	13,031	11,959
Corporate	166,849	161,799
	$364,129	$348,258

- 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
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details