10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001174947-20-000850`
Period End Date	20200630
Filing Date	20200729
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	rgr10q0620_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 68 Cash Flow Statement 56 Stockholders Equity 12

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`	6.71M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.42M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.70M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$208.88M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$129.49M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$53.65M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$52.64M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$79.01M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$62.58M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$47.49M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$47.14M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.02M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.57M	USD	Point-in-time
Net inventories	`InventoryNet`	$28.30M	USD	Point-in-time
Net inventories	`InventoryNet`	$12.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.47M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.64M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$294.94M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$249.32M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$372.48M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$376.65M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$311.10M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$298.57M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$73.91M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$65.55M	USD	Point-in-time
Deferred income taxes	`DeferredIncomTaxes`	$5.39M	USD	Point-in-time
Deferred income taxes	`DeferredIncomTaxes`	$2.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.34M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$27.11M	USD	Point-in-time
Total Assets	`Assets`	$348.96M	USD	Point-in-time
Total Assets	`Assets`	$389.86M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$40.11M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.77M	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$9.62M	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$3.65M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$733.00K	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$735.00K	USD	Point-in-time
Employee compensation and benefits	`AccruedEmployeeBenefitsCurrent`	$20.41M	USD	Point-in-time
Employee compensation and benefits	`AccruedEmployeeBenefitsCurrent`	$14.27M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.62M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$5.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.69M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.22M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$61.24M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$76.31M	USD	Point-in-time
Product liability accrual	`ProductLiabilityAccrualNoncurrent`	$83.00K	USD	Point-in-time
Product liability accrual	`ProductLiabilityAccrualNoncurrent`	$43.00K	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	$2.18M	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	$1.95M	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`	$40.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$38.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$392.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$368.20M	USD	Point-in-time
Less: Treasury stock - at cost 2020 - 6,709,898 shares 2019 - 6,709,898 shares	`TreasuryStockValue`	$145.59M	USD	Point-in-time
Less: Treasury stock - at cost 2020 - 6,709,898 shares 2019 - 6,709,898 shares	`TreasuryStockValue`	$145.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$285.46M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$311.55M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$389.86M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$348.96M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`Revenues`	$130.26M	USD	1 Quarter
Total net sales	`Revenues`	$96.33M	USD	1 Quarter
Total net sales	`Revenues`	$210.37M	USD	2 Qtrs
Total net sales	`Revenues`	$253.90M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$155.47M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$177.81M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$74.03M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$90.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.90M	USD	2 Qtrs
Gross profit	`GrossProfit`	$40.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.09M	USD	2 Qtrs
Selling	`SellingExpense`	$15.40M	USD	2 Qtrs
Selling	`SellingExpense`	$7.29M	USD	1 Quarter
Selling	`SellingExpense`	$14.92M	USD	2 Qtrs
Selling	`SellingExpense`	$7.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.59M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.57M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.98M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$30.98M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$16.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.84M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$31.91M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$24.03M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.92M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$44.19M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$7.46M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$960.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$394.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$682.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.36M	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-27.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-52.00K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-25.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-51.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$288.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$306.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$582.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$413.00K	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$1.89M	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$1.32M	USD	2 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$945.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$673.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.81M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.51M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$11.58M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.18M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$6.54M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$6.11M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$6.23M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$18.59M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$33.93M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.06	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.94	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.05	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.91	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.09	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.53	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.57	USD	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.93M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.97M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.43M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.17M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.73M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$48.00K	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-53.00K	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$1.12M	USD	2 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$3.13M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-3.54M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$1.01M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.05M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.23M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-10.80M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.46M	USD	2 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$-6.20M	USD	2 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$-5.98M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.12M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.12M	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-42.00K	USD	2 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$117.00K	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.33M	USD	2 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.16M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.34M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.47M	USD	2 Qtrs
Cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.42M	USD	2 Qtrs
Cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.11M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.92M	USD	2 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.89M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$54.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$233.47M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$118.97M	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$133.74M	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$154.07M	USD	2 Qtrs
Cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$10.89M	USD	2 Qtrs
Cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.26M	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$779.00K	USD	2 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.30M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.96M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.27M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.57M	USD	2 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.73M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.27M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.72M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.49M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.42M	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`	$17.70M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$285.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$311.55M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$6.23M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$18.59M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$33.93M	USD	2 Qtrs
Vesting of RSUs	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.30M	USD	2 Qtrs
Dividends paid	`DividendsCommonStock`	$9.27M	USD	2 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$9.00K	USD	2 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.73M	USD	2 Qtrs
Balance	`StockholdersEquity`	$285.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$311.55M	USD	Point-in-time

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