Vista Outdoor (GEAR) 10-Q 9 Aug 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Cover [Abstract]
Document Type	10-Q
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
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		58,407,653
Entity Central Index Key	0001616318
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Current assets:
Cash and cash equivalents	$ 55,981	$ 60,271
Net receivables	355,968	355,903
Net inventories	619,531	609,999
Income tax receivable	0	9,113
Other current assets	42,369	39,836
Total current assets	1,073,849	1,075,122
Net property, plant, and equipment	184,774	201,864
Operating lease assets	101,427	107,007
Goodwill	318,251	318,251
Net intangible assets	613,324	627,636
Deferred income tax assets	12,504	12,895
Deferred charges and other non-current assets, net	59,664	59,605
Total assets	2,363,793	2,402,380
Current liabilities:
Accounts payable	146,745	163,411
Accrued compensation	49,404	56,983
Accrued income taxes	4,104	0
Federal excise, use, and other taxes	35,282	35,552
Other current liabilities	147,597	129,352
Total current liabilities	383,132	385,298
Long-term debt	632,378	717,238
Long-term operating lease liabilities	100,983	105,699
Accrued pension and postemployment benefits	18,766	22,866
Other long-term liabilities	42,275	44,982
Total liabilities	1,177,534	1,276,083
Commitments and contingencies (Notes 14 and 17)
Common stock—$.01 par value:
Authorized - 500,000,000 shares, Issued and outstanding—58,363,474 shares as of June 30, 2024 and 58,238,276 shares as of March 31, 2024	583	582
Additional paid-in-capital	1,650,078	1,653,089
Accumulated deficit	(178,913)	(236,033)
Accumulated other comprehensive loss	(73,404)	(74,348)
Common stock in treasury, at cost—5,600,965 shares held as of June 30, 2024 and 5,726,163 shares held as of March 31, 2024	(212,085)	(216,993)
Total stockholders' equity	1,186,259	1,126,297
Total liabilities and stockholders' equity	$ 2,363,793	$ 2,402,380

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Mar. 31, 2024
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)	58,363,474	58,238,276
Common stock, outstanding (in shares)	58,363,474	58,238,276
Common stock in treasury (in shares)	5,600,965	5,726,163

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Income Statement [Abstract]
Sales, net	$ 644,181	$ 693,333
Cost of sales	433,024	466,576
Gross profit	211,157	226,757
Operating expenses:
Research and development	12,439	12,080
Selling, general, and administrative	137,349	122,491
Gain on divestiture (Note 7)	(19,659)	0
Operating income	81,028	92,186
Other expense, net (Note 4)	(77)	(541)
Interest expense, net	(9,421)	(16,218)
Income before income taxes	71,530	75,427
Income tax provision	(14,410)	(17,327)
Net income	$ 57,120	$ 58,100
Earnings per common share:
Basic (in dollars per share)	$ 0.98	$ 1.01
Diluted (in dollars per share)	$ 0.97	$ 0.99
Weighted-average number of common shares outstanding:
Basic (in shares)	58,312	57,455
Diluted (in shares)	58,641	58,541
Pension and other postretirement benefit liabilities:
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax expense of $(178) and $(176)	$ 565	$ 562
Change in derivative instruments, net of tax expense of $(198) and $(493)	628	1,574
Change in cumulative translation adjustment, net of tax benefit (expense) of $0 and $0	(249)	664
Total other comprehensive income	944	2,800
Comprehensive income	$ 58,064	$ 60,900

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Pension and other postretirement benefit liabilities:
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, tax expense	$ (178)	$ (176)
Change in derivative instruments, tax expense	(198)	(493)
Change in cumulative translation adjustment, tax benefit (expense)	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Operating Activities
Net income	$ 57,120	$ 58,100
Adjustments to net income to arrive at cash provided by operating activities:
Depreciation	11,209	12,220
Amortization of intangible assets	12,483	12,707
Amortization of deferred financing costs	764	2,078
Impairment of long-lived assets	8,043	0
Gain on divestiture (Note 7)	(19,659)	0
Deferred income taxes	14	576
(Gain)/loss on foreign exchange	55	(1,272)
(Gain)/loss on disposal of property, plant, and equipment	396	(59)
Share-based compensation	4,123	3,307
Changes in assets and liabilities:
Net receivables	(67)	(51,915)
Net inventories	(17,695)	(6,117)
Accounts payable	(20,040)	21,850
Accrued compensation	(6,914)	(14,546)
Accrued income taxes	14,730	16,231
Federal excise, use, and other taxes	(270)	(2,951)
Pension and other postretirement benefits	(3,357)	341
Other assets and liabilities	12,830	23,151
Cash provided by operating activities	53,765	73,701
Investing Activities
Capital expenditures	(2,284)	(7,616)
Proceeds from the sale of business	33,400	0
Asset acquisition	(263)	0
Proceeds from the disposition of property, plant, and equipment	0	129
Cash provided by (used for) investing activities	30,853	(7,487)
Financing Activities
Proceeds from credit facility	63,000	30,000
Repayments of credit facility	(148,000)	(95,000)
Payments on long-term debt	0	(90)
Payments made for debt issue costs and prepayment premiums	0	(31)
Proceeds from exercise of stock options	0	39
Payments made for contingent consideration	(750)	(8,585)
Payment of employee taxes related to vested stock awards	(2,889)	(16,024)
Cash used for financing activities	(88,639)	(89,691)
Effect of foreign currency exchange rate fluctuations on cash	(269)	432
Decrease in cash and cash equivalents	(4,290)	(23,045)
Cash and cash equivalents at beginning of year	60,271	86,208
Cash and cash equivalents at end of year	55,981	63,163
Noncash investing activity:
Capital expenditures included in accounts payable and other accrued liabilities	$ 3,173	$ 2,313

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock $.01 Par Value	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Mar. 31, 2023		57,085,756
Beginning balance at Mar. 31, 2023	$ 1,131,793	$ 570	$ 1,711,155	$ (230,528)	$ (80,802)	$ (268,602)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	60,900			58,100	2,800
Exercise of stock options (in shares)		2,410
Stock Issued During Period, Value, Stock Options Exercised	39		(55)			94
Share-based compensation	3,307		3,307
Restricted stock vested and shares withheld (in shares)		901,094
Restricted stock vested and shares withheld	(16,037)		(57,520)			41,483
Other (in shares)		8,390
Other	0	$ 9	(329)			320
Ending balance (in shares) at Jun. 25, 2023		57,997,650
Ending balance at Jun. 25, 2023	$ 1,180,002	$ 579	1,656,558	(172,428)	(78,002)	(226,705)
Beginning balance (in shares) at Mar. 31, 2024	58,238,276	58,238,276
Beginning balance at Mar. 31, 2024	$ 1,126,297	$ 582	1,653,089	(236,033)	(74,348)	(216,993)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	58,064			57,120	944
Share-based compensation	4,123		4,123
Restricted stock vested and shares withheld (in shares)		123,578
Restricted stock vested and shares withheld	(2,224)		(7,070)			4,846
Other (in shares)		1,620
Other	$ (1)	$ 1	(64)			62
Ending balance (in shares) at Jun. 30, 2024	58,363,474	58,363,474
Ending balance at Jun. 30, 2024	$ 1,186,259	$ 583	$ 1,650,078	$ (178,913)	$ (73,404)	$ (212,085)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Jun. 30, 2024	Mar. 31, 2024	Jun. 25, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01

The Company and Basis of Presen

The Company and Basis of Presentation	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
The Company and Basis of Presentation	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 four reportable segments, The Kinetic Group, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology. We are headquartered in Anoka, Minnesota and have manufacturing and distribution facilities in the United States, Mexico, 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 of America 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, 2024 (“fiscal year 2024”), which was filed with the SEC on May 29, 2024. Use of Estimates —The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect amounts reported therein. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may differ from those estimates. We review our estimates to ensure that these estimates properly reflect changes in our business or as new information becomes available. See our discussion of Critical Accounting Policies and Estimates in Part I, Item 2 of this Quarterly Report.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following section describes the valuation methodologies we use to measure our financial instruments at fair value on a recurring basis: Derivative Financial Instruments Hedging instruments (see Note 4, Derivative Financial Instruments), are re-measured on a recurring basis using broker quotes, daily market foreign currency rates, and interest rate curves as applicable and are therefore categorized within Level 2 of the fair value hierarchy. 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 statements of comprehensive income. The estimated fair value of contingent consideration payable related to our acquisition of Stone Glacier as of June 30, 2024 is $2,806. Following is a summary of our contingent consideration liability Level 3 activity: March 31, 2024 $ 3,556 Payments made (750) Balance, June 30, 2024 $ 2,806 Contingent consideration liabilities are reported under the following captions in the condensed consolidated balance sheets: June 30, 2024 March 31, 2024 Other current liabilities $ 2,806 $ 750 Other long-term liabilities — 2,806 Total $ 2,806 $ 3,556 Disclosures about the Fair Value of Financial Instruments The carrying amount of our receivables, inventory, accounts payable, and accrued liabilities as of June 30, 2024 and March 31, 2024 approximates fair value because of the short maturity of these instruments. The carrying values of cash and cash equivalents as of June 30, 2024 and March 31, 2024 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: June 30, 2024 March 31, 2024 Carrying Fair Carrying Fair Fixed rate debt (1) $ 500,000 $ 501,605 $ 500,000 $ 500,865 Variable rate debt (2) 135,000 135,000 220,000 220,000 (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 14, Long-term Debt, for information on our credit facilities, including certain risks and uncertainties. (2) Variable rate debt — The carrying value of the amounts outstanding under our ABL Revolving Credit Facility approximates the fair value because the interest rates are variable and reflective of market rates as of June 30, 2024. 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 14, Long-term Debt, for additional information on our credit facilities, including related certain risks and uncertainties. We periodically evaluate the recoverability of the carrying amount of our long-lived assets, including amortizing intangible assets, whenever events or changes in circumstances indicate that the carrying amount of the asset may not be fully recoverable or exceeds its fair value. These assets include long-lived assets that are written down to fair value when they are held for sale or determined to be impaired. See Note 7, Divestitures and Acquisitions, for discussion of impairment recorded during the first fiscal quarter of 2025 related to divestiture completed in the second fiscal quarter of 2025. See Note 3, Leases , for discussion of right of use asset (ROU) impairments during the first fiscal quarter of 2025. Significant assumptions were used to estimate fair value of long-lived assets, which were categorized within Level 3 of the fair value hierarchy. See Note 13, Restructuring, for discussion of long-lived asset impairments related to our GEAR Up restructuring plan during the first fiscal quarter of 2025.

Leases

Leases	3 Months Ended
	Jun. 30, 2024
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 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 June 30, 2024 March 31, 2024 Assets: Operating lease assets Operating lease assets $ 101,427 $ 107,007 Liabilities: Current: Operating lease liabilities Other current liabilities $ 15,295 $ 14,673 Long-term: Operating lease liabilities Long-term operating lease liabilities 100,983 105,699 Total lease liabilities $ 116,278 $ 120,372 The components of lease expense are recorded to cost of sales and selling, general, and administrative expenses in the condensed consolidated statements of comprehensive income. The components of lease expense were as follows: Three months ended June 30, 2024 June 25, 2023 Fixed operating lease costs (1) $ 6,429 $ 7,101 Variable operating lease costs 1,247 1,210 Operating and sublease income (160) (192) Net lease costs $ 7,516 $ 8,119 (1) Includes short-term leases, which are immaterial. The weighted average remaining lease term and weighted average discount rate is as follows: June 30, 2024 March 31, 2024 Weighted average remaining lease term (years): Operating leases 8.74 8.82 Weighted average discount rate: Operating leases 8.69 % 8.64 % The approximate future minimum lease payments under operating leases were as follows: Remainder of fiscal year 2025 $ 18,502 Fiscal year 2026 22,938 Fiscal year 2027 20,431 Fiscal year 2028 18,394 Fiscal year 2029 16,508 Thereafter 72,908 Total lease payments 169,681 Less imputed interest (53,403) Present value of lease liabilities $ 116,278 Supplemental cash flow information related to leases is as follows: Three months ended June 30, 2024 June 25, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 6,215 $ 6,707 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 865 $ 2,996 ROU asset re-measurement (1,249) (626) As part of our GEAR Up restructuring plan, we made a strategic decision to close and impair office locations that were no longer being used as intended or are actively being marketed for sublease. Accordingly, during the first fiscal quarter of 2025, we recognized a ROU asset impairment of $1,612 reducing the carrying value of the lease asset to its estimated fair value, which is included in selling, general, and administrative on our condensed consolidated statements of comprehensive income.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Commodity Price Risk We use designated cash flow hedges to hedge our exposure to price fluctuations on lead we purchase for raw material components in our ammunition manufacturing process that 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 June 30, 2024, we had outstanding lead forward contracts on approximately 5 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 asset related to the lead forward contracts is immaterial and is recorded as part of other current assets. Foreign Exchange Risk In the normal course of business, we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to transactions of our international subsidiaries. We use designated cash flow hedges in the form of foreign currency forward contracts as part of our strategy to manage the level of exposure to the risk of fluctuations in foreign currency exchange rates and to mitigate the impact of foreign currency translation on transactions that are denominated primarily in British Pounds, Euros, and Canadian Dollars. Cash Flow Hedging Instrument We use foreign currency forward contracts designated as qualifying cash flow hedging instruments to help mitigate our exposure on our foreign subsidiaries' inventory purchases and intercompany transactions, which is different than their functional currency. Certain U.S. subsidiaries also hedge a portion of their future sales in Canadian Dollars. These contracts generally mature within 12 months from their inception. As of June 30, 2024, the notional amounts of our foreign currency forward contracts designated as cash flow hedge instruments were approximately $32,851. The effectiveness of cash flow hedge contracts is assessed quantitatively at inception and qualitatively thereafter considering the transactions critical terms and counterparty credit quality. During the three months ended June 30, 2024 and June 25, 2023, we recorded net foreign currency translation (loss) gain of $(79) and $239, respectively, on the condensed consolidated statements of comprehensive income within other expense, net. Interest Rate Swaps During fiscal year 2023, we entered into floating-to-fixed interest rate swaps in order to mitigate the risk of changes in our interest rates on our outstanding variable-rate debt. We will receive variable interest payments from the counterparty lenders in exchange for fixed interest rate payments made by us. As of June 30, 2024, we had the following interest rate swaps outstanding: Notional Fair value Pay fixed Receive floating Maturity date Non-amortizing swap $ 50,000 $ 177 4.491% 5.331% Feb 2026 Non-amortizing swap 25,000 1 4.650% 5.328% Mar 2026 The amount paid or received under these swaps is recorded as an adjustment to interest expense. All unrealized gains and losses as shown as of June 30, 2024 will be recognized in the condensed consolidated statements of comprehensive income in interest expense within the next fiscal year, at their then-current value. The following tables summarize the fair value of our derivative instruments as well as the location of the asset and/or liability on the condensed consolidated balance sheets: Asset (Liability) derivatives Derivatives designated as cash flow hedging instruments Balance sheet location June 30, 2024 March 31, 2024 Interest rate swap contract Deferred charges and other non-current assets, net $ 178 $ 13 Foreign currency forward contracts Other current assets 312 — Foreign currency forward contracts Other current liabilities — (4) Total $ 490 $ 9 The following tables summarize the net effect of all cash flow hedges for each of our derivative contracts on the condensed consolidated financial statements: Gain (loss) recognized in other comprehensive income Three months ended Derivatives designated as cash flow hedging instruments: June 30, 2024 June 25, 2023 Foreign currency forward contracts $ 330 $ (161) Lead forward contracts 379 146 Interest rate swap contracts 325 1,271 Total gain (loss) $ 1,034 $ 1,256 Gain (loss) reclassified from other comprehensive income into earnings Three months ended Derivatives designated as cash flow hedging instruments: Location June 30, 2024 June 25, 2023 Foreign currency forward contracts Cost of sales $ — $ (400) Foreign currency forward contracts Other income (expense), net 13 (679) Lead forward contracts Cost of sales 35 194 Interest rate swap contracts Interest expense, net 160 74 Total gain (loss) $ 208 $ (811)

Revenue Recognition

Revenue Recognition	3 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Our disaggregated revenue is fully disclosed by reportable segments and by geographic area in Note 18, Operating Segment Information. 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 and 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. The immaterial amount of 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. Our contracts with customers 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 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.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Jun. 30, 2024
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 fiscal years presented, earnings, as reported for each respective period, is divided by the number of shares below: Three months ended June 30, 2024 June 25, 2023 Numerator: Net income $ 57,120 $ 58,100 Denominator: Weighted-average number of common shares outstanding, basic 58,312 57,455 Dilutive effect of stock-based awards (1) 329 1,086 Diluted shares 58,641 58,541 Earnings per common share: Basic $ 0.98 $ 1.01 Diluted $ 0.97 $ 0.99 (1) Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the common stock were 300 and 109, respectively.

Divestitures and Acquisitions

Divestitures and Acquisitions	3 Months Ended
	Jun. 30, 2024
Mergers, Acquisitions And Dispositions Disclosures [Abstract]
Divestitures and Acquisitions	Divestitures and Acquisitions Divestitures Subsequent to June 30, 2024, we executed an agreement to sell our wood pellet manufacturer company, Fiber Energy Products. The assets of this business represented a portion of our Revelyst Outdoor Performance reportable segment. The decision to divest this business triggered a quantitative impairment analysis as of June 30, 2024. We recorded a $6,336 fixed asset impairment during the first quarter of fiscal year 2025 to write down the carrying value of the Fiber Energy facilities and equipment to their fair value, which is included in selling, general, and administrative on our condensed consolidated statements of comprehensive income. The key assumption in the fair value analysis was the proposed purchase price as of June 30, 2024. This transaction does not meet the criteria for discontinued operations as it does not represent a strategic shift that will have a major effect on our ongoing operations. On May 1, 2024, we completed the divestiture of the RCBS brand. The assets of this business represented a portion of our Revelyst Outdoor Performance reportable segment. D uring the three months ended June 30, 2024, we recognized a pretax gain on this divestiture of approximately $19,659, which is included in gain on divestiture on our condensed consolidated statements of comprehensive income. This transaction does not meet the criteria for discontinued operations as it does not represent a strategic shift that will have a major effect on our ongoing operations. Acquisitions During the fourth quarter of fiscal year 2024, we acquired PinSeeker, a leader in virtual network of golfers, allowing players to compete globally in real-time. The results of this business are reported within the Revelyst Precision Sports Technology 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 acquisition is not significant to our condensed consolidated financial statements and as such we have not included disclosures of the allocation of the purchase price or any pro forma information.

Receivables

Receivables	3 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Receivables	Receivables Our trade accounts receivables are recorded at net realizable value, which includes an appropriate allowance for estimated credit losses as described in Note 1, The Company and Basis of Presentation . 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: June 30, 2024 March 31, 2024 Trade receivables $ 360,625 $ 357,672 Other receivables 14,846 17,585 Less: allowance for estimated credit losses and discounts (19,503) (19,354) Net receivables $ 355,968 $ 355,903 Walmart represented 14% and 11% of the total trade receivables balance as of June 30, 2024 and March 31, 2024, respectively. The following provides a reconciliation of the activity related to the allowance for estimated credit losses and discounts for the periods presented: Balance, March 31, 2024 $ 19,354 Provision for credit losses (249) Write-off of uncollectible amounts, net of recoveries 398 Balance, June 30, 2024 $ 19,503

Inventories

Inventories	3 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Net inventories consist of the following: June 30, 2024 March 31, 2024 Raw materials $ 189,882 $ 179,308 Work in process 57,584 57,093 Finished goods 372,065 373,598 Net inventories $ 619,531 $ 609,999 We consider inventories to be long-term if they are not expected to be sold within one year. Long-term inventories are presented on the balance sheet net of reserves within deferred charges and other non-current assets and totaled $38,943 and $38,683 as of June 30, 2024 and March 31, 2024, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (AOCL)	3 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Loss (AOCL)	Accumulated Other Comprehensive Loss (AOCL) The components of net AOCL, including income taxes, are as follows: June 30, 2024 March 31, 2024 Derivatives $ 613 $ (15) Pension and other postretirement benefit liabilities (68,157) (68,722) Cumulative translation adjustment (5,860) (5,611) Total accumulated other comprehensive loss $ (73,404) $ (74,348) The following table details 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 June 30, 2024 June 25, 2023 Derivatives Pension and other Postretire-ment Benefits Cumulative translation adjustment Total Derivatives Pension and other Postretire-ment Benefits Cumulative translation adjustment Total Beginning of year AOCL $ (15) $ (68,722) $ (5,611) $ (74,348) $ (3,543) $ (71,449) $ (5,810) $ (80,802) Change in fair value of derivatives 1,034 — — 1,034 1,256 — — 1,256 Income tax impact on derivative instruments (198) — — (198) (493) — — (493) Net loss (gain) reclassified from AOCL (208) — — (208) 811 — — 811 Net actuarial losses reclassified from AOCL (1) — 565 — 565 — 562 — 562 Net change in cumulative translation adjustment — — (249) (249) — — 664 664 End of period net AOCL $ 613 $ (68,157) $ (5,860) $ (73,404) $ (1,969) $ (70,887) $ (5,146) $ (78,002) (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. See Note 15, Employee Benefit Plans

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jun. 30, 2024
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: The Kinetic Group Revelyst Outdoor Performance Revelyst Adventure Sports Revelyst Precision Sports Technology Total Balance, March 31, 2024 $ 86,105 $ — $ — $ 232,146 318,251 Balance, June 30, 2024 $ 86,105 $ — $ — $ 232,146 $ 318,251 Intangible assets by major asset class consisted of the following: June 30, 2024 March 31, 2024 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,636 $ (39,412) $ 74,224 $ 113,636 $ (37,646) $ 75,990 Patented technology 37,867 (20,029) 17,838 37,604 (19,252) 18,352 Customer relationships and other 522,999 (199,966) 323,033 523,059 (190,068) 332,991 Total 674,502 (259,407) 415,095 674,299 (246,966) 427,333 Non-amortizing trade names 198,229 — 198,229 200,303 — 200,303 Net intangible assets $ 872,731 $ (259,407) $ 613,324 $ 874,602 $ (246,966) $ 627,636 The net decrease in the gross intangible assets during the first quarter of fiscal 2025 was due to amortization expense and the divestiture of RCBS non-amortizing trade names. Amortization expense related to these assets was $12,483 and $12,707 for the three months ended June 30, 2024 and June 25, 2023 respectively. As of June 30, 2024, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2025 $ 37,504 Fiscal year 2026 47,001 Fiscal year 2027 45,551 Fiscal year 2028 40,381 Fiscal year 2029 33,897 Thereafter 210,761 Total $ 415,095

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities The major categories of current liabilities are as follows: June 30, 2024 March 31, 2024 Warranty liability $ 7,993 $ 8,083 Accrual for in-transit inventory 19,967 5,570 Operating lease liabilities 15,295 14,673 Contingent consideration 2,806 750 Other 101,536 100,276 Total other current liabilities $ 147,597 $ 129,352

Restructuring

Restructuring	3 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring As part of our restructuring plans, we have and will incur severance and employee related costs, professional fees, ROU asset impairments and other exit and disposal costs which are recorded in Selling, general, and administrative in the condensed consolidated statements of comprehensive income. Severance and employee related costs consist primarily of salary continuation benefits, outplacement services and continuation of health benefits. Severance and employee related benefits are pursuant to our severance plan and are accounted for in accordance with ASC 712, Compensation - Nonretirement Postemployment Benefits , based upon the characteristics of the termination benefits being provided in the restructuring, pursuant to our severance plan. Severance and employee related costs are recognized when the benefits are determined to be probable of being paid and reasonably estimable. Professional fees, contract termination costs and other exit and disposal costs are accounted for in accordance with ASC 420, Exit or Disposal Cost Obligations and are recognized as incurred. Asset impairments are accounted for in accordance with ASC 360-10, Impairment and Disposal of Long-Lived Assets . ROU asset impairments are accounted for in accordance with ASC 842, Leases . Restructuring accruals are based upon management estimates at the time and are subject to change depending upon changes in facts and circumstances subsequent to the date the original liability was recorded. During fiscal year 2024, we initiated the GEAR Up transformation program. GEAR Up is an efficiency and cost savings initiative program, to accelerate growth and transformation within our Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology reportable segments. We made changes to the structure of our organization during the fourth fiscal quarter of 2024, which resulted in our pre vious Revelyst reportable segment being reorganized into three new reportable segments. We further finalized plans to centralize certain functions under shared services to better support our segments. We also announced plans to geographically consolidate the businesses within Revelyst Adventure Sports, Revelyst Outdoor Performance and Revelyst Precision Sports Technology. These geographic relocations are expected to be completed during fiscal year 2025. For GEAR Up, we are estimating pre-tax restructuring charges of approximately $40,000 to $50,000 over the duration of the plan. We expect these charges to be completed during fiscal 2027. All pre-tax restructuring charges will be recorded as corporate expense, and not allocated to our reportable segments. During the three months ended June 30, 2024 , we incurred $5,190 of pre-tax restructuring costs in connection with GEAR Up, which are recorded in Selling, general, and administrative expense in the condensed consolidated statements of comprehensive income. In the fourth quarter of fiscal year 2023, we announced a cost reduction and earnings improvement program. That program was substantially completed as of March 31, 2024, with only immaterial accruals related to employee costs remaining as of June 30, 2024. The following tables summarize restructuring charges recorded as a result of our restructuring programs for the periods presented: Three months ended Incurred since GEAR Up restructuring costs June 30, 2024 June 25, 2023 inception Impairment on technology assets $ — $ — $ 306 Employee severance and related expenses 416 — 6,472 Professional fees 967 — 2,687 Right-of-use asset impairments 1,612 — 1,741 Long-lived asset impairments 95 — 95 Contract terminations 1,630 — 1,630 Other 470 — 538 Total $ 5,190 $ — $ 13,469 The tables below present a roll forward of our accruals or (deposits) related to GEAR Up, which are included in Accounts payable, Other current liabilities, or Other current assets: GEAR Up Balance as of March 31, 2024 Charges Payments Balance as of June 30, 2024 Employee severance and related expenses $ 5,399 $ 416 $ (3,564) $ 2,251 Professional fees (968) 967 (2,744) (2,745) Contract terminations — 1,630 (1,198) 432 Other 7 178 (185) — Total $ 4,438 $ 3,191 $ (7,691) $ (62)

Long-Term Debt

Long-Term Debt	3 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-term Debt June 30, 2024 March 31, 2024 2022 ABL Revolving Credit Facility $ 135,000 $ 220,000 Total Principal Amount of Credit Agreements 135,000 220,000 4.5% Senior Notes 500,000 500,000 Total Principal Amount of Long-Term Debt 635,000 720,000 Less: unamortized deferred financing costs (2,622) (2,762) Carrying amount of long-term debt 632,378 717,238 Less: current portion — — Carrying amount of long-term debt, excluding current portion $ 632,378 $ 717,238 Credit Agreements —In fiscal year 2023, 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 June 30, 2024, 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 $135,000 and outstanding letters of credit of $13,956, less the minimum required borrowing base of $57,000, was $271,256. 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). 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 was paid off during the fourth quarter of fiscal year 2024. 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 June 30, 2024, the margin under the 2022 ABL Revolving Credit Facility was 0.50% for base rate loans and 1.50% 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. As of June 30, 2024, the weighted average interest rate for our borrowings under the 2022 ABL Revolving Credit Facility was 6.49%. Debt issuance costs incurred to date related to the 2022 ABL Revolving Credit Facility were approximately $11,310, which included remaining unamortized debt issuance costs related to the 2021 ABL Credit Facility. The costs are being amortized over the term of the 2022 ABL Revolving Credit Facility and are included within other current and non-current assets. Substantially all domestic tangible and intangible assets of Vista Outdoor and our domestic subsidiaries are pledged as collateral under the 2022 ABL Revolving Credit Facility. 4.5% Notes —In fiscal year 2021, we issued $500,000 aggregate principal amount of 4.5% Notes that mature on March 15, 2029. These notes are unsecured and senior obligations. Interest on the notes is payable semi-annually in arrears on March 15 and September 15 of each year. We had the right to redeem some or all of these notes on or after March 15, 2024 at specified redemption prices. 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 obligation is 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 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, or • if such subsidiary guarantor has been released from its guarantees of indebtedness under the 2022 ABL Revolving Credit Facility and all capital markets debt securities Covenants 2022 ABL Revolving Credit Facility —Our 2022 ABL Revolving Credit Facility imposes restrictions on us, including limitations on our ability to pay cash dividends, incur debt or liens, redeem or repurchase Vista Outdoor stock, enter into transactions with affiliates, make investments, merge or consolidate with others or dispose of assets. The 2022 ABL Revolving Credit Facility 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. The 2022 ABL Revolving Credit Facility includes a covenant that prohibits the “Planned Separation” (as defined in Vista Outdoor’s Form 10-K filing for the fiscal year ended March 31, 2022) with respect to the separation of Vista Outdoor’s Revelyst and The Kinetic Group segments or any analogous transaction with respect to any line of business, business segment or division (or any part thereof) of Vista Outdoor or any subsidiary thereof. In October 2023, we announced our entry into a definitive agreement to sell The Kinetic Group business to Czechoslovak Group a.s. (“CSG”) on a cash-free, debt-free basis with a normalized level of working capital (the "The Kinetic Group Sale" or the “Sporting Products Sale”). See Sale of The Kinetic Group and Planned Separation in the Executive Summary and Financial Highlights of Part I, Item 2 of this Quarterly Report for further discussion of the Sporting Products Sale. Vista Outdoor anticipates that the 2022 ABL Revolving Credit Facility will be repaid in full (or amended to unconditionally release all The Kinetic Group entities from their obligations thereunder) prior to or upon the consummation of the Sporting Products Sale. If we do not comply with the covenants in the 2022 ABL Revolving Credit Facility, the lenders 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 $271,256 as of June 30, 2024. 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, make other distributions, repurchase, or redeem our capital stock, prepay, redeem or repurchase certain debt and make loans and investments. The 2022 ABL Revolving Credit Facility and the indenture governing the 4.5% Notes contain cross-default provisions so that noncompliance with the covenants within one debt agreement could also cause a default under the other debt agreement. As of June 30, 2024, 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 may prevent us from drawing under these loans and may result in an event of default under the 2022 ABL Revolving Credit Facility, which default may allow the creditors to accelerate the related indebtedness and the indebtedness under our 4.5% Notes and proceed against the collateral that secures such indebtedness. We may not have sufficient liquidity to repay the indebtedness in such circumstances. Cash Paid for Interest on Debt

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans We recognized an aggregate net loss of $415 and $237 for employee defined benefit plans during the three months ended June 30, 2024 and June 25, 2023, respectively. Employer contributions and distributions —We made contributions of $3,500 and $0 to our pe nsion trust during the three months ended June 30, 2024 and June 25, 2023, respectively. Substantially all contributions made to our pension trust were required by local funding requirements. We currently expect to make additional contributions of $800 during fiscal year 2025. Required future pension contributions are estimated based upon assumptions such as discount rates on future obligations, assumed rates of return on plan assets, and legislative changes. Actual future pension costs and required funding obligations will be affected by changes to these assumptions. 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 contributio ns 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 2025.

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and June 25, 2023 represent effective tax rates of 20.1% and 23.0%, respectively. The decrease in the effective tax rate from the prior year three month period is primarily driven by the release of valuation allowance related to capital losses carried forward. The effective tax rate for the three months ended June 30, 2024 and June 25, 2023 is reflective of the federal statutory rate of 21% increased by the state taxes and reserves for uncertain tax positions and decreased by the deduction for research and development tax credit and the current year release of valuation allowance. Income taxes paid, net of refunds, totaled $(513) and $251 for the three months ended June 30, 2024 and June 25, 2023, respectively. We have classified uncertain tax positions as non-current income tax liabilities unless expected to be paid within one year. As of June 30, 2024 and March 31, 2024, the amount of unrecognized tax benefits, including interest and penalties, that have not been recorded in the financial statements amounted to $26,364 and $24,853, respectively. It is expected that a $857 reduction of the liability for unrecognized tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $683.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We lease certain warehouse, distribution and office facilities, vehicles, and office equipment under operating leases. These operating lease liabilities represent commitments for minimum lease payments under non-cancelable operating leases in the amount of $169,681. See Note 3, Leases . 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 position, 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 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 position, or cash flows. We have recorded a liability for environmental remediation of $505 as of June 30, 2024 and $280 as of March 31, 2024. 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	3 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information We are currently organized into four operating and reportable segments. During the third fiscal quarter of 2024, we changed the name of the formerly named Outdoor Products reportable segment to Revelyst and our formerly named Sporting Products reportable segment to The Kinetic Group. During the fourth fiscal quarter of 2024, we reorganized the former Revelyst reportable segment into three reportable segments, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology based on brand portfolios. Our segment reporting is based upon the "management approach," i.e., how we organize operating segments for which separate financial information is (1) available and (2) evaluated regularly by the Chief Operating Decision Maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our Chief Operating Decision Makers (CODMs) are our two Co-Chief Executive Officers. • The Kinetic Group consists of our ammunition brands. The primary products of this segment include ammunition used for training, hunting, target shooting and personal protection. • Revelyst Outdoor Performance primarily consists of our outdoor cooking, fishing, outdoor accessories and technical gear and apparel brands. The primary products of this segment include waders, sportswear, outerwear, footwear and fishing tools and accessories, performance optics, outdoor accessories and outdoor cooking equipment. • Revelyst Adventure Sports primarily consists of our protective gear and apparel, footwear, hydration and e-mobility brands. The primary products of this segment include motocross, mountain biking, cycling, and snow sports protection and accessories, as well as bike hydration packs and water bottles, and e-bikes. • Revelyst Precision Sports Technology primarily consists of our golf technology brands. The primary products of this segment include high-performance golf GPS devices, laser rangefinders and launch monitors. Our CODMs rely on internal management reporting that analyzes our segment operating income. 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. As segment assets are not reported to or used by the CODMs to measure business performance or allocate resources, total segment assets are not presented below. No customer contributed more than 10% of sales during three months ended June 30, 2024 and June 25, 2023. Sales to no individual country outside the U.S. accounted for more than 5% of our sales for the three months ended June 30, 2024 and June 25, 2023. Our sales to foreign customers were $105,607 and $120,831 for the three months ended June 30, 2024 and June 25, 2023, respectively. During the three months ended June 30, 2024, approximately 31%, 10%, 48%, and 11% of these sales were in The Kinetic Group, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology, respectively. The following table contains information used to evaluate our operating segments for the periods presented below: Three months ended June 30, 2024 The Kinetic Group Revelyst Outdoor Performance Revelyst Adventure Sports Revelyst Precision Sports Technology Reportable segment totals Corporate and other reconciling items (a) Total Sales, net $ 370,437 $ 89,509 $ 127,262 $ 56,973 $ 644,181 $ — $ 644,181 Gross profit 129,767 21,733 34,914 24,743 211,157 — 211,157 Operating income $ 104,396 $ (2,876) $ (6,200) $ 7,527 $ 102,847 $ (21,819) $ 81,028 Other expense, net (77) Interest expense, net (9,421) Income before income taxes $ 71,530 Depreciation and amortization $ 6,727 $ 5,339 $ 8,615 $ 2,677 $ 23,358 $ 334 $ 23,692 Three months ended June 25, 2023 The Kinetic Group (b) Revelyst Outdoor Performance (b) Revelyst Adventure Sports (b) Revelyst Precision Sports Technology Reportable segment totals Corporate and other reconciling items (a) Total Sales, net $ 376,593 $ 106,549 $ 144,359 $ 65,832 $ 693,333 $ — $ 693,333 Gross profit 131,903 25,826 42,684 26,344 226,757 — 226,757 Operating income $ 108,464 $ (1,487) $ (1,827) $ 9,838 $ 114,988 $ (22,802) $ 92,186 Other (expense) income, net (541) Interest expense, net (16,218) Income before income taxes $ 75,427 Depreciation and amortization $ 6,399 $ 5,854 $ 9,136 $ 2,588 $ 23,977 $ 950 $ 24,927 (a) includes corporate general and administrative expenses of $35,074 and $18,358 for the three months ended June 30, 2024 and June 25, 2023, respectively, plus other non-recurring costs that are not allocated to the segments in order to present comparable results as presented to the CODMs. Reconciling items during the three months ended June 30, 2024 included the gain on divestiture of the RCBS business of $(19,659), fixed asset impairment of $6,336 and post-acquisition compensation expense of $68 allocated from the segments. Reconciling items during the three months ended June 25, 2023 included post-acquisition compensation expense of $4,332 and contingent consideration fair value adjustment of $112. (b) During the fourth quarter of fiscal year 2024, we modified our reportable segments. Accordingly, prior comparative periods have been restated to conform to the change. Sales, net exclude all intercompany sales between our reportable segments, which were not material for any of the periods presented.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

The Company and Basis of Pres_2

The Company and Basis of Presentation (Policies)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	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 of America 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, 2024 (“fiscal year 2024”), which was filed with the SEC on May 29, 2024.
Use of Estimates	Use of Estimates —The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect amounts reported therein. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may differ from those estimates. We review our estimates to ensure that these estimates properly reflect changes in our business or as new information becomes available. See our discussion of Critical Accounting Policies and Estimates in Part I, Item 2 of this Quarterly Report.
Fair Value of Financial Instruments	The following section describes the valuation methodologies we use to measure our financial instruments at fair value on a recurring basis: Derivative Financial Instruments Hedging instruments (see Note 4, Derivative Financial Instruments), are re-measured on a recurring basis using broker quotes, daily market foreign currency rates, and interest rate curves as applicable and are therefore categorized within Level 2 of the fair value hierarchy. Contingent Consideration
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 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.
Derivative Financial Instruments	Commodity Price Risk We use designated cash flow hedges to hedge our exposure to price fluctuations on lead we purchase for raw material components in our ammunition manufacturing process that 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 June 30, 2024, we had outstanding lead forward contracts on approximately 5 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 asset related to the lead forward contracts is immaterial and is recorded as part of other current assets. Foreign Exchange Risk In the normal course of business, we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to transactions of our international subsidiaries. We use designated cash flow hedges in the form of foreign currency forward contracts as part of our strategy to manage the level of exposure to the risk of fluctuations in foreign currency exchange rates and to mitigate the impact of foreign currency translation on transactions that are denominated primarily in British Pounds, Euros, and Canadian Dollars. Cash Flow Hedging Instrument We use foreign currency forward contracts designated as qualifying cash flow hedging instruments to help mitigate our exposure on our foreign subsidiaries' inventory purchases and intercompany transactions, which is different than their functional currency. Certain U.S. subsidiaries also hedge a portion of their future sales in Canadian Dollars. These contracts generally mature within 12 months from their inception. As of June 30, 2024, the notional amounts of our foreign currency forward contracts designated as cash flow hedge instruments were approximately $32,851. The effectiveness of cash flow hedge contracts is assessed quantitatively at inception and qualitatively thereafter considering the transactions critical terms and counterparty credit quality.
Revenue Recognition	Our disaggregated revenue is fully disclosed by reportable segments and by geographic area in Note 18, Operating Segment Information. 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 and 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. The immaterial amount of 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. Our contracts with customers 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 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.
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.
Receivables	Our trade accounts receivables are recorded at net realizable value, which includes an appropriate allowance for estimated credit losses as described in Note 1, The Company and Basis of Presentation . 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.
Operating Segment Information	We are currently organized into four operating and reportable segments. During the third fiscal quarter of 2024, we changed the name of the formerly named Outdoor Products reportable segment to Revelyst and our formerly named Sporting Products reportable segment to The Kinetic Group. During the fourth fiscal quarter of 2024, we reorganized the former Revelyst reportable segment into three reportable segments, Revelyst Outdoor Performance, Revelyst Adventure Sports, and Revelyst Precision Sports Technology based on brand portfolios. Our segment reporting is based upon the "management approach," i.e., how we organize operating segments for which separate financial information is (1) available and (2) evaluated regularly by the Chief Operating Decision Maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our Chief Operating Decision Makers (CODMs) are our two Co-Chief Executive Officers. • The Kinetic Group consists of our ammunition brands. The primary products of this segment include ammunition used for training, hunting, target shooting and personal protection. • Revelyst Outdoor Performance primarily consists of our outdoor cooking, fishing, outdoor accessories and technical gear and apparel brands. The primary products of this segment include waders, sportswear, outerwear, footwear and fishing tools and accessories, performance optics, outdoor accessories and outdoor cooking equipment. • Revelyst Adventure Sports primarily consists of our protective gear and apparel, footwear, hydration and e-mobility brands. The primary products of this segment include motocross, mountain biking, cycling, and snow sports protection and accessories, as well as bike hydration packs and water bottles, and e-bikes. • Revelyst Precision Sports Technology primarily consists of our golf technology brands. The primary products of this segment include high-performance golf GPS devices, laser rangefinders and launch monitors. Our CODMs rely on internal management reporting that analyzes our segment operating income. 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. As segment assets are not reported to or used by the CODMs to measure business performance or allocate resources, total segment assets are not presented below.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Summary of contingent consideration liability Level 3 activity	Following is a summary of our contingent consideration liability Level 3 activity: March 31, 2024 $ 3,556 Payments made (750) Balance, June 30, 2024 $ 2,806 Contingent consideration liabilities are reported under the following captions in the condensed consolidated balance sheets: June 30, 2024 March 31, 2024 Other current liabilities $ 2,806 $ 750 Other long-term liabilities — 2,806 Total $ 2,806 $ 3,556
Schedule of carrying values and estimated fair values of assets and liabilities that are measured on a recurring basis	The table below discloses information about carrying values and estimated fair value relating to our financial assets and liabilities: June 30, 2024 March 31, 2024 Carrying Fair Carrying Fair Fixed rate debt (1) $ 500,000 $ 501,605 $ 500,000 $ 500,865 Variable rate debt (2) 135,000 135,000 220,000 220,000 (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 14, Long-term Debt, for information on our credit facilities, including certain risks and uncertainties. (2) Variable rate debt — The carrying value of the amounts outstanding under our ABL Revolving Credit Facility approximates the fair value because the interest rates are variable and reflective of market rates as of June 30, 2024. 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 14, Long-term Debt, for additional information on our credit facilities, including related certain risks and uncertainties. We periodically evaluate the recoverability of the carrying amount of our long-lived assets, including amortizing intangible assets, whenever events or changes in circumstances indicate that the carrying amount of the asset may not be fully recoverable or exceeds its fair value. These assets include long-lived assets that are written down to fair value when they are held for sale or determined to be impaired. See Note 7, Divestitures and Acquisitions, for discussion of impairment recorded during the first fiscal quarter of 2025 related to divestiture completed in the second fiscal quarter of 2025. See Note 3, Leases , for discussion of right of use asset (ROU) impairments during the first fiscal quarter of 2025. Significant assumptions were used to estimate fair value of long-lived assets, which were categorized within Level 3 of the fair value hierarchy. See Note 13, Restructuring, for discussion of long-lived asset impairments related to our GEAR Up restructuring plan during the first fiscal quarter of 2025.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jun. 30, 2024
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 June 30, 2024 March 31, 2024 Assets: Operating lease assets Operating lease assets $ 101,427 $ 107,007 Liabilities: Current: Operating lease liabilities Other current liabilities $ 15,295 $ 14,673 Long-term: Operating lease liabilities Long-term operating lease liabilities 100,983 105,699 Total lease liabilities $ 116,278 $ 120,372
Schedule of lease cost and supplemental cash flow information	The components of lease expense are recorded to cost of sales and selling, general, and administrative expenses in the condensed consolidated statements of comprehensive income. The components of lease expense were as follows: Three months ended June 30, 2024 June 25, 2023 Fixed operating lease costs (1) $ 6,429 $ 7,101 Variable operating lease costs 1,247 1,210 Operating and sublease income (160) (192) Net lease costs $ 7,516 $ 8,119 (1) Includes short-term leases, which are immaterial. The weighted average remaining lease term and weighted average discount rate is as follows: June 30, 2024 March 31, 2024 Weighted average remaining lease term (years): Operating leases 8.74 8.82 Weighted average discount rate: Operating leases 8.69 % 8.64 % Supplemental cash flow information related to leases is as follows: Three months ended June 30, 2024 June 25, 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 6,215 $ 6,707 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 865 $ 2,996 ROU asset re-measurement (1,249) (626)
Schedule of future minimum lease payments	The approximate future minimum lease payments under operating leases were as follows: Remainder of fiscal year 2025 $ 18,502 Fiscal year 2026 22,938 Fiscal year 2027 20,431 Fiscal year 2028 18,394 Fiscal year 2029 16,508 Thereafter 72,908 Total lease payments 169,681 Less imputed interest (53,403) Present value of lease liabilities $ 116,278

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate derivatives	As of June 30, 2024, we had the following interest rate swaps outstanding: Notional Fair value Pay fixed Receive floating Maturity date Non-amortizing swap $ 50,000 $ 177 4.491% 5.331% Feb 2026 Non-amortizing swap 25,000 1 4.650% 5.328% Mar 2026
Schedule of derivative instruments in statement of financial position, fair value	The following tables summarize the fair value of our derivative instruments as well as the location of the asset and/or liability on the condensed consolidated balance sheets: Asset (Liability) derivatives Derivatives designated as cash flow hedging instruments Balance sheet location June 30, 2024 March 31, 2024 Interest rate swap contract Deferred charges and other non-current assets, net $ 178 $ 13 Foreign currency forward contracts Other current assets 312 — Foreign currency forward contracts Other current liabilities — (4) Total $ 490 $ 9
Derivative instruments, gain (loss)	The following tables summarize the net effect of all cash flow hedges for each of our derivative contracts on the condensed consolidated financial statements: Gain (loss) recognized in other comprehensive income Three months ended Derivatives designated as cash flow hedging instruments: June 30, 2024 June 25, 2023 Foreign currency forward contracts $ 330 $ (161) Lead forward contracts 379 146 Interest rate swap contracts 325 1,271 Total gain (loss) $ 1,034 $ 1,256 Gain (loss) reclassified from other comprehensive income into earnings Three months ended Derivatives designated as cash flow hedging instruments: Location June 30, 2024 June 25, 2023 Foreign currency forward contracts Cost of sales $ — $ (400) Foreign currency forward contracts Other income (expense), net 13 (679) Lead forward contracts Cost of sales 35 194 Interest rate swap contracts Interest expense, net 160 74 Total gain (loss) $ 208 $ (811)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	In computing EPS for the fiscal years presented, earnings, as reported for each respective period, is divided by the number of shares below: Three months ended June 30, 2024 June 25, 2023 Numerator: Net income $ 57,120 $ 58,100 Denominator: Weighted-average number of common shares outstanding, basic 58,312 57,455 Dilutive effect of stock-based awards (1) 329 1,086 Diluted shares 58,641 58,541 Earnings per common share: Basic $ 0.98 $ 1.01 Diluted $ 0.97 $ 0.99 (1) Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the common stock were 300 and 109, respectively.

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of accounts and other receivables	Net receivables are summarized as follows: June 30, 2024 March 31, 2024 Trade receivables $ 360,625 $ 357,672 Other receivables 14,846 17,585 Less: allowance for estimated credit losses and discounts (19,503) (19,354) Net receivables $ 355,968 $ 355,903
Schedule of reconciliation of changes in allowance for doubtful accounts	The following provides a reconciliation of the activity related to the allowance for estimated credit losses and discounts for the periods presented: Balance, March 31, 2024 $ 19,354 Provision for credit losses (249) Write-off of uncollectible amounts, net of recoveries 398 Balance, June 30, 2024 $ 19,503

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of classification of inventories	Net inventories consist of the following: June 30, 2024 March 31, 2024 Raw materials $ 189,882 $ 179,308 Work in process 57,584 57,093 Finished goods 372,065 373,598 Net inventories $ 619,531 $ 609,999

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (AOCL) (Tables)	3 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of components of accumulated OCI, net of income taxes	The components of net AOCL, including income taxes, are as follows: June 30, 2024 March 31, 2024 Derivatives $ 613 $ (15) Pension and other postretirement benefit liabilities (68,157) (68,722) Cumulative translation adjustment (5,860) (5,611) Total accumulated other comprehensive loss $ (73,404) $ (74,348)
Schedule of changes in accumulated other comprehensive loss	The following table details 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 June 30, 2024 June 25, 2023 Derivatives Pension and other Postretire-ment Benefits Cumulative translation adjustment Total Derivatives Pension and other Postretire-ment Benefits Cumulative translation adjustment Total Beginning of year AOCL $ (15) $ (68,722) $ (5,611) $ (74,348) $ (3,543) $ (71,449) $ (5,810) $ (80,802) Change in fair value of derivatives 1,034 — — 1,034 1,256 — — 1,256 Income tax impact on derivative instruments (198) — — (198) (493) — — (493) Net loss (gain) reclassified from AOCL (208) — — (208) 811 — — 811 Net actuarial losses reclassified from AOCL (1) — 565 — 565 — 562 — 562 Net change in cumulative translation adjustment — — (249) (249) — — 664 664 End of period net AOCL $ 613 $ (68,157) $ (5,860) $ (73,404) $ (1,969) $ (70,887) $ (5,146) $ (78,002) (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. See Note 15, Employee Benefit Plans

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of carrying amount of goodwill by operating segment	The carrying value of goodwill by reportable segment was as follows: The Kinetic Group Revelyst Outdoor Performance Revelyst Adventure Sports Revelyst Precision Sports Technology Total Balance, March 31, 2024 $ 86,105 $ — $ — $ 232,146 318,251 Balance, June 30, 2024 $ 86,105 $ — $ — $ 232,146 $ 318,251
Schedule of amortizing assets	Intangible assets by major asset class consisted of the following: June 30, 2024 March 31, 2024 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,636 $ (39,412) $ 74,224 $ 113,636 $ (37,646) $ 75,990 Patented technology 37,867 (20,029) 17,838 37,604 (19,252) 18,352 Customer relationships and other 522,999 (199,966) 323,033 523,059 (190,068) 332,991 Total 674,502 (259,407) 415,095 674,299 (246,966) 427,333 Non-amortizing trade names 198,229 — 198,229 200,303 — 200,303 Net intangible assets $ 872,731 $ (259,407) $ 613,324 $ 874,602 $ (246,966) $ 627,636
Schedule of expected future amortization expense	As of June 30, 2024, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2025 $ 37,504 Fiscal year 2026 47,001 Fiscal year 2027 45,551 Fiscal year 2028 40,381 Fiscal year 2029 33,897 Thereafter 210,761 Total $ 415,095

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Schedule of major categories of other current and long-term accrued liabilities	The major categories of current liabilities are as follows: June 30, 2024 March 31, 2024 Warranty liability $ 7,993 $ 8,083 Accrual for in-transit inventory 19,967 5,570 Operating lease liabilities 15,295 14,673 Contingent consideration 2,806 750 Other 101,536 100,276 Total other current liabilities $ 147,597 $ 129,352

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and related costs	The following tables summarize restructuring charges recorded as a result of our restructuring programs for the periods presented: Three months ended Incurred since GEAR Up restructuring costs June 30, 2024 June 25, 2023 inception Impairment on technology assets $ — $ — $ 306 Employee severance and related expenses 416 — 6,472 Professional fees 967 — 2,687 Right-of-use asset impairments 1,612 — 1,741 Long-lived asset impairments 95 — 95 Contract terminations 1,630 — 1,630 Other 470 — 538 Total $ 5,190 $ — $ 13,469
Schedule of restructuring reserve by type of cost	The tables below present a roll forward of our accruals or (deposits) related to GEAR Up, which are included in Accounts payable, Other current liabilities, or Other current assets: GEAR Up Balance as of March 31, 2024 Charges Payments Balance as of June 30, 2024 Employee severance and related expenses $ 5,399 $ 416 $ (3,564) $ 2,251 Professional fees (968) 967 (2,744) (2,745) Contract terminations — 1,630 (1,198) 432 Other 7 178 (185) — Total $ 4,438 $ 3,191 $ (7,691) $ (62)

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of long-term debt, including the current portion	June 30, 2024 March 31, 2024 2022 ABL Revolving Credit Facility $ 135,000 $ 220,000 Total Principal Amount of Credit Agreements 135,000 220,000 4.5% Senior Notes 500,000 500,000 Total Principal Amount of Long-Term Debt 635,000 720,000 Less: unamortized deferred financing costs (2,622) (2,762) Carrying amount of long-term debt 632,378 717,238 Less: current portion — — Carrying amount of long-term debt, excluding current portion $ 632,378 $ 717,238

Operating Segment Information (

Operating Segment Information (Tables)	3 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	The following table contains information used to evaluate our operating segments for the periods presented below: Three months ended June 30, 2024 The Kinetic Group Revelyst Outdoor Performance Revelyst Adventure Sports Revelyst Precision Sports Technology Reportable segment totals Corporate and other reconciling items (a) Total Sales, net $ 370,437 $ 89,509 $ 127,262 $ 56,973 $ 644,181 $ — $ 644,181 Gross profit 129,767 21,733 34,914 24,743 211,157 — 211,157 Operating income $ 104,396 $ (2,876) $ (6,200) $ 7,527 $ 102,847 $ (21,819) $ 81,028 Other expense, net (77) Interest expense, net (9,421) Income before income taxes $ 71,530 Depreciation and amortization $ 6,727 $ 5,339 $ 8,615 $ 2,677 $ 23,358 $ 334 $ 23,692 Three months ended June 25, 2023 The Kinetic Group (b) Revelyst Outdoor Performance (b) Revelyst Adventure Sports (b) Revelyst Precision Sports Technology Reportable segment totals Corporate and other reconciling items (a) Total Sales, net $ 376,593 $ 106,549 $ 144,359 $ 65,832 $ 693,333 $ — $ 693,333 Gross profit 131,903 25,826 42,684 26,344 226,757 — 226,757 Operating income $ 108,464 $ (1,487) $ (1,827) $ 9,838 $ 114,988 $ (22,802) $ 92,186 Other (expense) income, net (541) Interest expense, net (16,218) Income before income taxes $ 75,427 Depreciation and amortization $ 6,399 $ 5,854 $ 9,136 $ 2,588 $ 23,977 $ 950 $ 24,927 (a) includes corporate general and administrative expenses of $35,074 and $18,358 for the three months ended June 30, 2024 and June 25, 2023, respectively, plus other non-recurring costs that are not allocated to the segments in order to present comparable results as presented to the CODMs. Reconciling items during the three months ended June 30, 2024 included the gain on divestiture of the RCBS business of $(19,659), fixed asset impairment of $6,336 and post-acquisition compensation expense of $68 allocated from the segments. Reconciling items during the three months ended June 25, 2023 included post-acquisition compensation expense of $4,332 and contingent consideration fair value adjustment of $112. (b) During the fourth quarter of fiscal year 2024, we modified our reportable segments. Accordingly, prior comparative periods have been restated to conform to the change.

Significant Accounting Policies

Significant Accounting Policies (Details)	3 Months Ended
	Jun. 30, 2024 segment country
Accounting Policies [Abstract]
Number of reportable segments | segment	4
Number if countries in which entity operates (over) | country	100

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Narrative) (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Stone Glacier
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 2,806

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Mar. 31, 2024
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Payments made	$ (750)	$ (8,585)
Other current liabilities	2,806		$ 750
Fair Value, Inputs, Level 3 | Fair Value, Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	3,556
Payments made	(750)
Ending balance	2,806
Other current liabilities	2,806		750
Other long-term liabilities	0		2,806
Total	$ 2,806		$ 3,556

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Fair Value of Financial Instruments) (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2021
4.5% Senior Notes
Fair value of assets and liabilities
Face amount on debt instrument			$ 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 of assets and liabilities
Fixed rate debt	$ 500,000,000	$ 500,000,000
4.5% Senior Notes | Fair Value | Fair Value, Recurring
Fair value of assets and liabilities
Fixed rate debt	501,605,000	500,865,000
2022 ABL Revolving Credit Facility | Carrying Amount | Fair Value, Recurring
Fair value of assets and liabilities
Variable-rate debt	135,000,000	220,000,000
2022 ABL Revolving Credit Facility | Fair Value | Fair Value, Recurring
Fair value of assets and liabilities
Variable-rate debt	$ 135,000,000	$ 220,000,000

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2024 USD ($) renewal_option
Lessee, Lease, Description [Line Items]
Operating lease, impairment loss | $	$ 1,612
Minimum
Lessee, Lease, Description [Line Items]
Number of options to renew | renewal_option	1
Renewal term (in years)	5 years

Leases (Operating Lease Assets

Leases (Operating Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Leases [Abstract]
Operating lease assets	$ 101,427	$ 107,007
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Operating lease liabilities, current	$ 15,295	$ 14,673
Operating lease liabilities, long-term	100,983	105,699
Total lease liabilities	$ 116,278	$ 120,372

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Mar. 31, 2024
Leases [Abstract]
Fixed operating lease costs	$ 6,429	$ 7,101
Variable operating lease costs	1,247	1,210
Operating and sublease income	(160)	(192)
Net lease costs	$ 7,516	$ 8,119
Weighted average remaining lease term (years):
Operating leases, weighted average remaining lease term (in years)	8 years 8 months 26 days		8 years 9 months 25 days
Weighted average discount rate:
Operating leases, weighted average discount rate	8.69%		8.64%

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Leases [Abstract]
Remainder of fiscal year 2025	$ 18,502
Fiscal year 2026	22,938
Fiscal year 2027	20,431
Fiscal year 2028	18,394
Fiscal year 2029	16,508
Thereafter	72,908
Total lease payments	169,681
Less imputed interest	(53,403)
Present value of lease liabilities	$ 116,278	$ 120,372

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - operating leases	$ 6,215	$ 6,707
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	865	2,996
ROU asset re-measurement	$ (1,249)	$ (626)

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) $ in Thousands, lb in Millions	3 Months Ended
	Jun. 30, 2024 USD ($) lb	Jun. 25, 2023 USD ($)
Derivatives, Fair Value [Line Items]
Foreign currency translation (losses) gains	$ (79)	$ 239
Lead forward contracts
Derivatives, Fair Value [Line Items]
Derivative, notional amount, mass | lb	5
Foreign currency forward contracts | Cash Flow Hedging | Derivatives designated as cash flow hedging instruments
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 32,851
Foreign currency forward contracts | Minimum | Cash Flow Hedging | Derivatives designated as cash flow hedging instruments
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	12 months

Derivative Financial Instrume_4

Derivative Financial Instruments (Interest Rate Swaps) (Details)	Jun. 30, 2024 USD ($)
Interest Rate Swap, Maturing February 2026
Derivative [Line Items]
Notional	$ 50,000,000
Fair value	$ 177,000
Pay fixed	4.491%
Receive floating	5.331%
Interest Rate Swap, Maturing March 2026
Derivative [Line Items]
Notional	$ 25,000,000
Fair value	$ 1,000
Pay fixed	4.65%
Receive floating	5.328%

Derivative Financial Instrume_5

Derivative Financial Instruments (Fair Value by Balance Sheet Location) (Details) - Cash Flow Hedging - Derivatives designated as cash flow hedging instruments - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Derivatives, Fair Value [Line Items]
Total	$ 490	$ 9
Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Liability derivatives	0	(4)
Deferred charges and other non-current assets, net | Interest rate swap contracts
Derivatives, Fair Value [Line Items]
Asset derivatives	178	13
Other current assets | Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 312	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments (Quantitative Disclosures of Derivative Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	$ 1,034	$ 1,256
Gain (loss) reclassified from other comprehensive income into earnings	208	(811)
Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	330	(161)
Foreign currency forward contracts | Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	0	(400)
Foreign currency forward contracts | Other income (expense), net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	13	(679)
Lead forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	379	146
Lead forward contracts | Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	35	194
Interest rate swap contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	325	1,271
Interest rate swap contracts | Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	$ 160	$ 74

Revenue Recognition (Details)

Revenue Recognition (Details)	3 Months Ended
	Jun. 30, 2024
Minimum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms	30 days
Maximum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms	60 days

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Numerator:
Net income	$ 57,120	$ 58,100
Denominator:
Weighted-average number of common shares outstanding, basic (in shares)	58,312	57,455
Dilutive effect of stock-based awards (in shares)	329	1,086
Diluted EPS shares outstanding (in shares)	58,641	58,541
Earnings per common share:
Basic (in dollars per share)	$ 0.98	$ 1.01
Diluted (in dollars per share)	$ 0.97	$ 0.99
Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the common stock	300	109

Divestitures and Acquisitions (

Divestitures and Acquisitions (Narrative) (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2024 USD ($)
Fiber Energy Products
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Asset impairment related to divestitures	$ 6,336
RCBS Brand | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on divestiture	$ 19,659

Receivables (Components of Rece

Receivables (Components of Receivables) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Receivables [Abstract]
Trade receivables	$ 360,625	$ 357,672
Other receivables	14,846	17,585
Less: allowance for estimated credit losses and discounts	(19,503)	(19,354)
Net receivables	$ 355,968	$ 355,903

Receivables (Narrative) (Detail

Receivables (Narrative) (Details)	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Walmart | Accounts Receivable | Credit Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	14%	11%

Receivables (Reconciliation of

Receivables (Reconciliation of Allowance for Doubtful Accounts) (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2024 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, March 31, 2024	$ 19,354
Provision for credit losses	(249)
Write-off of uncollectible amounts, net of recoveries	398
Balance, June 30, 2024	$ 19,503

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 189,882	$ 179,308
Work in process	57,584	57,093
Finished goods	372,065	373,598
Net inventories	619,531	609,999
Noncurrent inventory	$ 38,943	$ 38,683

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (AOCL) (Components) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Equity [Abstract]
Derivatives	$ 613	$ (15)
Pension and other postretirement benefit liabilities	(68,157)	(68,722)
Cumulative translation adjustment	(5,860)	(5,611)
Total accumulated other comprehensive loss	$ (73,404)	$ (74,348)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (AOCL) (Changes in the Balance of AOCL) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,126,297
Change in fair value of derivatives	1,034	$ 1,256
Income tax impact on derivative instruments	(198)	(493)
Ending balance	1,186,259
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(74,348)	(80,802)
Ending balance	(73,404)	(78,002)
Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(15)	(3,543)
Change in fair value of derivatives	1,034	1,256
Income tax impact on derivative instruments	(198)	(493)
Net loss (gain) reclassified from AOCL	(208)	811
Ending balance	613	(1,969)
Pension and other Postretire-ment Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(68,722)	(71,449)
Net loss (gain) reclassified from AOCL	565	562
Ending balance	(68,157)	(70,887)
Cumulative translation adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(5,611)	(5,810)
Net change in cumulative translation adjustment	(249)	664
Ending balance	$ (5,860)	$ (5,146)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Goodwill by Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Goodwill [Line Items]
Goodwill	$ 318,251	$ 318,251
The Kinetic Group
Goodwill [Line Items]
Goodwill	86,105	86,105
Revelyst Outdoor Performance
Goodwill [Line Items]
Goodwill	0	0
Revelyst Adventure Sports
Goodwill [Line Items]
Goodwill	0	0
Revelyst Precision Sports Technology
Goodwill [Line Items]
Goodwill	$ 232,146	$ 232,146

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Schedule of Net Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 674,502	$ 674,299
Accumulated amortization	(259,407)	(246,966)
Total	415,095	427,333
Acquired Indefinite-lived Intangible Assets [Line Items]
Intangible assets, gross	872,731	874,602
Accumulated amortization	(259,407)	(246,966)
Net intangible assets	613,324	627,636
Trade Names [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Non-amortizing trade names	198,229	200,303
Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	113,636	113,636
Accumulated amortization	(39,412)	(37,646)
Total	74,224	75,990
Acquired Indefinite-lived Intangible Assets [Line Items]
Accumulated amortization	(39,412)	(37,646)
Patented technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	37,867	37,604
Accumulated amortization	(20,029)	(19,252)
Total	17,838	18,352
Acquired Indefinite-lived Intangible Assets [Line Items]
Accumulated amortization	(20,029)	(19,252)
Customer relationships and other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	522,999	523,059
Accumulated amortization	(199,966)	(190,068)
Total	323,033	332,991
Acquired Indefinite-lived Intangible Assets [Line Items]
Accumulated amortization	$ (199,966)	$ (190,068)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 12,483	$ 12,707

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal year 2025	$ 37,504
Fiscal year 2026	47,001
Fiscal year 2027	45,551
Fiscal year 2028	40,381
Fiscal year 2029	33,897
Thereafter	210,761
Total	$ 415,095	$ 427,333

Other Current Liabilities (Comp

Other Current Liabilities (Components of Current and Long-term Accrued Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Other Liabilities Disclosure [Abstract]
Warranty liability	$ 7,993	$ 8,083
Accrual for in-transit inventory	19,967	5,570
Operating lease liabilities	15,295	14,673
Contingent consideration	2,806	750
Other	101,536	100,276
Total other current liabilities	$ 147,597	$ 129,352

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2024 USD ($) segment	Mar. 31, 2024 segment
Restructuring Cost and Reserve [Line Items]
Number of reportable segments | segment	4
Revelyst
Restructuring Cost and Reserve [Line Items]
Number of reportable segments | segment		3
GEAR Up restructuring costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,191
Minimum | GEAR Up restructuring costs
Restructuring Cost and Reserve [Line Items]
Estimated pre-tax restructuring charges	40,000
Maximum | GEAR Up restructuring costs
Restructuring Cost and Reserve [Line Items]
Estimated pre-tax restructuring charges	$ 50,000

Restructuring (Restructuring Ch

Restructuring (Restructuring Charges) (Details) - GEAR Up restructuring costs - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 5,190	$ 0	$ 13,469
Impairment on technology assets
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	0	306
Employee severance and related expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	416	0	6,472
Professional fees
Restructuring Cost and Reserve [Line Items]
Restructuring costs	967	0	2,687
Right-of-use asset impairments
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1,612	0	1,741
Long-lived asset impairments
Restructuring Cost and Reserve [Line Items]
Restructuring costs	95	0	95
Contract terminations
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1,630	0	1,630
Other
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 470	$ 0	$ 538

Restructuring (Accrual Rollforw

Restructuring (Accrual Rollforward) (Details) - GEAR Up restructuring costs $ in Thousands	3 Months Ended
	Jun. 30, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 4,438
Charges	3,191
Payments	(7,691)
Ending balance	62
Employee severance and related expenses
Restructuring Reserve [Roll Forward]
Beginning balance	5,399
Charges	416
Payments	(3,564)
Ending balance	2,251
Professional fees
Restructuring Reserve [Roll Forward]
Beginning balance	(968)
Charges	967
Payments	(2,744)
Ending balance	2,745
Contract terminations
Restructuring Reserve [Roll Forward]
Beginning balance	0
Charges	1,630
Payments	(1,198)
Ending balance	432
Other
Restructuring Reserve [Roll Forward]
Beginning balance	7
Charges	178
Payments	(185)
Ending balance	$ 0

Long-term Debt (Components of L

Long-term Debt (Components of Long-term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Long-term debt, gross	$ 635,000	$ 720,000
Less: unamortized deferred financing costs related to term loans	(2,622)	(2,762)
Long-term debt	632,378	717,238
Less: current portion	0	0
Carrying amount of long-term debt, excluding current portion	632,378	717,238
Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 135,000	220,000
4.5% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)	4.50%
Long-term debt, gross	$ 500,000	500,000
Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 135,000	$ 220,000

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Mar. 31, 2023	Mar. 31, 2021	Mar. 31, 2024
Debt Instrument [Line Items]
Long-term debt, gross	$ 635,000,000				$ 720,000,000
Letters of credit outstanding, amount	13,956,000
Interest paid	3,435,000	$ 9,814,000
Guarantors
Debt Instrument [Line Items]
Number of subsidiaries owned (as a percent)			100%
Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 135,000,000				220,000,000
Annual commitment fee on the unused portion (as a percent)	0.175%
4.5% Senior Notes
Debt Instrument [Line Items]
Debt instrument, interest rate (as a percent)				4.50%
Debt issuance costs				$ 4,491,000
Amortization of debt issuance costs, period (in years)				8 years
Guarantor obligations, maximum exposure, undiscounted			$ 75,000,000
4.5% Senior Notes
Debt Instrument [Line Items]
Face amount on debt instrument				$ 500,000,000
4.5% Senior Notes | Carrying Amount | Fair Value, Recurring
Debt Instrument [Line Items]
Fixed rate debt	$ 500,000,000				500,000,000
4.5% Senior Notes | Fair Value, Inputs, Level 2 | Carrying Amount | Fair Value, Recurring
Debt Instrument [Line Items]
Fixed rate debt				$ 500,000,000
4.5% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000,000				500,000,000
Debt instrument, interest rate (as a percent)	4.50%
Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Face amount on debt instrument			600,000,000
Long-term debt, gross	$ 135,000,000				$ 220,000,000
Restricted payment limit	57,000,000		$ 57,000,000
Line of credit facility, remaining borrowing capacity	271,256,000
Debt issuance costs	$ 11,310,000
Debt instrument, covenant, minimum threshold line of capacity (as a percent)			10%
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
Secured Debt | 2022 Term Loan - Senior secured asset-based term loan facility | Senior Loans
Debt Instrument [Line Items]
Face amount on debt instrument			$ 350,000,000
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	6.49%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	0.50%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)
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]
Debt instrument, basis spread on variable rate (as a percent)			0.25%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (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]
Debt instrument, basis spread on variable rate (as a percent)			0.75%
Non-First-in, Last-out, Revolving Credit Facility | 2022 ABL Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)			1.75%
Non-First-in, Last-out, Revolving Credit Facility | 2022 Term Loan - Senior secured asset-based term loan facility | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	1.50%

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Aggregate net loss for employee defined benefit plans	$ 415	$ 237
Expected future employer contributions during fiscal year 2025	800
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contributions by employer	$ 3,500	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023	Mar. 31, 2024
Income Tax Contingency [Line Items]
Effective Income Tax Rate Reconciliation, Percent	20.10%	23%
Income tax (refund) payments, net	$ (513)	$ 251
Period after which tax positions classified as noncurrent income tax liabilities	1 year
Unrecognized tax benefit	$ 26,364		$ 24,853
Amount of reasonably possible decrease in uncertain tax benefits	857
Minimum
Income Tax Contingency [Line Items]
Amount that would affect the effective tax rate if recognized	0
Maximum
Income Tax Contingency [Line Items]
Amount that would affect the effective tax rate if recognized	$ 683

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments for minimum lease payments under non-cancelable operating leases	$ 169,681
Liability for environmental remediation	$ 505	$ 280

Operating Segment Information_2

Operating Segment Information (Narrative) (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2024 USD ($) segment	Mar. 31, 2024 segment	Jun. 25, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments	4
Number of reportable segments	4
Sales, net | $	$ 644,181		$ 693,333
Revelyst
Segment Reporting Information [Line Items]
Number of reportable segments		3
Foreign customers | Sales Revenue, Net | Geographic Concentration
Segment Reporting Information [Line Items]
Sales, net | $	$ 105,607		$ 120,831
Foreign customers | Sales Revenue, Net | Geographic Concentration | The Kinetic Group
Segment Reporting Information [Line Items]
Sales to external customers, percent	31%
Foreign customers | Sales Revenue, Net | Geographic Concentration | Revelyst Outdoor Performance
Segment Reporting Information [Line Items]
Sales to external customers, percent	10%
Foreign customers | Sales Revenue, Net | Geographic Concentration | Revelyst Adventure Sports
Segment Reporting Information [Line Items]
Sales to external customers, percent	48%
Foreign customers | Sales Revenue, Net | Geographic Concentration | Revelyst Precision Sports Technology
Segment Reporting Information [Line Items]
Sales to external customers, percent	11%

Operating Segment Information_3

Operating Segment Information (Schedule of Results by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Jun. 25, 2023
Segment Reporting Information [Line Items]
Sales, net	$ 644,181	$ 693,333
Gross profit	211,157	226,757
Operating income	81,028	92,186
Other (expense) income, net	(77)	(541)
Interest expense, net	(9,421)	(16,218)
Income before income taxes	71,530	75,427
Depreciation and amortization	23,692	24,927
Gain on divestiture	(19,659)	0
Operating Segments
Segment Reporting Information [Line Items]
Sales, net	644,181	693,333
Gross profit	211,157	226,757
Operating income	102,847	114,988
Depreciation and amortization	23,358	23,977
Operating Segments | The Kinetic Group
Segment Reporting Information [Line Items]
Sales, net	370,437	376,593
Gross profit	129,767	131,903
Operating income	104,396	108,464
Depreciation and amortization	6,727	6,399
Operating Segments | Revelyst Outdoor Performance
Segment Reporting Information [Line Items]
Sales, net	89,509	106,549
Gross profit	21,733	25,826
Operating income	(2,876)	(1,487)
Depreciation and amortization	5,339	5,854
Operating Segments | Revelyst Adventure Sports
Segment Reporting Information [Line Items]
Sales, net	127,262	144,359
Gross profit	34,914	42,684
Operating income	(6,200)	(1,827)
Depreciation and amortization	8,615	9,136
Operating Segments | Revelyst Precision Sports Technology
Segment Reporting Information [Line Items]
Sales, net	56,973	65,832
Gross profit	24,743	26,344
Operating income	7,527	9,838
Depreciation and amortization	2,677	2,588
Corporate and Other Reconciling Items
Segment Reporting Information [Line Items]
Sales, net	0	0
Gross profit	0	0
Operating income	(21,819)	(22,802)
Depreciation and amortization	334	950
General and administrative expense	35,074	18,358
Gain on divestiture	(19,659)
Asset impairment related to divestitures	6,336
Business combination, separately recognized transactions, post combination compensation expense	$ 68	4,332
Business combination, contingent consideration fair value adjustment		$ 112