Smith & Wesson Brands (SWBI) 10-Q 5 Mar 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2020	Mar. 03, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Registrant Name	American Outdoor Brands Corporation
Entity Central Index Key	0001092796
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	001-31552
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	87-0543688
Entity Address, Address Line One	2100 Roosevelt Avenue
Entity Address, City or Town	Springfield
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01104
City Area Code	800
Local Phone Number	331-0852
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		55,068,297
Title of each Class	Common Stock, par value $.001 per share
Trading Symbol	AOBC
Name of exchange on which registered	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Current assets:
Cash and cash equivalents	$ 46,101	$ 41,015
Accounts receivable, net of allowance for doubtful accounts of $2,010 on January 31, 2020 and $1,899 on April 30, 2019	101,822	84,907
Inventories	201,536	163,770
Prepaid expenses and other current assets	9,575	6,528
Income tax receivable	4,749	2,464
Total current assets	363,783	298,684
Property, plant, and equipment, net	164,341	183,268
Intangibles, net	78,346	91,840
Goodwill	182,267	182,269
Other assets	19,410	10,728
Assets, Total	808,147	766,789
Current liabilities:
Accounts payable	31,843	35,584
Accrued expenses and deferred revenue	43,131	39,322
Accrued payroll and incentives	14,189	21,473
Accrued income taxes	265	175
Accrued profit sharing	1,699	2,830
Accrued warranty	4,208	5,599
Current portion of notes and loans payable		6,300
Total current liabilities	95,335	111,283
Deferred income taxes	9,595	9,776
Notes and loans payable, net of current portion	199,034	149,434
Finance lease payable, net of current portion	40,202	45,400
Other non-current liabilities	13,482	6,452
Total liabilities	357,648	322,345
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, $.001 par value, 20,000,000 shares authorized, no shares issued or outstanding
Common stock, $.001 par value, 100,000,000 shares authorized, 73,234,996 issued and 55,068,134 shares outstanding on January 31, 2020 and 72,863,624 shares issued and 54,696,762 shares outstanding on April 30, 2019	73	73
Additional paid-in capital	264,866	263,180
Retained earnings	407,862	402,946
Accumulated other comprehensive income	73	620
Treasury stock, at cost (18,166,862 shares on January 31, 2020 and April 30, 2019)	(222,375)	(222,375)
Total stockholders’ equity	450,499	444,444
Liabilities and Equity, Total	$ 808,147	$ 766,789

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 2,010	$ 1,899
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	73,234,996	72,863,624
Common stock, shares outstanding	55,068,134	54,696,762
Treasury stock, shares	18,166,862	18,166,862

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Income Statement [Abstract]
Net sales	[1]	$ 166,695	$ 162,008	$ 444,753	$ 462,544
Cost of sales	[1]	111,492	107,949	291,390	299,677
Gross profit	[1]	55,203	54,059	153,363	162,867
Operating expenses:
Research and development		3,192	3,297	9,410	9,358
Selling, marketing, and distribution		19,294	15,373	55,419	42,279
General and administrative		21,810	27,026	71,601	78,065
Goodwill impairment			10,396		10,396
Total operating expenses		44,296	56,092	136,430	140,098
Operating income/(loss)	[1]	10,907	(2,033)	16,933	22,769
Other (expense)/income, net:
Other income/(expense), net		(18)	47	73	38
Interest expense, net		(2,885)	(2,548)	(8,551)	(6,822)
Total other (expense)/income, net		(2,903)	(2,501)	(8,478)	(6,784)
Income from operations before income taxes		8,004	(4,534)	8,455	15,985
Income tax expense	[1]	2,273	1,191	3,539	7,399
Net income/(loss)		5,731	(5,725)	4,916	8,586
Comprehensive loss:
Change in unrealized loss on interest rate swap		(92)	(834)	(710)	(991)
Other comprehensive loss, before income taxes		(92)	(834)	(710)	(991)
Income tax benefit on other comprehensive loss		26	217	163	257
Other comprehensive loss, net of tax		(66)	(617)	(547)	(734)
Comprehensive income/(loss):		$ 5,665	$ (6,342)	$ 4,369	$ 7,852
Net income/(loss) per share:
Basic		$ 0.10	$ (0.10)	$ 0.09	$ 0.16
Diluted		$ 0.10	$ (0.10)	$ 0.09	$ 0.16
Weighted average number of common shares outstanding:
Basic		55,064	54,544	54,919	54,444
Diluted		55,744	54,544	55,641	55,132
[1]	We allocate all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Treasury Stock
Balance at Apr. 30, 2018	$ 422,148	$ 72	$ 253,616	$ 389,146	$ 1,689	$ (222,375)
Balance (in shares) at Apr. 30, 2018		72,434,000
Treasury stock, shares at Apr. 30, 2018						18,167,000
Proceeds from exercise of employee stock options	$ 215		215
Proceeds from exercise of employee stock options (in shares)	32,899	33,000
Stock-based compensation	$ 6,070		6,070
Shares issued under employee stock purchase plan	943		943
Shares issued under employee stock (in shares)		108,000
Change in unrealized loss on interest rate swap, net of tax effect	(734)				(734)
Impact of adoption of accounting standard updates	(4,610)			(4,610)
Issuance of common stock under restricted stock unit awards, net of shares surrendered	(631)	$ 1	(632)
Issuance of common stock under restricted stock unit awards, net of shares surrendered (in shares)		140,000
Net income (loss)	8,586			8,586
Balance at Jan. 31, 2019	431,987	$ 73	260,212	393,122	955	$ (222,375)
Balance (in shares) at Jan. 31, 2019		72,715,000
Treasury stock, shares at Jan. 31, 2019						18,167,000
Balance at Oct. 31, 2018	$ 436,242	$ 73	258,126	398,846	1,572	$ (222,375)
Balance (in shares) at Oct. 31, 2018		72,706,000
Treasury stock, shares at Oct. 31, 2018						18,167,000
Proceeds from exercise of employee stock options (in shares)	0
Stock-based compensation	$ 2,118		2,118
Change in unrealized loss on interest rate swap, net of tax effect	(617)				(617)
Issuance of common stock under restricted stock unit awards, net of shares surrendered	(32)		(32)
Issuance of common stock under restricted stock unit awards, net of shares surrendered (in shares)		9,000
Other (rounding)	1			1
Net income (loss)	(5,725)			(5,725)
Balance at Jan. 31, 2019	431,987	$ 73	260,212	393,122	955	$ (222,375)
Balance (in shares) at Jan. 31, 2019		72,715,000
Treasury stock, shares at Jan. 31, 2019						18,167,000
Balance at Apr. 30, 2019	$ 444,444	$ 73	263,180	402,946	620	$ (222,375)
Balance (in shares) at Apr. 30, 2019	54,696,762	72,864,000
Treasury stock, shares at Apr. 30, 2019	18,166,862					18,167,000
Proceeds from exercise of employee stock options	$ 74		74
Proceeds from exercise of employee stock options (in shares)	15,000	15,000
Stock-based compensation	$ 1,344		1,344
Shares issued under employee stock purchase plan	862		862
Shares issued under employee stock (in shares)		173,000
Change in unrealized loss on interest rate swap, net of tax effect	(547)				(547)
Issuance of common stock under restricted stock unit awards, net of shares surrendered	(594)		(594)
Issuance of common stock under restricted stock unit awards, net of shares surrendered (in shares)		183,000
Net income (loss)	4,916			4,916
Balance at Jan. 31, 2020	$ 450,499	$ 73	264,866	407,862	73	$ (222,375)
Balance (in shares) at Jan. 31, 2020	55,068,134	73,235,000
Treasury stock, shares at Jan. 31, 2020	18,166,862					18,167,000
Balance at Oct. 31, 2019	$ 446,550	$ 73	266,582	402,131	139	$ (222,375)
Balance (in shares) at Oct. 31, 2019		73,226,000
Treasury stock, shares at Oct. 31, 2019						18,167,000
Proceeds from exercise of employee stock options (in shares)	0
Stock-based compensation	$ (1,672)		(1,672)
Change in unrealized loss on interest rate swap, net of tax effect	(66)				(66)
Issuance of common stock under restricted stock unit awards, net of shares surrendered	(44)		(44)
Issuance of common stock under restricted stock unit awards, net of shares surrendered (in shares)		9,000
Net income (loss)	5,731			5,731
Balance at Jan. 31, 2020	$ 450,499	$ 73	$ 264,866	$ 407,862	$ 73	$ (222,375)
Balance (in shares) at Jan. 31, 2020	55,068,134	73,235,000
Treasury stock, shares at Jan. 31, 2020	18,166,862					18,167,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities:
Net income	$ 4,916	$ 8,586
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Depreciation and amortization	41,083	39,624
Loss/(gain) on sale/disposition of assets	780	(1,033)
Provision for losses on notes and accounts receivable	551	832
Goodwill impairment		10,396
Deferred income taxes	(18)	(1,519)
Change in fair value of contingent consideration	100	(60)
Stock-based compensation expense	1,344	6,070
Changes in operating assets and liabilities:
Accounts receivable	(17,466)	(19,347)
Inventories	(37,766)	(20,186)
Prepaid expenses and other current assets	(3,047)	(591)
Income taxes	(2,195)	1,146
Accounts payable	(3,610)	664
Accrued payroll and incentives	(7,284)	5,815
Accrued profit sharing	(1,131)	297
Accrued expenses and deferred revenue	529	(8,532)
Accrued warranty	(1,391)	(1,550)
Other assets	2,429	10
Other non-current liabilities	(2,865)	123
Net cash (used in)/provided by operating activities	(25,041)	20,745
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired		(1,791)
Payments to acquire patents and software	(551)	(355)
Proceeds from sale of property and equipment		1,223
Payments to acquire property and equipment	(11,751)	(25,989)
Net cash used in investing activities	(12,302)	(26,912)
Cash flows from financing activities:
Proceeds from loans and notes payable	228,225	50,000
Cash paid for debt issuance costs	(875)
Payments on finance lease obligation	(663)	(1,025)
Payments on notes and loans payable	(184,600)	(54,725)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan	936	1,158
Payment of employee withholding tax related to restricted stock units	(594)	(631)
Net cash provided by/(used in) financing activities	42,429	(5,223)
Net increase/(decrease) in cash and cash equivalents	5,086	(11,390)
Cash and cash equivalents, beginning of period	41,015	48,860
Cash and cash equivalents, end of period	46,101	37,470
Supplemental disclosure of cash flow information Cash paid for:
Interest	8,422	5,554
Income taxes	5,755	6,885
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Purchases of property and equipment included in accounts payable	436	1,606
Purchases of property and equipment funded by capital lease		24,271
Capital lease obligation		24,271
Changes in other assets for operating lease obligations	11,821
Impact of adoption of accounting standard updates		$ (4,610)
Changes in lease liabilities for operating lease obligations	12,790
ASU 2016-02 | Change in Property and Equipment
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Impact of adoption of accounting standard updates	3,276
ASU 2016-02 | Changes in Finance Lease Liabilities
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Impact of adoption of accounting standard updates	$ (4,245)

Organization

Organization	9 Months Ended
	Jan. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	(1) Organization: We are a leading manufacturer, designer, and provider of consumer products for the shooting, hunting, and rugged outdoor enthusiast. 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 and suppressor markets. We are also a leading provider of shooting, hunting, and rugged outdoor products and accessories, including knives and cutting tools, sighting lasers, shooting supplies, tree saws, and survival gear. In our Firearms segment, we manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and muzzleloaders), handcuffs, suppressors, and other firearm-related products 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 sell our firearm products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands. We manufacture our firearm products at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. We also sell our manufacturing services to other businesses to level-load our factories. We sell those services under our Smith & Wesson and Smith & Wesson Precision Components brands. In our Outdoor Products & Accessories segment, we design, source, distribute, and manufacture reloading, gunsmithing, and gun cleaning supplies; high-quality stainless steel cutting tools and accessories; flashlights; tree saws and related trimming accessories; shooting supplies, rests, and other related accessories; fishing accessories; apparel; vault accessories; laser grips and laser sights; and a full range of products for survival and emergency preparedness. We sell our products under the Caldwell, Crimson Trace, Wheeler, Tipton, Frankford Arsenal, Schrade, Imperial, Uncle Henry, BUBBA, UST, Lockdown, Hooyman, BOG, Old Timer, LaserLyte, and KeyGear brands. We also offer firearms and non-firearms accessories, such as flashlights and knives, under our brands in our firearms business, including Smith & Wesson, M&P, Performance Center, and Thompson/Center Arms. We develop and market our outdoor products and accessories at our facilities in Columbia, Missouri and Wilsonville, Oregon. On November 12, 2019, our Board of Directors approved proceeding with a plan to spin-off our outdoor products and accessories business as a tax-free stock dividend to our stockholders. Pending final approval of our Board of Directors, customary regulatory approvals, and tax and legal considerations, the spin-off is expected to be completed in the second half of calendar 2020 and would create two independent publicly traded companies: Smith & Wesson Brands, Inc. (which would encompass our firearm business) and American Outdoor Brands, Inc. (which would encompass our outdoor products and accessories business). The purpose of the spin-off is to enable the management team of each company to focus on its specific strategies, including (1) structuring its business to take advantage of growth opportunities in its specific markets; (2) tailoring its business operation and financial model to its specific long-term strategies; and (3) aligning its external financial resources, such as stock, access to markets, credit, and insurance factors, with its particular type of business. In connection with the proposed spin-off, we expect to incur restructuring charges of approximately $9.0 million to $12.0 million relating to legal, regulatory, and financial services, reorganization and restructuring costs, and start-up costs for the new company beginning in our second quarter of fiscal 2020 and concluding in the second half of calendar 2020. For the nine months ended January 31, 2020, we have recorded approximately $1.2 million of costs associated with the spin-off, which was recorded to general and administrative expenses in the condensed consolidated statements of income/(loss).

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	(2) Basis of Presentation: Interim Financial Information – The condensed consolidated balance sheet as of January 31, 2020, the condensed consolidated statements of income/(loss) and comprehensive income/(loss) for the three and nine months ended January 31, 2020 and 2019, the condensed consolidated statement of changes in stockholders’ equity for the nine months ended January 31, 2020 and 2019, and the condensed consolidated statements of cash flows for the nine months ended January 31, 2020 and 2019 have been prepared by us without audit. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in stockholders’ equity, and cash flows at January 31, 2020 and for the periods presented, have been included. All intercompany transactions have been eliminated in consolidation. The consolidated balance sheet as of April 30, 2019 has been derived from our audited consolidated financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2019. The results of operations for the nine months ended Revenue Recognition - We recognize revenue in accordance with the provisions of Accounting Standards Update, or ASU, (Topic 606), which became effective for us on May 1, 2018. Generally, all performance obligations are satisfied and revenue is recognized when the risks and rewards of ownership have transferred to the customer, which is generally upon shipment but could be delayed until the receipt of customer acceptance. In some instances, sales include multiple performance obligations. The most common of these instances relates to sales promotion programs that entitle customers to receive free goods based upon their purchase of our products. The fulfillment of these free goods is our responsibility. In such instances, we allocate the revenue of the promotional sales based on the estimated level of participation in the sales promotional program and the timing of the shipment of all of the products included in the promotional program, including the free goods. We recognize revenue proportionally as each performance obligation is satisfied, based on the relative transaction price of each product. The net change in contract liabilities for a given period is reported as an increase or decrease to sales. Our product sales are generally sold free on board, or FOB, shipping point and provide payment terms to most commercial customers ranging from 20 to 90 days of product shipment with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year. In all cases, we consider our costs related to shipping and handling to be a cost of fulfilling the contract with the customer. Insurance Reserves — In January 2020, we formed a wholly owned captive insurance company, SW Insurance Company, which provides product liability insurance to us and our subsidiaries. This captive insurance company was recorded in our condensed consolidated financial statements for the three and nine months ended January 31, 2020. We are self-insured through retentions or deductibles for the majority of our workers’ compensation, automobile, general liability, product liability, and group health insurance programs. Self-insurance amounts vary up to $10.0 million per occurrence; however, we believe the likelihood of reaching the maximum per occurrence limit is remote. We record our liability for estimated premiums and incurred losses in the accompanying consolidated financial statements on an undiscounted basis. Recently Issued Accounting Standards – In February 2016, the Financial Accounting Standards Board, or FASB, issued ASU 2016-02, (Topic 842), or ASU 2016-02, which amends the existing guidance to require lessees to recognize right-of-use assets and lease liabilities in a classified balance sheet. The most prominent among the changes in the standard is the requirement for lessees to recognize right-of-use assets and lease liabilities for those leases classified as operating leases under current GAAP. The requirements of ASU 2016-02 are effective for financial statements for annual periods beginning after December 15, 2018, and early adoption is permitted. We utilized leasing software to assist us in the accounting and tracking of leases and used the optional transitional method allowed by ASU 2018-11, (Topic 842): Targeted Improvements. Under this method, we applied the standard using the modified retrospective method with an adoption date of May 1, 2019. We elected to use the package of practical expedients, which permits us to not reassess certain lease contract provisions. We adopted ASU 2016-02 effective May 1, 2019 and recognized right-of-use assets of $11.5 million and lease liabilities of $12.8 million. The difference between the right-of-use assets and the lease liabilities of $1.3 million is a result of the reclassification of deferred rent and lease incentive liabilities primarily relating to our real estate operating leases into the right-of use assets, which had no impact to retained earnings. See also Note 3 — , for more information. In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses

Leases

Leases	9 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Leases	(3) Leases: We lease certain of our real estate, machinery, photocopiers, and vehicles under non-cancelable operating lease agreements. We recognize expenses under our operating lease assets and liabilities at the commencement date based on the present value of lease payments over the lease term. Our leases do not provide an implicit interest rate. We use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. Our lease agreements do not require material variable lease payments, residual value guarantees, or restrictive covenants. For operating leases, we recognize expense on a straight-line basis over the lease term. Tenant improvement allowances are recorded as an offsetting adjustment included in our calculation of the respective right-of-use asset. Many of our leases include renewal options that can extend the lease term. The execution of those renewal options is at our sole discretion and are reflected in the lease term when they are reasonably certain to be exercised. The depreciable life of assets and leasehold improvements are limited by the expected lease term. The amounts of assets and liabilities related to our operating and financing leases as of January 31, 2020 were as follows (in thousands): Balance Sheet Caption January 31, 2020 Operating Leases Right-of-use assets $ 11,782 Accumulated amortization (1,982 ) Right-of-use assets, net Other assets $ 9,800 Current liabilities Accrued expenses and deferred revenue $ 2,731 Non-current liabilities Other non-current liabilities 8,158 Total operating lease liabilities $ 10,889 Finance Leases Right-of-use assets $ 40,986 Accumulated depreciation (1,590 ) Right-of-use assets, net Property, plant, and equipment, net $ 39,396 Current liabilities Accrued expenses and deferred revenue 971 Non-current liabilities Finance lease payable, net of current portion 40,202 Total finance lease liabilities $ 41,173 During the three months ended January 31, 2019, w e recorded $1.1 million of operating lease costs, of which $293,000 relates to short-term leases, and not recorded as right-of-use assets. We recorded $526,000 of financing lease amortization, and $515,000 was financing lease interest expense during the three months ended January 31, 2020. During the nine months ended January 31, 2020, we recorded $2.8 million of operating lease costs, of which $772,000 relates to short-term leases, and not recorded as right-of-use assets. We recorded $1.6 million of financing lease amortization, and $1.6 million of financing lease interest expense during the nine months ended January 31, 2020. As of January 31, 2020, our weighted average lease term and weighted average discount rate for our operating leases was 4.2 years and 4.4%, respectively. As of January 31, 2020, our weighted average lease term and weighted average discount rate for our financing leases was 18.7 years and 5.0%, respectively, and consisted primarily of our national logistics facility located in Columbia, Missouri. The depreciable lives of right-of-use assets are limited by the lease term and are amortized on a straight-line basis over the life of the lease. Future lease payments for all our operating and finance leases for succeeding fiscal years is as follows (in thousands): Operating Financing Total 2020 $ 864 $ 748 $ 1,612 2021 3,125 3,016 6,141 2022 2,920 3,056 5,976 2023 2,769 3,071 5,840 2024 1,722 3,125 4,847 2025 330 3,180 3,510 Thereafter 679 48,853 49,532 Total future lease payments 12,409 65,049 77,458 Less amounts representing interest (1,520 ) (23,876 ) (25,396 ) Present value of lease payments 10,889 41,173 52,062 Less current maturities of lease liabilities (2,731 ) (971 ) (3,702 ) Long-term maturities of lease liabilities $ 8,158 $ 40,202 $ 48,360 During the three and nine months ended January 31, 2020, the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $1.5 million and $4.3 million, respectively.

Revenue Recognition and Contrac

Revenue Recognition and Contracts with Customers	9 Months Ended
	Jan. 31, 2020
Revenue From Contract With Customer [Abstract]
Revenue Recognition and Contracts with Customers	(4) Revenue Recognition and Contracts with Customers: On May 1, 2018, we adopted ASU 2014-09 Revenue from Contracts with Customers Segment Reporting. The following table outlines the impact of the adoption of ASU 2014-09 on revenue recognized during the nine-month periods ended January 31, 2020 and 2019 (in thousands): 2020 2019 Outstanding performance obligations at beginning of period $ 12,213 $ 23,305 Revenue recognized (14,571 ) (13,998 ) Revenue deferred 5,472 4,314 Outstanding performance obligations at July 31 3,114 13,621 Revenue recognized (7,716 ) (12,337 ) Revenue deferred 10,104 7,667 Outstanding performance obligations as of October 31 5,502 8,951 Revenue recognized (9,492 ) (10,229 ) Revenue deferred 11,093 9,064 Outstanding performance obligations as of January 31 $ 7,103 $ 7,786 During the nine months ended January 31, 2020, we recognized $31.8 million of deferred revenue, of which $10.5 million was previously deferred as of April 30, 2019, as the performance obligations relating to sales promotions were satisfied. This recognition of revenue was partially offset by $26.7 million of additional deferred revenue for outstanding performance obligations relating to sales promotions that have not been satisfied, which was recorded to accrued expenses and deferred revenue in the condensed consolidated balance sheet. This resulted in a $5.1 million net increase in revenue recognized during the nine months ended January 31, 2020. We estimate that the majority of revenue from the outstanding performance obligations as of January 31, 2020 will be recognized during fiscal 2020. During the nine months ended January 31, 2019, we recognized $36.6 million, of which $22.6 million was previously deferred as of May 1, 2018, the date we adopted ASU 2014-09, as the performance obligations relating to sales promotions were satisfied. This recognition of revenue was partially offset by $21.0 million of additional deferred revenue for outstanding performance obligations relating to sales promotions that have not been satisfied, which was recorded to accrued expenses and deferred revenue in the condensed consolidated balance sheet. This resulted in a $15.5 million net increase in revenue during the nine months ended January 31, 2019.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jan. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	(5) Goodwill and Intangible Assets: The changes in the carrying amount of goodwill for the three and nine months ended January 31, 2020 by reporting segment were as follows: Outdoor Products & Firearms Segment Accessories Segment Total Goodwill Balance as of April 30, 2019 $ 19,024 $ 163,245 $ 182,269 Adjustments — (2 ) (2 ) Balance as of July 31, 2019 19,024 163,243 182,267 Adjustments — — — Balance as of October 31, 2019 19,024 163,243 182,267 Adjustments — — — Balance as of January 31, 2020 $ 19,024 $ 163,243 $ 182,267 See Note 12 — Segment Reporting The following table presents a summary of intangible assets as of January 31, 2020 and April 30, 2019 (in thousands): January 31, 2020 April 30, 2019 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 92,560 $ (50,325 ) $ 42,235 $ 92,560 $ (41,643 ) $ 50,917 Developed technology 21,788 (11,968 ) 9,820 21,230 (10,428 ) 10,802 Patents, trademarks, and trade names 57,775 (32,859 ) 24,916 57,477 (28,479 ) 28,998 Backlog 1,150 (1,150 ) — 1,150 (1,150 ) — 173,273 (96,302 ) 76,971 172,417 (81,700 ) 90,717 Patents in progress 1,045 — 1,045 897 — 897 Total definite-lived intangible assets 174,318 (96,302 ) 78,016 173,314 (81,700 ) 91,614 Indefinite-lived intangible assets 330 — 330 226 — 226 Total intangible assets $ 174,648 $ (96,302 ) $ 78,346 $ 173,540 $ (81,700 ) $ 91,840 We amortize intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed technology, and five years for patents, trademarks, and trade names. Amortization expense, excluding amortization of deferred financing costs, amounted to $4.8 million and $5.5 million for the three months ended January 31, 2020 and 2019, respectively. Amortization expense, excluding amortization of deferred financing costs, amounted to $14.4 million and $16.5 million for the nine months ended January 31, 2020 and 2019, respectively. Estimated amortization expense of intangible assets for the remainder of fiscal 2020 and succeeding fiscal years is as follows (in thousands): Fiscal Amount 2020 $ 4,857 2021 16,795 2022 14,410 2023 11,855 2024 10,107 Thereafter 18,947 Total $ 76,971

Notes, Loans Payable, and Finan

Notes, Loans Payable, and Financing Arrangements	9 Months Ended
	Jan. 31, 2020
Debt Disclosure [Abstract]
Notes, Loans Payable, and Financing Arrangements	(6) Notes, Loans Payable, and Financing Arrangements: Credit Facilities – On June 15, 2015, we and certain of our domestic subsidiaries entered into an unsecured credit facility, or the Credit Agreement, with TD Bank, N.A. and other lenders, or the Lenders, which included a $175.0 million revolving line of credit, or the Revolving Line, and a $105.0 million term loan, or the Term Loan. The Term Loan was paid in full on November 19, 2019 with proceeds from the Revolving Line. The Revolving Line provides for availability for general corporate purposes, with borrowings to bear interest at a variable rate equal to LIBOR or prime plus an applicable margin based on our consolidated leverage ratio, at our election. On October 27, 2016, we entered into a second amendment to our Credit Agreement, or the Second Amendment, which, among other things, increased the Revolving Line to $350.0 million, increased the option to expand the credit commitment to an additional $150.0 million, and extended the maturity of the Revolving Line from June 15, 2020 to October 27, 2021. On November 22, 2019, we entered into a fifth amendment to our Credit Agreement, or the Fifth Amendment, which, among other things, provides the Lenders’ consent to the spin-off of our outdoor products and accessories business, provided that certain financial conditions are satisfied, including (x) granting the Lenders security interest in the assets of the remaining business, (y) reducing the Revolving Line to $250.0 million at the time of the spin-off, and (z) reducing the option to expand the credit agreement to $50.0 million at the time of the spin-off. Other than the changes described in the Second and Fifth Amendments, we otherwise remain subject to the terms of the Credit Agreement, as described below. As of January 31, 2020, we had $200.0 million of borrowings outstanding on the Revolving Line, which bore interest at 3.92%, which is equal to the LIBOR rate plus an applicable margin. We were required to obtain interest rate protection on the Term Loan covering not less than 75% of the aggregate outstanding principal balance of the Term Loan. Accordingly, on June 18, 2015, we entered into an interest rate swap agreement that covered 100% of the $105.0 million of floating rate debt. On July 6, 2015, we executed an interest rate swap pursuant to such agreement, which required us to pay interest at a defined rate of 1.56% while receiving interest at a defined variable rate equal to the one-month LIBOR rate. This swap, when combined with the applicable margin based on our consolidated leverage ratio, effectively fixed our interest rate on the Term Loan, which was subject to change based on changes in our consolidated leverage ratio. In accordance with the repayment of the Term Loan on November 19, 2019, the interest rate swap was terminated resulting in a realized gain of approximately $40,000. 2020 Senior Notes – On February 28, 2018, we issued an aggregate of $75.0 million of the 2020 Senior Notes to various institutional investors pursuant to the terms and conditions of an indenture, or the 2020 Senior Notes Indenture, and purchase agreements. The 2020 Senior Notes bore interest at a rate of 5.000% per annum payable on February 28 and August 28 of each year, beginning on August 28, 2018. We incurred $158,000 of debt issuance costs related to the issuance of the 2020 Senior Notes. The Credit Agreement for our credit facility contains financial covenants relating to maintaining maximum leverage and minimum debt service coverage. Letters of Credit – At January 31, 2020, we had outstanding letters of credit aggregating $2.5 million, which included a $1.5 million letter of credit to collateralize our newly created captive insurance company.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurement	(7) Fair Value Measurement: We follow the provisions of ASC 820-10, Fair Value Measurements and Disclosures Topic Financial assets and liabilities recorded on the accompanying condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: Level 1 — Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access at the measurement date (examples include active exchange-traded equity securities, listed derivatives, and most U.S. Government and agency securities). Our cash and cash equivalents, which are measured at fair value on a recurring basis, totaled $46.1 million and $41.0 million as of January 31, 2020 and April 30, 2019, respectively. We utilized Level 1 of the value hierarchy to determine the fair values of these assets. Level 2 — Financial assets and liabilities whose values are based on quoted prices in markets in which trading occurs infrequently or whose values are based on quoted prices of instruments with similar attributes in active markets. Level 2 inputs include the following: • quoted prices for identical or similar assets or liabilities in non-active markets (such as corporate and municipal bonds which trade infrequently); • inputs other than quoted prices that are observable for substantially the full term of the asset or liability (such as interest rate and currency swaps); and • inputs that are derived principally from or corroborated by observable market data for substantially the full term of the asset or liability (such as certain securities and derivatives). Level 3 — Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect our assumptions about the assumptions a market participant would use in pricing the asset or liability. The acquisition-related contingent consideration liability represents the estimated fair value of additional future earn-outs payable for acquisitions of businesses that included earn-out clauses. The valuation of the contingent consideration will be evaluated on an ongoing basis and is based on management estimates and entity-specific assumptions, which are considered Level 3 inputs. In connection with the Gemtech acquisition, up to a maximum of $17.1 million may be paid contingent upon the cumulative three-year Business Combinations

Inventories

Inventories	9 Months Ended
	Jan. 31, 2020
Inventory Disclosure [Abstract]
Inventories	(8) Inventories: The following table sets forth a summary of inventories, net of reserves, stated at lower of cost or net realizable value, as of January 31, 2020 and April 30, 2019 (in thousands): January 31, 2020 April 30, 2019 Finished goods (a) $ 142,449 $ 108,247 Finished parts 39,236 36,181 Work in process 5,574 7,576 Raw material 14,277 11,766 Total inventories $ 201,536 $ 163,770 (a) The increase in finished goods inventory relates primarily to the Firearms segment.

Accrued Expenses and Deferred R

Accrued Expenses and Deferred Revenue	9 Months Ended
	Jan. 31, 2020
Payables And Accruals [Abstract]
Accrued Expenses and Deferred Revenue	(9) Accrued Expenses and Deferred Revenue: The following table sets forth other accrued expenses as of January 31, 2020 and April 30, 2019 (in thousands): January 31, 2020 April 30, 2019 Deferred revenue $ 7,103 $ 12,213 Accrued rebates and promotions 6,106 4,877 Accrued taxes other than income 5,727 6,078 Accrued employee benefits 5,672 5,241 Accrued professional fees 4,018 2,649 Right-of-use lease liabilities 2,731 — Accrued distributor incentives 2,673 1,895 Accrued commissions 1,189 1,004 Interest payable 498 737 Current portion of capital lease obligation 971 681 Accrued other 6,443 3,947 Total accrued expenses and deferred revenue $ 43,131 $ 39,322

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jan. 31, 2020
Equity [Abstract]
Stockholders' Equity	(10) Stockholders’ Equity: Earnings per Share The following table provides a reconciliation of the net income/(loss) amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three and nine months ended January 31, 2020 and 2019 (in thousands, except per share data): For the Three Months Ended January 31, 2020 2019 Net Per Share Net Per Share Income Shares Amount Loss Shares Amount Basic earnings $ 5,731 55,064 $ 0.10 $ (5,725 ) 54,544 $ (0.10 ) Effect of dilutive stock awards — 680 — — — — Diluted earnings $ 5,731 55,744 $ 0.10 $ (5,725 ) 54,544 $ (0.10 ) For the Nine Months Ended January 31, 2020 2019 Net Per Share Net Per Share Income Shares Amount Income Shares Amount Basic earnings $ 4,916 54,919 $ 0.09 $ 8,586 54,444 $ 0.16 Effect of dilutive stock awards — 722 — — 688 — Diluted earnings $ 4,916 55,641 $ 0.09 $ 8,586 55,132 $ 0.16 For the three months ended January 31, 2020, we excluded options to purchase 20,664 shares of common stock from the computation of diluted earnings per share because the effect would be antidilutive. All of our outstanding stock options and restricted stock units, or RSUs, were included in the computation of diluted earnings per share for the three months ended January 31, 2019. We included all of our outstanding stock options and RSUs in the computation of diluted earnings per share for the nine months ended January 31, 2020 and 2019. Incentive Stock and Employee Stock Purchase Plans We have two incentive stock plans: the 2004 Incentive Stock Plan and the 2013 Incentive Stock Plan. New grants under the 2004 Incentive Stock Plan have not been made since the approval of the 2013 Incentive Stock Plan at our September 23, 2013 annual meeting of stockholders. All new grants covering all participants are issued under the 2013 Incentive Stock Plan. Except in specific circumstances, grants vest over a period of three or four years and stock options are exercisable for a period of 10 years from the date of grant. The plan also permits the grant of awards to non-employees, which our board of directors has authorized in the past. The number of shares and weighted average exercise prices of stock options for the nine months ended January 31, 2020 and 2019 were as follows: For the Nine Months Ended January 31, 2020 2019 Weighted Weighted Average Average Shares Exercise Price Shares Exercise Price Options outstanding, beginning of year 267,761 $ 6.76 316,160 $ 6.69 Exercised during the period (15,000 ) 5.79 (32,899 ) 6.52 Canceled/forfeited during period (160,667 ) 8.89 — — Options outstanding, end of period 92,094 $ 3.22 283,261 $ 6.71 Weighted average remaining contractual life 0.45 years 2.49 years Options exercisable, end of period 92,094 $ 3.22 283,261 $ 6.71 Weighted average remaining contractual life 0.45 years 2.49 years The aggregate intrinsic value of outstanding and exercisable stock options as of January 31, 2020 and 2019 was $571,000 and $1.5 million, respectively. There were no stock options exercised during the three months ended January 31, 2020 and 2019. The aggregate intrinsic value of the stock options exercised in the nine months ended January 31, 2020 and 2019 was $100,000 and $230,000, respectively. At January 31, 2020, there was no unrecognized compensation expense relating to outstanding stock options. We have an Employee Stock Purchase Plan, or ESPP, in which each participant is granted an option to purchase our common stock on each subsequent exercise date during the offering period (as such terms are defined in the ESPP) in accordance with the terms of the ESPP. The total stock-based compensation expense, including stock options, purchases under our ESPP, RSUs, and performance-based RSUs, or PSUs, was $1.4 million and $6.1 million for the nine months ended January 31, 2020 and 2019, respectively. Stock-based compensation expense is included in cost of sales, sales and marketing, research and development, and general and administrative expenses. We grant service-based RSUs to employees and directors. The awards are made at no cost to the recipient. An RSU represents the right to receive one share of our common stock and does not carry voting or dividend rights. Except in specific circumstances, RSU grants to employees vest over a period of four years with one-fourth We grant PSUs to our executive officers and certain management employees who are not executive officers. The PSUs vest, and the fair value of such PSUs will be recognized, over the corresponding three-year During the nine months ended January 31, 2020, we granted an aggregate of 255,911 service-based RSUs, including 140,271 RSUs to non-executive officer employees and 115,640 RSUs to our directors. Compensation expense related to grants of RSUs and PSUs was $789,000 for the nine months ended January 31, 2020. During the nine months ended January 31, 2020, we cancelled 210,300 PSUs as a result of the service condition not being met, 156,725 PSUs as a result of the failure to satisfy the performance metric, and 236,319 service-based RSUs as a result of the service condition not being met. In connection with the vesting of RSUs, during the nine months ended January 31, 2020, we delivered common stock to our employees and directors, including our executive officers, with a total market value of $2.2 million. During the nine months ended January 31, 2019, we granted an aggregate of 192,085 service-based RSUs, including 142,576 RSUs to non-executive officer employees and 49,509 RSUs to our directors. Compensation expense related to grants of RSUs and PSUs was $5.8 million for the nine months ended January 31, 2019. During the nine months ended January 31, 2019, we cancelled 112,000 PSUs as a result of the failure to satisfy the performance metric and 25,453 service-based RSUs as a result of the failure to satisfy the service condition. In connection with the vesting of RSUs, during the nine months ended January 31, 2019, we delivered common stock to our employees and directors, including our executive officers, with a total market value of $2.4 million. A summary of activity for unvested RSUs and PSUs for the nine months ended January 31, 2020 and 2019 is as follows: For the Nine Months Ended January 31, 2020 2019 Weighted Weighted Total # of Average Total # of Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value RSUs and PSUs outstanding, beginning of period 1,631,631 $ 15.44 1,442,316 $ 17.80 Awarded 255,911 7.55 192,085 12.61 Vested (249,408 ) 17.53 (195,808 ) 19.54 Forfeited (603,344 ) 15.40 (137,453 ) 16.05 RSUs and PSUs outstanding, end of period 1,034,790 $ 13.01 1,301,140 $ 16.99 As of January 31, 2020, there was $3.1 million of unrecognized compensation expense related to unvested RSUs and PSUs. This expense is expected to be recognized over a weighted average remaining contractual term of 1.3 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jan. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(11) Commitments and Contingencies: Litigation In January 2018, Gemini Technologies, Incorporated, or Gemini, commenced an action against us in the U.S. District Court for the District of Idaho, or the District Court. The complaint alleges, among other things, that the defendants breached the earn-out and other provisions of the Asset Purchase Agreement and ancillary agreements between the parties in connection with our acquisition of the Gemtech business from Gemini. The complaint seeks a declaratory judgment interpreting various terms of the Asset Purchase Agreement and damages in the sum of $18.6 million. In May 2018, the District Court dismissed the complaint on the grounds of forum non conveniens forum non conveniens We are a defendant in nine product liability cases and are aware of five other product liability claims, primarily alleging defective product design, defective manufacturing, or failure to provide adequate warnings. In addition, we are a co-defendant in a case filed on August 27, 1999 by the city of Gary, Indiana against numerous firearm manufacturers, distributors, and dealers seeking to recover monetary damages, as well as injunctive relief, allegedly arising out of the misuse of firearms by third parties. In January 2018, the trial court granted defendants’ Motion for Judgment on the Pleadings, dismissing the case in its entirety. In February 2018, plaintiffs appealed the dismissal to the Indiana Court of Appeals. On May 23, 2019, the Indiana Court of Appeals issued a decision, which affirmed in part and reversed in part and remanded for further proceedings, the trial court’s dismissal of the City’s complaint. On July 8, 2019, defendants filed a Petition to Transfer jurisdiction to the Indiana Supreme Court. Briefing was completed in the Indiana Supreme Court on August 5, 2019. On November 26, 2019, the Indiana Supreme Court denied our petition to transfer. The case will now return to the trial court. In May 2018, we were named in an action related to the Parkland, Florida shooting, filed in the Circuit Court, Broward County, Florida, seeking a declaratory judgment that a Florida statute that provides firearm manufacturers and dealers immunity from liability when their legally manufactured and lawfully sold firearms are later used in criminal acts only applies to civil actions commenced by governmental agencies not private litigants. In August 2018, we moved to dismiss the complaint on the grounds that it seeks an impermissible advisory opinion. On December 6, 2018, the court granted defendants’ motion to dismiss without prejudice and granted plaintiffs leave to amend their complaint. On December 10, 2018, plaintiffs filed a Second Amended Complaint for Declaratory Relief. On December 13, 2018, defendants filed a Motion to Dismiss Plaintiffs’ Second Amended Complaint. On November 21, 2019, the court granted defendants’ motion to dismiss plaintiffs’ second amended complaint, with prejudice. I n August 2019, Primus Group, LLC filed an action in the U.S. District Court for the Southern District of Ohio Eastern Division against us and other firearms manufacturers, alleging Racketeer Influenced Corrupt Organizations Act (RICO) violations, racketeering enterprise, and intentional misrepresentation. Plaintiff, wh ich operates as an “entertainment venue” in Columbus, O hio , purports to bring this action on behalf of “all persons entitled to freely attend schools, shopping locations, churches, entertainment venues, and workplaces in the United States without the intrusion of individuals armed with assault weapons.” In addition to compensatory and punitive damages, plaintiff seeks preliminary and permanent injunctive relief enjoining the distribution and sale of “assault weapons.” On August 20, 2019, the court denied without prejudice plaintiff’s Motion for Temporary Restraining Order. On September 3, 2019, defendants moved to dismiss plaintiff’s complaint. On September 16, 2019, plaintiff filed an amended complaint, adding claims of public nuisance, negligent design, and failure to warn. On October 9, 2019, the U.S. District Court granted defendants’ motion, dismissing the case in its entirety. On October 11, 2019, plaintiff filed a notice of appeal with the U.S. Court of Appeals for the Sixth Circuit. On November 1, 2019, the Sixth Circuit dismissed plaintiff’s appeal for failure to pay the required fee. On November 4, 2019, plaintiff-appellant filed, and the Sixth Circuit granted, a motion to reinstate the case. Appellant’s brief is due on March 13 , 20 20 . Our response is due by April 13 , 2020. We are a defendant in a putative class proceeding before the Ontario Superior Court of Justice in Toronto, Canada. The action was filed on December 16, 2019. The action claims CAD$50 million in aggregate general damages, CAD$100 million in aggregate punitive damages, special damages in an unspecified amount, together with interest and legal costs. The named plaintiffs are two victims of a shooting that took place in Toronto on July 22, 2018, and their family members. One victim was shot and injured during the shooting. The other suffered unspecified injuries while fleeing the shooting. We believe that the various allegations as described above are unfounded, and, in addition, that any incident and any results from them or any injuries were due to negligence or misuse of the firearm by the claimant or a third party. On July 31, 2019, our competitor, Sturm, Ruger & Co., Inc., filed a complaint and motion for preliminary injunction against us in the U.S. District Court, District of New Hampshire, seeking injunctive relief and damages. Plaintiff alleges trade dress infringement, involving our Thompson/Center brand T/CR22 rifle, as well as violation of the New Hampshire Consumer Protection Act. A hearing on plaintiff’s motion for preliminary injunction was held in November 2019. On December 2, 2019, plaintiff withdrew its motion for preliminary injunction. John Pidcock, as trustee of the ASPC Creditor Trust (appointed under the plan of reorganization of AcuSport Corp., or AcuSport, as debtor in possession under chapter 11 of the U.S. Bankruptcy Code), is the plaintiff in two separate actions against us in the U.S. Bankruptcy Court for the Southern District of Ohio. The first seeks recovery of alleged preferential transfers received by us from AcuSport in the aggregate amount of $4.2 million. The second seeks turnover of goods allegedly owed to AcuSport by us under one or more of our promotional programs in the amount of $1.5 million. We have filed answers to both complaints denying all material allegations and asserting affirmative defenses. We believe we have strong defenses to these actions and intend to continue to vigorously defend them. We believe that the various allegations as described above are unfounded. In addition, from time to time, we are involved in lawsuits, claims, investigations, and proceedings, including commercial, environmental, and employment matters, which arise in the ordinary course of business. The relief sought in individual cases primarily includes compensatory and, sometimes, punitive damages. Certain of the cases and claims seek unspecified compensatory or punitive damages. In others, compensatory damages sought may range from less than $75,000 to approximately $18.6 million. In our experience, initial demands do not generally bear a reasonable relationship to the facts and circumstances of a particular matter. We believe that our accruals for product liability cases and claims are a reasonable quantitative measure of the cost to us of product liability cases and claims. We are vigorously defending ourselves in the lawsuits to which we are subject. An unfavorable outcome or prolonged litigation could harm our business. Litigation of this nature also is expensive, time consuming, and diverts the time and attention of our management. We monitor the status of known claims and the related product liability accrual, which includes amounts for defense costs for asserted and unasserted claims. After consultation with litigation counsel and a review of the merit of each claim, we have concluded that we are unable to reasonably estimate the probability or the estimated range of reasonably possible losses related to material adverse judgments related to such claims and, therefore, we have not accrued for any such judgments. In the future, should we determine that a loss (or an additional loss in excess of our accrual) is at least reasonably possible and material, we would then disclose an estimate of the possible loss or range of loss, if such estimate could be made, or disclose that an estimate could not be made. We believe that we have provided adequate accruals for defense costs. We have recorded our liability for defense costs before consideration for reimbursement from insurance carriers. We have also recorded the amount due as reimbursement under existing policies from the insurance carriers as a receivable shown in other current assets and other assets. At this time, an estimated range of reasonably possible additional losses relating to unfavorable outcomes cannot be made.

Segment Reporting

Segment Reporting	9 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Segment Reporting	(12) Segment Reporting: We report our results of operations in two segments: (1) Firearms (which includes Firearms and Manufacturing Services divisions) and (2) Outdoor Products & Accessories & Accessories segment is evaluated b The Firearms segment includes our firearms, services, and other components, which we manufacture or provide at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut, and our firearm products, which we develop, assemble, and market in our Springfield, Massachusetts facility. The Outdoor Products & Accessories Segment assets are those directly used in or clearly allocable to a reportable segment’s operations. Assets by business segment are presented in the following table as of January 31, 2020 and April 30, 2019 (in thousands As of January 31, 2020 As of April 30, 2019 Firearms Outdoor Products Accessories Total Firearms Outdoor Products & Accessories Total Total assets $ 463,825 $ 344,322 $ 808,147 $ 389,719 $ 377,070 $ 766,789 Property, plant, and equipment, net 153,532 10,809 164,341 170,549 12,719 183,268 Intangibles, net 5,039 73,307 78,346 4,661 87,179 91,840 Goodwill 19,024 163,243 182,267 19,024 163,245 182,269 Results by business segment are presented in the following tables for the three months ended January 31, 2020 and 2019 (in thousands): For the Three Months Ended January 31, 2020 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 126,509 $ 40,186 $ — $ — $ 166,695 Intersegment revenue 907 3,084 — (3,991 ) — Total gross revenue 127,416 43,270 — (3,991 ) 166,695 Cost of sales 91,854 24,751 — (5,113 ) 111,492 Gross margin 35,562 18,519 — 1,122 55,203 Operating income/(loss) 10,128 (1,111 ) (7,727 ) 9,617 10,907 Income tax expense/(benefit) 5,722 816 (4,265 ) — 2,273 For the Three Months Ended January 31, 2019 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 123,045 $ 38,963 $ — $ — $ 162,008 Intersegment revenue 578 2,948 — (3,526 ) — Total gross revenue 123,623 41,911 — (3,526 ) 162,008 Cost of sales 89,262 22,564 — (3,877 ) 107,949 Gross margin 34,361 19,347 — 351 54,059 Operating income/(loss) 9,792 (13,529 ) (11,427 ) 13,131 (2,033 ) Income tax expense/(benefit) 2,461 (459 ) (811 ) — 1,191 Results by business segment are presented in the following tables for the nine months ended January 31, 2020 and 2018 (in thousands): For the Nine Months Ended January 31, 2020 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 333,952 $ 110,801 $ — $ — $ 444,753 Intersegment revenue 2,623 13,495 — (16,118 ) — Total gross revenue 336,575 124,296 — (16,118 ) 444,753 Cost of sales 233,494 73,119 — (15,223 ) 291,390 Gross margin 103,081 51,177 — (895 ) 153,363 Operating income/(loss) 24,538 (9,535 ) (29,671 ) 31,601 16,933 Income tax expense/(benefit) 13,885 947 (11,293 ) — 3,539 For the Nine Months Ended January 31, 2019 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 338,513 $ 124,031 $ — $ — $ 462,544 Intersegment revenue 2,125 11,087 — (13,212 ) — Total gross revenue 340,638 135,118 — (13,212 ) 462,544 Cost of sales 239,639 73,474 — (13,436 ) 299,677 Gross margin 100,999 61,644 — 224 162,867 Operating income/(loss) 34,255 (15,550 ) (33,168 ) 37,232 22,769 Income tax expense/(benefit) 9,295 (466 ) (1,430 ) — 7,399 (a) We allocate all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Interim Financial Information	Interim Financial Information – The condensed consolidated balance sheet as of January 31, 2020, the condensed consolidated statements of income/(loss) and comprehensive income/(loss) for the three and nine months ended January 31, 2020 and 2019, the condensed consolidated statement of changes in stockholders’ equity for the nine months ended January 31, 2020 and 2019, and the condensed consolidated statements of cash flows for the nine months ended January 31, 2020 and 2019 have been prepared by us without audit. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in stockholders’ equity, and cash flows at January 31, 2020 and for the periods presented, have been included. All intercompany transactions have been eliminated in consolidation. The consolidated balance sheet as of April 30, 2019 has been derived from our audited consolidated financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2019. The results of operations for the nine months ended
Revenue Recognition	Revenue Recognition - We recognize revenue in accordance with the provisions of Accounting Standards Update, or ASU, (Topic 606), which became effective for us on May 1, 2018. Generally, all performance obligations are satisfied and revenue is recognized when the risks and rewards of ownership have transferred to the customer, which is generally upon shipment but could be delayed until the receipt of customer acceptance. In some instances, sales include multiple performance obligations. The most common of these instances relates to sales promotion programs that entitle customers to receive free goods based upon their purchase of our products. The fulfillment of these free goods is our responsibility. In such instances, we allocate the revenue of the promotional sales based on the estimated level of participation in the sales promotional program and the timing of the shipment of all of the products included in the promotional program, including the free goods. We recognize revenue proportionally as each performance obligation is satisfied, based on the relative transaction price of each product. The net change in contract liabilities for a given period is reported as an increase or decrease to sales. Our product sales are generally sold free on board, or FOB, shipping point and provide payment terms to most commercial customers ranging from 20 to 90 days of product shipment with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year. In all cases, we consider our costs related to shipping and handling to be a cost of fulfilling the contract with the customer.
Insurance Reserves	Insurance Reserves — In January 2020, we formed a wholly owned captive insurance company, SW Insurance Company, which provides product liability insurance to us and our subsidiaries. This captive insurance company was recorded in our condensed consolidated financial statements for the three and nine months ended January 31, 2020. We are self-insured through retentions or deductibles for the majority of our workers’ compensation, automobile, general liability, product liability, and group health insurance programs. Self-insurance amounts vary up to $10.0 million per occurrence; however, we believe the likelihood of reaching the maximum per occurrence limit is remote. We record our liability for estimated premiums and incurred losses in the accompanying consolidated financial statements on an undiscounted basis.
Recently Issued Accounting Standards	Recently Issued Accounting Standards – In February 2016, the Financial Accounting Standards Board, or FASB, issued ASU 2016-02, (Topic 842), or ASU 2016-02, which amends the existing guidance to require lessees to recognize right-of-use assets and lease liabilities in a classified balance sheet. The most prominent among the changes in the standard is the requirement for lessees to recognize right-of-use assets and lease liabilities for those leases classified as operating leases under current GAAP. The requirements of ASU 2016-02 are effective for financial statements for annual periods beginning after December 15, 2018, and early adoption is permitted. We utilized leasing software to assist us in the accounting and tracking of leases and used the optional transitional method allowed by ASU 2018-11, (Topic 842): Targeted Improvements. Under this method, we applied the standard using the modified retrospective method with an adoption date of May 1, 2019. We elected to use the package of practical expedients, which permits us to not reassess certain lease contract provisions. We adopted ASU 2016-02 effective May 1, 2019 and recognized right-of-use assets of $11.5 million and lease liabilities of $12.8 million. The difference between the right-of-use assets and the lease liabilities of $1.3 million is a result of the reclassification of deferred rent and lease incentive liabilities primarily relating to our real estate operating leases into the right-of use assets, which had no impact to retained earnings. See also Note 3 — , for more information. In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Schedule of Assets and Liabilities Related to Operating and Financing Leases	The amounts of assets and liabilities related to our operating and financing leases as of January 31, 2020 were as follows (in thousands): Balance Sheet Caption January 31, 2020 Operating Leases Right-of-use assets $ 11,782 Accumulated amortization (1,982 ) Right-of-use assets, net Other assets $ 9,800 Current liabilities Accrued expenses and deferred revenue $ 2,731 Non-current liabilities Other non-current liabilities 8,158 Total operating lease liabilities $ 10,889 Finance Leases Right-of-use assets $ 40,986 Accumulated depreciation (1,590 ) Right-of-use assets, net Property, plant, and equipment, net $ 39,396 Current liabilities Accrued expenses and deferred revenue 971 Non-current liabilities Finance lease payable, net of current portion 40,202 Total finance lease liabilities $ 41,173
Summary of Future Lease Payments for Operating and Finance Leases	Future lease payments for all our operating and finance leases for succeeding fiscal years is as follows (in thousands): Operating Financing Total 2020 $ 864 $ 748 $ 1,612 2021 3,125 3,016 6,141 2022 2,920 3,056 5,976 2023 2,769 3,071 5,840 2024 1,722 3,125 4,847 2025 330 3,180 3,510 Thereafter 679 48,853 49,532 Total future lease payments 12,409 65,049 77,458 Less amounts representing interest (1,520 ) (23,876 ) (25,396 ) Present value of lease payments 10,889 41,173 52,062 Less current maturities of lease liabilities (2,731 ) (971 ) (3,702 ) Long-term maturities of lease liabilities $ 8,158 $ 40,202 $ 48,360

Revenue Recognition and Contr_2

Revenue Recognition and Contracts with Customers (Tables)	9 Months Ended
	Jan. 31, 2020
Revenue From Contract With Customer [Abstract]
Schedule of Impact of Adoption of ASU 2014-09 on Revenue Recognized	The following table outlines the impact of the adoption of ASU 2014-09 on revenue recognized during the nine-month periods ended January 31, 2020 and 2019 (in thousands): 2020 2019 Outstanding performance obligations at beginning of period $ 12,213 $ 23,305 Revenue recognized (14,571 ) (13,998 ) Revenue deferred 5,472 4,314 Outstanding performance obligations at July 31 3,114 13,621 Revenue recognized (7,716 ) (12,337 ) Revenue deferred 10,104 7,667 Outstanding performance obligations as of October 31 5,502 8,951 Revenue recognized (9,492 ) (10,229 ) Revenue deferred 11,093 9,064 Outstanding performance obligations as of January 31 $ 7,103 $ 7,786

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jan. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the three and nine months ended January 31, 2020 by reporting segment were as follows: Outdoor Products & Firearms Segment Accessories Segment Total Goodwill Balance as of April 30, 2019 $ 19,024 $ 163,245 $ 182,269 Adjustments — (2 ) (2 ) Balance as of July 31, 2019 19,024 163,243 182,267 Adjustments — — — Balance as of October 31, 2019 19,024 163,243 182,267 Adjustments — — — Balance as of January 31, 2020 $ 19,024 $ 163,243 $ 182,267
Summary of Intangible Assets	The following table presents a summary of intangible assets as of January 31, 2020 and April 30, 2019 (in thousands): January 31, 2020 April 30, 2019 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 92,560 $ (50,325 ) $ 42,235 $ 92,560 $ (41,643 ) $ 50,917 Developed technology 21,788 (11,968 ) 9,820 21,230 (10,428 ) 10,802 Patents, trademarks, and trade names 57,775 (32,859 ) 24,916 57,477 (28,479 ) 28,998 Backlog 1,150 (1,150 ) — 1,150 (1,150 ) — 173,273 (96,302 ) 76,971 172,417 (81,700 ) 90,717 Patents in progress 1,045 — 1,045 897 — 897 Total definite-lived intangible assets 174,318 (96,302 ) 78,016 173,314 (81,700 ) 91,614 Indefinite-lived intangible assets 330 — 330 226 — 226 Total intangible assets $ 174,648 $ (96,302 ) $ 78,346 $ 173,540 $ (81,700 ) $ 91,840
Schedule of Future Expected Amortization Expense	Estimated amortization expense of intangible assets for the remainder of fiscal 2020 and succeeding fiscal years is as follows (in thousands): Fiscal Amount 2020 $ 4,857 2021 16,795 2022 14,410 2023 11,855 2024 10,107 Thereafter 18,947 Total $ 76,971

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jan. 31, 2020
Inventory Disclosure [Abstract]
Summary of Inventories	The following table sets forth a summary of inventories, net of reserves, stated at lower of cost or net realizable value, as of January 31, 2020 and April 30, 2019 (in thousands): January 31, 2020 April 30, 2019 Finished goods (a) $ 142,449 $ 108,247 Finished parts 39,236 36,181 Work in process 5,574 7,576 Raw material 14,277 11,766 Total inventories $ 201,536 $ 163,770 (a) The increase in finished goods inventory relates primarily to the Firearms segment.

Accrued Expenses and Deferred_2

Accrued Expenses and Deferred Revenue (Tables)	9 Months Ended
	Jan. 31, 2020
Payables And Accruals [Abstract]
Summary of Accrued Expenses	The following table sets forth other accrued expenses as of January 31, 2020 and April 30, 2019 (in thousands): January 31, 2020 April 30, 2019 Deferred revenue $ 7,103 $ 12,213 Accrued rebates and promotions 6,106 4,877 Accrued taxes other than income 5,727 6,078 Accrued employee benefits 5,672 5,241 Accrued professional fees 4,018 2,649 Right-of-use lease liabilities 2,731 — Accrued distributor incentives 2,673 1,895 Accrued commissions 1,189 1,004 Interest payable 498 737 Current portion of capital lease obligation 971 681 Accrued other 6,443 3,947 Total accrued expenses and deferred revenue $ 43,131 $ 39,322

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Jan. 31, 2020
Equity [Abstract]
Reconciliation of Net Income/(Loss) Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings per Share	The following table provides a reconciliation of the net income/(loss) amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three and nine months ended January 31, 2020 and 2019 (in thousands, except per share data): For the Three Months Ended January 31, 2020 2019 Net Per Share Net Per Share Income Shares Amount Loss Shares Amount Basic earnings $ 5,731 55,064 $ 0.10 $ (5,725 ) 54,544 $ (0.10 ) Effect of dilutive stock awards — 680 — — — — Diluted earnings $ 5,731 55,744 $ 0.10 $ (5,725 ) 54,544 $ (0.10 ) For the Nine Months Ended January 31, 2020 2019 Net Per Share Net Per Share Income Shares Amount Income Shares Amount Basic earnings $ 4,916 54,919 $ 0.09 $ 8,586 54,444 $ 0.16 Effect of dilutive stock awards — 722 — — 688 — Diluted earnings $ 4,916 55,641 $ 0.09 $ 8,586 55,132 $ 0.16
Share Based Compensation Stock Options Activity	The number of shares and weighted average exercise prices of stock options for the nine months ended January 31, 2020 and 2019 were as follows: For the Nine Months Ended January 31, 2020 2019 Weighted Weighted Average Average Shares Exercise Price Shares Exercise Price Options outstanding, beginning of year 267,761 $ 6.76 316,160 $ 6.69 Exercised during the period (15,000 ) 5.79 (32,899 ) 6.52 Canceled/forfeited during period (160,667 ) 8.89 — — Options outstanding, end of period 92,094 $ 3.22 283,261 $ 6.71 Weighted average remaining contractual life 0.45 years 2.49 years Options exercisable, end of period 92,094 $ 3.22 283,261 $ 6.71 Weighted average remaining contractual life 0.45 years 2.49 years
Summary of Activity for Unvested RSUs and PSUs	A summary of activity for unvested RSUs and PSUs for the nine months ended January 31, 2020 and 2019 is as follows: For the Nine Months Ended January 31, 2020 2019 Weighted Weighted Total # of Average Total # of Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value RSUs and PSUs outstanding, beginning of period 1,631,631 $ 15.44 1,442,316 $ 17.80 Awarded 255,911 7.55 192,085 12.61 Vested (249,408 ) 17.53 (195,808 ) 19.54 Forfeited (603,344 ) 15.40 (137,453 ) 16.05 RSUs and PSUs outstanding, end of period 1,034,790 $ 13.01 1,301,140 $ 16.99

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Schedule of Assets by Business Segment	Assets by business segment are presented in the following table as of January 31, 2020 and April 30, 2019 (in thousands As of January 31, 2020 As of April 30, 2019 Firearms Outdoor Products Accessories Total Firearms Outdoor Products & Accessories Total Total assets $ 463,825 $ 344,322 $ 808,147 $ 389,719 $ 377,070 $ 766,789 Property, plant, and equipment, net 153,532 10,809 164,341 170,549 12,719 183,268 Intangibles, net 5,039 73,307 78,346 4,661 87,179 91,840 Goodwill 19,024 163,243 182,267 19,024 163,245 182,269
Schedule of Results by Business Segment	Results by business segment are presented in the following tables for the three months ended January 31, 2020 and 2019 (in thousands): For the Three Months Ended January 31, 2020 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 126,509 $ 40,186 $ — $ — $ 166,695 Intersegment revenue 907 3,084 — (3,991 ) — Total gross revenue 127,416 43,270 — (3,991 ) 166,695 Cost of sales 91,854 24,751 — (5,113 ) 111,492 Gross margin 35,562 18,519 — 1,122 55,203 Operating income/(loss) 10,128 (1,111 ) (7,727 ) 9,617 10,907 Income tax expense/(benefit) 5,722 816 (4,265 ) — 2,273 For the Three Months Ended January 31, 2019 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 123,045 $ 38,963 $ — $ — $ 162,008 Intersegment revenue 578 2,948 — (3,526 ) — Total gross revenue 123,623 41,911 — (3,526 ) 162,008 Cost of sales 89,262 22,564 — (3,877 ) 107,949 Gross margin 34,361 19,347 — 351 54,059 Operating income/(loss) 9,792 (13,529 ) (11,427 ) 13,131 (2,033 ) Income tax expense/(benefit) 2,461 (459 ) (811 ) — 1,191 Results by business segment are presented in the following tables for the nine months ended January 31, 2020 and 2018 (in thousands): For the Nine Months Ended January 31, 2020 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 333,952 $ 110,801 $ — $ — $ 444,753 Intersegment revenue 2,623 13,495 — (16,118 ) — Total gross revenue 336,575 124,296 — (16,118 ) 444,753 Cost of sales 233,494 73,119 — (15,223 ) 291,390 Gross margin 103,081 51,177 — (895 ) 153,363 Operating income/(loss) 24,538 (9,535 ) (29,671 ) 31,601 16,933 Income tax expense/(benefit) 13,885 947 (11,293 ) — 3,539 For the Nine Months Ended January 31, 2019 (a) Firearms Outdoor Products & Accessories Corporate Intersegment Eliminations Total Revenue from external customers $ 338,513 $ 124,031 $ — $ — $ 462,544 Intersegment revenue 2,125 11,087 — (13,212 ) — Total gross revenue 340,638 135,118 — (13,212 ) 462,544 Cost of sales 239,639 73,474 — (13,436 ) 299,677 Gross margin 100,999 61,644 — 224 162,867 Operating income/(loss) 34,255 (15,550 ) (33,168 ) 37,232 22,769 Income tax expense/(benefit) 9,295 (466 ) (1,430 ) — 7,399 (a) We allocate all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.

Organization - Additional Infor

Organization - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Jan. 31, 2020	Oct. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Restructuring and related activities, description	Pending final approval of our Board of Directors, customary regulatory approvals, and tax and legal considerations, the spin-off is expected to be completed in the second half of calendar 2020 and would create two independent publicly traded companies:
General and Administrative Expenses
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Costs associated with spin-off	$ 1.2
Minimum
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Expected restructuring charges	9
Minimum | Scenario Forecast
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Expected restructuring charges		$ 9
Maximum
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Expected restructuring charges	$ 12
Maximum | Scenario Forecast
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Expected restructuring charges		$ 12

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($)	9 Months Ended
	Jan. 31, 2020	May 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Right-of-use assets recognition	$ 9,800,000
Lease liabilities recognition	10,889,000
Self Insurance
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Maximum amount of self-insurance per occurrence	$ 10,000,000
ASU 2014-09
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Description of payment terms	Our product sales are generally sold free on board, or FOB, shipping point and provide payment terms to most commercial customers ranging from 20 to 90 days of product shipment with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year.
ASU 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Right-of-use assets recognition		$ 11,500,000
Lease liabilities recognition		12,800,000
Reclassification of deferred rent and lease incentive liabilities related to real estate operating leases		$ 1,300,000

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities Related to Operating and Financing Leases (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Operating Leases
Right-of-use assets	$ 11,782
Accumulated amortization	(1,982)
Right-of-use assets, net	$ 9,800
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Current liabilities	$ 2,731
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	aobc:AccruedExpensesAndDeferredRevenueCurrent
Non-current liabilities	$ 8,158
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent
Total operating lease liabilities	$ 10,889
Finance Leases
Right-of-use assets	40,986
Accumulated depreciation	(1,590)
Right-of-use assets, net	$ 39,396
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentNet
Current liabilities	$ 971	$ 681
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	aobc:AccruedExpensesAndDeferredRevenueCurrent
Non-current liabilities	$ 40,202	$ 45,400
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:FinanceLeaseLiabilityNoncurrent
Total finance lease liabilities	$ 41,173

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020
Leases [Abstract]
Operating lease cost		$ 1,100,000	$ 2,800,000
Short-term operating lease costs		$ 293,000	772,000
Financing lease Amortization	$ 526,000		1,600,000
Financing lease interest expense	$ 515,000		$ 1,600,000
Operating leases, weighted average lease term	4 years 2 months 12 days		4 years 2 months 12 days
Operating leases, weighted average discount rate	4.40%		4.40%
Financing leases, weighted average lease term	18 years 8 months 12 days		18 years 8 months 12 days
Financing leases, weighted average discount rate	5.00%		5.00%
Cash paid for amounts included in measurement of liabilities and operating cash flows	$ 1,500,000		$ 4,300,000

Leases - Summary of Future Leas

Leases - Summary of Future Lease Payments for Operating and Finance Leases (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Operating and Finance Lease liabilities payments
2020	$ 1,612
2021	6,141
2022	5,976
2023	5,840
2024	4,847
2025	3,510
Thereafter	49,532
Total future lease payments	77,458
Less amounts representing interest	(25,396)
Present value of lease payments	52,062
Less current maturities of lease liabilities	(3,702)
Long-term maturities of lease liabilities	48,360
Operating Leases
2020	864
2021	3,125
2022	2,920
2023	2,769
2024	1,722
2025	330
Thereafter	679
Total future lease payments	12,409
Less amounts representing interest	(1,520)
Total operating lease liabilities	10,889
Less current maturities of lease liabilities	(2,731)
Long-term maturities of lease liabilities	8,158
Financing Leases
2020	748
2021	3,016
2022	3,056
2023	3,071
2024	3,125
2025	3,180
Thereafter	48,853
Total future lease payments	65,049
Less amounts representing interest	(23,876)
Total finance lease liabilities	41,173
Less current maturities of lease liabilities	(971)	$ (681)
Long-term maturities of lease liabilities	$ 40,202	$ 45,400

Revenue Recognition and Contr_3

Revenue Recognition and Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	May 01, 2018	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Jan. 31, 2020	Jan. 31, 2019
Disaggregation Of Revenue [Line Items]
Deferred revenue recognized	$ 10,500	$ 22,600							$ 31,800	$ 36,600
Additional deferred revenue for outstanding performance obligations									26,700	21,000
Net increase of revenue recognized									$ 5,100	$ 15,500
ASU 2014-09
Disaggregation Of Revenue [Line Items]
Deferred revenue recognized			$ 9,492	$ 7,716	$ 14,571	$ 10,229	$ 12,337	$ 13,998
Additional deferred revenue for outstanding performance obligations			$ 11,093	$ 10,104	$ 5,472	$ 9,064	$ 7,667	$ 4,314
Total Net Sales | ASU 2014-09 | Geographic Concentration Risk | Domestic
Disaggregation Of Revenue [Line Items]
Concentration risk percentage									95.00%

Revenue Recognition and Contr_4

Revenue Recognition and Contracts with Customers - Schedule of Impact of Adoption of ASU 2014-09 on Revenue Recognized (Detail) - USD ($) $ in Thousands	Apr. 30, 2019	May 01, 2018	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Jan. 31, 2020	Jan. 31, 2019
Disaggregation Of Revenue [Line Items]
Revenue recognized	$ (10,500)	$ (22,600)							$ (31,800)	$ (36,600)
Revenue deferred									26,700	21,000
ASU 2014-09
Disaggregation Of Revenue [Line Items]
Outstanding performance obligations with customers, beginning balance		$ 23,305	$ 5,502	$ 3,114	$ 12,213	$ 8,951	$ 13,621	$ 23,305	12,213	23,305
Revenue recognized			(9,492)	(7,716)	(14,571)	(10,229)	(12,337)	(13,998)
Revenue deferred			11,093	10,104	5,472	9,064	7,667	4,314
Outstanding performance obligations with customers, ending balance	$ 12,213		$ 7,103	$ 5,502	$ 3,114	$ 7,786	$ 8,951	$ 13,621	$ 7,103	$ 7,786

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019
Goodwill [Line Items]
Beginning Balance	$ 182,267	$ 182,267	$ 182,269
Adjustments	0	0	(2)
Ending Balance	182,267	182,267	182,267
Firearms Segment
Goodwill [Line Items]
Beginning Balance	19,024	19,024	19,024
Adjustments	0	0
Ending Balance	19,024	19,024	19,024
Outdoor Products & Accessories Segment
Goodwill [Line Items]
Beginning Balance	163,243	163,243	163,245
Adjustments	0	0	(2)
Ending Balance	$ 163,243	$ 163,243	$ 163,243

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	$ 174,318	$ 173,314
Total definite-lived intangible assets, Accumulated Amortization	(96,302)	(81,700)
Total definite-lived intangible assets, Net Carrying Amount	78,016	91,614
Indefinite-lived intangible assets, Net Carrying Amount	330	226
Total Intangible assets, Gross Carrying Amount	174,648	173,540
Total Intangible assets, Net Carrying Amount	78,346	91,840
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	92,560	92,560
Total definite-lived intangible assets, Accumulated Amortization	(50,325)	(41,643)
Total definite-lived intangible assets, Net Carrying Amount	42,235	50,917
Developed technology
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	21,788	21,230
Total definite-lived intangible assets, Accumulated Amortization	(11,968)	(10,428)
Total definite-lived intangible assets, Net Carrying Amount	9,820	10,802
Patents, trademarks, and trade names
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	57,775	57,477
Total definite-lived intangible assets, Accumulated Amortization	(32,859)	(28,479)
Total definite-lived intangible assets, Net Carrying Amount	24,916	28,998
Backlog
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,150	1,150
Total definite-lived intangible assets, Accumulated Amortization	(1,150)	(1,150)
Definite-lived intangible assets excluding patents in progress
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	173,273	172,417
Total definite-lived intangible assets, Accumulated Amortization	(96,302)	(81,700)
Total definite-lived intangible assets, Net Carrying Amount	76,971	90,717
Patents in progress
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,045	897
Total definite-lived intangible assets, Net Carrying Amount	$ 1,045	$ 897

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 4.8	$ 5.5	$ 14.4	$ 16.5
Weighted-average period for amortization of intangible assets			5 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			5 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			6 years
Patents, trademarks, and trade names
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			5 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Expected Amortization Expense (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Net Carrying Amount	$ 78,016	$ 91,614
Outdoor Products & Accessories Segment
Finite-Lived Intangible Assets [Line Items]
2020	4,857
2021	16,795
2022	14,410
2023	11,855
2024	10,107
Thereafter	18,947
Total definite-lived intangible assets, Net Carrying Amount	$ 76,971

Notes, Loans Payable, and Fin_2

Notes, Loans Payable, and Financing Arrangements - Additional Information (Detail) - USD ($)	Nov. 19, 2019	Jan. 31, 2020	Nov. 22, 2019	Feb. 28, 2018	Oct. 27, 2016	Jul. 06, 2015	Jun. 18, 2015	Jun. 15, 2015
Debt Instrument [Line Items]
Interest description of revolving line of credit		The Revolving Line provides for availability for general corporate purposes, with borrowings to bear interest at a variable rate equal to LIBOR or prime plus an applicable margin based on our consolidated leverage ratio, at our election.
Credit facility, maturity		Jun. 15, 2020
Percentage of interest rate protection on term loan								75.00%
Interest Rate Swap
Debt Instrument [Line Items]
Percentage of floating rate debt covered							100.00%
Derivative, notional amount							$ 105,000,000
Derivative, fixed interest rate						1.56%
Gain on termination of interest rate swap	$ 40,000
Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, borrowing capacity								$ 175,000,000
Credit Facilities
Debt Instrument [Line Items]
Borrowings outstanding		$ 200,000,000
Outstanding letters of credit		2,500,000
Credit Facilities | Self Insurance
Debt Instrument [Line Items]
Outstanding letters of credit		$ 1,500,000
Credit Facilities | LIBOR Rate
Debt Instrument [Line Items]
Interest rate on borrowings		3.92%
Term Loan
Debt Instrument [Line Items]
Outstanding debt								$ 105,000,000
5.000% Senior Notes due 2020
Debt Instrument [Line Items]
Notes issued				$ 75,000,000
Debt issuance cost				$ 158,000
Debt instrument, interest rate				5.00%
Description of redemption for senior notes		On January 6, 2020, or the Redemption Date, we redeemed 100% of the principal amount of the 2020 Senior Notes, plus accrued and unpaid interest to, but not including, the Redemption Date, with proceeds from the Revolving Line. As part of the redemption, we wrote off $42,000 of debt issuance costs related to the 2020 Senior Notes.
Debt instrument redemption date	Jan. 6, 2020
Redemption price of senior notes	100.00%
Debt issuance write-off costs		$ 42,000
Second Amendment | Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, borrowing capacity					$ 350,000,000
Credit facility additional borrowing capacity option to increase maximum borrowing capacity					$ 150,000,000
Credit facility, maturity		Oct. 27, 2021
Fifth Amendment | Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, borrowing capacity			$ 250,000,000
Credit facility additional borrowing capacity option to increase maximum borrowing capacity			$ (50,000,000)

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Detail) - USD ($)	1 Months Ended	9 Months Ended
	Aug. 31, 2017	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Change in fair value of contingent consideration		$ 100,000	$ (60,000)
Gemini Technologies, Incorporated
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration maximum payout	$ 17,100,000
Business combination, contingent consideration payable performance period	3 years
Change in fair value of contingent consideration		100,000
Business combination contingent consideration liability		0
(Level 1) | Fair Value on Recurring Basis
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents		$ 46,100,000		$ 41,000,000

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands		Jan. 31, 2020	Apr. 30, 2019
Inventory Disclosure [Abstract]
Finished goods	[1]	$ 142,449	$ 108,247
Finished parts		39,236	36,181
Work in process		5,574	7,576
Raw material		14,277	11,766
Total inventories		$ 201,536	$ 163,770
[1]	The increase in finished goods inventory relates primarily to the Firearms segment.

Accrued Expenses and Deferred_3

Accrued Expenses and Deferred Revenue - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Payables And Accruals [Abstract]
Deferred revenue	$ 7,103	$ 12,213
Accrued rebates and promotions	6,106	4,877
Accrued taxes other than income	5,727	6,078
Accrued employee benefits	5,672	5,241
Accrued professional fees	4,018	2,649
Right-of-use lease liabilities	2,731
Accrued distributor incentives	2,673	1,895
Accrued commissions	1,189	1,004
Interest payable	498	737
Current portion of capital lease obligation	971	681
Accrued other	6,443	3,947
Total accrued expenses and deferred revenue	$ 43,131	$ 39,322

Stockholders' Equity - Reconcil

Stockholders' Equity - Reconciliation of Net Income/(Loss) Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share [Abstract]
Net (loss)/income	$ 5,731	$ (5,725)	$ 4,916	$ 8,586
Basic earnings, Shares	55,064	54,544	54,919	54,444
Effect of dilutive stock awards, Shares	680		722	688
Diluted earnings, Shares	55,744	54,544	55,641	55,132
Basic earnings, Per Share Amount	$ 0.10	$ (0.10)	$ 0.09	$ 0.16
Diluted earnings, Per Share Amount	$ 0.10	$ (0.10)	$ 0.09	$ 0.16

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Jan. 31, 2020USD ($)shares	Jan. 31, 2019USD ($)shares	Jan. 31, 2020USD ($)OptionPlanshares	Jan. 31, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive shares of common stock excluded from computation of diluted earnings per share	20,664
Number of incentive stock plans | OptionPlan			2
Intrinsic value of stock outstanding | $	$ 571,000	$ 1,500,000	$ 571,000	$ 1,500,000
Intrinsic value of stock exercisable | $	571,000	$ 1,500,000	571,000	1,500,000
Intrinsic value of stock exercised | $			100,000	$ 230,000
Unrecognized compensation expense relating to outstanding stock options | $	$ 0		$ 0
Stock options exercised	0	0	15,000	32,899
Stock-based compensation expense | $			$ 1,400,000	$ 6,100,000
Performance period			3 years
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Vesting, percentage			0.25%
Stock units, awarded			255,911	192,085
Grant date fair value of vested RSUs and PSUs | $			$ 2,200,000	$ 2,400,000
Stock units, forfeited			236,319	25,453
RSUs | Non-Executive Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded			140,271	142,576
RSUs | Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded			115,640	49,509
Service based PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, forfeited			210,300
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense | $			$ 789,000	$ 5,800,000
Stock units, awarded			255,911	192,085
Stock units, forfeited			603,344	137,453
Unrecognized compensation expense related to unvested RSUs and PSUs | $	$ 3,100,000		$ 3,100,000
Weighted average remaining contractual term			1 year 3 months 18 days
Performance based PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, forfeited			156,725
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, forfeited				112,000
2013 Incentive Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option, exercisable period			10 years
2013 Incentive Stock Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
2013 Incentive Stock Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years

Stockholders' Equity - Share Ba

Stockholders' Equity - Share Based Compensation Stock Options Activity (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Shares
Options outstanding, beginning of year, Shares			267,761	316,160
Exercised during the period, Shares	0	0	(15,000)	(32,899)
Canceled/forfeited during period, Shares			(160,667)
Options outstanding, end of period, Shares	92,094	283,261	92,094	283,261
Weighted average remaining contractual life			5 months 12 days	2 years 5 months 26 days
Options exercisable, end of period, Shares	92,094	283,261	92,094	283,261
Weighted average remaining contractual life			5 months 12 days	2 years 5 months 26 days
Weighted-Average Exercise Price
Options outstanding, beginning of year, Weighted-Average Exercise Price			$ 6.76	$ 6.69
Exercised during period, Weighted-Average Exercise Price			5.79	6.52
Canceled/forfeited during period, Weighted-Average Exercise Price			8.89
Options outstanding, end of period, Weighted-Average Exercise Price	$ 3.22	$ 6.71	3.22	6.71
Options exercisable, end of period, Weighted-Average Exercise Price	$ 3.22	$ 6.71	$ 3.22	$ 6.71

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Activity for Unvested RSUs and PSUs (Detail) - RSUs and PSUs - $ / shares	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Summary of activity in unvested restricted stock units and performance share units
Restricted Stock Units, RSUs and PSUs outstanding, beginning of period	1,631,631	1,442,316
Restricted Stock Units, Awarded	255,911	192,085
Restricted Stock Units, Vested	(249,408)	(195,808)
Restricted Stock Units, Forfeited	(603,344)	(137,453)
Restricted Stock Units, RSUs and PSUs outstanding, end of period	1,034,790	1,301,140
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, RSUs and PSUs outstanding, beginning of period	$ 15.44	$ 17.80
Weighted Average Grant Date Fair Value, Awarded	7.55	12.61
Weighted Average Grant Date Fair Value, Vested	17.53	19.54
Weighted Average Grant Date Fair Value, Forfeited	15.40	16.05
Weighted Average Grant Date Fair Value, RSUs and PSUs outstanding, end of period	$ 13.01	$ 16.99

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	1 Months Ended	9 Months Ended
	Jan. 31, 2018USD ($)	Jan. 31, 2020USD ($)CaseClaimPlaintiff	Jan. 31, 2020CAD ($)CaseClaimPlaintiff
Schedule Of Commitments And Contingencies [Line Items]
Number of Product liability cases | Case		9	9
Number of Other product liability claims | Claim		5	5
Minimum
Schedule Of Commitments And Contingencies [Line Items]
Compensatory damages sought		$ 75,000
Maximum
Schedule Of Commitments And Contingencies [Line Items]
Compensatory damages sought		$ 18,600,000
Putative Class
Schedule Of Commitments And Contingencies [Line Items]
Date of actions filed		December 16, 2019	December 16, 2019
Number of plaintiffs | Plaintiff		2	2
Putative Class | General Damages
Schedule Of Commitments And Contingencies [Line Items]
Aggregate damages claims			$ 50
Putative Class | Compensatory or Punitive Damages
Schedule Of Commitments And Contingencies [Line Items]
Aggregate damages claims			$ 100
John Pidcock
Schedule Of Commitments And Contingencies [Line Items]
Number of plaintiffs | Plaintiff		2	2
John Pidcock | Preferential Transfers
Schedule Of Commitments And Contingencies [Line Items]
Compensatory damages sought		$ 4,200,000
John Pidcock | Turnover of Goods
Schedule Of Commitments And Contingencies [Line Items]
Compensatory damages sought		$ 1,500,000
Gemini Technologies, Incorporated | Smith & Wesson Corp
Schedule Of Commitments And Contingencies [Line Items]
Compensatory damages sought	$ 18,600,000

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail)	9 Months Ended
	Jan. 31, 2020Segment
Segment Reporting Information [Line Items]
Number of reportable segments	2
Firearms Segment
Segment Reporting Information [Line Items]
Number of reportable segments	1
Outdoor Products & Accessories Segment
Segment Reporting Information [Line Items]
Number of reportable segments	1

Segment Reporting - Schedule of

Segment Reporting - Schedule of Assets by Business Segment (Detail) - USD ($) $ in Thousands	Jan. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Apr. 30, 2019
Segment Reporting Information [Line Items]
Total assets	$ 808,147			$ 766,789
Property, plant, and equipment, net	164,341			183,268
Intangibles, net	78,346			91,840
Goodwill	182,267	$ 182,267	$ 182,267	182,269
Firearms Segment
Segment Reporting Information [Line Items]
Total assets	463,825			389,719
Property, plant, and equipment, net	153,532			170,549
Intangibles, net	5,039			4,661
Goodwill	19,024	19,024	19,024	19,024
Outdoor Products & Accessories Segment
Segment Reporting Information [Line Items]
Total assets	344,322			377,070
Property, plant, and equipment, net	10,809			12,719
Intangibles, net	73,307			87,179
Goodwill	$ 163,243	$ 163,243	$ 163,243	$ 163,245

Segment Reporting - Schedule _2

Segment Reporting - Schedule of Results by Business Segment (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Segment Reporting Information [Line Items]
Total gross revenue	[1]	$ 166,695	$ 162,008	$ 444,753	$ 462,544
Cost of sales	[1]	111,492	107,949	291,390	299,677
Gross margin	[1]	55,203	54,059	153,363	162,867
Operating income/(loss)	[1]	10,907	(2,033)	16,933	22,769
Income tax expense/(benefit)	[1]	2,273	1,191	3,539	7,399
Firearms Segment
Segment Reporting Information [Line Items]
Total gross revenue	[1]	126,509	123,045	333,952	338,513
Outdoor Products & Accessories Segment
Segment Reporting Information [Line Items]
Total gross revenue	[1]	40,186	38,963	110,801	124,031
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total gross revenue	[1]	(3,991)	(3,526)	(16,118)	(13,212)
Cost of sales	[1]	(5,113)	(3,877)	(15,223)	(13,436)
Gross margin	[1]	1,122	351	(895)	224
Operating income/(loss)	[1]	9,617	13,131	31,601	37,232
Intersegment Eliminations | Firearms Segment
Segment Reporting Information [Line Items]
Total gross revenue	[1]	907	578	2,623	2,125
Intersegment Eliminations | Outdoor Products & Accessories Segment
Segment Reporting Information [Line Items]
Total gross revenue	[1]	3,084	2,948	13,495	11,087
Operating Segments | Firearms Segment
Segment Reporting Information [Line Items]
Total gross revenue	[1]	127,416	123,623	336,575	340,638
Cost of sales	[1]	91,854	89,262	233,494	239,639
Gross margin	[1]	35,562	34,361	103,081	100,999
Operating income/(loss)	[1]	10,128	9,792	24,538	34,255
Income tax expense/(benefit)	[1]	5,722	2,461	13,885	9,295
Operating Segments | Outdoor Products & Accessories Segment
Segment Reporting Information [Line Items]
Total gross revenue	[1]	43,270	41,911	124,296	135,118
Cost of sales	[1]	24,751	22,564	73,119	73,474
Gross margin	[1]	18,519	19,347	51,177	61,644
Operating income/(loss)	[1]	(1,111)	(13,529)	(9,535)	(15,550)
Income tax expense/(benefit)	[1]	816	(459)	947	(466)
Corporate
Segment Reporting Information [Line Items]
Operating income/(loss)	[1]	(7,727)	(11,427)	(29,671)	(33,168)
Income tax expense/(benefit)	[1]	$ (4,265)	$ (811)	$ (11,293)	$ (1,430)
[1]	We allocate all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.