Yahoo shows just under 20 million shares outstanding. Is this close to accurate because if they buy back $100 million at $10, that drops the in half.
Anyway, from the most recent RGR 10Q Report:
"During the three months ended March 30, 2013, the Company did not repurchase any shares of its
common stock. As of March 30, 2013, $8.0 million remained available for future stock repurchases."
I suspect they do buyback about as fast as they issue free shares to management. That way the dilution effect of the free shares to management is obscured.
I think you are conflating RGR and SWHC. The buy back is an SWHC program. SWHC has about 65 million shares
Ruger has repurchased stock for the past several years. They continue to hold money for stock repurchase and roll the balance over every year.