10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001174947-15-001602`
Period End Date	20150930
Filing Date	20151104
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	rgr-20150926.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 64 Cash Flow Statement 62 Stockholders Equity 16

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	5.06M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.98M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.90M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$55.06M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$28.05M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$60.25M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$52.98M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$49.73M	USD	Point-in-time
Gross inventories	`InventoryGross`	$89.02M	USD	Point-in-time
Gross inventories	`InventoryGross`	$85.53M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$40.58M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$42.31M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.75M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$2.46M	USD	Point-in-time
Net inventories	`InventoryNet`	$44.69M	USD	Point-in-time
Net inventories	`InventoryNet`	$40.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$7.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$7.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.39M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$118.17M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$165.76M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$288.24M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$304.58M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$195.72M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$177.57M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$108.87M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$110.66M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.55M	USD	Point-in-time
Total Assets	`Assets`	$254.38M	USD	Point-in-time
Total Assets	`Assets`	$293.12M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$36.15M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$37.16M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$645.00K	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$641.00K	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$27.36M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.30M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.08M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.13M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$257.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$156.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$70.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$60.38M	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$204.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$99.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$8.38M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$8.33M	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`	$28.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$25.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$198.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$226.83M	USD	Point-in-time
Less: Treasury stock - at cost 2015 - 5,062,347 shares - 2014 - 4,980,247 shares	`TreasuryStockValue`	$61.89M	USD	Point-in-time
Less: Treasury stock - at cost 2015 - 5,062,347 shares - 2014 - 4,980,247 shares	`TreasuryStockValue`	$64.73M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$185.46M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$214.14M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$254.38M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$293.12M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`SalesRevenueGoodsNet`	$98.33M	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	$421.87M	USD	3 Qtrs
Total net sales	`SalesRevenueGoodsNet`	$120.87M	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	$398.70M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$74.59M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$274.78M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$286.65M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$86.86M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$123.92M	USD	3 Qtrs
Gross profit	`GrossProfit`	$135.21M	USD	3 Qtrs
Gross profit	`GrossProfit`	$34.01M	USD	1 Quarter
Selling	`SellingExpense`	$32.07M	USD	3 Qtrs
Selling	`SellingExpense`	$7.59M	USD	1 Quarter
Selling	`SellingExpense`	$34.26M	USD	3 Qtrs
Selling	`SellingExpense`	$9.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.21M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.17M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$55.47M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$54.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$68.45M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$9.96M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.96M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.98M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-37.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-36.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-110.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-113.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.17M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$247.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.33M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$673.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$211.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$1.06M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$1.22M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$636.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$69.67M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$82.03M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$24.64M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$3.81M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$28.65M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$6.21M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$11.96M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$6.78M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$53.39M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$45.03M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$2.41	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.75	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Fully diluted earnings per share	`EarningsPerShareDiluted`	$2.69	USD	3 Qtrs
Fully diluted earnings per share	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Fully diluted earnings per share	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Fully diluted earnings per share	`EarningsPerShareDiluted`	$2.33	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.45	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.36	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$1.48	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.85	USD	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.39M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$45.03M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.69M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.82M	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$-1.13M	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$2.62M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.44M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.19M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.40M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$8.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$157.00K	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$-78.00K	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$511.00K	USD	3 Qtrs
Impairment of assets	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	3 Qtrs
Impairment of assets	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$32.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$3.25M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-21.54M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.06M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.05M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$956.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.41M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.59M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$8.60M	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-101.00K	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-360.00K	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-9.75M	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.82M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$131.00K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$101.00K	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$30.95M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$94.95M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.49M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.70M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$179.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$222.00K	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.27M	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-28.52M	USD	3 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$305.00K	USD	3 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.62M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.00M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.36M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$97.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$23.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.84M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.89M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.73M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-19.33M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-29.45M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.01M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.35M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.05M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.25M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Repurchase of common stock, shares	`TreasuryStockSharesAcquired`	82,100.00	shares	3 Qtrs
Balance	`StockholdersEquity`	$185.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$214.14M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$11.96M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$6.78M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$53.39M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$45.03M	USD	3 Qtrs
Dividends paid	`DividendsCommonStock`	$15.89M	USD	3 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$459.00K	USD	3 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.44M	USD	3 Qtrs
Exercise of stock options and vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$-903.00K	USD	3 Qtrs
Tax benefit realized from exercise of stock options and vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$305.00K	USD	3 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Repurchase of shares of common stock	`TreasuryStockValueAcquiredCostMethod`	$2.84M	USD	3 Qtrs
Balance	`StockholdersEquity`	$185.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$214.14M	USD	Point-in-time

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