OPERATING SEGMENT INFORMATION

3 Months Ended

Apr. 02, 2016

OPERATING SEGMENT INFORMATION [Abstract]

NOTE 9 - 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 2, 2016			March 28, 2015
Net Sales
Firearms	$	171,520		$	135,579
Castings
Unaffiliated		1,589			1,375
Intersegment		8,949			7,544
		10,538			8,919
Eliminations		(8,949	)		(7,544	)
	$	173,109		$	136,954

Income (Loss) Before Income Taxes
Firearms	$	36,371		$	25,431
Castings		(68	)		((1,471	)
Corporate		69			263
	$	36,372		$	24,223

		April 2, 2016			December 31, 2015
Identifiable Assets
Firearms	$	219,586		$	221,670
Castings		15,652			15,289
Corporate		90,185			78,924
	$	325,423		$	315,883

- 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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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+ Details