Vista Outdoor (GEAR) 10-Q 4 Nov 21 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Sep. 26, 2021	Nov. 01, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 26, 2021
Document Transition Report	false
Entity File Number	1-36597
Entity Registrant Name	Vista Outdoor Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1016855
Entity Address, Address Line One	1 Vista Way
Entity Address, City or Town	Anoka
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55303
City Area Code	763
Local Phone Number	433-1000
Title of 12(b) Security	Common Stock, par value $.01
Trading Symbol	VSTO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		57,296,059
Entity Central Index Key	0001616318
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Current assets:
Cash and cash equivalents	$ 265,301	$ 243,265
Net receivables	414,587	301,575
Net inventories	561,506	454,504
Income tax receivable	10,898	37,870
Other current assets	40,314	27,018
Total current assets	1,292,606	1,064,232
Net property, plant, and equipment	190,733	197,531
Operating lease assets	74,384	72,400
Goodwill	97,773	86,082
Net intangible assets	324,115	314,955
Deferred charges and other non-current assets, net	38,346	29,739
Total assets	2,017,957	1,764,939
Current liabilities:
Accounts payable	180,867	163,839
Accrued compensation	54,962	63,318
Federal excise, use, and other taxes	32,616	23,092
Other current liabilities	126,748	120,568
Total current liabilities	395,193	370,817
Long-term debt	495,841	495,564
Deferred income tax liabilities	12,891	8,235
Long-term operating lease liabilities	78,126	77,375
Accrued pension and postemployment benefits	30,306	33,503
Other long-term liabilities	70,587	42,448
Total liabilities	1,082,944	1,027,942
Commitments and contingencies (Notes 3, 13, and 16)
Issued and outstanding — 57,288,160 shares as of September 26, 2021 and 58,561,016 shares as of March 31, 2021	573	585
Additional paid-in capital	1,731,665	1,731,479
Accumulated deficit	(451,771)	(694,036)
Accumulated other comprehensive loss	(82,267)	(83,195)
Common stock in treasury, at cost — 6,676,279 shares held as of September 26, 2021 and 5,403,423 shares held as of March 31, 2021	(263,187)	(217,836)
Total stockholders' equity	935,013	736,997
Total liabilities and stockholders' equity	$ 2,017,957	$ 1,764,939

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares	Sep. 26, 2021	Mar. 31, 2021
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)	57,288,160	58,561,016
Common stock, outstanding (in shares)	57,288,160	58,561,016
Common stock in treasury (in shares)	6,676,279	5,403,423

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Income Statement [Abstract]
Sales, net	$ 778,460	$ 575,179	$ 1,441,372	$ 1,054,319
Cost of sales	479,539	413,289	901,024	767,061
Gross profit	298,921	161,890	540,348	287,258
Operating expenses:
Research and development	6,440	5,362	12,308	10,372
Selling, general, and administrative	101,742	81,272	193,645	153,587
Earnings before interest and income taxes	190,739	75,256	334,395	123,299
Interest expense, net	(5,929)	(5,715)	(11,607)	(12,133)
Earnings before income taxes	184,810	69,541	322,788	111,166
Income tax provision	(45,270)	10,104	(80,523)	8,955
Net income	$ 139,540	$ 79,645	$ 242,265	$ 120,121
Earnings per common share:
Basic (in dollars per share)	$ 2.43	$ 1.37	$ 4.20	$ 2.07
Diluted (in dollars per share)	$ 2.36	$ 1.34	$ 4.07	$ 2.03
Weighted-average number of common shares outstanding:
Basic (in shares)	57,353	58,193	57,732	58,124
Diluted (in shares)	59,216	59,314	59,577	59,066
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 $31 and $54, for the three and six months ended September 26, 2021, respectively, and $0 and $0 for the three and six months ended September 27, 2020, respectively	$ (95)	$ (79)	$ (167)	$ (157)
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense of $(260) and $(519) for the three and six months ended September 26, 2021, respectively, and $0 and $0 for the three and six months ended September 27, 2020, respectively	801	970	1,599	1,938
Change in derivatives, net of tax benefit of $141 and $121 for the three and six months ended September 26, 2021, respectively, and $0 and $0 for the three and six months ended September 27, 2020, respectively	(436)	693	(373)	1,674
Change in cumulative translation adjustment	(337)	160	(131)	509
Total other comprehensive income (loss)	(67)	1,744	928	3,964
Comprehensive income	$ 139,473	$ 81,389	$ 243,193	$ 124,085

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Income Statement [Abstract]
Reclassification of prior service credits for pension and postretirement benefit plans recorded to net income, net of tax benefit of $31 and $54, for the three and six months ended September 26, 2021, respectively, and $0 and $0 for the three and six months ended September 27, 2020, respectively	$ 31	$ 0	$ 54	$ 0
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense of $(260) and $(519) for the three and six months ended September 26, 2021, respectively, and $0 and $0 for the three and six months ended September 27, 2020, respectively	(260)	0	(519)	0
Change in derivatives, net of tax benefit of $141 and $121 for the three and six months ended September 26, 2021, respectively, and $0 and $0 for the three and six months ended September 27, 2020, respectively	$ 141	$ 0	$ 121	$ 0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020
Operating Activities
Net income	$ 242,265	$ 120,121
Adjustments to net income to arrive at cash provided by operating activities:
Depreciation	22,267	22,268
Amortization of intangible assets	10,417	9,899
Amortization of deferred financing costs	701	755
Deferred income taxes	269	1,667
Loss on disposal of property, plant, and equipment	99	278
Share-based compensation	13,812	7,466
Changes in assets and liabilities:
Net receivables	(112,256)	(22,884)
Net inventories	(105,269)	2,388
Accounts payable	16,957	35,996
Accrued compensation	(8,489)	4,416
Accrued income taxes	32,250	(16,980)
Federal excise, use, and other taxes	9,494	2,661
Pension and other postretirement benefits	(1,299)	(6,740)
Other assets and liabilities	(16,038)	36,514
Cash provided by operating activities	105,180	197,825
Investing Activities:
Capital expenditures	(14,439)	(9,665)
Acquisition of businesses, net of cash received	(8,488)	0
Proceeds from the disposition of property, plant, and equipment	8	25
Cash used for investing activities	(22,919)	(9,640)
Financing Activities:
Borrowings on lines of credit	0	43,076
Payments on lines of credit	0	(210,332)
Payments made for debt issuance costs	(1,018)	0
Purchase of treasury shares	(56,239)	0
Proceeds from exercise of stock options	228	805
Payment of employee taxes related to vested stock awards	(3,039)	(239)
Cash used for financing activities	(60,068)	(166,690)
Effect of foreign exchange rate fluctuations on cash	(157)	86
Increase in cash, cash equivalents, and restricted cash	22,036	21,581
Cash, cash equivalents, and restricted cash at beginning of period	243,265	31,375
Cash, cash equivalents, and restricted cash at end of period	265,301	52,956
Non-cash investing activity:
Capital expenditures included in accounts payable	3,085	1,968
Contingent consideration in connection with business acquisitions	22,400	0
Net assets assumed in business acquisitions	$ 30,888	$ 0

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	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Mar. 31, 2020		58,038,822
Beginning balance at Mar. 31, 2020	$ 442,505	$ 580	$ 1,744,096	$ (960,048)	$ (100,994)	$ (241,129)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	42,696			40,476	2,220
Exercise of stock options (in shares)		5,000
Exercise of stock options	0		(203)			203
Share-based compensation	4,404		4,404
Restricted stock vested and shares withheld (in shares)		21,824
Restricted stock vested and shares withheld	(100)		(1,324)			1,224
Other (in shares)		1,313
Other		$ 1
Other	0		(54)			53
Ending balance (in shares) at Jun. 28, 2020		58,066,959
Ending balance at Jun. 28, 2020	489,505	$ 581	1,746,919	(919,572)	(98,774)	(239,649)
Beginning balance (in shares) at Mar. 31, 2020		58,038,822
Beginning balance at Mar. 31, 2020	442,505	$ 580	1,744,096	(960,048)	(100,994)	(241,129)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	124,085
Ending balance (in shares) at Sep. 27, 2020		58,256,243
Ending balance at Sep. 27, 2020	574,637	$ 583	1,742,645	(839,927)	(97,030)	(231,634)
Beginning balance (in shares) at Jun. 28, 2020		58,066,959
Beginning balance at Jun. 28, 2020	489,505	$ 581	1,746,919	(919,572)	(98,774)	(239,649)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	81,389			79,645	1,744
Exercise of stock options (in shares)		50,814
Exercise of stock options	805		(1,258)			2,063
Share-based compensation	3,062		3,062
Restricted stock vested and shares withheld (in shares)		29,680
Restricted stock vested and shares withheld	(206)		(1,741)			1,535
Employee stock purchase plan (in shares)		5,435
Employee stock purchase plan	75		(146)			221
Other (in shares)		103,355
Other		$ 2
Other	7		(4,191)			4,196
Ending balance (in shares) at Sep. 27, 2020		58,256,243
Ending balance at Sep. 27, 2020	574,637	$ 583	1,742,645	(839,927)	(97,030)	(231,634)
Beginning balance (in shares) at Mar. 31, 2021		58,561,016
Beginning balance at Mar. 31, 2021	736,997	$ 585	1,731,479	(694,036)	(83,195)	(217,836)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	103,720			102,725	995
Exercise of stock options (in shares)		7,373
Exercise of stock options	197		(94)			291
Share-based compensation	7,038		7,038
Restricted stock vested and shares withheld (in shares)		174,885
Restricted stock vested and shares withheld	(3,041)		(10,937)			7,896
Treasury shares purchased (in shares)		(1,212,496)
Treasury shares purchased	(44,232)					(44,232)
Other (in shares)		7,380
Other		$ (10)
Other	0		(282)			292
Ending balance (in shares) at Jun. 27, 2021		57,538,158
Ending balance at Jun. 27, 2021	800,679	$ 575	1,727,204	(591,311)	(82,200)	(253,589)
Beginning balance (in shares) at Mar. 31, 2021		58,561,016
Beginning balance at Mar. 31, 2021	736,997	$ 585	1,731,479	(694,036)	(83,195)	(217,836)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	243,193
Ending balance (in shares) at Sep. 26, 2021		57,288,160
Ending balance at Sep. 26, 2021	935,013	$ 573	1,731,665	(451,771)	(82,267)	(263,187)
Beginning balance (in shares) at Jun. 27, 2021		57,538,158
Beginning balance at Jun. 27, 2021	800,679	$ 575	1,727,204	(591,311)	(82,200)	(253,589)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	139,473			139,540	(67)
Exercise of stock options (in shares)		1,928
Exercise of stock options	31		(45)			76
Share-based compensation	6,774		6,774
Restricted stock vested and shares withheld (in shares)		2,840
Restricted stock vested and shares withheld	(58)		(167)			109
Employee stock purchase plan (in shares)		2,726
Employee stock purchase plan	120		12			108
Treasury shares purchased (in shares)		(311,187)
Treasury shares purchased	(12,007)					(12,007)
Other (in shares)		53,695
Other		$ (2)
Other	1		(2,113)			2,116
Ending balance (in shares) at Sep. 26, 2021		57,288,160
Ending balance at Sep. 26, 2021	$ 935,013	$ 573	$ 1,731,665	$ (451,771)	$ (82,267)	$ (263,187)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	Sep. 26, 2021	Mar. 31, 2021	Sep. 27, 2020
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Sep. 26, 2021
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", unless the context otherwise requires) is a leading global designer, manufacturer, and marketer of outdoor and shooting sports products. We conduct our operations through two reportable segments, Shooting Sports and Outdoor Products. We are headquartered in Anoka, Minnesota and have 18 manufacturing and distribution facilities in the United States, Canada, Mexico, and Puerto Rico along with international customer service, sales, and sourcing operations in Asia, Canada, and Europe. Vista Outdoor was incorporated in Delaware in 2014. The condensed consolidated financial statements reflect our financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States. 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, 2021 (“fiscal year 2021”). 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 have been 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 year 2021. 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 September 26, 2021 and March 31, 2021, our results of operations for the three and six months ended September 26, 2021 and September 27, 2020, and our cash flows for the six months ended September 26, 2021 and September 27, 2020. Our accounting policies are described in Note 1 of the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for fiscal year 2021. Such significant accounting policies are applicable for periods prior to the following new accounting standards. Accounting Standards Adopted by us in Fiscal Year 2022 In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-06, " Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. " This ASU simplifies the accounting for convertible instruments by removing the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. Also, this ASU requires the application of the if-converted method for calculating diluted earnings per share and provided that the treasury stock method will be no longer available. The new guidance is effective for fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. Entities may adopt the guidance through either a modified retrospective method of transition or a fully retrospective method of transition. We early adopted ASU 2020-06 on April 1, 2021 with no impact on our financial statements. On April 1, 2021, we adopted ASU No. 2019-12, “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ” This ASU removes specific exceptions to the general principles of ASC Topic 740, "Accounting for Income Taxes" and simplifies certain U.S. GAAP requirements. This update is effective for fiscal years beginning after December 15, 2020. The adoption of this standard does not have a material impact on our consolidated financial statements and related disclosures.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Sep. 26, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments We measure and disclose our financial assets and liabilities at fair value on a recurring and nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability (the exit price) in the principal and most advantageous market for the asset or liability in an orderly transaction between market participants. Assets and liabilities carried at fair value are classified using the three-tier 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 use to measure our financial instruments at fair value on a recurring basis: 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. We consider these to be Level 2 instruments. See Note 5, Derivative Financial Instruments , for additional information. Note Receivable In connection with the sale of our Firearms business in July 2019, we received a $12,000 interest-free, five-year pre-payable promissory note due June 2024. Based on the general market conditions and the credit quality of the buyer at the time of the sale, we discounted the Note Receivable at an effective interest rate of 10% and estimated fair value using a discounted cash flow approach. We consider this to be a Level 3 instrument. See Note 8, Receivables, for additional information. Contingent Consideration The acquisition-related contingent consideration liability represents the estimated fair value of earn-outs payable related to our acquisition of QuietKat Inc. ("QuietKat"). See Note 4, Acquisitions and Divestitures , for additional information. The earn-out liability is valued using a Monte Carlo simulation analysis in a risk-neutral framework with assumptions for volatility, market price of risk adjustment, risk-free rate, and cost of debt. The contingent consideration is measured to fair value at each reporting date through December 31, 2023, and is based on management estimates and entity-specific assumptions, which are considered Level 3 inputs. The liability is included in other long-term liabilities on our balance sheet. Disclosures about the Fair Value of Financial Instruments The carrying amount of our receivables, inventory, accounts payable and accrued liabilities at September 26, 2021 and March 31, 2021 approximates fair value because of the short maturity of these instruments. The carrying values of cash and cash equivalents at September 26, 2021 and March 31, 2021 are categorized within Level 1 of the fair value hierarchy. The table below discloses information about carrying values and estimated fair value relating to our financial assets and liabilities: September 26, 2021 March 31, 2021 Carrying Fair Carrying Fair Fixed-rate debt (1) $ 500,000 $ 516,250 $ 500,000 $ 493,750 (1) Fixed rate debt —In fiscal year 2021, we issued $500,000 aggregate principal amount o f 4.5% S enior Notes that will mature on March 15, 2029. These notes are unsecured and senior obligations. We consider these to be Level 2 instruments. See Note 13, Long-term Debt, for information on long-term debt, including certain risks and uncertainties.

Leases

Leases	6 Months Ended
	Sep. 26, 2021
Leases [Abstract]
Leases	Leases We lease certain warehouse and distribution space, manufacturing space, office space, retail locations, equipment, and vehicles. All of these leases are classified as operating leases. Operating lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. We use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. These rates are assessed on a quarterly basis. The operating lease assets also include any lease payments made less lease incentives. Leases with an initial term of twelve months or less are not recorded on the balance sheet. For operating leases, expense is recognized on a straight-line basis over the lease term. Variable lease payments associated with our leases are recognized upon occurrence of the event, activity, or circumstance in the lease agreement on which those payments are assessed. Tenant improvement allowances are recorded as leasehold improvements with an offsetting adjustment included in our calculation of its right-of-use asset. Many leases include one or more options to renew, with renewal terms that can extend the lease term up to five years. The exercise of lease renewal options is at our sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease term. The amounts of assets and liabilities related to our operating leases were as follows: Balance Sheet Caption September 26, 2021 March 31, 2021 Assets: Operating lease assets Operating lease assets $ 74,384 $ 72,400 Liabilities: Current: Operating lease liabilities Other current liabilities $ 11,277 $ 10,044 Long-term: Operating lease liabilities Long-term operating lease liabilities 78,126 77,375 Total lease liabilities $ 89,403 $ 87,419 The components of lease expense are recorded to cost of sales and selling, general, and administration expenses in the condensed consolidated statements of comprehensive income. The components of lease expense were as follows: Three months ended Six months ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Fixed operating lease costs (1) $ 5,386 $ 5,052 $ 10,502 $ 10,111 Variable operating lease costs 914 659 1,583 1,241 Sublease income (107) (277) (151) (665) Net Lease costs $ 6,193 $ 5,434 $ 11,934 $ 10,687 (1) Includes short-term leases September 26, 2021 March 31, 2021 Weighted Average Remaining Lease Term (Years): Operating leases 8.80 9.32 Weighted Average Discount Rate: Operating leases 8.37 % 8.64 % The approximate minimum lease payments under non-cancelable operating leases as of September 26, 2021 are as follows: Remainder of fiscal year 2022 $ 9,210 Fiscal year 2023 17,201 Fiscal year 2024 14,990 Fiscal year 2025 14,152 Fiscal year 2026 12,909 Thereafter 61,532 Total lease payments 129,994 Less imputed interest (40,591) Present value of lease liabilities $ 89,403 Supplemental cash flow information related to leases is as follows: Six months ended September 26, 2021 September 27, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 8,966 $ 9,080 Operating lease assets obtained in exchange for lease liabilities: Operating leases 5,785 1,285

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Sep. 26, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures During the first quarter of fiscal year 2022, we completed the acquisition of QuietKat, an electric bicycle company that specializes in designing, manufacturing, and marketing rugged, all-terrain eBikes. We accounted for the acquisition as a business combination using the acquisition method of accounting. The acquisition is not significant to our consolidated financial statements. The results of this business are reported within our Outdoor Products reportable segment. Contingent consideration with an initial fair value of $22,400 was included in the purchase price. See Note 2, Fair Value of Financial Instruments , for information related to the fair value calculation. In addition to the consideration we paid at closing, $13,000 was paid to key members of QuietKat management and is considered compensation that will be expensed over approximately three years provided they continue their employment with us through the respective milestone dates. During the first quarter of fiscal year 2022, we completed the acquisition of Venor, a hunt-inspired female apparel brand. The Venor lifestyle is anchored in adventure, community, and empowering women to live their best outdoor lives. We accounted for the acquisition as a business combination using the acquisition method of accounting. The acquisition is not significant to our consolidated financial statements. The results of this business will be reported within the Outdoor Products reportable segment. During the fourth quarter of fiscal year 2021, we completed the acquisition of HEVI-Shot Ammunition, which will immediately add a high-end offering, specialized lead-free ammunition capabilities and another iconic brand to our ammunition portfolio. We accounted for the acquisition as a business combination using the acquisition method of accounting. The acquisition is not significant to our consolidated financial statements. We finalized the purchase price allocation during the first quarter of fiscal year 2022. The results of this business are included in the Shooting Sports reportable segment. During the third quarter of fiscal year 2021, we acquired certain assets related to Remington Outdoor Company, Inc.’s ("Remington") ammunition and accessories businesses, including Remington's ammunition manufacturing facility in Lonoke, Arkansas and related intellectual property. We accounted for the acquisition of Remington as a business combination using the acquisition method of accounting. The purchase price allocation below was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The fair values of acquired assets and liabilities assumed represent management’s estimate of fair value. We finalized the purchase price allocation during the fourth quarter of fiscal year 2021. Remington Purchase Price Allocation: October 12, 2020 Total purchase price: Cash paid $ 81,400 Cash paid for working capital 291 Total purchase price 81,691 Fair value of assets acquired: Inventories $ 20,021 Intangible assets 26,200 Property, plant, and equipment 31,200 Other assets 3,363 Total assets 80,784 Fair value of liabilities assumed: Accounts payable 311 Other liabilities 2,969 Total liabilities 3,280 Net assets acquired 77,504 Goodwill $ 4,187 Intangible assets above include: Value Useful life (years) Indefinite lived tradenames $ 24,500 Indefinite Customer relationships 1,700 20 Divestiture of Business:

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Sep. 26, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments In the normal course of business, we are exposed to market risks arising from adverse changes in: • commodity prices affecting the cost of raw materials, and • interest rates We use designated cash flow hedges to manage our level of exposure. We entered into various commodity forward contracts during fiscal years 2022 and 2021. 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 hedge contracts is assessed quantitatively at inception and qualitatively thereafter considering the transactions critical terms and counterparty credit quality. The gains and losses on these hedges are included in accumulated other comprehensive loss and are reclassified into earnings at the time the forecasted revenue or expense is recognized. 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 September 26, 2021, we had outstanding lead forward contracts on approximately 4.4 million pounds of lead. In the event the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, the related change in fair value of the derivative instrument would be reclassified from accumulated other comprehensive loss and recognized in earnings. As of September 26, 2021, there is an immaterial asset balance related to the lead forward contracts that is recorded within other current assets.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Sep. 26, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following tables disaggregate our net sales by major category: Three months ended September 26, 2021 September 27, 2020 Shooting Sports Outdoor Products Total Shooting Sports Outdoor Products Total Ammunition $ 450,193 $ — $ 450,193 $ 272,219 $ — $ 272,219 Hunting and Shooting 116,156 — 116,156 107,468 — 107,468 Action Sports (1) — 104,645 104,645 — 97,447 97,447 Outdoor Recreation (2) — 107,466 107,466 — 98,045 98,045 Total $ 566,349 $ 212,111 $ 778,460 $ 379,687 $ 195,492 $ 575,179 Geographic Region: United States $ 533,542 $ 143,664 $ 677,206 $ 352,740 $ 151,783 $ 504,523 Rest of the World 32,807 68,447 101,254 26,947 43,709 70,656 Total $ 566,349 $ 212,111 $ 778,460 $ 379,687 $ 195,492 $ 575,179 Six months ended September 26, 2021 September 27, 2020 Shooting Sports Outdoor Products Total Shooting Sports Outdoor Products Total Ammunition $ 814,481 $ — $ 814,481 $ 533,981 $ — $ 533,981 Hunting and Shooting 215,187 — 215,187 179,863 — 179,863 Action Sports (1) — 196,787 196,787 — 170,306 170,306 Outdoor Recreation (2) — 214,917 214,917 — 170,169 170,169 Total $ 1,029,668 $ 411,704 $ 1,441,372 $ 713,844 $ 340,475 $ 1,054,319 Geographic Region: United States $ 943,427 $ 291,733 $ 1,235,160 $ 660,127 $ 266,800 $ 926,927 Rest of the World 86,241 119,971 206,212 53,717 73,675 127,392 Total $ 1,029,668 $ 411,704 $ 1,441,372 $ 713,844 $ 340,475 $ 1,054,319 (1) Action Sports includes the operating segments: Sports Protection and Cycling. (2) Outdoor Recreation includes the operating segments: Hydration, Outdoor Cooking, and Golf. Product Sales: 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. 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. 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. Sales taxes, federal excise taxes, and other similar taxes are excluded from revenue. 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 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.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Sep. 26, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The computation of basic earnings per share ("EPS") is based on the weighted average number of shares that were outstanding during the period. The computation of diluted EPS is based on the number of basic weighted average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares, such as common stock to be issued upon exercise of options, contingently issuable shares and restricted stock units, using the treasury stock method. In computing EPS for the periods presented, earnings, as reported for each respective period, is divided by the number of shares below (in thousands): Three months ended Six months ended (Amounts in thousands except per share data) September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Numerator: Net income $ 139,540 $ 79,645 $ 242,265 $ 120,121 Denominator: Weighted-average number of common shares outstanding basic: 57,353 58,193 57,732 58,124 Dilutive effect of share-based awards (1) 1,863 1,121 1,845 942 Diluted shares 59,216 59,314 59,577 59,066 Earnings per common share: Basic $ 2.43 $ 1.37 $ 4.20 $ 2.07 Diluted $ 2.36 $ 1.34 $ 4.07 $ 2.03 (1) Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the common stock, were 0 and 527 for the three and six months ended September 26, 2021, respectively, and 26 and 296 for the three and six months ended September 27, 2020, respectively.

Receivables

Receivables	6 Months Ended
	Sep. 26, 2021
Receivables [Abstract]
Receivables	Receivables Our trade account receivables are recorded at net realizable value, which includes an appropriate allowance for estimated credit losses under the expected credit loss model. We maintain an allowance for credit losses related to accounts receivable for future expected credit losses resulting from the inability or unwillingness of our customers to make required payments. We estimate the allowance based upon historical bad debts, current customer receivable balances, age of customer receivable balances and the customers' financial condition, and in relation to a representative pool of assets consisting of a large number of customers with similar risk characteristics. The allowance is adjusted as appropriate to reflect differences in current conditions as well as changes in forecasted macroeconomic conditions. Receivables that do not share risk characteristics are evaluated on an individual basis, including those associated with customers that have a higher probability of default. Net receivables are summarized as follows: September 26, 2021 March 31, 2021 Trade receivables $ 423,730 $ 307,098 Other receivables 7,558 7,899 Less: allowance for estimated credit losses and discounts (16,701) (13,422) Net receivables $ 414,587 $ 301,575 Walmart represented 17% and 18% of our total trade receivables balance as of September 26, 2021 and March 31, 2021, respectively. No other customer represented more than 10% of our total trade receivables balance as of September 26, 2021 or March 31, 2021. The following provides a reconciliation of the activity related to the allowance for estimated credit losses and discounts for the six months ended September 26, 2021: Balance, March 31, 2021 $ 13,422 Provision for credit losses 1,459 Write-off of uncollectible amounts, net of recoveries (688) Discounts and other adjustments 2,508 Balance, September 26, 2021 $ 16,701 Note Receivable is summarized as follows: September 26, 2021 March 31, 2021 Principal $ 12,000 $ 12,000 Less: unamortized discount (2,759) (3,189) Note receivable, net, included within Deferred charges and other non-current assets $ 9,241 $ 8,811

Inventories

Inventories	6 Months Ended
	Sep. 26, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Current net inventories consist of the following: September 26, 2021 March 31, 2021 Raw materials $ 155,509 $ 133,970 Work in process 58,094 47,829 Finished goods 347,903 272,705 Net inventories $ 561,506 $ 454,504

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (AOCL)	6 Months Ended
	Sep. 26, 2021
Equity [Abstract]
Accumulated Other Comprehensive Loss (AOCL)	Accumulated Other Comprehensive Loss (AOCL) The components of AOCL, net of income taxes, are as follows: September 26, 2021 March 31, 2021 Derivatives $ (212) $ 161 Pension and other postretirement benefits liabilities (76,734) (78,166) Cumulative translation adjustment (5,321) (5,190) Total AOCL $ (82,267) $ (83,195) The following tables detail the amounts reclassified from AOCL to earnings as well as the changes in derivatives, pension and other postretirement benefits, and foreign currency translation, net of income tax: Three months ended September 26, 2021 Six months ended September 26, 2021 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ 224 $ (77,440) $ (4,984) $ (82,200) $ 161 $ (78,166) $ (5,190) $ (83,195) Change in fair value of derivatives 118 — — 118 767 — — 767 Net gains reclassified from AOCL (554) — — (554) (1,140) — — (1,140) Net actuarial losses reclassified from AOCL (1) — 801 — 801 — 1,599 — 1,599 Prior service costs reclassified from AOCL (1) — (95) — (95) — (167) — (167) Net change in cumulative translation adjustment — — (337) (337) — — (131) (131) Ending balance in AOCL $ (212) $ (76,734) $ (5,321) $ (82,267) $ (212) $ (76,734) $ (5,321) $ (82,267) (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. Three months ended September 27, 2020 Six months ended September 27, 2020 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ (445) $ (92,463) $ (5,866) $ (98,774) $ (1,426) $ (93,353) $ (6,215) $ (100,994) Change in fair value of derivatives 598 — — 598 593 — — 593 Net losses reclassified from AOCL 95 — — 95 1,081 1,081 Net actuarial losses reclassified from AOCL (1) — 970 — 970 — 1,938 — 1,938 Prior service costs reclassified from AOCL (1) — (79) — (79) — (157) — (157) Net change in cumulative translation adjustment — — 160 160 — — 509 509 Ending balance in AOCL $ 248 $ (91,572) $ (5,706) $ (97,030) $ 248 $ (91,572) $ (5,706) $ (97,030) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Sep. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Changes in the carrying value of goodwill by segment was as follows: Shooting Sports Outdoor Products Total Balance, March 31, 2021 $ 86,082 $ — $ 86,082 Acquisitions 23 11,668 11,691 Balance, September 26, 2021 $ 86,105 $ 11,668 $ 97,773 Intangible assets by major asset class consisted of the following: September 26, 2021 March 31, 2021 Gross Accumulated Total Gross Accumulated Total Trade names $ 63,160 $ (20,308) $ 42,852 $ 49,560 $ (18,174) $ 31,386 Patented technology 16,954 (11,770) 5,184 16,954 (11,354) 5,600 Customer relationships and other 247,247 (106,770) 140,477 241,306 (98,939) 142,367 Total 327,361 (138,848) 188,513 307,820 (128,467) 179,353 Non-amortizing trade names 135,602 — 135,602 135,602 — 135,602 Net intangible assets $ 462,963 $ (138,848) $ 324,115 $ 443,422 $ (128,467) $ 314,955 Amortization expense was $5,419 and $4,946 for the three months ended September 26, 2021 and September 27, 2020, respectively, and $10,417 and $9,899 for the six months ended September 26, 2021 and September 27, 2020, respectively. As of September 26, 2021, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2022 $ 10,670 Fiscal year 2023 21,233 Fiscal year 2024 21,181 Fiscal year 2025 21,163 Fiscal year 2026 18,153 Thereafter 96,113 Total $ 188,513

Other Current and Non-current L

Other Current and Non-current Liabilities	6 Months Ended
	Sep. 26, 2021
Other Liabilities Disclosure [Abstract]
Other Current and Non-current Liabilities	Other Current and Non-Current Liabilities Other current and non-current liabilities consisted of the following: September 26, 2021 March 31, 2021 Accrual for in-transit inventory $ 22,478 $ 24,356 Other 104,270 96,212 Total other current liabilities $ 126,748 $ 120,568 Long-term portion of accrued income tax liability $ 28,295 $ 23,000 Other 42,292 19,448 Total other non-current liabilities $ 70,587 $ 42,448 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 actual past experience, our current production environment as well as specific and identifiable warranties as applicable. The warranty liability recorded at each balance sheet date reflects the estimated liability for warranty coverage for products delivered based on historical information and current trends. The following is a reconciliation of the changes in our product warranty liability during the periods presented: Balance, March 31, 2021 $ 8,696 Payments made (377) Warranties issued 849 Changes related to pre-existing warranties and other adjustments (229) Balance, September 26, 2021 $ 8,939

Long-term Debt

Long-term Debt	6 Months Ended
	Sep. 26, 2021
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consisted of the following: September 26, 2021 March 31, 2021 4.5% Senior Notes $ 500,000 $ 500,000 Less: unamortized deferred financing costs (4,159) (4,436) Carrying amount of long-term debt $ 495,841 $ 495,564 Credit Agreements —In fiscal year 2021, we refinanced our 2018 ABL Revolving Credit Facility, by entering into the 2021 ABL Revolving Credit Facility, which provides for a $450,000 senior secured asset-based revolving credit facility. The amount available under the 2021 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, but, in each case, subject to the excess availability financial covenant under the 2021 ABL Revolving Credit Facility described below. As of September 26, 2021, based on the borrowing base less outstanding borrowings of $0, outstanding letters of credit of $19,200, and minimum required borrowing base of $45,000, the amount available under the 2021 ABL Revolving Credit Facility was $385,800. The 2021 ABL Revolving Credit Facility matures on March 31, 2026 (the “Maturity Date”), subject to a customary springing maturity in respect of the 4.5% Notes due 2029 (described below). Any outstanding revolving loans under the 2021 ABL Revolving Credit Facility will be payable in full on the Maturity Date. As of March 31, 2021, borrowings under the 2021 ABL Revolving Credit Facility bear interest at a rate equal to either the sum of a base rate plus a margin ranging from 0.25% to 0.75% or the sum of a LIBO rate plus a margin ranging from 1.25% to 1.75%. The rates vary based on our Average Excess Availability under the 2021 ABL Revolving Credit Facility. As of September 26, 2021, the margin under the 2021 ABL Revolving Credit Facility was 0.25% for base rate loans and 1.25% for LIBO rate loans. We pay a commitment fee on the unused commitments under the 2021 ABL Revolving Credit Facility of 0.175% per annum. Debt issuance costs incurred with the refinancing of approximately $6,004, are being amortized over the remaining term of the 2021 ABL Revolving Credit Facility. The debt issuance costs associated with the 2021 ABL Revolving Credit Facility are included within other current and non-current assets. Substantially all domestic tangible and intangible assets of Vista Outdoor and our domestic subsidiaries are pledged as collateral under the 2021 ABL Revolving Credit Facility. 4.5% Notes —In fiscal year 2021, we issued $500,000 aggregate principal amount of 4.5% Notes that mature on March 15, 2029. These notes are unsecured and senior obligations. Interest on the notes is payable semi-annually in arrears on March 15 and September 15 of each year. We have the right to redeem some or all of these notes on or after March 15, 2024 at specified redemption prices. Prior to March 15, 2024, we may redeem some or all of these notes at a price equal to 100% of their principal amount plus accrued and unpaid interest to the date of redemption and a specified make-whole premium. In addition, prior to March 15, 2024, we may redeem up to 40% of the aggregate principal amount of these notes with the net cash proceeds of certain equity offerings, at a price equal to 104.5% of their principal amount plus accrued and unpaid interest to the date of redemption. Debt issuance costs of approximately $4,481 are being amortized to interest expense over eight years, the term of the notes. Rank and guarantees —The 2021 ABL Revolving Credit Facility obligations are guaranteed on a secured basis, jointly and severally and fully and unconditionally by substantially all of our domestic subsidiaries. Vista Outdoor (the parent company issuer) has no independent assets or operations. We own 100% of all of these guarantor subsidiaries. The 4.5% 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 4.5% Notes are fully and unconditionally guaranteed, jointly and severally, by our existing and future domestic subsidiaries that guarantee indebtedness under our 2021 ABL Revolving Credit Facility or that incur or guarantee certain of our other indebtedness, or indebtedness of any subsidiary guarantor, in an aggregate principal amount in excess of $75,000. These guarantees are senior unsecured obligations of the applicable subsidiary guarantors. The guarantee by any subsidiary guarantor of our obligations in respect of the 4.5% 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 4.5% Notes • if such subsidiary guarantor has been released from its guarantees of indebtedness under the 2021 ABL Revolving Credit Facility and all capital markets debt securities Covenants 2021 ABL Revolving Credit Facility —Our 2021 ABL Revolving Credit Facility imposes restrictions on us, including limitations on our ability to pay cash dividends, incur debt or liens, redeem or repurchase Vista Outdoor stock, enter into transactions with affiliates, make investments, merge or consolidate with others or dispose of assets. The 2021 ABL Revolving Credit Facility contains a financial covenant that the Excess Availability under the 2021 ABL Revolving Credit Facility cannot fall below the greater of (a) 10% of the line cap or (b) $42,500. As a result of this financial covenant, we must maintain the greater of 10% of the line cap or $42,500 of availability in order to satisfy the financial covenant. If we do not comply with the covenants in the 2021 ABL Revolving Credit Facility, the lenders may, subject to customary cure rights, require the immediate payment of all amounts outstanding under the 2021 ABL Revolving Credit Facility. As noted above, the Excess Availability under the 2021 ABL Revolving Credit Facility was $385,800 as of September 26, 2021. Vista Outdoor has the option to increase the amount of the 2021 ABL Revolving Credit Facility in an aggregate principal amount not to exceed $150,000, to the extent that any one or more lenders, whether or not currently party to the 2021 ABL Revolving Credit Facility, commits to be a lender for such amount. 4.5% Notes —The indenture governing the 4.5% Notes contains covenants that, among other things, limit our ability to incur or permit to exist certain liens, sell, transfer or otherwise dispose of assets, consolidate, amalgamate, merge or sell all or substantially all of our assets, enter into transactions with affiliates, enter into agreements restricting our subsidiaries’ ability to pay dividends, incur additional indebtedness, pay dividends or make other distributions or repurchase or redeem our capital stock, prepay, redeem or repurchase certain debt and make loans and investments. The 2021 ABL Revolving Credit Facility and the indenture governing the 4.5% Notes contain cross-default provisions so that noncompliance with the covenants within one debt agreement could also cause a default under another debt agreement. As of September 26, 2021, we were in compliance with the covenants of all of our debt agreements. However, we cannot provide assurance that we will be able to comply with such financial covenants in the future due to various risks and uncertainties, some of which may be beyond our control. Any failure to comply with the restrictions in the 2021 ABL Revolving Credit Facility may prevent us from drawing under the 2021 ABL Revolving Credit Facility and may result in an event of default under the 2021 ABL Revolving Credit Facility, which default may allow the creditors to accelerate the related indebtedness and the indebtedness under our 4.5% Notes and proceed against the collateral that secures such indebtedness. We may not have sufficient liquidity to repay the indebtedness in such circumstances.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Sep. 26, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans During the three months ended September 26, 2021, we recognized an aggregate net loss of $3 for employee defined benefit plans compared to net benefit of $(22) during the three months ended September 27, 2020. During the six months ended September 26, 2021, we recognized an aggregate net loss of $38 for employee defined benefit plans compared to net benefit of $(43) during the six months ended September 27, 2020. Employer contributions and distributions —We made contributions of $1,300 and required contributions of $7,100 to our pension trust during the six months ended September 26, 2021 and September 27, 2020, respectively. No additional contributions are required and we are not expecting to make any contributions to our pension trust for the remainder of fiscal year 2022. For those same periods, we made no contributions to our other postretirement benefit plans, and we made no distributions to retirees under our non-qualified supplemental executive retirement plan. No additional contributions are required, and we are not expecting to make any contributions to our other postretirement benefit plans, or directly to retirees under our non-qualified supplemental executive retirement plans for the remainder of fiscal year 2022.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 26, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our provision for income taxes includes federal, foreign, and state income taxes. Income tax provisions for interim periods are based on the estimated effective annual income tax rates for the current year and the year-to-date effective tax rate for the prior year. The income tax provisions for the three months ended September 26, 2021 and September 27, 2020 represent effective tax rates of 24.5% and (14.5)%, respectively. The increase in the rate from the prior year quarter is primarily caused by the impact of the prior year quarter decrease in the valuation allowance driven by earnings and benefit of the loss carrybacks, which permitted us to realize previously valued tax assets. The income tax provisions for the six months ended September 26, 2021 and September 27, 2020 represent effective tax rates of 24.9% and (8.1)%, respectively. The increase in the rate from the prior year period is primarily caused by the impact of the prior year period decrease in the valuation allowance driven by earnings and benefit of the loss carrybacks, which permitted us to realize previously valued tax assets. The effective tax rate for the three and six months ended September 26, 2021 is reflective of the federal statutory rate of 21% increased by the state taxes and reserves for uncertain tax position. The effective tax rate for the three and six months ended September 27, 2020 was lower than the statutory rate because of the decreased valuation allowance and benefit of the loss carrybacks. 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. 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 Outdoor are no longer subject to U.S. federal, state and local, or foreign income tax examinations by tax authorities prior to 2013. The IRS has completed the audits of Orbital ATK through fiscal year 2014 and is currently auditing Orbital ATK's tax return for fiscal year 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 $47,697 and $6,335 for the six months ended September 26, 2021 and September 27, 2020, respectively. We have filed amended income tax returns requesting total refunds of $42,193, which are reflected in our net income tax receivable of $10,898. Although the timing and outcome of income tax audit settlements are uncertain, it is reasonably possible that a $7,479 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 $6,671.

Contingencies

Contingencies	6 Months Ended
	Sep. 26, 2021
Loss Contingency [Abstract]
Contingencies	Contingencies Litigation From time-to-time, we are subject to various legal proceedings, including lawsuits, which arise out of, and are incidental to, the conduct of our business. We do not consider any of such proceedings that are currently pending, individually or in the aggregate, to be material to our business or likely to result in a material adverse effect on our operating results, financial condition, or cash flows. Environmental liabilities Our operations and ownership or use of real property are subject to a number of federal, state, and local environmental laws and regulations, as well as applicable foreign laws and regulations, including those governing the discharge of hazardous materials, remediation of contaminated sites, and restoration of damage to the environment. We are obligated to conduct investigation and/or remediation activities at certain sites that we own or operate or formerly owned or operated. Certain of our former subsidiaries have been identified as potentially responsible parties (“PRP”), along with other parties, in regulatory agency actions associated with hazardous waste sites. As a PRP, those former subsidiaries may be required to pay a share of the costs of the investigation and clean-up of these sites. In that event, we would be obligated to indemnify those subsidiaries for those costs. 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 $695 and $696 as of September 26, 2021 and March 31, 2021, 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	6 Months Ended
	Sep. 26, 2021
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information We have seven operating segments, which have been aggregated into two reportable segments, Shooting Sports and Outdoor Products. This is consistent with how our chief operating decision maker ("CODM"), our Chief Executive Officer, allocates resources and makes decisions. Shooting Sports is comprised of our Ammunition and Hunting and Shooting operating segments. Outdoor Products is comprised of our Sports Protection, Outdoor Cooking, Hydration, Golf, and Cycling operating segments. The operating segments comprising our respective reportable segments share numerous commonalities, including similar core consumers, distribution channels, and supply chains. Our CODM relies on internal management reporting that analyzes consolidated results to the net income level and operating segment's EBIT, which is defined as earnings (loss) before interest and income taxes. Certain corporate-related costs and other non-recurring costs are not allocated to the segments in order to present comparable results from period to period. These include transition related-costs, merger and acquisition costs, and other non-recurring items. Shooting Sports generated approximately 71% of our external sales in the six months ended September 26, 2021. Outdoor Products generated approximately 29% of our external sales in the six months ended September 26, 2021. No single customer contributed 10% or more of our sales in the six months ended September 26, 2021. Walmart represented approximately 10% of our sales in the six months ended September 27, 2020. The following tables contain information utilized by management to evaluate our operating segments for the interim periods presented: Three months ended September 26, 2021 Six months ended September 26, 2021 Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 566,349 $ 212,111 $ — $ 778,460 $ 1,029,668 $ 411,704 $ — $ 1,441,372 Gross Profit 239,202 59,719 — 298,921 420,530 120,202 (384) 540,348 EBIT 194,582 23,662 (27,505) 190,739 336,304 49,589 (51,498) 334,395 Three months ended September 27, 2020 Six months ended September 27, 2020 Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 379,687 $ 195,492 $ — $ 575,179 $ 713,844 $ 340,475 $ — $ 1,054,319 Gross Profit 104,983 56,907 — 161,890 189,484 97,774 — 287,258 EBIT 70,337 26,385 (21,466) 75,256 124,901 37,892 (39,494) 123,299 (a) Reconciling items for the three and six months ended September 26, 2021 included a fair value step-up in inventory allocated from the HEVI-Shot acquisition of $0 and $384 and post-acquisition compensation expense allocated from the QuietKat acquisition of $1,245 and $1,792, respectively. There were no reconciling items for the three and six months ended September 27, 2020. Sales, net exclude all intercompany sales between Shooting Sports and Outdoor Products, which were not material for the three and six months ended September 26, 2021 and September 27, 2020.

Subsequent Event

Subsequent Event	6 Months Ended
	Sep. 26, 2021
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Subsequent to quarter-end, we acquired Foresight Sports, a leading designer and manufacturer of golf performance analysis, entertainment, and game enhancement technologies for approximately $474,000. The purchase price includes $5,599 related to employee retention payments, which will be accounted for separately from the business combination as post combination compensation expense. Contingent payments of up to $25,000 if certain net sales targets are met will also be accounted for separately from the business combination as post combination compensation expense. We used cash on hand and available liquidity under our 2021 ABL Revolving Credit Facility to complete the transaction. The results of this business will be reported within the Outdoor Products reportable segment. Due to the timing of the transaction, purchase accounting is incomplete. During the six months ended September 26, 2021, we incurred a total of $2,058 in acquisition related costs, including legal and other professional fees, related to the acquisition, all of which were reported in selling, general, and administrative expense in the condensed consolidated statements of comprehensive income. Subsequent to quarter-end, we acquired Fiber Energy Products, a leader in all-natural wood grilling pellets. This latest strategic transaction secures a continuous supply of pellets for our Camp Chef business and expands our revenue in a consumable category. The results of this business will be reported within the Outdoor Products reportable segment. The acquisition is not significant to our consolidated financial statements. Due to the timing of the transaction, purchase accounting is incomplete.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 26, 2021
Accounting Policies [Abstract]
New Accounting Pronouncements	Our accounting policies are described in Note 1 of the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for fiscal year 2021. Such significant accounting policies are applicable for periods prior to the following new accounting standards. Accounting Standards Adopted by us in Fiscal Year 2022 In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-06, " Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. " This ASU simplifies the accounting for convertible instruments by removing the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. Also, this ASU requires the application of the if-converted method for calculating diluted earnings per share and provided that the treasury stock method will be no longer available. The new guidance is effective for fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. Entities may adopt the guidance through either a modified retrospective method of transition or a fully retrospective method of transition. We early adopted ASU 2020-06 on April 1, 2021 with no impact on our financial statements. On April 1, 2021, we adopted ASU No. 2019-12, “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ” This ASU removes specific exceptions to the general principles of ASC Topic 740, "Accounting for Income Taxes" and simplifies certain U.S. GAAP requirements. This update is effective for fiscal years beginning after December 15, 2020. The adoption of this standard does not have a material impact on our consolidated financial statements and related disclosures.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Sep. 26, 2021
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 table below discloses information about carrying values and estimated fair value relating to our financial assets and liabilities: September 26, 2021 March 31, 2021 Carrying Fair Carrying Fair Fixed-rate debt (1) $ 500,000 $ 516,250 $ 500,000 $ 493,750 (1) Fixed rate debt —In fiscal year 2021, we issued $500,000 aggregate principal amount o f 4.5% S enior Notes that will mature on March 15, 2029. These notes are unsecured and senior obligations. We consider these to be Level 2 instruments. See Note 13, Long-term Debt, for information on long-term debt, including certain risks and uncertainties.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Sep. 26, 2021
Leases [Abstract]
Schedule of operating lease assets and liabilities	The amounts of assets and liabilities related to our operating leases were as follows: Balance Sheet Caption September 26, 2021 March 31, 2021 Assets: Operating lease assets Operating lease assets $ 74,384 $ 72,400 Liabilities: Current: Operating lease liabilities Other current liabilities $ 11,277 $ 10,044 Long-term: Operating lease liabilities Long-term operating lease liabilities 78,126 77,375 Total lease liabilities $ 89,403 $ 87,419
Schedule of lease cost and supplemental cash flow information	The components of lease expense are recorded to cost of sales and selling, general, and administration expenses in the condensed consolidated statements of comprehensive income. The components of lease expense were as follows: Three months ended Six months ended September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Fixed operating lease costs (1) $ 5,386 $ 5,052 $ 10,502 $ 10,111 Variable operating lease costs 914 659 1,583 1,241 Sublease income (107) (277) (151) (665) Net Lease costs $ 6,193 $ 5,434 $ 11,934 $ 10,687 (1) Includes short-term leases September 26, 2021 March 31, 2021 Weighted Average Remaining Lease Term (Years): Operating leases 8.80 9.32 Weighted Average Discount Rate: Operating leases 8.37 % 8.64 % Supplemental cash flow information related to leases is as follows: Six months ended September 26, 2021 September 27, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 8,966 $ 9,080 Operating lease assets obtained in exchange for lease liabilities: Operating leases 5,785 1,285
Schedule of future minimum lease payments	The approximate minimum lease payments under non-cancelable operating leases as of September 26, 2021 are as follows: Remainder of fiscal year 2022 $ 9,210 Fiscal year 2023 17,201 Fiscal year 2024 14,990 Fiscal year 2025 14,152 Fiscal year 2026 12,909 Thereafter 61,532 Total lease payments 129,994 Less imputed interest (40,591) Present value of lease liabilities $ 89,403

Acquisition and Divestitures (T

Acquisition and Divestitures (Tables)	6 Months Ended
	Sep. 26, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Remington Purchase Price Allocation: October 12, 2020 Total purchase price: Cash paid $ 81,400 Cash paid for working capital 291 Total purchase price 81,691 Fair value of assets acquired: Inventories $ 20,021 Intangible assets 26,200 Property, plant, and equipment 31,200 Other assets 3,363 Total assets 80,784 Fair value of liabilities assumed: Accounts payable 311 Other liabilities 2,969 Total liabilities 3,280 Net assets acquired 77,504 Goodwill $ 4,187
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class	Intangible assets above include: Value Useful life (years) Indefinite lived tradenames $ 24,500 Indefinite Customer relationships 1,700 20

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Sep. 26, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate our net sales by major category: Three months ended September 26, 2021 September 27, 2020 Shooting Sports Outdoor Products Total Shooting Sports Outdoor Products Total Ammunition $ 450,193 $ — $ 450,193 $ 272,219 $ — $ 272,219 Hunting and Shooting 116,156 — 116,156 107,468 — 107,468 Action Sports (1) — 104,645 104,645 — 97,447 97,447 Outdoor Recreation (2) — 107,466 107,466 — 98,045 98,045 Total $ 566,349 $ 212,111 $ 778,460 $ 379,687 $ 195,492 $ 575,179 Geographic Region: United States $ 533,542 $ 143,664 $ 677,206 $ 352,740 $ 151,783 $ 504,523 Rest of the World 32,807 68,447 101,254 26,947 43,709 70,656 Total $ 566,349 $ 212,111 $ 778,460 $ 379,687 $ 195,492 $ 575,179 Six months ended September 26, 2021 September 27, 2020 Shooting Sports Outdoor Products Total Shooting Sports Outdoor Products Total Ammunition $ 814,481 $ — $ 814,481 $ 533,981 $ — $ 533,981 Hunting and Shooting 215,187 — 215,187 179,863 — 179,863 Action Sports (1) — 196,787 196,787 — 170,306 170,306 Outdoor Recreation (2) — 214,917 214,917 — 170,169 170,169 Total $ 1,029,668 $ 411,704 $ 1,441,372 $ 713,844 $ 340,475 $ 1,054,319 Geographic Region: United States $ 943,427 $ 291,733 $ 1,235,160 $ 660,127 $ 266,800 $ 926,927 Rest of the World 86,241 119,971 206,212 53,717 73,675 127,392 Total $ 1,029,668 $ 411,704 $ 1,441,372 $ 713,844 $ 340,475 $ 1,054,319 (1) Action Sports includes the operating segments: Sports Protection and Cycling. (2) Outdoor Recreation includes the operating segments: Hydration, Outdoor Cooking, and Golf.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Sep. 26, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	In computing EPS for the periods presented, earnings, as reported for each respective period, is divided by the number of shares below (in thousands): Three months ended Six months ended (Amounts in thousands except per share data) September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020 Numerator: Net income $ 139,540 $ 79,645 $ 242,265 $ 120,121 Denominator: Weighted-average number of common shares outstanding basic: 57,353 58,193 57,732 58,124 Dilutive effect of share-based awards (1) 1,863 1,121 1,845 942 Diluted shares 59,216 59,314 59,577 59,066 Earnings per common share: Basic $ 2.43 $ 1.37 $ 4.20 $ 2.07 Diluted $ 2.36 $ 1.34 $ 4.07 $ 2.03 (1) Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the common stock, were 0 and 527 for the three and six months ended September 26, 2021, respectively, and 26 and 296 for the three and six months ended September 27, 2020, respectively.

Receivables (Tables)

Receivables (Tables)	6 Months Ended
	Sep. 26, 2021
Receivables [Abstract]
Schedule of accounts, notes, loans and financing receivable	Net receivables are summarized as follows: September 26, 2021 March 31, 2021 Trade receivables $ 423,730 $ 307,098 Other receivables 7,558 7,899 Less: allowance for estimated credit losses and discounts (16,701) (13,422) Net receivables $ 414,587 $ 301,575 Note Receivable is summarized as follows: September 26, 2021 March 31, 2021 Principal $ 12,000 $ 12,000 Less: unamortized discount (2,759) (3,189) Note receivable, net, included within Deferred charges and other non-current assets $ 9,241 $ 8,811
Schedule of reconciliation of activity related to the allowance for estimated credit losses and discounts	The following provides a reconciliation of the activity related to the allowance for estimated credit losses and discounts for the six months ended September 26, 2021: Balance, March 31, 2021 $ 13,422 Provision for credit losses 1,459 Write-off of uncollectible amounts, net of recoveries (688) Discounts and other adjustments 2,508 Balance, September 26, 2021 $ 16,701

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Sep. 26, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Current net inventories consist of the following: September 26, 2021 March 31, 2021 Raw materials $ 155,509 $ 133,970 Work in process 58,094 47,829 Finished goods 347,903 272,705 Net inventories $ 561,506 $ 454,504

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (AOCL) (Tables)	6 Months Ended
	Sep. 26, 2021
Equity [Abstract]
Schedule of components of AOCL, net of income taxes	The components of AOCL, net of income taxes, are as follows: September 26, 2021 March 31, 2021 Derivatives $ (212) $ 161 Pension and other postretirement benefits liabilities (76,734) (78,166) Cumulative translation adjustment (5,321) (5,190) Total AOCL $ (82,267) $ (83,195)
Schedule of changes in balance of AOCL, net of income taxes	The following tables detail the amounts reclassified from AOCL to earnings as well as the changes in derivatives, pension and other postretirement benefits, and foreign currency translation, net of income tax: Three months ended September 26, 2021 Six months ended September 26, 2021 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ 224 $ (77,440) $ (4,984) $ (82,200) $ 161 $ (78,166) $ (5,190) $ (83,195) Change in fair value of derivatives 118 — — 118 767 — — 767 Net gains reclassified from AOCL (554) — — (554) (1,140) — — (1,140) Net actuarial losses reclassified from AOCL (1) — 801 — 801 — 1,599 — 1,599 Prior service costs reclassified from AOCL (1) — (95) — (95) — (167) — (167) Net change in cumulative translation adjustment — — (337) (337) — — (131) (131) Ending balance in AOCL $ (212) $ (76,734) $ (5,321) $ (82,267) $ (212) $ (76,734) $ (5,321) $ (82,267) (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. Three months ended September 27, 2020 Six months ended September 27, 2020 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ (445) $ (92,463) $ (5,866) $ (98,774) $ (1,426) $ (93,353) $ (6,215) $ (100,994) Change in fair value of derivatives 598 — — 598 593 — — 593 Net losses reclassified from AOCL 95 — — 95 1,081 1,081 Net actuarial losses reclassified from AOCL (1) — 970 — 970 — 1,938 — 1,938 Prior service costs reclassified from AOCL (1) — (79) — (79) — (157) — (157) Net change in cumulative translation adjustment — — 160 160 — — 509 509 Ending balance in AOCL $ 248 $ (91,572) $ (5,706) $ (97,030) $ 248 $ (91,572) $ (5,706) $ (97,030) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Sep. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill by segment	Changes in the carrying value of goodwill by segment was as follows: Shooting Sports Outdoor Products Total Balance, March 31, 2021 $ 86,082 $ — $ 86,082 Acquisitions 23 11,668 11,691 Balance, September 26, 2021 $ 86,105 $ 11,668 $ 97,773
Schedule of net intangibles	Intangible assets by major asset class consisted of the following: September 26, 2021 March 31, 2021 Gross Accumulated Total Gross Accumulated Total Trade names $ 63,160 $ (20,308) $ 42,852 $ 49,560 $ (18,174) $ 31,386 Patented technology 16,954 (11,770) 5,184 16,954 (11,354) 5,600 Customer relationships and other 247,247 (106,770) 140,477 241,306 (98,939) 142,367 Total 327,361 (138,848) 188,513 307,820 (128,467) 179,353 Non-amortizing trade names 135,602 — 135,602 135,602 — 135,602 Net intangible assets $ 462,963 $ (138,848) $ 324,115 $ 443,422 $ (128,467) $ 314,955
Schedule of net intangibles	Intangible assets by major asset class consisted of the following: September 26, 2021 March 31, 2021 Gross Accumulated Total Gross Accumulated Total Trade names $ 63,160 $ (20,308) $ 42,852 $ 49,560 $ (18,174) $ 31,386 Patented technology 16,954 (11,770) 5,184 16,954 (11,354) 5,600 Customer relationships and other 247,247 (106,770) 140,477 241,306 (98,939) 142,367 Total 327,361 (138,848) 188,513 307,820 (128,467) 179,353 Non-amortizing trade names 135,602 — 135,602 135,602 — 135,602 Net intangible assets $ 462,963 $ (138,848) $ 324,115 $ 443,422 $ (128,467) $ 314,955
Schedule of expected future amortization expense	As of September 26, 2021, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2022 $ 10,670 Fiscal year 2023 21,233 Fiscal year 2024 21,181 Fiscal year 2025 21,163 Fiscal year 2026 18,153 Thereafter 96,113 Total $ 188,513

Other Current and Non-current_2

Other Current and Non-current Liabilities (Tables)	6 Months Ended
	Sep. 26, 2021
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: September 26, 2021 March 31, 2021 Accrual for in-transit inventory $ 22,478 $ 24,356 Other 104,270 96,212 Total other current liabilities $ 126,748 $ 120,568 Long-term portion of accrued income tax liability $ 28,295 $ 23,000 Other 42,292 19,448 Total other non-current liabilities $ 70,587 $ 42,448
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, 2021 $ 8,696 Payments made (377) Warranties issued 849 Changes related to pre-existing warranties and other adjustments (229) Balance, September 26, 2021 $ 8,939

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Sep. 26, 2021
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consisted of the following: September 26, 2021 March 31, 2021 4.5% Senior Notes $ 500,000 $ 500,000 Less: unamortized deferred financing costs (4,159) (4,436) Carrying amount of long-term debt $ 495,841 $ 495,564

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
	Sep. 26, 2021
Segment Reporting [Abstract]
Summary Results by Segment	The following tables contain information utilized by management to evaluate our operating segments for the interim periods presented: Three months ended September 26, 2021 Six months ended September 26, 2021 Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 566,349 $ 212,111 $ — $ 778,460 $ 1,029,668 $ 411,704 $ — $ 1,441,372 Gross Profit 239,202 59,719 — 298,921 420,530 120,202 (384) 540,348 EBIT 194,582 23,662 (27,505) 190,739 336,304 49,589 (51,498) 334,395 Three months ended September 27, 2020 Six months ended September 27, 2020 Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Shooting Sports Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 379,687 $ 195,492 $ — $ 575,179 $ 713,844 $ 340,475 $ — $ 1,054,319 Gross Profit 104,983 56,907 — 161,890 189,484 97,774 — 287,258 EBIT 70,337 26,385 (21,466) 75,256 124,901 37,892 (39,494) 123,299

Significant Accounting Polici_3

Significant Accounting Policies (Details)	6 Months Ended
	Sep. 26, 2021reportable_segmentfacility
Accounting Policies [Abstract]
Number of reportable segments | reportable_segment	2
Number of manufacturing and distribution facilities | facility	18

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 05, 2019	Sep. 26, 2021	Mar. 31, 2021
Fair value of assets and liabilities
Receivable with imputed interest, face amount	$ 12,000	$ 12,000	$ 12,000
Note receivable with imputed interest, term of contract	5 years
Long-term debt		495,841	495,564
Senior Notes, 4.5% | Carrying amount
Fair value of assets and liabilities
Fixed-rate debt		500,000	500,000
Senior Notes, 4.5%
Fair value of assets and liabilities
Long-term debt			$ 500,000
Long-term debt, percentage bearing fixed interest, percentage rate			4.50%
Fair value of assets and liabilities that are measured on a recurring basis | Fair value
Fair value of assets and liabilities
Receivable with imputed interest, effective yield (interest rate)	10.00%
Fair value of assets and liabilities that are measured on a recurring basis | Senior Notes, 4.5% | Fair value
Fair value of assets and liabilities
Fixed-rate debt		$ 516,250	$ 493,750

Leases - Narrative (Details)

Leases - Narrative (Details)	Sep. 26, 2021
Minimum
Lessee, Lease, Description [Line Items]
Renewal term (in years)	5 years

Leases - Operating Lease Assets

Leases - Operating Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Leases [Abstract]
Operating lease assets	$ 74,384	$ 72,400
Operating lease liabilities	11,277	10,044
Operating lease liabilities	78,126	77,375
Total lease liabilities	$ 89,403	$ 87,419

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020	Mar. 31, 2021
Leases [Abstract]
Fixed operating lease costs	$ 5,386	$ 5,052	$ 10,502	$ 10,111
Variable operating lease costs	914	659	1,583	1,241
Sublease income	(107)	(277)	(151)	(665)
Net Lease costs	$ 6,193	$ 5,434	$ 11,934	$ 10,687
Weighted Average Remaining Lease Term (Years):	8 years 9 months 18 days		8 years 9 months 18 days		9 years 3 months 25 days
Weighted Average Discount Rate:	8.37%		8.37%		8.64%

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Leases [Abstract]
Remainder of fiscal year 2022	$ 9,210
Fiscal year 2023	17,201
Fiscal year 2024	14,990
Fiscal year 2025	14,152
Fiscal year 2026	12,909
Thereafter	61,532
Total lease payments	129,994
Less imputed interest	(40,591)
Present value of lease liabilities	$ 89,403	$ 87,419

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities:	$ 8,966	$ 9,080
Operating lease assets obtained in exchange for lease liabilities:	$ 5,785	$ 1,285

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) - QuietKat $ in Thousands	3 Months Ended
	Jun. 27, 2021USD ($)
Business Acquisition [Line Items]
Business combination, contingent consideration, liability	$ 22,400
Other payments to acquire businesses	$ 13,000
Business acquisition, milestone payment period (in years)	3 years

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Remington Purchase Price Allocation (Details) - USD ($) $ in Thousands	Oct. 12, 2020	Sep. 26, 2021	Mar. 31, 2021
Total purchase price:
Goodwill		$ 97,773	$ 86,082
Remington Outdoor Company, Inc.
Total purchase price:
Cash paid	$ 81,400
Cash paid for working capital	291
Total purchase price	81,691
Inventories	20,021
Intangible assets	26,200
Property, plant, and equipment	31,200
Other assets	3,363
Total assets	80,784
Accounts payable	311
Other liabilities	2,969
Total liabilities	3,280
Net assets acquired	77,504
Goodwill	$ 4,187

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Indefinite and Finite-lived Intangible Assets Acquired (Details) - Remington Outdoor Company, Inc. $ in Thousands	Oct. 12, 2020USD ($)
Trade names
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets acquired	$ 24,500
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 1,700
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Divestiture of Business (Details) $ in Thousands	3 Months Ended
	Dec. 27, 2020USD ($)
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on divestiture of business	$ 18,467

Derivative Financial Instrume_2

Derivative Financial Instruments (Details) lb in Thousands	6 Months Ended
	Sep. 26, 2021lb
Lead Forward Contract
Derivative [Line Items]
Derivative, notional amount, mass	4,400

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Disaggregation of Revenue [Line Items]
Sales, net	$ 778,460	$ 575,179	$ 1,441,372	$ 1,054,319
Minimum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms (in days)			30 days
Maximum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms (in days)			60 days
United States
Disaggregation of Revenue [Line Items]
Sales, net	677,206	504,523	$ 1,235,160	926,927
Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	101,254	70,656	206,212	127,392
Ammunition
Disaggregation of Revenue [Line Items]
Sales, net	450,193	272,219	814,481	533,981
Hunting and Shooting
Disaggregation of Revenue [Line Items]
Sales, net	116,156	107,468	215,187	179,863
Action Sports (1)
Disaggregation of Revenue [Line Items]
Sales, net	104,645	97,447	196,787	170,306
Outdoor Recreation (2)
Disaggregation of Revenue [Line Items]
Sales, net	107,466	98,045	214,917	170,169
Shooting Sports
Disaggregation of Revenue [Line Items]
Sales, net	566,349	379,687	1,029,668	713,844
Shooting Sports | United States
Disaggregation of Revenue [Line Items]
Sales, net	533,542	352,740	943,427	660,127
Shooting Sports | Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	32,807	26,947	86,241	53,717
Shooting Sports | Ammunition
Disaggregation of Revenue [Line Items]
Sales, net	450,193	272,219	814,481	533,981
Shooting Sports | Hunting and Shooting
Disaggregation of Revenue [Line Items]
Sales, net	116,156	107,468	215,187	179,863
Outdoor Products
Disaggregation of Revenue [Line Items]
Sales, net	212,111	195,492	411,704	340,475
Outdoor Products | United States
Disaggregation of Revenue [Line Items]
Sales, net	143,664	151,783	291,733	266,800
Outdoor Products | Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	68,447	43,709	119,971	73,675
Outdoor Products | Action Sports (1)
Disaggregation of Revenue [Line Items]
Sales, net	104,645	97,447	196,787	170,306
Outdoor Products | Outdoor Recreation (2)
Disaggregation of Revenue [Line Items]
Sales, net	$ 107,466	$ 98,045	$ 214,917	$ 170,169

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Earnings Per Share [Abstract]
Net income	$ 139,540	$ 79,645	$ 242,265	$ 120,121
Basic EPS shares outstanding (in shares)	57,353	58,193	57,732	58,124
Dilutive effect of stock-based awards (in shares)	1,863	1,121	1,845	942
Diluted EPS shares outstanding (in shares)	59,216	59,314	59,577	59,066
Basic (in dollars per share)	$ 2.43	$ 1.37	$ 4.20	$ 2.07
Diluted (in dollars per share)	$ 2.36	$ 1.34	$ 4.07	$ 2.03
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	26	527	296

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Sep. 26, 2021	Mar. 31, 2021	Jul. 05, 2019
Receivables [Abstract]
Trade receivables	$ 423,730	$ 307,098
Other receivables	7,558	7,899
Less: allowance for estimated credit losses and discounts	(16,701)	(13,422)
Net receivables	414,587	301,575
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable with imputed interest, face amount	12,000	12,000	$ 12,000
Receivable with Imputed Interest, Discount	(2,759)	(3,189)
Receivable with Imputed Interest, Net Amount	$ 9,241	$ 8,811
Walmart | Accounts Receivable | Credit Concentration Risk
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	17.00%	18.00%

Receivables - Schedule of Recon

Receivables - Schedule of Reconciliation of Activity Related to the Allowance for Estimated Credit Losses and Discounts (Details) $ in Thousands	6 Months Ended
	Sep. 26, 2021USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 13,422
Provision for credit losses	1,459
Write-off of uncollectible amounts, net of recoveries	(688)
Discounts and other adjustments	2,508
Balance at end of period	$ 16,701

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 155,509	$ 133,970
Work in process	58,094	47,829
Finished goods	347,903	272,705
Net inventories	561,506	454,504
Long-term inventories	$ 11,496	$ 12,226

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (AOCL) (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Jun. 27, 2021	Mar. 31, 2021	Sep. 27, 2020	Jun. 28, 2020	Mar. 31, 2020
Equity [Abstract]
Derivatives	$ (212)		$ 161
Pension and other postretirement benefits liabilities	(76,734)		(78,166)
Cumulative translation adjustment	(5,321)		(5,190)
Total AOCL	$ (82,267)	$ (82,200)	$ (83,195)	$ (97,030)	$ (98,774)	$ (100,994)

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		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivatives, beginning balance	$ 224	$ (445)	$ 161	$ (1,426)
Pension and other postretirement benefits liabilities, beginning balance			(78,166)
Cumulative translation adjustment, beginning balance			(5,190)
AOCL, Total, beginning balance	(82,200)	(98,774)	(83,195)	(100,994)
Change in fair value of derivatives	118	598	767	593
Net gains reclassified from AOCL	(554)	95	(1,140)	1,081
Net actuarial losses reclassified from AOCL	801	970	1,599	1,938
Prior service costs reclassified from AOCL	(95)	(79)	(167)	(157)
Net change in cumulative translation adjustment	(337)	160	(131)	509
Derivatives, ending balance	212	(248)	212	(248)
Pension and other postretirement benefits liabilities, ending balance	(76,734)		(76,734)
Cumulative translation adjustment, ending balance	(5,321)		(5,321)
AOCL, Total, ending balance	(82,267)	(97,030)	(82,267)	(97,030)
Pension and Other Postretirement Benefits Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Pension and other postretirement benefits liabilities, beginning balance	(77,440)	(92,463)	(78,166)	(93,353)
Pension and other postretirement benefits liabilities, ending balance	(76,734)	(91,572)	(76,734)	(91,572)
Cumulative Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative translation adjustment, beginning balance	(4,984)	(5,866)	(5,190)	(6,215)
Cumulative translation adjustment, ending balance	(5,321)	(5,706)	(5,321)	(5,706)
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in fair value of derivatives	118	598	767	593
Net gains reclassified from AOCL	(554)	95	(1,140)	(1,081)
Net actuarial losses reclassified from AOCL	801	970	1,599	1,938
Prior service costs reclassified from AOCL	(95)	(79)	(167)	(157)
Net change in cumulative translation adjustment	$ (337)	$ 160	$ (131)	$ 509

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 5,419	$ 4,946	$ 10,417	$ 9,899

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Goodwill Rollforward) (Details) $ in Thousands	6 Months Ended
	Sep. 26, 2021USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 86,082
Acquisitions	11,691
Goodwill, ending balance	97,773
Shooting Sports
Goodwill [Roll Forward]
Goodwill, beginning balance	86,082
Acquisitions	23
Goodwill, ending balance	86,105
Outdoor Products
Goodwill [Roll Forward]
Goodwill, beginning balance	0
Acquisitions	11,668
Goodwill, ending balance	$ 11,668

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Schedule of Net Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Amortizing assets
Gross carrying amount	$ 327,361	$ 307,820
Accumulated amortization	(138,848)	(128,467)
Total	188,513	179,353
Intangible assets, gross	462,963	443,422
Net intangible assets	324,115	314,955
Trade names
Amortizing assets
Non-amortizing trade names	135,602	135,602
Trade names
Amortizing assets
Gross carrying amount	63,160	49,560
Accumulated amortization	(20,308)	(18,174)
Total	42,852	31,386
Patented technology
Amortizing assets
Gross carrying amount	16,954	16,954
Accumulated amortization	(11,770)	(11,354)
Total	5,184	5,600
Customer relationships and other
Amortizing assets
Gross carrying amount	247,247	241,306
Accumulated amortization	(106,770)	(98,939)
Total	$ 140,477	$ 142,367

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal year 2022	$ 10,670
Fiscal year 2023	21,233
Fiscal year 2024	21,181
Fiscal year 2025	21,163
Fiscal year 2026	18,153
Thereafter	96,113
Total	$ 188,513	$ 179,353

Other Current and Non-current_3

Other Current and Non-current Liabilities (Components of Current and Non-current Liabilities) (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrual for in-transit inventory	$ 22,478	$ 24,356
Other	104,270	96,212
Total other current liabilities	126,748	120,568
Long-term portion of accrued income tax liability	28,295	23,000
Other	42,292	19,448
Total other non-current liabilities	$ 70,587	$ 42,448

Other Current and Non-current_4

Other Current and Non-current Liabilities (Narrative) (Details)	6 Months Ended
	Sep. 26, 2021
Minimum
Product Warranty Liability [Line Items]
Standard product warranty	one year

Other Current and Non-current_5

Other Current and Non-current Liabilities (Product Warranty Rollforward) (Details) $ in Thousands	6 Months Ended
	Sep. 26, 2021USD ($)
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance, March 31, 2021	$ 8,696
Payments made	(377)
Warranties issued	849
Changes related to pre-existing warranties and other adjustments	(229)
Balance, September 26, 2021	$ 8,939

Long-term Debt (Components of L

Long-term Debt (Components of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Long-Term Debt
Less: unamortized deferred financing costs	$ (4,159)	$ (4,436)
Carrying amount of long-term debt	495,841	495,564
Senior Notes | Senior Notes, 4.5%
Long-Term Debt
4.5% Senior Notes	$ 500,000	$ 500,000

Long-term Debt (Narrative - Cre

Long-term Debt (Narrative - Credit Agreement) (Details) - USD ($)	6 Months Ended
	Sep. 26, 2021	Mar. 31, 2021	Nov. 19, 2018
Guarantor Subsidiaries
Long-Term Debt
Subsidiaries owned, percentage	100.00%
Senior Notes, 4.5% | Carrying amount
Long-Term Debt
Fixed-rate debt	$ 500,000,000	$ 500,000,000
Line of Credit
Long-Term Debt
Annual commitment fee on the unused portion (as a percent)	0.175%
Senior Notes, 4.5%
Long-Term Debt
Interest rate, stated percentage		4.50%
Deferred finance costs gross, accordion feature	$ 4,481,000
Amortization of debt issuance costs, period (in years)	8 years
Bottom threshold of guarantee	$ 75,000,000
Senior Notes | Senior Notes, 4.5%
Long-Term Debt
Principal amount of long-term debt	$ 500,000,000	$ 500,000,000
Senior Notes | Senior Notes, 4.5% | Debt Instrument, Redemption, Period One
Long-Term Debt
Percentage of principal amount redeemed	100.00%
Senior Notes | Senior Notes, 4.5% | Debt Instrument, Redemption, Period Two
Long-Term Debt
Percentage of principal amount redeemable	0.40
Percentage of principal amount redeemable, period two	104.50%
Revolving Credit Facility | Line of Credit | ABL Revolving Credit Facility, 2021
Long-Term Debt
Face amount			$ 450,000,000
Principal amount of long-term debt	$ 0
Letters of credit outstanding, amount	19,200,000
Line of credit facility, current borrowing capacity	45,000,000	42,500,000
Line of credit facility, remaining borrowing capacity	$ 385,800,000
Annual commitment fee on the unused portion (as a percent)	0.175%
Deferred finance costs gross, accordion feature	$ 6,004,000
Covenant, minimum threshold line of capacity	10.00%
Non-First-in, Last-out, Revolving Credit Facility | LIBOR | ABL Revolving Credit Facility, 2021
Long-Term Debt
Basis spread on variable rate margin (as a percent)	1.25%
Minimum | Non-First-in, Last-out, Revolving Credit Facility | Base Rate | ABL Revolving Credit Facility, 2021
Long-Term Debt
Basis spread on variable rate margin (as a percent)	0.25%
Maximum | Revolving Credit Facility | Line of Credit | ABL Revolving Credit Facility, 2021
Long-Term Debt
Line of credit facility, increased borrowing capacity, amount		$ 150,000
Maximum | Non-First-in, Last-out, Revolving Credit Facility | Base Rate | ABL Revolving Credit Facility, 2021
Long-Term Debt
Basis spread on variable rate margin (as a percent)	0.75%
Maximum | Non-First-in, Last-out, Revolving Credit Facility | LIBOR | ABL Revolving Credit Facility, 2021
Long-Term Debt
Basis spread on variable rate margin (as a percent)	1.75%

Long-term Debt (Narrative - Cas

Long-term Debt (Narrative - Cash Paid for Interest on Debt) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Debt Disclosure [Abstract]
Interest paid, including capitalized interest	$ 12,200	$ 654	$ 12,200	$ 7,956

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Defined Benefit Plans
Defined benefit plan, net periodic benefit	$ 3,000	$ (22,000)	$ 38,000	$ (43,000)
Pension Plan
Defined Benefit Plans
Contribution by employer			1,300,000	7,100,000
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plans
Contribution by employer			0	0
Required and expected contributions by employer for remainder of fiscal year	0		0
Supplemental Employee Retirement Plan
Defined Benefit Plans
Required and expected contributions by employer for remainder of fiscal year	$ 0		0
Distributions by employer			$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax provision (as a percent)	24.50%	(14.50%)	24.90%	(8.10%)
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21.00%		21.00%
Income taxes paid, net			$ 47,697	$ 6,335
Income taxes receivable	$ 42,193		42,193
Income tax receivable, current	10,898		10,898		$ 37,870
Potential reduction of uncertain tax benefits over the next 12 months from audit settlements	7,479		7,479
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	$ 6,671		$ 6,671

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	Sep. 26, 2021	Mar. 31, 2021
Loss Contingency [Abstract]
Accrual for environmental loss contingencies	$ 695	$ 696

Operating Segment Information_2

Operating Segment Information (Narrative) (Details)	6 Months Ended
	Sep. 26, 2021operating_segmentreportable_segment	Sep. 27, 2020
Revenue, Major Customer [Line Items]
Number of operating segments | operating_segment	7
Number of reportable segments | reportable_segment	2
Major customer	Walmart
Revenue from Contract with Customer Benchmark | Customer Concentration Risk | Walmart
Revenue, Major Customer [Line Items]
Concentration risk, percentage		10.00%
Shooting Sports
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage	71.00%
Outdoor Products
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage	29.00%

Operating Segment Information_3

Operating Segment Information (Schedule of Results by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 26, 2021	Sep. 27, 2020	Sep. 26, 2021	Sep. 27, 2020
Segment Reporting Information [Line Items]
Sales, net	$ 778,460	$ 575,179	$ 1,441,372	$ 1,054,319
Gross profit	298,921	161,890	540,348	287,258
EBIT	190,739	75,256	334,395	123,299
Corporate and other reconciling items
Segment Reporting Information [Line Items]
Sales, net	0	0	0	0
Gross profit	0	0	(384)	0
EBIT	(27,505)	(21,466)	(51,498)	(39,494)
Shooting Sports
Segment Reporting Information [Line Items]
Sales, net	566,349	379,687	1,029,668	713,844
Shooting Sports | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	566,349	379,687	1,029,668	713,844
Gross profit	239,202	104,983	420,530	189,484
EBIT	194,582	70,337	336,304	124,901
Shooting Sports | Operating Segments | Inventory step-up, net | HEVI-Shot
Segment Reporting Information [Line Items]
Fair value step-up in inventory allocated from acquisition	0		384
Outdoor Products
Segment Reporting Information [Line Items]
Sales, net	212,111	195,492	411,704	340,475
Outdoor Products | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	212,111	195,492	411,704	340,475
Gross profit	59,719	56,907	120,202	97,774
EBIT	23,662	$ 26,385	49,589	$ 37,892
Outdoor Products | Operating Segments | QuietKat
Segment Reporting Information [Line Items]
Business combination, acquisition related costs	$ 1,245		$ 1,792

Subsequent Event (Details)

Subsequent Event (Details) - Foresight Sports - USD ($) $ in Thousands	Sep. 28, 2021	Sep. 26, 2021
Subsequent Event [Line Items]
Business combination, acquisition related costs		$ 2,058
Subsequent Event
Subsequent Event [Line Items]
Business combination, consideration transferred	$ 474,000
Subsequent Event | Employee Retention Payments
Subsequent Event [Line Items]
Business combination, separately recognized transactions, post combination compensation expense	5,599
Subsequent Event | Contingent Payments Related To Net Sales Targets Being Met
Subsequent Event [Line Items]
Business combination, separately recognized transactions, post combination compensation expense	$ 25,000