Revenue Recognition | Revenue Recognition The following tables disaggregate our net sales by major category: Quarter ended September 30, 2018 Quarter ended October 1, 2017 Outdoor Products Shooting Sports Total Outdoor Products Shooting Sports Total Ammunition $ — $ 224,481 $ 224,481 $ — $ 253,847 $ 253,847 Firearms — 49,638 49,638 — 41,808 41,808 Hunting and Shooting Accessories 114,486 — 114,486 117,033 — 117,033 Action Sports 84,728 — 84,728 81,130 — 81,130 Outdoor Recreation 53,916 — 53,916 54,097 — 54,097 Eyewear 19,336 — 19,336 39,368 — 39,368 Total $ 272,466 $ 274,119 $ 546,585 $ 291,628 $ 295,655 $ 587,283 Geographic Region United States $ 190,687 $ 237,228 $ 427,915 $ 203,662 $ 249,052 $ 452,714 Rest of the World 81,779 36,891 118,670 87,966 46,603 134,569 Total $ 272,466 $ 274,119 $ 546,585 $ 291,628 $ 295,655 $ 587,283 Six months ended September 30, 2018 Six months ended October 1, 2017 Outdoor Products Shooting Sports Total Outdoor Products Shooting Sports Total Ammunition $ — $ 441,603 $ 441,603 $ — $ 494,773 $ 494,773 Firearms — 90,573 90,573 — 79,648 79,648 Hunting and Shooting Accessories 217,888 — 217,888 232,876 — 232,876 Action Sports 156,436 — 156,436 157,607 — 157,607 Outdoor Recreation 117,064 — 117,064 118,755 — 118,755 Eyewear 51,857 — 51,857 72,373 — 72,373 Total $ 543,245 $ 532,176 $ 1,075,421 $ 581,611 $ 574,421 $ 1,156,032 Geographic Region United States $ 387,445 $ 469,122 $ 856,567 $ 410,314 $ 498,788 $ 909,102 Rest of the World 155,800 63,054 218,854 171,297 75,633 246,930 Total $ 543,245 $ 532,176 $ 1,075,421 $ 581,611 $ 574,421 $ 1,156,032 Effective April 1, 2018, we implemented ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606), using the modified retrospective method. The standard did not have a material effect on our financial statements. The vast majority of our revenues are from the sale of consumer products in the outdoor recreation and shooting sports markets. Our customers consist primarily of retailers and distributors, as well as government, law enforcement, and military professionals. We also sell some of our products online directly to consumers. Our top customer is Walmart , representing 14% and 15% of our sales for the six months ended September 30, 2018 and October 1, 2017 , respectively. No other single customer contributed 10% or more of our sales for the six months ended September 30, 2018 and October 1, 2017 . Typically, our contracts require customers to pay within 30 - 60 days of product delivery with a discount available to some customers for early payment. In some cases, we offer extended payment terms to customers. However, we do not consider these extended payment terms to be a significant financing component of the contract because the payment terms are less than a year. We recognize revenue for our products at a point in time upon the transfer of control of the products to the customer, which typically occurs upon shipment and coincides with our right to payment, the transfer of legal title, and the transfer of the significant risks and rewards of ownership of the product. In limited circumstances, our contract with a customer may have shipping terms that indicate a transfer of control of the products upon their arrival at the destination rather than upon shipment. In those cases, we recognize revenue only when the product reaches the customer destination, which may require us to estimate the timing of transfer of control based on the expected delivery date. In all cases, however, we consider our costs related to shipping and handling to be a cost of fulfilling the contract with the customer. The total amount of revenue we recognize for the sale of our products reflects various sales adjustments for discounts, returns, refunds, allowances, rebates, and other customer incentives. These sales adjustments can vary based on market conditions, customer preferences, timing of customer payments, volume of products sold, and timing of new product launches. These adjustments require management to make reasonable estimates of the amount we expect to receive from the customer. We estimate sales adjustments by customer or by product category on the basis of our historical experience with similar contracts with customers, adjusted as necessary to reflect current facts and circumstances and our expectations for the future. Incentives in the form of cash paid to the customer (or a reduction of a customer cash payment to us) typically are recognized as a reduction of sales unless the incentive is for a distinct benefit that we receive from the customer (e.g., advertising or marketing). We provide consumer warranties against manufacturing defects on certain products within the Shooting Sports and Outdoor Products segments. Our warranty periods typically range from one year to the lifetime of the product. The costs of such product warranties are recognized upon delivery of the product at the time the sale is recorded, and are estimated based on our past experience. We pay commissions to some of our employees based on agreed-upon sales targets. We recognize the incremental costs of obtaining a contract as an expense when incurred because our sales contracts with commissions are a year or less. We did not recognize any revenue in the reporting period from performance obligations satisfied (or partially satisfied) in previous reporting periods. |