10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001174947-17-001451`
Period End Date	20170930
Filing Date	20171031
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	rgr-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 64 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	5.35M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.67M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$101.36M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$45.36M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$53.15M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$69.44M	USD	Point-in-time
Gross inventories	`InventoryGross`	$99.92M	USD	Point-in-time
Gross inventories	`InventoryGross`	$99.42M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$44.72M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$42.54M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$2.34M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.03M	USD	Point-in-time
Net inventories	`InventoryNet`	$54.53M	USD	Point-in-time
Net inventories	`InventoryNet`	$52.17M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$153.28M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$214.76M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$331.64M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$344.63M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$227.40M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$252.98M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$91.64M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$104.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$334.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$27.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$32.60M	USD	Point-in-time
Total Assets	`Assets`	$346.88M	USD	Point-in-time
Total Assets	`Assets`	$277.53M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.84M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$48.49M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.17M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.73M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$25.47M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.69M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.20M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.05M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.58M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$54.33M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$80.89M	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$100.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$86.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$591.00K	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`	$24.09M	USD	Point-in-time
Common Stock	`CommonStockValue`	$24.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$314.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$293.40M	USD	Point-in-time
Less: Treasury stock - at cost 2017 - 6,665,398 shares 2016 - 5,345,690 shares	`TreasuryStockValue`	$78.75M	USD	Point-in-time
Less: Treasury stock - at cost 2017 - 6,665,398 shares 2016 - 5,345,690 shares	`TreasuryStockValue`	$143.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$265.90M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$222.51M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$346.88M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$277.53M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`SalesRevenueGoodsNet`	$104.82M	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	$404.03M	USD	3 Qtrs
Total net sales	`SalesRevenueGoodsNet`	$161.43M	USD	1 Quarter
Total net sales	`SalesRevenueGoodsNet`	$502.48M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$74.60M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$283.11M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$336.42M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$111.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$30.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$166.06M	USD	3 Qtrs
Gross profit	`GrossProfit`	$120.91M	USD	3 Qtrs
Gross profit	`GrossProfit`	$50.25M	USD	1 Quarter
Selling	`SellingExpense`	$13.38M	USD	1 Quarter
Selling	`SellingExpense`	$36.65M	USD	3 Qtrs
Selling	`SellingExpense`	$41.26M	USD	3 Qtrs
Selling	`SellingExpense`	$10.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.78M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.05M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$63.31M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$58.43M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$20.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$102.75M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$62.48M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$30.07M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.32M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-30.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-32.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-102.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-96.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$154.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$917.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$935.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$418.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$386.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$839.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$124.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$815.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.45M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.44M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$63.32M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$103.57M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$4.07M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$21.53M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$10.60M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$36.92M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$41.79M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$66.64M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$9.37M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$19.85M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$3.51	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$2.34	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.05	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$3.48	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.32	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.03	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$1.15	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.49	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$1.32	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$41.79M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$66.64M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.03M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.26M	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$694.00K	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$630.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.65M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.21M	USD	3 Qtrs
Loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-50.00K	USD	3 Qtrs
Loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-31.00K	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$925.00K	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$2.52M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-16.29M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.40M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.67M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.11M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.76M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.80M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.67M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.03M	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-549.00K	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$806.00K	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.26M	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.34M	USD	3 Qtrs
Income taxes payable and prepaid income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.58M	USD	3 Qtrs
Income taxes payable and prepaid income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-8.78M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$85.39M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$59.01M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.21M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.05M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.20M	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.04M	USD	3 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.83M	USD	3 Qtrs
Tax benefit from exercise of stock options and vesting of RSU's	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.00M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.48M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$64.85M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$25.04M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$20.25M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.21M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-87.58M	USD	3 Qtrs
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.77M	USD	3 Qtrs
(Decrease) Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.14M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$101.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$101.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.36M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Repurchase of common stock, shares	`TreasuryStockSharesAcquired`	1.32M	shares	3 Qtrs
Balance	`StockholdersEquity`	$265.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$222.51M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$41.79M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$66.64M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$9.37M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$19.85M	USD	1 Quarter
Dividends paid	`DividendsCommonStock`	$20.25M	USD	3 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$254.00K	USD	3 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.65M	USD	3 Qtrs
Vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.48M	USD	3 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Repurchase of 1,319,708 shares of common stock	`TreasuryStockValueAcquiredCostMethod`	$64.85M	USD	3 Qtrs
Balance	`StockholdersEquity`	$265.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$222.51M	USD	Point-in-time

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