10-Q/A Filing

STURM RUGER & CO INC CIK: 95029 Q3 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001174947-13-000381`
Period End Date	20130930
Filing Date	20131105
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	rgr-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 68 Cash Flow Statement 60 Stockholders Equity 14

Balance Sheet 66 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	`CashAndCashEquivalentsAtCarryingValue`	$75.12M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.98M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$54.26M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$81.06M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$63.83M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$43.02M	USD	Point-in-time
Gross inventories	`InventoryGross`	$61.08M	USD	Point-in-time
Gross inventories	`InventoryGross`	$55.83M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$38.09M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$39.15M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$1.97M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$1.73M	USD	Point-in-time
Net inventories	`InventoryNet`	$16.01M	USD	Point-in-time
Net inventories	`InventoryNet`	$19.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$6.82M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$5.28M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.03M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.63M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$96.92M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$147.91M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$195.71M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$225.95M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$129.72M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$142.96M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$65.99M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$82.99M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.48M	USD	Point-in-time
Total Assets	`Assets`	$174.49M	USD	Point-in-time
Total Assets	`Assets`	$250.38M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.50M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$39.55M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$720.00K	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.29M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$15.18M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.66M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$4.60M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$4.25M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$489.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.39M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$80.14M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$59.49M	USD	Point-in-time
Accrued pension liability	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$17.22M	USD	Point-in-time
Accrued pension liability	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$19.63M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$137.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$279.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$337.00K	USD	Point-in-time
Contingent liabilities - Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities - Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$123.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$177.15M	USD	Point-in-time
Less: Treasury stock - at cost 2013 and 2012 - 4,299,434 shares	`TreasuryStockValue`	$37.88M	USD	Point-in-time
Less: Treasury stock - at cost 2013 and 2012 - 4,299,434 shares	`TreasuryStockValue`	$37.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.62M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$152.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$95.03M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$250.38M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$174.49M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$170.94M	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$506.38M	USD	3 Qtrs
Net Sales	`SalesRevenueGoodsNet`	$118.15M	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$350.06M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$75.59M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$108.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$220.56M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$311.40M	USD	3 Qtrs
Gross profit	`GrossProfit`	$42.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$194.97M	USD	3 Qtrs
Gross profit	`GrossProfit`	$62.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$129.49M	USD	3 Qtrs
Selling	`SellingExpense`	$9.66M	USD	1 Quarter
Selling	`SellingExpense`	$28.00M	USD	3 Qtrs
Selling	`SellingExpense`	$37.25M	USD	3 Qtrs
Selling	`SellingExpense`	$7.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$24.97M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.15M	USD	3 Qtrs
Other operating expenses	`OtherExpenses`	$377.00K	USD	3 Qtrs
Other operating expenses	`OtherExpenses`	$49.00K	USD	3 Qtrs
Other operating expenses	`OtherExpenses`	$287.00K	USD	1 Quarter
Other operating expenses	`OtherExpenses`	$166.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.53M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$62.27M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$44.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$132.71M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$27.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$79.96M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-95.00K	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`	$-40.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$800.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$769.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$408.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$319.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$738.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$368.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$674.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$301.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.15M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$133.38M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$80.70M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.54M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$16.48M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$48.68M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$29.86M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$10.19M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$50.84M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$17.35M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$28.67M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$84.70M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$4.38	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.66	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.48	USD	1 Quarter
Fully diluted earnings per share	`EarningsPerShareDiluted`	$1.44	USD	1 Quarter
Fully diluted earnings per share	`EarningsPerShareDiluted`	$4.25	USD	3 Qtrs
Fully diluted earnings per share	`EarningsPerShareDiluted`	$2.58	USD	3 Qtrs
Fully diluted earnings per share	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.65	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$1.54	USD	3 Qtrs
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`	$17.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$84.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.15M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.18M	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$446.00K	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$237.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.97M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.30M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.32M	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$99.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$65.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$607.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-265.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$20.82M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$5.25M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.60M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.20M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.57M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$709.00K	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.71M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$15.35M	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$508.00K	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-352.00K	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInPrepaidExpenseOtherAssetsAndOtherLiabilities`	$14.31M	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`	$2.90M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$61.79M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$83.74M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.32M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.60M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$65.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$120.00K	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireHeldToMaturitySecurities`	$59.97M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$29.99M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	-	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.22M	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.48M	USD	3 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.04M	USD	3 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.29M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.04M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.41M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$29.86M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$17.50M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.50M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.98M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.93M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.28M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.26M	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`	$75.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.26M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.06M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$152.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$50.84M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$17.35M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$28.67M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$84.70M	USD	3 Qtrs
Dividends paid	`DividendsCommonStock`	$-29.86M	USD	3 Qtrs
Accrued dividends	`DividendsPaidinkind`	$-1.13M	USD	3 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.97M	USD	3 Qtrs
Exercise of stock options and vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$-2.41M	USD	3 Qtrs
Tax benefit realized from exercise of stock options and vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$2.29M	USD	3 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Balance	`StockholdersEquity`	$152.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$95.03M	USD	Point-in-time

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