ESCALADE INC Segments Disclosure

Note 11 —    Operating Segment and Geographic Information

 

The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its interim president and chief executive officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net sales and consolidated net income to assess financial performance and allocate resources.

 

Reconciliation to net income:

 

In Thousands		2025				2024
Net Sales
Sporting Goods		$	240,158			$	251,510
Total Net Sales		$	240,158			$	251,510
Sporting Goods Segment Operating Expenses:
Cost of products sold		$	175,513			$	189,306
Other operating expenses			43,299				39,116
Sporting Goods segment expenses			218,812				228,422
Sporting Goods Segment Operating Income			21,346				23,088
Unallocated corporate expense			(2,619	)			(3,084	)
Total Operating Income		$	18,727			$	20,004
Consolidated Other Income (Expense):
Interest expense			(836	)			(2,302	)
Other income			131				74
Total Income Before Income Taxes		$	18,022			$	17,776
Sporting Goods Segment Provision for Income Taxes			5,671				5,732
Unallocated benefit for taxes			(1,350	)			(942	)
Total Net Income		$	13,701			$	12,986
Identifiable Assets
Sporting Goods		$	206,889			$	217,941
Corporate			15,220				8,389
Total Identifiable Assets		$	222,109			$	226,330
Depreciation and Amortization
Sporting Goods		$	5,063			$	6,041
Unallocated corporate			-				-
Total Depreciation and Amortization		$	5,063			$	6,041
Capital Expenditures
Sporting Goods		$	2,512			$	2,038
Corporate			-				-
Total Capital Expenditures		$	2,512			$	2,038

 

There were no changes to the composition of segments in 2025. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies.

 

The Sporting Goods segment consists of home entertainment products such as table tennis tables and accessories; basketball goals; pickleball; pool tables and accessories; outdoor playsets; water sports; soccer and hockey tables; archery equipment and accessories; and fitness, arcade and darting products. Customers include retailers, dealers and wholesalers located throughout North America, Europe and the rest of the world.

 

All Other consists of general and administrative expenses not specifically related to the operating business segment.

 

During 2025 and 2024, the Company had one customer that accounted for approximately 19% of the Company’s revenues. During 2025 and 2024, the Company had another customer which accounted for approximately 11% and 13%, respectively, of the Company’s revenues.

 

As of December 31, 2025 and December 31, 2024, the Company had approximately 23% and 25%, respectively, of its total accounts receivable with one customer.

 

Net sales are attributed to country based on location of customer. Net sales by geographic region/country were as follows:

 

In Thousands		2025				2024
United States		$	228,611			$	239,472
Canada			5,668				5,579
Australia			1,513				1,669
Other			4,366				4,790
		$	240,158			$	251,510