10-Q Filing

STURM RUGER & CO INC CIK: 95029 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001174947-21-000990`
Period End Date	20210930
Filing Date	20211103
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	rgr10q0921_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 76 Cash Flow Statement 56 Stockholders Equity 13

Balance Sheet 66 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`	$20.15M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$27.68M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$35.42M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$29.65M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$165.00M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$121.01M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$57.88M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$71.86M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$80.49M	USD	Point-in-time
Gross inventories (Note 4)	`InventoryGross`	$92.47M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$48.02M	USD	Point-in-time
Less LIFO reserve	`InventoryLIFOReserve`	$49.47M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.39M	USD	Point-in-time
Less excess and obsolescence reserve	`InventoryValuationReserves`	$3.89M	USD	Point-in-time
Net inventories	`InventoryNet`	$39.12M	USD	Point-in-time
Net inventories	`InventoryNet`	$29.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.27M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$308.86M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$234.37M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$393.84M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$408.73M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$323.11M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$344.19M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$64.54M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$70.73M	USD	Point-in-time
Deferred income taxes	`DeferredIncomTaxes`	$11.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomTaxes`	$1.53M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$41.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.65M	USD	Point-in-time
Total Assets	`Assets`	$420.06M	USD	Point-in-time
Total Assets	`Assets`	$348.26M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.41M	USD	Point-in-time
Trade accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$37.08M	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	$84.00K	USD	Point-in-time
Contract liabilities with customers (Note 3)	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$1.05M	USD	Point-in-time
Product liability	`ProductLiabilityCurrent`	$870.00K	USD	Point-in-time
Employee compensation and benefits	`AccruedEmployeeBenefitsCurrent`	$37.27M	USD	Point-in-time
Employee compensation and benefits	`AccruedEmployeeBenefitsCurrent`	$31.78M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$6.78M	USD	Point-in-time
Workers' compensation	`WorkersCompensationLiabilityCurrent`	$6.27M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.54M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$80.39M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$81.76M	USD	Point-in-time
Product liability accrual	`ProductLiabilityAccrualNoncurrent`	$95.00K	USD	Point-in-time
Product liability accrual	`ProductLiabilityAccrualNoncurrent`	$74.00K	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	$1.51M	USD	Point-in-time
Lease liability (Note 5)	`OperatingLeaseLiabilityNoncurrent`	$1.72M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	-	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`	$45.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$43.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$342.62M	USD	Point-in-time
Less: Treasury stock - at cost 2021 - 6,709,898 shares 2020 - 6,709,898 shares	`TreasuryStockValue`	$145.59M	USD	Point-in-time
Less: Treasury stock - at cost 2021 - 6,709,898 shares 2020 - 6,709,898 shares	`TreasuryStockValue`	$145.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$264.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$338.07M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$348.26M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$420.06M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`Revenues`	$145.71M	USD	1 Quarter
Total net sales	`Revenues`	$562.69M	USD	3 Qtrs
Total net sales	`Revenues`	$178.25M	USD	1 Quarter
Total net sales	`Revenues`	$399.61M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$272.36M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$94.55M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$113.44M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$346.57M	USD	3 Qtrs
Gross profit	`GrossProfit`	$51.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$216.12M	USD	3 Qtrs
Gross profit	`GrossProfit`	$64.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$127.25M	USD	3 Qtrs
Selling	`SellingExpense`	$23.36M	USD	3 Qtrs
Selling	`SellingExpense`	$8.43M	USD	1 Quarter
Selling	`SellingExpense`	$7.75M	USD	1 Quarter
Selling	`SellingExpense`	$24.29M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$33.48M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$26.84M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$57.77M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$50.20M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.08M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$77.05M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$46.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$158.35M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$32.86M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$112.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$31.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$11.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.07M	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-164.00K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-114.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-114.00K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-166.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$451.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.40M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$38.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.46M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$1.30M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$2.33M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$1.36M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$78.40M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.89M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$160.68M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$48.02M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$8.14M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$19.72M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$42.90M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$12.82M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$35.20M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$58.69M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$24.75M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$117.78M	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$2.00	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$3.36	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$6.70	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.42	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$3.31	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.39	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.98	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$6.64	USD	3 Qtrs
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.48M	shares	3 Qtrs
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.58M	shares	3 Qtrs
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.49M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.60M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.78M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.76M	shares	1 Quarter
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.75M	shares	3 Qtrs
Weighted average number of common shares outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.74M	shares	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$1.00	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$5.95	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$2.57	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$5.42	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$35.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.69M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.78M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.64M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.67M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.43M	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$111.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$72.00K	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$1.52M	USD	3 Qtrs
Deferred income taxes	`DeferredOtherTaxExpenseBenefit`	$3.13M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$13.98M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$5.58M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.04M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-14.72M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.72M	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.61M	USD	3 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$-84.00K	USD	3 Qtrs
Contract liability to customers	`ContractLiabilityToCustomers`	$-8.42M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$15.30M	USD	3 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.57M	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$196.00K	USD	3 Qtrs
Product liability	`IncreaseDecreaseInProductLiability`	$-161.00K	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$19.21M	USD	3 Qtrs
Prepaid expenses, other assets and other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.28M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.54M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.22M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$81.98M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$117.00M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.62M	USD	3 Qtrs
Property, plant and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.04M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$135.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$178.00K	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$376.98M	USD	3 Qtrs
Purchases of short-term investments	`PaymentsToAcquireInvestments`	$268.45M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$293.96M	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$332.99M	USD	3 Qtrs
Cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-59.47M	USD	3 Qtrs
Cash (used for) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$17.64M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.30M	USD	3 Qtrs
Remittance of taxes withheld from employees related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.80M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$104.10M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$45.20M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-50.00M	USD	3 Qtrs
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-105.39M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.77M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$7.53M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.68M	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`	$29.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.68M	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`	$29.65M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$264.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$338.07M	USD	Point-in-time
Net income and comprehensive income	`NetIncomeLoss`	$35.20M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$58.69M	USD	3 Qtrs
Net income and comprehensive income	`NetIncomeLoss`	$24.75M	USD	1 Quarter
Net income and comprehensive income	`NetIncomeLoss`	$117.78M	USD	3 Qtrs
Common stock issued - compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	3 Qtrs
Vesting of RSUs	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$4.80M	USD	3 Qtrs
Dividends paid	`DividendsCommonStock`	$45.20M	USD	3 Qtrs
Unpaid dividends accrued	`DividendsPaidinkind`	$1.08M	USD	3 Qtrs
Recognition of stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.67M	USD	3 Qtrs
Balance	`StockholdersEquity`	$264.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$338.07M	USD	Point-in-time

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