Vista Outdoor (GEAR) 10-Q 9 Nov 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 01, 2017	Nov. 06, 2017
Document and Entity Information
Entity Registrant Name	VISTA OUTDOOR INC.
Entity Central Index Key	1,616,318
Document Type	10-Q
Document Period End Date	Oct. 1, 2017
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		57,323,841
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016
Income Statement [Abstract]
Sales, net	$ 587,283	$ 684,312	$ 1,156,032	$ 1,314,581
Cost of sales	448,306	498,903	870,497	957,795
Gross profit	138,977	185,409	285,535	356,786
Operating expenses:
Research and development	7,447	8,150	15,238	15,981
Selling, general, and administrative	106,386	102,723	205,812	207,167
Acquisition claim settlement gain, net	0	(30,027)	0	(30,027)
Goodwill and intangibles impairment	152,320	0	152,320	0
Income (loss) before interest and income taxes	(127,176)	104,563	(87,835)	163,665
Interest expense, net	(12,569)	(10,143)	(24,962)	(22,106)
Income (loss) before income taxes	(139,745)	94,420	(112,797)	141,559
Income tax provision (benefit)	(25,040)	21,196	(14,744)	39,211
Net income (loss)	$ (114,705)	$ 73,224	$ (98,053)	$ 102,348
Earnings (loss) per common share:
Earnings Per Share, Basic	$ (2.01)	$ 1.23	$ (1.72)	$ 1.70
Earnings Per Share, Diluted	$ (2.01)	$ 1.22	$ (1.72)	$ 1.69
Weighted-average number of common shares outstanding:
Basic EPS shares outstanding	57,099	59,710	57,041	60,055
Diluted EPS shares outstanding	57,099	60,055	57,041	60,400
Pension and other postretirement benefit liabilities:
Reclassification of prior service credits for pension and postretirement benefit plans recorded to net income, net of tax benefit of $29 and $162, respectively for the quarter ended, and $192 and $324, respectively, for the six months ended.	$ (49)	$ (274)	$ (323)	$ (548)
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense of $(293) and $(734), respectively, for the quarter ended, and $(959) and $(1,468), respectively, for the six months ended.	493	1,236	1,615	2,472
Valuation adjustment for pension and postretirement benefit plans, net of tax expense of $(2,158) and $0, respectively, for the quarter ended, and $(4) and $0, respectively, for the six months ended.	3,633	0	5	0
Change in derivatives, net of tax expense of $0 and $0, respectively, for the quarter ended, and $(14) and $0, respectively, for the six months ended.	0	0	23	0
Change in cumulative translation adjustment, net of tax expense of $0 and $0, respectively, for the quarter ended and $0 and $0, respectively, for the six months ended	7,101	255	15,672	(4,544)
Total other comprehensive income (loss)	11,178	1,217	16,992	(2,620)
Comprehensive income (loss)	$ (103,527)	$ 74,441	$ (81,061)	$ 99,728

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016
Income Statement [Abstract]
Reclassification of prior service credits for pension and postretirement benefit plans recorded to net income, net of tax benefit	$ 29	$ 162	$ 192	$ 324
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense	(293)	(734)	(959)	(1,468)
Valuation adjustment for pension and postretirement benefit plans, net of tax benefit	(2,158)	0	(4)	0
Change in derivatives, net of tax expense	0	0	(14)	0
Change in cumulative translation adjustment, net of tax benefit	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017
Current assets:
Cash and cash equivalents	$ 50,998	$ 45,075
Net receivables	502,610	450,715
Net inventories	508,835	562,795
Income tax receivable	15,255	25,658
Other current assets	25,333	25,604
Total current assets	1,103,031	1,109,847
Net property, plant, and equipment	270,711	272,346
Goodwill	721,121	857,631
Net intangible assets	683,737	708,530
Deferred charges and other non-current assets	31,666	28,393
Total assets	2,810,266	2,976,747
Current liabilities:
Current portion of long-term debt	32,000	32,000
Accounts payable	134,845	127,718
Accrued compensation	35,663	33,663
Federal excise tax	25,822	30,082
Other accrued liabilities	135,640	122,926
Total current liabilities	363,970	346,389
Long-term debt	1,012,941	1,089,252
Deferred income tax liabilities	132,664	160,765
Accrued pension and postemployment benefits	58,069	64,230
Other long-term liabilities	69,079	71,046
Total liabilities	1,636,723	1,731,682
Commitments and contingencies (Notes 11 and 14)
Issued and outstanding — 57,277,977 shares as of October 1, 2017 and 57,014,319 shares as of March 31, 2017	573	571
Additional paid-in capital	1,751,192	1,752,903
Accumulated deficit	(206,086)	(108,033)
Accumulated other comprehensive loss	(96,000)	(112,992)
Common stock in treasury, at cost — 6,686,462 shares held as of October 1, 2017 and 6,950,120 shares held as of March 31, 2017	(276,136)	(287,384)
Total stockholders' equity	1,173,543	1,245,065
Total liabilities and stockholders' equity	$ 2,810,266	$ 2,976,747

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 01, 2017	Mar. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares	500,000,000	500,000,000
Common stock, issued shares	57,277,977	57,014,319
Common stock, outstanding shares	57,277,977	57,014,319
Common stock in treasury, shares	6,686,462	6,950,120

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016
Operating Activities
Net income (loss)	$ (98,053)	$ 102,348
Adjustments to net income (loss) to arrive at cash provided by operating activities:
Depreciation	27,503	26,993
Amortization of intangible assets	18,253	20,393
Goodwill and intangibles impairment	152,320	0
Amortization of deferred financing costs	1,494	2,823
Deferred income taxes	(29,425)	(11)
Loss on disposal of property, plant, and equipment	83	0
Stock-based compensation	7,325	6,524
Changes in assets and liabilities, net of acquisition of businesses:
Net receivables	(49,967)	(40,122)
Net inventories	52,337	(73,717)
Accounts payable	11,950	(47,574)
Accrued compensation	(246)	(15,651)
Accrued income taxes	12,028	(4,431)
Federal excise tax	(4,335)	2,895
Pension and other postretirement benefits	(3,840)	1,155
Other assets and liabilities	11,737	28,558
Cash provided by operating activities	109,164	10,183
Investing Activities:
Capital expenditures	(31,189)	(31,117)
Acquisition of businesses, net of cash acquired	0	(458,149)
Proceeds from the disposition of property, plant, and equipment	58	66
Cash used for investing activities	(31,131)	(489,200)
Financing Activities:
Borrowings on line of credit	210,000	290,000
Payments made on line of credit	(270,000)	(130,000)
Proceeds from issuance of long-term debt	0	307,500
Payments made on long-term debt	(16,000)	(16,000)
Payments made for debt issuance costs	(1,805)	(3,660)
Purchase of treasury shares	0	(64,961)
Deferred payments for acquisitions	0	(7,136)
Proceeds from employee stock compensation plans	4,237	75
Cash (used for) provided by financing activities	(73,568)	375,818
Effect of foreign exchange rate fluctuations on cash	1,458	(218)
Increase (decrease) in cash and cash equivalents	5,923	(103,417)
Cash and cash equivalents at beginning of period	45,075	151,692
Cash and cash equivalents at end of period	50,998	48,275
Non-cash investing activity:
Capital expenditures included in accounts payable	2,386	2,746
Non-cash financing activity:
Treasury shares purchased included in other accrued liabilities	$ 0	$ 2,385

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock $.01 Par Value	Additional Paid-In Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Balance at Mar. 31, 2016	$ 1,660,167	$ 608	$ 1,743,371	$ 166,421	$ (110,214)	$ (140,019)
Balance (in shares) at Mar. 31, 2016		60,825,914
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	99,728			102,348	(2,620)
Exercise of stock options	75		(147)			222
Exercise of stock options (in shares)		4,892
Restricted stock grants net of forfeitures	(179)		(271)			92
Restricted stock grants net of forfeitures (in shares)		(11,173)
Share-based compensation	6,524		6,524
Restricted stock vested and shares withheld	(743)		(320)			(423)
Restricted stock vested and shares withheld (in shares)		4,748
Treasury stock purchased	$ (66,567)					(66,567)
Treasury stock purchased (in shares)	(1,536,014)	(1,536,014)
Other	$ 2,897	$ (15)	2,912			0
Other (in shares)		5,277
Balance at Oct. 02, 2016	1,701,902	$ 593	1,752,069	268,769	(112,834)	(206,695)
Balance (in shares) at Oct. 02, 2016		59,293,644
Balance at Mar. 31, 2017	1,245,065	$ 571	1,752,903	(108,033)	(112,992)	(287,384)
Balance (in shares) at Mar. 31, 2017		57,014,319
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	(81,061)			(98,053)	16,992
Exercise of stock options	4,237		(6,734)			10,971
Exercise of stock options (in shares)		265,160
Restricted stock grants net of forfeitures	(1,382)		251			(1,633)
Restricted stock grants net of forfeitures (in shares)		(63,687)
Share-based compensation	7,325		7,325
Restricted stock vested and shares withheld	(881)		(2,200)			1,319
Restricted stock vested and shares withheld (in shares)		48,450
Employee stock purchase plan	$ 239		(220)			459
Employee stock purchase plan (in shares)		11,109
Treasury stock purchased (in shares)	0
Other	$ 1	$ 2	(133)			132
Other (in shares)		2,626
Balance at Oct. 01, 2017	$ 1,173,543	$ 573	$ 1,751,192	$ (206,086)	$ (96,000)	$ (276,136)
Balance (in shares) at Oct. 01, 2017		57,277,977

Basis of Presentation and Respo

Basis of Presentation and Responsibility for Interim Financial Statements	6 Months Ended
	Oct. 01, 2017
Accounting Policies [Abstract]
Basis of Presentation and Responsibility for Interim Financial Statements	Basis of Presentation and Responsibility for Interim Financial Statements Nature of Operations. Vista Outdoor Inc. (together with our subsidiaries, "we", "our", and "us") is a leading global designer, manufacturer, and marketer of consumer products in the outdoor sports and recreation markets. We operate in two segments, Outdoor Products and Shooting Sports. Vista Outdoor is headquartered in Farmington, Utah and has manufacturing operations and facilities in 13 U.S. States, Canada, Mexico, and Puerto Rico along with international customer service, sales, and sourcing operations in Asia, Australia, Canada, and Europe. Vista Outdoor was incorporated in Delaware in 2014. This Quarterly Report on Form 10-Q should be read in conjunction with our consolidated and combined financial statements and notes included in our annual report on Form 10-K for the fiscal year ended March 31, 2017. Basis of Presentation. Our unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of the Securities and Exchange Commission ("SEC") for interim reporting. As permitted under those rules, certain disclosures and other financial information that normally are required by accounting principles generally accepted in the United States can be condensed or omitted. Our accounting policies are described in the notes to the consolidated and combined financial statements in our Annual Report on Form 10-K for the fiscal year ended March 31, 2017 (“fiscal 2017”). Management is responsible for the condensed consolidated financial statements included in this document, which are unaudited but, in the opinion of management, include all adjustments necessary for a fair presentation of our financial position as of October 1, 2017 and March 31, 2017 , our results of operations for the three and six months ended October 1, 2017 and October 2, 2016 , and our cash flows for the six months ended October 1, 2017 and October 2, 2016 . New Accounting Pronouncements. On May 28, 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09 Revenue from Contracts with Customers (Topic 606), which supersedes existing revenue recognition requirements. The new guidance will be effective for the company in the first quarter of our fiscal 2019 (beginning April 1, 2018). We continue to assess the impact of the standard on our financial statements and related disclosures. We currently believe that the financial results from the majority of our businesses will not be impacted; although there could be minor changes to the timing of recognition of revenues related to warranty and certain sales incentive and discount programs. We plan to adopt this standard using the modified retrospective transition method. Under this method, we will recognize the cumulative effect of the changes in retained earnings at the date of adoption, but will not restate prior periods. On February 25, 2016, the FASB issued ASU 2016-02, Leases . The new guidance was issued to increase transparency and comparability among companies by reporting most leases on the balance sheet and by expanding disclosure requirements. Based on the current effective dates, the new guidance would apply in the first quarter of our fiscal 2020. We are in the process of evaluating the effect of adoption on our financial statements. Other than those noted above and in our fiscal 2017 financial statements, there are no other new accounting pronouncements that are expected to have a significant impact on our condensed consolidated financial statements.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Oct. 01, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The current authoritative guidance on fair value prescribes a framework for measuring fair value, establishes a fair value hierarchy based on the inputs used to measure fair value, and requires disclosures about the use of fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The valuation techniques required by the current authoritative literature are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect internal market assumptions. These two types of inputs create the following fair value hierarchy: Level 1—Quoted prices for identical instruments in active markets. Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3—Significant inputs to the valuation model are unobservable. The following section describes the valuation methodologies we used to measure our financial instruments at fair value. Long-term debt —The fair value of the variable-rate long-term debt is calculated based on current market rates for debt of the same risk and maturities. The fair value of the fixed-rate long-term debt is based on market quotes for the outstanding notes. We consider these to be Level 2 instruments. Interest rate swaps —We periodically enter into floating-to-fixed interest rate swap agreements in order to hedge our forecasted interest payments on our outstanding variable-rate debt. The fair value of those swaps is determined using a pricing model based on observable inputs for similar instruments and other market assumptions. We consider these to be Level 2 instruments. See Note 11, Long-term Debt, for additional detail. Foreign currency derivatives —In order to manage our exposure to foreign currency risk, we periodically utilize foreign currency derivatives, which are considered Level 2 instruments. Foreign currency derivatives are valued based on observable market transactions of spot currency rates and forward currency prices. During the quarter ended October 1, 2017, we entered into various foreign currency forward contracts. See Note 3, Derivative Financial Instruments, for additional detail. There were no foreign currency derivatives outstanding as of March 31, 2017. Contingent Consideration —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. See Note 5, Acquisitions, for further details. The following table presents our financial assets and liabilities that are not measured at fair value on a recurring basis. The carrying values and estimated fair values were as follows: October 1, 2017 March 31, 2017 Carrying Fair Carrying Fair Fixed-rate debt $ 350,000 $ 361,396 $ 350,000 $ 341,250 Variable-rate debt 707,000 707,000 783,000 783,000

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Oct. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We are exposed to market risks arising from adverse changes in: • commodity prices affecting the cost of raw materials, • interest rate, and • foreign exchange risks. In the normal course of business, these risks are managed through a variety of strategies, including the use of derivative instruments. See Note 11, Long-term Debt, for details on our interest rate swaps. Foreign currency exchange contracts are used to hedge forecasted transactions denominated in a foreign currency. We entered into various foreign currency forward contracts during the quarter ended October 1, 2017. These contracts are used to hedge forecasted cash receipts from customers denominated in foreign currencies and are designated and qualify as effective cash flow hedges. Ineffectiveness with respect to forecasted customer cash receipts is calculated based on changes in the forward rate until the anticipated cash receipt occurs. The fair value of the foreign currency forward contracts is recorded within other assets or liabilities, as appropriate, and the effective portion is reflected in accumulated other comprehensive loss ("AOCL") in the financial statements. The gains or losses on the foreign currency forward contracts are recorded in earnings when we settle the contracts with the counterparty. As of October 1, 2017 , we had outstanding foreign currency forward contracts in place for the following amounts: Notional Amount of Currency Sale of foreign currency: Euro 8,025 The derivative gains and losses in the unaudited condensed consolidated statements of operations related to foreign currency forward contracts were immaterial. The liability related to the foreign currency forward contracts is immaterial and is recorded as part of other current liabilities.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Oct. 01, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The computation of earnings per share ("EPS") includes Basic EPS computed based upon the weighted average number of common shares outstanding for each period. Diluted EPS is computed based on the weighted average number of common shares and common equivalent shares. Common equivalent shares represent the effect of stock-based awards during each period presented, which, if exercised or earned, would have a dilutive effect on EPS. In computing EPS for the three and six months ended October 1, 2017 and October 2, 2016 , earnings, as reported for each respective period, is divided by: Quarter ended Six months ended (in thousands) October 1, 2017 October 2, 2016 October 1, 2017 October 2, 2016 Basic EPS shares outstanding 57,099 59,710 57,041 60,055 Dilutive effect of stock-based awards — 345 — 345 Diluted EPS shares outstanding 57,099 60,055 57,041 60,400 Shares excluded from the calculation of diluted EPS because the option exercise/threshold price was greater than the average market price of the common shares 271 139 271 139 Share Repurchases In fiscal 2015, our Board of Directors authorized a share repurchase program of up to $200,000 worth of shares of our common stock, which was completed during fiscal 2017. In fiscal 2017, our Board of Directors then authorized a new share repurchase program of up to $100,000 worth of our common stock, executable through March 31, 2018, which was completed during fiscal 2017. The purchase authorization allowed for the shares to be purchased from time to time in open market, block purchase, or negotiated transactions, subject to compliance with applicable laws and regulations. The repurchase authorization also allowed us to make repurchases under Rule 10b5-1 of the Securities Exchange Act of 1934. We had no repurchases of shares during the six months ended October 1, 2017 . During the three and six months ended October 2, 2016 , we repurchased 1,074,489 shares for $44,290 and 1,536,014 shares for $66,567 , respectively.

Acquisitions

Acquisitions	6 Months Ended
	Oct. 01, 2017
Business Acquisition [Line Items]
Acquisitions	Acquisitions In accordance with the accounting standards for business combinations, the results of acquired businesses are included in our consolidated condensed financial statements from the date of acquisition. The purchase price for each acquisition is allocated to the acquired assets and liabilities based on fair value. The excess purchase price over estimated fair value of the net assets acquired is recorded as goodwill. Acquisition of Camp Chef On September 1, 2016, we completed the acquisition of privately owned Logan Outdoor Products, LLC and Peak Trades, LLC ("Camp Chef"), a leading provider of outdoor cooking solutions. Under the terms of the transaction, we paid $60,000 subject to customary working capital adjustments, utilizing cash on hand and borrowings under our existing credit facility. An additional $4,000 has been deferred and will be paid in equal installments after the first, second and third anniversary of the closing date, and $10,000 will be payable if incremental growth milestones are met and key members of Camp Chef management continue their employment with us. The $10,000 will be expensed over the three-year measurement period and paid at each milestone date. The growth milestones were met for the first year. The purchase price allocation was finalized in the second quarter of fiscal 2018. A majority of the goodwill generated in this acquisition will be deductible for tax purposes. Camp Chef is an immaterial acquisition to our company. Acquisition of Action Sports On April 1, 2016, we completed the acquisition of BRG Sports Inc.’s Action Sports division, operated by Bell Sports Corp. ("Action Sports"). The acquisition includes brands Bell, Giro, Blackburn, CoPilot, Krash, and Raskullz. Under the terms of the transaction, we paid $400,000 , subject to customary working capital adjustments, utilizing cash on hand and borrowings under our existing credit facilities, and additional contingent consideration payable if incremental profitability growth milestones within the Bell Powersports product line are achieved. We determined a value of the future contingent consideration as of the acquisition date of $4,272 , using a risk-neutral Monte Carlo simulation in an option pricing framework; the total amount paid may differ from this value. The option pricing model requires us to make assumptions including the risk-free rate, expected volatility, profitability growth, and expected life. The risk-free rate is based on U.S. Treasury zero-coupon issues with a remaining term that approximates the expected life assumed at the date of grant. The expected option life is based on the contractual term of the agreement. Expected volatility is based on the average volatility of similar public companies' stock over the past two years. The profitability growth is based on simulated estimates of future performance of the business using a geometric Brownian risk-neutral framework. As of October 1, 2017 , the value of the future contingent consideration was $3,832 . The decrease from the original estimate was primarily a result of reduced profitability forecasts over the remainder of the earn-out period. Action Sports remains headquartered in Scotts Valley, California and operates facilities primarily in the U.S., Canada, and Asia. The acquisition of Action Sports includes more than 600 employees worldwide. The purchase price allocation was finalized in the fourth quarter of fiscal 2017. A portion of the goodwill generated in this acquisition will be deductible for tax purposes. Current quarter results for acquisitions For the three and six months ended October 1, 2017, Vista Outdoor recorded sales of approximately $11,640 and $32,751 , respectively, and gross profit of approximately $3,428 and $9,947 , respectively, associated with the operations of Camp Chef for periods in which it was not part of Vista Outdoor in the comparable prior periods. Vista Outdoor recorded sales of approximately $3,599 for both the three and six months ended October 2, 2016 and gross profit of approximately $711 for both the three and six months ended October 2, 2016 associated with the operations of Camp Chef. The results are reflected in the Outdoor Products segment results. Allocation of Consideration Transferred to Net Assets Acquired for Action Sports: The following amounts represent the final determination of the fair value of identifiable assets acquired and liabilities assumed for our acquisition of Action Sports. The purchase price allocation was completed during the quarter ended March 31, 2017. Action Sports Final Purchase Price Allocation: April 1, 2016 Purchase price net of cash acquired: Cash paid $ 400,000 Estimated earn-out value 4,272 Cash received for working capital (1,289 ) Total purchase price 402,983 Fair value of assets acquired: Receivables $ 78,090 Inventories 56,527 Tradename, customer relationship, and technology intangibles 155,100 Property, plant, and equipment 34,114 Other assets 6,425 Total assets 330,256 Fair value of liabilities assumed: Accounts payable 30,240 Deferred tax liabilities 43,991 Other liabilities 33,168 Total liabilities 107,399 Net assets acquired 222,857 Goodwill $ 180,126

Net Receivables

Net Receivables	6 Months Ended
	Oct. 01, 2017
Receivables [Abstract]
Net Receivables	Net Receivables Net receivables are summarized as follows: October 1, 2017 March 31, 2017 Trade receivables $ 526,124 $ 472,233 Other receivables 2,719 3,136 Less: allowance for doubtful accounts and discounts (26,233 ) (24,654 ) Net receivables $ 502,610 $ 450,715 As of October 1, 2017 and March 31, 2017 , Walmart represented 15% and 13% , respectively, of the total trade receivables balance. No other customer represented more than 10% of total trade receivables balance as of October 1, 2017 and March 31, 2017 .

Net Inventories

Net Inventories	6 Months Ended
	Oct. 01, 2017
Inventory Disclosure [Abstract]
Net Inventories	Net Inventories Net inventories consist of the following: October 1, 2017 March 31, 2017 Raw materials $ 105,052 $ 101,635 Work in process 46,149 51,004 Finished goods 357,634 410,156 Net inventories $ 508,835 $ 562,795 We consider inventories to be long term if they are not expected to be sold within one year. Long-term inventories are presented on the balance sheet net of reserves within deferred charges and other non-current assets and totaled $28,899 and $23,504 as of October 1, 2017 and March 31, 2017 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Oct. 01, 2017
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of AOCL, net of income taxes, are as follows: October 1, 2017 March 31, 2017 Pension and other postretirement benefits $ (55,632 ) $ (56,929 ) Derivatives 23 — Cumulative translation adjustment (40,391 ) (56,063 ) Total AOCL $ (96,000 ) $ (112,992 ) The following tables summarize the changes in the balance of AOCL, net of income tax: Quarter ended October 1, 2017 Six months ended October 1, 2017 Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Beginning balance in AOCL $ 23 $ (59,709 ) $ (47,492 ) $ (107,178 ) $ — $ (56,929 ) $ (56,063 ) $ (112,992 ) Net actuarial losses reclassified from AOCL (1) — 493 — 493 — 1,615 — 1,615 Prior service costs reclassified from AOCL (1) — (49 ) — (49 ) — (323 ) — (323 ) Valuation adjustment for pension and postretirement benefit plans (2) — 3,633 — 3,633 5 — 5 Net increase in fair value of derivatives — — — — 23 — — 23 Net change in cumulative translation adjustment — — 7,101 7,101 — — 15,672 15,672 Ending balance in AOCL $ 23 $ (55,632 ) $ (40,391 ) $ (96,000 ) $ 23 $ (55,632 ) $ (40,391 ) $ (96,000 ) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented. (2) See Note 12, Employee Benefit Plans, for a description of the pension curtailment gain recognized in the quarter ended July 2, 2017. Quarter ended October 2, 2016 Six months ended October 2, 2016 Pension and other postretirement benefits Cumulative translation adjustment Total Pension and other postretirement benefits Cumulative translation adjustment Total Beginning balance in AOCL $ (62,705 ) $ (51,346 ) $ (114,051 ) $ (63,667 ) $ (46,547 ) $ (110,214 ) Net actuarial losses reclassified from AOCL (1) 1,236 — 1,236 2,472 — 2,472 Prior service costs reclassified from AOCL (1) (274 ) — (274 ) (548 ) — (548 ) Net change in cumulative translation adjustment — 255 255 — (4,544 ) (4,544 ) Ending balance in AOCL $ (61,743 ) $ (51,091 ) $ (112,834 ) $ (61,743 ) $ (51,091 ) $ (112,834 ) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented.

Goodwill and Net Intangible Ass

Goodwill and Net Intangible Assets	6 Months Ended
	Oct. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Net Intangible Assets	Goodwill and Net Intangible Assets The changes in the carrying amount of goodwill by segment were as follows: Outdoor Products Shooting Sports Total Balance, March 31, 2017 $ 652,896 $ 204,735 $ 857,631 Impairment (143,400 ) — (143,400 ) Effect of foreign currency exchange rates 6,520 370 6,890 Balance, October 1, 2017 $ 516,016 $ 205,105 $ 721,121 During the quarter ended October 1, 2017, Vista Outdoor recorded a $152,320 impairment of goodwill and identifiable intangible assets related to the Hunting and Shooting Accessories and Sports Protection reporting units. The company previously anticipated a return to sales growth in fiscal 2018 for these reporting units. However, during the quarter ended October 1, 2017 the company concluded that the return to growth for these reporting units would take longer than previously anticipated as a result of challenging market conditions that have persisted longer than expected. Both reporting units have been adversely affected by customer bankruptcies and consolidations. We see increased downward pressure on sales and margins due to high inventories persisting in the wholesale channels for our Hunting and Shooting Accessories reporting unit, and due to lower consumer participation rates and reduced retail space for our products in the Sports Protection reporting unit. As a result, we reduced the projected cash flows for these reporting units to reflect the lower expected sales volume and profit margins. Given the reduction in our internal projections for these reporting units, we determined a triggering event had occurred, which indicated it was more likely than not that the fair values of the reporting units were less than the respective book values. The fair value of both reporting units was determined using both an income and market approach. The value under the income approach is estimated using a discounted cash flow model that requires us to make significant estimates regarding future revenues and expenses, projected capital expenditures, changes in working capital, and the appropriate discount rate. The estimated value under the income approach is weighted equally against the estimated value under a market approach that reflects the price reasonably expected to be realized from the sale of the reporting unit based on transactions involving comparable companies. The excess book value over fair value, and resulting goodwill impairment, in our Hunting and Shooting Accessories reporting unit was $69,734 . To determine the fair value under the income approach, we used a discount rate of 8% and a terminal growth rate of 3% . During the quarter ended October 1, 2017, we also performed an interim test for indefinite lived tradename impairment and we recorded a $7,220 impairment related to our Bushnell and Weaver tradenames. We determined the fair value of the indefinite lived tradenames using a royalty rate of 2% . The excess book value over fair value, and resulting goodwill impairment, in our Sports Protection reporting unit was $73,666 . To determine the fair value under the income approach, we used a discount rate of 8% and a terminal growth rate of 3% . During the quarter ended October 1, 2017, we also performed an interim test for indefinite lived tradename impairment and we recorded a $1,700 impairment related to our Giro tradename. We determined the fair value of the indefinite lived tradename using a royalty rate of 3% . We evaluated our other reporting units and concluded that it was not more likely than not that the book values of the reporting units exceeded their fair values. However, we estimate that the excess of fair value over book value in our Outdoor Recreation and Firearms reporting units is less than 5% . Should the challenging retail environment last longer or be deeper than currently expected, if new product developments do not succeed, or if the discount rate were to increase, it is possible that the estimated fair value of these other reporting units could fall below their book value, which could necessitate further impairment of the goodwill and other intangible assets. We will continue to assess our reporting units for potential triggering events and will perform our annual impairment test as of the first day of the fourth quarter each year. The goodwill recorded within the Outdoor Products segment is presented net of $545,106 of accumulated impairment losses, of which $47,791 was recorded prior to fiscal 2015 and $353,915 was recorded in fiscal 2017. The goodwill recorded within the Shooting Sports segment is presented net of $41,020 of accumulated impairment losses, which were recorded prior to fiscal 2015. The remeasurement of goodwill and intangible assets is classified as a Level 3 fair value assessment as described in Note 2, Fair Value of Financial Instruments, due to the significance of unobservable inputs developed using company-specific information. Net intangible assets other than goodwill consisted of the following: October 1, 2017 March 31, 2017 Gross Accumulated Total Gross Accumulated Total Trade names $ 106,159 $ (20,925 ) $ 85,234 $ 106,159 $ (17,048 ) $ 89,111 Patented technology 19,066 (8,229 ) 10,837 19,066 (7,703 ) 11,363 Customer relationships and other 374,242 (92,623 ) 281,619 371,099 (78,010 ) 293,089 Total 499,467 (121,777 ) 377,690 496,324 (102,761 ) 393,563 Non-amortizing trade names 306,047 — 306,047 314,967 — 314,967 Net intangible assets $ 805,514 $ (121,777 ) $ 683,737 $ 811,291 $ (102,761 ) $ 708,530 The amortizable assets in the table above are being amortized using a straight-line method over a weighted average remaining period of approximately 12.4 years . The amount of amortizing tradename and technology intangible assets for the Outdoor Products segment is presented net of a $61,054 impairment charge recorded in fiscal 2017. The amount of non-amortizing tradename intangible assets in the Outdoor Products segment is presented net of $8,920 and $34,230 of impairment losses recorded in fiscal 2018 and fiscal 2017, respectively; and, the amount of non-amortizing tradename intangible assets in the Shooting Sports segment is presented net of $11,200 of impairment losses recorded in fiscal 2015. Amortization expense for the quarters ended October 1, 2017 and October 2, 2016 was $9,143 and $10,287 , respectively, and for the six months ended October 1, 2017 and October 2, 2016 was $18,253 and $20,393 , respectively. As of October 1, 2017 , we expect amortization expense related to these assets to be as follows: Remainder of fiscal 2018 $ 18,444 Fiscal 2019 34,144 Fiscal 2020 33,317 Fiscal 2021 33,301 Fiscal 2022 33,293 Thereafter 225,191 Total $ 377,690

Other Current and Non-current L

Other Current and Non-current Liabilities	6 Months Ended
	Oct. 01, 2017
Other Liabilities Disclosure [Abstract]
Other Current and Non-current liabilities	Other Current and Non-current Liabilities Other current and non-current liabilities consisted of the following: October 1, 2017 March 31, 2017 Other current liabilities: Accrual for in-transit inventory $ 27,800 $ 17,505 Rebate 26,381 19,325 Other 81,459 86,096 Total other current liabilities $ 135,640 $ 122,926 Other non-current liabilities: Non-current portion of accrued income tax liability $ 34,410 $ 32,842 Other 34,669 38,204 Total other non-current liabilities $ 69,079 $ 71,046 We provide consumer warranties against manufacturing defects on certain products within the Outdoor Products and Shooting Sports segments with warranty periods ranging typically from one year to a lifetime of the product. The estimated costs of such product warranties are recorded at the time the sale is recorded based upon actual past experience, our current production environment as well as specific and identifiable warranties as applicable. The warranty liability recorded at each balance sheet date reflects the estimated liability for warranty coverage for products delivered based on historical information and current trends. The following is a reconciliation of the changes in our product warranty liability during the period presented: Balance, March 31, 2017 $ 10,014 Payments made (2,361 ) Warranties issued 2,249 Changes related to preexisting warranties 170 Balance, October 1, 2017 $ 10,072

Long-term Debt

Long-term Debt	6 Months Ended
	Oct. 01, 2017
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt, including the current portion, consisted of the following: October 1, 2017 March 31, 2017 Credit Agreement: Term Loan $ 592,000 $ 608,000 Revolving Credit Facility 115,000 175,000 Total principal amount of Credit Agreement 707,000 783,000 5.875% Senior Notes 350,000 350,000 Principal amount of long-term debt 1,057,000 1,133,000 Less: unamortized deferred financing costs (12,059 ) (11,748 ) Carrying amount of long-term debt 1,044,941 1,121,252 Less: current portion (32,000 ) (32,000 ) Carrying amount of long-term debt, excluding current portion $ 1,012,941 $ 1,089,252 Credit Agreement On April 1, 2016, we entered into an Amended and Restated Credit Agreement (the “Credit Agreement”), which replaced our 2014 Credit Agreement. The Credit Agreement is comprised of a Term A Loan of $640,000 and a $400,000 Revolving Credit Facility, both of which mature on April 1, 2021. The Term A Loan is subject to quarterly principal payments of $8,000 , with the remaining balance due on April 1, 2021. Substantially all domestic tangible and intangible assets of Vista Outdoor and our subsidiaries, as well as the tangible and intangible assets of Advanced Arrow S. de R.L. de C.V. and Hydrosport, S. de R.L. de C.V., are pledged as collateral under the Credit Agreement. Borrowings under the Credit Agreement bear interest at a rate equal to either the sum of a base rate plus a specified margin or the sum of a Eurodollar rate plus a specified margin. Each margin is based on our consolidated leverage ratio, as defined in the Credit Agreement, and based on the ratio in effect as of October 1, 2017 , the base rate margin was 1.25% and the Eurodollar margin was 2.25% . The weighted average interest rate for our borrowings under the Credit Agreement as of October 1, 2017 was 3.49% , excluding the impact of the interest rate swaps that are discussed below. We pay a commitment fee on the unused portion of the Revolving Credit Facility based on our consolidated leverage ratio, and based on the current ratio, this fee is 0.40% . As of October 1, 2017 , we had $115,000 in borrowings against our $400,000 Revolving Credit Facility and had outstanding letters of credit of $25,637 , which reduced amounts available on the Revolving Credit Facility to $259,363 . Debt issuance costs of approximately $14,000 are being amortized over the term of the Credit Agreement. In December 2014, we entered into a credit agreement (the "2014 Credit Agreement"), which was comprised of a Term A Loan of $350,000 and a Revolving Credit Facility of $400,000 , both of which were to mature on February 9, 2020. During the quarter ended July 3, 2016, we refinanced this agreement as noted above. In connection with this transaction, we wrote off $1,521 of unamortized deferred debt issuance costs. During the quarter ended July 2, 2017, we entered into an amendment to the Credit Agreement (the "Amendment") to amend, among other things, certain financial covenants. The Amendment provides that the Consolidated Leverage Ratio (as defined in the Credit Agreement) must not exceed 4.75 to 1.00 through the fiscal quarter ending December 30, 2018, 4.25 to 1.00 from the fiscal quarter ending March 31, 2019 through December 29, 2019; and 4.00 to 1.00 thereafter. The Amendment also provides that the Consolidated Senior Secured Leverage Ratio (as defined in the Credit Agreement) must not exceed 3.50 to 1.00 through the fiscal quarter ending December 30, 2018, and 3.00 to 1.00 thereafter. In addition, the limitation on Restricted Payments (as defined in the Credit Agreement) was amended. Also amended were the rates at which borrowings under the Revolving Credit Facility and Term A Loan bear interest and the commitment fee for unused commitments under the Revolving Credit Facility, all of which vary depending on our Consolidated Leverage Ratio. Debt issuance costs related to the Amendment of approximately $1,800 are being amortized over the remaining term of the Credit Agreement. 5.875% Notes On August 11, 2015, we issued $350,000 aggregate principal amount of 5.875% Senior Notes (the "5.875% Notes") that mature on October 1, 2023. These notes are unsecured and senior obligations. Interest on these notes is payable semi-annually in arrears on April 1 and October 1 of each year, starting on April 1, 2016. We have the right to redeem some or all of these notes from time to time on or after October 1, 2018, at specified redemption prices. Prior to October 1, 2018, we may redeem some or all of these notes at a price equal to 100% of their principal amount plus accrued and unpaid interest to the date of redemption and a specified make-whole premium. In addition, prior to October 1, 2018, we may redeem up to 35% of the aggregate principal amount of these notes with the net cash proceeds of certain equity offerings, at a price equal to 105.875% of their principal amount plus accrued and unpaid interest to the date of redemption. Debt issuance costs of approximately $4,300 are being amortized to interest expense over 8 years, the term of the notes. Rank and Guarantees The Credit Agreement obligations are guaranteed on a secured basis, jointly and severally and fully and unconditionally by substantially all of our domestic subsidiaries and by Advanced Arrow S. de R.L. de C.V. and Hydrosport, S. de R.L. de C.V.. Vista Outdoor (the parent company issuer) has no independent assets or operations. We own 100% of all of these guarantor subsidiaries. The 5.875% Notes are senior unsecured obligations and will rank equally in right of payment with any future senior unsecured indebtedness and senior in right of payment to any future subordinated indebtedness. The 5.875% Notes are fully and unconditionally guaranteed, jointly and severally, by our existing and future domestic subsidiaries that guarantee indebtedness under our Credit Agreement or that guarantee certain of our other indebtedness, or indebtedness of any subsidiary guarantor, in an aggregate principal amount in excess of $50,000 . These guarantees are senior unsecured obligations of the applicable subsidiary guarantors. The guarantee by any subsidiary guarantor of our obligations in respect of the 5.875% Notes will be released in any of the following circumstances: • if, as a result of the sale of its capital stock, such subsidiary guarantor ceases to be a restricted subsidiary; • if such subsidiary guarantor is designated as an “Unrestricted Subsidiary;” • upon defeasance or satisfaction and discharge of the 5.875% Notes; or • if such subsidiary guarantor has been released from its guarantees of indebtedness under the Credit Agreement and all capital markets debt securities. Interest Rate Swaps During the quarter ended July 2, 2017, we entered into floating-to-fixed interest rate swap agreements in order to hedge our forecasted interest payments on our outstanding variable-rate debt. As of October 1, 2017 , we had the following cash flow hedge interest rate swaps in place: Notional Fair Value Pay Fixed Receive Floating Maturity Date Non-amortizing swap $ 100,000 $ 105 1.519% 1.235% June 2019 Non-amortizing swap 100,000 184 1.629% 1.235% June 2020 The amount to be paid or received under these swaps is recorded as an adjustment to interest expense. The asset related to the swaps is recorded as part of other current assets. Cash Paid for Interest on Debt Cash paid for interest on debt, including commitment fees, for the six months ended October 1, 2017 and October 2, 2016 totaled $22,888 and $21,629 , respectively.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Oct. 01, 2017
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans During the quarter ended October 1, 2017 , we recognized an aggregate net expense for employee benefit plans of $5,859 compared to $1,690 in the quarter ended October 2, 2016 . The increase was primarily due to additional expense recognized in the current quarter as a result of benefits for retiring executives which had an impact of $5,912 , partially offset by lower amortization of previously unrecognized losses and lower service costs. For the six months ended October 1, 2017 and October 2, 2016, we recognized an aggregate net expense for employee benefit plans of $1,507 and $3,381 , respectively. The decrease was primarily due to the pension curtailment gain recognized in the first quarter of fiscal 2018, as discussed below and lower service costs as a result of the curtailment, offset by the additional expense during the quarter ended October 1, 2017 as a result of benefits for retiring executives. Employer Contributions. During the six months ended October 1, 2017 , we made the legally required contribution of $5,600 directly to the pension trust, and no contributions to our other postretirement benefit plans. We made no distributions directly to retirees under the non-qualified supplemental executive retirement plan. During the six months ended October 2, 2016 , we contributed $2,200 directly to the pension trust, made no contributions to our other postretirement benefit plans, and made distributions of $12 to retirees under the non-qualified supplemental executive retirement plan. We expect to make $3,200 in additional contributions directly to the pension trust, and we expect to contribute approximately $159 to our other postretirement benefit plans, and distribute approximately $11,125 directly to retirees under our non-qualified supplemental executive retirement plans, during the remainder of fiscal 2018 . Pension Curtailment. In June 2017, we announced changes to our qualified and non-qualified defined benefit pension plans. The benefits under the affected plans are determined by a cash balance formula that provides participating employees with an annual “pay credit” as a percentage of their eligible pay based on their age and eligible service. The curtailment is effective July 31, 2017, with employees receiving a pro-rated pay credit for 2017 and no future pay credits beginning in 2018. However, a participating employee’s benefit will continue to grow based on annual interest credits applied to the employee’s cash balance account until commencement of the employee’s benefit. As a result of the changes, we recognized a one-time gain of $5,783 during the quarter ended July 2, 2017.

Income Taxes

Income Taxes	6 Months Ended
	Oct. 01, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our provision for income taxes includes federal, foreign, and state income taxes. Income tax provisions for interim periods are based on estimated effective annual income tax rates. The income tax provisions for the quarters ended October 1, 2017 and October 2, 2016 represent effective tax rates of 17.9% and 22.4% , respectively. The decrease in the rate from the prior year quarter is primarily caused by the nondeductible goodwill impairment charge in the current quarter partially offset by the prior year nontaxable acquisition claim settlement gain and the true-up of prior year tax returns resulting in larger than expected carryforwards to our tax return. The effective tax rates for the quarters ended October 1, 2017 and October 2, 2016 were lower than the statutory rates primarily because of the impact of the goodwill impairment in the current period and the acquisition claim settlement gain in the prior period, respectively. The income tax provisions for the six months ended October 1, 2017 and October 2, 2016 represent effective tax rates of 13.1% and 27.7% , respectively. The decrease in the rate from the prior year period is primarily caused by the nondeductible goodwill impairment charge in the current quarter partially offset by the prior year nontaxable acquisition claim settlement gain and the true-up of prior year tax returns resulting in larger than expected carryforwards to our tax return. The effective tax rates for the six months ended October 1, 2017 and October 2, 2016 were lower than the statutory rates primarily because of the impact of the goodwill impairment in the current period and the acquisition claim settlement gain in the prior period, respectively. We entered into a Tax Matters Agreement with Orbital ATK that governs the respective rights, responsibilities and obligations of Vista Outdoor and Orbital ATK after the distribution of all of the shares of our common stock on a pro rata basis to the holders of Alliant Techsystems Inc. common stock (the “Spin-Off”) with respect to tax liabilities and benefits, tax attributes, tax contests and other tax sharing regarding U.S. federal, state, local and foreign income taxes, other tax matters and related tax returns. We have joint and several liability with Orbital ATK to the IRS for the consolidated U.S. federal income taxes of the Orbital ATK consolidated group relating to the taxable periods in which we were part of that group. However, the Tax Matters Agreement specifies the portion, if any, of this tax liability for which we bear responsibility, and Orbital ATK agrees to indemnify us against any amounts for which we are not responsible. The Tax Matters Agreement also provides special rules for allocating tax liabilities in the event that the Spin-Off is determined not to be tax-free. Though valid as between the parties, the Tax Matters Agreement is not binding on the IRS. Prior to the Spin-Off, Orbital ATK or one of its subsidiaries filed income tax returns in the U.S. federal and various U.S. state jurisdictions which included Vista Outdoor. In addition, certain of our subsidiaries filed income tax returns in foreign jurisdictions. After the Spin-Off we are filing income tax returns in the U.S. federal, foreign and various U.S. state jurisdictions. With a few exceptions, Orbital ATK and its subsidiaries and Vista are no longer subject to U.S. federal, state and local, or foreign income tax examinations by tax authorities prior to 2010. The IRS has completed the audits of Orbital ATK through fiscal 2014 and is currently auditing Orbital ATK's tax return for fiscal 2015. The IRS is also currently auditing our tax return for the period that begins after the Spin-Off (February 9, 2015) and ends on March 31, 2015. We believe appropriate provisions for all outstanding issues relating to our portion of these returns have been made for all remaining open years in all jurisdictions. Although the timing and outcome of audit settlements are uncertain, it is reasonably possible that a $2,688 reduction of the uncertain tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $1,779 .

Contingencies

Contingencies	6 Months Ended
	Oct. 01, 2017
Loss Contingency [Abstract]
Contingencies	Contingencies Litigation. From time to time, we are subject to various legal proceedings, including lawsuits, which arise out of, and are incidental to, the conduct of our business. We do not consider any of such proceedings that are currently pending, individually or in the aggregate to be material to our business or likely to result in a material adverse effect on our operating results, financial condition, or cash flows. Environmental Liabilities. Our operations and ownership or use of real property are subject to a number of federal, state, and local environmental laws and regulations, as well as applicable foreign laws and regulations, including those governing the discharge of hazardous materials, remediation of contaminated sites, and restoration of damage to the environment. We are obligated to conduct investigation and/or remediation activities at certain sites that we own or operate or formerly owned or operated. We have been identified as a potentially responsible party (“PRP”), along with other parties, in regulatory agency actions associated with hazardous waste sites. As a PRP, we may be required to pay a share of the costs of the investigation and clean-up of these sites. While uncertainties exist with respect to the amounts and timing of the ultimate environmental liabilities, based on currently available information, we have concluded that these matters, individually or in the aggregate, will not have a material adverse effect on our operating results, financial condition, or cash flows. We have recorded a liability for environmental remediation of $747 and $750 as of October 1, 2017 and March 31, 2017 , respectively. We could incur substantial additional costs, including cleanup costs, resource restoration, fines, and penalties or third-party property damage or personal injury claims, as a result of violations or liabilities under environmental laws or non-compliance with environmental permits. While environmental laws and regulations have not had a material adverse effect on our operating results, financial condition, or cash flows in the past, and we have environmental management programs in place to mitigate these risks, it is difficult to predict whether they will have a material impact in the future.

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	6 Months Ended
	Oct. 01, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements The 5.875% Notes are guaranteed on an unsecured basis, jointly and severally and fully and unconditionally by substantially all of our domestic subsidiaries and by Advanced Arrow S. de R.L. de C.V. and Hydrosport, S. de R.L. de C.V. The parent company has no independent assets or operations. All of these guarantor subsidiaries are 100% owned by Vista Outdoor. These guarantees are senior or senior subordinated obligations, as applicable, of the applicable subsidiary guarantors. In conjunction with the registration of the 5.875% Notes the consolidating financial information of the guarantor and non-guarantor subsidiaries is presented on the following pages. The guarantee by any subsidiary guarantor of our obligations in respect of the 5.875% Notes will be released in any of the following circumstances: • if, as a result of the sale of its capital stock, such subsidiary guarantor ceases to be a restricted subsidiary; • if such subsidiary guarantor is designated as an “Unrestricted Subsidiary;” • upon defeasance or satisfaction and discharge of the 5.875% Notes; or • if such subsidiary guarantor has been released from its guarantees of indebtedness under the Credit Agreement and all capital markets debt securities. Within the last four fiscal quarters, the domestic subsidiaries included in our two most recent acquisitions (Action Sports and Camp Chef) were added to the list of guarantors of our 5.875% Notes. As a result, we revised the prior period guarantors and non-guarantors financial statements presented as if the new guarantor structure (as of the balance sheet date) existed for all periods presented. VISTA OUTDOOR INC. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited) Quarter ended October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 554,352 $ 54,545 $ (21,614 ) $ 587,283 Cost of sales — 432,828 37,362 (21,884 ) 448,306 Gross profit — 121,524 17,183 270 138,977 Operating expenses: Research and development — 7,447 — — 7,447 Selling, general, and administrative — 94,229 12,157 — 106,386 Goodwill and intangibles impairment — 102,320 50,000 — 152,320 Income (loss) before interest and income taxes — (82,472 ) (44,974 ) 270 (127,176 ) Equity in income of subsidiaries (106,789 ) (47,138 ) — 153,927 — Interest expense, net (12,569 ) — — — (12,569 ) Income (loss) before income taxes (119,358 ) (129,610 ) (44,974 ) 154,197 (139,745 ) Income tax provision (benefit) (4,653 ) (22,821 ) 2,336 98 (25,040 ) Net income (loss) $ (114,705 ) $ (106,789 ) $ (47,310 ) $ 154,099 $ (114,705 ) Other comprehensive income (loss), net of tax: Net income (loss) (from above) $ (114,705 ) $ (106,789 ) $ (47,310 ) $ 154,099 $ (114,705 ) Total other comprehensive income 11,178 11,178 7,101 (18,279 ) 11,178 Comprehensive income (loss) $ (103,527 ) $ (95,611 ) $ (40,209 ) $ 135,820 $ (103,527 ) Quarter ended October 2, 2016 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 658,092 $ 57,066 $ (30,846 ) $ 684,312 Cost of sales — 495,560 34,167 (30,824 ) 498,903 Gross profit — 162,532 22,899 (22 ) 185,409 Operating expenses: Research and development — 8,201 (51 ) — 8,150 Selling, general, and administrative — 87,376 15,347 — 102,723 Acquisition claim settlement gain, net (30,027 ) — — — (30,027 ) Income before interest and income taxes 30,027 66,955 7,603 (22 ) 104,563 Equity in income of subsidiaries 49,536 4,856 — (54,392 ) — Interest expense, net (10,143 ) — — — (10,143 ) Income before income taxes 69,420 71,811 7,603 (54,414 ) 94,420 Income tax provision (benefit) (3,804 ) 22,275 2,727 (2 ) 21,196 Net income $ 73,224 $ 49,536 $ 4,876 $ (54,412 ) $ 73,224 Other comprehensive income, net of tax: Net income (from above) $ 73,224 $ 49,536 $ 4,876 $ (54,412 ) $ 73,224 Total other comprehensive income 1,217 1,217 255 (1,472 ) 1,217 Comprehensive income $ 74,441 $ 50,753 $ 5,131 $ (55,884 ) $ 74,441 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited) Six months ended October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 1,093,911 $ 105,242 $ (43,121 ) $ 1,156,032 Cost of sales — 843,785 70,591 (43,879 ) 870,497 Gross profit — 250,126 34,651 758 285,535 Operating expenses: Research and development — 15,238 — — 15,238 Selling, general, and administrative — 181,526 24,286 — 205,812 Goodwill and intangibles impairment — 102,320 50,000 — 152,320 Income (loss) before interest and income taxes — (48,958 ) (39,635 ) 758 (87,835 ) Equity in income of subsidiaries (82,390 ) (43,173 ) — 125,563 — Interest expense, net (24,962 ) — — — (24,962 ) Income (loss) before income taxes (107,352 ) (92,131 ) (39,635 ) 126,321 (112,797 ) Income tax provision (benefit) (9,299 ) (9,741 ) 4,043 253 (14,744 ) Net income (loss) $ (98,053 ) $ (82,390 ) $ (43,678 ) $ 126,068 $ (98,053 ) Other comprehensive (loss) income, net of tax: Net income (loss) (from above) $ (98,053 ) $ (82,390 ) $ (43,678 ) $ 126,068 $ (98,053 ) Total other comprehensive income 16,992 16,992 15,672 (32,664 ) 16,992 Comprehensive loss $ (81,061 ) $ (65,398 ) $ (28,006 ) $ 93,404 $ (81,061 ) Six months ended October 2, 2016 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 1,257,406 $ 111,660 $ (54,485 ) $ 1,314,581 Cost of sales — 941,109 70,909 (54,223 ) 957,795 Gross profit — 316,297 40,751 (262 ) 356,786 Operating expenses: Research and development — 16,032 (51 ) — 15,981 Selling, general, and administrative — 177,992 29,175 — 207,167 Acquisition claim settlement gain, net (30,027 ) — — — (30,027 ) Income before interest and income taxes 30,027 122,273 11,627 (262 ) 163,665 Equity in income of subsidiaries 86,136 7,316 — (93,452 ) — Interest expense, net (22,106 ) — — — (22,106 ) Income before income taxes 94,057 129,589 11,627 (93,714 ) 141,559 Income tax provision (benefit) (8,291 ) 43,453 4,134 (85 ) 39,211 Net income $ 102,348 $ 86,136 $ 7,493 $ (93,629 ) $ 102,348 Other comprehensive income, net of tax: Net income (from above) 102,348 86,136 7,493 (93,629 ) 102,348 Total other comprehensive loss (2,620 ) (2,620 ) (4,544 ) 7,164 (2,620 ) Comprehensive income $ 99,728 $ 83,516 $ 2,949 $ (86,465 ) $ 99,728 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 21,296 $ 29,702 $ — $ 50,998 Net receivables — 458,867 43,743 — 502,610 Due from affiliates, current — 2,032 — (2,032 ) — Net inventories — 453,456 59,631 (4,252 ) 508,835 Income tax receivable — 12,182 — 3,073 15,255 Other current assets — 22,646 2,687 — 25,333 Total current assets — 970,479 135,763 (3,211 ) 1,103,031 Net property, plant, and equipment — 261,264 9,447 — 270,711 Investment in subsidiaries 2,409,529 162,574 — (2,572,103 ) — Goodwill — 656,498 64,623 — 721,121 Net intangible assets — 650,841 32,896 — 683,737 Long-term due from affiliates — 232,055 — (232,055 ) — Deferred charges and other non-current assets — 25,080 6,586 — 31,666 Total assets $ 2,409,529 $ 2,958,791 $ 249,315 $ (2,807,369 ) $ 2,810,266 LIABILITIES AND EQUITY Current liabilities: Current portion of long-term debt $ 32,000 $ — $ — $ — $ 32,000 Accounts payable — 123,073 11,772 — 134,845 Due to affiliates, current — — 2,032 (2,032 ) — Accrued compensation — 32,213 3,450 — 35,663 Accrued income taxes — — 142 (142 ) — Federal excise tax — 24,269 1,553 — 25,822 Other accrued liabilities — 119,900 15,740 — 135,640 Total current liabilities 32,000 299,455 34,689 (2,174 ) 363,970 Long-term debt 1,012,941 — — — 1,012,941 Deferred income tax liabilities — 123,112 7,896 1,656 132,664 Accrued pension and postemployment benefits — 58,069 — — 58,069 Long-term due to affiliates 191,045 — 41,010 (232,055 ) — Other long-term liabilities — 67,834 1,245 — 69,079 Total liabilities 1,235,986 548,470 84,840 (232,573 ) 1,636,723 Equity Total stockholders' equity 1,173,543 2,410,321 164,475 (2,574,796 ) 1,173,543 Total liabilities and stockholders' equity $ 2,409,529 $ 2,958,791 $ 249,315 $ (2,807,369 ) $ 2,810,266 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) March 31, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 23,027 $ 22,048 $ — $ 45,075 Net receivables — 409,177 41,538 — 450,715 Due from affiliates, current — 1,787 — (1,787 ) — Net inventories — 510,754 57,050 (5,009 ) 562,795 Income tax receivable — 22,394 1,303 1,961 25,658 Other current assets — 23,177 2,427 — 25,604 Total current assets — 990,316 124,366 (4,835 ) 1,109,847 Net property, plant, and equipment — 262,711 9,635 — 272,346 Investment in subsidiaries 2,552,948 196,547 — (2,749,495 ) — Goodwill — 749,898 107,733 — 857,631 Net intangible assets — 676,576 31,954 — 708,530 Long-term due from affiliates — 230,669 — (230,669 ) — Deferred charges and other non-current assets — 23,482 4,911 — 28,393 Total assets $ 2,552,948 $ 3,130,199 $ 278,599 $ (2,984,999 ) $ 2,976,747 LIABILITIES AND EQUITY Current liabilities: Current portion of long-term debt $ 32,000 $ — $ — $ — $ 32,000 Accounts payable — 117,650 10,068 — 127,718 Due to affiliates, current — — 1,787 (1,787 ) — Accrued compensation — 30,173 3,490 — 33,663 Federal excise tax — 29,042 1,040 — 30,082 Other accrued liabilities — 110,321 12,605 — 122,926 Total current liabilities 32,000 287,186 28,990 (1,787 ) 346,389 Long-term debt 1,089,252 — — — 1,089,252 Deferred income tax liabilities — 153,636 6,979 150 160,765 Accrued pension and postemployment benefits — 64,230 — — 64,230 Long-term due to affiliates 186,631 — 44,038 (230,669 ) — Other long-term liabilities — 69,384 1,662 — 71,046 Total liabilities 1,307,883 574,436 81,669 (232,306 ) 1,731,682 Equity Total stockholders' equity 1,245,065 2,555,763 196,930 (2,752,693 ) 1,245,065 Total liabilities and stockholders' equity $ 2,552,948 $ 3,130,199 $ 278,599 $ (2,984,999 ) $ 2,976,747 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) Six months ended October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Operating Activities: Cash provided by (used for) operating activities $ (14,168 ) $ 109,225 $ 14,107 $ — $ 109,164 Investing Activities: Capital expenditures — (30,802 ) (387 ) — (31,189 ) Due from affiliates — (80,185 ) — 80,185 — Proceeds from the disposition of property, plant, and equipment — 31 27 — 58 Cash provided by (used for) investing activities — (110,956 ) (360 ) 80,185 (31,131 ) Financing Activities: Due to (from) affiliates 87,736 — (7,551 ) (80,185 ) — Borrowings on line of credit 210,000 — — — 210,000 Payments made on line of credit (270,000 ) — — — (270,000 ) Payments made on long-term debt (16,000 ) — — — (16,000 ) Payments made for debt issuance costs (1,805 ) — — — (1,805 ) Proceeds from employee stock compensation plans 4,237 — — — 4,237 Cash provided by (used for) financing activities 14,168 — (7,551 ) (80,185 ) (73,568 ) Effect of foreign exchange rate fluctuations on cash — — 1,458 — 1,458 (Decrease) increase in cash and cash equivalents — (1,731 ) 7,654 — 5,923 Cash and cash equivalents at beginning of period — 23,027 22,048 — 45,075 Cash and cash equivalents at end of period $ — $ 21,296 $ 29,702 $ — $ 50,998 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) Six months ended October 2, 2016 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Operating Activities: Cash provided by (used for) operating activities $ 17,524 $ (2,518 ) $ (4,823 ) $ — $ 10,183 Investing Activities: Capital expenditures — (30,418 ) (699 ) — (31,117 ) Due from affiliates — (77,482 ) — 77,482 — Acquisition of businesses, net of cash acquired (465,684 ) 7,149 386 — (458,149 ) Proceeds from the disposition of property, plant, and equipment — 22 44 — 66 Cash used for investing activities (465,684 ) (100,729 ) (269 ) 77,482 (489,200 ) Financing Activities: Due to (from) affiliates 72,342 — 5,140 (77,482 ) — Borrowings on line of credit 290,000 — — — 290,000 Payments made on line of credit (130,000 ) — — — (130,000 ) Proceeds from issuance of long-term debt 307,500 — — — 307,500 Payments made on long-term debt (16,000 ) — — — (16,000 ) Payments made for debt issuance costs (3,660 ) — — — (3,660 ) Purchase of treasury shares (64,961 ) — — — (64,961 ) Deferred payments for acquisitions (7,136 ) — — — (7,136 ) Proceeds from employee stock compensation plans 75 — — — 75 Cash provided by financing activities 448,160 — 5,140 (77,482 ) 375,818 Effect of foreign exchange rate fluctuations on cash — — (218 ) — (218 ) (Decrease) in cash and cash equivalents — (103,247 ) (170 ) — (103,417 ) Cash and cash equivalents at beginning of period — 133,503 18,189 — 151,692 Cash and cash equivalents at end of period $ — $ 30,256 $ 18,019 $ — $ 48,275

Operating Segment Information

Operating Segment Information	6 Months Ended
	Oct. 01, 2017
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information We operate our business structure within two operating segments, which are defined based on the reporting and review process used by the chief operating decision maker, our Chief Executive Officer. Management reviews the operating segments based on net sales and gross profit. Certain significant selling and general and administrative expenses are not allocated to the segments. In addition, certain significant asset balances are not readily identifiable with individual segments and therefore cannot be allocated. It is impractical to report revenues from external customers by product category due to certain significant sales deductions including volume rebates and discounts that are not attributed to product categories. Each segment is described below: • Outdoor Products, which generated approximately 50% of our external sales in the six months ended October 1, 2017 . The Outdoor Products product lines are action sports, archery/hunting accessories, camping, global eyewear and sport protection products, golf, hydration products, optics, shooting accessories, tactical products and water sports. Action sports includes helmets, goggles, and accessories for cycling, snow sports, action sports and powersports. Archery/hunting accessories include high-performance hunting arrows, game calls, hunting blinds, game cameras and waterfowl decoys. Camping products include our outdoor cooking solutions. Eyewear and sport protection products include safety and protective eyewear, as well as fashion and sports eyewear. Golf products include laser rangefinders. Hydration products include hydration packs and water bottles. Optics products include binoculars, riflescopes and telescopes. Shooting accessories products include reloading equipment, clay targets, and premium gun care products. Tactical products include holsters, duty gear, bags and packs. Water sports products include stand up paddle boards. • Shooting Sports, which generated approximately 50% of our external sales in the six months ended October 1, 2017 . Shooting Sports product lines include centerfire ammunition, rimfire ammunition, shotshell ammunition, reloading components, and firearms. Walmart contributed 15% of our sales in both the six months ended October 1, 2017 and October 2, 2016 . No other single customer contributed 10% or more of our sales in the quarters ended October 1, 2017 and October 2, 2016 . The following summarizes our results by segment: Quarter ended Six months ended October 1, 2017 October 2, 2016 October 1, 2017 October 2, 2016 Sales to external customers: Outdoor Products $ 291,628 $ 320,716 $ 581,611 $ 608,181 Shooting Sports 295,655 363,596 574,421 706,400 Total sales to external customers $ 587,283 $ 684,312 $ 1,156,032 $ 1,314,581 Gross Profit Outdoor Products $ 75,608 $ 83,760 $ 152,118 $ 164,657 Shooting Sports 63,341 101,616 133,659 192,450 Corporate 28 33 (242 ) (321 ) Total gross profit $ 138,977 $ 185,409 $ 285,535 $ 356,786 The sales above exclude intercompany sales between Outdoor Products and Shooting Sports of $1,391 and $633 for the quarter ended October 1, 2017 and October 2, 2016 , respectively. The sales above exclude intercompany sales between Outdoor Products and Shooting Sports of $2,252 and $1,750 for the six months ended October 1, 2017 and October 2, 2016 , respectively.

Subsequent Events

Subsequent Events	6 Months Ended
	Oct. 01, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Board of Directors elected Christopher T. Metz to serve as the company's Chief Executive Officer effective October 9, 2017. He will also serve as a member of the Board of Directors. On November 9, 2017 the company announced that its Board of Directors has named Michael Callahan to serve as chairman. On November 9, 2017 the company announced its intention to sell the Bollé, Serengeti, and Cébé brands in the Sports Protection business. The sale of these brands is expected to take place over the next few quarters.

Basis of Presentation and Res25

Basis of Presentation and Responsibility for Interim Financial Statements (Policies)	6 Months Ended
	Oct. 01, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements. On May 28, 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09 Revenue from Contracts with Customers (Topic 606), which supersedes existing revenue recognition requirements. The new guidance will be effective for the company in the first quarter of our fiscal 2019 (beginning April 1, 2018). We continue to assess the impact of the standard on our financial statements and related disclosures. We currently believe that the financial results from the majority of our businesses will not be impacted; although there could be minor changes to the timing of recognition of revenues related to warranty and certain sales incentive and discount programs. We plan to adopt this standard using the modified retrospective transition method. Under this method, we will recognize the cumulative effect of the changes in retained earnings at the date of adoption, but will not restate prior periods. On February 25, 2016, the FASB issued ASU 2016-02, Leases . The new guidance was issued to increase transparency and comparability among companies by reporting most leases on the balance sheet and by expanding disclosure requirements. Based on the current effective dates, the new guidance would apply in the first quarter of our fiscal 2020. We are in the process of evaluating the effect of adoption on our financial statements. Other than those noted above and in our fiscal 2017 financial statements, there are no other new accounting pronouncements that are expected to have a significant impact on our condensed consolidated financial statements.

Fair Value of Financial Instr26

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Oct. 01, 2017
Fair Value Disclosures [Abstract]
Schedule of carrying values and estimated fair values of assets and liabilities that are not measured on a recurring basis	The following table presents our financial assets and liabilities that are not measured at fair value on a recurring basis. The carrying values and estimated fair values were as follows: October 1, 2017 March 31, 2017 Carrying Fair Carrying Fair Fixed-rate debt $ 350,000 $ 361,396 $ 350,000 $ 341,250 Variable-rate debt 707,000 707,000 783,000 783,000

Derivative Financial Instrume27

Derivative Financial Instruments (Tables)	6 Months Ended
	Oct. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of October 1, 2017 , we had outstanding foreign currency forward contracts in place for the following amounts: Notional Amount of Currency Sale of foreign currency: Euro 8,025

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Oct. 01, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	In computing EPS for the three and six months ended October 1, 2017 and October 2, 2016 , earnings, as reported for each respective period, is divided by: Quarter ended Six months ended (in thousands) October 1, 2017 October 2, 2016 October 1, 2017 October 2, 2016 Basic EPS shares outstanding 57,099 59,710 57,041 60,055 Dilutive effect of stock-based awards — 345 — 345 Diluted EPS shares outstanding 57,099 60,055 57,041 60,400 Shares excluded from the calculation of diluted EPS because the option exercise/threshold price was greater than the average market price of the common shares 271 139 271 139

Net Receivables (Tables)

Net Receivables (Tables)	6 Months Ended
	Oct. 01, 2017
Receivables [Abstract]
Schedule of receivables, including amounts due under long-term contracts (contract receivables)	Net receivables are summarized as follows: October 1, 2017 March 31, 2017 Trade receivables $ 526,124 $ 472,233 Other receivables 2,719 3,136 Less: allowance for doubtful accounts and discounts (26,233 ) (24,654 ) Net receivables $ 502,610 $ 450,715

Net Inventories (Tables)

Net Inventories (Tables)	6 Months Ended
	Oct. 01, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Net inventories consist of the following: October 1, 2017 March 31, 2017 Raw materials $ 105,052 $ 101,635 Work in process 46,149 51,004 Finished goods 357,634 410,156 Net inventories $ 508,835 $ 562,795

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Oct. 01, 2017
Equity [Abstract]
Schedule of components of AOCL, net of income taxes	The components of AOCL, net of income taxes, are as follows: October 1, 2017 March 31, 2017 Pension and other postretirement benefits $ (55,632 ) $ (56,929 ) Derivatives 23 — Cumulative translation adjustment (40,391 ) (56,063 ) Total AOCL $ (96,000 ) $ (112,992 )
Schedule of net of income tax activity in AOCL	The following tables summarize the changes in the balance of AOCL, net of income tax: Quarter ended October 1, 2017 Six months ended October 1, 2017 Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Beginning balance in AOCL $ 23 $ (59,709 ) $ (47,492 ) $ (107,178 ) $ — $ (56,929 ) $ (56,063 ) $ (112,992 ) Net actuarial losses reclassified from AOCL (1) — 493 — 493 — 1,615 — 1,615 Prior service costs reclassified from AOCL (1) — (49 ) — (49 ) — (323 ) — (323 ) Valuation adjustment for pension and postretirement benefit plans (2) — 3,633 — 3,633 5 — 5 Net increase in fair value of derivatives — — — — 23 — — 23 Net change in cumulative translation adjustment — — 7,101 7,101 — — 15,672 15,672 Ending balance in AOCL $ 23 $ (55,632 ) $ (40,391 ) $ (96,000 ) $ 23 $ (55,632 ) $ (40,391 ) $ (96,000 ) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented. (2) See Note 12, Employee Benefit Plans, for a description of the pension curtailment gain recognized in the quarter ended July 2, 2017. Quarter ended October 2, 2016 Six months ended October 2, 2016 Pension and other postretirement benefits Cumulative translation adjustment Total Pension and other postretirement benefits Cumulative translation adjustment Total Beginning balance in AOCL $ (62,705 ) $ (51,346 ) $ (114,051 ) $ (63,667 ) $ (46,547 ) $ (110,214 ) Net actuarial losses reclassified from AOCL (1) 1,236 — 1,236 2,472 — 2,472 Prior service costs reclassified from AOCL (1) (274 ) — (274 ) (548 ) — (548 ) Net change in cumulative translation adjustment — 255 255 — (4,544 ) (4,544 ) Ending balance in AOCL $ (61,743 ) $ (51,091 ) $ (112,834 ) $ (61,743 ) $ (51,091 ) $ (112,834 ) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented.

Goodwill and Net Intangible A32

Goodwill and Net Intangible Assets (Tables)	6 Months Ended
	Oct. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill by segment	The changes in the carrying amount of goodwill by segment were as follows: Outdoor Products Shooting Sports Total Balance, March 31, 2017 $ 652,896 $ 204,735 $ 857,631 Impairment (143,400 ) — (143,400 ) Effect of foreign currency exchange rates 6,520 370 6,890 Balance, October 1, 2017 $ 516,016 $ 205,105 $ 721,121
Schedule of net intangibles	Net intangible assets other than goodwill consisted of the following: October 1, 2017 March 31, 2017 Gross Accumulated Total Gross Accumulated Total Trade names $ 106,159 $ (20,925 ) $ 85,234 $ 106,159 $ (17,048 ) $ 89,111 Patented technology 19,066 (8,229 ) 10,837 19,066 (7,703 ) 11,363 Customer relationships and other 374,242 (92,623 ) 281,619 371,099 (78,010 ) 293,089 Total 499,467 (121,777 ) 377,690 496,324 (102,761 ) 393,563 Non-amortizing trade names 306,047 — 306,047 314,967 — 314,967 Net intangible assets $ 805,514 $ (121,777 ) $ 683,737 $ 811,291 $ (102,761 ) $ 708,530
Schedule of expected future amortization expense	As of October 1, 2017 , we expect amortization expense related to these assets to be as follows: Remainder of fiscal 2018 $ 18,444 Fiscal 2019 34,144 Fiscal 2020 33,317 Fiscal 2021 33,301 Fiscal 2022 33,293 Thereafter 225,191 Total $ 377,690

Other Current and Non-current33

Other Current and Non-current Liabilities (Tables)	6 Months Ended
	Oct. 01, 2017
Other Liabilities Disclosure [Abstract]
Schedule of major categories of other current and non-current liabilities	Other current and non-current liabilities consisted of the following: October 1, 2017 March 31, 2017 Other current liabilities: Accrual for in-transit inventory $ 27,800 $ 17,505 Rebate 26,381 19,325 Other 81,459 86,096 Total other current liabilities $ 135,640 $ 122,926 Other non-current liabilities: Non-current portion of accrued income tax liability $ 34,410 $ 32,842 Other 34,669 38,204 Total other non-current liabilities $ 69,079 $ 71,046
Schedule of reconciliation of the changes in product warranty liability	The following is a reconciliation of the changes in our product warranty liability during the period presented: Balance, March 31, 2017 $ 10,014 Payments made (2,361 ) Warranties issued 2,249 Changes related to preexisting warranties 170 Balance, October 1, 2017 $ 10,072

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Oct. 01, 2017
Debt Disclosure [Abstract]
Schedule of long-term debt, including the current portion	Long-term debt, including the current portion, consisted of the following: October 1, 2017 March 31, 2017 Credit Agreement: Term Loan $ 592,000 $ 608,000 Revolving Credit Facility 115,000 175,000 Total principal amount of Credit Agreement 707,000 783,000 5.875% Senior Notes 350,000 350,000 Principal amount of long-term debt 1,057,000 1,133,000 Less: unamortized deferred financing costs (12,059 ) (11,748 ) Carrying amount of long-term debt 1,044,941 1,121,252 Less: current portion (32,000 ) (32,000 ) Carrying amount of long-term debt, excluding current portion $ 1,012,941 $ 1,089,252
Schedule of Interest Rate Derivatives	As of October 1, 2017 , we had the following cash flow hedge interest rate swaps in place: Notional Fair Value Pay Fixed Receive Floating Maturity Date Non-amortizing swap $ 100,000 $ 105 1.519% 1.235% June 2019 Non-amortizing swap 100,000 184 1.629% 1.235% June 2020

Condensed Consolidating Finan35

Condensed Consolidating Financial Statements (Tables)	6 Months Ended
	Oct. 01, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidated Statement of Comprehensive Income	Quarter ended October 2, 2016 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 658,092 $ 57,066 $ (30,846 ) $ 684,312 Cost of sales — 495,560 34,167 (30,824 ) 498,903 Gross profit — 162,532 22,899 (22 ) 185,409 Operating expenses: Research and development — 8,201 (51 ) — 8,150 Selling, general, and administrative — 87,376 15,347 — 102,723 Acquisition claim settlement gain, net (30,027 ) — — — (30,027 ) Income before interest and income taxes 30,027 66,955 7,603 (22 ) 104,563 Equity in income of subsidiaries 49,536 4,856 — (54,392 ) — Interest expense, net (10,143 ) — — — (10,143 ) Income before income taxes 69,420 71,811 7,603 (54,414 ) 94,420 Income tax provision (benefit) (3,804 ) 22,275 2,727 (2 ) 21,196 Net income $ 73,224 $ 49,536 $ 4,876 $ (54,412 ) $ 73,224 Other comprehensive income, net of tax: Net income (from above) $ 73,224 $ 49,536 $ 4,876 $ (54,412 ) $ 73,224 Total other comprehensive income 1,217 1,217 255 (1,472 ) 1,217 Comprehensive income $ 74,441 $ 50,753 $ 5,131 $ (55,884 ) $ 74,441 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited) Six months ended October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 1,093,911 $ 105,242 $ (43,121 ) $ 1,156,032 Cost of sales — 843,785 70,591 (43,879 ) 870,497 Gross profit — 250,126 34,651 758 285,535 Operating expenses: Research and development — 15,238 — — 15,238 Selling, general, and administrative — 181,526 24,286 — 205,812 Goodwill and intangibles impairment — 102,320 50,000 — 152,320 Income (loss) before interest and income taxes — (48,958 ) (39,635 ) 758 (87,835 ) Equity in income of subsidiaries (82,390 ) (43,173 ) — 125,563 — Interest expense, net (24,962 ) — — — (24,962 ) Income (loss) before income taxes (107,352 ) (92,131 ) (39,635 ) 126,321 (112,797 ) Income tax provision (benefit) (9,299 ) (9,741 ) 4,043 253 (14,744 ) Net income (loss) $ (98,053 ) $ (82,390 ) $ (43,678 ) $ 126,068 $ (98,053 ) Other comprehensive (loss) income, net of tax: Net income (loss) (from above) $ (98,053 ) $ (82,390 ) $ (43,678 ) $ 126,068 $ (98,053 ) Total other comprehensive income 16,992 16,992 15,672 (32,664 ) 16,992 Comprehensive loss $ (81,061 ) $ (65,398 ) $ (28,006 ) $ 93,404 $ (81,061 ) Six months ended October 2, 2016 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 1,257,406 $ 111,660 $ (54,485 ) $ 1,314,581 Cost of sales — 941,109 70,909 (54,223 ) 957,795 Gross profit — 316,297 40,751 (262 ) 356,786 Operating expenses: Research and development — 16,032 (51 ) — 15,981 Selling, general, and administrative — 177,992 29,175 — 207,167 Acquisition claim settlement gain, net (30,027 ) — — — (30,027 ) Income before interest and income taxes 30,027 122,273 11,627 (262 ) 163,665 Equity in income of subsidiaries 86,136 7,316 — (93,452 ) — Interest expense, net (22,106 ) — — — (22,106 ) Income before income taxes 94,057 129,589 11,627 (93,714 ) 141,559 Income tax provision (benefit) (8,291 ) 43,453 4,134 (85 ) 39,211 Net income $ 102,348 $ 86,136 $ 7,493 $ (93,629 ) $ 102,348 Other comprehensive income, net of tax: Net income (from above) 102,348 86,136 7,493 (93,629 ) 102,348 Total other comprehensive loss (2,620 ) (2,620 ) (4,544 ) 7,164 (2,620 ) Comprehensive income $ 99,728 $ 83,516 $ 2,949 $ (86,465 ) $ 99,728 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited) Quarter ended October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Sales, net $ — $ 554,352 $ 54,545 $ (21,614 ) $ 587,283 Cost of sales — 432,828 37,362 (21,884 ) 448,306 Gross profit — 121,524 17,183 270 138,977 Operating expenses: Research and development — 7,447 — — 7,447 Selling, general, and administrative — 94,229 12,157 — 106,386 Goodwill and intangibles impairment — 102,320 50,000 — 152,320 Income (loss) before interest and income taxes — (82,472 ) (44,974 ) 270 (127,176 ) Equity in income of subsidiaries (106,789 ) (47,138 ) — 153,927 — Interest expense, net (12,569 ) — — — (12,569 ) Income (loss) before income taxes (119,358 ) (129,610 ) (44,974 ) 154,197 (139,745 ) Income tax provision (benefit) (4,653 ) (22,821 ) 2,336 98 (25,040 ) Net income (loss) $ (114,705 ) $ (106,789 ) $ (47,310 ) $ 154,099 $ (114,705 ) Other comprehensive income (loss), net of tax: Net income (loss) (from above) $ (114,705 ) $ (106,789 ) $ (47,310 ) $ 154,099 $ (114,705 ) Total other comprehensive income 11,178 11,178 7,101 (18,279 ) 11,178 Comprehensive income (loss) $ (103,527 ) $ (95,611 ) $ (40,209 ) $ 135,820 $ (103,527 )
Condensed Consolidated Balance Sheet	CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 21,296 $ 29,702 $ — $ 50,998 Net receivables — 458,867 43,743 — 502,610 Due from affiliates, current — 2,032 — (2,032 ) — Net inventories — 453,456 59,631 (4,252 ) 508,835 Income tax receivable — 12,182 — 3,073 15,255 Other current assets — 22,646 2,687 — 25,333 Total current assets — 970,479 135,763 (3,211 ) 1,103,031 Net property, plant, and equipment — 261,264 9,447 — 270,711 Investment in subsidiaries 2,409,529 162,574 — (2,572,103 ) — Goodwill — 656,498 64,623 — 721,121 Net intangible assets — 650,841 32,896 — 683,737 Long-term due from affiliates — 232,055 — (232,055 ) — Deferred charges and other non-current assets — 25,080 6,586 — 31,666 Total assets $ 2,409,529 $ 2,958,791 $ 249,315 $ (2,807,369 ) $ 2,810,266 LIABILITIES AND EQUITY Current liabilities: Current portion of long-term debt $ 32,000 $ — $ — $ — $ 32,000 Accounts payable — 123,073 11,772 — 134,845 Due to affiliates, current — — 2,032 (2,032 ) — Accrued compensation — 32,213 3,450 — 35,663 Accrued income taxes — — 142 (142 ) — Federal excise tax — 24,269 1,553 — 25,822 Other accrued liabilities — 119,900 15,740 — 135,640 Total current liabilities 32,000 299,455 34,689 (2,174 ) 363,970 Long-term debt 1,012,941 — — — 1,012,941 Deferred income tax liabilities — 123,112 7,896 1,656 132,664 Accrued pension and postemployment benefits — 58,069 — — 58,069 Long-term due to affiliates 191,045 — 41,010 (232,055 ) — Other long-term liabilities — 67,834 1,245 — 69,079 Total liabilities 1,235,986 548,470 84,840 (232,573 ) 1,636,723 Equity Total stockholders' equity 1,173,543 2,410,321 164,475 (2,574,796 ) 1,173,543 Total liabilities and stockholders' equity $ 2,409,529 $ 2,958,791 $ 249,315 $ (2,807,369 ) $ 2,810,266 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) March 31, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 23,027 $ 22,048 $ — $ 45,075 Net receivables — 409,177 41,538 — 450,715 Due from affiliates, current — 1,787 — (1,787 ) — Net inventories — 510,754 57,050 (5,009 ) 562,795 Income tax receivable — 22,394 1,303 1,961 25,658 Other current assets — 23,177 2,427 — 25,604 Total current assets — 990,316 124,366 (4,835 ) 1,109,847 Net property, plant, and equipment — 262,711 9,635 — 272,346 Investment in subsidiaries 2,552,948 196,547 — (2,749,495 ) — Goodwill — 749,898 107,733 — 857,631 Net intangible assets — 676,576 31,954 — 708,530 Long-term due from affiliates — 230,669 — (230,669 ) — Deferred charges and other non-current assets — 23,482 4,911 — 28,393 Total assets $ 2,552,948 $ 3,130,199 $ 278,599 $ (2,984,999 ) $ 2,976,747 LIABILITIES AND EQUITY Current liabilities: Current portion of long-term debt $ 32,000 $ — $ — $ — $ 32,000 Accounts payable — 117,650 10,068 — 127,718 Due to affiliates, current — — 1,787 (1,787 ) — Accrued compensation — 30,173 3,490 — 33,663 Federal excise tax — 29,042 1,040 — 30,082 Other accrued liabilities — 110,321 12,605 — 122,926 Total current liabilities 32,000 287,186 28,990 (1,787 ) 346,389 Long-term debt 1,089,252 — — — 1,089,252 Deferred income tax liabilities — 153,636 6,979 150 160,765 Accrued pension and postemployment benefits — 64,230 — — 64,230 Long-term due to affiliates 186,631 — 44,038 (230,669 ) — Other long-term liabilities — 69,384 1,662 — 71,046 Total liabilities 1,307,883 574,436 81,669 (232,306 ) 1,731,682 Equity Total stockholders' equity 1,245,065 2,555,763 196,930 (2,752,693 ) 1,245,065 Total liabilities and stockholders' equity $ 2,552,948 $ 3,130,199 $ 278,599 $ (2,984,999 ) $ 2,976,747
Condensed Consolidated Cash Flow Statement	CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) Six months ended October 1, 2017 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Operating Activities: Cash provided by (used for) operating activities $ (14,168 ) $ 109,225 $ 14,107 $ — $ 109,164 Investing Activities: Capital expenditures — (30,802 ) (387 ) — (31,189 ) Due from affiliates — (80,185 ) — 80,185 — Proceeds from the disposition of property, plant, and equipment — 31 27 — 58 Cash provided by (used for) investing activities — (110,956 ) (360 ) 80,185 (31,131 ) Financing Activities: Due to (from) affiliates 87,736 — (7,551 ) (80,185 ) — Borrowings on line of credit 210,000 — — — 210,000 Payments made on line of credit (270,000 ) — — — (270,000 ) Payments made on long-term debt (16,000 ) — — — (16,000 ) Payments made for debt issuance costs (1,805 ) — — — (1,805 ) Proceeds from employee stock compensation plans 4,237 — — — 4,237 Cash provided by (used for) financing activities 14,168 — (7,551 ) (80,185 ) (73,568 ) Effect of foreign exchange rate fluctuations on cash — — 1,458 — 1,458 (Decrease) increase in cash and cash equivalents — (1,731 ) 7,654 — 5,923 Cash and cash equivalents at beginning of period — 23,027 22,048 — 45,075 Cash and cash equivalents at end of period $ — $ 21,296 $ 29,702 $ — $ 50,998 VISTA OUTDOOR INC. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) Six months ended October 2, 2016 (Amounts in thousands) Parent Issuer Guarantors Non-Guarantors Eliminations Consolidated Operating Activities: Cash provided by (used for) operating activities $ 17,524 $ (2,518 ) $ (4,823 ) $ — $ 10,183 Investing Activities: Capital expenditures — (30,418 ) (699 ) — (31,117 ) Due from affiliates — (77,482 ) — 77,482 — Acquisition of businesses, net of cash acquired (465,684 ) 7,149 386 — (458,149 ) Proceeds from the disposition of property, plant, and equipment — 22 44 — 66 Cash used for investing activities (465,684 ) (100,729 ) (269 ) 77,482 (489,200 ) Financing Activities: Due to (from) affiliates 72,342 — 5,140 (77,482 ) — Borrowings on line of credit 290,000 — — — 290,000 Payments made on line of credit (130,000 ) — — — (130,000 ) Proceeds from issuance of long-term debt 307,500 — — — 307,500 Payments made on long-term debt (16,000 ) — — — (16,000 ) Payments made for debt issuance costs (3,660 ) — — — (3,660 ) Purchase of treasury shares (64,961 ) — — — (64,961 ) Deferred payments for acquisitions (7,136 ) — — — (7,136 ) Proceeds from employee stock compensation plans 75 — — — 75 Cash provided by financing activities 448,160 — 5,140 (77,482 ) 375,818 Effect of foreign exchange rate fluctuations on cash — — (218 ) — (218 ) (Decrease) in cash and cash equivalents — (103,247 ) (170 ) — (103,417 ) Cash and cash equivalents at beginning of period — 133,503 18,189 — 151,692 Cash and cash equivalents at end of period $ — $ 30,256 $ 18,019 $ — $ 48,275

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
	Oct. 01, 2017
Segment Reporting [Abstract]
Summary Results by Segment	The following summarizes our results by segment: Quarter ended Six months ended October 1, 2017 October 2, 2016 October 1, 2017 October 2, 2016 Sales to external customers: Outdoor Products $ 291,628 $ 320,716 $ 581,611 $ 608,181 Shooting Sports 295,655 363,596 574,421 706,400 Total sales to external customers $ 587,283 $ 684,312 $ 1,156,032 $ 1,314,581 Gross Profit Outdoor Products $ 75,608 $ 83,760 $ 152,118 $ 164,657 Shooting Sports 63,341 101,616 133,659 192,450 Corporate 28 33 (242 ) (321 ) Total gross profit $ 138,977 $ 185,409 $ 285,535 $ 356,786

Basis of Presentation and Res37

Basis of Presentation and Responsibility for Interim Financial Statements (Details)	6 Months Ended
	Oct. 01, 2017segment
Accounting Policies [Abstract]
Number of operating segments	2

Fair Value of Financial Instr38

Fair Value of Financial Instruments (Details) - Fair value of assets and liabilities that are not measured on a recurring basis - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017
Carrying amount
Assets and liabilities that are not measured on a recurring basis
Fixed-rate debt	$ 350,000	$ 350,000
Variable-rate debt	707,000	783,000
Fair value
Assets and liabilities that are not measured on a recurring basis
Fixed-rate debt	361,396	341,250
Variable-rate debt	$ 707,000	$ 783,000

Derivative Financial Instrume39

Derivative Financial Instruments (Details) $ in Thousands	Oct. 01, 2017USD ($)
Euro Member Countries, Euro
Derivative [Line Items]
Notional	$ 8,025

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016	Mar. 31, 2017	Mar. 31, 2015
Earnings Per Share [Abstract]
Basic EPS shares outstanding	57,099,000	59,710,000	57,041,000	60,055,000
Dilutive effect of stock-based awards	0	345,000	0	345,000
Diluted EPS shares outstanding	57,099,000	60,055,000	57,041,000	60,400,000
Shares excluded from the calculation of diluted EPS because the option exercise/threshold price was greater than the average market price of the common shares	271,000	139,000	271,000	139,000
Stock Repurchase Program, Authorized Amount					$ 100,000,000	$ 200,000,000
Treasury Stock, Shares, Acquired		1,074,489	0	1,536,014
Treasury Stock, Value, Acquired, Cost Method		$ 44,290,000		$ 66,567,000

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ in Thousands	Sep. 01, 2016USD ($)	Apr. 01, 2016USD ($)	Oct. 01, 2017USD ($)	Oct. 02, 2016USD ($)	Oct. 01, 2017USD ($)	Oct. 02, 2016USD ($)	Mar. 31, 2017USD ($)
Business Acquisition [Line Items]
Pro forma sales			$ 11,640	$ 3,599	$ 32,751	$ 3,599
Pro forma gross profit			3,428	$ 711	9,947	$ 711
Fair value of liabilities assumed:
Goodwill			$ 721,121		721,121		$ 857,631
Camp Chef [Member]
Business Acquisition [Line Items]
Payments to acquire businesses	$ 60,000
Consideration transferred, liabilities incurred	4,000
Business Combination, Contingent Consideration, Liability	10,000
Purchase price net of cash acquired:
Cash paid	60,000
Estimated earn-out value	$ 4,000
Action Sports [Member]
Business Acquisition [Line Items]
Payments to acquire businesses		$ 400,000
Consideration transferred, liabilities incurred		$ 4,272			3,832
Entity Number of Employees		600
Purchase price net of cash acquired:
Cash paid		$ 400,000
Estimated earn-out value		4,272			$ 3,832
Cash received for working capital		(1,289)
Total purchase price		402,983
Fair value of assets acquired:
Receivables		78,090
Inventories		56,527
Tradename, customer relationship, and technology intangibles		155,100
Property, plant, and equipment		34,114
Other assets		6,425
Total assets		330,256
Fair value of liabilities assumed:
Accounts payable		30,240
Deferred tax liabilities		43,991
Other liabilities		33,168
Total liabilities		107,399
Net assets acquired		222,857
Goodwill		$ 180,126

Net Receivables (Details)

Net Receivables (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 01, 2017	Mar. 31, 2017
Receivables [Abstract]
Trade receivables	$ 526,124	$ 472,233
Other receivables	2,719	3,136
Less: allowance for doubtful accounts and discounts	(26,233)	(24,654)
Net receivables	$ 502,610	$ 450,715
Credit Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration Risk, Percentage	15.00%	13.00%

Net Inventories (Details)

Net Inventories (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 105,052	$ 101,635
Work in process	46,149	51,004
Finished goods	357,634	410,156
Net inventories	508,835	562,795
Long-term inventories	$ 28,899	$ 23,504

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Loss (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Jul. 02, 2017	Mar. 31, 2017	Oct. 02, 2016	Jul. 03, 2016	Mar. 31, 2015
Equity [Abstract]
Pension and other postretirement benefits	$ 55,632		$ 56,929
Derivatives	23	$ 23	0
Cumulative translation adjustment	(40,391)		(56,063)
Total AOCL	$ (96,000)	$ (107,178)	$ (112,992)	$ (112,834)	$ (114,051)	$ (110,214)

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016	Jul. 02, 2017	Mar. 31, 2017	Jul. 03, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income Loss [Line Items]
Pension and other postretirement benefits	$ (55,632)		$ (55,632)			$ (56,929)
Derivatives	23		23		$ 23	0
Cumulative translation adjustment	(40,391)		(40,391)			(56,063)
Total AOCL	(96,000)	$ (112,834)	(96,000)	$ (112,834)	(107,178)	(112,992)	$ (114,051)	$ (110,214)
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense	(493)	(1,236)	(1,615)	(2,472)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	493	1,236	1,615	2,472
Reclassification of prior service credits for pension and postretirement benefit plans recorded to net income, net of tax benefit of $29 and $162, respectively for the quarter ended, and $192 and $324, respectively, for the six months ended.	(49)	(274)	(323)	(548)
Valuation adjustment for pension and postretirement benefit plans, net of tax expense of $(2,158) and $0, respectively, for the quarter ended, and $(4) and $0, respectively, for the six months ended.	3,633	0	5	0
Net increase in fair value of derivatives	0		23
Change in derivatives, net of tax expense of $0 and $0, respectively, for the quarter ended, and $(14) and $0, respectively, for the six months ended.	0	0	23	0
Change in cumulative translation adjustment, net of tax expense of $0 and $0, respectively, for the quarter ended and $0 and $0, respectively, for the six months ended	7,101	255	15,672	(4,544)
Pension and Other Postretirement Benefits Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Pension and other postretirement benefits	(55,632)	(61,743)	(55,632)	(61,743)	(59,709)	(56,929)	(62,705)	(63,667)
Cumulative Translation Adjustment [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative translation adjustment	$ (40,391)	$ (51,091)	$ (40,391)	$ (51,091)	$ (47,492)	$ (56,063)	$ (51,346)	$ (46,547)

Goodwill and Net Intangible A46

Goodwill and Net Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016	Mar. 31, 2017	Mar. 31, 2015
Indefinite-lived Intangible Assets [Line Items]
Goodwill and Intangible Asset Impairment	$ (152,320)	$ 0	$ (152,320)	$ 0
Goodwill, Impairment Loss			143,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years 4 months 14 days
Amortization expense	$ 9,143	$ 10,287	18,253	$ 20,393
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			8,920		$ 34,230	$ 11,200
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Finite-lived					61,054
Outdoor Products
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Impairment Loss			143,400
Goodwill, Impaired, Accumulated Impairment Loss	545,106		545,106		$ 353,915	$ 47,791
Shooting Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Impairment Loss			0
Goodwill, Impaired, Accumulated Impairment Loss	41,020		$ 41,020
Hunting and Shooting Accessories reporting unit [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Impairment Loss	$ 69,734
Fair Value Inputs, Discount Rate	8.00%
Fair Value Inputs, Long-term Revenue Growth Rate	3.00%
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 7,220
Fair Value Inputs, Royalty Rate, Indefinite Lived Tradenames	2.00%
Sports Protection reporting unit [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill, Impairment Loss	$ 73,666
Fair Value Inputs, Discount Rate	8.00%
Fair Value Inputs, Long-term Revenue Growth Rate	3.00%
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 1,700
Fair Value Inputs, Royalty Rate, Indefinite Lived Tradenames	3.00%
Outdoor Recreation and Firearms reporting units [Member]
Indefinite-lived Intangible Assets [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	5.00%		5.00%

Goodwill and Net Intangible A47

Goodwill and Net Intangible Assets (Goodwill Rollforward) (Details) $ in Thousands	6 Months Ended
	Oct. 01, 2017USD ($)
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 857,631
Impairment	(143,400)
Effect of foreign currency exchange rates	6,890
Balance at the end of the period	721,121
Outdoor Products
Goodwill [Roll Forward]
Balance at the beginning of the period	652,896
Impairment	(143,400)
Effect of foreign currency exchange rates	6,520
Balance at the end of the period	516,016
Shooting Sports
Goodwill [Roll Forward]
Balance at the beginning of the period	204,735
Impairment	0
Effect of foreign currency exchange rates	370
Balance at the end of the period	$ 205,105

Goodwill and Net Intangible A48

Goodwill and Net Intangible Assets (Schedule of Net Intangible Assets) (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017
Amortizing assets
Gross carrying amount	$ 499,467	$ 496,324
Accumulated amortization	(121,777)	(102,761)
Total	377,690	393,563
Intangible assets, gross	805,514	811,291
Net intangible assets	683,737	708,530
Non-amortizing trade names
Amortizing assets
Non-amortizing trade names	306,047	314,967
Trade names
Amortizing assets
Gross carrying amount	106,159	106,159
Accumulated amortization	(20,925)	(17,048)
Total	85,234	89,111
Patented technology
Amortizing assets
Gross carrying amount	19,066	19,066
Accumulated amortization	(8,229)	(7,703)
Total	10,837	11,363
Customer relationships and other
Amortizing assets
Gross carrying amount	374,242	371,099
Accumulated amortization	(92,623)	(78,010)
Total	$ 281,619	$ 293,089

Goodwill and Net Intangible A49

Goodwill and Net Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal 2018	$ 18,444
Fiscal 2,019	34,144
Fiscal 2,020	33,317
Fiscal 2,021	33,301
Fiscal 2,022	33,293
Thereafter	225,191
Total	$ 377,690	$ 393,563

Other Current and Non-current50

Other Current and Non-current Liabilities (Components of Current and Non-current Liabilities) (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017
Other Liabilities Disclosure [Abstract]
Accrual for in-transit inventory	$ 27,800	$ 17,505
Rebate	26,381	19,325
Other	81,459	86,096
Total other current liabilities	135,640	122,926
Non-current portion of accrued income tax liability	34,410	32,842
Other	34,669	38,204
Total other non-current liabilities	$ 69,079	$ 71,046

Other Current and Non-current51

Other Current and Non-current Liabilities (Product Warranty Rollforward) (Details) $ in Thousands	6 Months Ended
	Oct. 01, 2017USD ($)
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at the beginning of the period	$ 10,014
Payments made	(2,361)
Warranties issued	2,249
Changes related to preexisting warranties	170
Balance at the end of period	$ 10,072

Long-term Debt (Components of L

Long-term Debt (Components of Long-term Debt) (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017	Apr. 01, 2016	Aug. 11, 2015
Long-Term Debt
Principal amount of long-term debt	$ 1,057,000	$ 1,133,000
Less: unamortized deferred financing costs	(12,059)	(11,748)
Carrying amount of long-term debt	1,044,941	1,121,252
Less: current portion	(32,000)	(32,000)
Carrying amount of long-term debt, excluding current portion	1,012,941	1,089,252
Total principal amount of Credit Agreement
Long-Term Debt
Principal amount of long-term debt	707,000	783,000
Term A Loan due 2021
Long-Term Debt
Principal amount of long-term debt	592,000	608,000	$ 640,000
Line of Credit due 2021
Long-Term Debt
Principal amount of long-term debt	115,000	175,000	$ 400,000
Carrying amount of long-term debt	115,000
5.875% notes
Long-Term Debt
Principal amount of long-term debt	$ 350,000	$ 350,000
Carrying amount of long-term debt				$ 350,000

Long-term Debt (Narrative - Cre

Long-term Debt (Narrative - Credit Agreement) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Oct. 01, 2017	Oct. 01, 2017	Mar. 31, 2017	Apr. 01, 2016	Dec. 31, 2014
Long-Term Debt
Principal amount of long-term debt	$ 1,057,000	$ 1,057,000	$ 1,133,000
Long-term Debt	1,044,941	1,044,941	1,121,252
Letters of Credit Outstanding, Amount	25,637	25,637
Line of Credit Facility, Remaining Borrowing Capacity	259,363	259,363
Write off of Deferred Debt Issuance Cost		1,521
Term A Loan due 2021
Long-Term Debt
Principal amount of long-term debt	$ 592,000	592,000	608,000	$ 640,000
Debt Instrument, Periodic Payment, Principal		$ 8,000
Weighted average interest rate (as a percent)	3.49%	3.49%
Deferred Finance Costs Gross, Accordion Feature	$ 14,000	$ 14,000
Term A Loan due 2021 | Base Rate
Long-Term Debt
Basis spread on variable rate margin (as a percent)		1.25%
Term A Loan due 2021 | Eurodollar
Long-Term Debt
Basis spread on variable rate margin (as a percent)		2.25%
Line of Credit due 2021
Long-Term Debt
Principal amount of long-term debt	$ 115,000	$ 115,000	$ 175,000	$ 400,000
Annual commitment fee on the unused portion (as a percent)	0.40%
Long-term Debt	$ 115,000	115,000
Line of Credit due 2020
Long-Term Debt
Principal amount of long-term debt					$ 350,000
Term A Loan due 2020
Long-Term Debt
Principal amount of long-term debt					$ 400,000
Line of Credit | Credit Agreement
Long-Term Debt
Leverage Ratio from July 2, 2017 through December 30, 2018	4.75
Leverage Ratio from March 31, 2019 through December 29, 2019	4.25
Leverage Ratio from March 31, 2020 and thereafter	4
Consolidated Senior Secured Leverage Ratio, from July 2, 2017 through December 30, 2018	3.50
Consolidated Senior Secured Leverage Ratio, from March 31, 2019 and thereafter	3
Unamortized debt issuance costs	$ 1,800	$ 1,800

Long-term Debt (Narrative - 5.8

Long-term Debt (Narrative - 5.875% Notes) (Details) - USD ($)	Aug. 11, 2015	Oct. 01, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Long-term Debt		$ 1,044,941,000	$ 1,121,252,000
5.875% notes
Debt Instrument [Line Items]
Long-term Debt	$ 350,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	5.875%
Debt Instrument, Redemption Price, Percentage		100.00%
Debt Instrument, Redemption with Net Proceeds from Equity Offerings as Percentage of Original Principal		35.00%
Debt Instrument, Redemption Price with Net Proceeds from Equity Offerings as Percentage of Original Principal		105.875%
Debt Issuance Costs, Gross		$ 4,300,000
Debt Instrument, Term	8 years
Bottom threshhold of guarantee	$ 50,000,000

Long-term Debt (Interest Rate S

Long-term Debt (Interest Rate Swaps) (Details) - Cash Flow Hedging - Designated as Hedging Instrument	Oct. 01, 2017USD ($)
Interest Rate Swap Maturing June 2019
Derivative [Line Items]
Notional	$ 100,000,000
Fair Value	$ 105,000
Pay Fixed	1.519%
Receive Floating	1.235%
Interest Rate Swap Maturing June 2020
Derivative [Line Items]
Notional	$ 100,000,000
Fair Value	$ 184,000
Pay Fixed	1.629%
Receive Floating	1.235%

Long-term Debt (Narrative - Cas

Long-term Debt (Narrative - Cash Paid for Interest on Debt) (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016
Debt Disclosure [Abstract]
Interest Paid	$ 22,888	$ 21,629

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	3 Months Ended			6 Months Ended
	Oct. 01, 2017	Jul. 02, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016
Defined Benefit Plans
Aggregate net expense for employee benefit plans	$ 5,859,000		$ 1,690,000
Impact on plan costs	5,912,000
Expense for employee benefit plans				$ 1,507,000	$ 3,381,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment		$ 5,783,000
Pension Plan
Defined Benefit Plans
Contribution by employer				5,600,000	2,200,000
Estimated future employer contributions in the next year	3,200,000			3,200,000
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plans
Contribution by employer				0	0
Estimated future employer contributions in the next year	159,000			159,000
Supplemental Employee Retirement Plan
Defined Benefit Plans
Contribution by employer				0	$ 12,000
Estimated future employer contributions in the next year	$ 11,125,000			$ 11,125,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016
Income Tax Disclosure [Abstract]
Income tax provision (as a percent)	17.90%	22.40%	13.10%	27.70%
Potential reduction of uncertain tax benefits over the next 12 months from audit settlements	$ (2,688)		$ (2,688)
Minimum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits that would impact effective tax rate	0		0
Maximum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits that would impact effective tax rate	$ 1,779		$ 1,779

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017
Loss Contingency [Abstract]
Accrual for Environmental Loss Contingencies	$ 747	$ 750

Condensed Consolidating Finan60

Condensed Consolidating Financial Statements (Condensed Consolidated Statement of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016
Condensed Income Statements, Captions [Abstract]
Sales, net	$ 587,283	$ 684,312	$ 1,156,032	$ 1,314,581
Cost of sales	448,306	498,903	870,497	957,795
Gross profit	138,977	185,409	285,535	356,786
Research and development	7,447	8,150	15,238	15,981
Selling, general, and administrative	106,386	102,723	205,812	207,167
Goodwill and intangibles impairment	152,320	0	152,320	0
Acquisition claim settlement gain, net	0	(30,027)	0	(30,027)
Income (loss) before interest and income taxes	(127,176)	104,563	(87,835)	163,665
Equity in income of subsidiaries	0	0	0	0
Interest expense, net	(12,569)	(10,143)	(24,962)	(22,106)
Income (loss) before income taxes	(139,745)	94,420	(112,797)	141,559
Income tax provision (benefit)	(25,040)	21,196	(14,744)	39,211
Net income (loss)	(114,705)	73,224	(98,053)	102,348
Total other comprehensive income	11,178	1,217	16,992	(2,620)
Comprehensive income (loss)	(103,527)	74,441	(81,061)	99,728
Eliminations
Condensed Income Statements, Captions [Abstract]
Sales, net	(21,614)	(30,846)	(43,121)	(54,485)
Cost of sales	(21,884)	(30,824)	(43,879)	(54,223)
Gross profit	270	(22)	758	(262)
Research and development	0	0	0	0
Selling, general, and administrative	0	0	0	0
Goodwill and intangibles impairment	0		0
Acquisition claim settlement gain, net		0		0
Income (loss) before interest and income taxes	270	(22)	758	(262)
Equity in income of subsidiaries	153,927	(54,392)	125,563	(93,452)
Interest expense, net	0	0	0	0
Income (loss) before income taxes	154,197	(54,414)	126,321	(93,714)
Income tax provision (benefit)	98	(2)	253	(85)
Net income (loss)	154,099	(54,412)	126,068	(93,629)
Total other comprehensive income	(18,279)	(1,472)	(32,664)	7,164
Comprehensive income (loss)	135,820	(55,884)	93,404	(86,465)
Parent Issuer | Reportable Legal Entities
Condensed Income Statements, Captions [Abstract]
Sales, net	0	0	0	0
Cost of sales	0	0	0	0
Gross profit	0	0	0	0
Research and development	0	0	0	0
Selling, general, and administrative	0	0	0	0
Goodwill and intangibles impairment	0		0
Acquisition claim settlement gain, net		(30,027)		(30,027)
Income (loss) before interest and income taxes	0	30,027	0	30,027
Equity in income of subsidiaries	(106,789)	49,536	(82,390)	86,136
Interest expense, net	(12,569)	(10,143)	(24,962)	(22,106)
Income (loss) before income taxes	(119,358)	69,420	(107,352)	94,057
Income tax provision (benefit)	(4,653)	(3,804)	(9,299)	(8,291)
Net income (loss)	(114,705)	73,224	(98,053)	102,348
Total other comprehensive income	11,178	1,217	16,992	(2,620)
Comprehensive income (loss)	(103,527)	74,441	(81,061)	99,728
Guarantors | Reportable Legal Entities
Condensed Income Statements, Captions [Abstract]
Sales, net	554,352	658,092	1,093,911	1,257,406
Cost of sales	432,828	495,560	843,785	941,109
Gross profit	121,524	162,532	250,126	316,297
Research and development	7,447	8,201	15,238	16,032
Selling, general, and administrative	94,229	87,376	181,526	177,992
Goodwill and intangibles impairment	102,320		102,320
Acquisition claim settlement gain, net		0		0
Income (loss) before interest and income taxes	(82,472)	66,955	(48,958)	122,273
Equity in income of subsidiaries	(47,138)	4,856	(43,173)	7,316
Interest expense, net	0	0	0	0
Income (loss) before income taxes	(129,610)	71,811	(92,131)	129,589
Income tax provision (benefit)	(22,821)	22,275	(9,741)	43,453
Net income (loss)	(106,789)	49,536	(82,390)	86,136
Total other comprehensive income	11,178	1,217	16,992	(2,620)
Comprehensive income (loss)	(95,611)	50,753	(65,398)	83,516
Non-Guarantors | Reportable Legal Entities
Condensed Income Statements, Captions [Abstract]
Sales, net	54,545	57,066	105,242	111,660
Cost of sales	37,362	34,167	70,591	70,909
Gross profit	17,183	22,899	34,651	40,751
Research and development	0	(51)	0	(51)
Selling, general, and administrative	12,157	15,347	24,286	29,175
Goodwill and intangibles impairment	50,000		50,000
Acquisition claim settlement gain, net		0		0
Income (loss) before interest and income taxes	(44,974)	7,603	(39,635)	11,627
Equity in income of subsidiaries	0	0	0	0
Interest expense, net	0	0	0	0
Income (loss) before income taxes	(44,974)	7,603	(39,635)	11,627
Income tax provision (benefit)	2,336	2,727	4,043	4,134
Net income (loss)	(47,310)	4,876	(43,678)	7,493
Total other comprehensive income	7,101	255	15,672	(4,544)
Comprehensive income (loss)	$ (40,209)	$ 5,131	$ (28,006)	$ 2,949

Condensed Consolidating Finan61

Condensed Consolidating Financial Statements (Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Mar. 31, 2017	Oct. 02, 2016	Mar. 31, 2016
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 50,998	$ 45,075	$ 48,275	$ 151,692
Net receivables	502,610	450,715
Due from affiliates, current	0	0
Net inventories	508,835	562,795
Income tax receivable	15,255	25,658
Other current assets	25,333	25,604
Total current assets	1,103,031	1,109,847
Net property, plant, and equipment	270,711	272,346
Investment in subsidiaries	0	0
Goodwill	721,121	857,631
Net intangible assets	683,737	708,530
Long-term due from affiliates	0	0
Deferred charges and other non-current assets	31,666	28,393
Total assets	2,810,266	2,976,747
Current portion of long-term debt	32,000	32,000
Accounts payable	134,845	127,718
Due to affiliates, current	0	0
Accrued compensation	35,663	33,663
Accrued income taxes	0
Federal excise tax	25,822	30,082
Other accrued liabilities	135,640	122,926
Total current liabilities	363,970	346,389
Long-term debt	1,012,941	1,089,252
Deferred income tax liabilities	132,664	160,765
Accrued pension and postemployment benefits	58,069	64,230
Long-term due to affiliates	0	0
Other long-term liabilities	69,079	71,046
Total liabilities	1,636,723	1,731,682
Total stockholders' equity	1,173,543	1,245,065
Total liabilities and stockholders' equity	2,810,266	2,976,747
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	0	0
Net receivables	0	0
Due from affiliates, current	(2,032)	(1,787)
Net inventories	(4,252)	(5,009)
Income tax receivable	3,073	1,961
Other current assets	0	0
Total current assets	(3,211)	(4,835)
Net property, plant, and equipment	0	0
Investment in subsidiaries	(2,572,103)	(2,749,495)
Goodwill	0	0
Net intangible assets	0	0
Long-term due from affiliates	(232,055)	(230,669)
Deferred charges and other non-current assets	0	0
Total assets	(2,807,369)	(2,984,999)
Current portion of long-term debt	0	0
Accounts payable	0	0
Due to affiliates, current	(2,032)	(1,787)
Accrued compensation	0	0
Accrued income taxes	(142)
Federal excise tax	0	0
Other accrued liabilities	0	0
Total current liabilities	(2,174)	(1,787)
Long-term debt	0	0
Deferred income tax liabilities	1,656	150
Accrued pension and postemployment benefits	0	0
Long-term due to affiliates	(232,055)	(230,669)
Other long-term liabilities	0	0
Total liabilities	(232,573)	(232,306)
Total stockholders' equity	(2,574,796)	(2,752,693)
Total liabilities and stockholders' equity	(2,807,369)	(2,984,999)
Parent Issuer | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	0	0
Net receivables	0	0
Due from affiliates, current	0	0
Net inventories	0	0
Income tax receivable	0	0
Other current assets	0	0
Total current assets	0	0
Net property, plant, and equipment	0	0
Investment in subsidiaries	2,409,529	2,552,948
Goodwill	0	0
Net intangible assets	0	0
Long-term due from affiliates	0	0
Deferred charges and other non-current assets	0	0
Total assets	2,409,529	2,552,948
Current portion of long-term debt	32,000	32,000
Accounts payable	0	0
Due to affiliates, current	0	0
Accrued compensation	0	0
Accrued income taxes	0
Federal excise tax	0	0
Other accrued liabilities	0	0
Total current liabilities	32,000	32,000
Long-term debt	1,012,941	1,089,252
Deferred income tax liabilities	0	0
Accrued pension and postemployment benefits	0	0
Long-term due to affiliates	191,045	186,631
Other long-term liabilities	0	0
Total liabilities	1,235,986	1,307,883
Total stockholders' equity	1,173,543	1,245,065
Total liabilities and stockholders' equity	2,409,529	2,552,948
Guarantors | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	21,296	23,027	30,256	133,503
Net receivables	458,867	409,177
Due from affiliates, current	2,032	1,787
Net inventories	453,456	510,754
Income tax receivable	12,182	22,394
Other current assets	22,646	23,177
Total current assets	970,479	990,316
Net property, plant, and equipment	261,264	262,711
Investment in subsidiaries	162,574	196,547
Goodwill	656,498	749,898
Net intangible assets	650,841	676,576
Long-term due from affiliates	232,055	230,669
Deferred charges and other non-current assets	25,080	23,482
Total assets	2,958,791	3,130,199
Current portion of long-term debt	0	0
Accounts payable	123,073	117,650
Due to affiliates, current	0	0
Accrued compensation	32,213	30,173
Accrued income taxes	0
Federal excise tax	24,269	29,042
Other accrued liabilities	119,900	110,321
Total current liabilities	299,455	287,186
Long-term debt	0	0
Deferred income tax liabilities	123,112	153,636
Accrued pension and postemployment benefits	58,069	64,230
Long-term due to affiliates	0	0
Other long-term liabilities	67,834	69,384
Total liabilities	548,470	574,436
Total stockholders' equity	2,410,321	2,555,763
Total liabilities and stockholders' equity	2,958,791	3,130,199
Non-Guarantors | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	29,702	22,048	$ 18,019	$ 18,189
Net receivables	43,743	41,538
Due from affiliates, current	0	0
Net inventories	59,631	57,050
Income tax receivable	0	1,303
Other current assets	2,687	2,427
Total current assets	135,763	124,366
Net property, plant, and equipment	9,447	9,635
Investment in subsidiaries	0	0
Goodwill	64,623	107,733
Net intangible assets	32,896	31,954
Long-term due from affiliates	0	0
Deferred charges and other non-current assets	6,586	4,911
Total assets	249,315	278,599
Current portion of long-term debt	0	0
Accounts payable	11,772	10,068
Due to affiliates, current	2,032	1,787
Accrued compensation	3,450	3,490
Accrued income taxes	142
Federal excise tax	1,553	1,040
Other accrued liabilities	15,740	12,605
Total current liabilities	34,689	28,990
Long-term debt	0	0
Deferred income tax liabilities	7,896	6,979
Accrued pension and postemployment benefits	0	0
Long-term due to affiliates	41,010	44,038
Other long-term liabilities	1,245	1,662
Total liabilities	84,840	81,669
Total stockholders' equity	164,475	196,930
Total liabilities and stockholders' equity	$ 249,315	$ 278,599

Condensed Consolidating Finan62

Condensed Consolidating Financial Statements (Condensed Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016
Condensed Consolidated Cash Flow Statements, Captions [Line Items]
Cash provided by (used for) operating activities	$ 109,164	$ 10,183
Capital expenditures	(31,189)	(31,117)
Due from affiliates	0	0
Acquisition of businesses, net of cash acquired	0	(458,149)
Proceeds from the disposition of property, plant, and equipment	58	66
Cash used for investing activities	(31,131)	(489,200)
Due to (from) affiliates	0	0
Borrowings on line of credit	210,000	290,000
Payments made on line of credit	(270,000)	(130,000)
Proceeds from issuance of long-term debt	0	307,500
Payments made on long-term debt	(16,000)	(16,000)
Payments made for debt issuance costs	(1,805)	(3,660)
Purchase of treasury shares	0	(64,961)
Deferred payments for acquisitions	0	(7,136)
Proceeds from employee stock compensation plans	4,237	75
Cash (used for) provided by financing activities	(73,568)	375,818
Effect of foreign exchange rate fluctuations on cash	1,458	(218)
Increase (decrease) in cash and cash equivalents	5,923	(103,417)
Cash and cash equivalents at beginning of period	45,075	151,692
Cash and cash equivalents at end of period	50,998	48,275
Eliminations
Condensed Consolidated Cash Flow Statements, Captions [Line Items]
Cash provided by (used for) operating activities	0	0
Capital expenditures	0	0
Due from affiliates	80,185	77,482
Acquisition of businesses, net of cash acquired		0
Proceeds from the disposition of property, plant, and equipment	0	0
Cash used for investing activities	80,185	77,482
Due to (from) affiliates	(80,185)	(77,482)
Borrowings on line of credit	0	0
Payments made on line of credit	0	0
Proceeds from issuance of long-term debt		0
Payments made on long-term debt	0	0
Payments made for debt issuance costs	0	0
Purchase of treasury shares		0
Deferred payments for acquisitions		0
Proceeds from employee stock compensation plans	0	0
Cash (used for) provided by financing activities	(80,185)	(77,482)
Effect of foreign exchange rate fluctuations on cash	0	0
Increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Parent Issuer | Reportable Legal Entities
Condensed Consolidated Cash Flow Statements, Captions [Line Items]
Cash provided by (used for) operating activities	(14,168)	17,524
Capital expenditures	0	0
Due from affiliates	0	0
Acquisition of businesses, net of cash acquired		(465,684)
Proceeds from the disposition of property, plant, and equipment	0	0
Cash used for investing activities	0	(465,684)
Due to (from) affiliates	87,736	72,342
Borrowings on line of credit	210,000	290,000
Payments made on line of credit	(270,000)	(130,000)
Proceeds from issuance of long-term debt		307,500
Payments made on long-term debt	(16,000)	(16,000)
Payments made for debt issuance costs	(1,805)	(3,660)
Purchase of treasury shares		(64,961)
Deferred payments for acquisitions		(7,136)
Proceeds from employee stock compensation plans	4,237	75
Cash (used for) provided by financing activities	14,168	448,160
Effect of foreign exchange rate fluctuations on cash	0	0
Increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Guarantors | Reportable Legal Entities
Condensed Consolidated Cash Flow Statements, Captions [Line Items]
Cash provided by (used for) operating activities	109,225	(2,518)
Capital expenditures	(30,802)	(30,418)
Due from affiliates	(80,185)	(77,482)
Acquisition of businesses, net of cash acquired		7,149
Proceeds from the disposition of property, plant, and equipment	31	22
Cash used for investing activities	(110,956)	(100,729)
Due to (from) affiliates	0	0
Borrowings on line of credit	0	0
Payments made on line of credit	0	0
Proceeds from issuance of long-term debt		0
Payments made on long-term debt	0	0
Payments made for debt issuance costs	0	0
Purchase of treasury shares		0
Deferred payments for acquisitions		0
Proceeds from employee stock compensation plans	0	0
Cash (used for) provided by financing activities	0	0
Effect of foreign exchange rate fluctuations on cash	0	0
Increase (decrease) in cash and cash equivalents	(1,731)	(103,247)
Cash and cash equivalents at beginning of period	23,027	133,503
Cash and cash equivalents at end of period	21,296	30,256
Non-Guarantors | Reportable Legal Entities
Condensed Consolidated Cash Flow Statements, Captions [Line Items]
Cash provided by (used for) operating activities	14,107	(4,823)
Capital expenditures	(387)	(699)
Due from affiliates	0	0
Acquisition of businesses, net of cash acquired		386
Proceeds from the disposition of property, plant, and equipment	27	44
Cash used for investing activities	(360)	(269)
Due to (from) affiliates	(7,551)	5,140
Borrowings on line of credit	0	0
Payments made on line of credit	0	0
Proceeds from issuance of long-term debt		0
Payments made on long-term debt	0	0
Payments made for debt issuance costs	0	0
Purchase of treasury shares		0
Deferred payments for acquisitions		0
Proceeds from employee stock compensation plans	0	0
Cash (used for) provided by financing activities	(7,551)	5,140
Effect of foreign exchange rate fluctuations on cash	1,458	(218)
Increase (decrease) in cash and cash equivalents	7,654	(170)
Cash and cash equivalents at beginning of period	22,048	18,189
Cash and cash equivalents at end of period	$ 29,702	$ 18,019

Operating Segment Information63

Operating Segment Information (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2017USD ($)	Oct. 02, 2016USD ($)	Oct. 01, 2017USD ($)segment	Oct. 02, 2016USD ($)
Revenue, Major Customer [Line Items]
Number of operating segments | segment			2
Segment Reporting, Disclosure of Major Customers			Walmart
Segment Reporting Information, Intersegment Revenue | $	$ 1,391	$ 633	$ 2,252	$ 1,750
Sales Revenue, Net | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Concentration Risk, Percentage			15.00%	15.00%
Outdoor Products
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage			50.00%
Shooting Sports
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage			50.00%

Operating Segment Information64

Operating Segment Information (Schedule of Results by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2017	Oct. 02, 2016	Oct. 01, 2017	Oct. 02, 2016
Segment Reporting Information [Line Items]
Sales, net	$ 587,283	$ 684,312	$ 1,156,032	$ 1,314,581
Gross profit	138,977	185,409	285,535	356,786
Corporate
Segment Reporting Information [Line Items]
Gross profit	28	33	(242)	(321)
Outdoor Products | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	291,628	320,716	581,611	608,181
Gross profit	75,608	83,760	152,118	164,657
Shooting Sports | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	295,655	363,596	574,421	706,400
Gross profit	$ 63,341	$ 101,616	$ 133,659	$ 192,450