American Outdoor Brands (AOUT) 10-Q 1 Dec 22 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2022	Nov. 28, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	American Outdoor Brands, Inc.
Entity Central Index Key	0001808997
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity File Number	001-39366
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-4630928
Entity Address, Address Line One	1800 North Route Z
Entity Address, Address Line Two	Suite A
Entity Address, City or Town	Columbia
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	65202
City Area Code	800
Local Phone Number	338-9585
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding		13,329,874
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	AOUT
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 16,355	$ 19,521
Accounts receivable, net of allowance for credit losses of $146 on October 31, 2022 and $129 on April 30, 2022	32,557	28,879
Inventories	111,444	121,683
Prepaid expenses and other current assets	11,292	8,491
Income tax receivable	1,286	1,231
Total current assets	172,934	179,805
Property, plant, and equipment, net	10,168	10,621
Intangible assets, net	58,067	63,194
Right-of-use assets	24,975	23,884
Other assets	328	336
Total assets	266,472	277,840
Current liabilities:
Accounts payable	8,765	13,563
Accrued expenses	10,869	7,853
Accrued payroll, incentives, and profit sharing	2,593	3,786
Lease liabilities, current	1,342	1,803
Total current liabilities	23,569	27,005
Notes and loans payable	19,575	24,697
Lease liabilities, net of current portion	24,520	23,076
Other non-current liabilities	31	31
Total liabilities	67,695	74,809
Commitments and contingencies (Note 12)
Equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,353,170 shares issued and 13,432,177 shares outstanding on October 31, 2022 and 14,240,290 shares issued and 19,403,326 outstanding on April 30, 2022	14	14
Additional paid in capital	270,220	268,393
Retained deficit	(55,676)	(50,351)
Treasury stock, at cost (920,993 shares on October 31, 2022 and 836,964 shares on April 30, 2022)	(15,781)	(15,025)
Total equity	198,777	203,031
Total liabilities and equity	$ 266,472	$ 277,840

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 146	$ 129
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, Issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, Issued	14,353,170	14,240,290
Common stock, outstanding	13,432,177	13,403,326
Treasury stock, shares	920,993	836,964

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Income Statement [Abstract]
Net sales	$ 54,436,000	$ 70,760,000	$ 98,112,000	$ 131,528,000
Cost of sales	28,474,000	37,723,000	53,111,000	69,508,000
Gross profit	25,962,000	33,037,000	45,001,000	62,020,000
Operating expenses:
Research and development	1,557,000	1,457,000	3,313,000	2,977,000
Selling, marketing, and distribution	13,924,000	15,664,000	25,704,000	28,864,000
General and administrative	10,615,000	10,615,000	21,679,000	20,654,000
Total operating expenses	26,096,000	27,736,000	50,696,000	52,495,000
Operating (loss)/income	(134,000)	5,301,000	(5,695,000)	9,525,000
Other income, net:
Other income, net	585,000	619,000	826,000	747,000
Interest expense, net	(242,000)	(53,000)	(428,000)	(99,000)
Total other income, net	343,000	566,000	398,000	648,000
Income/(loss) from operations before income taxes	209,000	5,867,000	(5,297,000)	10,173,000
Income tax (benefit)/expense	(161,000)	1,284,000	28,000	2,133,000
Net income/(loss)	$ 370,000	$ 4,583,000	$ (5,325,000)	$ 8,040,000
Net income/(loss) per share:
Basic	$ 0.03	$ 0.32	$ (0.40)	$ 0.57
Diluted	$ 0.03	$ 0.32	$ (0.40)	$ 0.56
Weighted average number of common shares outstanding:
Basic	13,465	14,135	13,454	14,109
Diluted	13,589	14,348	13,454	14,369

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock
Balance at Apr. 30, 2021	$ 279,905,000	$ 14,000	$ 265,362,000	$ 14,529,000
Balance, shares at Apr. 30, 2021		14,059,000
Net income (loss)	8,040,000			8,040,000
Stock-based compensation	1,416,000		1,416,000
Shares issued under employee stock purchase plan	408,000		408,000
Shares issued under employee stock purchase plan, shares		35,000
Proceeds from exercise of stock options	5,000		5,000
Proceeds from exercise of stock options, shares		3,000
Issuance of common stock under restricted stock unit awards, net of tax	(505,000)		(505,000)
Issuance of common stock under restricted stock unit awards, net of tax, shares		86,000
Balance at Oct. 31, 2021	289,269,000	$ 14,000	266,686,000	22,569,000
Balance, shares at Oct. 31, 2021		14,183,000
Balance at Jul. 31, 2021	283,807,000	$ 14,000	265,807,000	17,986,000
Balance, shares at Jul. 31, 2021		14,100,000
Net income (loss)	4,583,000			4,583,000
Stock-based compensation	664,000		664,000
Shares issued under employee stock purchase plan	408,000		408,000
Shares issued under employee stock purchase plan, shares		35,000
Issuance of common stock under restricted stock unit awards, net of tax	(193,000)		(193,000)
Issuance of common stock under restricted stock unit awards, net of tax, shares		48,000
Balance at Oct. 31, 2021	289,269,000	$ 14,000	266,686,000	22,569,000
Balance, shares at Oct. 31, 2021		14,183,000
Balance at Apr. 30, 2022	$ 203,031,000	$ 14,000	268,393,000	(50,351,000)	$ (15,025,000)
Balance, shares at Apr. 30, 2022	13,403,326	14,240,000			837,000
Net income (loss)	$ (5,325,000)			(5,325,000)
Stock-based compensation	1,835,000		1,835,000
Shares issued under employee stock purchase plan	287,000		287,000
Shares issued under employee stock purchase plan, shares		39,000
Issuance of common stock under restricted stock unit awards, net of tax	(295,000)		(295,000)
Issuance of common stock under restricted stock unit awards, net of tax, shares		74,000
Repurchase of treasury stock	(756,000)				$ (756,000)
Repurchase of treasury stock, shares					84,000
Balance at Oct. 31, 2022	$ 198,777,000	$ 14,000	270,220,000	(55,676,000)	$ (15,781,000)
Balance, shares at Oct. 31, 2022	13,432,177	14,353,000			921,000
Balance at Jul. 31, 2022	$ 197,798,000	$ 14,000	268,855,000	(56,046,000)	$ (15,025,000)
Balance, shares at Jul. 31, 2022		14,292,000			837,000
Net income (loss)	370,000			370,000
Stock-based compensation	1,121,000		1,121,000
Shares issued under employee stock purchase plan	287,000		287,000
Shares issued under employee stock purchase plan, shares		39,000
Issuance of common stock under restricted stock unit awards, net of tax	(43,000)		(43,000)
Issuance of common stock under restricted stock unit awards, net of tax, shares		22,000
Repurchase of treasury stock	(756,000)				$ (756,000)
Repurchase of treasury stock, shares					84,000
Balance at Oct. 31, 2022	$ 198,777,000	$ 14,000	$ 270,220,000	$ (55,676,000)	$ (15,781,000)
Balance, shares at Oct. 31, 2022	13,432,177	14,353,000			921,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Cash flows from operating activities:
Net (loss)/income	$ (5,325)	$ 8,040
Adjustments to reconcile net income to net cash provided by/ (used in) operating activities:
Depreciation and amortization	8,272	8,386
(Gain)/loss on sale/disposition of assets	(5)	127
Provision for credit losses on accounts receivable	16	38
Deferred income taxes		(403)
Stock-based compensation expense	1,835	1,416
Changes in operating assets and liabilities:
Accounts receivable	(3,694)	(12,195)
Inventories	10,239	(30,677)
Prepaid expenses and other current assets	(2,781)	(4,093)
Income taxes	(55)	28
Accounts payable	(4,058)	3,632
Accrued payroll, incentives, and profit sharing	(1,193)	(3,977)
Right of use assets	868	812
Accrued expenses	3,016	4,637
Other assets	8	23
Lease liabilities	(976)	(891)
Other non-current liabilities		(177)
Net cash provided by/(used in) operating activities	6,167	(25,274)
Cash flows from investing activities:
Payments to acquire patents and software	(2,495)	(1,124)
Payments to acquire property and equipment	(816)	(1,708)
Net cash used in investing activities	(3,311)	(2,832)
Cash flows from financing activities:
Payments on notes and loans payable	(5,170)
Payments to acquire treasury stock	(756)
Cash paid for debt issuance costs	(88)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan	287	413
Payment of employee withholding tax related to restricted stock units	(295)	(505)
Net cash used in financing activities	(6,022)	(92)
Net decrease in cash and cash equivalents	(3,166)	(28,198)
Cash and cash equivalents, beginning of period	19,521	60,801
Cash and cash equivalents, end of period	16,355	32,603
Supplemental disclosure of cash flow information Cash paid for:
Interest	393	76
Income taxes	$ 86	$ 2,500

Organization

Organization	6 Months Ended
	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	(1) Organization: We (our “company,” “we,” “us,” or “our”) are a leading provider of outdoor lifestyle products and shooting sports accessories encompassing hunting, fishing, outdoor cooking, camping, shooting, and personal security and defense products for rugged outdoor enthusiasts. We conceive, design, source, and sell our outdoor lifestyle products, including premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products. We conceive, design, produce or source, and sell our shooting sports accessories, such as rests, vaults, and other related accessories; electro-optical devices, including hunting optics, firearm aiming devices, flashlights, and laser grips; and reloading, gunsmithing, and firearm cleaning supplies. We develop and market our products at our facility in Columbia, Missouri and contract for the manufacture and assembly of most of our products with third-parties located in Asia. We also manufacture some of our electro-optics products at our facilities in Columbia, Missouri and Wilsonville, Oregon. We focus on our brands and the establishment of product categories in which we believe our brands will resonate strongly with the activities and passions of consumers and enable us to capture an increasing share of our overall addressable markets. Our owned brands include BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT! Your Maker, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler, and we license for use in association with certain products we sell additional brands, including M&P, Smith & Wesson, Performance Center by Smith & Wesson, and T/C. In focusing on the growth of our brands, we organize our creative, product development, sourcing, and e-commerce teams into four brand lanes, each of which focuses on one of four distinct consumer verticals – Adventurer, Harvester, Marksman, and Defender – with each of our brands included in one of the brand lanes. • Our Adventurer brands include products that help enhance consumers’ fishing, camping, and outdoor cooking experiences. • Our Harvester brands focus on the activities hunters typically engage in, including the activities to prepare for the hunt, the hunt itself, and the activities that follow a hunt, such as meat processing. • Our Marksman brands address product needs arising from consumer activities that take place primarily at the shooting range and where firearms are cleaned, maintained, and worked on. • Our Defender brands include products that help consumers aim their firearms more accurately, including situations that require self-defense, and products that help safely secure and store, as well as maintain connectivity to those possessions that many consumers consider to be high value or high consequence.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	(2) Basis of Presentation: Interim Financial Information Our unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of the Securities and Exchange Commission, or SEC, for interim reporting. As permitted under those rules, certain disclosures and other financial information that normally are required by accounting principles generally accepted in the United States have been condensed or omitted. Our accounting policies are described in the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for our fiscal year ended April 30, 2022. We are responsible for the condensed consolidated financial statements included in this report, which are unaudited but, in our opinion, include all adjustments necessary for a fair presentation of our condensed consolidated balance sheet as of October 31, 2022, our condensed consolidated statement of operations for the three and six months ended October 31, 2022 and 2021, and our condensed consolidated statement of cash flows for the six months ended October 31, 2022 and 2021. The consolidated balance sheet as of April 30, 2022 was derived from audited financial statements. The results reported in these condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire fiscal year. Reclassification Certain immaterial reclassifications were made to the accompanying condensed consolidated statement of cash flows for the six months ended October 31, 2021 to reclassify payments to acquire property and equipment, to payments to acquire patents and software; however, the total amount of net cash used in investing activities remained unchanged. This reclassification had no impact on the previously reported net income. Insurance Reserves During the three months ended October 31, 2022, we transitioned to self-insured group health insurance programs. Prior to this transition, we had fully guaranteed cost group health insurance programs. We are now self-insured through retentions or deductibles with stop-loss insurance for medical claims that reach a certain limit per claim. We record our liability for estimated incurred losses based on historical claim data in the accompanying consolidated financial statements on an undiscounted basis. Revenue Recognition We recognize revenue for the sale of our products at the point in time when the control of ownership has transferred to the customer. The transfer of control typically occurs at a point in time based on consideration of when the customer has (i) a payment obligation, (ii) physical possession of goods has been received, (iii) legal title to goods has passed, (iv) risks and rewards of ownership of goods has passed to the customer, and (v) the customer has accepted the goods. The timing of revenue recognition occurs either on shipment or delivery of goods based on contractual terms with the customer. The duration of contractual arrangements with customers in our wholesale channels is typically less than one year. Payment terms with customers are typically between 20 and 90 days , with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year. We have elected to treat all shipping and handling activities as fulfillment costs and recognize the costs as distribution expenses at the time we recognize the related revenue. Shipping and handling costs billed to customers are included in net sales. The amount of revenue we recognize reflects the expected consideration to be received for providing the goods or services to customers, which includes estimates for variable consideration. Variable consideration includes allowances for trade term discounts, chargebacks, and product returns. Estimates of variable consideration are determined at contract inception and reassessed at each reporting date, at a minimum, to reflect any changes in facts and circumstances. We apply the portfolio approach as a practical expedient and utilize the expected value method in determining estimates of variable consideration, based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. We have co-op advertising program expense, which we record within advertising expense, in recognition of a distinct service that we receive from our customers at the retail level. Disaggregation of Revenue The following table sets forth certain information regarding trade channel net sales for the three months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change e-commerce channels $ 22,713 $ 27,535 $ ( 4,822 ) - 17.5 % Traditional channels 31,723 43,225 ( 11,502 ) - 26.6 % Total net sales $ 54,436 $ 70,760 $ ( 16,324 ) - 23.1 % Our e-commerce channels include net sales from customers that do not traditionally operate a physical brick and mortar store, but generate the majority of their revenue from consumer purchases at their retail websites. Our e-commerce channels also include our direct-to-consumer sales. Our traditional channels include customers that primarily operate out of physical brick and mortar stores and generate the large majority of their revenue from consumer purchases at their brick and mortar locations. We sell our products worldwide. The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the three months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change Domestic net sales $ 52,106 $ 67,458 $ ( 15,352 ) - 22.8 % International net sales 2,330 3,302 ( 972 ) - 29.4 % Total net sales $ 54,436 $ 70,760 $ ( 16,324 ) - 23.1 % The following table sets forth certain information regarding trade channel net sales for the six months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change e-commerce channels $ 43,257 $ 44,143 $ ( 886 ) - 2.0 % Traditional channels 54,855 87,385 ( 32,530 ) - 37.2 % Total net sales $ 98,112 $ 131,528 $ ( 33,416 ) - 25.4 % The following table sets forth certain information regarding geographic makeup of net sales in the above table for the six months ended October 31, 2022 and 2020 (dollars in thousands): 2022 2021 $ Change % Change Domestic net sales $ 92,382 $ 123,988 $ ( 31,606 ) - 25.5 % International net sales 5,730 7,540 ( 1,810 ) - 24.0 % Total net sales $ 98,112 $ 131,528 $ ( 33,416 ) - 25.4 % Recently Adopted Accounting Standards In March 2020, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, or ASU 2020-04, to provide temporary optional expedients and exceptions to the contract modifications, hedge relationships, and other transactions affected by reference rate reform if certain criteria are met. ASU 2020-04, which was effective upon issuance and may be applied through December 31, 2022, is applicable to all contracts and hedging relationships that reference the London Interbank Offered Rate (LIBOR) or any other reference rate expected to be discontinued. As a result of the amendment to the revolving line of credit agreement in fiscal year 2022, which uses SOFR as an interest rate option instead of LIBOR to calculate the applicable interest rate, see Note 8 - Debt, the new guidance will not have a material impact on our condensed consolidated financial statements and related disclosures. In December 2019, FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, or ASU 2019-12, an amendment of the FASB Accounting Standards Codification. ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions for intraperiod tax allocations and deferred tax liabilities for equity method investments and adds guidance regarding whether a step-up in tax basis of goodwill relates to a business combination or a separate transaction. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. We adopted ASU 2019-12 on May 1, 2021 , and the cumulative effect of the adoption was no t material to our condensed consolidated financial statements and related disclosures.

Acquisitions

Acquisitions	6 Months Ended
	Oct. 31, 2022
Business Combinations [Abstract]
Acquisitions	(3) Acquisitions: Grilla Grills Acquisition In fiscal 2022, we acquired substantially all of the assets of the Grilla Grills business of Fahrenheit Technologies, Inc., or FTI, for $ 27 million, financed using a combination of existing cash balances and cash from a $ 25 million draw on our revolving line of credit. Based in Michigan, Grilla Grills is a provider of high-quality, barbecue grills; Wi-Fi-enabled wood pellet grills; smokers; accessories; and modular outdoor kitchens. We accounted for the acquisition as a business combination using the acquisition method of accounting. The purchase price allocation below was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The excess of the consideration transferred over the estimated fair value of the net assets received has been recorded as goodwill. The factors that contributed to the recognition of goodwill primarily relate to acquisition-driven anticipated cost savings and synergies. Assembled workforce is not recognized separate and apart from goodwill as it is neither separable nor contractual in nature. During the year ended April 30, 2022, we increased goodwill by $ 3.5 million as a result of valuations related to the Grilla Grills acquisition, which was subsequently written off as we recorded a full impairment of our goodwill on April 30, 2022. The goodwill related to the Grilla Grills acquisition is deductible for tax purposes. The valuation of the assets acquired, and liabilities assumed in the Grilla Grills acquisition is complete. The following table summarizes the preliminary allocation of the purchase price for the Grilla Grills acquisition (in thousands): Grilla Grills Acquisition Inventories $ 5,956 Property, plant, and equipment 105 Intangibles 18,495 Goodwill 3,534 Total assets acquired 28,090 Accounts payable 894 Accrued expenses 46 Accrued warranty 150 Total liabilities assumed 1,090 $ 27,000 We recorded $ 646,000 of acquisition-related costs, including $ 47,000 of acquisition-related costs incurred in the six months ended October 31, 2022, which are recorded in general and administrative expenses. The Grilla Grills acquisition generat ed $ 2.6 m illion and $ 7.8 million of net sales during the three and six months ended October 31, 2022, respectively. We determined the fair market value of the intangible assets acquired in accordance with ASC 805 - Business Combinations and ASC 820 - Fair Value Measurement and assigned a fair market value of $ 18.5 million to tradenames at the acquisition date. We amortize assets in proportion to expected yearly revenue generated from the intangibles that we acquire. The weighted average life of tradenames acquired is 6.5 years. Additionally, the following table reflects the unaudited pro forma results of operations assuming that the Grilla Grills acquisition had occurred on May 1, 2021 (in thousands, except per share data): For the Three Months For the Six Months Net sales $ 73,740 $ 138,932 Income from operations 5,421 9,660 Net income per share - diluted 0.33 0.57 The unaudited pro forma income from operations for the three and six months ended October 31, 2021 has been adjusted to reflect increased cost of goods sold from the fair value step-up in inventory, which is expensed over the first inventory cycle, and the amortization of intangibles as if the Grilla Grills acquisition had occurred on May 1, 2021. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the actual results that would have been achieved had the Grilla Grills acquisition occurred as of May 1, 2021 or the results that may be achieved in future periods.

Leases

Leases	6 Months Ended
	Oct. 31, 2022
Leases [Abstract]
Leases	(4) Leases: We lease real estate, as well as other equipment, under non-cancelable operating lease agreements. We recognize expenses under our operating lease assets and liabilities at the commencement date based on the present value of lease payments over the lease terms. Our leases do not provide an implicit interest rate. We use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. Our lease agreements do not require material variable lease payments, residual value guarantees, or restrictive covenants. For operating leases, we recognize expense on a straight-line basis over the lease term. We record tenant improvement allowances as an offsetting adjustment included in our calculation of the respective right-of-use asset. Many of our leases include renewal options that can extend the lease term. These renewal options are at our sole discretion and are reflected in the lease term when they are reasonably certain to be exercised. 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 as of October 31, 2022 are as follows (in thousands): October 31, 2022 April 30, 2022 Operating Leases Right-of-use assets $ 29,422 $ 27,475 Accumulated amortization ( 4,447 ) ( 3,591 ) Right-of-use assets, net $ 24,975 $ 23,884 Lease liabilities, current portion $ 1,342 $ 1,803 Lease liabilities, net of current portion 24,520 23,076 Total operating lease liabilities $ 25,862 $ 24,879 For the three and six months ended October 31, 2022, we recorded $ 1.1 million and $ 2.1 million, respectively, of operating lease costs, of which $ 41,000 and $ 88,000 , respectively, were short-term operating lease costs. For the three and six months ended October 31, 2021, we recorded $ 920,000 and $ 1.8 million, respectively, of operating lease costs, of which $ 49,000 and $ 100,000 , respectively, were short-term operating lease costs. As of October 31, 2022, our weighted average lease term and weighted average discount rate for our operating leases were 15.9 years and 5.4 %, respectively. The operating lease costs, weighted average lease term, and weighted average discount rate, are primarily driven by the sublease of our corporate office and warehouse facility in Columbia, Missouri through fiscal 2039. The depreciable lives of right-of-use assets are limited by the lease term and are amortized on a straight-line basis over the life of the lease. During the six months ended October 31, 2022, we amended the existing operating lease for our corporate office and warehouse facility in Columbia, Missouri to expand our usable square footage in our warehouse. The term of the lease remains unchanged, through fiscal 2039. During the six months ended October 31, 2022, we recorded a right-of-use asset and lease liability of $ 1.9 million. Future lease payments for all our operating leases for the remainder of fiscal 2023 and for succeeding fiscal years, as of October 31, 2022, are as follows (in thousands): Operating 2023 $ 1,566 2024 2,221 2025 2,228 2026 2,177 2027 2,207 2028 2,238 Thereafter 26,426 Total future lease payments 39,063 Less amounts representing interest ( 13,201 ) Present value of lease payments 25,862 Less current maturities of lease liabilities ( 1,342 ) Long-term maturities of lease liabilities $ 24,520 The cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $ 976,000 and $ 891,000 for the six months ended October 31, 2022 and 2021, respectively.

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Oct. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets, Net	(5) Intangible Assets, net: The following table summarizes intangible assets as of October 31, 2022 and April 30, 2022 (in thousands): October 31, 2022 April 30, 2022 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 89,980 $ ( 70,995 ) $ 18,985 $ 89,980 $ ( 67,955 ) $ 22,025 Developed software and technology 30,383 ( 20,611 ) 9,772 25,812 ( 19,395 ) 6,417 Patents, trademarks, and trade names 68,771 ( 41,536 ) 27,235 68,663 ( 39,030 ) 29,633 189,134 ( 133,142 ) 55,992 184,455 ( 126,380 ) 58,075 Patents and software in development 1,645 — 1,645 4,689 — 4,689 Total definite-lived intangible assets 190,779 ( 133,142 ) 57,637 189,144 ( 126,380 ) 62,764 Indefinite-lived intangible assets 430 — 430 430 — 430 Total intangible assets $ 191,209 $ ( 133,142 ) $ 58,067 $ 189,574 $ ( 126,380 ) $ 63,194 We amortize intangible assets with determinable lives over a weighted-average period of approximately five years . The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, five years for developed software and technology, and six years for patents, trademarks, and trade names. Amortization expense amounted to $ 3.3 million and $ 3.5 million for the three months ended October 31, 2022 and 2021, respectively. Amortization expenses amounted to $ 6.8 million and $ 7.0 million for the six months ended October 31, 2022 and 2021, respectively. Future expected amortization expense for the remainder of fiscal 2023 and for succeeding fiscal years, as of October 31, 2022, are as follows (in thousands): Fiscal Amount 2023 $ 6,755 2024 12,968 2025 9,252 2026 7,961 2027 5,636 2028 4,352 Thereafter 9,068 Total $ 55,992

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Oct. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement	(6) Fair Value Measurement: We follow the provisions of ASC 820-10, Fair Value Measurements and Disclosures Topic , or ASC 820-10, for our financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value under GAAP and requires expanded disclosures regarding fair value measurements. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value. Financial assets and liabilities recorded on the accompanying condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: Level 1 — Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access at the measurement date (examples include active exchange-traded equity securities, listed derivatives, and most U.S. Government and agency securities). Our cash and cash equivalents, which are measured at fair value on a recurring basis, totaled $ 16.4 million as of October 31, 2022 and $ 19.5 million as of April 30, 2022. Cash and cash equivalents are reported at fair value based on market prices for identical assets in active markets, and therefore classified as Level 1 of the value hierarchy. Level 2 — Financial assets and liabilities whose values are based on quoted prices in markets in which trading occurs infrequently or whose values are based on quoted prices of instruments with similar attributes in active markets. Level 2 inputs include the following: • quoted prices for identical or similar assets or liabilities in non-active markets (such as corporate and municipal bonds which trade infrequently); • inputs other than quoted prices that are observable for substantially the full term of the asset or liability (such as interest rate and currency swaps); and • inputs that are derived principally from or corroborated by observable market data for substantially the full term of the asset or liability (such as certain securities and derivatives). The carrying value of our revolving line of credit approximated the fair value, as of October 31, 2022, in considering Level 2 inputs within the hierarchy. Level 3 — Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect our assumptions about the assumptions a market participant would use in pricing the asset or liability. We currently do no t have any Level 3 financial assets or liabilities as of October 31, 2022.

Inventories

Inventories	6 Months Ended
	Oct. 31, 2022
Inventory Disclosure [Abstract]
Inventories	(7) Inventories: The following table sets forth a summary of inventories, stated at lower of cost or net realizable value, as of October 31, 2022 and April 30, 2022 (in thousands): October 31, 2022 April 30, 2022 Finished goods $ 101,724 $ 110,650 Finished parts 3,552 4,353 Work in process 81 194 Raw material 6,087 6,486 Total inventories $ 111,444 $ 121,683

Debt

Debt	6 Months Ended
	Oct. 31, 2022
Debt Disclosure [Abstract]
Debt	(8) Debt: On August 24, 2020, we entered into a financing arrangement consisting of a $ 50.0 million revolving line of credit secured by substantially all our assets, maturing five years from the closing date, with available borrowings determined by a borrowing base calculation. The revolving line included an option to increase the credit commitment by an additional $ 15 million. The revolving line bore interest at a fluctuating rate equal to the Base Rate or LIBOR, as applicable, plus the applicable margin. On March 25, 2022, we amended our secured loan and security agreement, or the Amended Loan and Security Agreement, increasing the revolving line of credit to $ 75 million, secured by substantially all our assets, maturing in March 2027 , with available borrowings determined by a borrowing base calculation. The amendment also includes an option to increase the credit commitment by an additional $ 15 million. The amended revolving line bears interest at a fluctuating rate equal to the Base Rate or Secured Overnight Financing Rate, or SOFR, as applicable, plus the applicable margin. The applicable margin can range from a minimum of 0.25 % to a maximum of 1.75 % based on certain conditions as defined in the Amended Loan and Security Agreement. The financing arrangement contains covenants relating to minimum debt service coverage. As of October 31, 2022, we had $ 20.0 million of borrowings outstanding on the revolving line of credit, which bore interest at 4.27 %, equal to SOFR plus the applicable margin. Outstanding borrowings on the revolving line of credit are classified as non-current in the consolidated financial statements, maturing in March 2027 . The proceeds from the borrowings on our revolving line of credit were used to purchase the Grilla Grills branded products from FTI in fiscal year 2022.

Equity

Equity	6 Months Ended
	Oct. 31, 2022
Equity [Abstract]
Equity	(9) Equity: Treasury Stock On September 30, 2022, our Board of Directors authorized the repurchase of up to $ 10.0 million of our common stock, subject to certain conditions, in the open market, block purchases, or in privately negotiated transactions, executable through September 29, 2023 . During the three and six months ended October 31, 2022, we repurchased 84,029 shares of our common stock for $ 756,000 under this authorization, utilizing cash on hand. Earnings per Share We compute diluted earnings per share by giving effect to all potentially dilutive stock awards that are outstanding. The computation of diluted earnings per share excludes the effect of the potential exercise of stock-based awards when the effect of the potential exercise would be anti-dilutive. There were no shares excluded from the computation of diluted earnings per share for the three months ended October 31, 2022 and 2021, respectively, and for the six months ended October 31, 2021. Due to the loss from operations for the six months ended October 31, 2022, there are no common shares added to calculate dilutive earnings per share because the effect would be antidilutive. The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three months ended October 31, 2022 and 2021 (in thousands, except per share data): For the Three Months Ended October 31, 2022 2021 Net Per Share Net Per Share Income Shares Amount Income Shares Amount Basic earnings $ 370 13,465 $ 0.03 $ 4,583 14,135 $ 0.32 Effect of dilutive stock awards — 124 — — 213 — Diluted earnings $ 370 13,589 $ 0.03 $ 4,583 14,348 $ 0.32 The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the six months ended October 31, 2022 and 2021 (in thousands, except per share data): For the Six Months Ended October 31, 2022 2021 Net Per Share Net Per Share Loss Shares Amount Income Shares Amount Basic (loss)/earnings $ ( 5,325 ) 13,454 $ ( 0.40 ) $ 8,040 14,109 $ 0.57 Effect of dilutive stock awards — — — — 260 ( 0.01 ) Diluted (loss)/earnings $ ( 5,325 ) 13,454 $ ( 0.40 ) $ 8,040 14,369 $ 0.56 Incentive Stock and Employee Stock Purchase Plans We have a stock incentive plan, or 2020 Incentive Compensation Plan, under which we can grant new awards to our employees and directors. Our 2020 Incentive Compensation Plan authorizes the issuance of awards covering up to 1,397,510 shares of our common stock. The plan permits the grant of options to acquire common stock, restricted stock awards, restricted stock units, or RSUs, stock appreciation rights, bonus stock and awards in lieu of obligations, performance awards, and dividend equivalents. Our Board of Directors, or a committee established by our Board of Directors, administers the plan, selects recipients to whom awards are granted, and determines the grants to be awarded. Stock options granted under the plan are exercisable at a price determined by our Board of Directors or a committee thereof at the time of grant, but in no event, less than fair market value of our common stock on the date granted. Grants of options may be made to employees and directors without regard to any performance measures. All options issued pursuant to the plan are generally nontransferable and subject to forfeiture. Unless terminated earlier by our Board of Directors, our 2020 Incentive Compensation Plan will terminate at the earliest of (1) the tenth anniversary of the effective date of our 2020 Incentive Compensation Plan, or (2) such time as no shares of common stock remain available for issuance under the plan and we have no further rights or obligations with respect to outstanding awards under the plan. The date of grant of an award is deemed to be the date upon which our Board of Directors or a committee thereof authorizes the granting of such award. Except in specific circumstances, grants generally vest over a period of three or four years and grants of stock options are exercisable for a period of 10 years . Our 2020 Incentive Compensation Plan also permits the grant of awards to non-employees. We recognized $ 1.1 million and $ 1.8 million of stock-based compensation expense for the three and six months ended October 31, 2022, respectively. We recognized $ 664,000 and $ 1.4 million of stock-based compensation expenses for the three and six months ended October 31, 2021, respectively. We include stock-based compensation expense in the cost of sales, sales and marketing, research and development, and general and administrative expenses. We grant RSUs to employees and directors. The awards are made at no cost to the recipient. An RSU represents the right to receive one share of our common stock and does not carry voting or dividend rights. Except in specific circumstances, RSU grants to employees generally vest over a period of four years with one-fourth of the units vesting on each anniversary of the grant date. We amortize the aggregate fair value of our RSU grants to compensation expense over the vesting period. Awards that do not vest are forfeited. We grant performance stock units, or PSUs, to our executive officers and certain other employees from time to time. At the time of grant, we calculate the fair value of our PSUs using the Monte-Carlo simulation. We incorporate the following variables into the valuation model: For the Three and Six Months Ended October 31, 2022 2021 Grant date fair market value American Outdoor Brands, Inc. $ 12.70 $ 26.44 Russell 2000 Index $ 1,882.91 $ 2,277.45 Volatility (a) American Outdoor Brands, Inc. 49.04 % 47.78 % Russell 2000 Index 31.75 % 30.69 % Correlation coefficient (b) 0.50 0.46 Risk-free interest rate (c) 2.91 % 0.33 % Dividend yield (d) 0 % 0 % (a) Expected volatility is calculated based on a peer group over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years . (b) The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions. (c) The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period. (d) We do not expect to pay dividends in the foreseeable future. The PSUs vest, and the fair value of such PSUs will be recognized, over the corresponding three-year performance period. Our PSUs have a maximum aggregate award equal to 200 % of the target unit amount granted. Generally, the number of PSUs that may be earned depends upon the total stockholder return, or TSR, of our common stock compared with the TSR of the Russell 2000 Index, or the RUT, over the three-year performance period. For PSUs, our stock must outperform the RUT by 5 % in order for the target award to vest. In addition, there is a cap on the number of shares that can be earned under our PSUs, which is equal to six times the grant-date value of each award. During the six months ended October 31, 2022, we granted an aggregate of 52,277 PSUs to our executive officers. We also granted 263,898 RSUs during the six months ended October 31, 2022, including 52,277 RSUs to executive officers and 211,621 RSUs to non-executive officer employees and directors under our 2020 Incentive Compensation Plan. In addition, in connection with a 2019 grant, we vested 7,200 PSUs (i.e., the target amount granted), which achieved 200 % of the maximum aggregate award possible, resulting in awards totaling 14,400 shares to certain of our executive officers and employees of our former parent. During the six months ended October 31, 2022, we cancelled 3,456 RSUs as a result of the service condition not being met. In connection with the vesting of RSUs, during the six months ended October 31, 2022, we delivered common stock to our employees, including our executive officers, and directors with a total market value of $ 1.1 million. During the six months ended October 31, 2021, we granted an aggregate of 26,809 market-condition PSUs to our executive officers. We also granted 73,248 service-based RSUs during the six months ended October 31, 2021, including 26,809 RSUs to executive officers and 46,439 to non-executive officer employees under our 2020 Incentive Compensation Plan. In addition, in connection with a 2018 grant, we vested 10,800 market-condition PSUs (i.e., the target amount granted), which achieved 200 % of the maximum aggregate award possible, resulting in awards totaling 21,600 shares to certain of our executive officers and employees of our former parent. During the six months ended October 31, 2021, we cancelled 21,363 service-based RSUs as a result of the service condition not being met. In connection with the vesting of RSUs, during the six months ended October 31, 2021, we delivered common stock to our employees, including our executive officers and directors with a total market value of $ 3.0 million. A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the six months ended October 31, 2022 and 2021 is as follows: For the Six Months Ended October 31, 2022 2021 Weighted Weighted Total # of Average Total # of Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value RSUs and PSUs outstanding, beginning of period 349,774 $ 15.93 427,519 $ 11.75 Awarded 323,375 10.87 110,857 27.22 Vested ( 101,061 ) 14.26 ( 106,724 ) 11.43 Forfeited ( 3,456 ) 18.83 ( 35,634 ) 14.43 RSUs and PSUs outstanding, end of period 568,632 $ 13.34 396,018 $ 15.92 As of October 31, 2022, there was $ 3.4 million of unrecognized compensation expense related to unvested RSUs and PSUs. We expect to recognize this expense over a weighted average remaining contractual term of 1.4 years. We have an employee stock purchase plan, or ESPP, which authorizes the sale of up to 419,253 shares of our common stock to employees. All options and rights to participate in our ESPP are nontransferable and subject to forfeiture in accordance with our ESPP guidelines. Our current ESPP will be implemented in a series of successive offering periods, each with a maximum duration of 12 months . If the fair market value per share of our common stock on any purchase date is less than the fair market value per share on the start date of a 12-month offering period, then that offering period will automatically terminate and a new 12-month offering period will begin on the next business day. Each offering period will begin on April 1 or October 1, as applicable, immediately following the end of the previous offering period. Payroll deductions will be on an after-tax basis, in an amount of not less than 1 % and not more than 20 % (or such greater percentage as the committee appointed to administer our ESPP may establish from time to time before the first day of an offering period) of a participant’s compensation on each payroll date. The option exercise price per share will equal 85 % of the lower of the fair market value on the first day of the offering period or the fair market value on the exercise date. The maximum number of shares that a participant may purchase during any purchase period is the greater of 2,500 shares, or a total of $ 25,000 in shares, based on the fair market value on the first day of the offering period. Our ESPP will remain in effect until the earliest of (a) the exercise date that participants become entitled to purchase a number of shares greater than the number of reserved shares available for purchase under our ESPP, (b) such date as is determined by our Board of Directors in its discretion, or (c) the tenth anniversary of the effective date. In the event of certain corporate transactions, each option outstanding under our ESPP will be assumed or an equivalent option will be substituted by the successor corporation or a parent or subsidiary of such successor corporation. During the six months ended October 31, 2022, 38,560 shares were purchased by our employees under our ESPP. We measure the cost of employee services received in exchange for an award of an equity instrument based on the grant-date fair value of the award. We amortize the fair value of the award over the vesting period of the option. Under ESPP, fair value is determined at the beginning of the purchase period and amortized over the term of each exercise period. The following assumptions were used in valuing ESPP purchases under our ESPP during the six months ended October 31, 2022 and 2021: For the Three and Six Months Ended October 31, 2022 2021 Risk-free interest rate 3.97 % - 4.01 % 0.05 % - 0.09 % Expected term 6 months - 12 months 6 months - 12 months Expected volatility 51.9 % - 58.4 % 54.7 % - 56.7 % Dividend yield 0 % 0 % We estimate expected volatility using historical volatility for the expected term. The fair value of each stock option or ESPP purchase was estimated on the date of the grant using Black-Scholes option pricing model (using the risk-free interest rate, expected term, expected volatility, and dividend yield variables, as noted in the above table).

Accrued Expenses

Accrued Expenses	6 Months Ended
	Oct. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses	(10) Accrued Expenses: The following table sets forth other accrued expenses as of October 31, 2022 and April 30, 2022 (in thousands): October 31, 2022 April 30, 2022 Accrued sales allowances $ 3,753 $ 2,392 Accrued freight 2,018 1,253 Accrued commissions 1,250 1,175 Accrued employee benefits 980 312 Accrued warranty 964 786 Accrued professional fees 891 951 Accrued taxes other than income 754 718 Accrued other 259 266 Total accrued expenses $ 10,869 $ 7,853

Income Taxes

Income Taxes	6 Months Ended
	Oct. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	(11) Income Taxes: The income tax expense included in the condensed consolidated statements of operations is based upon the estimated effective tax rate for the year, adjusted for the impact of discrete items which are accounted for in the period in which they occur. We recorded income tax benefit of $ 161,000 and income tax expense of $ 1.3 million for the three months ended October 31, 2022 and 2021, respectively. The effective tax rate for the three months ended October 31, 2022 and 2021 was ( 77.0 %) and 21.9 %, respectively. Income tax expense for the three months ended October 31, 2022 included a discrete tax expense of $ 40,000 associated with stock-based compensation. Income tax expense for the three months ended October 31, 2021 included a discrete tax benefit of $ 171,000 a ssociated with stock-based compensation. We recorded income tax expense of $ 28,000 and $ 2.1 million for the six months ended October 31, 2022 and 2021, respectively. The effective tax rate for the six months ended October 31, 2022 and 2021 was ( 0.5 %) and 21.0 %, respectively. Income tax expense for the six months ended October 31, 2021 included a discrete tax benefit of $ 361,000 associated with stock-based compensation, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Oct. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(12) Commitments and Contingencies: Litigation From time to time, we are involved in lawsuits, claims, investigations, and proceedings, including those relating to product liability, intellectual property, commercial relationships, employment issues, and governmental matters, which arise in the ordinary course of business. For the three and six months ended October 31, 2022 and 2021, respectively, we did not incur any material expenses in defense and administrative costs relative to product liability litigation. In addition, we did not incur any settlement fees related to product liability cases in those fiscal years. Gain Contingency In 2018, the United States imposed additional section 301 tariffs, of up to 25 %, on certain goods imported from China. These additional section 301 tariffs apply to our sourced products from China and have added additional cost to us. We are utilizing the duty drawback mechanism to offset some of the direct impact of these tariffs, specifically on goods that we sold internationally. We are accounting for duty drawbacks as a gain contingency and may record any such gain from a reimbursement in future periods if and when the contingency is resolved.

Segment Reporting

Segment Reporting	6 Months Ended
	Oct. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	(13) Segment Reporting: We have evaluated our operations under ASC 280-10-50-1 – Segment Reporting and have concluded that we are operating as one segment based on several key factors, including the reporting and review process used by the chief operating decision maker, our Chief Executive Officer, who reviews only consolidated financial information and makes decisions to allocate resources based on those financial statements. We analyze revenue streams in various ways, including customer group, brands, product categories, and customer channels. However, this information does not include a full set of discrete financial information. In addition, although we currently sell our products under 21 distinct brands that are organized into four brand lanes and include specific product sales that have identified revenue streams, these brand lanes are focused almost entirely on product development and marketing activities and do not qualify as separate reporting units under ASC 280-10-50-1. Other sales and customer focused activities, operating activities, and administrative activities are not divided by brand lane and, therefore, expenses related to each brand lane are not accumulated or reviewed individually. Our business is evaluated based upon a number of financial and operating measures, including sales, gross profit and gross margin, operating expenses, and operating margin. Our business includes our outdoor products and accessories products, which we develop, source, market, and distribute from our facility in Columbia, Missouri, and our electro-optics products, which we assemble in our Columbia, Missouri and Wilsonville, Oregon facilities. We report operating costs based on the activities performed.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Financial Information	Interim Financial Information Our unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of the Securities and Exchange Commission, or SEC, for interim reporting. As permitted under those rules, certain disclosures and other financial information that normally are required by accounting principles generally accepted in the United States have been condensed or omitted. Our accounting policies are described in the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for our fiscal year ended April 30, 2022. We are responsible for the condensed consolidated financial statements included in this report, which are unaudited but, in our opinion, include all adjustments necessary for a fair presentation of our condensed consolidated balance sheet as of October 31, 2022, our condensed consolidated statement of operations for the three and six months ended October 31, 2022 and 2021, and our condensed consolidated statement of cash flows for the six months ended October 31, 2022 and 2021. The consolidated balance sheet as of April 30, 2022 was derived from audited financial statements. The results reported in these condensed consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire fiscal year.
Reclassification	Reclassification Certain immaterial reclassifications were made to the accompanying condensed consolidated statement of cash flows for the six months ended October 31, 2021 to reclassify payments to acquire property and equipment, to payments to acquire patents and software; however, the total amount of net cash used in investing activities remained unchanged. This reclassification had no impact on the previously reported net income.
Insurance Reserves	Insurance Reserves During the three months ended October 31, 2022, we transitioned to self-insured group health insurance programs. Prior to this transition, we had fully guaranteed cost group health insurance programs. We are now self-insured through retentions or deductibles with stop-loss insurance for medical claims that reach a certain limit per claim. We record our liability for estimated incurred losses based on historical claim data in the accompanying consolidated financial statements on an undiscounted basis.
Revenue Recognition	Revenue Recognition We recognize revenue for the sale of our products at the point in time when the control of ownership has transferred to the customer. The transfer of control typically occurs at a point in time based on consideration of when the customer has (i) a payment obligation, (ii) physical possession of goods has been received, (iii) legal title to goods has passed, (iv) risks and rewards of ownership of goods has passed to the customer, and (v) the customer has accepted the goods. The timing of revenue recognition occurs either on shipment or delivery of goods based on contractual terms with the customer. The duration of contractual arrangements with customers in our wholesale channels is typically less than one year. Payment terms with customers are typically between 20 and 90 days , with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year. We have elected to treat all shipping and handling activities as fulfillment costs and recognize the costs as distribution expenses at the time we recognize the related revenue. Shipping and handling costs billed to customers are included in net sales. The amount of revenue we recognize reflects the expected consideration to be received for providing the goods or services to customers, which includes estimates for variable consideration. Variable consideration includes allowances for trade term discounts, chargebacks, and product returns. Estimates of variable consideration are determined at contract inception and reassessed at each reporting date, at a minimum, to reflect any changes in facts and circumstances. We apply the portfolio approach as a practical expedient and utilize the expected value method in determining estimates of variable consideration, based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. We have co-op advertising program expense, which we record within advertising expense, in recognition of a distinct service that we receive from our customers at the retail level. Disaggregation of Revenue The following table sets forth certain information regarding trade channel net sales for the three months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change e-commerce channels $ 22,713 $ 27,535 $ ( 4,822 ) - 17.5 % Traditional channels 31,723 43,225 ( 11,502 ) - 26.6 % Total net sales $ 54,436 $ 70,760 $ ( 16,324 ) - 23.1 % Our e-commerce channels include net sales from customers that do not traditionally operate a physical brick and mortar store, but generate the majority of their revenue from consumer purchases at their retail websites. Our e-commerce channels also include our direct-to-consumer sales. Our traditional channels include customers that primarily operate out of physical brick and mortar stores and generate the large majority of their revenue from consumer purchases at their brick and mortar locations. We sell our products worldwide. The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the three months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change Domestic net sales $ 52,106 $ 67,458 $ ( 15,352 ) - 22.8 % International net sales 2,330 3,302 ( 972 ) - 29.4 % Total net sales $ 54,436 $ 70,760 $ ( 16,324 ) - 23.1 % The following table sets forth certain information regarding trade channel net sales for the six months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change e-commerce channels $ 43,257 $ 44,143 $ ( 886 ) - 2.0 % Traditional channels 54,855 87,385 ( 32,530 ) - 37.2 % Total net sales $ 98,112 $ 131,528 $ ( 33,416 ) - 25.4 % The following table sets forth certain information regarding geographic makeup of net sales in the above table for the six months ended October 31, 2022 and 2020 (dollars in thousands): 2022 2021 $ Change % Change Domestic net sales $ 92,382 $ 123,988 $ ( 31,606 ) - 25.5 % International net sales 5,730 7,540 ( 1,810 ) - 24.0 % Total net sales $ 98,112 $ 131,528 $ ( 33,416 ) - 25.4 %
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In March 2020, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, or ASU 2020-04, to provide temporary optional expedients and exceptions to the contract modifications, hedge relationships, and other transactions affected by reference rate reform if certain criteria are met. ASU 2020-04, which was effective upon issuance and may be applied through December 31, 2022, is applicable to all contracts and hedging relationships that reference the London Interbank Offered Rate (LIBOR) or any other reference rate expected to be discontinued. As a result of the amendment to the revolving line of credit agreement in fiscal year 2022, which uses SOFR as an interest rate option instead of LIBOR to calculate the applicable interest rate, see Note 8 - Debt, the new guidance will not have a material impact on our condensed consolidated financial statements and related disclosures. In December 2019, FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, or ASU 2019-12, an amendment of the FASB Accounting Standards Codification. ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions for intraperiod tax allocations and deferred tax liabilities for equity method investments and adds guidance regarding whether a step-up in tax basis of goodwill relates to a business combination or a separate transaction. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. We adopted ASU 2019-12 on May 1, 2021 , and the cumulative effect of the adoption was no t material to our condensed consolidated financial statements and related disclosures.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Oct. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Trade Channel Net Sales	The following table sets forth certain information regarding trade channel net sales for the three months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change e-commerce channels $ 22,713 $ 27,535 $ ( 4,822 ) - 17.5 % Traditional channels 31,723 43,225 ( 11,502 ) - 26.6 % Total net sales $ 54,436 $ 70,760 $ ( 16,324 ) - 23.1 % The following table sets forth certain information regarding trade channel net sales for the six months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change e-commerce channels $ 43,257 $ 44,143 $ ( 886 ) - 2.0 % Traditional channels 54,855 87,385 ( 32,530 ) - 37.2 % Total net sales $ 98,112 $ 131,528 $ ( 33,416 ) - 25.4 %
Schedule of Geographic Makeup of Net Sales	The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the three months ended October 31, 2022 and 2021 (dollars in thousands): 2022 2021 $ Change % Change Domestic net sales $ 52,106 $ 67,458 $ ( 15,352 ) - 22.8 % International net sales 2,330 3,302 ( 972 ) - 29.4 % Total net sales $ 54,436 $ 70,760 $ ( 16,324 ) - 23.1 % The following table sets forth certain information regarding geographic makeup of net sales in the above table for the six months ended October 31, 2022 and 2020 (dollars in thousands): 2022 2021 $ Change % Change Domestic net sales $ 92,382 $ 123,988 $ ( 31,606 ) - 25.5 % International net sales 5,730 7,540 ( 1,810 ) - 24.0 % Total net sales $ 98,112 $ 131,528 $ ( 33,416 ) - 25.4 %

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Oct. 31, 2022
Business Combinations [Abstract]
Summary of Preliminary Allocation of Purchase Price	The following table summarizes the preliminary allocation of the purchase price for the Grilla Grills acquisition (in thousands): Grilla Grills Acquisition Inventories $ 5,956 Property, plant, and equipment 105 Intangibles 18,495 Goodwill 3,534 Total assets acquired 28,090 Accounts payable 894 Accrued expenses 46 Accrued warranty 150 Total liabilities assumed 1,090 $ 27,000
Schedule of Unaudited Pro Forma Results of Operations Assumed	Additionally, the following table reflects the unaudited pro forma results of operations assuming that the Grilla Grills acquisition had occurred on May 1, 2021 (in thousands, except per share data): For the Three Months For the Six Months Net sales $ 73,740 $ 138,932 Income from operations 5,421 9,660 Net income per share - diluted 0.33 0.57

Leases (Tables)

Leases (Tables)	6 Months Ended
	Oct. 31, 2022
Leases [Abstract]
Schedule of Assets and Liabilities Related to Operating Leases	The amounts of assets and liabilities related to our operating leases as of October 31, 2022 are as follows (in thousands): October 31, 2022 April 30, 2022 Operating Leases Right-of-use assets $ 29,422 $ 27,475 Accumulated amortization ( 4,447 ) ( 3,591 ) Right-of-use assets, net $ 24,975 $ 23,884 Lease liabilities, current portion $ 1,342 $ 1,803 Lease liabilities, net of current portion 24,520 23,076 Total operating lease liabilities $ 25,862 $ 24,879
Schedule of Future Lease Payments for Operating Leases	Future lease payments for all our operating leases for the remainder of fiscal 2023 and for succeeding fiscal years, as of October 31, 2022, are as follows (in thousands): Operating 2023 $ 1,566 2024 2,221 2025 2,228 2026 2,177 2027 2,207 2028 2,238 Thereafter 26,426 Total future lease payments 39,063 Less amounts representing interest ( 13,201 ) Present value of lease payments 25,862 Less current maturities of lease liabilities ( 1,342 ) Long-term maturities of lease liabilities $ 24,520

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Oct. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Summary of Intangible Assets	The following table summarizes intangible assets as of October 31, 2022 and April 30, 2022 (in thousands): October 31, 2022 April 30, 2022 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 89,980 $ ( 70,995 ) $ 18,985 $ 89,980 $ ( 67,955 ) $ 22,025 Developed software and technology 30,383 ( 20,611 ) 9,772 25,812 ( 19,395 ) 6,417 Patents, trademarks, and trade names 68,771 ( 41,536 ) 27,235 68,663 ( 39,030 ) 29,633 189,134 ( 133,142 ) 55,992 184,455 ( 126,380 ) 58,075 Patents and software in development 1,645 — 1,645 4,689 — 4,689 Total definite-lived intangible assets 190,779 ( 133,142 ) 57,637 189,144 ( 126,380 ) 62,764 Indefinite-lived intangible assets 430 — 430 430 — 430 Total intangible assets $ 191,209 $ ( 133,142 ) $ 58,067 $ 189,574 $ ( 126,380 ) $ 63,194
Schedule of Future Expected Amortization Expense	Future expected amortization expense for the remainder of fiscal 2023 and for succeeding fiscal years, as of October 31, 2022, are as follows (in thousands): Fiscal Amount 2023 $ 6,755 2024 12,968 2025 9,252 2026 7,961 2027 5,636 2028 4,352 Thereafter 9,068 Total $ 55,992

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Oct. 31, 2022
Inventory Disclosure [Abstract]
Summary of Inventories	The following table sets forth a summary of inventories, stated at lower of cost or net realizable value, as of October 31, 2022 and April 30, 2022 (in thousands): October 31, 2022 April 30, 2022 Finished goods $ 101,724 $ 110,650 Finished parts 3,552 4,353 Work in process 81 194 Raw material 6,087 6,486 Total inventories $ 111,444 $ 121,683

Equity (Tables)

Equity (Tables)	6 Months Ended
	Oct. 31, 2022
Schedule of Earnings per Share	The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three months ended October 31, 2022 and 2021 (in thousands, except per share data): For the Three Months Ended October 31, 2022 2021 Net Per Share Net Per Share Income Shares Amount Income Shares Amount Basic earnings $ 370 13,465 $ 0.03 $ 4,583 14,135 $ 0.32 Effect of dilutive stock awards — 124 — — 213 — Diluted earnings $ 370 13,589 $ 0.03 $ 4,583 14,348 $ 0.32 The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the six months ended October 31, 2022 and 2021 (in thousands, except per share data): For the Six Months Ended October 31, 2022 2021 Net Per Share Net Per Share Loss Shares Amount Income Shares Amount Basic (loss)/earnings $ ( 5,325 ) 13,454 $ ( 0.40 ) $ 8,040 14,109 $ 0.57 Effect of dilutive stock awards — — — — 260 ( 0.01 ) Diluted (loss)/earnings $ ( 5,325 ) 13,454 $ ( 0.40 ) $ 8,040 14,369 $ 0.56
Share Based Payment Award Performance Shares Valuation Assumptions	We incorporate the following variables into the valuation model: For the Three and Six Months Ended October 31, 2022 2021 Grant date fair market value American Outdoor Brands, Inc. $ 12.70 $ 26.44 Russell 2000 Index $ 1,882.91 $ 2,277.45 Volatility (a) American Outdoor Brands, Inc. 49.04 % 47.78 % Russell 2000 Index 31.75 % 30.69 % Correlation coefficient (b) 0.50 0.46 Risk-free interest rate (c) 2.91 % 0.33 % Dividend yield (d) 0 % 0 % (a) Expected volatility is calculated based on a peer group over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years . (b) The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions. (c) The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period. (d) We do not expect to pay dividends in the foreseeable future.
Summary of Assumptions Used In Valuing ESPP Purchase Under ESPP	The following assumptions were used in valuing ESPP purchases under our ESPP during the six months ended October 31, 2022 and 2021: For the Three and Six Months Ended October 31, 2022 2021 Risk-free interest rate 3.97 % - 4.01 % 0.05 % - 0.09 % Expected term 6 months - 12 months 6 months - 12 months Expected volatility 51.9 % - 58.4 % 54.7 % - 56.7 % Dividend yield 0 % 0 %
RSUs and PSUs | 2020 Incentive Compensation Plan
Summary of Activity for Unvested RSUs and PSUs	A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the six months ended October 31, 2022 and 2021 is as follows: For the Six Months Ended October 31, 2022 2021 Weighted Weighted Total # of Average Total # of Average Restricted Grant Date Restricted Grant Date Stock Units Fair Value Stock Units Fair Value RSUs and PSUs outstanding, beginning of period 349,774 $ 15.93 427,519 $ 11.75 Awarded 323,375 10.87 110,857 27.22 Vested ( 101,061 ) 14.26 ( 106,724 ) 11.43 Forfeited ( 3,456 ) 18.83 ( 35,634 ) 14.43 RSUs and PSUs outstanding, end of period 568,632 $ 13.34 396,018 $ 15.92

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Oct. 31, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	The following table sets forth other accrued expenses as of October 31, 2022 and April 30, 2022 (in thousands): October 31, 2022 April 30, 2022 Accrued sales allowances $ 3,753 $ 2,392 Accrued freight 2,018 1,253 Accrued commissions 1,250 1,175 Accrued employee benefits 980 312 Accrued warranty 964 786 Accrued professional fees 891 951 Accrued taxes other than income 754 718 Accrued other 259 266 Total accrued expenses $ 10,869 $ 7,853

Organization - Additional Infor

Organization - Additional Information (Details)	6 Months Ended
	Oct. 31, 2022 BrandLane
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of brand lanes	4

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Details) - USD ($)	6 Months Ended	12 Months Ended
	Oct. 31, 2022	Apr. 30, 2021
Background Description Of Business And Basis Of Presentation [Line Items]
Impact on previously reported net income or comprehensive income		$ 0
Accounting Standards Update [Extensible Enumeration]	ASU 2019-12
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle accounting standards update adoption date	May 01, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
Minimum
Background Description Of Business And Basis Of Presentation [Line Items]
Product shipment days	20 days
Maximum
Background Description Of Business And Basis Of Presentation [Line Items]
Product shipment days	90 days

Basis of Presentation - Schedul

Basis of Presentation - Schedule of Trade Channel Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Disaggregation of Revenue [Line Items]
Total net sales	$ 54,436	$ 70,760	$ 98,112	$ 131,528
Change in Total net sales	$ (16,324)		$ (33,416)
% Change in Total net sales	(23.10%)		(25.40%)
E-Commerce Channels
Disaggregation of Revenue [Line Items]
Total net sales	$ 22,713	27,535	$ 43,257	44,143
Change in Total net sales	$ (4,822)		$ (886)
% Change in Total net sales	(17.50%)		(2.00%)
Traditional Channels
Disaggregation of Revenue [Line Items]
Total net sales	$ 31,723	$ 43,225	$ 54,855	$ 87,385
Change in Total net sales	$ (11,502)		$ (32,530)
% Change in Total net sales	(26.60%)		(37.20%)

Basis of Presentation - Sched_2

Basis of Presentation - Schedule of Geographic Makeup of Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Disaggregation of Revenue [Line Items]
Total net sales	$ 54,436	$ 70,760	$ 98,112	$ 131,528
Change in Total net sales	$ (16,324)		$ (33,416)
% Change in Total net sales	(23.10%)		(25.40%)
Domestic Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 52,106	67,458	$ 92,382	123,988
Change in Total net sales	$ (15,352)		$ (31,606)
% Change in Total net sales	(22.80%)		(25.50%)
International Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 2,330	$ 3,302	$ 5,730	$ 7,540
Change in Total net sales	$ (972)		$ (1,810)
% Change in Total net sales	(29.40%)		(24.00%)

Recently Adopted and Issued Acc

Recently Adopted and Issued Accounting Standards - Additional Information (Details)	6 Months Ended
	Oct. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Accounting Standards Update [Extensible Enumeration]	ASU 2019-12
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle accounting standards update adoption date	May 01, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended	18 Months Ended
	Oct. 31, 2022	Oct. 31, 2022	Apr. 30, 2022	Oct. 31, 2022
Business Acquisition [Line Items]
Weighted average life of tradename acquired		5 years
Revolving Line of Credit
Business Acquisition [Line Items]
Revolving line of credit	$ 20,000,000	$ 20,000,000		$ 20,000,000
Grilla Grills Acquisition
Business Acquisition [Line Items]
Payments for assets acquired			$ 27,000,000
Increased goodwill			$ 3,500,000
Revenue from acquisition	2,600,000	$ 7,800,000
Weighted average life of tradename acquired		6 years 6 months
Grilla Grills Acquisition | Tradenames
Business Acquisition [Line Items]
Fair market value of assets acquired		$ 18,500,000
Grilla Grills Acquisition | General and Administrative
Business Acquisition [Line Items]
Acquisition-related costs		47,000		646,000
Grilla Grills Acquisition | Revolving Line of Credit
Business Acquisition [Line Items]
Revolving line of credit	$ 25,000,000	$ 25,000,000		$ 25,000,000

Acquisitions - Summary of Preli

Acquisitions - Summary of Preliminary Allocation of Purchase Price (Details) - Grilla Grills Acquisition $ in Thousands	Oct. 31, 2022 USD ($)
Business Acquisition [Line Items]
Inventories	$ 5,956
Property, plant, and equipment	105
Intangibles	18,495
Goodwill	3,534
Total assets acquired	28,090
Accounts payable	894
Accrued expenses	46
Accrued warranty	150
Total liabilities assumed	1,090
Total assets, net	$ 27,000

Acquisitions - Schedule of Unau

Acquisitions - Schedule of Unaudited Pro Forma Results of Operations Assumed (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2022
Business Combinations [Abstract]
Net sales	$ 73,740	$ 138,932
Income from operations	$ 5,421	$ 9,660
Net income per share - diluted	$ 0.33	$ 0.57

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities Related to Operating Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Operating Leases
Right-of-use assets	$ 29,422	$ 27,475
Accumulated amortization	(4,447)	(3,591)
Right-of-use assets, net	24,975	23,884
Lease liabilities, current portion	1,342	1,803
Lease liabilities, net of current portion	24,520	23,076
Total operating lease liabilities	$ 25,862	$ 24,879

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Apr. 30, 2022
Lessee Lease Description [Line Items]
Operating lease cost	$ 1,100,000	$ 920,000	$ 2,100,000	$ 1,800,000
Short-term operating lease costs	$ 41,000	$ 49,000	$ 88,000	100,000
Operating lease, weighted average lease term	15 years 10 months 24 days		15 years 10 months 24 days
Operating lease, weighted average discount rate	5.40%		5.40%
Operating right-of-use lease asset	$ 24,975,000		$ 24,975,000		$ 23,884,000
Operating lease, liability	25,862,000		25,862,000		$ 24,879,000
Cash paid for amounts included in measurement of liabilities and operating cash flows			976,000	$ 891,000
Corporate Office and Warehouse
Lessee Lease Description [Line Items]
Operating right-of-use lease asset	1,900,000		1,900,000
Operating lease, liability	$ 1,900,000		$ 1,900,000

Leases - Schedule of Future Lea

Leases - Schedule of Future Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Operating
2023	$ 1,566
2024	2,221
2025	2,228
2026	2,177
2027	2,207
2028	2,238
Thereafter	26,426
Total future lease payments	39,063
Less amounts representing interest	(13,201)
Total operating lease liabilities	25,862	$ 24,879
Less current maturities of lease liabilities	(1,342)	(1,803)
Long-term maturities of lease liabilities	$ 24,520	$ 23,076

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	$ 190,779	$ 189,144
Total definite-lived intangible assets, Accumulated Amortization	(133,142)	(126,380)
Total definite-lived intangible assets, Net Carrying Amount	57,637	62,764
Indefinite-lived intangible assets, Net Carrying Amount	430	430
Total Intangible assets, Gross Carrying Amount	191,209	189,574
Total Intangible assets, Net Carrying Amount	58,067	63,194
Customer Relationships
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	89,980	89,980
Total definite-lived intangible assets, Accumulated Amortization	(70,995)	(67,955)
Total definite-lived intangible assets, Net Carrying Amount	18,985	22,025
Developed Software and Technology
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	30,383	25,812
Total definite-lived intangible assets, Accumulated Amortization	(20,611)	(19,395)
Total definite-lived intangible assets, Net Carrying Amount	9,772	6,417
Patents, Trademarks, and Trade Names
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	68,771	68,663
Total definite-lived intangible assets, Accumulated Amortization	(41,536)	(39,030)
Total definite-lived intangible assets, Net Carrying Amount	27,235	29,633
Definite-lived Intangible Assets Excluding Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	189,134	184,455
Total definite-lived intangible assets, Accumulated Amortization	(133,142)	(126,380)
Total definite-lived intangible assets, Net Carrying Amount	55,992	58,075
Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,645	4,689
Total definite-lived intangible assets, Net Carrying Amount	$ 1,645	$ 4,689

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 3.3	$ 3.5	$ 6.8	$ 7
Weighted-average period for amortization of intangible assets			5 years
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			5 years
Developed Software and Technology
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			5 years
Patents, Trademarks, and Trade Names
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			6 years

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Future Expected Amortization Expense (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Net Carrying Amount	$ 57,637	$ 62,764
Definite-lived Intangible Assets Excluding Patents in Progress
Finite-Lived Intangible Assets [Line Items]
2023	6,755
2024	12,968
2025	9,252
2026	7,961
2027	5,636
2028	4,352
Thereafter	9,068
Total definite-lived intangible assets, Net Carrying Amount	$ 55,992	$ 58,075

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - USD ($)	Oct. 31, 2022	Apr. 30, 2022
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial assets	$ 0
Financial liabilities	0
Fair Value, Recurring Basis | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 16,400,000	$ 19,500,000

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 101,724	$ 110,650
Finished parts	3,552	4,353
Work in process	81	194
Raw material	6,087	6,486
Total inventories	$ 111,444	$ 121,683

Debt - Additional Information (

Debt - Additional Information (Details) - Revolving Line of Credit - USD ($)			6 Months Ended
	Mar. 25, 2022	Aug. 24, 2020	Oct. 31, 2022
Debt Instrument [Line Items]
Revolving line of credit, borrowing capacity	$ 75,000,000	$ 50,000,000
Revolving line of credit maturing term		5 years
Additional increase in credit commitment	$ 15,000,000	$ 15,000,000
Interest rate, description			The amended revolving line bears interest at a fluctuating rate equal to the Base Rate or Secured Overnight Financing Rate, or SOFR, as applicable, plus the applicable margin.
Revolving line of credit maturity date	Mar. 31, 2027
Revolving line of credit			$ 20,000,000
Minimum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	0.25%
Maximum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	1.75%
SOFR
Debt Instrument [Line Items]
Borrowings interest rate			4.27%

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)		3 Months Ended		6 Months Ended
	Sep. 30, 2022	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, expire period	Sep. 29, 2023
Stock repurchase program, repurchased shares		84,029		84,029
Stock repurchased, shares		$ 756,000		$ 756,000
Shares excluded from computation of diluted earnings per share		0	0		0
Percentage of maximum aggregate award granted				200%
Percentage of stock outperform in order for target award to vest				5%
Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares excluded from computation of diluted earnings per share				0
2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Implementation of employee stock purchase plan duration				12 months
Option exercise price per share as a percentage of fair market value				85%
Number of shares an employee may purchase under the stock purchase plan				2,500
Shares issued under employee stock purchase plan		$ 25,000		$ 25,000
Shares purchased by employees under employee stock purchase plan				38,560
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period				3 years
Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested awards, unrecognized compensation expense		3,400,000		$ 3,400,000
Unvested awards, unrecognized compensation expense recognition period				1 year 4 months 24 days
Employees and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, description				We grant RSUs to employees and directors. The awards are made at no cost to the recipient. An RSU represents the right to receive one share of our common stock and does not carry voting or dividend rights.
Awards granted, vesting period				4 years
Awards granted, vesting description				RSU grants to employees generally vest over a period of four years with one-fourth of the units vesting on each anniversary of the grant date.
Cost of Sales, Sales and Marketing, Research and Development, and General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 1,100,000	$ 664,000	$ 1,800,000	$ 1,400,000
2020 Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock remain available for issuance		0		0
Stock options exercisable period				10 years
2020 Incentive Compensation Plan | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					73,248
Awards cancelled					21,363
2020 Incentive Compensation Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled				3,456
2020 Incentive Compensation Plan | Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				323,375	110,857
Awards vested				101,061	106,724
Awards cancelled				3,456	35,634
2020 Incentive Compensation Plan | Executive Officers | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					26,809
2020 Incentive Compensation Plan | Executive Officers | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				52,277	26,809
2020 Incentive Compensation Plan | Executive Officers | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				52,277
2020 Incentive Compensation Plan | Executive Officers and Non-Executive Officer Employees | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				263,898
2020 Incentive Compensation Plan | Non-executive Officer Employees | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					46,439
2020 Incentive Compensation Plan | Non-executive Officer Employees and Directors | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				211,621
2020 Incentive Compensation Plan | Directors | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Market value of awards delivered in connection with vesting of RSUs					$ 3,000,000
2020 Incentive Compensation Plan | Employees, Executive Officers and Directors | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Market value of awards delivered in connection with vesting of RSUs				$ 1,100,000
2018 Grant | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards vested					10,800
Maximum aggregate award percentage achieved					200%
2018 Grant | Executive Officers and Employees | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled					21,600
2019 Grant | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards vested				7,200
Maximum aggregate award percentage achieved				200%
2019 Grant | Executive Officers and Employees | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				14,400
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, authorized amount	$ 10,000,000
Maximum | 2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized sale of shares of common stock		419,253		419,253
Payroll deduction of participant's compensation				20%
Maximum | 2020 Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized to be issued		1,397,510		1,397,510
Awards granted, vesting period				4 years
Minimum | 2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Payroll deduction of participant's compensation				1%
Minimum | 2020 Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period				3 years

Equity - Schedule of Earnings p

Equity - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Equity [Abstract]
Basic (loss)/earnings, Net income (loss)	$ 370	$ 4,583	$ (5,325)	$ 8,040
Diluted (loss)/ earnings, Net income (loss)	$ 370	$ 4,583	$ (5,325)	$ 8,040
Basic (loss)/earnings, shares	13,465	14,135	13,454	14,109
Effect of dilutive stock awards, shares	124	213		260
Diluted (loss)/earnings, shares	13,589	14,348	13,454	14,369
Basic (loss)/earnings, per shares	$ 0.03	$ 0.32	$ (0.40)	$ 0.57
Effect of dilutive stock awards, per shares				(0.01)
Diluted (loss)/earnings, per shares	$ 0.03	$ 0.32	$ (0.40)	$ 0.56

Equity - Share Based Payment Aw

Equity - Share Based Payment Award Performance Shares Valuation Assumptions (Details) - PSUs		3 Months Ended		6 Months Ended
		Oct. 31, 2022 CorrelationCoefficient $ / shares	Oct. 31, 2021 CorrelationCoefficient $ / shares	Oct. 31, 2022 CorrelationCoefficient $ / shares	Oct. 31, 2021 CorrelationCoefficient $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Correlation coefficient | CorrelationCoefficient	[1]	0.50	0.46	0.50	0.46
Risk-free interest rate	[2]	2.91%	0.33%	2.91%	0.33%
Dividend yield	[3]	0%	0%	0%	0%
American Outdoor Brands, Inc.
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value		$ 12.70	$ 26.44	$ 12.70	$ 26.44
Volatility	[4]	49.04%	47.78%	49.04%	47.78%
Russell 2000 Index
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value		$ 1,882.91	$ 2,277.45	$ 1,882.91	$ 2,277.45
Volatility	[4]	31.75%	30.69%	31.75%	30.69%
[1] The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions. The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period. We do not expect to pay dividends in the foreseeable future. Expected volatility is calculated based on a peer group over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years .

Equity - Share Based Payment _2

Equity - Share Based Payment Award Performance Shares Valuation Assumptions (Parenthetical) (Details) - PSUs	6 Months Ended
	Oct. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period	3 years
Volatility
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period	3 years

Equity - Summary of Activity fo

Equity - Summary of Activity for Unvested RSUs and PSUs (Details) - 2020 Incentive Compensation Plan - Service-based RSUs and PSUs - $ / shares	6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs and PSUs outstanding, beginning of period, Total # of restricted stock units	349,774	427,519
Awarded, Total # of restricted stock units	323,375	110,857
Vested, Total # of restricted stock units	(101,061)	(106,724)
Forfeited, Total # of restricted stock units	(3,456)	(35,634)
RSUs and PSUs outstanding, end of period, Total # of restricted stock units	568,632	396,018
Weighted average grant date fair value, beginning of period	$ 15.93	$ 11.75
Weighted average grant date fair value, Awarded	10.87	27.22
Weighted average grant date fair value, Vested	14.26	11.43
Weighted average grant date fair value, Forfeited	18.83	14.43
Weighted average grant date fair value, end of period	$ 13.34	$ 15.92

Equity - Summary of Assumptions

Equity - Summary of Assumptions Used In Valuing ESPP Purchase Under ESPP (Details) - 2020 Employee Stock Purchase Plan	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate, minimum	3.97%	0.05%	3.97%	0.05%
Risk-free interest rate, maximum	4.01%	0.09%	4.01%	0.09%
Expected volatility, minimum	51.90%	54.70%	51.90%	54.70%
Expected volatility, maximum	58.40%	56.70%	58.40%	56.70%
Dividend yield	0%	0%	0%	0%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	6 months	6 months	6 months	6 months
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	12 months	12 months	12 months	12 months

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Payables and Accruals [Abstract]
Accrued sales allowances	$ 3,753	$ 2,392
Accrued freight	2,018	1,253
Accrued commissions	1,250	1,175
Accrued employee benefits	980	312
Accrued warranty	964	786
Accrued professional fees	891	951
Accrued taxes other than income	754	718
Accrued other	259	266
Total accrued expenses	$ 10,869	$ 7,853

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense/(benefit)	$ (161,000)	$ 1,284,000	$ 28,000	$ 2,133,000
Effective tax rate	(77.00%)	21.90%	(0.50%)	21%
Discrete tax (benefit)\expense	$ 40,000	$ (171,000)		$ (361,000)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	12 Months Ended
	Apr. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Maximum percentage of additional section tariffs imposed on certain goods	25%

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Oct. 31, 2022 Brand BrandLane Segment
Segment Reporting [Abstract]
Number of operating segments | Segment	1
Number of distinct brands | Brand	21
Number of brand lanes | BrandLane	4