10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001174947-18-001046`
Period End Date	20180630
Filing Date	20180801
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	rgr-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 64 Cash Flow Statement 56 Stockholders Equity 14

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	6.67M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.67M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$131.71M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$63.49M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$43.95M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$50.14M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$60.08M	USD	Point-in-time
Gross inventories	`InventoryGross`	$71.10M	USD	Point-in-time
Gross inventories	`InventoryGross`	$87.59M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$45.10M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$45.18M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$2.70M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$1.99M	USD	Point-in-time
Net inventories	`InventoryNet`	$39.71M	USD	Point-in-time
Net inventories	`InventoryNet`	$24.01M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.50M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$166.78M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$208.46M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$360.55M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$365.01M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$261.22M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$270.58M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$89.98M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$103.80M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$14.32M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.74M	USD	Point-in-time
Total Assets	`Assets`	$284.32M	USD	Point-in-time
Total Assets	`Assets`	$312.76M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.42M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.90M	USD	Point-in-time
Contract liability to customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$6.67M	USD	Point-in-time
Contract liability to customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$729.00K	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$813.00K	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$19.75M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.31M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.21M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.22M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$62.36M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$52.68M	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$78.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$90.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$889.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$1.40M	USD	Point-in-time
Contingent liabilities - Note 12	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities - Note 12	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$24.09M	USD	Point-in-time
Common Stock	`CommonStockValue`	$24.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$28.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$30.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$321.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$338.75M	USD	Point-in-time
Less: Treasury stock - at cost 2018 - 6,665,398 shares 2017 - 6,665,398 shares	`TreasuryStockValue`	$143.59M	USD	Point-in-time
Less: Treasury stock - at cost 2018 - 6,665,398 shares 2017 - 6,665,398 shares	`TreasuryStockValue`	$143.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$249.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$230.15M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$312.76M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$284.32M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`Revenues`	$299.21M	USD	2 Qtrs
Total net sales	`Revenues`	$259.57M	USD	2 Qtrs
Total net sales	`Revenues`	$131.85M	USD	1 Quarter
Total net sales	`Revenues`	$128.41M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$96.91M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$187.15M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$208.51M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$91.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$90.70M	USD	2 Qtrs
Gross profit	`GrossProfit`	$72.42M	USD	2 Qtrs
Gross profit	`GrossProfit`	$36.60M	USD	1 Quarter
Selling	`SellingExpense`	$12.51M	USD	1 Quarter
Selling	`SellingExpense`	$9.79M	USD	1 Quarter
Selling	`SellingExpense`	$18.12M	USD	2 Qtrs
Selling	`SellingExpense`	$26.04M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.49M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.33M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.45M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.45M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$41.53M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$17.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.96M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$49.17M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$15.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$19.37M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-66.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-49.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-32.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-22.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$426.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$780.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$703.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.03M	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$714.00K	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$681.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$394.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$986.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.95M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$49.88M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.69M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$17.46M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$5.49M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$9.50M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$4.86M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$32.42M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$10.20M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$15.19M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.81	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.69	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.68	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.79	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.32	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.92	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.55	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.48	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$32.42M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.65M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.34M	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$321.00K	USD	2 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$-348.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.64M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.67M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$4.00K	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-31.00K	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$-513.00K	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$428.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-13.88M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-9.94M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.97M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.05M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.16M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.74M	USD	2 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	-	USD	2 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$4.45M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.61M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.24M	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$73.00K	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-305.00K	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.70M	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-155.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.22M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$333.00K	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.91M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$81.00M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.88M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.36M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	2 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	2 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.87M	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.48M	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$816.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$53.47M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$16.25M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.60M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-72.21M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.41M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-43.17M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$68.22M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$131.71M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.95M	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`	$131.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.95M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$249.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$230.15M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$32.42M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$10.20M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$15.19M	USD	1 Quarter
Dividends paid	`DividendsCommonStock`	$9.60M	USD	2 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$197.00K	USD	2 Qtrs
Adoption of New Accounting Standard	`AdoptionOfAscSixHundredSix`	$-2.23M	USD	2 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.67M	USD	2 Qtrs
Vesting of RSU's	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$816.00K	USD	2 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Balance	`StockholdersEquity`	$249.43M	USD	Point-in-time
Balance	`StockholdersEquity`	$230.15M	USD	Point-in-time

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