10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001174947-12-000329`
Period End Date	20120630
Filing Date	20120801
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	rgr-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 43 Cash Flow Statement 41 Stockholders Equity 12

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.06M	USD	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	-	USD	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	-	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$42.23M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.30M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.30M	shares	Point-in-time
Gross inventories	`InventoryGross`	$49.00M	USD	Point-in-time
Gross inventories	`InventoryGross`	-	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	-	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$37.48M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$1.31M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	-	USD	Point-in-time
Net inventories	`InventoryNet`	-	USD	Point-in-time
Net inventories	`InventoryNet`	$10.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$146.24M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	-	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$169.14M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$116.19M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$52.95M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$32.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.29M	USD	Point-in-time
Total Assets	`Assets`	$206.51M	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.59M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	-	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.30M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.88M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$4.60M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$217.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$49.60M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	-	USD	Point-in-time
Accrued pension liability	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	-	USD	Point-in-time
Accrued pension liability	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$19.08M	USD	Point-in-time
Product liability accrual	`ProductLiabilityAccrualNoncurrent`	$441.00K	USD	Point-in-time
Product liability accrual	`ProductLiabilityAccrualNoncurrent`	-	USD	Point-in-time
Contingent liabilities - Note 11	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities - Note 11	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$168.98M	USD	Point-in-time
Less: Treasury stock - at cost 2012 - 4,299,434 shares 2011 - 4,299,434 shares	`TreasuryStockValue`	-	USD	Point-in-time
Less: Treasury stock - at cost 2012 - 4,299,434 shares 2011 - 4,299,434 shares	`TreasuryStockValue`	$-37.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.54M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$137.39M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$137.39M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$206.51M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`SalesRevenueGoodsNet`	$79.62M	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	-	USD	2 Qtrs
Total net sales	`SalesRevenueGoodsNet`	$155.06M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$51.16M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$102.60M	USD	2 Qtrs
Gross profit	`GrossProfit`	$28.46M	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$52.46M	USD	2 Qtrs
Selling	`SellingExpense`	$13.38M	USD	2 Qtrs
Selling	`SellingExpense`	-	USD	1 Quarter
Selling	`SellingExpense`	$6.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.56M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$22.94M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$29.52M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$17.06M	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-33.00K	USD	2 Qtrs
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-13.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$290.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$114.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$257.00K	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$101.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.78M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.16M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$6.35M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$11.02M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$18.76M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$10.81M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	-	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.00	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Fully diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.99	USD	2 Qtrs
Fully diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Fully diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.15	USD	2 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.76M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	-	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$5.86M	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	-	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$-176.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.25M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$7.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.11M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$292.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.95M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.30M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-580.00K	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$135.00K	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInPrepaidExpenseOtherAssetsAndOtherLiabilities`	$3.43M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.50M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$32.37M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.72M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireHeldToMaturitySecurities`	$47.50M	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$35.50M	USD	2 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-19.70M	USD	2 Qtrs
Tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.44M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.00M	USD	2 Qtrs
Payment of employee withholding tax related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.43M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.77M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.76M	USD	2 Qtrs
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.91M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.06M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$137.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$137.39M	USD	Point-in-time
Net income	`NetIncomeLoss`	$18.76M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	-	USD	2 Qtrs
Dividends paid	`DividendsCommonStock`	-	USD	2 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	-	USD	2 Qtrs
Employee withholding tax related to share-based compensation	`AdjustmentsToAdditionalPaidInCapitalEmployeeWithholdingTaxRelatedToShareBasedCompensation`	-	USD	2 Qtrs
Tax benefit realized from exercise of stock options and vesting of RSU's	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	-	USD	2 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Balance	`StockholdersEquity`	$137.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$137.39M	USD	Point-in-time

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