Vista Outdoor (GEAR) 10-Q 7 Feb 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 30, 2018	Feb. 04, 2019
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	Dec. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		57,591,087
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Dec. 30, 2018	Mar. 31, 2018
Current assets:
Cash and cash equivalents	$ 37,624	$ 22,870
Net receivables	340,016	421,763
Net inventories	425,473	382,278
Income tax receivable	12,044	3,379
Assets held for sale	236,810	200,440
Other current assets	18,519	27,962
Total current assets	1,070,486	1,058,692
Net property, plant, and equipment	219,776	277,207
Goodwill	204,496	657,536
Net intangible assets	364,616	592,279
Deferred charges and other non-current assets	17,343	29,122
Total assets	1,876,717	2,614,836
Current liabilities:
Current portion of long-term debt	19,335	32,000
Accounts payable	136,550	114,549
Accrued compensation	26,556	36,346
Federal excise tax	14,785	22,701
Liabilities held for sale	40,592	42,177
Other current liabilities	125,430	97,447
Total current liabilities	363,248	345,220
Long-term debt	729,594	883,399
Deferred income tax liabilities	18,497	66,196
Accrued pension and postemployment benefits	35,733	38,196
Other long-term liabilities	63,019	64,335
Total liabilities	1,210,091	1,397,346
Commitments and contingencies (Notes 13 and 16)
Issued and outstanding — 57,573,713 shares as of December 30, 2018 and 57,431,299 shares as of March 31, 2018	576	574
Additional paid-in capital	1,760,075	1,746,182
Accumulated deficit	(756,334)	(156,526)
Accumulated other comprehensive loss	(73,998)	(104,296)
Common stock in treasury, at cost — 6,390,726 shares held as of December 30, 2018 and 6,533,140 shares held as of March 31, 2018	(263,693)	(268,444)
Total stockholders' equity	666,626	1,217,490
Total liabilities and stockholders' equity	$ 1,876,717	$ 2,614,836

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares	Dec. 30, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock, issued (in shares)	57,551,275	57,431,299
Common stock, outstanding (in shares)	57,551,275	57,431,299
Common stock in treasury (in shares)	6,413,164	6,533,140

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Income Statement [Abstract]
Sales, net	$ 467,771	$ 581,204	$ 1,543,192	$ 1,737,236
Cost of sales	373,535	455,099	1,226,861	1,325,596
Gross profit	94,236	126,105	316,331	411,640
Operating expenses:
Research and development	6,503	6,875	20,681	22,113
Selling, general, and administrative	86,418	100,224	284,754	306,036
Goodwill and intangibles impairment	432,612	0	456,023	152,320
Impairment of held-for-sale assets	83,854	0	128,775	0
Income (loss) before other expense, interest, and income taxes	(515,151)	19,006	(573,902)	(68,829)
Other income (expense), net	(1,871)	0	(6,796)	0
Interest expense, net	(16,003)	(12,494)	(46,340)	(37,456)
Income (loss) before income taxes	(533,025)	6,512	(627,038)	(106,285)
Income tax provision (benefit)	(18,383)	(47,231)	(27,230)	(61,975)
Net income (loss)	$ (514,642)	$ 53,743	$ (599,808)	$ (44,310)
Earnings (loss) per common share:
Basic (in dollars per share)	$ (8.94)	$ 0.94	$ (10.43)	$ (0.78)
Diluted (in dollars per share)	$ (8.94)	$ 0.94	$ (10.43)	$ (0.78)
Weighted-average number of common shares outstanding:
Basic (in shares)	57,572	57,253	57,525	57,113
Diluted (in shares)	57,572	57,294	57,525	57,113
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 $19 and $29 for the quarter ended, respectively; and, $57 and $221 for the nine months ended, respectively.	$ (60)	$ (49)	$ (180)	$ (372)
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense of $(172) and $(281) for the quarter ended, respectively; and, $(516) and $(1,240) for the nine months ended, respectively.	543	472	1,629	2,087
Valuation adjustment for pension and postretirement benefit plans, net of tax expense of $0 and $714 for the quarter ended, respectively; and, $0 and $710 for the nine months ended, respectively.	0	(1,202)	0	(1,197)
Change in derivatives, net of tax expense of $88 and $(467) for the quarter ended, respectively; and, $235 and $(481) for the nine months ended, respectively.	(279)	785	(743)	808
Change in cumulative translation adjustment.	76	791	29,592	16,463
Total other comprehensive income (loss)	280	797	30,298	17,789
Comprehensive income (loss)	$ (514,362)	$ 54,540	$ (569,510)	$ (26,521)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Income Statement [Abstract]
Reclassification of prior service credits for pension and postretirement benefit plans recorded to net income, net of tax benefit	$ 19	$ 29	$ 57	$ 221
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense	(173)	(281)	(516)	(1,240)
Valuation adjustment for pension and postretirement benefit plans, net of tax benefit	0	714	0	710
Change in derivatives, net of tax expense	88	(467)	235	(481)
Change in cumulative translation adjustment, net of tax benefit	$ 0	$ 0	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017
Operating Activities
Net income (loss)	$ (599,808)	$ (44,310)
Adjustments to net income (loss) to arrive at cash provided by operating activities:
Depreciation	40,112	41,412
Amortization of intangible assets	19,284	26,653
Impairment of held-for-sale assets	128,775	0
Goodwill and intangibles impairment	456,023	152,320
Deferred financing costs expensed	10,458	2,260
Deferred income taxes	(26,610)	(76,173)
Loss on disposal of property, plant, and equipment	8,098	87
Loss on disposition	(4,925)	0
Stock-based compensation	5,838	7,868
Changes in assets and liabilities:
Net receivables	47,088	12,254
Net inventories	(88,657)	111,250
Accounts payable	36,961	(8,456)
Accrued compensation	(6,911)	10,654
Accrued income taxes	(4,872)	31,258
Federal excise tax	(3,630)	(6,083)
Pension and other postretirement benefits	(555)	(8,960)
Other assets and liabilities	34,429	(5,945)
Cash provided by operating activities	60,948	246,089
Investing Activities:
Capital expenditures	(30,911)	(43,561)
Proceeds from sale of Eyewear business	151,595	0
Proceeds from the disposition of property, plant, and equipment	365	88
Cash provided by (used for) investing activities	121,049	(43,473)
Financing Activities:
Borrowings on lines of credit	440,000	250,000
Payments on lines of credit	(180,000)	(410,000)
Proceeds from Issuance of Long-term Debt	149,343	0
Payments made on long-term debt	(576,000)	(24,000)
Payments made for debt issuance costs	(10,271)	(1,805)
Settlement from former parent	13,047	0
Other Payments to Acquire Businesses	1,348	1,348
Shares withheld for payroll taxes	(1,001)	(2,982)
Proceeds from employee stock compensation plans	0	4,237
Cash used for financing activities	(166,230)	(185,898)
Effect of foreign exchange rate fluctuations on cash	(1,013)	1,486
Increase in cash and cash equivalents	14,754	18,204
Cash and cash equivalents at beginning of period	22,870	45,075
Cash and cash equivalents at end of period	37,624	63,279
Non-cash investing activity:
Capital expenditures included in accounts payable	$ 1,756	$ 4,281

CONDENSED CONSOLIDATED STATEM_4

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 (in shares) at Mar. 31, 2017		57,014,319
Balance at Mar. 31, 2017	$ 1,245,065	$ 571	$ 1,752,903	$ (108,033)	$ (112,992)	$ (287,384)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	(26,521)			(44,310)	17,789
Exercise of stock options (in shares)		265,160
Exercise of stock options	4,237		(6,734)			10,971
Restricted stock grants net of forfeitures (in shares)		(66,473)
Restricted stock grants net of forfeitures	(1,630)		126			(1,756)
Share-based compensation	7,868		7,868
Restricted stock vested and shares withheld (in shares)		51,307
Restricted stock vested and shares withheld	721		(758)			1,479
Employee stock purchase plan (in shares)		20,670
Employee stock purchase plan	372		(482)			854
Settlement from former parent	0
Other (in shares)		4,556
Other	165	$ 2	(65)			228
Balance (in shares) at Dec. 31, 2017		57,289,539
Balance at Dec. 31, 2017	1,230,277	$ 573	1,752,858	(152,343)	(95,203)	(275,608)
Balance (in shares) at Mar. 31, 2018		57,431,299
Balance at Mar. 31, 2018	1,217,490	$ 574	1,746,182	(156,526)	(104,296)	(268,444)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	(569,510)			(599,808)	30,298
Share-based compensation	5,838		5,940			(102)
Restricted stock vested and shares withheld (in shares)		71,192
Restricted stock vested and shares withheld	(438)		(3,577)			3,139
Employee stock purchase plan (in shares)		13,083
Employee stock purchase plan	206		(334)			540
Settlement from former parent	13,047		13,047
Other (in shares)		58,139
Other	(7)	$ 2	(1,183)			1,174
Balance (in shares) at Dec. 30, 2018		57,573,713
Balance at Dec. 30, 2018	$ 666,626	$ 576	$ 1,760,075	$ (756,334)	$ (73,998)	$ (263,693)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Dec. 30, 2018
Fair Value Disclosures [Abstract]
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 our outstanding 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 13 , Long-term Debt , for additional information. Commodity Price Hedging Instruments —We periodically enter into commodity forward contracts to hedge our exposure to price fluctuations on certain commodities we use for raw material components in our manufacturing process. When actual commodity prices exceed the fixed price provided by these contracts, we receive this difference from the counterparty, and when actual commodity prices are below the contractually provided fixed price, we pay this difference to the counterparty. See Note 3 , Derivative Financial Instruments , for additional information. 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 is evaluated on an ongoing basis and is based on management estimates and entity-specific assumptions which are considered Level 3 inputs. 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, approximately $10,000 of the purchase price is payable over a three -year period from the closing date if certain incremental growth milestones are met and key members of Camp Chef management continue their employment with us through the respective milestone dates. The approximately $10,000 is being expensed over the three -year measurement period and is to be paid in three equal installments as each milestone is achieved. The growth milestones for the second year have been met and, therefore, we paid $3,371 during the quarter ended December 30, 2018. Sublease of former corporate headquarters —In the quarter ended December 30, 2018, we entered into a sublease for our former corporate headquarters located in Farmington, Utah. We recognized a loss of $2,340 associated with the execution of the sublease agreement as the expected discounted cash flows to be incurred under the remaining operating lease term of approximately seven years exceed anticipated discounted cash flows from the new operating sublease. Additionally, we evaluated the long-lived assets associated with our former corporate headquarters for impairment and determined that they were no longer recoverable. As a result, we recognized a loss of $5,317 related to the impairment of long-lived assets associated with our former corporate headquarters. Both losses are included in the selling, general and administrative line item in the Condensed Consolidated Statement of Comprehensive Income (Loss). The fair values of the sublease and long-lived assets were based on expected future cash flows using Level 3 inputs under ASC 820. 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: December 30, 2018 March 31, 2018 Carrying Fair Carrying Fair Fixed-rate debt $ 350,000 $ 320,250 $ 350,000 $ 328,248 Variable-rate debt 409,343 409,343 576,000 576,000

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Dec. 30, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Nature of Operations —Vista Outdoor Inc. (together with our subsidiaries, "Vista Outdoor", "we", "our", and "us") is a leading global designer, manufacturer and marketer of consumer products in the growing outdoor sports and recreation markets. We operate in two segments, Outdoor Products and Shooting Sports. Vista Outdoor has manufacturing and distribution facilities in 18 locations in the United 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 financial statements and notes included in our annual report on Form 10-K for the fiscal year ended March 31, 2018 (“fiscal 2018”). 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 financial statements in our Annual Report on Form 10-K for fiscal 2018. Management is responsible for the condensed consolidated financial statements included in this report, which are unaudited but, in the opinion of management, include all adjustments necessary for a fair presentation of our financial position as of December 30, 2018 and March 31, 2018 , our results of operations for the quarter and nine months ended December 30, 2018 and December 31, 2017 , and our cash flows for the nine months ended December 30, 2018 and December 31, 2017 . New Accounting Pronouncements —Effective April 1, 2018, we adopted Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes existing revenue recognition requirements. We adopted this standard effective April 1, 2018 using the modified retrospective transition method. The adoption of this standard did not have a material impact on our consolidated financial statements. See Note 4 , Revenue Recognition , for our enhanced disclosures about revenue in accordance with the new standard. On February 25, 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, Leases . The new guidance was issued to increase transparency and comparability among companies by requiring most leases to be included on the balance sheet and by expanding disclosure requirements. Based on the current effective dates, the new guidance would first apply in the first quarter of our fiscal 2020. Although we expect adoption of the standard to materially increase the assets and liabilities recorded on our balance sheet, we are still evaluating the overall impact on our financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. ASU 2017-12 amends existing guidance to better align an entity’s risk management activities and financial reporting for hedging relationships. ASU 2017-12 also expands and refines hedge accounting for both nonfinancial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The standard allows for early adoption. As of September 30, 2018, we elected to early adopt this standard, which did not have a material impact on our consolidated financial statements. Other than the standards noted above and in our fiscal 2018 financial statements, there are no other new accounting pronouncements that are expected to have a significant impact on our condensed consolidated financial statements.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Dec. 30, 2018
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 rates, 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 13 , Long-term Debt , for additional information on our interest rate swaps. We entered into various commodity forward contracts during the quarters ended September 30, 2018 and December 30, 2018. These contracts are used to hedge our exposure to price fluctuations on lead we purchase for raw material components in our ammunition manufacturing process and are designated and qualify as effective cash flow hedges. The effectiveness of cash flow hedges is assessed at inception and quarterly thereafter. Hedge accounting would cease if it became probable that the originally-forecasted hedged transaction will not occur. The related change in fair value of the ineffective portion of the derivative instrument would be reclassified from accumulated other comprehensive income (loss) and recognized in earnings. The fair value of the lead forward contracts is recorded within other assets or liabilities, as appropriate, and the effective portion is reflected in accumulated other comprehensive loss ("AOCL") in our financial statements. The gains or losses on the lead forward contracts are recorded in inventory as the commodities are purchased and in cost of sales when the related inventory is sold. As of December 30, 2018 , we had outstanding lead forward contracts on 9 million pounds of lead. The derivative gains or losses in the unaudited condensed consolidated statements of comprehensive income related to lead forward contracts during the three and nine months ended December 30, 2018 were immaterial. The liability related to the lead forward contracts is immaterial and is recorded as part of other current liabilities.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Dec. 30, 2018
Earnings Per Share [Abstract]
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 quarter and nine months ended December 30, 2018 and December 31, 2017 , earnings, as reported for each respective period, is divided by the number of shares below: Quarter ended Nine months ended December 30, 2018 December 31, 2017 December 30, 2018 December 31, 2017 Net income (loss) $ (514,642 ) $ 53,743 $ (599,808 ) $ (44,310 ) Weighted-average number of common shares outstanding: Basic EPS shares outstanding 57,572 57,253 57,525 57,113 Dilutive effect of stock-based awards (1) — 41 — — Diluted EPS shares outstanding 57,572 57,294 57,525 57,113 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 460 236 424 149 Earnings (loss) per common share: Basic $ (8.94 ) $ 0.94 $ (10.43 ) $ (0.78 ) Diluted $ (8.94 ) $ 0.94 $ (10.43 ) $ (0.78 ) (1) Due to the loss from continuing operations in the quarter and nine months ended December 30, 2018 and the nine months ended December 31, 2017 , there are no common shares added to calculate dilutive EPS because the effect would be antidilutive.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Dec. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following tables disaggregate our net sales by major category: Quarter ended December 30, 2018 Quarter ended December 31, 2017 Outdoor Products Shooting Sports Total Outdoor Products Shooting Sports Total Ammunition $ — $ 197,554 $ 197,554 $ — $ 238,858 $ 238,858 Firearms — 43,775 43,775 — 47,468 47,468 Hunting and Shooting Accessories 109,287 — 109,287 122,215 — 122,215 Action Sports 73,682 — 73,682 79,301 — 79,301 Outdoor Recreation 43,473 — 43,473 48,489 — 48,489 Eyewear — — — 44,873 — 44,873 Total $ 226,442 $ 241,329 $ 467,771 $ 294,878 $ 286,326 $ 581,204 Geographic Region United States $ 160,582 $ 208,541 $ 369,123 $ 190,265 $ 246,981 $ 437,246 Rest of the World 65,860 32,788 98,648 104,613 39,345 143,958 Total $ 226,442 $ 241,329 $ 467,771 $ 294,878 $ 286,326 $ 581,204 Nine months ended December 30, 2018 Nine months ended December 31, 2017 Outdoor Products Shooting Sports Total Outdoor Products Shooting Sports Total Ammunition $ — $ 639,158 $ 639,158 $ — $ 733,631 $ 733,631 Firearms — 134,347 134,347 — 127,116 127,116 Hunting and Shooting Accessories 327,211 — 327,211 355,336 — 355,336 Action Sports 230,117 — 230,117 236,908 — 236,908 Outdoor Recreation 160,500 — 160,500 166,999 — 166,999 Eyewear 51,859 — 51,859 117,246 — 117,246 Total $ 769,687 $ 773,505 $ 1,543,192 $ 876,489 $ 860,747 $ 1,737,236 Geographic Region United States $ 541,646 $ 679,144 $ 1,220,790 $ 577,416 $ 745,770 $ 1,323,186 Rest of the World 228,041 94,361 322,402 299,073 114,977 414,050 Total $ 769,687 $ 773,505 $ 1,543,192 $ 876,489 $ 860,747 $ 1,737,236 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 14% of our sales for the nine months ended December 30, 2018 and December 31, 2017 , respectively. No other single customer contributed 10% or more of our sales for the nine months ended December 30, 2018 and December 31, 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.

Assets and Liabilities Held for

Assets and Liabilities Held for Sale	9 Months Ended
	Dec. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Held for Sale	Assets and Liabilities Held for Sale During the quarter ended December 30, 2018 , we entered into negotiations with a number of potential buyers for the legal entities comprising our firearms business, which is part of our Shooting Sports segment and comprises our firearms reporting unit. The decision to sell this business reflects our ongoing review of our portfolio of brands to focus on assets that are core to our mission and strategy. The gross proceeds from the divestiture are expected to be approximately $210,000 , subject to net working capital adjustments and transaction costs. The sale of the legal entities comprising our firearms business is expected to be completed in the next few quarters. As we believe that the sale of the firearms business will result in a net loss, we recognized an impairment of $83,854 during the quarter ended December 30, 2018. The operating results of this business do not qualify for reporting as discontinued operations. For the quarter and nine months ended December 30, 2018 , the earnings before taxes for this business were $6,461 and $15,749 , respectively. For the quarter and nine months ended December 31, 2017 , the earnings before taxes for this business were $4,491 and $10,378 , respectively. The following table presents information related to the assets and liabilities of the firearms business that was classified as held for sale at December 30, 2018 : Assets and Liabilities Held for Sale (Amounts in thousands except share data) December 30, 2018 Assets Net receivables $ 44,880 Net inventories 37,048 Other current assets 1,344 Net property, plant, and equipment 34,591 Goodwill 121,463 Net intangible assets 79,810 Deferred charges and other noncurrent assets 1,528 Total assets held for sale $ 320,664 Liabilities Accounts payable $ 9,614 Accrued compensation 1,878 Accrued income taxes 465 Federal excise tax 4,228 Other current liabilities 2,898 Deferred tax liabilities 21,509 Total liabilities held for sale $ 40,592 Total net assets held for sale $ 280,072 Total net assets held for sale $ 280,072 Currency translation adjustment attributable to firearms business 3,782 Total net assets including currency translation adjustment 283,854 Estimated fair value less costs to sell (200,000 ) Impairment of held-for-sale assets $ 83,854 Total assets held for sale $ 320,664 Impairment of held-for-sale assets (83,854 ) Adjusted assets held for sale $ 236,810 On August 31, 2018, the Company completed the sale of its Bollé, Serengeti, and Cébé brands (the "Eyewear Brands"). The selling price was $158,000 , subject to customary working capital adjustments. As a result of the sale, during the nine months ended December 30, 2018 , the Company recorded a pretax loss of $4,925 , which is included in other income (expense), net primarily due to the final allocation of goodwill and fixed assets for the Eyewear Brands. During the nine months ended December 30, 2018 , we recognized an impairment of $44,921 related to an expected loss on the sale of our held-for-sale assets related to the Eyewear Brands. The loss is primarily attributable to cumulative foreign currency translation adjustments for these entities that was reclassified to earnings upon their sale. We are currently negotiating the final working capital adjustments with the buyer.

Divestitures

Divestitures	9 Months Ended
	Dec. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Assets and Liabilities Held for Sale During the quarter ended December 30, 2018 , we entered into negotiations with a number of potential buyers for the legal entities comprising our firearms business, which is part of our Shooting Sports segment and comprises our firearms reporting unit. The decision to sell this business reflects our ongoing review of our portfolio of brands to focus on assets that are core to our mission and strategy. The gross proceeds from the divestiture are expected to be approximately $210,000 , subject to net working capital adjustments and transaction costs. The sale of the legal entities comprising our firearms business is expected to be completed in the next few quarters. As we believe that the sale of the firearms business will result in a net loss, we recognized an impairment of $83,854 during the quarter ended December 30, 2018. The operating results of this business do not qualify for reporting as discontinued operations. For the quarter and nine months ended December 30, 2018 , the earnings before taxes for this business were $6,461 and $15,749 , respectively. For the quarter and nine months ended December 31, 2017 , the earnings before taxes for this business were $4,491 and $10,378 , respectively. The following table presents information related to the assets and liabilities of the firearms business that was classified as held for sale at December 30, 2018 : Assets and Liabilities Held for Sale (Amounts in thousands except share data) December 30, 2018 Assets Net receivables $ 44,880 Net inventories 37,048 Other current assets 1,344 Net property, plant, and equipment 34,591 Goodwill 121,463 Net intangible assets 79,810 Deferred charges and other noncurrent assets 1,528 Total assets held for sale $ 320,664 Liabilities Accounts payable $ 9,614 Accrued compensation 1,878 Accrued income taxes 465 Federal excise tax 4,228 Other current liabilities 2,898 Deferred tax liabilities 21,509 Total liabilities held for sale $ 40,592 Total net assets held for sale $ 280,072 Total net assets held for sale $ 280,072 Currency translation adjustment attributable to firearms business 3,782 Total net assets including currency translation adjustment 283,854 Estimated fair value less costs to sell (200,000 ) Impairment of held-for-sale assets $ 83,854 Total assets held for sale $ 320,664 Impairment of held-for-sale assets (83,854 ) Adjusted assets held for sale $ 236,810 On August 31, 2018, the Company completed the sale of its Bollé, Serengeti, and Cébé brands (the "Eyewear Brands"). The selling price was $158,000 , subject to customary working capital adjustments. As a result of the sale, during the nine months ended December 30, 2018 , the Company recorded a pretax loss of $4,925 , which is included in other income (expense), net primarily due to the final allocation of goodwill and fixed assets for the Eyewear Brands. During the nine months ended December 30, 2018 , we recognized an impairment of $44,921 related to an expected loss on the sale of our held-for-sale assets related to the Eyewear Brands. The loss is primarily attributable to cumulative foreign currency translation adjustments for these entities that was reclassified to earnings upon their sale. We are currently negotiating the final working capital adjustments with the buyer.

Receivables

Receivables	9 Months Ended
	Dec. 30, 2018
Receivables [Abstract]
Receivables	Net receivables are summarized as follows: December 30, 2018 March 31, 2018 Trade receivables $ 337,546 $ 453,939 Other receivables 21,139 4,017 Less: allowance for doubtful accounts and discounts (18,669 ) (36,193 ) Net receivables $ 340,016 $ 421,763 As of December 30, 2018 , Walmart and Amazon represented 21% and 13% of the total trade receivables balance, respectively. As of March 31, 2018 , Walmart represented 14% of the total trade receivables balance. No other customer represented more than 10% of our total trade receivables balance as of December 30, 2018 and March 31, 2018 .

Inventories

Inventories	9 Months Ended
	Dec. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Net inventories consist of the following: December 30, 2018 March 31, 2018 Raw materials $ 91,089 $ 88,588 Work in process 38,682 40,812 Finished goods 295,702 252,878 Net inventories $ 425,473 $ 382,278 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 $15,989 and $24,040 as of December 30, 2018 and March 31, 2018 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (AOCL)	9 Months Ended
	Dec. 30, 2018
Equity [Abstract]
Accumulated Other Comprehensive Loss (AOCL)	The components of AOCL, net of income taxes, are as follows: December 30, 2018 March 31, 2018 Pension and other postretirement benefits $ (65,207 ) $ (66,656 ) Derivatives 1,161 1,904 Cumulative translation adjustment (9,952 ) (39,544 ) Total AOCL $ (73,998 ) $ (104,296 ) The following tables summarize the changes in the balance of AOCL, net of income tax: Quarter ended December 30, 2018 Nine months ended December 30, 2018 Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Beginning balance in AOCL $ 1,440 $ (65,690 ) $ (10,028 ) $ (74,278 ) $ 1,904 $ (66,656 ) $ (39,544 ) $ (104,296 ) Net actuarial losses reclassified from AOCL (1) — 543 — 543 — 1,629 — 1,629 Prior service costs reclassified from AOCL (1) — (60 ) — (60 ) — (180 ) — (180 ) Net increase in fair value of derivatives (279 ) — — (279 ) (743 ) — — (743 ) Net change in cumulative translation adjustment — — 76 76 — — 29,592 29,592 Ending balance in AOCL $ 1,161 $ (65,207 ) $ (9,952 ) $ (73,998 ) $ 1,161 $ (65,207 ) $ (9,952 ) $ (73,998 ) (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. Quarter ended December 31, 2017 Nine months ended December 31, 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 $ (55,632 ) $ (40,391 ) $ (96,000 ) $ — $ (56,929 ) $ (56,063 ) $ (112,992 ) Net actuarial losses reclassified from AOCL (1) — 472 — 472 — 2,087 — 2,087 Prior service costs reclassified from AOCL (1) — (49 ) — (49 ) — (372 ) — (372 ) Valuation adjustment for pension and postretirement benefit plans (2) — (1,202 ) — (1,202 ) — (1,197 ) — (1,197 ) Net increase in fair value of derivatives 785 — — 785 808 — — 808 Net change in cumulative translation adjustment — — 791 791 — — 16,463 16,463 Ending balance in AOCL $ 808 $ (56,411 ) $ (39,600 ) $ (95,203 ) $ 808 $ (56,411 ) $ (39,600 ) $ (95,203 ) (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 14 , Employee Benefit Plans , for a description of the pension curtailment gain recognized in the quarter ended July 2, 2017.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Dec. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	The changes in the carrying amount of goodwill by segment were as follows: Outdoor Products Shooting Sports Total Balance, March 31, 2018 $ 452,627 $ 204,909 $ 657,536 Impairment (327,772 ) — (327,772 ) Effect of foreign currency exchange rates — (279 ) (279 ) Held for sale — (121,463 ) (121,463 ) Divestitures (3,526 ) — (3,526 ) Balance, December 30, 2018 $ 121,329 $ 83,167 $ 204,496 Under accounting principles generally accepted in the United States, we are required to assess the fair value of our reporting units in the event we determine, based on our assessment of various qualitative factors, that a triggering event has occurred indicating that it is more likely than not that the fair value of a reporting unit is less than the book value of such reporting unit on our balance sheet. Once we determine that a triggering event has occurred, we then assess the fair value of our reporting units using both income and market-based approaches. In determining the fair value of a reporting unit, the estimated value of the reporting unit under the income-based approach is weighted equally with the reporting unit’s estimated value under the market-based approach. Under the income-based approach, the fair value of a reporting unit is estimated using a discounted cash flow model that requires us to make significant estimates based on our judgment regarding future revenues and expenses, projected capital expenditures, changes in working capital, and the appropriate discount rate. Under the the-market based approach, we estimate the fair value of a reporting unit as the sale price that we could reasonably expect to realize from the sale of the reporting unit. In estimating this sale price, we reference valuation multiples implied by the trading price of the common stock of comparable publicly-traded companies selected based on our judgment, as well as the purchase price paid by the acquirer in sale transactions involving comparable companies selected based on our judgment. The trading price of our common stock declined significantly in the quarter ended December 30, 2018, increasing the difference between the market value of Vista Outdoor equity and the book value of the assets recorded on our balance sheet and implying that investors’ may believe that the fair value of our reporting units is lower than their book value. In addition, as a result of a weaker than expected 2018 holiday shopping season and increasing uncertainty from the impact of retail bankruptcies, tariffs and other factors affecting the market for our products, we reduced our sales projections for fiscal year 2020 and beyond for a number of our reporting units for purposes of our long-range financial plan, which is updated annually beginning in our third quarter. As a result of these factors, we determined that a triggering event had occurred during the quarter with respect to our Hunting and Shooting Accessories, Outdoor Recreation, and Action Sports reporting units, which required that we assess the fair value of these reporting units using the income-based and market-based approaches described above. As a result of this assessment, during the quarter ended December 30, 2018, Vista Outdoor recorded a $429,395 impairment of goodwill and identifiable indefinite-lived intangible assets related to our Hunting and Shooting Accessories, Outdoor Recreation, and Action Sports reporting units. In each impaired reporting unit, our estimate of fair value was negatively impacted by the lower projected sales described above, resulting in reduced cash flows for those businesses in fiscal year 2020 and beyond. Our estimates of the fair values of these reporting units was also significantly reduced by increases in prevailing interest rates, which required that we apply a higher discount rate in the income-based valuation approach, and by lower valuation multiples implied by recent trading prices for the common stock of comparable publicly traded companies, which required that we apply lower valuation multiples in estimating the fair value of these reporting units using the market-based approach. The excess carrying amount over fair value, and resulting goodwill impairment, in our Hunting and Shooting Accessories reporting unit was $38,386 . As a result of the goodwill impairment, there is no remaining goodwill in our Hunting and Shooting Accessories reporting unit. To determine the fair value under the income approach, we used, based on our judgment, a discount rate of 9% and a terminal growth rate of 3% . During the quarter ended December 30, 2018, we also performed an interim test for indefinite-lived tradename impairment and recorded a $36,223 impairment related to our Bushnell, Outers, Champion, and Weaver's tradenames. We determined the fair values of the indefinite-lived tradenames using royalty rates ranging from 1.0% to 2.0% . The excess carrying amount over fair value, and resulting goodwill impairment, in our Outdoor Recreation reporting unit was $129,470 . As a result of the goodwill impairment, there is $121,329 of remaining goodwill in our Outdoor Recreation reporting unit. To determine the fair value under the income approach, we used, based on our judgment, a discount rate of 9% and a terminal growth rate of 3% . During the quarter ended December 30, 2018, we also performed an interim test for indefinite-lived tradename impairment and recorded a $43,400 impairment related to our CamelBak tradename. We determined the fair value of the indefinite-lived tradename using a royalty rate of 2.0% . The excess carrying amount over fair value, and resulting goodwill impairment, in our Action Sports reporting unit was $159,916 . As a result of the goodwill impairment, there is no remaining goodwill in our Action Sports reporting unit. To determine the fair value under the income approach, we used, based on our judgment, a discount rate of 9% and a terminal growth rate of 3% . During the quarter ended December 30, 2018, we also performed an interim test for indefinite-lived tradename impairment and recorded a $22,000 impairment related to our Giro tradename. We determined the fair value of the indefinite-lived tradenames using royalty rates ranging from 1.0% to 1.5% . We evaluated our other reporting unit and concluded that the fair value exceeded the carrying amount. The goodwill recorded within the Outdoor Products segment is presented net of $872,878 of accumulated impairment losses, of which $327,772 was recorded during the quarter ended December 30, 2018 , $143,400 was recorded in fiscal 2018, and $401,706 was recorded prior to fiscal 2018. 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: December 30, 2018 March 31, 2018 Gross Accumulated Total Gross Accumulated Total Trade names $ 48,360 $ (9,761 ) $ 38,599 $ 62,657 $ (11,993 ) $ 50,664 Patented technology 16,612 (9,364 ) 7,248 16,466 (8,157 ) 8,309 Customer relationships and other 240,112 (66,707 ) 173,405 318,476 (91,093 ) 227,383 Total 305,084 (85,832 ) 219,252 397,599 (111,243 ) 286,356 Non-amortizing trade names 145,364 — 145,364 305,923 — 305,923 Net intangible assets $ 450,448 $ (85,832 ) $ 364,616 $ 703,522 $ (111,243 ) $ 592,279 The loss of a key customer for our stand up paddle boards business during the quarter ended September 30, 2018 resulted in a reduction of the projected cash flows for the stand up paddle boards business. Given the associated decrease in projected cash flows for the period, we determined that a triggering event had occurred. This analysis resulted in a $23,411 impairment charge related to customer relationship intangibles associated with the Jimmy Styks acquisition. In the quarter ended December 30, 2018, we decided to close down some small operations. As a result, we impaired $3,217 of net amortizing intangible assets in the Outdoor Products Segment. The remeasurement of intangible assets is classified as a Level 3 fair value assessment as described in Note 2 due to the significance of unobservable inputs developed using company-specific information. The amortizable intangible assets in the table above are being amortized using a straight-line method over a weighted average remaining period of approximately 12.5 years. The amount of amortizing intangible assets for the Outdoor Products segment is presented net of a $26,628 impairment charge recorded in fiscal 2019 and 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 $101,623 , $8,920 , and $34,230 of impairment losses recorded in fiscal 2019, 2018, and 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 December 30, 2018 and December 31, 2017 was $5,664 and $8,400 , respectively, and for the nine months ended December 30, 2018 and December 31, 2017 was $19,284 and $26,653 , respectively. As of December 30, 2018 , we expect amortization expense related to these assets to be as follows: Remainder of fiscal 2019 $ 4,652 Fiscal 2020 20,071 Fiscal 2021 20,047 Fiscal 2022 19,992 Fiscal 2023 19,877 Thereafter 134,613 Total $ 219,252

Other Current and Non-current L

Other Current and Non-current Liabilities	9 Months Ended
	Dec. 30, 2018
Other Liabilities Disclosure [Abstract]
Other Current and Non-current Liabilities	Other current and non-current liabilities consisted of the following: December 30, 2018 March 31, 2018 Other current liabilities: Accrual for in-transit inventory $ 32,551 $ 29,200 Rebate accrual 20,086 14,827 Other 72,793 53,420 Total other current liabilities $ 125,430 $ 97,447 Other non-current liabilities: Non-current portion of accrued income tax liability $ 36,657 $ 34,716 Other 26,362 29,619 Total other non-current liabilities $ 63,019 $ 64,335 We provide consumer warranties against manufacturing defects on certain products within the Shooting Sports and Outdoor Products segments with warranty periods ranging from one year to the expected lifetime of the product. The estimated costs of such product warranties are recorded at the time the sale is recorded based upon our past experience. 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 periods presented: Balance, March 31, 2018 $ 10,247 Payments made (3,106 ) Warranties issued 3,815 Other adjustments (1,813 ) Changes related to pre-existing warranties (202 ) Balance, December 30, 2018 $ 8,941

Long-term Debt

Long-term Debt	9 Months Ended
	Dec. 30, 2018
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt, including the current portion, consisted of the following: December 30, 2018 March 31, 2018 Credit Agreements due 2023: Revolving Credit Facility $ 260,000 $ — Term Loan 109,343 — Credit Agreement due 2021: Term Loan — 576,000 Revolving Credit Facility — — Total principal amount of Credit Agreements 369,343 576,000 Junior Term Loan 40,000 — 5.875% Senior Notes 350,000 350,000 Principal amount of long-term debt 759,343 926,000 Less: unamortized deferred financing costs (10,414 ) (10,601 ) Carrying amount of long-term debt 748,929 915,399 Less: current portion (19,335 ) (32,000 ) Carrying amount of long-term debt, excluding current portion $ 729,594 $ 883,399 Credit Agreements —On November 19, 2018, we refinanced our Amended and Restated Credit Agreement dated April 1, 2016, which provided for a $200,000 revolving credit facility and a $400,000 term loan A, by entering into new credit facilities (collectively, the “New Credit Facilities”) provided for (a) a $450,000 senior secured asset-based revolving credit facility (the “ABL Revolving Credit Facility”), comprised of $20,000 in first-in, last-out (“FILO”) revolving credit commitments and $430,000 in non-FILO revolving credit commitments, (b) a $109,343 senior secured asset-based term loan facility (the “Term Loan”) and (c) a $40,000 junior secured term loan facility (the “Junior Term Loan”). The amount available under the ABL Revolving Credit Facility is the lesser of the total commitment of $450,000 or a borrowing base based on percentages of eligible receivables, inventory, and cash, minus certain reserves. As of December 30, 2018 , based on the borrowing base less outstanding borrowings of $260,000 and outstanding letters of credit of $23,007 , the amount available to us under the ABL Revolving Credit Facility was $150,669 . The New Credit Facilities each mature on November 19, 2023 (the “Maturity Date”), subject to a customary springing maturity in respect of the 5.875% Notes due 2023. The loans under the Term Loan are subject to quarterly principal repayments of $4,834 on the first business day of each January, April, July and October, with the remaining balance due on the Maturity Date. The FILO commitments under the ABL Revolving Credit Facility are subject to reductions of $1,667 on the first business day of each fiscal quarter beginning on April 1, 2019. Any outstanding revolving loans under the ABL Revolving Credit Facility will be payable in full on the Maturity Date. There are no scheduled principal payments under the Junior Term Loan, which will be payable in full on the Maturity Date. Borrowings under the ABL Revolving Credit Facility bear interest at a rate equal to, in the case of (a) non-FILO revolving credit loans, either the sum of a base rate plus a margin ranging from 0.75% to 1.25% or the sum of a LIBO rate plus a margin ranging from 1.75% to 2.25% , and (b) FILO revolving credit loans, a rate that is 1.00% higher than the rate paid on the non-FILO revolving credit loans. All such rates vary based on our Average Excess Availability under the ABL Revolving Credit Facility. As of December 30, 2018, the margin under the (1) ABL Revolving Credit Facility was, in the case of (a) non-FILO revolving credit loans, 1.25% for base rate loans and 2.25% for LIBO rate loans and (b) FILO revolving credit loans, 2.25% for base rate loans and 3.25% for LIBO rate loans, (2) Term Loan was 2.75% for base rate loans and 3.75% for LIBO rate loans, and (3) Junior Term Loan was 7.00% for base rate loans and 8.00% for LIBO rate loans. The weighted average interest rate for our borrowings under the New Credit Facilities as of December 30, 2018 was 5.63% , excluding the impact of the interest rate swaps that are discussed below. We pay a commitment fee on the unused commitments under the ABL Revolving Credit Facility of 0.25% per annum. Substantially all domestic tangible and intangible assets of Vista Outdoor and our domestic 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 New Credit Facilities. Debt issuance costs related to the New Credit Facilities, including a portion of the existing unamortized debt issuance costs, totaling approximately $11,000 will be amortized over the term of the New Credit Facilities. In connection with the refinancing, net unamortized debt issuance costs of $2,404 plus additional costs related to the refinancing of approximately $500 were written off during the quarter ended December 30, 2018 and were included in interest expense in the condensed consolidated statements of comprehensive income (loss). 5.875% Notes —In fiscal 2016, 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 the notes is payable semi-annually in arrears on April 1 and October 1 of each year. 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. Debt issuance costs of approximately $4,300 are being amortized to interest expense over 8 years, the term of the notes. The New Credit Facilities and the indenture governing the 5.875% Notes contain cross-default provisions so that non-compliance with the covenants within one debt agreement could also cause a default under the other debt agreements. As of December 30, 2018, we were in compliance with the covenants of all of the debt agreements. However, we cannot provide assurance that we will be able to comply with such financial covenants in the future because of various risks and uncertainties some of which may be beyond our control. Rank and guarantees —The New Credit Facilities' 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 of Vista Outdoor 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 of Vista Outdoor. The 5.875% Notes are fully and unconditionally guaranteed, jointly and severally, by our existing and future domestic subsidiaries that guarantee indebtedness under our New Credit Facilities 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 New Credit Facilities and all capital markets debt securities. Interest rate swaps —During fiscal 2018, 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 December 30, 2018 , 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 $ 576 1.519% 2.345% June 2019 Non-amortizing swap 100,000 1,321 1.629% 2.345% June 2020 The amount 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 quarters ended December 30, 2018 and December 31, 2017 totaled $15,108 and $16,834 , respectively. Cash paid for interest on debt, including commitment fees, for the nine months ended December 30, 2018 and December 31, 2017 totaled $29,646 and $39,722 , respectively.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Dec. 30, 2018
Retirement Benefits [Abstract]
Employee Benefit Plans	During the quarter ended December 30, 2018 , we recognized an aggregate net benefit for employee defined benefit plans of $186 compared to a net expense of $0 during the quarter ended December 31, 2017 . The decrease in expense was primarily due to expected return on plan assets and elimination of service cost due to pension curtailment on July 31, 2017, as discussed below. For the nine months ended December 30, 2018 , we recognized an aggregate net benefit for employee defined benefit plans of $556 compared to a net expense of $1,506 during the nine months ended December 31, 2017 . The decrease in expense was primarily due to expected return on plan assets and elimination of service cost due to pension curtailment on July 31, 2017, as discussed below. Employer contributions and distributions —During the nine months ended December 30, 2018 , there were no required contributions to the pension trust, and we made no contributions to our other postretirement benefit plans, and no distributions to retirees under the non-qualified supplemental executive retirement plan. During the nine months ended December 31, 2017 , we contributed $8,800 directly to the pension trust, made no contributions to our other postretirement benefit plans, and made no distributions to retirees under the non-qualified supplemental executive retirement plan. During the remainder of fiscal 2019 , we do not expect to make additional contributions to the pension trust, to our other postretirement benefit plans, or directly to retirees under our non-qualified supplemental executive retirement plans. 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 was 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	9 Months Ended
	Dec. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Our provision for income taxes includes federal, foreign, and state income taxes. Income tax provisions for interim periods are based on the year-to-date effective tax rate for the current year and on estimated effective annual income tax rate for the prior year. The income tax provisions for the quarters ended December 30, 2018 and December 31, 2017 represent effective tax rates of 3.4% and (725.3)% , respectively. The increase in the rate from the prior year quarter is primarily the result of the nondeductible impairment charges in the current quarter and the income tax effects of the Tax Cuts and Jobs Act ("Tax Legislation") in the prior year quarter. The effective tax rates for the quarters ended December 30, 2018 and December 31, 2017 were lower than the statutory rate primarily because of the recognition of the nondeductible impairment charges and the impact of the Tax Legislation, respectively. The income tax provisions for the nine months ended December 30, 2018 and December 31, 2017 represent effective tax rates of 4.3% and 58.3% , respectively. The decrease in the rate from the prior year period is primarily the result of nondeductible impairment charges in the current period and the effects of the Tax Legislation in the prior period. The effective tax rate for the nine months ended December 30, 2018 was lower than the statutory rate primarily because of the recognition of the nondeductible impairment charges in the current period. The effective tax rate for the nine months ended December 31, 2017 was higher than the statutory rate primarily because of the effects of the Tax Legislation in the prior period. In assessing the realizability of our deferred tax assets, we considered whether it is more likely than not that some portion or all of the deferred tax assets will be realized. As a result of the impairment charges recorded in the current quarter, we are in a cumulative loss position for the three year period ending December 30, 2018 . A cumulative loss position is considered significant negative evidence in assessing the realizability of a deferred tax asset that is difficult to overcome when determining whether a valuation allowance is required. Considering the weight of all available positive and negative evidence, we do not believe the positive evidence overcomes the negative evidence of our cumulative loss position. Therefore, we have established a valuation allowance of $29,216 during the current quarter for a total valuation allowance of $31,691 on our deferred tax asset as of December 30, 2018 . On December 22, 2017, Tax Legislation was enacted in the United States. The Tax Legislation significantly revises the corporate income tax by, among other things, lowering corporate income tax rates, limiting various deductions, repealing the domestic manufacturing deduction, implementing a territorial tax system, and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. The impact of the Tax Legislation was a benefit to us of approximately $49 million , the majority of which was included in our prior period tax benefit. The tax benefit was primarily due to remeasurement of the U.S. deferred tax liabilities at lower enacted corporate tax rates, which did not have a cash impact on the prior period. On February 9, 2015, we entered into a Tax Matters Agreement with Orbital ATK that governs the respective rights, responsibilities and obligations of Vista Outdoor and Orbital ATK following 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 between the parties, the Tax Matters Agreement is not binding on the IRS. The allocation of tax liabilities for the period from April 1, 2014 through the date of the Spin-Off was settled on June 15, 2018. Orbital ATK paid Vista Outdoor $13,047 to settle this matter, which was reflected as an adjustment to the distribution from Vista Outdoor to Orbital ATK at the time of the Spin-Off. 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 that included Vista Outdoor. In addition, certain of our subsidiaries filed income tax returns in foreign jurisdictions. Since the Spin-Off, we file 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 2011. 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 has also completed the audit of our tax return for the period that began after the Spin-Off (February 9, 2015) and ended 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. Income taxes paid, net of refunds, totaled $3,780 and $(18,060) for the nine months ended December 30, 2018 and December 31, 2017 , respectively. Although the timing and outcome of income tax audit settlements are uncertain, it is reasonably possible that a $7,318 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 $6,565 .

Condensed Consolidating Financi

Condensed Consolidating Financial Statements	9 Months Ended
	Dec. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Financial Statements	Condensed Consolidating Financial Statements In accordance with the provisions of the 5.875% Notes, the outstanding notes are guaranteed on an unsecured basis, jointly and severally and fully and unconditionally, by substantially all of Vista Outdoor 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 and any subsidiaries of the parent company other than the subsidiary guarantors are minor. These guarantees are senior or senior subordinated obligations, as applicable, of the applicable subsidiary guarantors.

Contingencies

Contingencies	9 Months Ended
	Dec. 30, 2018
Loss Contingency [Abstract]
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 $729 and $731 as of December 30, 2018 and March 31, 2018 , 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.

Operating Segment Information

Operating Segment Information	9 Months Ended
	Dec. 30, 2018
Segment Reporting [Abstract]
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. Each segment is described below: • Outdoor Products generated approximately 50% of our external sales in the nine months ended December 30, 2018 . The Outdoor Products product lines are action sports, archery/hunting accessories, camping, 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, and game cameras. Camping products include our outdoor cooking solutions. 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 generated approximately 50% of our external sales in the nine months ended December 30, 2018 . Shooting Sports product lines include centerfire ammunition, rimfire ammunition, shotshell ammunition, reloading components, and firearms. Sales to Walmart represented 14% and 14% of our sales in the nine months ended December 30, 2018 and December 31, 2017 , respectively. No other single customer contributed 10% or more of our sales in the nine months ended December 30, 2018 and December 31, 2017 . The following summarizes our results by segment: Quarter ended Nine months ended December 30, 2018 December 31, 2017 December 30, 2018 December 31, 2017 Sales to external customers: Outdoor Products $ 226,442 $ 294,878 $ 769,687 $ 876,489 Shooting Sports 241,329 286,326 773,505 860,747 Total sales to external customers $ 467,771 $ 581,204 $ 1,543,192 $ 1,737,236 Gross Profit Outdoor Products $ 54,143 $ 74,175 $ 186,759 $ 226,293 Shooting Sports 40,095 51,986 129,577 185,645 Corporate (2 ) (56 ) (5 ) (298 ) Total gross profit $ 94,236 $ 126,105 $ 316,331 $ 411,640 The sales above exclude intercompany sales between Outdoor Products and Shooting Sports of $1,749 and $1,946 for the quarters ended December 30, 2018 and December 31, 2017 , respectively. The sales above exclude intercompany sales between Outdoor Products and Shooting Sports of $5,530 and $4,198 for the nine months ended December 30, 2018 and December 31, 2017 , respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated events as of December 30, 2018 through February 7, 2019 , the date these financial statements are issued, and has determined that there were no subsequent events that require disclosure.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 30, 2018
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements —Effective April 1, 2018, we adopted Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes existing revenue recognition requirements. We adopted this standard effective April 1, 2018 using the modified retrospective transition method. The adoption of this standard did not have a material impact on our consolidated financial statements. See Note 4 , Revenue Recognition , for our enhanced disclosures about revenue in accordance with the new standard. On February 25, 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, Leases . The new guidance was issued to increase transparency and comparability among companies by requiring most leases to be included on the balance sheet and by expanding disclosure requirements. Based on the current effective dates, the new guidance would first apply in the first quarter of our fiscal 2020. Although we expect adoption of the standard to materially increase the assets and liabilities recorded on our balance sheet, we are still evaluating the overall impact on our financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. ASU 2017-12 amends existing guidance to better align an entity’s risk management activities and financial reporting for hedging relationships. ASU 2017-12 also expands and refines hedge accounting for both nonfinancial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The standard allows for early adoption. As of September 30, 2018, we elected to early adopt this standard, which did not have a material impact on our consolidated financial statements. Other than the standards noted above and in our fiscal 2018 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 Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Dec. 30, 2018
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: December 30, 2018 March 31, 2018 Carrying Fair Carrying Fair Fixed-rate debt $ 350,000 $ 320,250 $ 350,000 $ 328,248 Variable-rate debt 409,343 409,343 576,000 576,000

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Dec. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	In computing EPS for the quarter and nine months ended December 30, 2018 and December 31, 2017 , earnings, as reported for each respective period, is divided by the number of shares below: Quarter ended Nine months ended December 30, 2018 December 31, 2017 December 30, 2018 December 31, 2017 Net income (loss) $ (514,642 ) $ 53,743 $ (599,808 ) $ (44,310 ) Weighted-average number of common shares outstanding: Basic EPS shares outstanding 57,572 57,253 57,525 57,113 Dilutive effect of stock-based awards (1) — 41 — — Diluted EPS shares outstanding 57,572 57,294 57,525 57,113 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 460 236 424 149 Earnings (loss) per common share: Basic $ (8.94 ) $ 0.94 $ (10.43 ) $ (0.78 ) Diluted $ (8.94 ) $ 0.94 $ (10.43 ) $ (0.78 ) (1) Due to the loss from continuing operations in the quarter and nine months ended December 30, 2018 and the nine months ended December 31, 2017 , there are no common shares added to calculate dilutive EPS because the effect would be antidilutive.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Dec. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate our net sales by major category: Quarter ended December 30, 2018 Quarter ended December 31, 2017 Outdoor Products Shooting Sports Total Outdoor Products Shooting Sports Total Ammunition $ — $ 197,554 $ 197,554 $ — $ 238,858 $ 238,858 Firearms — 43,775 43,775 — 47,468 47,468 Hunting and Shooting Accessories 109,287 — 109,287 122,215 — 122,215 Action Sports 73,682 — 73,682 79,301 — 79,301 Outdoor Recreation 43,473 — 43,473 48,489 — 48,489 Eyewear — — — 44,873 — 44,873 Total $ 226,442 $ 241,329 $ 467,771 $ 294,878 $ 286,326 $ 581,204 Geographic Region United States $ 160,582 $ 208,541 $ 369,123 $ 190,265 $ 246,981 $ 437,246 Rest of the World 65,860 32,788 98,648 104,613 39,345 143,958 Total $ 226,442 $ 241,329 $ 467,771 $ 294,878 $ 286,326 $ 581,204 Nine months ended December 30, 2018 Nine months ended December 31, 2017 Outdoor Products Shooting Sports Total Outdoor Products Shooting Sports Total Ammunition $ — $ 639,158 $ 639,158 $ — $ 733,631 $ 733,631 Firearms — 134,347 134,347 — 127,116 127,116 Hunting and Shooting Accessories 327,211 — 327,211 355,336 — 355,336 Action Sports 230,117 — 230,117 236,908 — 236,908 Outdoor Recreation 160,500 — 160,500 166,999 — 166,999 Eyewear 51,859 — 51,859 117,246 — 117,246 Total $ 769,687 $ 773,505 $ 1,543,192 $ 876,489 $ 860,747 $ 1,737,236 Geographic Region United States $ 541,646 $ 679,144 $ 1,220,790 $ 577,416 $ 745,770 $ 1,323,186 Rest of the World 228,041 94,361 322,402 299,073 114,977 414,050 Total $ 769,687 $ 773,505 $ 1,543,192 $ 876,489 $ 860,747 $ 1,737,236

Assets and Liabilities Held f_2

Assets and Liabilities Held for Sale (Tables)	9 Months Ended
	Dec. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table presents information related to the assets and liabilities of the firearms business that was classified as held for sale at December 30, 2018 : Assets and Liabilities Held for Sale (Amounts in thousands except share data) December 30, 2018 Assets Net receivables $ 44,880 Net inventories 37,048 Other current assets 1,344 Net property, plant, and equipment 34,591 Goodwill 121,463 Net intangible assets 79,810 Deferred charges and other noncurrent assets 1,528 Total assets held for sale $ 320,664 Liabilities Accounts payable $ 9,614 Accrued compensation 1,878 Accrued income taxes 465 Federal excise tax 4,228 Other current liabilities 2,898 Deferred tax liabilities 21,509 Total liabilities held for sale $ 40,592 Total net assets held for sale $ 280,072 Total net assets held for sale $ 280,072 Currency translation adjustment attributable to firearms business 3,782 Total net assets including currency translation adjustment 283,854 Estimated fair value less costs to sell (200,000 ) Impairment of held-for-sale assets $ 83,854 Total assets held for sale $ 320,664 Impairment of held-for-sale assets (83,854 ) Adjusted assets held for sale $ 236,810

Receivables (Tables)

Receivables (Tables)	9 Months Ended
	Dec. 30, 2018
Receivables [Abstract]
Schedule of receivables, including amounts due under long-term contracts (contract receivables)	Net receivables are summarized as follows: December 30, 2018 March 31, 2018 Trade receivables $ 337,546 $ 453,939 Other receivables 21,139 4,017 Less: allowance for doubtful accounts and discounts (18,669 ) (36,193 ) Net receivables $ 340,016 $ 421,763

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Dec. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Net inventories consist of the following: December 30, 2018 March 31, 2018 Raw materials $ 91,089 $ 88,588 Work in process 38,682 40,812 Finished goods 295,702 252,878 Net inventories $ 425,473 $ 382,278

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (AOCL) (Tables)	9 Months Ended
	Dec. 30, 2018
Equity [Abstract]
Schedule of components of AOCL, net of income taxes	The components of AOCL, net of income taxes, are as follows: December 30, 2018 March 31, 2018 Pension and other postretirement benefits $ (65,207 ) $ (66,656 ) Derivatives 1,161 1,904 Cumulative translation adjustment (9,952 ) (39,544 ) Total AOCL $ (73,998 ) $ (104,296 )
Schedule of changes in balance of AOCL, net of income taxes	The following tables summarize the changes in the balance of AOCL, net of income tax: Quarter ended December 30, 2018 Nine months ended December 30, 2018 Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits Cumulative translation adjustment Total Beginning balance in AOCL $ 1,440 $ (65,690 ) $ (10,028 ) $ (74,278 ) $ 1,904 $ (66,656 ) $ (39,544 ) $ (104,296 ) Net actuarial losses reclassified from AOCL (1) — 543 — 543 — 1,629 — 1,629 Prior service costs reclassified from AOCL (1) — (60 ) — (60 ) — (180 ) — (180 ) Net increase in fair value of derivatives (279 ) — — (279 ) (743 ) — — (743 ) Net change in cumulative translation adjustment — — 76 76 — — 29,592 29,592 Ending balance in AOCL $ 1,161 $ (65,207 ) $ (9,952 ) $ (73,998 ) $ 1,161 $ (65,207 ) $ (9,952 ) $ (73,998 ) (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. Quarter ended December 31, 2017 Nine months ended December 31, 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 $ (55,632 ) $ (40,391 ) $ (96,000 ) $ — $ (56,929 ) $ (56,063 ) $ (112,992 ) Net actuarial losses reclassified from AOCL (1) — 472 — 472 — 2,087 — 2,087 Prior service costs reclassified from AOCL (1) — (49 ) — (49 ) — (372 ) — (372 ) Valuation adjustment for pension and postretirement benefit plans (2) — (1,202 ) — (1,202 ) — (1,197 ) — (1,197 ) Net increase in fair value of derivatives 785 — — 785 808 — — 808 Net change in cumulative translation adjustment — — 791 791 — — 16,463 16,463 Ending balance in AOCL $ 808 $ (56,411 ) $ (39,600 ) $ (95,203 ) $ 808 $ (56,411 ) $ (39,600 ) $ (95,203 ) (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 14 , Employee Benefit Plans , for a description of the pension curtailment gain recognized in the quarter ended July 2, 2017.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Dec. 30, 2018
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, 2018 $ 452,627 $ 204,909 $ 657,536 Impairment (327,772 ) — (327,772 ) Effect of foreign currency exchange rates — (279 ) (279 ) Held for sale — (121,463 ) (121,463 ) Divestitures (3,526 ) — (3,526 ) Balance, December 30, 2018 $ 121,329 $ 83,167 $ 204,496
Schedule of net intangibles	Net intangible assets other than goodwill consisted of the following: December 30, 2018 March 31, 2018 Gross Accumulated Total Gross Accumulated Total Trade names $ 48,360 $ (9,761 ) $ 38,599 $ 62,657 $ (11,993 ) $ 50,664 Patented technology 16,612 (9,364 ) 7,248 16,466 (8,157 ) 8,309 Customer relationships and other 240,112 (66,707 ) 173,405 318,476 (91,093 ) 227,383 Total 305,084 (85,832 ) 219,252 397,599 (111,243 ) 286,356 Non-amortizing trade names 145,364 — 145,364 305,923 — 305,923 Net intangible assets $ 450,448 $ (85,832 ) $ 364,616 $ 703,522 $ (111,243 ) $ 592,279
Schedule of expected future amortization expense	As of December 30, 2018 , we expect amortization expense related to these assets to be as follows: Remainder of fiscal 2019 $ 4,652 Fiscal 2020 20,071 Fiscal 2021 20,047 Fiscal 2022 19,992 Fiscal 2023 19,877 Thereafter 134,613 Total $ 219,252

Other Current and Non-current_2

Other Current and Non-current Liabilities (Tables)	9 Months Ended
	Dec. 30, 2018
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: December 30, 2018 March 31, 2018 Other current liabilities: Accrual for in-transit inventory $ 32,551 $ 29,200 Rebate accrual 20,086 14,827 Other 72,793 53,420 Total other current liabilities $ 125,430 $ 97,447 Other non-current liabilities: Non-current portion of accrued income tax liability $ 36,657 $ 34,716 Other 26,362 29,619 Total other non-current liabilities $ 63,019 $ 64,335
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 periods presented: Balance, March 31, 2018 $ 10,247 Payments made (3,106 ) Warranties issued 3,815 Other adjustments (1,813 ) Changes related to pre-existing warranties (202 ) Balance, December 30, 2018 $ 8,941

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Dec. 30, 2018
Debt Disclosure [Abstract]
Schedule of long-term debt, including the current portion	Long-term debt, including the current portion, consisted of the following: December 30, 2018 March 31, 2018 Credit Agreements due 2023: Revolving Credit Facility $ 260,000 $ — Term Loan 109,343 — Credit Agreement due 2021: Term Loan — 576,000 Revolving Credit Facility — — Total principal amount of Credit Agreements 369,343 576,000 Junior Term Loan 40,000 — 5.875% Senior Notes 350,000 350,000 Principal amount of long-term debt 759,343 926,000 Less: unamortized deferred financing costs (10,414 ) (10,601 ) Carrying amount of long-term debt 748,929 915,399 Less: current portion (19,335 ) (32,000 ) Carrying amount of long-term debt, excluding current portion $ 729,594 $ 883,399
Schedule of Interest Rate Derivatives	As of December 30, 2018 , 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 $ 576 1.519% 2.345% June 2019 Non-amortizing swap 100,000 1,321 1.629% 2.345% June 2020

Operating Segment Information (

Operating Segment Information (Tables)	9 Months Ended
	Dec. 30, 2018
Segment Reporting [Abstract]
Summary Results by Segment	The following summarizes our results by segment: Quarter ended Nine months ended December 30, 2018 December 31, 2017 December 30, 2018 December 31, 2017 Sales to external customers: Outdoor Products $ 226,442 $ 294,878 $ 769,687 $ 876,489 Shooting Sports 241,329 286,326 773,505 860,747 Total sales to external customers $ 467,771 $ 581,204 $ 1,543,192 $ 1,737,236 Gross Profit Outdoor Products $ 54,143 $ 74,175 $ 186,759 $ 226,293 Shooting Sports 40,095 51,986 129,577 185,645 Corporate (2 ) (56 ) (5 ) (298 ) Total gross profit $ 94,236 $ 126,105 $ 316,331 $ 411,640

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) $ in Thousands	Sep. 01, 2016USD ($)installment	Dec. 30, 2018USD ($)	Mar. 31, 2018USD ($)
Assets and liabilities that are not measured on a recurring basis
Contingent consideration, liability, measurement period	3 years
Contingent consideration, liability, number of installments | installment	3
Recognized Loss on Sublease Execution Agreement		$ 2,340
Impairment of Long-Lived Assets Held-for-use		5,317
Fair value of assets and liabilities that are not measured on a recurring basis | Carrying amount
Assets and liabilities that are not measured on a recurring basis
Fixed-rate debt		350,000	$ 350,000
Variable-rate debt		409,343	576,000
Fair value of assets and liabilities that are not measured on a recurring basis | Fair value
Assets and liabilities that are not measured on a recurring basis
Fixed-rate debt		320,250	328,248
Variable-rate debt		409,343	$ 576,000
Camp Chef
Assets and liabilities that are not measured on a recurring basis
Contingent consideration, liability	$ 10,000
Change in amount of contingent consideration, liability		$ 3,371

Significant Accounting Polici_3

Significant Accounting Policies (Details)	9 Months Ended
	Dec. 30, 2018segmentlocation
Accounting Policies [Abstract]
Number of operating segments | segment	2
Number of states in which the entity operates | location	18

Derivative Financial Instrume_2

Derivative Financial Instruments (Details) lb in Millions	9 Months Ended
	Dec. 30, 2018lb
Lead Forward Contract
Derivative [Line Items]
Derivative, notional amount, mass	9

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Net income (loss)	$ (514,642)	$ 53,743	$ (599,808)	$ (44,310)
Basic EPS shares outstanding (in shares)	57,572	57,253	57,525	57,113
Dilutive effect of stock-based awards (in shares)	0	41	0	0
Diluted EPS shares outstanding (in shares)	57,572	57,294	57,525	57,113
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 (in shares)	460	236	424	149
Basic (in dollars per share)	$ (8.94)	$ 0.94	$ (10.43)	$ (0.78)
Diluted (in dollars per share)	$ (8.94)	$ 0.94	$ (10.43)	$ (0.78)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Sales, net	$ 467,771	$ 581,204	$ 1,543,192	$ 1,737,236
Major customer			Walmart
Minimum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms			30 days
Maximum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms			60 days
Sales Revenue, Net | Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percentage			14.00%	14.00%
United States
Disaggregation of Revenue [Line Items]
Sales, net	369,123	437,246	$ 1,220,790	$ 1,323,186
Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	98,648	143,958	322,402	414,050
Ammunition
Disaggregation of Revenue [Line Items]
Sales, net	197,554	238,858	639,158	733,631
Firearms
Disaggregation of Revenue [Line Items]
Sales, net	43,775	47,468	134,347	127,116
Hunting and Shooting Accessories
Disaggregation of Revenue [Line Items]
Sales, net	109,287	122,215	327,211	355,336
Action Sports
Disaggregation of Revenue [Line Items]
Sales, net	73,682	79,301	230,117	236,908
Outdoor Recreation
Disaggregation of Revenue [Line Items]
Sales, net	43,473	48,489	160,500	166,999
Eyewear
Disaggregation of Revenue [Line Items]
Sales, net	0	44,873	51,859	117,246
Outdoor Products
Disaggregation of Revenue [Line Items]
Sales, net	226,442	294,878	769,687	876,489
Outdoor Products | United States
Disaggregation of Revenue [Line Items]
Sales, net	160,582	190,265	541,646	577,416
Outdoor Products | Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	65,860	104,613	228,041	299,073
Outdoor Products | Ammunition
Disaggregation of Revenue [Line Items]
Sales, net	0	0	0	0
Outdoor Products | Firearms
Disaggregation of Revenue [Line Items]
Sales, net	0	0	0	0
Outdoor Products | Hunting and Shooting Accessories
Disaggregation of Revenue [Line Items]
Sales, net	109,287	122,215	327,211	355,336
Outdoor Products | Action Sports
Disaggregation of Revenue [Line Items]
Sales, net	73,682	79,301	230,117	236,908
Outdoor Products | Outdoor Recreation
Disaggregation of Revenue [Line Items]
Sales, net	43,473	48,489	160,500	166,999
Outdoor Products | Eyewear
Disaggregation of Revenue [Line Items]
Sales, net	0	44,873	51,859	117,246
Shooting Sports
Disaggregation of Revenue [Line Items]
Sales, net	241,329	286,326	773,505	860,747
Shooting Sports | United States
Disaggregation of Revenue [Line Items]
Sales, net	208,541	246,981	679,144	745,770
Shooting Sports | Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	32,788	39,345	94,361	114,977
Shooting Sports | Ammunition
Disaggregation of Revenue [Line Items]
Sales, net	197,554	238,858	639,158	733,631
Shooting Sports | Firearms
Disaggregation of Revenue [Line Items]
Sales, net	43,775	47,468	134,347	127,116
Shooting Sports | Hunting and Shooting Accessories
Disaggregation of Revenue [Line Items]
Sales, net	0	0	0	0
Shooting Sports | Action Sports
Disaggregation of Revenue [Line Items]
Sales, net	0	0	0	0
Shooting Sports | Outdoor Recreation
Disaggregation of Revenue [Line Items]
Sales, net	0	0	0	0
Shooting Sports | Eyewear
Disaggregation of Revenue [Line Items]
Sales, net	$ 0	$ 0	$ 0	$ 0

Assets and Liabilities Held f_3

Assets and Liabilities Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017	Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of held-for-sale assets	$ 83,854	$ 0	$ 128,775	$ 0
Total assets held for sale	236,810		236,810		$ 200,440
Total liabilities held for sale	40,592		40,592		$ 42,177
Impairment of held-for-sale assets	83,854	0	128,775	0
Firearm Business | Disposal Group, Held-for-sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture	210,000		210,000
Impairment of held-for-sale assets			83,854
Earnings before taxes for disposal group held for sale	6,461	$ 4,491	15,749	$ 10,378
Net receivables	44,880		44,880
Net inventories	37,048		37,048
Other current assets	1,344		1,344
Net property, plant, and equipment	34,591		34,591
Goodwill	121,463		121,463
Net intangible assets	79,810		79,810
Deferred charges and other noncurrent assets	1,528		1,528
Total assets held for sale	320,664		320,664
Accounts payable	9,614		9,614
Accrued compensation	1,878		1,878
Accrued income taxes	465		465
Federal excise tax	4,228		4,228
Other current liabilities	2,898		2,898
Deferred tax liabilities	21,509		21,509
Total liabilities held for sale	40,592		40,592
Total net assets held for sale	280,072		280,072
Currency translation adjustment attributable to firearms business	3,782		3,782
Total net assets including currency translation adjustment	283,854		283,854
Estimated fair value less costs to sell	(200,000)		(200,000)
Impairment of held-for-sale assets			83,854
Adjusted assets held for sale	$ 236,810		$ 236,810

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Dec. 30, 2018	Sep. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of Eyewear business				$ 151,595	$ 0
Loss on disposal				(4,925)	0
Impairment of held-for-sale assets	$ 83,854		$ 0	128,775	$ 0
Eyewear Brands [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of Eyewear business		$ 158,000
Loss on disposal				(4,925)
Impairment of held-for-sale assets				$ 44,921

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 30, 2018	Mar. 31, 2018
Receivables [Abstract]
Trade receivables	$ 337,546	$ 453,939
Other receivables	21,139	4,017
Less: allowance for doubtful accounts and discounts	(18,669)	(36,193)
Net receivables	$ 340,016	$ 421,763
Walmart [Member] | Accounts Receivable | Credit Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	21.00%	14.00%
Amazon [Member] [Member] | Accounts Receivable | Credit Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	13.00%

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Mar. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 91,089	$ 88,588
Work in process	38,682	40,812
Finished goods	295,702	252,878
Net inventories	425,473	382,278
Long-term inventories	$ 15,989	$ 24,040

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (AOCL) (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Oct. 01, 2017	Mar. 31, 2017
Equity [Abstract]
Pension and other postretirement benefits	$ 65,207		$ 66,656
Derivatives	1,161	$ 1,440	1,904	$ 808	$ 23	$ 0
Cumulative translation adjustment	(9,952)		(39,544)
Total AOCL	$ (73,998)	$ (74,278)	$ (104,296)	$ (95,203)	$ (96,000)	$ (112,992)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (AOCL) (Changes in the Balance of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017	Sep. 30, 2018	Mar. 31, 2018	Oct. 01, 2017	Mar. 31, 2017
Accumulated Other Comprehensive Income Loss [Line Items]
Derivatives	$ 1,161	$ 808	$ 1,161	$ 808	$ 1,440	$ 1,904	$ 23	$ 0
Pension and other postretirement benefits	(65,207)		(65,207)			(66,656)
Cumulative translation adjustment	(9,952)		(9,952)			(39,544)
Total AOCL	(73,998)	(95,203)	(73,998)	(95,203)	(74,278)	(104,296)	(96,000)	(112,992)
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense of $(172) and $(281) for the quarter ended, respectively; and, $(516) and $(1,240) for the nine months ended, respectively.	543	472	1,629	2,087
Net actuarial losses reclassified from AOCL	543	472	1,629	2,087
Prior service costs reclassified from AOCL	(60)	(49)	(180)	(372)
Valuation adjustment for pension and postretirement benefit plans	0	(1,202)	0	(1,197)
Net increase in fair value of derivatives	(279)	785	(743)	808
Net increase in fair value of derivatives	(279)	785	(743)	808
Net change in cumulative translation adjustment	76	791	29,592	16,463
Pension and Other Postretirement Benefits Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Pension and other postretirement benefits	(65,207)	56,411	(65,207)	56,411	(65,690)	(66,656)	(55,632)	(56,929)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Cumulative translation adjustment	$ (9,952)	$ (39,600)	$ (9,952)	$ (39,600)	$ (10,028)	$ (39,544)	$ (40,391)	$ (56,063)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Dec. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2015USD ($)
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles impairment	$ 432,612	$ 23,411	$ 0	$ 456,023	$ 152,320
Goodwill, impairment loss				327,772
Goodwill	$ 204,496			204,496		$ 657,536
Acquired finite-lived intangible assets, weighted average useful life	12 years 5 months 23 days
Amortization expense	$ 5,664		$ 8,400	19,284	$ 26,653
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets, indefinite-lived (excluding goodwill)				101,623		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, impaired, accumulated impairment loss	872,878			872,878		143,400	$ 401,706
Goodwill and intangibles impairment				26,628
Goodwill, impairment loss	327,772			327,772
Goodwill	121,329			121,329		452,627
Impairment of intangible assets, finite-lived	3,217
Shooting Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill, impairment loss				0
Goodwill	83,167			83,167		$ 204,909
Hunting and Shooting Accessories, Outdoor Recreation, and Action Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles impairment	429,395
Hunting and Shooting Accessories
Indefinite-lived Intangible Assets [Line Items]
Goodwill, impairment loss	38,386
Hunting and Shooting Accessories | Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets, finite-lived	36,223
Outdoor Recreation
Indefinite-lived Intangible Assets [Line Items]
Goodwill, impairment loss	129,470
Goodwill	121,329			$ 121,329
Outdoor Recreation | Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets, finite-lived	43,400
Action Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill, impairment loss	159,916
Action Sports | Trade Names
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets, finite-lived	$ 22,000
Measurement Input, Royalty Rate | Outdoor Recreation
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.020			0.020
Valuation, Income Approach | Measurement Input, Discount Rate | Hunting and Shooting Accessories
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.09			0.09
Valuation, Income Approach | Measurement Input, Discount Rate | Outdoor Recreation
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.09			0.09
Valuation, Income Approach | Measurement Input, Discount Rate | Action Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.03			0.03
Valuation, Income Approach | Measurement Input, Terminal Growth Rate | Hunting and Shooting Accessories
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.03			0.03
Valuation, Income Approach | Measurement Input, Terminal Growth Rate | Outdoor Recreation
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.03			0.03
Valuation, Income Approach | Measurement Input, Terminal Growth Rate | Action Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.09			0.09
Minimum | Measurement Input, Royalty Rate | Hunting and Shooting Accessories
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.010			0.010
Minimum | Measurement Input, Royalty Rate | Action Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.010			0.010
Maximum | Measurement Input, Royalty Rate | Hunting and Shooting Accessories
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.020			0.020
Maximum | Measurement Input, Royalty Rate | Action Sports
Indefinite-lived Intangible Assets [Line Items]
Goodwill and intangibles, measurement input	0.015			0.015

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Goodwill Rollforward) (Details) $ in Thousands	9 Months Ended
	Dec. 30, 2018USD ($)
Goodwill [Line Items]
Goodwill, Foreign Currency Translation Gain (Loss)	$ (279)
Goodwill, Other Increase (Decrease)	(121,463)
Goodwill, Written off Related to Sale of Business Unit	3,526
Outdoor Products
Goodwill [Line Items]
Goodwill, Foreign Currency Translation Gain (Loss)	0
Goodwill, Other Increase (Decrease)	0
Goodwill, Written off Related to Sale of Business Unit	3,526
Shooting Sports
Goodwill [Line Items]
Goodwill, Foreign Currency Translation Gain (Loss)	(279)
Goodwill, Other Increase (Decrease)	(121,463)
Goodwill, Written off Related to Sale of Business Unit	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Schedule of Net Intangible Assets) (Details) $ in Thousands	9 Months Ended
	Dec. 30, 2018USD ($)	Mar. 31, 2018USD ($)
Amortizing assets
Gross carrying amount	$ 305,084	$ 397,599
Accumulated amortization	(85,832)	(111,243)
Total	219,252	286,356
Intangible assets, gross	450,448	703,522
Net intangible assets	364,616	592,279
Goodwill [Roll Forward]
Balance, March 31, 2018	657,536
Goodwill, Impairment Loss	327,772
Effect of foreign currency exchange rates	(279)
Held for sale	(121,463)
Divestitures	3,526
Balance, December 30, 2018	204,496
Non-amortizing trade names
Amortizing assets
Non-amortizing trade names	145,364	305,923
Trade names
Amortizing assets
Gross carrying amount	48,360	62,657
Accumulated amortization	(9,761)	(11,993)
Total	38,599	50,664
Patented technology
Amortizing assets
Gross carrying amount	16,612	16,466
Accumulated amortization	(9,364)	(8,157)
Total	7,248	8,309
Customer relationships and other
Amortizing assets
Gross carrying amount	240,112	318,476
Accumulated amortization	(66,707)	(91,093)
Total	$ 173,405	$ 227,383

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal 2019	$ 4,652
Fiscal 2,020	20,071
Fiscal 2,021	20,047
Fiscal 2,022	19,992
Fiscal 2,023	19,877
Thereafter	134,613
Total	$ 219,252	$ 286,356

Other Current and Non-current_3

Other Current and Non-current Liabilities (Components of Current and Non-current Liabilities) (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Mar. 31, 2018
Other Liabilities Disclosure [Abstract]
Accrual for in-transit inventory	$ 32,551	$ 29,200
Rebate accrual	20,086	14,827
Other	72,793	53,420
Total other current liabilities	125,430	97,447
Non-current portion of accrued income tax liability	36,657	34,716
Other	26,362	29,619
Total other non-current liabilities	$ 63,019	$ 64,335

Other Current and Non-current_4

Other Current and Non-current Liabilities (Product Warranty Rollforward) (Details) $ in Thousands	9 Months Ended
	Dec. 30, 2018USD ($)
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance, March 31, 2018	$ 10,247
Payments made	(3,106)
Warranties issued	3,815
Other adjustments	(1,813)
Changes related to pre-existing warranties	(202)
Balance, December 30, 2018	$ 8,941

Long-term Debt (Components of L

Long-term Debt (Components of Long-term Debt) (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Mar. 31, 2018	Aug. 11, 2015
Long-Term Debt
Principal amount of long-term debt	$ 759,343	$ 926,000
Less: unamortized deferred financing costs	(10,414)	(10,601)
Carrying amount of long-term debt	748,929	915,399
Less: current portion	(19,335)	(32,000)
Carrying amount of long-term debt, excluding current portion	729,594	883,399
Credit Agreement
Long-Term Debt
Principal amount of long-term debt	369,343	576,000
Line of Credit Due 2023
Long-Term Debt
Principal amount of long-term debt	260,000	0
Term Loan Due 2023
Long-Term Debt
Principal amount of long-term debt	109,343	0
Term A Loan due 2021
Long-Term Debt
Principal amount of long-term debt	0	576,000
Line of Credit due 2021
Long-Term Debt
Principal amount of long-term debt	0	0
Junior Term Loan
Long-Term Debt
Principal amount of long-term debt	40,000	0
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	Nov. 19, 2018	Dec. 30, 2018	Dec. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Apr. 01, 2016	Aug. 11, 2015
Long-Term Debt
Principal amount of long-term debt		$ 759,343	$ 759,343	$ 926,000
Letters of credit outstanding, amount		23,007	23,007
Line of credit facility, remaining borrowing capacity		150,669	150,669
Long-term debt		748,929	748,929	915,399
Amended and Restated Credit Agreement
Long-Term Debt
Deferred finance costs gross, accordion feature		500	500
Credit Agreement
Long-Term Debt
Unamortized debt issuance costs		11,000	11,000
Term Loan A | Amended and Restated Credit Agreement
Long-Term Debt
Debt Instrument, Face Amount						$ 400,000
Term Loan Due 2023
Long-Term Debt
Debt Instrument, Face Amount	$ 109,343
Principal amount of long-term debt		109,343	109,343	0
Debt instrument, periodic payment, principal			4,834
Junior Term Loan
Long-Term Debt
Debt Instrument, Face Amount	40,000
Principal amount of long-term debt		40,000	40,000	0
Line of Credit Due 2023
Long-Term Debt
Principal amount of long-term debt		260,000	260,000	0
5.875% notes
Long-Term Debt
Principal amount of long-term debt		350,000	350,000	350,000
Long-term debt, percentage bearing fixed interest, percentage rate							5.875%
Deferred finance costs gross, accordion feature					$ 4,300
Long-term debt							$ 350,000
Term A Loan due 2021
Long-Term Debt
Principal amount of long-term debt		$ 0	$ 0	576,000
Weighted average interest rate (as a percent)		5.63%	5.63%
Deferred finance costs gross, accordion feature		$ 2,404	$ 2,404
Line of Credit due 2021
Long-Term Debt
Principal amount of long-term debt		$ 0	0	0
Annual commitment fee on the unused portion (as a percent)		0.25%
Credit Agreement
Long-Term Debt
Principal amount of long-term debt		$ 369,343	369,343	$ 576,000
Revolving Credit Facility | Amended and Restated Credit Agreement
Long-Term Debt
Debt Instrument, Face Amount						$ 200,000
Revolving Credit Facility | New Credit Facilities
Long-Term Debt
Debt Instrument, Face Amount	450,000
First-in, Last-out, Revolving Credit Facility | ABL Revolving Credit Facility
Long-Term Debt
Debt Instrument, Face Amount	$ 20,000
Debt instrument, periodic payment, principal			$ 1,667
Basis spread on variable rate margin (as a percent)	1.00%
Non-First-in, Last-out, Revolving Credit Facility | ABL Revolving Credit Facility
Long-Term Debt
Debt Instrument, Face Amount	$ 430,000
Minimum | Term Loan Due 2023 | Base Rate
Long-Term Debt
Basis spread on variable rate margin (as a percent)			2.75%
Minimum | Term Loan Due 2023 | LIBOR
Long-Term Debt
Basis spread on variable rate margin (as a percent)			3.75%
Minimum | Junior Term Loan | Base Rate
Long-Term Debt
Basis spread on variable rate margin (as a percent)			7.00%
Minimum | Junior Term Loan | LIBOR
Long-Term Debt
Basis spread on variable rate margin (as a percent)			8.00%
Minimum | First-in, Last-out, Revolving Credit Facility | Base Rate | ABL Revolving Credit Facility
Long-Term Debt
Basis spread on variable rate margin (as a percent)			2.25%
Minimum | First-in, Last-out, Revolving Credit Facility | LIBOR | ABL Revolving Credit Facility
Long-Term Debt
Basis spread on variable rate margin (as a percent)			3.25%
Minimum | Non-First-in, Last-out, Revolving Credit Facility | Base Rate | ABL Revolving Credit Facility
Long-Term Debt
Basis spread on variable rate margin (as a percent)	0.75%		1.25%
Minimum | Non-First-in, Last-out, Revolving Credit Facility | LIBOR | ABL Revolving Credit Facility
Long-Term Debt
Basis spread on variable rate margin (as a percent)	1.75%		2.25%
Maximum | Non-First-in, Last-out, Revolving Credit Facility | Base Rate | ABL Revolving Credit Facility
Long-Term Debt
Basis spread on variable rate margin (as a percent)	1.25%
Maximum | Non-First-in, Last-out, Revolving Credit Facility | LIBOR | ABL Revolving Credit Facility
Long-Term Debt
Basis spread on variable rate margin (as a percent)	2.25%

Long-term Debt (Narrative - 5.8

Long-term Debt (Narrative - 5.875% Notes) (Details) - USD ($)	Aug. 11, 2015	Dec. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt		$ 748,929,000	$ 915,399,000
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 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	Dec. 30, 2018USD ($)
Interest Rate Swap Maturing June 2019
Derivative [Line Items]
Notional	$ 100,000,000
Fair Value	$ 576,000
Pay Fixed	1.519%
Receive Floating	2.345%
Interest Rate Swap Maturing June 2020
Derivative [Line Items]
Notional	$ 100,000,000
Fair Value	$ 1,321,000
Pay Fixed	1.629%
Receive Floating	2.345%

Long-term Debt (Narrative - Cas

Long-term Debt (Narrative - Cash Paid for Interest on Debt) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Interest paid, including capitalized interest	$ 15,108	$ 16,834	$ 29,646	$ 39,722

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	3 Months Ended			9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Jul. 02, 2017	Dec. 30, 2018	Dec. 31, 2017
Defined Benefit Plans
Defined benefit plan, net periodic benefit cost (credit)	$ (186,000)	$ 0		$ (556,000)	$ 1,506,000
Pension curtailment gain			$ 5,783,000
Pension Plan
Defined Benefit Plans
Contribution by employer					8,800,000
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plans
Contribution by employer				0	0
Supplemental Employee Retirement Plan
Defined Benefit Plans
Distributions by employer				$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Dec. 30, 2018	Jul. 01, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax provision (as a percent)	3.40%		(725.30%)	4.30%	58.30%
Estimated income tax benefit arising from recent tax reform legislation	$ 49,000			$ 49,000
Settlement from former parent		$ (13,047)		(13,047)	$ 0
Income Taxes Paid, Net				3,780	$ (18,060)
Potential reduction of uncertain tax benefits over the next 12 months from audit settlements	7,318			7,318
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	$ 6,565			$ 6,565

Condensed Consolidating Finan_2

Condensed Consolidating Financial Statements (Details)	Dec. 30, 2018
5.875% notes
Debt Instrument [Line Items]
Debt instrument, interest rate	5.875%

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	Dec. 30, 2018	Mar. 31, 2018
Loss Contingency [Abstract]
Accrual for environmental loss contingencies	$ 729	$ 731

Operating Segment Information_2

Operating Segment Information (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 30, 2018USD ($)segment	Dec. 31, 2017USD ($)
Revenue, Major Customer [Line Items]
Number of operating segments | segment			2
Major customer			Walmart
Segment Reporting Information, Intersegment Revenue | $	$ 1,749	$ 1,946	$ 5,530	$ 4,198
Sales Revenue, Net | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk, percentage			14.00%	14.00%
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 Information_3

Operating Segment Information (Schedule of Results by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2018	Dec. 31, 2017	Dec. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Sales, net	$ 467,771	$ 581,204	$ 1,543,192	$ 1,737,236
Gross profit	(94,236)	(126,105)	(316,331)	(411,640)
Corporate
Segment Reporting Information [Line Items]
Gross profit	2	56	5	298
Outdoor Products
Segment Reporting Information [Line Items]
Sales, net	226,442	294,878	769,687	876,489
Outdoor Products | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	226,442	294,878	769,687	876,489
Gross profit	(54,143)	(74,175)	(186,759)	(226,293)
Shooting Sports
Segment Reporting Information [Line Items]
Sales, net	241,329	286,326	773,505	860,747
Shooting Sports | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	241,329	286,326	773,505	860,747
Gross profit	$ (40,095)	$ (51,986)	$ (129,577)	$ (185,645)