10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001174947-19-001162`
Period End Date	20190930
Filing Date	20191107
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	rgr10qq3-2019_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 68 Cash Flow Statement 60 Stockholders Equity 15

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	6.71M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.67M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$137.84M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$63.49M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$22.81M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$114.51M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$114.33M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$45.03M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$55.99M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$80.29M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$84.66M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$48.11M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$46.34M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$2.53M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.57M	USD	Point-in-time
Net inventories	`InventoryNet`	$31.42M	USD	Point-in-time
Net inventories	`InventoryNet`	$32.98M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.64M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$229.93M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$232.19M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$362.78M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$358.76M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$276.05M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$293.21M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$69.56M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$82.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$2.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.66M	USD	Point-in-time
Total Assets	`Assets`	$335.53M	USD	Point-in-time
Total Assets	`Assets`	$328.51M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.02M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$25.07M	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$7.48M	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$3.64M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.07M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$973.00K	USD	Point-in-time
Employee compensation and benefits	`AccruedEmployeeBenefitsCurrent`	$20.73M	USD	Point-in-time
Employee compensation and benefits	`AccruedEmployeeBenefitsCurrent`	$13.56M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.55M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.34M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.19M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$48.71M	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$99.00K	USD	Point-in-time
Product liability	`ProductLiabilityAccrualNoncurrent`	$77.00K	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	$2.09M	USD	Point-in-time
Contingent liabilities (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingent liabilities (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$37.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$350.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$361.96M	USD	Point-in-time
Less: Treasury stock - at cost 2019 - 6,709,898 shares 2018 - 6,665,398 shares	`TreasuryStockValue`	$145.59M	USD	Point-in-time
Less: Treasury stock - at cost 2019 - 6,709,898 shares 2018 - 6,665,398 shares	`TreasuryStockValue`	$143.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$277.63M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$264.24M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$335.53M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$328.51M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`Revenues`	$305.37M	USD	3 Qtrs
Total net sales	`Revenues`	$114.94M	USD	1 Quarter
Total net sales	`Revenues`	$95.00M	USD	1 Quarter
Total net sales	`Revenues`	$374.51M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$75.13M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$86.85M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$274.00M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$230.60M	USD	3 Qtrs
Gross profit	`GrossProfit`	$28.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$74.77M	USD	3 Qtrs
Gross profit	`GrossProfit`	$100.51M	USD	3 Qtrs
Selling	`SellingExpense`	$8.92M	USD	1 Quarter
Selling	`SellingExpense`	$27.05M	USD	3 Qtrs
Selling	`SellingExpense`	$7.46M	USD	1 Quarter
Selling	`SellingExpense`	$22.86M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.41M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$23.55M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$50.59M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$14.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$45.27M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$29.49M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$49.92M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$11.96M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.58M	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	$611.00K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$1.97M	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-90.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-141.00K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-92.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-141.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$328.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$277.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.36M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$858.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$1.22M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$2.69M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$798.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$236.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$51.14M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.37M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.18M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.99M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$8.10M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$12.48M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$1.56M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$9.21M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$24.08M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$4.82M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$38.66M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.22	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.38	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.19	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.37	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.34	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.71	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.89	USD	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.08M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.66M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.46M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.52M	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$1.04M	USD	3 Qtrs
Slow moving inventory valuation adjustment	`InventoryWriteDown`	$-147.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.24M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.75M	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-54.00K	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$9.00K	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$30.00K	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$-2.33M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-13.27M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$10.96M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.60M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-13.67M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.24M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.47M	USD	3 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$3.70M	USD	3 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$-3.84M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.32M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.08M	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$44.00K	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-122.00K	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.84M	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.88M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.34M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.93M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.58M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.15M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.88M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$203.34M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$203.16M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.32M	USD	3 Qtrs
Cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.88M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$816.00K	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$900.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.00M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$12.40M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.54M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.29M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.35M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.68M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$74.35M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.84M	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`	$22.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$137.84M	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`	$22.81M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Repurchase of shares of common stock	`StockRepurchasedDuringPeriodShares`	44,500.00	shares	3 Qtrs
Balance	`StockholdersEquity`	$277.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$264.24M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$9.21M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$24.08M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$4.82M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$38.66M	USD	3 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Vesting of RSUs	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$900.00K	USD	3 Qtrs
Dividends paid	`DividendsCommonStock`	$12.40M	USD	3 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$150.00K	USD	3 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.75M	USD	3 Qtrs
Repurchase of 44,500 shares of common stock	`TreasuryStockValueAcquiredCostMethod`	$2.00M	USD	3 Qtrs
Balance	`StockholdersEquity`	$277.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$264.24M	USD	Point-in-time

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