Vista Outdoor (GEAR) 10-Q 3 Nov 22 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Sep. 25, 2022	Oct. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 25, 2022
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		56,573,110
Entity Central Index Key	0001616318
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 66,065	$ 22,584
Net receivables	431,703	356,773
Net inventories	777,974	642,976
Income tax receivable	49,010	43,560
Other current assets	67,119	45,050
Total current assets	1,391,871	1,110,943
Net property, plant, and equipment	231,795	211,087
Operating lease assets	101,942	78,252
Goodwill	804,820	481,857
Net intangible assets	798,200	459,795
Deferred charges and other non-current assets, net	69,295	54,267
Total assets	3,397,923	2,396,201
Long-Term Debt, Current Maturities	140,000	0
Current liabilities:
Accounts payable	178,732	146,697
Accrued compensation	58,049	79,171
Federal excise, use, and other taxes	40,652	40,825
Other current liabilities	194,002	127,180
Total current liabilities	611,435	393,873
Long-term debt	1,167,262	666,114
Deferred income tax liabilities	89,140	29,304
Long-term operating lease liabilities	96,663	80,083
Accrued pension and postemployment benefits	21,748	22,634
Other long-term liabilities	62,224	79,794
Total liabilities	2,048,472	1,271,802
Commitments and contingencies (Notes 3, 13, and 16)
Issued and outstanding — 56,566,915 shares as of September 25, 2022 and 56,093,456 shares as of March 31, 2022	566	560
Additional paid-in capital	1,717,750	1,730,927
Accumulated deficit	(1,340)	(220,810)
Accumulated other comprehensive loss	(77,440)	(76,679)
Common stock in treasury, at cost — 7,397,524 shares held as of September 25, 2022 and 7,870,983 shares held as of March 31, 2022	(290,085)	(309,599)
Total stockholders' equity	1,349,451	1,124,399
Total liabilities and stockholders' equity	$ 3,397,923	$ 2,396,201

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares	Sep. 25, 2022	Mar. 31, 2022
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)	56,566,915	56,093,456
Common stock, outstanding (in shares)	56,566,915	56,093,456
Common stock in treasury (in shares)	7,397,524	7,870,983

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Income Statement [Abstract]
Sales, net	$ 781,678	$ 778,460	$ 1,584,290	$ 1,441,372
Cost of sales	518,804	479,539	1,027,946	901,024
Gross profit	262,874	298,921	556,344	540,348
Operating expenses:
Research and development	11,154	6,440	19,051	12,308
Selling, general, and administrative	120,553	101,742	233,701	193,645
Operating Income (Loss)	131,167	190,739	303,592	334,395
Other Nonoperating Income (Expense)	741	0	741	0
EBIT	131,908	190,739	304,333	334,395
Interest expense, net	(13,934)	(5,929)	(20,244)	(11,607)
Earnings before income taxes	117,974	184,810	284,089	322,788
Income tax provision	(24,519)	(45,270)	(64,619)	(80,523)
Net income	$ 93,455	$ 139,540	$ 219,470	$ 242,265
Earnings per common share:
Basic (in dollars per share)	$ 1.65	$ 2.43	$ 3.88	$ 4.20
Diluted (in dollars per share)	$ 1.62	$ 2.36	$ 3.78	$ 4.07
Weighted-average number of common shares outstanding:
Basic (in shares)	56,553	57,353	56,520	57,732
Diluted (in shares)	57,814	59,216	58,098	59,577
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 $0 and $0 for the three and six months ended September 25, 2022, respectively, and $31 and $54 for the three and six months ended September 26, 2021, respectively	$ 0	$ (95)	$ 0	$ (167)
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax (expense) of $(221) and $(442) for the three and six months ended September 25, 2022, respectively, and $(260) and $(519) for the three and six months ended September 26, 2021, respectively	694	801	1,388	1,599
Change in derivatives, net of tax benefit of $92 and $781 for the three and six months ended September 25, 2022, respectively, and $141 and $121 for the three and six months ended September 26, 2021, respectively	(287)	(436)	(278)	(373)
Change in cumulative translation adjustment, net of tax benefit (expense) of $0 and $(167) for the three and six months ended September 25, 2022, respectively, and $0 and $0 for the three and six months ended September 26, 2021, respectively	(1,398)	(337)	(1,871)	(131)
Total other comprehensive (loss) income	(991)	(67)	(761)	928
Comprehensive income	$ 92,464	$ 139,473	$ 218,709	$ 243,193

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Income Statement [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	$ 0	$ 31	$ 0	$ 54
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	(221)	(260)	(442)	(519)
Change in derivatives, net of tax benefit of $92 and $781 for the three and six months ended September 25, 2022, respectively, and $141 and $121 for the three and six months ended September 26, 2021, respectively	92	141	(781)	(121)
Change in cumulative translation adjustment, net of tax benefit (expense) of $0 and $(167) for the three and six months ended September 25, 2022, respectively, and $0 and $0 for the three and six months ended September 26, 2021, respectively	$ 0	$ 0	$ (167)	$ 0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021
Operating Activities
Net income	$ 219,470	$ 242,265
Adjustments to net income to arrive at cash provided by operating activities:
Depreciation	23,317	22,267
Amortization of intangible assets	18,983	10,417
Amortization of deferred financing costs	2,518	701
Change in fair value of contingent consideration	(11,425)	0
Deferred income taxes	(124)	269
(Gain) on Foreign Exchange	(741)	0
Loss on disposal of property, plant, and equipment	551	99
Share-based compensation	14,756	13,812
Changes in assets and liabilities:
Net receivables	(25,601)	(112,256)
Net inventories	(36,042)	(105,269)
Accounts payable	10,092	16,957
Accrued compensation	(26,233)	(8,489)
Accrued income taxes	4,313	32,250
Federal excise, use, and other taxes	(1,261)	9,494
Pension and other postretirement benefits	944	(1,299)
Other assets and liabilities	(115)	(16,038)
Cash provided by operating activities	193,402	105,180
Investing Activities:
Capital expenditures	(12,957)	(14,439)
Acquisition of businesses, net of cash received	(761,170)	(8,488)
Proceeds from the disposition of property, plant, and equipment	43	8
Cash used for investing activities	(774,084)	(22,919)
Financing Activities:
Proceeds from credit facility	465,000	0
Repayments of credit facility	(165,000)	0
Payments made for debt issuance costs	(15,905)	(1,018)
Proceeds from issuance of debt	350,000	0
Purchase of treasury shares	0	(56,239)
Proceeds from exercise of stock options	181	228
Payment of employee taxes related to vested stock awards	(8,889)	(3,039)
Cash provided by (used ) for financing activities	625,387	(60,068)
Effect of foreign exchange rate fluctuations on cash	(1,224)	(157)
Increase in cash and cash equivalents	43,481	22,036
Cash and cash equivalents at beginning of period	22,584	243,265
Cash and cash equivalents at end of period	66,065	265,301
Supplemental Cash Flow Disclosures:
Capital expenditures included in accounts payable	2,681	3,085
Contingent consideration in connection with business combinations	$ 11,400	$ 22,400

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
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 Stock, Value, Acquired, Cost Method	(44,232)					(44,232)
Treasury shares purchased (in shares)		(1,212,496)
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
Treasury Stock, Value, Acquired, Cost Method	(12,007)					(12,007)
Treasury shares purchased (in shares)		(311,187)
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)
Increase (Decrease) in Stockholders' Equity
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ (120)		(12)			108
Employee stock purchase plan (in shares)		2,726
Beginning balance (in shares) at Mar. 31, 2022	56,093,456	56,093,456
Beginning balance at Mar. 31, 2022	$ 1,124,399	$ 560	1,730,927	(220,810)	(76,679)	(309,599)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	126,245			126,015	230
Exercise of stock options (in shares)		9,150
Exercise of stock options	(147)		212			(359)
Share-based compensation	7,257		7,257
Restricted stock vested and shares withheld (in shares)		413,089
Restricted stock vested and shares withheld	8,736		25,892			(17,156)
Other (in shares)		8,387
Other		$ 5
Other	0		321			(316)
Ending balance (in shares) at Jun. 26, 2022		56,524,082
Ending balance at Jun. 26, 2022	$ 1,249,312	$ 565	1,711,759	(94,795)	(76,449)	(291,768)
Beginning balance (in shares) at Mar. 31, 2022	56,093,456	56,093,456
Beginning balance at Mar. 31, 2022	$ 1,124,399	$ 560	1,730,927	(220,810)	(76,679)	(309,599)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	$ 218,709
Ending balance (in shares) at Sep. 25, 2022	56,566,915	56,566,915
Ending balance at Sep. 25, 2022	$ 1,349,451	$ 566	1,717,750	(1,340)	(77,440)	(290,085)
Beginning balance (in shares) at Jun. 26, 2022		56,524,082
Beginning balance at Jun. 26, 2022	1,249,312	$ 565	1,711,759	(94,795)	(76,449)	(291,768)
Increase (Decrease) in Stockholders' Equity
Comprehensive income (loss)	92,464			93,455	(991)
Exercise of stock options (in shares)		4,000
Exercise of stock options	(34)		123			(157)
Share-based compensation	7,499		7,499
Restricted stock vested and shares withheld (in shares)		1,276
Restricted stock vested and shares withheld	17		72			(55)
Other (in shares)		31,555
Other		$ 1
Other	$ 0		1,237			(1,236)
Ending balance (in shares) at Sep. 25, 2022	56,566,915	56,566,915
Ending balance at Sep. 25, 2022	$ 1,349,451	$ 566	1,717,750	$ (1,340)	$ (77,440)	(290,085)
Increase (Decrease) in Stockholders' Equity
Stock Issued During Period, Value, Employee Stock Purchase Plan	$ (159)		$ 76			$ (235)
Employee stock purchase plan (in shares)		6,002

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) (Parenthetical) - $ / shares	Sep. 25, 2022	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Sep. 25, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	The Company and Basis of Presentation 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 recreation and shooting sports products. We operate through two reportable segments, Sporting Products and Outdoor Products. We are headquartered in Anoka, Minnesota and have manufacturing and distribution facilities in the U.S., Canada, Mexico, Spain, the Netherlands and Puerto Rico along with international customer service, sales and sourcing operations in Asia and Europe. We have a robust global distribution network serving customers in over 100 countries. Vista Outdoor was incorporated in Delaware in 2014. 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. Management is responsible for the unaudited condensed consolidated financial statements included in this report, which in the opinion of management, include all adjustments necessary for a fair presentation of our financial position, results of operations, and cash flows for the periods and dates presented. These unaudited condensed consolidated financial statements 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, 2022 (“fiscal year 2022”), which was filed with the SEC on May 24, 2022.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Sep. 25, 2022
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: Derivatives 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 and to reduce the variability associated with exchange rate fluctuations. When actual commodity prices or foreign exchange rates exceed the fixed price provided by these contracts, we receive this difference from the counterparty, and when actual commodity prices or foreign exchange rates 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 In connection with some of our acquisitions, we recorded contingent consideration liabilities that can be earned by the sellers upon achievement of certain milestones. The liabilities are measured on a recurring basis and recorded at fair value, using a discounted cash flow analysis or 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, utilizing revenue projections for the respective earn-out period, corresponding targets and approximate timing of payments as outlined in the purchase agreements. The inputs used to calculate the fair value of the contingent consideration liabilities are considered to be Level 3 inputs due to the lack of relevant market activity and significant management judgment. Changes in the fair value of the contingent consideration obligation results from changes in discount periods and rates, and changes in probability assumptions with respect to the likelihood of achieving the performance targets. The fair value adjustments are recorded in selling, general, and administrative in the condensed consolidated statement of comprehensive income. As of September 25, 2022, the estimated fair values of contingent consideration payable related to our acquisitions of QuietKat, Fox Racing, Fiber Energy, Stone Glacier, and HEVI-Shot are $11,824, $11,400, $3,625, $9,939 and $277, respectively. See Note 4, Acquisitions, for additional information. Contingent consideration liabilities are reported under the following captions in the condensed consolidated balance sheets: September 25, 2022 March 31, 2022 Other current liabilities $ 21,837 $ 96 Other long-term liabilities 15,228 36,994 Total $ 37,065 $ 37,090 Following is a summary of our contingent consideration liability Level 3 activity during fiscal year 2023: Balance, March 31, 2022 $ 37,090 Acquisition of Fox Racing 11,400 Decrease in fair value (11,425) Balance, September 25, 2022 $ 37,065 Disclosures about the Fair Value of Financial Instruments The carrying amount of our receivables, inventory, accounts payable, and accrued liabilities as of September 25, 2022 and March 31, 2022 approximates fair value because of the short maturity of these instruments. The carrying values of cash and cash equivalents as of September 25, 2022 and March 31, 2022 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 25, 2022 March 31, 2022 Carrying Fair Carrying Fair Fixed-rate debt (1) $ 500,000 $ 366,500 $ 500,000 $ 460,000 Variable-rate debt (2) 820,000 820,000 170,000 170,000 (1) Fixed rate debt —In fiscal year 2021, we issued $500,000 aggregate principal amount o f 4.5% S enior Notes which will mature on March 15, 2029. These notes are unsecured and senior obligations. The fair value of the fixed-rate debt is based on market quotes for each issuance. We consider these to be Level 2 instruments. See Note 13, Long-term Debt, for additional information on long-term debt, including certain risks and uncertainties. (2) Variable rate debt — The carrying value of the amounts outstanding under our 2022 ABL Revolving Credit Facility and 2022 Term Loan approximates the fair value because the interest rates are variable and reflective of market rates as of September 25, 2022. The fair value of this debt is categorized within Level 2 of the fair value hierarchy based on the observable market borrowing rates. See Note 13, Long-term Debt, for additional information on our credit facilities, including certain risks and uncertainties.

Leases

Leases	6 Months Ended
	Sep. 25, 2022
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 25, 2022 March 31, 2022 Assets: Operating lease assets Operating lease assets $ 101,942 $ 78,252 Liabilities: Current: Operating lease liabilities Other current liabilities $ 15,980 $ 11,804 Long-term: Operating lease liabilities Long-term operating lease liabilities 96,663 80,083 Total lease liabilities $ 112,643 $ 91,887 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 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Fixed operating lease costs (1) $ 7,089 $ 5,386 $ 12,894 $ 10,502 Variable operating lease costs 995 914 1,458 1,583 Operating and sub-lease income (156) (107) (307) (151) Net Lease costs $ 7,928 $ 6,193 $ 14,045 $ 11,934 (1) Includes short-term leases September 25, 2022 March 31, 2022 Weighted Average Remaining Lease Term (Years): Operating leases 8.61 8.65 Weighted Average Discount Rate: Operating leases 8.28 % 7.99 % The approximate minimum lease payments under non-cancelable operating leases as of September 25, 2022 are as follows: Remainder of fiscal year 2023 $ 12,060 Fiscal year 2024 24,320 Fiscal year 2025 18,617 Fiscal year 2026 16,940 Fiscal year 2027 16,012 Thereafter 75,219 Total lease payments 163,168 Less imputed interest (50,525) Present value of lease liabilities $ 112,643 Supplemental cash flow information related to leases is as follows: Six months ended September 25, 2022 September 26, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 10,409 $ 8,966 Operating lease assets obtained in exchange for lease liabilities: Operating leases 30,378 5,785

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Sep. 25, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Acquisitions Simms Fishing During the second quarter of fiscal year 2023, we acquired Simms Fishing Products (Simms), a premium fishing brand and leading manufacturer of waders, outerwear, footwear and technical apparel. The results of this business are reported within the Outdoor Products segment. We accounted for the acquisition as a business combination using the acquisition method of accounting, and performed a preliminary allocation of the purchase price to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The preliminary fair values of acquired assets and liabilities assumed represent management’s estimate of fair value and are subject to change if additional information, such as post-close working capital adjustments becomes available. We expect to finalize the purchase price allocation as soon as practicable within the measurement period, but not later than one year following the acquisition date. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and synergies. Assembled workforce is not recognized separate and apart from goodwill as it is neither separable nor contractual in nature. The acquisition is not significant to our consolidated financial statements and as such we have not included disclosures of the allocation of the purchase price or any pro forma information. Fox Racing During the second quarter of fiscal year 2023, we acquired Fox (Parent) Holdings, Inc. (“Fox Racing”), for a base purchase price of $540,000, subject to certain customary adjustments for cash and debt, transaction expenses, and working capital. In connection with the acquisition, we refinanced our 2021 ABL Revolving Credit Facility by entering into the 2022 ABL Revolving Credit Facility, which provides for a $600,000 senior secured asset-based revolving credit facility, and a $350,000 term loan facility (the “2022 Term Loan”). The proceeds of the Term Facility, together with the proceeds of a borrowing under the ABL Credit Facility, were used to finance the acquisition and to pay related fees and expenses. See Note 13, Long-term Debt , for additional information. The agreement includes up to an additional $50,000 of contingent consideration payable to Seller and certain individuals during the second quarter of fiscal year 2024 if Fox Racing achieves certain adjusted Earnings Before Interest, Tax, Depreciation, and Amortization ("EBITDA") targets during the period beginning on January 1, 2022 and ending on December 31, 2022. The initial fair value of the contingent consideration was $11,400, and is included in the total purchase consideration below. See Note 2, Fair Value of Financial Instruments , for additional information related to the fair value calculation of contingent consideration. The results of this business are reported within the Sports Protection operating segment and the Outdoor Products reportable segment. We accounted for the acquisition as a business combination using the acquisition method of accounting, and performed a preliminary allocation of the purchase price to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The preliminary fair values of acquired assets and liabilities assumed represent management’s estimate of fair value and are subject to change if additional information, such as post-close working capital adjustments becomes available. We expect to finalize the purchase price allocation as soon as practicable within the measurement period, but not later than one year following the acquisition date. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and synergies. Assembled workforce is not recognized separate and apart from goodwill as it is neither separable nor contractual in nature. Fox Racing preliminary purchase price allocation: August 5, 2022 Cash consideration to the Seller $ 559,782 Cash held in escrow to cover purchase price adjustments 5,000 Estimated working capital true-up 6,216 Fair value of contingent consideration payable 11,400 Total estimated purchase consideration $ 582,398 Fair value of assets acquired: Accounts receivable $ 39,140 Inventories 95,759 Intangible assets 253,600 Property, plant, and equipment 29,060 Operating lease assets 16,078 Other current assets 16,743 Other long-term assets 5,347 Total assets 455,727 Fair value of liabilities assumed: Accounts payable 18,584 Long-term operating lease liabilities 11,971 Deferred income taxes 59,986 Other liabilities 38,998 Other long-term liabilities 41 Total liabilities 129,580 Net assets acquired 326,147 Goodwill $ 256,251 Fox Racing intangible assets above include: Value Useful life (years) Tradenames $ 106,200 Indefinite Customer relationships 147,400 5 to 15 Fox Racing supplemental pro forma data: Fox's net sales of $57,379 and net income of $4,805 since the acquisition date, August 5, 2022, were included in our consolidated results for the three months ended September 25, 2022, and are reflected in the Outdoor Products reportable segment. The following unaudited pro forma financial information presents our results as if the Fox Racing acquisition had occurred on April 1, 2021: Three months ended Six months ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Sales, net $ 809,357 $ 866,547 $ 1,690,145 $ 1,597,835 Net income 94,611 139,541 218,657 233,704 The unaudited supplemental pro forma data above includes the following significant non-recurring adjustments to net income to account for certain costs which would have been incurred if the Fox Racing acquisition had been completed on April 1, 2021: Three months ended Six months ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Fees for advisory, legal, and accounting services (1) $ (4,051) $ — $ (5,965) $ 5,965 Inventory step-up, net (2) (2,515) 3,772 (2,515) $7,544 Interest (3) 3,197 7,605 10,627 15,440 Depreciation (4) 180 367 719 699 Amortization (5) 1,176 3,064 4,245 6,126 Management Fees (6) (133) (353) (530) (707) Income tax provision (benefit) (7) 39 (3,614) (2,142) (8,270) (1) During the three months and six months ended September 25, 2022, we incurred a total of $4,051 and $5,965 in acquisition related costs, including legal and other professional fees, all of which were reported in selling, general, and administrative expense in the condensed consolidated statements of comprehensive income. This adjustment is to show the results as if those fees were incurred during the first quarter of fiscal year 2022. (2) Adjustment reflects the increased cost of goods sold expense resulting from the fair value step-up in inventory, which was expensed over inventory turns. (3) Adjustment for the estimated interest expense and debt issuance amortization expense on $580,000 in borrowings from Vista's 2022 ABL Revolving Credit Facility and 2022 Term Loan, used to finance the acquisition of Fox Racing. The interest rate assumed for purposes of preparing this pro forma financial information is 5.58%. This rate is the weighted average interest rate for our borrowings under the 2022 ABL Revolving Credit Facility and 2022 Term Loan as of September 25, 2022. (4) Adjustment for depreciation related to the revised fair-value basis of the acquired property, plant and equipment and change in estimated useful lives. (5) Adjustment for amortization of acquired intangible assets. (6) Represents an adjustment for management fees historically charged by the previous owner of Fox Racing under the terms of their management agreement. (7) Income tax effect of the adjustments made at a blended federal, state, and international statutory rate adjusted for any non-deductible acquisition costs. Stone Glacier During the fourth quarter of fiscal year 2022, we acquired Stone Glacier, a premium brand focused on ultralightweight, performance hunting gear designed for backcountry use. The addition of Stone Glacier allows us to enter the packs, camping equipment, and technical apparel categories with a fast-growing brand and provide a foundation for us to leverage camping category synergies. The results of this business are reported within the Outdoor Products segment. Contingent consideration with an initial fair value of $9,939 was included in the purchase price. See Note 2, Fair Value of Financial Instruments , for additional information related to the fair value calculation. We accounted for the acquisition as a business combination using the acquisition method of accounting, and performed a preliminary allocation of the purchase price to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The preliminary fair values of acquired assets and liabilities assumed represent management’s estimate of fair value and are subject to change if additional information, such as post-close working capital adjustments becomes available. We expect to finalize the purchase price allocation as soon as practicable within the measurement period, but not later than one year following the acquisition date. The acquisition is not significant to our consolidated financial statements and as such we have not included disclosures of the allocation of the purchase price or any pro forma information. Foresight Sports During the third quarter of fiscal year 2022, we acquired Foresight Sports ("Foresight"), a leading designer and manufacturer of golf performance analysis, entertainment, and game enhancement technologies for approximately $470,772. The purchase agreement 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 are reported within the Outdoor Products segment. We accounted for the acquisition 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 and are subject to change if additional information becomes available. We expect to finalize the purchase price allocation as soon as practicable within the measurement period, but not later than one year following the acquisition date. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and synergies. Assembled workforce is not recognized separate and apart from goodwill as it is neither separable nor contractual in nature. The goodwill is deductible for tax purposes. Foresight preliminary purchase price allocation: September 28, 2021 Total consideration transferred $ 470,772 Fair value of assets acquired: Accounts receivable $ 2,806 Inventories 10,780 Intangible assets 131,500 Property, plant, and equipment 1,870 Operating lease assets 6,506 Other long-term assets 2,006 Total assets 155,468 Fair value of liabilities assumed: Accounts payable 6,177 Customer deposits 2,084 Long-term operating lease liabilities 5,961 Contract liabilities 2,992 Other liabilities 1,729 Other long-term liabilities 9,182 Total liabilities 28,125 Net assets acquired 127,343 Goodwill $ 343,429 Foresight intangible assets above include: Value Useful life (years) Tradenames $ 42,500 20 Patented technology 19,900 5 to 10 Customer relationships 69,100 5 to 15

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Sep. 25, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Commodity Price Risk We entered in to various commodity forward contracts during fiscal year 2023. These contracts are used to hedge our exposure to price fluctuations on lead we purch ase 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 25, 2022, we had outstanding lead forward contracts on approximately 10.1 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. The liability related to the lead forward contracts is immaterial and is recorded as part of other current liabilities and other long-term liabilities. Foreign Exchange Risk To manage our foreign exchange risk, we entered into forward contracts to reduce the variability associated with exchange rate fluctuations. We hedge a portion of our foreign subsidiaries inventory purchases and intercompany transactions executed in U.S. dollars, which is different than their functional currency. Certain U.S. subsidiaries also hedge a portion of their future sales in Canadian Dollars. These forward contracts are not designated as hedging instruments. All unrealized gains and losses as shown as of September 25, 2022 will be recognized in the consolidated statements of comprehensive income in other income, net within the next twelve months at then-current value. Realized gains and losses are recognized in the condensed consolidated statement of comprehensive income, and is recorded as part of other income, net. The fair value of the foreign exchange forward contracts is immaterial and is recorded as part of other current assets. As of September 25, 2022, we had outstanding foreign currency forward contracts in place to purchase U.S. Dollars and sell foreign currencies in the following amounts: Notional amount of currency Foreign currency: Euro $ 4,670 British Pounds 2,693 Canadian Dollars 6,724 Total $ 14,087

Revenue Recognition

Revenue Recognition	6 Months Ended
	Sep. 25, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following tables disaggregate our net sales by major product category: Three months ended September 25, 2022 September 26, 2021 (5) Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 432,489 $ — $ 432,489 $ 450,193 $ — $ 450,193 Outdoor Accessories (2) — 73,995 73,995 — 116,156 116,156 Action Sports (3) — 150,761 150,761 — 104,645 104,645 Outdoor Recreation (4) — 124,433 124,433 — 107,466 107,466 Total $ 432,489 $ 349,189 $ 781,678 $ 450,193 $ 328,267 $ 778,460 Geographic Region: United States $ 396,302 $ 229,657 $ 625,959 $ 431,704 $ 245,502 $ 677,206 Rest of the World 36,187 119,532 155,719 18,489 82,765 101,254 Total $ 432,489 $ 349,189 $ 781,678 $ 450,193 $ 328,267 $ 778,460 Six months ended September 25, 2022 September 26, 2021 (5) Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 943,116 $ — $ 943,116 $ 814,481 $ — $ 814,481 Outdoor Accessories (2) — 142,080 142,080 — 215,187 215,187 Action Sports (3) — 240,818 240,818 — 196,787 196,787 Outdoor Recreation (4) — 258,276 258,276 — 214,917 214,917 Total $ 943,116 $ 641,174 $ 1,584,290 $ 814,481 $ 626,891 $ 1,441,372 Geographic Region: United States $ 877,381 $ 432,112 $ 1,309,493 $ 761,982 $ 473,178 $ 1,235,160 Rest of the World 65,735 209,062 274,797 52,499 153,713 206,212 Total $ 943,116 $ 641,174 $ 1,584,290 $ 814,481 $ 626,891 $ 1,441,372 (1) Sporting Products includes the Ammunition operating segment. (2) Outdoor Accessories includes the Outdoor Accessories operating segment. (3) Action Sports includes the operating segments: Sports Protection and Cycling. (4) Outdoor Recreation includes the operating segments: Hydration, Outdoor Cooking, Golf, Fishing and our Stone Glacier businesses. (5) During the third quarter of fiscal year 2022, we modified and renamed our reportable segments. Accordingly, prior comparative periods have been restated to conform to the change. For the majority of our contracts with customers, 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. For our contracts that include bundled hardware and software sales, revenue related to delivered hardware and bundled software is recognized when control has transferred to the customer, which typically occurs upon shipment. Revenue allocated to unspecified software update rights is deferred and recognized on a straight-line basis over the estimated period they are expected to be provided. 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. For the immaterial amount of our contracts that have multiple performance obligations, which represent promises within an arrangement that are distinct, we allocate revenue to all distinct performance obligations based on their relative stand-alone selling prices (“SSPs”). When available, we use observable prices to determine SSPs. When observable prices are not available, SSPs are established that reflect our best estimates of what the selling prices of the performance obligations would be if they were sold regularly on a stand-alone basis. We allocate revenue and any related discounts to these performance obligations based on their relative SSPs. 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. 25, 2022
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: Three months ended Six months ended (Amounts in thousands except per share data) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Numerator: Net income $ 93,455 $ 139,540 $ 219,470 $ 242,265 Denominator: Weighted-average number of common shares outstanding basic: 56,553 57,353 56,520 57,732 Dilutive effect of share-based awards (1) 1,261 1,863 1,578 1,845 Diluted shares 57,814 59,216 58,098 59,577 Earnings per common share: Basic $ 1.65 $ 2.43 $ 3.88 $ 4.20 Diluted $ 1.62 $ 2.36 $ 3.78 $ 4.07 (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

Receivables

Receivables	6 Months Ended
	Sep. 25, 2022
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 25, 2022 March 31, 2022 Trade receivables $ 441,425 $ 357,584 Other receivables 9,248 13,699 Less: allowance for estimated credit losses and discounts (18,970) (14,510) Net receivables $ 431,703 $ 356,773 No customers represented more than 10% of our total trade receivables balance as of September 25, 2022. Walmart represented 14% of our total trade receivables balance as of March 31, 2022. The following provides a reconciliation of the activity related to the allowance for estimated credit losses for the six months ended September 25, 2022: Balance, March 31, 2022 $ 14,510 Provision for credit losses 2,178 Write-off of uncollectible amounts, net of recoveries (128) Purchase accounting (Note 4) 2,410 Balance, September 25, 2022 $ 18,970 Note Receivable is summarized as follows: September 25, 2022 March 31, 2022 Principal $ 12,000 $ 12,000 Less: unamortized discount (1,835) (2,308) Note receivable, net, included within Deferred charges and other non-current assets $ 10,165 $ 9,692

Inventories

Inventories	6 Months Ended
	Sep. 25, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Current net inventories consist of the following: September 25, 2022 March 31, 2022 Raw materials $ 245,851 $ 220,425 Work in process 67,067 60,390 Finished goods 465,056 362,161 Net inventories $ 777,974 $ 642,976

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (AOCL)	6 Months Ended
	Sep. 25, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss (AOCL)	Accumulated Other Comprehensive Loss (AOCL) The components of AOCL, net of income taxes, are as follows: September 25, 2022 March 31, 2022 Derivatives $ (634) $ (356) Pension and other postretirement benefits liabilities (69,687) (71,075) Cumulative translation adjustment (7,119) (5,248) Total AOCL $ (77,440) $ (76,679) 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 25, 2022 Six months ended September 25, 2022 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 $ (347) $ (70,381) $ (5,721) $ (76,449) $ (356) $ (71,075) $ (5,248) $ (76,679) Change in fair value of derivatives (324) — — (324) (249) — — (249) Net losses (gains) reclassified from AOCL 37 — — 37 (29) — — (29) Net actuarial losses reclassified from AOCL (1) — 694 — 694 — 1,388 — 1,388 Net change in cumulative translation adjustment — — (1,398) (1,398) — — (1,871) (1,871) Ending balance in AOCL $ (634) $ (69,687) $ (7,119) $ (77,440) $ (634) $ (69,687) $ (7,119) $ (77,440) (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 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.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Sep. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The carrying value of goodwill by reportable segment was as follows: Sporting Products Outdoor Products Total Balance, March 31, 2022 $ 86,105 $ 395,752 $ 481,857 Acquisitions — 322,963 322,963 Balance, September 25, 2022 $ 86,105 $ 718,715 $ 804,820 See Note 4, Acquisitions , for additional information on business combinations that occurred during the second fiscal quarter of fiscal year 2023. Intangible assets by major asset class consisted of the following: September 25, 2022 March 31, 2022 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,915 $ (27,302) $ 86,613 $ 113,915 $ (23,756) $ 90,159 Patented technology 36,854 (14,845) 22,009 36,854 (13,324) 23,530 Customer relationships and other 528,657 (131,282) 397,375 328,168 (117,664) 210,504 Total 679,426 (173,429) 505,997 478,937 (154,744) 324,193 Non-amortizing trade names 292,203 — 292,203 135,602 — 135,602 Net intangible assets $ 971,629 $ (173,429) $ 798,200 $ 614,539 $ (154,744) $ 459,795 Amortization expense was $10,947 and $5,419 for the three months ended September 25, 2022 and September 26, 2021, respectively, and $18,983 and $10,417 for the six months ended September 25, 2022 and September 26, 2021, respectively. As of September 25, 2022, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2023 $ 25,242 Fiscal year 2024 50,484 Fiscal year 2025 50,466 Fiscal year 2026 47,457 Fiscal year 2027 46,007 Thereafter 286,341 Total $ 505,997

Other Current and Non-current L

Other Current and Non-current Liabilities	6 Months Ended
	Sep. 25, 2022
Other Liabilities Disclosure [Abstract]
Other Current and Non-current Liabilities	Other Current Liabilities The major categories over 5% of current liabilities are as follows: September 25, 2022 March 31, 2022 Accrual for in-transit inventory $ 24,621 $ 11,620 Other 169,381 115,560 Total other current liabilities $ 194,002 $ 127,180 We provide consumer warranties against manufacturing defects on certain products 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, 2022 $ 9,073 Payments made (1,633) Warranties issued 1,680 Changes related to pre-existing warranties and other adjustments 376 Balance, September 25, 2022 $ 9,496

Long-term Debt

Long-term Debt	6 Months Ended
	Sep. 25, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consisted of the following: September 25, 2022 March 31, 2022 2021 ABL Revolving Credit Facility $ — $ 170,000 2022 ABL Revolving Credit Facility 470,000 — 2022 Term Loan 350,000 — Total Principal Amount of Credit Agreements 820,000 170,000 4.5% Senior Notes 500,000 500,000 Less: unamortized deferred financing costs (12,738) (3,886) Carrying amount of long-term debt 1,307,262 666,114 Less: current portion (140,000) — Carrying amount of long-term debt, excluding current portion $ 1,167,262 $ 666,114 Credit Agreements —On August 5, 2022, we refinanced our 2021 ABL Revolving Credit Facility by entering into the 2022 ABL Revolving Credit Facility, which provides for a $600,000 senior secured asset-based revolving credit facility. The amount available under the 2022 ABL Revolving Credit Facility is the lesser of the total commitment of $600,000 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 2022 ABL Revolving Credit Facility described below. As of September 25, 2022, the Excess Availability, or the amount available to borrow under the 2022 ABL Revolving Credit Facility, based on the borrowing base less outstanding borrowings of $470,000 and outstanding letters of credit of $15,445, less the minimum required borrowing base of $60,000 , was $54,555. The 2022 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) and the 2022 Term Loan (described below). Any outstanding revolving loans under the 2022 ABL Revolving Credit Facility will be payable in full on the Maturity Date. Concurrently with the effectiveness of the 2022 ABL Revolving Credit Facility, we also obtained a $350,000 senior secured asset-based term loan facility (the “2022 Term Loan”). The 2022 Term Loan matures on August 5, 2024 (the "Term Maturity Date") and is subject to quarterly principal payments, commencing with the fiscal quarter ending December 23, 2022, in an amount equal to (i) 12.5% of the original principal amount of the 2022 Term Loan if the aggregate outstanding principal balance of the 2022 Term Loan exceeds the Term Loan Formula Threshold described below, or (ii) 10.0% of the original principal amount of the 2022 Term Loan if the aggregate outstanding principal balance of the 2022 Term Loan is equal to or less than the Term Loan Formula Threshold described below. As of September 25, 2022, our quarterly principal payments are equal to 10.0% of the original principal amount of the 2022 Term Loan, subject to the delivery of our Formula Certificate due on October 15, 2022. The 2022 Term Loan is also subject to certain mandatory prepayment requirements, including with respect to the net cash proceeds from the sale of certain collateral, subject to our rights to reinvest such proceeds, and a percentage of our excess cash flow, to be calculated annually. The Term Loan Formula Threshold is based on a percentage of the appraisal value of eligible intellectual property, eligible machinery and equipment, and the fair market value of eligible real property minus certain reserves. Any outstanding term loans under the 2022 Term Loan will be payable in full on the Term Maturity Date. Borrowings under the 2022 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 Term Secured Overnight Financing Rate ("Term SOFR") plus a credit spread adjustment of 0.10%, plus a margin ranging from 1.25% to 1.75%. The margins vary based on our Average Excess Availability under the 2022 ABL Revolving Credit Facility. As of September 25, 2022, the margin under the 2022 ABL Revolving Credit Facility was 0.5% for base rate loans and 1.5% for Term SOFR loans. We pay a commitment fee on the unused commitments under the 2022 ABL Revolving Credit Facility of 0.175% per annum. Borrowings under the 2022 Term Loan bear interest at a rate equal to either the sum of a base rate plus a margin ranging from 2.50% to 3.00% or the sum of Term SOFR plus a credit spread adjustment of 0.10%, plus a margin ranging from 3.50% to 4.00%. The margins vary based on our Term Loan Formula Threshold under the 2022 Term Loan. As of September 25, 2022, the margin under the 2022 Term Loan was 3.00% for base rate loans and 4.00% for Term SOFR loans. As of September 25, 2022, the weighted average interest rate for our borrowings under the 2022 ABL Revolving Credit Facility and 2022 Term Loan was 5.58%. We incurred debt issuance costs related to the 2022 ABL Revolving Credit Facility of approximately $6,646 and unamortized debt issuance costs of $785 related to the 2021 ABL Credit Facility were written off during fiscal year 2023. This expense is included in interest expense in the condensed consolidated statements of comprehensive income. The remaining unamortized debt issuance costs of approximately $11,133, including remaining unamortized debt issuance costs related to the 2021 ABL Credit Facility, are being amortized over the term of the 2022 ABL Revolving Credit Facility. The debt issuance costs associated with the 2022 ABL Revolving Credit Facility are included within other current and non-current assets. We incurred debt issuance costs related to the 2022 Term Loan of approximately $9,894. The debt issuance costs associated with the 2022 Term Loan are being amortized to interest expense over 2 years. Substantially all domestic tangible and intangible assets of Vista Outdoor and our domestic subsidiaries are pledged as collateral under the 2022 ABL Revolving Credit Facility and 2022 Term Loan. 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 $4,491 are being amortized to interest expense over eight years, the term of the notes. Rank and guarantees —The 2022 ABL Revolving Credit Facility and 2022 Term Loan 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 2022 ABL Revolving Credit Facility and 2022 Term Loan 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 2022 ABL Revolving Credit Facility and 2022 Term Loan and all capital markets debt securities Covenants 2022 ABL Revolving Credit Facility —Our 2022 ABL Revolving Credit Facility and 2022 Term Loan impose 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. Each of the 2022 ABL Revolving Credit Facility and 2022 Term Loan contains a financial covenant which requires that Excess Availability under the 2022 ABL Revolving Credit Facility cannot fall below the greater of (a) 10% of the line cap or (b) $57,000. As a result of this financial covenant, we must maintain Excess Availability of at least the greater of 10% of the line cap or $57,000 at all times in order to satisfy the financial covenant. In addition, as long as the 2022 Term Loan remains outstanding, we also must maintain a maximum consolidated leverage ratio (as defined in the credit agreement) of 3.00:1.00 as of the end of each fiscal quarter. Each of the 2022 ABL Revolving Credit Facility and the 2022 Term Loan includes a covenant that prohibits the spin-off of any line of business of Vista Outdoor or certain of its subsidiaries, including the expected separation of our Outdoor Products segment (the “Planned Separation”), and amendment of each such covenant will require the consent of all lenders under the applicable credit facility in order to permit the Planned Separation. Vista Outdoor anticipates that each of the 2022 ABL Revolving Credit Facility and the 2022 Term Loan will be repaid or refinanced in full prior to or upon the consummation of the Planned Separation. If we do not comply with the covenants in the 2022 ABL Revolving Credit Facility or 2022 Term Loan, the lenders under the applicable facility may, subject to customary cure rights, require the immediate payment of all amounts outstanding under such facility. As noted above, the Excess Availability less the minimum required borrowing base under the 2022 ABL Revolving Credit Facility was $54,555 as of September 25, 2022. Vista Outdoor has the option to increase the amount of the 2022 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 2022 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 2022 ABL Revolving Credit Facility, the 2022 Term Loan, 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 the other debt agreement. As of September 25, 2022, 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 2022 ABL Revolving Credit Facility and 2022 Term Loan may prevent us from drawing under these loans and may result in an event of default under the 2022 ABL Revolving Credit Facility and 2022 Term Loan, 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. 25, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans We recognized an aggregate net loss of $381 and $3 for employee defined benefit plans during the three months ended September 25, 2022 and September 26, 2021, respectively. We recognized an aggregate net loss of $762 and $38 for employee defined benefit plans during the six months ended September 25, 2022 and September 26, 2021, respectively. Employer contributions and distributions —We made contributions of $0 and $1,300 to our pension trust during the six months ended September 25, 2022 and September 26, 2021, 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 2023. 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 2023.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 25, 2022
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 prior year. The income tax provisions for the three months ended September 25, 2022 and September 26, 2021 represent effective tax rates of 20.8% and 24.5%, respectively. The decrease in the effective tax rate from the prior year quarter is primarily driven by the non-taxable contingent consideration income in the current quarter and the impact of beneficial state tax law changes. The income tax provisions for the six months ended September 25, 2022 and September 26, 2021 represent effective tax rates of 22.7% and 24.9%, respectively. The decrease in the effective tax rate from the prior year period is primarily driven by the non-taxable contingent consideration income in the current period and the impact of beneficial state tax law changes. The effective tax rate for the three and six months ended September 25, 2022 and September 26, 2021 is reflective of the federal statutory rate of 21% increased by the state taxes and reserves for uncertain tax positions. Income taxes paid, net of refunds, totaled $60,068 and $47,697 for the six months ended September 25, 2022 and September 26, 2021, respectively. We have filed amended income tax returns requesting total refunds of $42,193, which are reflected in our income tax receivable of $49,010. We have classified uncertain tax positions as non-current income tax liabilities unless expected to be paid within one year. The amount of unrecognized tax benefits, including interest and penalties, amounted to $29,000 and $24,719 as of September 25, 2022 and March 31, 2022, respectively. Although the timing and outcome of income tax audit settlements are uncertain, it is expected that a $3,532 reduction of the liability for uncertain tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $2,838.

Contingencies

Contingencies	6 Months Ended
	Sep. 25, 2022
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 ("PRPs"), 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 $694 and $697 as of September 25, 2022 and March 31, 2022, 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. 25, 2022
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information Our business is comprised of eight operating segments, which have been aggregated into two reportable segments, Sporting Products and Outdoor Products. This is consistent with how our chief operating decision maker (CODM), our Chief Executive Officer, allocates resources and makes decisions. Our Ammunition operating segment is in its own reportable segment which has been renamed Sporting Products. We aggregate our Outdoor Accessories, Sports Protection, Outdoor Cooking, Hydration, Golf, Fishing, and Cycling operating segments into the Outdoor Products reportable segment. 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 our operating segment's EBIT, which is defined as earnings 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 and are not utilized by management in determining segment profitability. Our Sporting Products and Outdoor Products reportable segments generated approximately 60% and 40%, respectively, of our external sales in the six months ended September 25, 2022. No single customer contributed 10% or more of our sales in the six months ended September 25, 2022 and September 26, 2021. The following tables contain information utilized by management to evaluate our operating segments for the interim periods presented: Three months ended September 25, 2022 Six months ended September 25, 2022 Sporting Products Outdoor Products (a) Corporate and other reconciling items Total Sporting Products Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 432,489 $ 349,189 $ — $ 781,678 $ 943,116 $ 641,174 $ — $ 1,584,290 Gross Profit 159,138 106,771 (3,035) 262,874 360,100 199,279 (3,035) 556,344 EBIT 133,552 30,471 (32,115) 131,908 309,638 58,157 (63,462) 304,333 Depreciation and amortization 6,398 15,543 1,043 22,984 12,780 27,350 2,170 42,300 Three months ended September 26, 2021 Six months ended September 26, 2021 (b) Sporting Products (b) Outdoor Products (a) Corporate and other reconciling items Total (b) Sporting Products (b) Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 450,193 $ 328,267 $ — $ 778,460 $ 814,481 $ 626,891 $ — $ 1,441,372 Gross Profit 202,601 96,320 — 298,921 351,597 189,135 (384) 540,348 EBIT 175,519 42,724 (27,504) 190,739 300,224 85,669 (51,498) 334,395 Depreciation and amortization 6,368 9,128 943 16,439 12,874 17,896 1,914 32,684 (a) Reconciling items for the three and six months ended September 25, 2022 included post-acquisition compensation expense of $3,269 and $7,600, inventory fair value step-up expenses related to acquisitions the Fox Racing and Simms acquisitions of $3,036 and $3,036, and contingent consideration fair value adjustment of $(11,313) and $(11,425), respectively. 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 of $1,245 and $1,792, respectively. (b) During the third quarter of fiscal year 2022, we modified and renamed our reportable segments. Accordingly, prior comparative periods have been restated to conform to the change. Sales, net exclude all intercompany sales between Sporting Products and Outdoor Products which were not material for the three and six months ended September 25, 2022 and September 26, 2021.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 25, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements	Our accounting policies are described in Note 1 of the notes to the audited consolidated financial statements in our Annual Report on Form 10-K for fiscal year 2022

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Sep. 25, 2022
Fair Value Disclosures [Abstract]
Schedule of Long-Term Contingent Consideration Liability	Contingent consideration liabilities are reported under the following captions in the condensed consolidated balance sheets: September 25, 2022 March 31, 2022 Other current liabilities $ 21,837 $ 96 Other long-term liabilities 15,228 36,994 Total $ 37,065 $ 37,090 Following is a summary of our contingent consideration liability Level 3 activity during fiscal year 2023: Balance, March 31, 2022 $ 37,090 Acquisition of Fox Racing 11,400 Decrease in fair value (11,425) Balance, September 25, 2022 $ 37,065
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The table below discloses information about carrying values and estimated fair value relating to our financial assets and liabilities: September 25, 2022 March 31, 2022 Carrying Fair Carrying Fair Fixed-rate debt (1) $ 500,000 $ 366,500 $ 500,000 $ 460,000 Variable-rate debt (2) 820,000 820,000 170,000 170,000 (1) Fixed rate debt —In fiscal year 2021, we issued $500,000 aggregate principal amount o f 4.5% S enior Notes which will mature on March 15, 2029. These notes are unsecured and senior obligations. The fair value of the fixed-rate debt is based on market quotes for each issuance. We consider these to be Level 2 instruments. See Note 13, Long-term Debt, for additional information on long-term debt, including certain risks and uncertainties. (2) Variable rate debt — The carrying value of the amounts outstanding under our 2022 ABL Revolving Credit Facility and 2022 Term Loan approximates the fair value because the interest rates are variable and reflective of market rates as of September 25, 2022. The fair value of this debt is categorized within Level 2 of the fair value hierarchy based on the observable market borrowing rates. See Note 13, Long-term Debt, for additional information on our credit facilities, including certain risks and uncertainties.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Sep. 25, 2022
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 25, 2022 March 31, 2022 Assets: Operating lease assets Operating lease assets $ 101,942 $ 78,252 Liabilities: Current: Operating lease liabilities Other current liabilities $ 15,980 $ 11,804 Long-term: Operating lease liabilities Long-term operating lease liabilities 96,663 80,083 Total lease liabilities $ 112,643 $ 91,887
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 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Fixed operating lease costs (1) $ 7,089 $ 5,386 $ 12,894 $ 10,502 Variable operating lease costs 995 914 1,458 1,583 Operating and sub-lease income (156) (107) (307) (151) Net Lease costs $ 7,928 $ 6,193 $ 14,045 $ 11,934 (1) Includes short-term leases September 25, 2022 March 31, 2022 Weighted Average Remaining Lease Term (Years): Operating leases 8.61 8.65 Weighted Average Discount Rate: Operating leases 8.28 % 7.99 % Supplemental cash flow information related to leases is as follows: Six months ended September 25, 2022 September 26, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 10,409 $ 8,966 Operating lease assets obtained in exchange for lease liabilities: Operating leases 30,378 5,785
Schedule of future minimum lease payments	The approximate minimum lease payments under non-cancelable operating leases as of September 25, 2022 are as follows: Remainder of fiscal year 2023 $ 12,060 Fiscal year 2024 24,320 Fiscal year 2025 18,617 Fiscal year 2026 16,940 Fiscal year 2027 16,012 Thereafter 75,219 Total lease payments 163,168 Less imputed interest (50,525) Present value of lease liabilities $ 112,643

Acquisition and Divestitures (T

Acquisition and Divestitures (Tables)	6 Months Ended
	Sep. 25, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Fox Racing preliminary purchase price allocation: August 5, 2022 Cash consideration to the Seller $ 559,782 Cash held in escrow to cover purchase price adjustments 5,000 Estimated working capital true-up 6,216 Fair value of contingent consideration payable 11,400 Total estimated purchase consideration $ 582,398 Fair value of assets acquired: Accounts receivable $ 39,140 Inventories 95,759 Intangible assets 253,600 Property, plant, and equipment 29,060 Operating lease assets 16,078 Other current assets 16,743 Other long-term assets 5,347 Total assets 455,727 Fair value of liabilities assumed: Accounts payable 18,584 Long-term operating lease liabilities 11,971 Deferred income taxes 59,986 Other liabilities 38,998 Other long-term liabilities 41 Total liabilities 129,580 Net assets acquired 326,147 Goodwill $ 256,251 Foresight preliminary purchase price allocation: September 28, 2021 Total consideration transferred $ 470,772 Fair value of assets acquired: Accounts receivable $ 2,806 Inventories 10,780 Intangible assets 131,500 Property, plant, and equipment 1,870 Operating lease assets 6,506 Other long-term assets 2,006 Total assets 155,468 Fair value of liabilities assumed: Accounts payable 6,177 Customer deposits 2,084 Long-term operating lease liabilities 5,961 Contract liabilities 2,992 Other liabilities 1,729 Other long-term liabilities 9,182 Total liabilities 28,125 Net assets acquired 127,343 Goodwill $ 343,429
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	Fox Racing intangible assets above include: Value Useful life (years) Tradenames $ 106,200 Indefinite Customer relationships 147,400 5 to 15 Foresight intangible assets above include: Value Useful life (years) Tradenames $ 42,500 20 Patented technology 19,900 5 to 10 Customer relationships 69,100 5 to 15
Schedule of Pro Forma Financial Information	The following unaudited pro forma financial information presents our results as if the Fox Racing acquisition had occurred on April 1, 2021: Three months ended Six months ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Sales, net $ 809,357 $ 866,547 $ 1,690,145 $ 1,597,835 Net income 94,611 139,541 218,657 233,704 The unaudited supplemental pro forma data above includes the following significant non-recurring adjustments to net income to account for certain costs which would have been incurred if the Fox Racing acquisition had been completed on April 1, 2021: Three months ended Six months ended September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Fees for advisory, legal, and accounting services (1) $ (4,051) $ — $ (5,965) $ 5,965 Inventory step-up, net (2) (2,515) 3,772 (2,515) $7,544 Interest (3) 3,197 7,605 10,627 15,440 Depreciation (4) 180 367 719 699 Amortization (5) 1,176 3,064 4,245 6,126 Management Fees (6) (133) (353) (530) (707) Income tax provision (benefit) (7) 39 (3,614) (2,142) (8,270) (1) During the three months and six months ended September 25, 2022, we incurred a total of $4,051 and $5,965 in acquisition related costs, including legal and other professional fees, all of which were reported in selling, general, and administrative expense in the condensed consolidated statements of comprehensive income. This adjustment is to show the results as if those fees were incurred during the first quarter of fiscal year 2022. (2) Adjustment reflects the increased cost of goods sold expense resulting from the fair value step-up in inventory, which was expensed over inventory turns. (3) Adjustment for the estimated interest expense and debt issuance amortization expense on $580,000 in borrowings from Vista's 2022 ABL Revolving Credit Facility and 2022 Term Loan, used to finance the acquisition of Fox Racing. The interest rate assumed for purposes of preparing this pro forma financial information is 5.58%. This rate is the weighted average interest rate for our borrowings under the 2022 ABL Revolving Credit Facility and 2022 Term Loan as of September 25, 2022. (4) Adjustment for depreciation related to the revised fair-value basis of the acquired property, plant and equipment and change in estimated useful lives. (5) Adjustment for amortization of acquired intangible assets. (6) Represents an adjustment for management fees historically charged by the previous owner of Fox Racing under the terms of their management agreement. (7) Income tax effect of the adjustments made at a blended federal, state, and international statutory rate adjusted for any non-deductible acquisition costs.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Sep. 25, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Foreign Currency Forward Contracts	As of September 25, 2022, we had outstanding foreign currency forward contracts in place to purchase U.S. Dollars and sell foreign currencies in the following amounts: Notional amount of currency Foreign currency: Euro $ 4,670 British Pounds 2,693 Canadian Dollars 6,724 Total $ 14,087

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Sep. 25, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate our net sales by major product category: Three months ended September 25, 2022 September 26, 2021 (5) Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 432,489 $ — $ 432,489 $ 450,193 $ — $ 450,193 Outdoor Accessories (2) — 73,995 73,995 — 116,156 116,156 Action Sports (3) — 150,761 150,761 — 104,645 104,645 Outdoor Recreation (4) — 124,433 124,433 — 107,466 107,466 Total $ 432,489 $ 349,189 $ 781,678 $ 450,193 $ 328,267 $ 778,460 Geographic Region: United States $ 396,302 $ 229,657 $ 625,959 $ 431,704 $ 245,502 $ 677,206 Rest of the World 36,187 119,532 155,719 18,489 82,765 101,254 Total $ 432,489 $ 349,189 $ 781,678 $ 450,193 $ 328,267 $ 778,460 Six months ended September 25, 2022 September 26, 2021 (5) Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 943,116 $ — $ 943,116 $ 814,481 $ — $ 814,481 Outdoor Accessories (2) — 142,080 142,080 — 215,187 215,187 Action Sports (3) — 240,818 240,818 — 196,787 196,787 Outdoor Recreation (4) — 258,276 258,276 — 214,917 214,917 Total $ 943,116 $ 641,174 $ 1,584,290 $ 814,481 $ 626,891 $ 1,441,372 Geographic Region: United States $ 877,381 $ 432,112 $ 1,309,493 $ 761,982 $ 473,178 $ 1,235,160 Rest of the World 65,735 209,062 274,797 52,499 153,713 206,212 Total $ 943,116 $ 641,174 $ 1,584,290 $ 814,481 $ 626,891 $ 1,441,372 (1) Sporting Products includes the Ammunition operating segment. (2) Outdoor Accessories includes the Outdoor Accessories operating segment. (3) Action Sports includes the operating segments: Sports Protection and Cycling. (4) Outdoor Recreation includes the operating segments: Hydration, Outdoor Cooking, Golf, Fishing and our Stone Glacier businesses. (5) During the third quarter of fiscal year 2022, we modified and renamed our reportable segments. Accordingly, prior comparative periods have been restated to conform to the change.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Sep. 25, 2022
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: Three months ended Six months ended (Amounts in thousands except per share data) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Numerator: Net income $ 93,455 $ 139,540 $ 219,470 $ 242,265 Denominator: Weighted-average number of common shares outstanding basic: 56,553 57,353 56,520 57,732 Dilutive effect of share-based awards (1) 1,261 1,863 1,578 1,845 Diluted shares 57,814 59,216 58,098 59,577 Earnings per common share: Basic $ 1.65 $ 2.43 $ 3.88 $ 4.20 Diluted $ 1.62 $ 2.36 $ 3.78 $ 4.07 (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

Receivables (Tables)

Receivables (Tables)	6 Months Ended
	Sep. 25, 2022
Receivables [Abstract]
Schedule of accounts, notes, loans and financing receivable	Net receivables are summarized as follows: September 25, 2022 March 31, 2022 Trade receivables $ 441,425 $ 357,584 Other receivables 9,248 13,699 Less: allowance for estimated credit losses and discounts (18,970) (14,510) Net receivables $ 431,703 $ 356,773 Note Receivable is summarized as follows: September 25, 2022 March 31, 2022 Principal $ 12,000 $ 12,000 Less: unamortized discount (1,835) (2,308) Note receivable, net, included within Deferred charges and other non-current assets $ 10,165 $ 9,692
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 for the six months ended September 25, 2022: Balance, March 31, 2022 $ 14,510 Provision for credit losses 2,178 Write-off of uncollectible amounts, net of recoveries (128) Purchase accounting (Note 4) 2,410 Balance, September 25, 2022 $ 18,970

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Sep. 25, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Current net inventories consist of the following: September 25, 2022 March 31, 2022 Raw materials $ 245,851 $ 220,425 Work in process 67,067 60,390 Finished goods 465,056 362,161 Net inventories $ 777,974 $ 642,976

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (AOCL) (Tables)	6 Months Ended
	Sep. 25, 2022
Equity [Abstract]
Schedule of components of AOCL, net of income taxes	The components of AOCL, net of income taxes, are as follows: September 25, 2022 March 31, 2022 Derivatives $ (634) $ (356) Pension and other postretirement benefits liabilities (69,687) (71,075) Cumulative translation adjustment (7,119) (5,248) Total AOCL $ (77,440) $ (76,679)
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 25, 2022 Six months ended September 25, 2022 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 $ (347) $ (70,381) $ (5,721) $ (76,449) $ (356) $ (71,075) $ (5,248) $ (76,679) Change in fair value of derivatives (324) — — (324) (249) — — (249) Net losses (gains) reclassified from AOCL 37 — — 37 (29) — — (29) Net actuarial losses reclassified from AOCL (1) — 694 — 694 — 1,388 — 1,388 Net change in cumulative translation adjustment — — (1,398) (1,398) — — (1,871) (1,871) Ending balance in AOCL $ (634) $ (69,687) $ (7,119) $ (77,440) $ (634) $ (69,687) $ (7,119) $ (77,440) (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 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.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Sep. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill by segment	arrying value of goodwill by reportable segment was as follows: Sporting Products Outdoor Products Total Balance, March 31, 2022 $ 86,105 $ 395,752 $ 481,857 Acquisitions — 322,963 322,963 Balance, September 25, 2022 $ 86,105 $ 718,715 $ 804,820 See Note 4, Acquisitions
Schedule of net intangibles	Intangible assets by major asset class consisted of the following: September 25, 2022 March 31, 2022 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,915 $ (27,302) $ 86,613 $ 113,915 $ (23,756) $ 90,159 Patented technology 36,854 (14,845) 22,009 36,854 (13,324) 23,530 Customer relationships and other 528,657 (131,282) 397,375 328,168 (117,664) 210,504 Total 679,426 (173,429) 505,997 478,937 (154,744) 324,193 Non-amortizing trade names 292,203 — 292,203 135,602 — 135,602 Net intangible assets $ 971,629 $ (173,429) $ 798,200 $ 614,539 $ (154,744) $ 459,795
Schedule of net intangibles	Intangible assets by major asset class consisted of the following: September 25, 2022 March 31, 2022 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,915 $ (27,302) $ 86,613 $ 113,915 $ (23,756) $ 90,159 Patented technology 36,854 (14,845) 22,009 36,854 (13,324) 23,530 Customer relationships and other 528,657 (131,282) 397,375 328,168 (117,664) 210,504 Total 679,426 (173,429) 505,997 478,937 (154,744) 324,193 Non-amortizing trade names 292,203 — 292,203 135,602 — 135,602 Net intangible assets $ 971,629 $ (173,429) $ 798,200 $ 614,539 $ (154,744) $ 459,795
Schedule of expected future amortization expense	As of September 25, 2022, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2023 $ 25,242 Fiscal year 2024 50,484 Fiscal year 2025 50,466 Fiscal year 2026 47,457 Fiscal year 2027 46,007 Thereafter 286,341 Total $ 505,997

Other Current and Non-current_2

Other Current and Non-current Liabilities (Tables)	6 Months Ended
	Sep. 25, 2022
Other Liabilities Disclosure [Abstract]
Schedule of major categories of other current and non-current liabilities	The major categories over 5% of current liabilities are as follows: September 25, 2022 March 31, 2022 Accrual for in-transit inventory $ 24,621 $ 11,620 Other 169,381 115,560 Total other current liabilities $ 194,002 $ 127,180
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, 2022 $ 9,073 Payments made (1,633) Warranties issued 1,680 Changes related to pre-existing warranties and other adjustments 376 Balance, September 25, 2022 $ 9,496

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Sep. 25, 2022
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consisted of the following: September 25, 2022 March 31, 2022 2021 ABL Revolving Credit Facility $ — $ 170,000 2022 ABL Revolving Credit Facility 470,000 — 2022 Term Loan 350,000 — Total Principal Amount of Credit Agreements 820,000 170,000 4.5% Senior Notes 500,000 500,000 Less: unamortized deferred financing costs (12,738) (3,886) Carrying amount of long-term debt 1,307,262 666,114 Less: current portion (140,000) — Carrying amount of long-term debt, excluding current portion $ 1,167,262 $ 666,114

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
	Sep. 25, 2022
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 25, 2022 Six months ended September 25, 2022 Sporting Products Outdoor Products (a) Corporate and other reconciling items Total Sporting Products Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 432,489 $ 349,189 $ — $ 781,678 $ 943,116 $ 641,174 $ — $ 1,584,290 Gross Profit 159,138 106,771 (3,035) 262,874 360,100 199,279 (3,035) 556,344 EBIT 133,552 30,471 (32,115) 131,908 309,638 58,157 (63,462) 304,333 Depreciation and amortization 6,398 15,543 1,043 22,984 12,780 27,350 2,170 42,300 Three months ended September 26, 2021 Six months ended September 26, 2021 (b) Sporting Products (b) Outdoor Products (a) Corporate and other reconciling items Total (b) Sporting Products (b) Outdoor Products (a) Corporate and other reconciling items Total Sales, net $ 450,193 $ 328,267 $ — $ 778,460 $ 814,481 $ 626,891 $ — $ 1,441,372 Gross Profit 202,601 96,320 — 298,921 351,597 189,135 (384) 540,348 EBIT 175,519 42,724 (27,504) 190,739 300,224 85,669 (51,498) 334,395 Depreciation and amortization 6,368 9,128 943 16,439 12,874 17,896 1,914 32,684 (a) Reconciling items for the three and six months ended September 25, 2022 included post-acquisition compensation expense of $3,269 and $7,600, inventory fair value step-up expenses related to acquisitions the Fox Racing and Simms acquisitions of $3,036 and $3,036, and contingent consideration fair value adjustment of $(11,313) and $(11,425), respectively. 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 of $1,245 and $1,792, respectively. (b) During the third quarter of fiscal year 2022, we modified and renamed our reportable segments. Accordingly, prior comparative periods have been restated to conform to the change.

Significant Accounting Polici_3

Significant Accounting Policies (Details)	6 Months Ended
	Sep. 25, 2022 reportable_segment numberOfCountriesWithSalesCustomers
Accounting Policies [Abstract]
Number of reportable segments | reportable_segment	2
Number of Countries in which Entity Operates | numberOfCountriesWithSalesCustomers	100

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	Jul. 05, 2019	Sep. 25, 2022	Aug. 05, 2022	Mar. 31, 2022
Fair value of assets and liabilities
Principal	$ 12,000	$ 12,000		$ 12,000
Note receivable with imputed interest, term of contract	5 years
QuietKat
Fair value of assets and liabilities
Fair value of contingent consideration payable		11,824
Fiber
Fair value of assets and liabilities
Fair value of contingent consideration payable		3,625
Stone Glacier
Fair value of assets and liabilities
Fair value of contingent consideration payable		9,939		$ 9,939
HEVI-Shot
Fair value of assets and liabilities
Fair value of contingent consideration payable		277
Fox
Fair value of assets and liabilities
Fair value of contingent consideration payable		$ 11,400	$ 11,400
Estimate of Fair Value Measurement | Fair Value, Recurring
Fair value of assets and liabilities
Receivable with imputed interest, effective yield (interest rate)	10%

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021
Business Acquisition, Contingent Consideration [Line Items]
Acquisition of Fox Racing	$ 11,400	$ 22,400
Decrease in fair value	(11,425)	$ 0
Fox
Business Acquisition, Contingent Consideration [Line Items]
Balance, end of period	11,400
Fair Value, Inputs, Level 3 | Fair Value, Recurring
Business Acquisition, Contingent Consideration [Line Items]
Balance, beginning of period	37,090
Decrease in fair value	(11,425)
Balance, end of period	37,065
Fair Value, Inputs, Level 3 | Fair Value, Recurring | Fox
Business Acquisition, Contingent Consideration [Line Items]
Acquisition of Fox Racing	11,400
Other current liabilities | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Business Acquisition, Contingent Consideration [Line Items]
Balance, beginning of period	96
Balance, end of period	21,837
Other long-term liabilities | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Business Acquisition, Contingent Consideration [Line Items]
Balance, beginning of period	36,994
Balance, end of period	$ 15,228

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Fair Value of Financial Instruments) (Details) - USD ($)	Sep. 25, 2022	Mar. 31, 2022
Fair value of assets and liabilities
Long-term debt	$ 1,167,262,000	$ 666,114,000
4.5% Senior Notes
Fair value of assets and liabilities
Long-term debt		$ 500,000,000
Long-term debt, percentage bearing fixed interest, percentage rate		4.50%
4.5% Senior Notes | Carrying amount | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair value of assets and liabilities
Fixed-rate debt	500,000,000	$ 500,000,000
4.5% Senior Notes | Fair value | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair value of assets and liabilities
Fixed-rate debt	366,500,000	460,000,000
2021 ABL Revolving Credit Facility | Carrying amount | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair value of assets and liabilities
Variable-rate debt		170,000,000
2021 ABL Revolving Credit Facility | Fair value | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair value of assets and liabilities
Variable-rate debt		$ 170,000,000
2022 ABL Revolving Credit Facility and 2022 Term Loan Facility | Carrying amount | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair value of assets and liabilities
Variable-rate debt	820,000,000
2022 ABL Revolving Credit Facility and 2022 Term Loan Facility | Fair value | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair value of assets and liabilities
Variable-rate debt	$ 820,000,000

Leases - Narrative (Details)

Leases - Narrative (Details)	Sep. 25, 2022
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. 25, 2022	Mar. 31, 2022
Leases [Abstract]
Operating lease assets	$ 101,942	$ 78,252
Operating lease liabilities	$ 15,980	$ 11,804
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Operating lease liabilities	$ 96,663	$ 80,083
Total lease liabilities	$ 112,643	$ 91,887

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021	Mar. 31, 2022
Leases [Abstract]
Fixed operating lease costs	$ 7,089	$ 5,386	$ 12,894	$ 10,502
Variable operating lease costs	995	914	1,458	1,583
Net Lease costs	$ 7,928	6,193	$ 14,045	11,934
Weighted Average Remaining Lease Term (Years):	8 years 7 months 9 days		8 years 7 months 9 days		8 years 7 months 24 days
Weighted Average Discount Rate:	8.28%		8.28%		7.99%
Operating Lease, Lease Income	$ (156)	$ (107)	$ (307)	$ (151)

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Leases [Abstract]
Remainder of fiscal year 2023	$ 12,060
Fiscal year 2024	24,320
Fiscal year 2025	18,617
Fiscal year 2026	16,940
Fiscal year 2027	16,012
Thereafter	75,219
Total lease payments	163,168
Less imputed interest	(50,525)
Present value of lease liabilities	$ 112,643	$ 91,887

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities:	$ 10,409	$ 8,966
Operating lease assets obtained in exchange for lease liabilities:	$ 30,378	$ 5,785

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) - USD ($) $ in Thousands		2 Months Ended	3 Months Ended
	Aug. 05, 2022	Sep. 25, 2022	Sep. 25, 2022	Dec. 26, 2021	Mar. 31, 2022
Business Acquisition [Line Items]
Long-term debt, gross		$ 820,000	$ 820,000		$ 170,000
Secured Debt | Senior Loans | 2022 ABL Revolving Credit Facility
Business Acquisition [Line Items]
Long-term debt, gross		350,000	350,000		0
Revolving Credit Facility | Line of Credit | 2022 ABL Revolving Credit Facility
Business Acquisition [Line Items]
Term loan facility		600,000	600,000
Long-term debt, gross		470,000	470,000		0
Stone Glacier
Business Acquisition [Line Items]
Fair value of contingent consideration payable		9,939	9,939		$ 9,939
Foresight Sports | Employee Retention Payments
Business Acquisition [Line Items]
Business combination, separately recognized transactions, post combination compensation expense				$ 5,599
Foresight Sports | Contingent Payments Related To Net Sales Targets Being Met
Business Acquisition [Line Items]
Business combination, separately recognized transactions, post combination compensation expense				$ 25,000
QuietKat
Business Acquisition [Line Items]
Fair value of contingent consideration payable		11,824	11,824
Fox
Business Acquisition [Line Items]
Business combination, consideration transferred before adjustments			540
Fair value of contingent consideration payable	$ 11,400	11,400	$ 11,400
Business combination, pro forma information, revenue of acquiree since acquisition date		57,379
Business combination, pro forma information, net income of acquiree since acquisition date		$ 4,805
Fox | Maximum
Business Acquisition [Line Items]
Fair value of contingent consideration payable	$ 50,000

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Purchase Price Allocation (Details) - USD ($) $ in Thousands		3 Months Ended
	Aug. 05, 2022	Dec. 26, 2021	Sep. 25, 2022	Mar. 31, 2022	Sep. 28, 2021
Business Acquisition [Line Items]
Goodwill			$ 804,820	$ 481,857
Foresight Sports
Business Acquisition [Line Items]
Total consideration transferred		$ 470,772
Accounts receivable					$ 2,806
Inventories					10,780
Intangible assets					131,500
Property, plant, and equipment					1,870
Operating lease assets					6,506
Other long-term assets					2,006
Total assets					155,468
Accounts payable					6,177
Customer deposits					2,084
Long-term operating lease liabilities					5,961
Contract liabilities					2,992
Other liabilities					1,729
Other long-term liabilities					9,182
Total liabilities					28,125
Net assets acquired					127,343
Goodwill					$ 343,429
Fox
Business Acquisition [Line Items]
Cash consideration to the Seller	$ 559,782
Cash held in escrow to cover purchase price adjustments	5,000
Estimated working capital true-up	6,216
Total consideration transferred	582,398
Accounts receivable	39,140
Inventories	95,759
Intangible assets	253,600
Property, plant, and equipment	29,060
Operating lease assets	16,078
Other current assets	16,743
Other long-term assets	5,347
Total assets	455,727
Accounts payable	18,584
Long-term operating lease liabilities	11,971
Deferred income taxes	59,986
Other liabilities	38,998
Other long-term liabilities	41
Total liabilities	129,580
Net assets acquired	326,147
Goodwill	$ 256,251

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Indefinite and Finite-lived Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Aug. 05, 2022	Sep. 28, 2021
Foresight Sports | Trade names
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Finite-lived intangible assets acquired, value		$ 42,500
Acquired finite-lived intangible assets, weighted average useful life (in years)		20 years
Foresight Sports | Patented technology
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Finite-lived intangible assets acquired, value		$ 19,900
Foresight Sports | Patented technology | Maximum
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)		10 years
Foresight Sports | Patented technology | Minimum
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)		5 years
Foresight Sports | Customer relationships
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Finite-lived intangible assets acquired, value		$ 69,100
Foresight Sports | Customer relationships | Maximum
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)		15 years
Foresight Sports | Customer relationships | Minimum
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)		5 years
Fox | Trade names
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Finite-lived intangible assets acquired, value	$ 106,200
Fox | Patented technology | Maximum
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)	15 years
Fox | Patented technology | Minimum
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Acquired finite-lived intangible assets, weighted average useful life (in years)	5 years
Fox | Customer relationships
Finite-Lived And Indefinite-Lived Intangible Assets Acquired As Part Of Business Combination [Line Items]
Finite-lived intangible assets acquired, value	$ 147,400

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Supplemental Pro Forma Data (Details) - Fox - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Business Acquisition [Line Items]
Sales, net	$ 809,357	$ 866,547	$ 1,690,145	$ 1,597,835
Net income	$ 94,611	$ 139,541	$ 218,657	$ 233,704

Acquisitions and Divestitures_5

Acquisitions and Divestitures - Significant Nonrecurring Adjustments to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Interest	$ 13,934	$ 5,929	$ 20,244	$ 11,607
Depreciation			23,317	22,267
Income tax provision	24,519	45,270	64,619	80,523
Fox
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Fees for advisory, legal, and accounting services	$ 4,051		$ 5,965
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Weighted average interest rate (as a percent)	5.58%		5.58%
Revolving Credit Facility and Secured Debt | 2022 ABL Revolving Credit Facility and 2022 Term Loan Facility | Line of Credit
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Asset-based revolving credit facility	$ 580,000		$ 580,000
Fees for advisory, legal, accounting services | Fox
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Fees for advisory, legal, and accounting services	(4,051)	0	(5,965)	5,965
Inventory step-up, net	(2,515)	3,772	(2,515)	7,544
Interest	3,197	7,605	10,627	15,440
Depreciation	180	367	719	699
Amortization	1,176	3,064	4,245	6,126
Management Fees	(133)	(353)	(530)	(707)
Income tax provision	$ 39	$ (3,614)	$ (2,142)	$ (8,270)

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) lb in Thousands	6 Months Ended
	Sep. 25, 2022 lb
Lead Forward Contract
Derivative [Line Items]
Derivative, notional amount, mass	10,100

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Outstanding Foreign Currency Forward Contracts (Details) - Not Designated as Hedging Instrument $ in Thousands	Sep. 25, 2022 USD ($)
Derivatives, Fair Value [Line Items]
Notional amount of currency	$ 14,087
Euro Foreign Currency Forward Contract
Derivatives, Fair Value [Line Items]
Notional amount of currency	4,670
British Pound Currency Forward Contract
Derivatives, Fair Value [Line Items]
Notional amount of currency	2,693
Canadian Dollar Currency Forward Contract
Derivatives, Fair Value [Line Items]
Notional amount of currency	$ 6,724

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Disaggregation of Revenue [Line Items]
Sales, net	$ 781,678	$ 778,460	$ 1,584,290	$ 1,441,372
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	625,959	677,206	$ 1,309,493	1,235,160
Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	155,719	101,254	274,797	206,212
Sporting Products
Disaggregation of Revenue [Line Items]
Sales, net	432,489	450,193	943,116	814,481
Outdoor Accessories
Disaggregation of Revenue [Line Items]
Sales, net	73,995	116,156	142,080	215,187
Action Sports
Disaggregation of Revenue [Line Items]
Sales, net	150,761	104,645	240,818	196,787
Outdoor Recreation
Disaggregation of Revenue [Line Items]
Sales, net	124,433	107,466	258,276	214,917
Sporting Products
Disaggregation of Revenue [Line Items]
Sales, net	432,489	450,193	943,116	814,481
Sporting Products | United States
Disaggregation of Revenue [Line Items]
Sales, net	396,302	431,704	877,381	761,982
Sporting Products | Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	36,187	18,489	65,735	52,499
Sporting Products | Sporting Products
Disaggregation of Revenue [Line Items]
Sales, net	432,489	450,193	943,116	814,481
Outdoor Products
Disaggregation of Revenue [Line Items]
Sales, net	349,189	328,267	641,174	626,891
Outdoor Products | United States
Disaggregation of Revenue [Line Items]
Sales, net	229,657	245,502	432,112	473,178
Outdoor Products | Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	119,532	82,765	209,062	153,713
Outdoor Products | Outdoor Accessories
Disaggregation of Revenue [Line Items]
Sales, net	73,995	116,156	142,080	215,187
Outdoor Products | Action Sports
Disaggregation of Revenue [Line Items]
Sales, net	150,761	104,645	240,818	196,787
Outdoor Products | Outdoor Recreation
Disaggregation of Revenue [Line Items]
Sales, net	$ 124,433	$ 107,466	$ 258,276	$ 214,917

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Earnings Per Share [Abstract]
Net income	$ 93,455	$ 139,540	$ 219,470	$ 242,265
Basic EPS shares outstanding (in shares)	56,553	57,353	56,520	57,732
Dilutive effect of stock-based awards (in shares)	1,261	1,863	1,578	1,845
Diluted EPS shares outstanding (in shares)	57,814	59,216	58,098	59,577
Earnings per common share:
Basic (in dollars per share)	$ 1.65	$ 2.43	$ 3.88	$ 4.20
Diluted (in dollars per share)	$ 1.62	$ 2.36	$ 3.78	$ 4.07
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	290	0	293	527

Receivables (Narrative) (Detail

Receivables (Narrative) (Details)	9 Months Ended
	Dec. 26, 2021
Walmart | Accounts Receivable | Credit Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	14%

Receivables (Components of Rece

Receivables (Components of Receivables) (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Receivables [Abstract]
Trade receivables	$ 441,425	$ 357,584
Other receivables	9,248	13,699
Less: allowance for estimated credit losses and discounts	(18,970)	(14,510)
Net receivables	$ 431,703	$ 356,773

Receivables (Reconciliation of

Receivables (Reconciliation of Allowance for Doubtful Accounts) (Details) $ in Thousands	6 Months Ended
	Sep. 25, 2022 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 14,510
Provision for credit losses	2,178
Write-off of uncollectible amounts, net of recoveries	(128)
Accounts Receivable, Purchase	2,410
Balance at end of period	$ 18,970

Receivables (Note Receivable) (

Receivables (Note Receivable) (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022	Jul. 05, 2019
Receivables [Abstract]
Principal	$ 12,000	$ 12,000	$ 12,000
Less: unamortized discount	(1,835)	(2,308)
Receivable with Imputed Interest, Net Amount	$ 10,165	$ 9,692

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 245,851	$ 220,425
Work in process	67,067	60,390
Finished goods	465,056	362,161
Net inventories	777,974	642,976
Long-term inventories	$ 32,532	$ 14,662

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (AOCL) (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Equity [Abstract]
Derivatives	$ (634)	$ (356)
Pension and other postretirement benefits liabilities	(69,687)	(71,075)
Cumulative translation adjustment	(7,119)	(5,248)
Total AOCL	$ (77,440)	$ (76,679)

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. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Pension and other postretirement benefits liabilities, beginning balance			$ (71,075)
Cumulative translation adjustment, beginning balance			(5,248)
AOCL, Total, beginning balance			(76,679)
Net actuarial losses reclassified from AOCL	$ 694	$ 801	1,388	$ 1,599
Prior service costs reclassified from AOCL	0	(95)	0	(167)
Net change in cumulative translation adjustment	(1,398)	(337)	(1,871)	(131)
Pension and other postretirement benefits liabilities, ending balance	(69,687)		(69,687)
Cumulative translation adjustment, ending balance	(7,119)		(7,119)
AOCL, Total, ending balance	(77,440)		(77,440)
Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Derivatives, beginning balance	(347)	224	(356)	161
Change in fair value of derivatives	(324)	118	(249)	767
Net (gains) losses reclassified from AOCL	37	(554)	(29)	(1,140)
Derivatives, ending balance	(634)	(212)	(634)	(212)
Pension and other postretirement benefits liabilities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Pension and other postretirement benefits liabilities, beginning balance	(70,381)	(77,440)	(71,075)	(78,166)
Net actuarial losses reclassified from AOCL	694	801
Prior service costs reclassified from AOCL		(95)
Pension and other postretirement benefits liabilities, ending balance	(69,687)	(76,734)	(69,687)	(76,734)
Cumulative translation adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Cumulative translation adjustment, beginning balance	(5,721)	(4,984)	(5,248)	(5,190)
Net change in cumulative translation adjustment	(1,398)	(337)
Cumulative translation adjustment, ending balance	(7,119)	(5,321)	(7,119)	(5,321)
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
AOCL, Total, beginning balance	(76,449)	(82,200)	(76,679)	(83,195)
Change in fair value of derivatives	(324)	118	(249)	767
Net (gains) losses reclassified from AOCL	37	(554)	(29)	(1,140)
Net actuarial losses reclassified from AOCL	694	801	1,388	1,599
Prior service costs reclassified from AOCL		(95)		(167)
Net change in cumulative translation adjustment	(1,398)	(337)	(1,871)	(131)
AOCL, Total, ending balance	$ (77,440)	$ (82,267)	$ (77,440)	$ (82,267)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 10,947	$ 5,419	$ 18,983	$ 10,417

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Goodwill Rollforward) (Details) $ in Thousands	6 Months Ended
	Sep. 25, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 481,857
Goodwill, ending balance	804,820
Acquisitions	322,963
Sporting Products
Goodwill [Roll Forward]
Goodwill, beginning balance	86,105
Goodwill, ending balance	86,105
Acquisitions	0
Outdoor Products
Goodwill [Roll Forward]
Goodwill, beginning balance	395,752
Goodwill, ending balance	718,715
Acquisitions	$ 322,963

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Schedule of Net Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Amortizing assets
Gross carrying amount	$ 679,426	$ 478,937
Accumulated amortization	(173,429)	(154,744)
Total	505,997	324,193
Intangible assets, gross	971,629	614,539
Net intangible assets	798,200	459,795
Trade names
Amortizing assets
Non-amortizing trade names	292,203	135,602
Trade names
Amortizing assets
Gross carrying amount	113,915	113,915
Accumulated amortization	(27,302)	(23,756)
Total	86,613	90,159
Patented technology
Amortizing assets
Gross carrying amount	36,854	36,854
Accumulated amortization	(14,845)	(13,324)
Total	22,009	23,530
Customer relationships and other
Amortizing assets
Gross carrying amount	528,657	328,168
Accumulated amortization	(131,282)	(117,664)
Total	$ 397,375	$ 210,504

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal year 2023	$ 25,242
Fiscal year 2024	50,484
Fiscal year 2025	50,466
Fiscal year 2026	47,457
Fiscal year 2027	46,007
Thereafter	286,341
Total	$ 505,997	$ 324,193

Other Current and Non-current_3

Other Current and Non-current Liabilities (Components of Current and Non-current Liabilities) (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Accrual for in-transit inventory	$ 24,621	$ 11,620
Other	169,381	115,560
Total other current liabilities	$ 194,002	$ 127,180

Other Current and Non-current_4

Other Current and Non-current Liabilities (Narrative) (Details)	6 Months Ended
	Sep. 25, 2022
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. 25, 2022 USD ($)
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance, March 31, 2022	$ 9,073
Payments made	(1,633)
Warranties issued	1,680
Changes related to pre-existing warranties and other adjustments	376
Balance, September 25, 2022	$ 9,496

Long-term Debt (Components of L

Long-term Debt (Components of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022	Sep. 26, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 820,000	$ 170,000
Less: unamortized deferred financing costs	(12,738)	(3,886)
Long-term debt	1,307,262	666,114
Long-Term Debt, Current Maturities	(140,000)	0	$ 0
Long-term debt	1,167,262	666,114
4.5% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	500,000	500,000
Revolving Credit Facility | 2021 ABL Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	0	170,000
Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	470,000	0
Secured Debt | 2022 ABL Revolving Credit Facility | Senior Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 350,000	$ 0

Long-term Debt (Narrative - Cre

Long-term Debt (Narrative - Credit Agreement) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Jun. 26, 2022	Sep. 25, 2022	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 820,000,000		$ 820,000,000	$ 170,000,000
Guarantor Subsidiaries
Debt Instrument [Line Items]
Subsidiaries owned, percentage	100%		100%
4.5% Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage	4.50%		4.50%
Amortization of debt issuance costs, period (in years)			8 years
Debt issuance costs, gross	$ 4,491,000		$ 4,491,000
Bottom threshold of guarantee	75,000,000		75,000,000
4.5% Senior Notes | Fair Value, Inputs, Level 2 | Carrying amount | Fair Value, Recurring
Debt Instrument [Line Items]
Fixed-rate debt	500,000,000		500,000,000	500,000,000
4.5% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	500,000,000		$ 500,000,000	500,000,000
4.5% Senior Notes | Senior Notes | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Percentage of principal amount redeemed			100%
4.5% Senior Notes | Senior Notes | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Percentage of principal amount redeemable			0.40
Percentage of principal amount redeemable, period two			104.50%
Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Term loan facility	600,000,000		$ 600,000,000
Long-term debt, gross	470,000,000		470,000,000	0
Line of credit facility, current borrowing capacity					$ 57,000
Line of credit facility, remaining borrowing capacity	$ 54,555,000		54,555,000
Annual commitment fee on the unused portion (as a percent)	0.175%
Unamortized debt issuance costs	$ 6,646,000		$ 6,646,000
Covenant, minimum threshold line of capacity			10%
Maximum consolidated leverage ratio	3		3
Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Line of Credit | Maximum
Debt Instrument [Line Items]
Line of credit facility, increased borrowing capacity, amount	$ 150,000		$ 150,000
Revolving Credit Facility | 2021 ABL Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	0		0	170,000,000
Letters of credit outstanding, amount	15,445,000		15,445,000
Line of credit facility, current borrowing capacity	60,000,000		60,000,000
Write off of issuance costs			785,000
Revolving Credit Facility | ABL Revolving Credit Facility, 2021 and 2022 | Line of Credit
Debt Instrument [Line Items]
Unamortized debt issuance cost	$ 11,133,000		11,133,000
Secured Debt | 2022 ABL Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	3%
Secured Debt | 2022 ABL Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	4%
credit spread adjustment (as a percent)		0.10%
Secured Debt | 2022 ABL Revolving Credit Facility | Minimum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)		2.50%
Secured Debt | 2022 ABL Revolving Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)		3.50%
Secured Debt | 2022 ABL Revolving Credit Facility | Maximum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)		3%
Secured Debt | 2022 ABL Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)		4%
Secured Debt | 2022 ABL Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 9,894,000		$ 9,894,000
Amortization of debt issuance costs, period (in years)			2 years
Secured Debt | 2022 ABL Revolving Credit Facility | Senior Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 350,000,000		$ 350,000,000	$ 0
Quarterly payment, percentage of principal amount (as a percent)	10%		10%
Secured Debt | 2022 ABL Revolving Credit Facility | Senior Loans | Aggregate Outstanding Principal Exceeding Term Loan Threshold
Debt Instrument [Line Items]
Quarterly payment, percentage of principal amount (as a percent)	12.50%		12.50%
Secured Debt | 2022 ABL Revolving Credit Facility | Senior Loans | Aggregate Outstanding Principal Equal To Or Less Than Term Loan Threshold
Debt Instrument [Line Items]
Quarterly payment, percentage of principal amount (as a percent)	10%		10%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	5.58%		5.58%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	0.50%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
credit spread adjustment (as a percent)	0.10%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Minimum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	0.25%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	1.25%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Maximum | Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	0.75%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	1.75%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate margin (as a percent)	1.50%

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. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Debt Disclosure [Abstract]
Interest paid, including capitalized interest	$ 12,120	$ 12,200	$ 13,211	$ 12,200

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Defined Benefit Plans
Defined benefit plan, net periodic benefit	$ 381,000	$ 3,000	$ 762,000	$ 38,000
Pension Plan
Defined Benefit Plans
Contribution by employer			0	1,300,000
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. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax provision (as a percent)	20.80%	24.50%	22.70%	24.90%
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21%		21%
Income taxes paid, net			$ 60,068	$ 47,697
Income taxes receivable	$ 42,193		42,193
Income tax receivable, current	49,010		49,010		$ 43,560
Potential reduction of uncertain tax benefits over the next 12 months from audit settlements	3,532		3,532
Unrecognized tax benefits	29,000		29,000		24,719
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits	29,000		29,000		$ 24,719
Income taxes receivable	42,193		42,193
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	$ 2,838		$ 2,838

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Mar. 31, 2022
Loss Contingency [Abstract]
Accrual for environmental loss contingencies	$ 694	$ 697

Operating Segment Information_2

Operating Segment Information (Narrative) (Details)	6 Months Ended
	Sep. 25, 2022 reportable_segment facility
Revenue, Major Customer [Line Items]
Number of reportable segments | reportable_segment	2
Number of operating segments | facility	8
Sporting Products
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage	60%
Outdoor Products
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage	40%

Operating Segment Information_3

Operating Segment Information (Schedule of Results by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Segment Reporting Information [Line Items]
Sales, net	$ 781,678	$ 778,460	$ 1,584,290	$ 1,441,372
Gross Profit	262,874	298,921	556,344	540,348
EBIT	131,908	190,739	304,333	334,395
Depreciation and amortization	22,984	16,439	42,300	32,684
Change in fair value of contingent consideration			(11,425)	0
Sporting Products
Segment Reporting Information [Line Items]
Sales, net	432,489	450,193	943,116	814,481
Outdoor Accessories
Segment Reporting Information [Line Items]
Sales, net	73,995	116,156	142,080	215,187
Action Sports
Segment Reporting Information [Line Items]
Sales, net	150,761	104,645	240,818	196,787
Outdoor Recreation
Segment Reporting Information [Line Items]
Sales, net	124,433	107,466	258,276	214,917
Corporate and other reconciling items
Segment Reporting Information [Line Items]
Sales, net	0	0	0	0
Gross Profit	(3,035)	0	(3,035)	(384)
EBIT	(32,115)	(27,504)	(63,462)	(51,498)
Depreciation and amortization	1,043	943	2,170	1,914
Business combination, separately recognized transactions, post combination compensation expense	3,269	1,245	7,600	(1,792)
Change in fair value of contingent consideration	(11,313)		(11,425)
Sporting Products
Segment Reporting Information [Line Items]
Sales, net	432,489	450,193	943,116	814,481
Sporting Products | Sporting Products
Segment Reporting Information [Line Items]
Sales, net	432,489	450,193	943,116	814,481
Sporting Products | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	432,489	450,193	943,116	814,481
Gross Profit	159,138	202,601	360,100	351,597
EBIT	133,552	175,519	309,638	300,224
Depreciation and amortization	6,398	6,368	12,780	12,874
Sporting Products | Corporate and other reconciling items | HEVI-Shot
Segment Reporting Information [Line Items]
Business combination, step acquisition, equity interest in acquiree, remeasurement loss		0		384
Outdoor Products
Segment Reporting Information [Line Items]
Sales, net	349,189	328,267	641,174	626,891
Outdoor Products | Outdoor Accessories
Segment Reporting Information [Line Items]
Sales, net	73,995	116,156	142,080	215,187
Outdoor Products | Action Sports
Segment Reporting Information [Line Items]
Sales, net	150,761	104,645	240,818	196,787
Outdoor Products | Outdoor Recreation
Segment Reporting Information [Line Items]
Sales, net	124,433	107,466	258,276	214,917
Outdoor Products | Operating Segments
Segment Reporting Information [Line Items]
Sales, net	349,189	328,267	641,174	626,891
Gross Profit	106,771	96,320	199,279	189,135
EBIT	30,471	42,724	58,157	85,669
Depreciation and amortization	15,543	$ 9,128	27,350	$ 17,896
Outdoor Products | Corporate and other reconciling items | Fox and Simms
Segment Reporting Information [Line Items]
Business combination, step acquisition, equity interest in acquiree, remeasurement loss	$ (3,036)		$ (3,036)