2024 Q2 Form 10-K Financial Statement

#000095017024075584 Filed on June 20, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 2023
Revenue $159.1M $535.8M $479.2M
YoY Change 9.93% 11.81% -44.54%
Cost Of Revenue $102.5M $377.7M $324.7M
YoY Change 0.3% 16.33% -33.67%
Gross Profit $56.66M $158.1M $154.5M
YoY Change 33.01% 2.3% -58.74%
Gross Profit Margin 35.6% 29.5% 32.25%
Selling, General & Admin $29.50M $106.0M $98.58M
YoY Change 43.41% 7.58% -14.76%
% of Gross Profit 52.07% 67.08% 63.79%
Research & Development $1.774M $7.266M $7.550M
YoY Change -5.39% -3.76% 3.97%
% of Gross Profit 3.13% 4.6% 4.89%
Depreciation & Amortization $8.267M $32.56M $31.44M
YoY Change -14.25% 3.57% 4.53%
% of Gross Profit 14.59% 20.59% 20.34%
Operating Expenses $31.28M $113.3M $106.1M
YoY Change 39.34% 6.77% -13.65%
Operating Profit $25.39M $44.78M $48.41M
YoY Change 25.95% -7.49% -80.76%
Interest Expense -$607.0K -$2.055M -$331.0K
YoY Change -158.93% 520.85% -84.5%
% of Operating Profit -2.39% -4.59% -0.68%
Other Income/Expense, Net $6.496M $4.617M -$181.0K
YoY Change -401.58% -2650.83% -124.69%
Pretax Income $31.27M $49.40M $48.23M
YoY Change 87.19% 2.43% -80.89%
Income Tax $5.158M $9.787M $11.35M
% Of Pretax Income 16.5% 19.81% 23.54%
Net Earnings $26.11M $39.61M $36.88M
YoY Change 103.4% 7.41% -81.04%
Net Earnings / Revenue 16.41% 7.39% 7.69%
Basic Earnings Per Share $0.86 $0.80
Diluted Earnings Per Share $0.57 $0.86 $0.80
COMMON SHARES
Basic Shares Outstanding 45.56M 45.81M 45.84M
Diluted Shares Outstanding 46.25M 46.17M

Balance Sheet

Concept 2024 Q2 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.84M $60.84M $53.56M
YoY Change 13.6% 13.6% -55.64%
Cash & Equivalents $60.84M $60.84M $53.56M
Short-Term Investments
Other Short-Term Assets $4.973M $4.973M $4.917M
YoY Change 1.14% 1.14% -11.71%
Inventory $160.5M $160.5M $177.1M
Prepaid Expenses
Receivables $59.07M $59.07M $55.15M
Other Receivables $2.495M $2.495M $1.176M
Total Short-Term Assets $287.9M $287.9M $291.9M
YoY Change -1.38% -1.38% -10.89%
LONG-TERM ASSETS
Property, Plant & Equipment $254.0M $254.0M $212.2M
YoY Change 19.71% 19.71% 52.5%
Goodwill $19.02M
YoY Change 0.0%
Intangibles $2.598M
YoY Change -27.59%
Long-Term Investments
YoY Change
Other Assets $8.614M $14.51M $14.59M
YoY Change 3.2% -0.53% 79.67%
Total Long-Term Assets $290.1M $290.1M $249.4M
YoY Change 16.34% 16.34% 46.8%
TOTAL ASSETS
Total Short-Term Assets $287.9M $287.9M $291.9M
Total Long-Term Assets $290.1M $290.1M $249.4M
Total Assets $578.0M $578.0M $541.3M
YoY Change 6.78% 6.78% 8.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.83M $41.83M $36.80M
YoY Change 13.69% 13.69% 22.48%
Accrued Expenses $47.47M $47.47M $43.45M
YoY Change 9.25% 9.25% -9.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.564M $1.564M $1.434M
YoY Change 9.07% 9.07% 23.83%
Total Short-Term Liabilities $96.70M $96.70M $87.21M
YoY Change 10.88% 10.88% -1.95%
LONG-TERM LIABILITIES
Long-Term Debt $75.28M $75.28M $61.75M
YoY Change 21.92% 21.92% 64.11%
Other Long-Term Liabilities $7.852M $7.852M $7.707M
YoY Change 1.88% 1.88% -25.79%
Total Long-Term Liabilities $7.852M $83.14M $69.46M
YoY Change 1.88% 19.69% 44.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.70M $96.70M $87.21M
Total Long-Term Liabilities $7.852M $83.14M $69.46M
Total Liabilities $179.8M $179.8M $156.7M
YoY Change 14.79% 14.79% 14.39%
SHAREHOLDERS EQUITY
Retained Earnings $540.7M
YoY Change 3.34%
Common Stock $290.1M
YoY Change 2.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $432.6M
YoY Change 2.43%
Treasury Stock Shares
Shareholders Equity $398.2M $398.2M $384.6M
YoY Change
Total Liabilities & Shareholders Equity $578.0M $578.0M $541.3M
YoY Change 6.78% 6.78% 8.81%

Cashflow Statement

Concept 2024 Q2 2024 2023
OPERATING ACTIVITIES
Net Income $26.11M $39.61M $36.88M
YoY Change 103.4% 7.41% -81.04%
Depreciation, Depletion And Amortization $8.267M $32.56M $31.44M
YoY Change -14.25% 3.57% 4.53%
Cash From Operating Activities $43.62M $106.7M $16.73M
YoY Change 14.84% 537.93% -87.86%
INVESTING ACTIVITIES
Capital Expenditures $5.593M $90.76M $89.57M
YoY Change -77.68% 1.33% 273.62%
Acquisitions
YoY Change
Other Investing Activities $6.578M $9.455M $118.0K
YoY Change 19833.33% 7912.71% -15.11%
Cash From Investing Activities $985.0K -$81.49M -$89.78M
YoY Change -103.94% -9.23% 272.29%
FINANCING ACTIVITIES
Cash Dividend Paid $22.02M $18.33M
YoY Change 20.11% 21.94%
Common Stock Issuance & Retirement, Net $10.21M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $35.00M $0.00
YoY Change
Cash From Financing Activities -31.13M -17.97M 5.877M
YoY Change 679.98% -405.7% -105.55%
NET CHANGE
Cash From Operating Activities 43.62M 106.7M 16.73M
Cash From Investing Activities 985.0K -81.49M -89.78M
Cash From Financing Activities -31.13M -17.97M 5.877M
Net Change In Cash 13.47M 7.283M -67.17M
YoY Change 50.36% -110.84% -971.12%
FREE CASH FLOW
Cash From Operating Activities $43.62M $106.7M $16.73M
Capital Expenditures $5.593M $90.76M $89.57M
Free Cash Flow $38.02M $15.98M -$72.83M
YoY Change 194.34% -121.94% -163.98%

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CY2024 us-gaap Nature Of Operations
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<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">1. Organization</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> We are one of the world’s leading manufacturers and designers of firearms. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, pistol caliber carbines, and lever action rifles), handcuffs, firearm suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. We sell our products under the Smith &amp; Wesson and Gemtech brands. We manufacture our products at our facilities in Springfield, Massachusetts; Houlton, Maine; Deep River, Connecticut; and Maryville, Tennessee. We also sell our manufacturing services to other businesses to attempt to level-load our factories. We sell those services under our Smith &amp; Wesson and Smith &amp; Wesson Precision Components brands. During fiscal 2024, we began manufacturing and distribution activities from our new Maryville, Tennessee facility. See Note 15 — </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Commitments and Contingencies</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, and Note 16 — </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Restructuring</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> for more information.</span></p>
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations of Credit Risk</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> — Financial instruments that potentially subject us to concentration of credit risk consist principally of cash, cash equivalents, and trade receivables. We place our cash and cash equivalents in overnight U.S. government securities. Concentrations of credit risk with respect to trade receivables are limited by the large number of customers comprising our customer base and their geographic and business dispersion. We perform ongoing credit evaluations of our customers’ financial condition and generally do not require collateral.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">For fiscal 2024, sales to </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">three</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of our customers exceeded </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of our net sales, totaling </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">34.8</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%. As of April 30, 2024, </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">two</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of our customers each accounted for more than </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of our accounts receivable, for a total of </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">47.9</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%. For fiscal 2023, sales to </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">two</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of our customers exceeded </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10.0</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of our net sales, totaling </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">22.8</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%. As of April 30, 2023, </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">three</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> of our customers each accounted for more than </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of our accounts receivable, for a total of </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">39.4</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">%.</span></p>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> — The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the financial statement dates and the reported amounts of revenue and expenses during the reporting periods. Our significant estimates include the accrual for warranty, reserves for excess and obsolete inventory, rebates and other promotions, valuation of intangible assets, and costs associated with the Relocation. Actual results could differ from those estimates.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2024 swbi Cash And Cash Equivalent Maturity Period Maximum
CashAndCashEquivalentMaturityPeriodMaximum
P3M
CY2024 us-gaap Net Income Loss
NetIncomeLoss
39609000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
36876000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
194494000
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45813000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45844000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47227000
CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
436000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
326000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
501000
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46248000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46170000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47728000
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.8
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.12
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.8
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.08
CY2024 swbi Shares Excluded From The Computation Of Diluted Earnings Per Share
SharesExcludedFromTheComputationOfDilutedEarningsPerShare
18009
CY2023 swbi Shares Excluded From The Computation Of Diluted Earnings Per Share
SharesExcludedFromTheComputationOfDilutedEarningsPerShare
30307
CY2022 swbi Shares Excluded From The Computation Of Diluted Earnings Per Share
SharesExcludedFromTheComputationOfDilutedEarningsPerShare
43530
CY2024Q1 us-gaap Goodwill
Goodwill
19000000
CY2024 swbi Future Estimated Recall Costs
FutureEstimatedRecallCosts
38000
CY2024 us-gaap Product Warranty Expense
ProductWarrantyExpense
2600000
CY2023 us-gaap Product Warranty Expense
ProductWarrantyExpense
1500000
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
1900000
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4873000
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1496000
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2364000
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4005000
CY2024 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2560000
CY2024 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2681000
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3884000
CY2024 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
600000
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
10200000
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
6600000
CY2024 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
2600000
CY2023 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
2700000
CY2022 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
4300000
CY2024Q2 swbi Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
6761000
CY2023Q2 swbi Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
5994000
CY2024Q2 swbi Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
5411000
CY2023Q2 swbi Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
4153000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1350000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1841000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
947000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1274000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
574000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
801000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1521000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2075000
CY2024Q2 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
41631000
CY2023Q2 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
41631000
CY2024Q2 swbi Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
11713000
CY2023Q2 swbi Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
9448000
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
29918000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
32183000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1564000
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1434000
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
35404000
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
36961000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
36968000
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
38395000
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
1500000
CY2024 swbi Short Term Operating Lease Cost
ShortTermOperatingLeaseCost
98000
CY2024 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2300000
CY2024 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1900000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y2M12D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y4M24D
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.05
CY2022Q3 swbi Percentage Of Sublease
PercentageOfSublease
0.647
CY2024 us-gaap Sublease Income
SubleaseIncome
2700000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
3180000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
3235000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
3292000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
3350000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
3408000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
35498000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
51963000
CY2024Q2 swbi Sublease Receipts Amounts Representing Interest
SubleaseReceiptsAmountsRepresentingInterest
15607000
CY2024Q2 swbi Present Value Of Sublease Receipts
PresentValueOfSubleaseReceipts
36356000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1033000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3378000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
4411000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
301000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3433000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
3734000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
272000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3498000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
3770000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
125000
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3416000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
3541000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
0
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3408000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
3408000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0
CY2024Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
35498000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Payments Due After Fifth Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterFifthYear
35498000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1731000
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
52631000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
54362000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
210000
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
15663000
CY2024Q2 swbi Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
15873000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1521000
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
36968000
CY2024Q2 swbi Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
38489000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
947000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1564000
CY2024Q2 swbi Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
2511000
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
574000
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
35404000
CY2024Q2 swbi Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
35978000
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
4600000
CY2024 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
89805
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
89560
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
89560
CY2024Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
3109000
CY2023Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
2945000
CY2024Q2 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
41631000
CY2023Q2 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
41631000
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
589769000
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
443128000
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
352615000
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
334383000
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
535833000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
479242000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
864126000
CY2024 swbi Export Sales As Percentage Of Revenue
ExportSalesAsPercentageOfRevenue
0.05
CY2023 swbi Export Sales As Percentage Of Revenue
ExportSalesAsPercentageOfRevenue
0.04
CY2022 swbi Export Sales As Percentage Of Revenue
ExportSalesAsPercentageOfRevenue
0.03
CY2024Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
337772000
CY2023Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
308852000
CY2024Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
154507000
CY2023Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
40131000
CY2024Q2 swbi Computer Hardware And Software Gross
ComputerHardwareAndSoftwareGross
52750000
CY2023Q2 swbi Computer Hardware And Software Gross
ComputerHardwareAndSoftwareGross
49569000
CY2024Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetExcludingConstructionInProgress
237154000
CY2023Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetExcludingConstructionInProgress
108745000
CY2024Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
15479000
CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
101585000
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
252633000
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
210330000
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
32558000
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31436000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30073000
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
83337000
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
93705000
CY2024Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
56282000
CY2023Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
65460000
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8033000
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6821000
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
12848000
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11132000
CY2024Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
160500000
CY2023Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
177118000
CY2024Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
8699000
CY2023Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
9239000
CY2024Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3100000
CY2023Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
4300000
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
5838000
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
3703000
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4925000
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2596000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4423000
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4597000
CY2024Q2 swbi Accrued Settlement
AccruedSettlement
3200000
CY2023Q2 swbi Accrued Settlement
AccruedSettlement
0
CY2024Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
2742000
CY2023Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3256000
CY2024Q2 swbi Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
1687000
CY2023Q2 swbi Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
1640000
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1564000
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1434000
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