10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0000891092-19-008128`
Period End Date	20190630
Filing Date	20190731
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	e6011-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 68 Cash Flow Statement 58 Stockholders Equity 13

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	6.67M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.67M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$131.71M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$63.49M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$99.56M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$114.33M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$41.49M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$45.03M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$92.62M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$80.29M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$47.53M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$46.34M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.62M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$2.53M	USD	Point-in-time
Net inventories	`InventoryNet`	$41.47M	USD	Point-in-time
Net inventories	`InventoryNet`	$31.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.92M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$232.19M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$220.49M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$357.77M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$358.76M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$286.06M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$276.05M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$71.72M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$82.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.66M	USD	Point-in-time
Total Assets	`Assets`	$320.92M	USD	Point-in-time
Total Assets	`Assets`	$335.53M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.02M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.53M	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$7.48M	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$1.27M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.22M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.07M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$12.72M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$20.73M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.24M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.34M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.19M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$42.98M	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$99.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$73.00K	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	$2.03M	USD	Point-in-time
Contingent liabilities (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$35.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$350.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$359.63M	USD	Point-in-time
Less: Treasury stock - at cost 2019 - 6,665,398 shares 2018 - 6,665,398 shares	`TreasuryStockValue`	$143.59M	USD	Point-in-time
Less: Treasury stock - at cost 2019 - 6,665,398 shares 2018 - 6,665,398 shares	`TreasuryStockValue`	$143.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$264.24M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$275.84M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`Revenues`	$128.41M	USD	1 Quarter
Total net sales	`Revenues`	$210.37M	USD	2 Qtrs
Total net sales	`Revenues`	$96.33M	USD	1 Quarter
Total net sales	`Revenues`	$259.57M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$155.47M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$187.15M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$91.81M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$74.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$72.42M	USD	2 Qtrs
Gross profit	`GrossProfit`	$22.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.90M	USD	2 Qtrs
Gross profit	`GrossProfit`	$36.60M	USD	1 Quarter
Selling	`SellingExpense`	$7.26M	USD	1 Quarter
Selling	`SellingExpense`	$15.40M	USD	2 Qtrs
Selling	`SellingExpense`	$18.12M	USD	2 Qtrs
Selling	`SellingExpense`	$9.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.59M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.33M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.57M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.23M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$30.98M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$34.45M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$37.96M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$7.46M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$19.37M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.92M	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$1.36M	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$682.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-25.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-49.00K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-22.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-51.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$703.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.03M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$288.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$582.00K	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$945.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$681.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$1.89M	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$986.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.95M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.81M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$9.50M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$4.86M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.18M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$6.54M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$15.19M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$6.23M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.69	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.68	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.09	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.32	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.55	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.57	USD	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.97M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.34M	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$1.10M	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$-348.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.67M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.17M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-53.00K	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$1.12M	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$-513.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-9.94M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-3.54M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.05M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$11.14M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-10.80M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.74M	USD	2 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$4.45M	USD	2 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$-6.20M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.24M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.12M	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$117.00K	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$73.00K	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.16M	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-155.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.34M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.22M	USD	2 Qtrs
Cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$81.00M	USD	2 Qtrs
Cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.42M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.36M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.89M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$118.97M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$133.74M	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	2 Qtrs
Cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	2 Qtrs
Cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$10.89M	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$816.00K	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$779.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.96M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.60M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.41M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.73M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.27M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$68.22M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$131.71M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$131.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.49M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$264.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$275.84M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$15.19M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$6.23M	USD	1 Quarter
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Vesting of RSUs	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$780.00K	USD	2 Qtrs
Dividends paid	`DividendsCommonStock`	$9.96M	USD	2 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$106.00K	USD	2 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.17M	USD	2 Qtrs
Balance	`StockholdersEquity`	$264.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$275.84M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.