10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001174947-12-000427`
Period End Date	20120930
Filing Date	20121031
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	rgr-20120929.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 64 Cash Flow Statement 60 Stockholders Equity 13

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	4.30M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.12M	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`	$29.97M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$42.23M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$47.47M	USD	Point-in-time
Gross inventories	`InventoryGross`	$49.00M	USD	Point-in-time
Gross inventories	`InventoryGross`	$53.52M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$37.48M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$38.44M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$1.71M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$1.31M	USD	Point-in-time
Net inventories	`InventoryNet`	$13.37M	USD	Point-in-time
Net inventories	`InventoryNet`	$10.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$4.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$5.78M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.73M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$172.52M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$146.24M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$189.14M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$169.14M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$116.19M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$126.01M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$52.95M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$63.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$32.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.92M	USD	Point-in-time
Total Assets	`Assets`	$206.51M	USD	Point-in-time
Total Assets	`Assets`	$247.78M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$31.33M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.59M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.00M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.30M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$16.59M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.88M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$4.43M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$4.60M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$217.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$848.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$54.21M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$49.60M	USD	Point-in-time
Accrued pension liability	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$19.14M	USD	Point-in-time
Accrued pension liability	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$19.08M	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$389.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$441.00K	USD	Point-in-time
Contingent liabilities - Note 11	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities - Note 11	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$23.38M	USD	Point-in-time
Common Stock	`CommonStockValue`	$23.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$10.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$202.33M	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`	$37.88M	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`	$-27.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.54M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$174.05M	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`	$247.78M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$118.15M	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$80.51M	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$350.06M	USD	3 Qtrs
Net Sales	`SalesRevenueGoodsNet`	$235.57M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$75.59M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$51.38M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$153.99M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$220.56M	USD	3 Qtrs
Gross profit	`GrossProfit`	$81.59M	USD	3 Qtrs
Gross profit	`GrossProfit`	$29.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$129.49M	USD	3 Qtrs
Gross profit	`GrossProfit`	$42.56M	USD	1 Quarter
Selling	`SellingExpense`	$28.00M	USD	3 Qtrs
Selling	`SellingExpense`	$7.89M	USD	1 Quarter
Selling	`SellingExpense`	$19.96M	USD	3 Qtrs
Selling	`SellingExpense`	$6.58M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.54M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.22M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$15.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.54M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$12.24M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$35.18M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$46.41M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$27.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$79.95M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-18.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-62.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-54.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-21.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$319.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$813.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$466.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$177.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$751.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$412.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$156.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$301.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.04M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.54M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.82M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$80.70M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$29.86M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$6.31M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$10.19M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$17.32M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$50.84M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$29.50M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$10.74M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$17.35M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.66	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.56	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Fully diluted earnings per share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Fully diluted earnings per share	`EarningsPerShareDiluted`	$2.58	USD	3 Qtrs
Fully diluted earnings per share	`EarningsPerShareDiluted`	$1.55	USD	3 Qtrs
Fully diluted earnings per share	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.91	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.38	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$50.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$29.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.35M	USD	1 Quarter
Depreciation	`Depreciation`	$10.15M	USD	3 Qtrs
Depreciation	`Depreciation`	$8.79M	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$-35.00K	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$446.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.11M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.32M	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$82.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$65.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.38M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-265.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$1.86M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$5.25M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.11M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.60M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.57M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.87M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.01M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.71M	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-352.00K	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$454.00K	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInPrepaidExpenseOtherAssetsAndOtherLiabilities`	$4.42M	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInPrepaidExpenseOtherAssetsAndOtherLiabilities`	$-1.66M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$631.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.15M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$42.97M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.79M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.32M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.21M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$127.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$65.00K	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireHeldToMaturitySecurities`	$122.98M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireHeldToMaturitySecurities`	$59.97M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$29.99M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$149.47M	USD	3 Qtrs
Cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.22M	USD	3 Qtrs
Cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$14.41M	USD	3 Qtrs
Tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.04M	USD	3 Qtrs
Tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.09M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.00M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Payment of employee withholding tax related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.04M	USD	3 Qtrs
Payment of employee withholding tax related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.78M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.47M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$17.50M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.17M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.50M	USD	3 Qtrs
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.21M	USD	3 Qtrs
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.93M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.12M	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`	$53.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$75.12M	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 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$174.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$137.39M	USD	Point-in-time
Net income	`NetIncomeLoss`	$50.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$29.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.35M	USD	1 Quarter
Dividends paid	`DividendsCommonStock`	$-10.27M	USD	3 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.10M	USD	3 Qtrs
Employee withholding tax related to share-based compensation	`AdjustmentsToAdditionalPaidInCapitalEmployeeWithholdingTaxRelatedToShareBasedCompensation`	$-1.04M	USD	3 Qtrs
Tax benefit realized from exercise of stock options and vesting of RSU?s	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$1.04M	USD	3 Qtrs
Common stock issued ? compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Balance	`StockholdersEquity`	$174.05M	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.