Exhibit 21

ESCALADE, INCORPORATED AND SUBSIDIARIES

List of Subsidiaries at December 27, 2014

	State of or Other Jurisdiction of Incorporation	Percent of Voting Securities Owned 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	%
Wedcor Holdings, Inc.	Indiana, USA		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.