$SWBI
SMITH & WESSON BRANDS, INC.

2014 Q1 Form 10-Q Financial Statement

#000156459015001242 Filed on March 03, 2015

View on sec.gov

Income Statement

Concept 2014 Q1
Revenue $145.9M
YoY Change 7.07%
Cost Of Revenue $87.23M
YoY Change 1.07%
Gross Profit $58.65M
YoY Change 17.46%
Gross Profit Margin 40.2%
Selling, General & Admin $26.08M
YoY Change 24.57%
% of Gross Profit 44.46%
Research & Development $1.456M
YoY Change 52.94%
% of Gross Profit 2.48%
Depreciation & Amortization $4.900M
YoY Change 25.64%
% of Gross Profit 8.35%
Operating Expenses $27.53M
YoY Change 25.8%
Operating Profit $31.12M
YoY Change 10.95%
Interest Expense $1.771M
YoY Change 42.82%
% of Operating Profit 5.69%
Other Income/Expense, Net -$1.744M
YoY Change 46.31%
Pretax Income $29.38M
YoY Change 9.38%
Income Tax $9.319M
% Of Pretax Income 31.72%
Net Earnings $20.79M
YoY Change 42.6%
Net Earnings / Revenue 14.25%
Basic Earnings Per Share $0.37
Diluted Earnings Per Share $0.36
COMMON SHARES
Basic Shares Outstanding 55.58M shares
Diluted Shares Outstanding 57.02M shares

Balance Sheet

Concept 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.30M
YoY Change -22.83%
Cash & Equivalents $45.29M
Short-Term Investments
Other Short-Term Assets $18.80M
YoY Change -13.76%
Inventory $86.81M
Prepaid Expenses
Receivables $52.66M
Other Receivables $8.600M
Total Short-Term Assets $212.2M
YoY Change 9.2%
LONG-TERM ASSETS
Property, Plant & Equipment $108.7M
YoY Change 39.76%
Goodwill
YoY Change
Intangibles $3.511M
YoY Change -13.84%
Long-Term Investments
YoY Change
Other Assets $21.66M
YoY Change 306.08%
Total Long-Term Assets $133.9M
YoY Change 53.54%
TOTAL ASSETS
Total Short-Term Assets $212.2M
Total Long-Term Assets $133.9M
Total Assets $346.1M
YoY Change 22.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.38M
YoY Change 86.15%
Accrued Expenses $10.83M
YoY Change -71.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $800.0K
YoY Change 100.0%
Total Short-Term Liabilities $88.22M
YoY Change 29.64%
LONG-TERM LIABILITIES
Long-Term Debt $100.0M
YoY Change 129.36%
Other Long-Term Liabilities $11.10M
YoY Change 2.94%
Total Long-Term Liabilities $11.10M
YoY Change 2.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $88.22M
Total Long-Term Liabilities $11.10M
Total Liabilities $207.2M
YoY Change 63.23%
SHAREHOLDERS EQUITY
Retained Earnings $72.68M
YoY Change -534.4%
Common Stock $208.5M
YoY Change 5.45%
Preferred Stock
YoY Change
Treasury Stock (at cost) $142.3M
YoY Change 439.03%
Treasury Stock Shares 13.46M shares
Shareholders Equity $138.9M
YoY Change
Total Liabilities & Shareholders Equity $346.1M
YoY Change 22.93%

Cashflow Statement

Concept 2014 Q1
OPERATING ACTIVITIES
Net Income $20.79M
YoY Change 42.6%
Depreciation, Depletion And Amortization $4.900M
YoY Change 25.64%
Cash From Operating Activities $30.20M
YoY Change -8.48%
INVESTING ACTIVITIES
Capital Expenditures -$22.60M
YoY Change 80.8%
Acquisitions
YoY Change
Other Investing Activities $100.0K
YoY Change -90.91%
Cash From Investing Activities -$22.60M
YoY Change 96.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.30M
YoY Change -26.09%
NET CHANGE
Cash From Operating Activities 30.20M
Cash From Investing Activities -22.60M
Cash From Financing Activities -15.30M
Net Change In Cash -7.700M
YoY Change -1062.5%
FREE CASH FLOW
Cash From Operating Activities $30.20M
Capital Expenditures -$22.60M
Free Cash Flow $52.80M
YoY Change 16.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.81
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
18400000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
12400000
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
15000000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4800000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
213000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
80000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1363000
us-gaap Share Based Compensation
ShareBasedCompensation
6651000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6654000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23809000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1787000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1869000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
5576000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14157000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-1083000
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
13000
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-1899000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5204000
swhc Increase Decrease In Estimated Litigation Liability
IncreaseDecreaseInEstimatedLitigationLiability
-196000
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
-483000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
141000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-129000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54225000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-1398000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
12415000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
60000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
57000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
171000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
135000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
263000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
101000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24240000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36283000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-182647000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48675000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
175000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
101584000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2483000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3786000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
447000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
447000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
44824000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30040000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
115887000
swhc Proceeds From Exercise Of Stock Options Including Payments Of Employee Stock Purchase Plans
ProceedsFromExerciseOfStockOptionsIncludingPaymentsOfEmployeeStockPurchasePlans
1664000
swhc Proceeds From Exercise Of Stock Options Including Payments Of Employee Stock Purchase Plans
ProceedsFromExerciseOfStockOptionsIncludingPaymentsOfEmployeeStockPurchasePlans
2026000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1124000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1087000
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
280000
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
1672000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
142850000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-60749000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-9850000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-55199000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100487000
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45288000
us-gaap Interest Paid
InterestPaid
8139000
us-gaap Interest Paid
InterestPaid
4600000
us-gaap Income Taxes Paid
IncomeTaxesPaid
12000000
us-gaap Income Taxes Paid
IncomeTaxesPaid
29157000
us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-top:2pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(1)&#160;Organization: </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">We are one of the world&#8217;s leading manufacturers of firearms. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting, bolt action, and single shot rifles), handcuffs, and firearm-related products and accessories for sale to a wide variety of customers, including gun 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 are one of the largest manufacturers of handguns, modern sporting rifles, and handcuffs in the United States and an active participant in the hunting rifle market. We are also a leading provider of shooting, reloading, gunsmithing, and gun cleaning supplies. We sell our products under the Smith&#160;&amp; Wesson<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">&#174;</sup></font>, M&amp;P<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">&#174;</sup></font>, Thompson/Center Arms<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font>, Caldwell<sup style="font-size:85%; vertical-align:top">&#174;</sup> Shooting Supplies, Wheeler<sup style="font-size:85%; vertical-align:top">&#174;</sup> Engineering, Tipton<sup style="font-size:85%; vertical-align:top">&#174;</sup> Gun Cleaning Supplies, Lockdown<sup style="font-size:85%; vertical-align:top">&#174;</sup> Vault Accessories, Frankford Arsenal<sup style="font-size:85%; vertical-align:top">&#174;</sup>, Non-Typical Wild Solutions<sup style="font-size:85%; vertical-align:top">TM</sup>, Hooyman Saws<sup style="font-size:85%; vertical-align:top">TM</sup>, Golden Rod<sup style="font-size:85%; vertical-align:top">&#174;</sup>, and BOG-POD<sup style="font-size:85%; vertical-align:top">&#174;</sup> brands. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We manufacture our firearm products at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. We develop and sell our shooting, reloading, gunsmithing, and gun cleaning accessories at our facility in Columbia, Missouri. We plan to continue to offer products that leverage the over 160 year old &#8220;Smith&#160;&amp; Wesson&#8221; brand and capitalize on the goodwill developed through our historic American tradition by expanding consumer awareness of the products we produce. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May&#160;5, 2014, we acquired substantially all of the net assets of Tri Town Precision Plastics, Inc., or TTPP. See note 3 &#8211; <font style="font-style:italic;">Asset Purchase</font> below for more information regarding this transaction. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On December 11, 2014, we acquired all of the issued and outstanding stock of Battenfeld Acquisition Company Inc., including its wholly owned subsidiary, Battenfeld Technologies, Inc., or BTI. See note 4 &#8211; <font style="font-style:italic;">Acquisition of BTI</font> below for more information regarding this transaction.</p></div>
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1441000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1225000
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2258349
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1943800
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y2M12D
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
swhc Goodwill Amortization Period For Tax Purpose
GoodwillAmortizationPeriodForTaxPurpose
P15Y
CY2015Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
990000
swhc Goodwill Deductible For Tax Purpose
GoodwillDeductibleForTaxPurpose
12000000
CY2015Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4666000
CY2015Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10502000
CY2015Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
9946000
CY2015Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
9526000
CY2015Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8347000
CY2015Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7220000
CY2015Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
24350000
swhc Maximum Consolidated Coverage Ratio
MaximumConsolidatedCoverageRatio
3.00
swhc Minimum Consolidated Coverage Ratio
MinimumConsolidatedCoverageRatio
1.00
CY2015Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
40198000
CY2014Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
26523000
CY2015Q1 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
38587000
CY2014Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
47109000
CY2015Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9178000
CY2014Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7643000
CY2015Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
9058000
CY2014Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5467000
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1135000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2250000
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
swhc Number Of Stock Option Plans
NumberOfStockOptionPlans
2
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
222884
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
13000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2022465
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y3M11D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.62
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.98
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.31
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.23
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3019127
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
508800
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
28000
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2482327
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y11M27D
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2003639
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M22D
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.31
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.76
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.59
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.83
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
12700000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1700000
CY2015Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
38000
swhc Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
P3Y
swhc Share Based Compensation Percentage Of Target Award Granted For Calculating Maximum Aggregate Award Of Performance Share
ShareBasedCompensationPercentageOfTargetAwardGrantedForCalculatingMaximumAggregateAwardOfPerformanceShare
2.00
swhc Percentage Of Stock Outperform In Order For Target Award To Be Earned
PercentageOfStockOutperformInOrderForTargetAwardToBeEarned
0.10
swhc Number Of Product Liability Cases
NumberOfProductLiabilityCases
8
swhc Number Of Other Product Liability Claims
NumberOfOtherProductLiabilityClaims
8
CY2015Q1 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
1900000
swhc Civil Penalties
CivilPenalties
2000000
us-gaap Loss Contingency Allegations
LossContingencyAllegations
The lawsuit is based principally on a theory of breach of fiduciary duties arising from a 2007 class action lawsuit that has since been dismissed with prejudice.
CY2015Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
623000
CY2014Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
623000
CY2015Q1 us-gaap Escrow Deposit
EscrowDeposit
3000000

Files In Submission

Name View Source Status
0001564590-15-001242-index-headers.html Edgar Link pending
0001564590-15-001242-index.html Edgar Link pending
0001564590-15-001242.txt Edgar Link pending
0001564590-15-001242-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
swhc-10q_20150131.htm Edgar Link pending
swhc-20150131.xml Edgar Link completed
swhc-20150131.xsd Edgar Link pending
swhc-20150131_cal.xml Edgar Link unprocessable
swhc-20150131_def.xml Edgar Link unprocessable
swhc-20150131_lab.xml Edgar Link unprocessable
swhc-20150131_pre.xml Edgar Link unprocessable
swhc-ex311_201501318.htm Edgar Link pending
swhc-ex312_201501317.htm Edgar Link pending
swhc-ex321_201501316.htm Edgar Link pending
swhc-ex322_201501319.htm Edgar Link pending