2015 Q3 Form 10-Q Financial Statement
#000156459015007612 Filed on August 27, 2015
Income Statement
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| Revenue | $147.8M | $131.9M |
| YoY Change | 12.05% | -22.89% |
| Cost Of Revenue | $88.89M | $82.75M |
| YoY Change | 7.42% | -15.77% |
| Gross Profit | $58.87M | $49.12M |
| YoY Change | 19.85% | -32.51% |
| Gross Profit Margin | 39.84% | 37.25% |
| Selling, General & Admin | $26.66M | $21.99M |
| YoY Change | 21.25% | -6.05% |
| % of Gross Profit | 45.28% | 44.76% |
| Research & Development | $2.396M | $1.457M |
| YoY Change | 64.45% | 7.29% |
| % of Gross Profit | 4.07% | 2.97% |
| Depreciation & Amortization | $11.00M | $6.105M |
| YoY Change | 80.18% | 7.43% |
| % of Gross Profit | 18.69% | 12.43% |
| Operating Expenses | $29.05M | $23.44M |
| YoY Change | 23.93% | -5.32% |
| Operating Profit | $29.82M | $25.68M |
| YoY Change | 16.13% | -46.53% |
| Interest Expense | $7.251M | $1.984M |
| YoY Change | 265.47% | -70.27% |
| % of Operating Profit | 24.32% | 7.73% |
| Other Income/Expense, Net | -$7.206M | -$1.966M |
| YoY Change | 266.53% | -70.06% |
| Pretax Income | $22.61M | $23.71M |
| YoY Change | -4.63% | -42.8% |
| Income Tax | $8.199M | $9.153M |
| % Of Pretax Income | 36.26% | 38.61% |
| Net Earnings | $14.41M | $14.56M |
| YoY Change | -0.99% | -45.02% |
| Net Earnings / Revenue | 9.75% | 11.04% |
| Basic Earnings Per Share | $0.27 | $0.27 |
| Diluted Earnings Per Share | $0.26 | $0.26 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 54.22M | 54.83M shares |
| Diluted Shares Outstanding | 55.48M | 56.15M shares |
Balance Sheet
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $55.40M | $83.50M |
| YoY Change | -33.65% | -41.65% |
| Cash & Equivalents | $55.42M | $83.46M |
| Short-Term Investments | ||
| Other Short-Term Assets | $26.20M | $25.10M |
| YoY Change | 4.38% | 11.56% |
| Inventory | $90.10M | $101.3M |
| Prepaid Expenses | ||
| Receivables | $51.50M | $53.41M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $223.2M | $263.3M |
| YoY Change | -15.22% | -8.33% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $134.2M | $133.6M |
| YoY Change | 0.46% | 42.3% |
| Goodwill | $14.01M | |
| YoY Change | ||
| Intangibles | $4.259M | |
| YoY Change | 13.3% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $10.10M | $20.64M |
| YoY Change | -51.05% | 46.82% |
| Total Long-Term Assets | $290.9M | $172.5M |
| YoY Change | 68.65% | 54.44% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $223.2M | $263.3M |
| Total Long-Term Assets | $290.9M | $172.5M |
| Total Assets | $514.1M | $435.8M |
| YoY Change | 17.98% | 9.25% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $35.00M | $35.87M |
| YoY Change | -2.44% | 6.98% |
| Accrued Expenses | $39.60M | $14.96M |
| YoY Change | 164.74% | -66.0% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $6.300M | |
| YoY Change | ||
| Total Short-Term Liabilities | $89.10M | $85.56M |
| YoY Change | 4.13% | 1.99% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $170.7M | $175.0M |
| YoY Change | -2.46% | 75.0% |
| Other Long-Term Liabilities | $10.80M | $11.03M |
| YoY Change | -2.08% | -11.94% |
| Total Long-Term Liabilities | $181.5M | $11.03M |
| YoY Change | 1545.66% | -11.94% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $89.10M | $85.56M |
| Total Long-Term Liabilities | $181.5M | $11.03M |
| Total Liabilities | $304.1M | $282.8M |
| YoY Change | 7.53% | 38.43% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $112.3M | |
| YoY Change | 221.66% | |
| Common Stock | $212.9M | |
| YoY Change | 5.41% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $172.3M | |
| YoY Change | 306.53% | |
| Treasury Stock Shares | 15.56M shares | |
| Shareholders Equity | $210.0M | $153.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $514.1M | $435.8M |
| YoY Change | 17.98% | 9.25% |
Cashflow Statement
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $14.41M | $14.56M |
| YoY Change | -0.99% | -45.02% |
| Depreciation, Depletion And Amortization | $11.00M | $6.105M |
| YoY Change | 80.18% | 7.43% |
| Cash From Operating Activities | $16.63M | $10.78M |
| YoY Change | 54.22% | -43.3% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $7.940M | $14.59M |
| YoY Change | -45.57% | 21.21% |
| Acquisitions | $24.10M | |
| YoY Change | ||
| Other Investing Activities | $900.0K | -$24.10M |
| YoY Change | -103.73% | |
| Cash From Investing Activities | -$7.150M | -$38.70M |
| YoY Change | -81.52% | 221.26% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $30.04M | |
| YoY Change | 87.83% | |
| Debt Paid & Issued, Net | $100.0M | |
| YoY Change | ||
| Cash From Financing Activities | 3.720M | 42.51M |
| YoY Change | -91.25% | 9.0% |
| NET CHANGE | ||
| Cash From Operating Activities | 16.63M | 10.78M |
| Cash From Investing Activities | -7.150M | -38.70M |
| Cash From Financing Activities | 3.720M | 42.51M |
| Net Change In Cash | 13.20M | 14.60M |
| YoY Change | -9.61% | -68.24% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $16.63M | $10.78M |
| Capital Expenditures | $7.940M | $14.59M |
| Free Cash Flow | $8.685M | -$3.808M |
| YoY Change | -328.07% | -154.59% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
7950000 | |
| CY2014Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
7947000 | |
| CY2014Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
82751000 | |
| CY2014Q3 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1457000 | |
| CY2014Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-6000 | |
| CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
49118000 | |
| CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
23443000 | |
| CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
14039000 | |
| CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
25675000 | |
| CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
22611000 | |
| CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
8199000 | |
| CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14412000 | |
| CY2015Q3 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
66000 | |
| CY2014Q3 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
34000 | |
| CY2014Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
14588000 | |
| CY2014Q3 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
75000000 | |
| CY2015Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-6000 | |
| CY2015Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
51000 | |
| CY2014Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
24000 | |
| CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
7251000 | |
| CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
1984000 | |
| CY2015Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-7206000 | |
| CY2014Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1966000 | |
| CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
23709000 | |
| CY2014Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9153000 | |
| CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14556000 | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
-181000 | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-181000 | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-65000 | |
| CY2015Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
634000 | |
| CY2015Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1545000 | |
| CY2015Q3 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
814000 | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-116000 | |
| CY2015Q3 | us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
1661000 | |
| CY2015Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
11030000 | |
| CY2014Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
6105000 | |
| CY2015Q3 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-63000 | |
| CY2014Q3 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
88000 | |
| CY2015Q3 | swhc |
Provision For Or Recoveries Of Doubtful Accounts
ProvisionForOrRecoveriesOfDoubtfulAccounts
|
15000 | |
| CY2014Q3 | swhc |
Provision For Or Recoveries Of Doubtful Accounts
ProvisionForOrRecoveriesOfDoubtfulAccounts
|
17000 | |
| CY2015Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1545000 | |
| CY2014Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1579000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3730000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5213000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
13191000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
11601000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3509000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2239000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-669000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-8752000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2592000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2184000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
1810000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
-8377000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-1995000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-1019000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
1747000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
1250000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-2825000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1181000 | |
| CY2015Q3 | us-gaap |
Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
|
-246000 | |
| CY2014Q3 | us-gaap |
Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
|
-353000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-698000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
110000 | |
| CY2015Q3 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
80000 | |
| CY2014Q3 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
460000 | |
| CY2015Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
16625000 | |
| CY2014Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10780000 | |
| CY2015Q3 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-835000 | |
| CY2015Q3 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
21000 | |
| CY2014Q3 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
21000 | |
| CY2015Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
7940000 | |
| CY2015Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7150000 | |
| CY2014Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-38696000 | |
| CY2015Q3 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
105000000 | |
| CY2015Q3 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
918000 | |
| CY2014Q3 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2337000 | |
| CY2015Q3 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
149000 | |
| CY2014Q3 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
150000 | |
| CY2015Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
100000000 | |
| CY2014Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
30040000 | |
| CY2015Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
634000 | |
| CY2014Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
424000 | |
| CY2015Q3 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1661000 | |
| CY2014Q3 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
444000 | |
| CY2015Q3 | us-gaap |
Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
|
814000 | |
| CY2014Q3 | us-gaap |
Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
|
61000 | |
| CY2015Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3720000 | |
| CY2014Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
42514000 | |
| CY2015Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
13195000 | |
| CY2014Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
14598000 | |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
68860000 | |
| CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
83458000 | |
| CY2015Q3 | us-gaap |
Interest Paid
InterestPaid
|
8253000 | |
| CY2014Q3 | us-gaap |
Interest Paid
InterestPaid
|
3010000 | |
| CY2015Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
6816000 | |
| CY2014Q3 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
639000 | |
| CY2015Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-top:2pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;"> </p> <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) 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’s leading manufacturers of firearms. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, 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. Beginning in 2015, we are now also a leading provider of shooting, reloading, gunsmithing, and gun cleaning supplies. We sell our products under the Smith & Wesson<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, M&P<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, Thompson/Center Arms<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font>, Caldwell<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Shooting Supplies, Wheeler<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Engineering, Tipton<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Gun Cleaning Supplies, Frankford Arsenal<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, Lockdown<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Vault Accessories, Hooyman Saws<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font>, BOG-POD<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, and Golden Rod<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Moisture Control 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, and we develop and market our accessories products at our facility in Columbia, Missouri. We plan to continue to capitalize on the goodwill developed through our historic 163 year old “Smith & Wesson” brand as well as our other well-known brands by expanding consumer awareness of the products we produce. </p> <p style="margin-top:14pt;margin-bottom:0pt;text-indent:5.3%;color:#;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May 5, 2014, we acquired substantially all of the net assets of Tri-Town Precision Plastics, Inc., or TTPP, which we refer to as the DRP Acquisition. <font style="color:#000000;">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, which we refer to as the BTI Acquisition. See Note 3 – </font><font style="font-style:italic;color:#000000;">Acquisitions </font><font style="color:#000000;">below for more information regarding these transactions. These acquisitions have been accounted for in accordance with ASC 805-20, </font><font style="font-style:italic;color:#000000;">Business Combinations,</font><font style="color:#000000;"> and, accordingly, the results of operations from the acquired businesses have been included in our consolidated financial statements following the acquisition dates.</font></p></div> | |
| CY2015Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
6894000 | |
| CY2015Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
80094000 | |
| CY2015Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
10099000 | |
| CY2015Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
69995000 | |
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
81270000 | |
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
73320000 | |
| CY2015Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
80635000 | |
| CY2015Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
7406000 | |
| CY2015Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
7492000 | |
| CY2015Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
6061000 | |
| CY2015Q3 | us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
The Revolving Line provides for availability until June 15, 2020 for general corporate purposes, and borrowings bear interest at a variable rate equal to LIBOR or prime plus an applicable margin based on our consolidated leverage ratio, at our election. | |
| CY2015Q2 | swhc |
Percentage Of Interest Rate Protection
PercentageOfInterestRateProtection
|
0.75 | |
| CY2015Q3 | us-gaap |
Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
|
181000 | |
| CY2015Q3 | swhc |
Maximum Consolidated Coverage Ratio
MaximumConsolidatedCoverageRatio
|
3.00 | |
| CY2015Q3 | swhc |
Minimum Consolidated Coverage Ratio
MinimumConsolidatedCoverageRatio
|
1.00 | |
| CY2015Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
42467000 | |
| CY2015Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
28240000 | |
| CY2015Q3 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
34152000 | |
| CY2015Q2 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
34269000 | |
| CY2015Q3 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-3000000 | |
| CY2015Q2 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-4100000 | |
| CY2015Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
|
12000000 | |
| CY2015Q3 | us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2020-06-15 | |
| CY2015Q3 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P6Y | |
| CY2015Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
81718000 | |
| CY2015Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2200000 | |
| CY2014Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
161000 | |
| CY2015Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | |
| CY2015Q3 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | |
| CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1259000 | |
| CY2014Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1316000 | |
| CY2015Q3 | swhc |
Per Common Share Effect Of Dilutive Stock Awards
PerCommonShareEffectOfDilutiveStockAwards
|
-0.01 | |
| CY2014Q3 | swhc |
Per Common Share Effect Of Dilutive Stock Awards
PerCommonShareEffectOfDilutiveStockAwards
|
-0.01 | |
| CY2015Q3 | swhc |
Number Of Stock Option Plans
NumberOfStockOptionPlans
|
2 | |
| CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1879630 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2258349 | |
| CY2015Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
132599 | |
| CY2014Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
99554 | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1747031 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2158795 | |
| CY2015Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y15D | |
| CY2014Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y9M26D | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1745865 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1892631 | |
| CY2015Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y15D | |
| CY2014Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y7M6D | |
| CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.37 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.15 | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.78 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
4.25 | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.49 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.24 | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.48 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.23 | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
17000000 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
13800000 | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
17000000 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
12200000 | |
| CY2015Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1400000 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1000000 | |
| CY2015Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
0 | |
| CY2015Q3 | swhc |
Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
|
P3Y | |
| CY2015Q3 | swhc |
Share Based Compensation Percentage Of Target Award Granted For Calculating Maximum Aggregate Award Of Performance Share
ShareBasedCompensationPercentageOfTargetAwardGrantedForCalculatingMaximumAggregateAwardOfPerformanceShare
|
2.00 | |
| CY2015 | swhc |
Percentage Of Stock Outperform In Order For Target Award To Vest
PercentageOfStockOutperformInOrderForTargetAwardToVest
|
0.05 | |
| CY2014 | swhc |
Percentage Of Stock Outperform In Order For Target Award To Vest
PercentageOfStockOutperformInOrderForTargetAwardToVest
|
0.10 | |
| CY2013 | swhc |
Percentage Of Stock Outperform In Order For Target Award To Vest
PercentageOfStockOutperformInOrderForTargetAwardToVest
|
0.10 | |
| CY2015Q3 | swhc |
Number Of Product Liability Cases
NumberOfProductLiabilityCases
|
7 | |
| CY2015Q3 | swhc |
Number Of Other Product Liability Claims
NumberOfOtherProductLiabilityClaims
|
8 | |
| CY2015Q3 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
1800000 | |
| CY2015Q3 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
675000 | |
| CY2015Q2 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
675000 | |
| CY2014Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
3000000 | |
| CY2014Q2 | swhc |
Escrow Deposit Remaining Amount
EscrowDepositRemainingAmount
|
1400000 | |
| CY2015Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 |
