10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001174947-16-002976`
Period End Date	20160630
Filing Date	20160802
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	rgr-20160702.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 64 Cash Flow Statement 62 Stockholders Equity 14

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	5.06M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.06M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.90M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.12M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$103.07M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$64.98M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$71.72M	USD	Point-in-time
Gross inventories	`InventoryGross`	$84.61M	USD	Point-in-time
Gross inventories	`InventoryGross`	$81.28M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$43.26M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$42.06M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$2.12M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$2.57M	USD	Point-in-time
Net inventories	`InventoryNet`	$37.10M	USD	Point-in-time
Net inventories	`InventoryNet`	$38.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$8.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$10.47M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.01M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.51M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$189.27M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$219.81M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$309.47M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$308.60M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$204.78M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$210.63M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$103.82M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$98.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$22.79M	USD	Point-in-time
Total Assets	`Assets`	$315.88M	USD	Point-in-time
Total Assets	`Assets`	$343.71M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$50.36M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$42.99M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$941.00K	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$642.00K	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$22.98M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$28.30M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$4.60M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.10M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$185.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.96M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$79.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$81.99M	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$102.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$92.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$6.05M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$9.72M	USD	Point-in-time
Contingent liabilities - Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities - Note 10	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$24.03M	USD	Point-in-time
Common Stock	`CommonStockValue`	$23.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$25.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$29.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$269.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$239.10M	USD	Point-in-time
Less: Treasury stock at cost 2016 5,062,347 shares 2015 5,062,347 shares	`TreasuryStockValue`	$64.73M	USD	Point-in-time
Less: Treasury stock at cost 2016 5,062,347 shares 2015 5,062,347 shares	`TreasuryStockValue`	$64.73M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$254.83M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$227.74M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$343.71M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$315.88M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`SalesRevenueGoodsNet`	$167.94M	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	$140.87M	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	$341.05M	USD	2 Qtrs
Total net sales	`SalesRevenueGoodsNet`	$277.83M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$111.25M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$225.25M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$92.36M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$187.92M	USD	2 Qtrs
Gross profit	`GrossProfit`	$48.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$115.81M	USD	2 Qtrs
Gross profit	`GrossProfit`	$89.91M	USD	2 Qtrs
Gross profit	`GrossProfit`	$56.69M	USD	1 Quarter
Selling	`SellingExpense`	$12.81M	USD	1 Quarter
Selling	`SellingExpense`	$25.09M	USD	2 Qtrs
Selling	`SellingExpense`	$14.86M	USD	1 Quarter
Selling	`SellingExpense`	$27.88M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.96M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.33M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.24M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$43.12M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$39.42M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$21.82M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$72.68M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$36.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$50.49M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$26.69M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-37.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-77.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-70.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-35.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.09M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$499.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$293.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$617.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$1.01M	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$429.00K	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$580.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$258.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$73.11M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.74M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$51.50M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.27M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$9.71M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$13.23M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$26.32M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$18.43M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$33.06M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$46.79M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$17.56M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$23.52M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.94	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.44	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.77	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.24	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.42	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.22	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.71	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.32	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.49	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.83	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.48	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$33.06M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$46.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$17.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.69M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.84M	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$452.00K	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$-1.01M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.37M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$700.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.30M	USD	2 Qtrs
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$157.00K	USD	2 Qtrs
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$-1.18M	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$1.41M	USD	2 Qtrs
Impairment of assets	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$12.00K	USD	2 Qtrs
Impairment of assets	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$-10.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$4.38M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-6.74M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.51M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.14M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.88M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.92M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.48M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.88M	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-401.00K	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$289.00K	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.13M	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-8.79M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.67M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.78M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$66.09M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$80.86M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.33M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.26M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$218.00K	USD	2 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.33M	USD	2 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.04M	USD	2 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$305.00K	USD	2 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.82M	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.00M	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.00M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$97.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.84M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.16M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.74M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-20.92M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.60M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$52.22M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.84M	USD	2 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`	$61.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	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`	$61.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$254.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$227.74M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$33.06M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$46.79M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$17.56M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$23.52M	USD	1 Quarter
Dividends paid	`DividendsCommonStock`	$15.74M	USD	2 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$159.00K	USD	2 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.37M	USD	2 Qtrs
Vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$-14.00M	USD	2 Qtrs
Tax benefit realized from vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$8.83M	USD	2 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Balance	`StockholdersEquity`	$254.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$227.74M	USD	Point-in-time

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