American Outdoor Brands (AOUT) 10-Q 7 Mar 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2024	Feb. 29, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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		12,757,311
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	Jan. 31, 2024	Apr. 30, 2023
Current assets:
Cash and cash equivalents	$ 15,890	$ 21,950
Accounts receivable, net of allowance for credit losses of $133 on January 31, 2024 and $125 on April 30, 2023	27,220	26,846
Inventories	100,016	99,734
Prepaid expenses and other current assets	6,564	7,839
Income tax receivable	246	1,251
Total current assets	149,936	157,620
Property, plant, and equipment, net	11,437	9,488
Intangible assets, net	43,273	52,021
Right-of-use assets	33,978	24,198
Other assets	455	260
Total assets	239,079	243,587
Current liabilities:
Accounts payable	9,245	11,544
Accrued expenses	9,445	8,741
Accrued payroll and incentives	3,018	1,813
Lease liabilities, current	1,303	904
Total current liabilities	23,011	23,002
Notes and loans payable		4,623
Lease liabilities, net of current portion	33,642	24,064
Other non-current liabilities	0	34
Total liabilities	56,653	51,723
Commitments and contingencies (Note 11)
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, 14,627,170 shares issued and 12,778,097 shares outstanding on January 31, 2024 and 14,447,149 shares issued and 13,233,151 shares outstanding on April 30, 2023	15	14
Additional paid in capital	275,841	272,784
Retained earnings	(69,321)	(62,375)
Treasury stock, at cost (1,849,073 shares on January 31, 2024 and 1,213,998 shares on April 30, 2023)	(24,109)	(18,559)
Total equity	182,426	191,864
Total liabilities and equity	$ 239,079	$ 243,587

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 133	$ 125
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	14,627,170	14,447,149
Common stock, outstanding	12,778,097	13,233,151
Treasury stock, shares	1,849,073	1,213,998

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Income Statement [Abstract]
Net sales	$ 53,425,000	$ 50,894,000	$ 154,801,000	$ 149,006,000
Cost of sales	30,591,000	26,905,000	85,758,000	80,015,000
Gross profit	22,834,000	23,989,000	69,043,000	68,991,000
Operating expenses:
Research and development	1,792,000	1,575,000	5,065,000	4,887,000
Selling, marketing, and distribution	14,464,000	14,522,000	41,933,000	40,226,000
General and administrative	9,461,000	10,893,000	29,035,000	32,575,000
Total operating expenses	25,717,000	26,990,000	76,033,000	77,688,000
Operating loss	(2,883,000)	(3,001,000)	(6,990,000)	(8,697,000)
Other (expense)/income, net:
Other income, net	51,000	226,000	143,000	1,052,000
Interest expense, net	(65,000)	(213,000)	(71,000)	(641,000)
Total other (expense)/income, net	(14,000)	13,000	72,000	411,000
Loss from operations before income taxes	(2,897,000)	2,988,000	(6,918,000)	(8,286,000)
Income tax expense/(benefit)	13,000	(125,000)	28,000	(98,000)
Net loss	$ (2,910,000)	$ (2,863,000)	$ (6,946,000)	$ (8,188,000)
Net loss per share:
Basic	$ 0.23	$ 0.21	$ (0.53)	$ (0.61)
Diluted	$ 0.23	$ 0.21	$ (0.53)	$ (0.61)
Weighted average number of common shares outstanding:
Basic	12,883	13,331	13,030	13,413
Diluted	12,883	13,331	13,030	13,413

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained (Deficit)/Earnings	Treasury Stock
Balance at Apr. 30, 2022	$ 203,031	$ 14	$ 268,393	$ (50,351)	$ (15,025)
Balance, shares at Apr. 30, 2022		14,240,000			837,000
Net loss	(8,188)			(8,188)
Stock-based compensation	2,900		2,900
Shares issued under employee stock purchase plan	287		287
Shares issued under employee stock purchase plan, shares		39,000
Issuance of common stock under restricted stock unit awards, net of tax	(304)		(304)
Issuance of common stock under restricted stock unit awards, net of tax, shares		90,000
Repurchase of treasury stock	(2,568)				$ (2,568)
Repurchase of treasury stock, shares					276,000
Balance at Jan. 31, 2023	195,158	$ 14	271,276	(58,539)	$ (17,593)
Balance, shares at Jan. 31, 2023		14,369,000			1,113,000
Balance at Oct. 31, 2022	198,777	$ 14	270,220	(55,676)	$ (15,781)
Balance, shares at Oct. 31, 2022		14,353,000			921,000
Net loss	(2,863)			(2,863)
Stock-based compensation	1,065		1,065
Issuance of common stock under restricted stock unit awards, net of tax	(9)		(9)
Issuance of common stock under restricted stock unit awards, net of tax, shares		16,000
Repurchase of treasury stock	(1,812)				$ (1,812)
Repurchase of treasury stock, shares					192,000
Balance at Jan. 31, 2023	195,158	$ 14	271,276	(58,539)	$ (17,593)
Balance, shares at Jan. 31, 2023		14,369,000			1,113,000
Balance at Apr. 30, 2023	$ 191,864	$ 14	272,784	(62,375)	$ (18,559)
Balance, shares at Apr. 30, 2023	13,233,151	14,447,000			1,214,000
Net loss	$ (6,946)			(6,946)
Stock-based compensation	3,071		3,071
Shares issued under employee stock purchase plan	339		339
Shares issued under employee stock purchase plan, shares		47,000
Issuance of common stock under restricted stock unit awards, net of tax	(352)	$ 1	(353)
Issuance of common stock under restricted stock unit awards, net of tax, shares		133,000
Repurchase of treasury stock	(5,550)				$ (5,550)
Repurchase of treasury stock, shares					635,000
Balance at Jan. 31, 2024	$ 182,426	$ 15	275,841	(69,321)	$ (24,109)
Balance, shares at Jan. 31, 2024	12,778,097	14,627,000			1,849,000
Balance at Oct. 31, 2023	$ 185,991	$ 15	274,708	(66,411)	$ (22,321)
Balance, shares at Oct. 31, 2023		14,606,000			1,640,000
Net loss	(2,910)			(2,910)
Stock-based compensation	1,133		1,133
Issuance of common stock under restricted stock unit awards, net of tax, shares		21,000
Repurchase of treasury stock	(1,788)				$ (1,788)
Repurchase of treasury stock, shares					209,000
Balance at Jan. 31, 2024	$ 182,426	$ 15	$ 275,841	$ (69,321)	$ (24,109)
Balance, shares at Jan. 31, 2024	12,778,097	14,627,000			1,849,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Cash flows from operating activities:
Net loss	$ (6,946)	$ (8,188)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	11,919	12,556
Loss on sale/disposition of assets	7	94
Provision for credit losses on accounts receivable	9	12
Stock-based compensation expense	3,071	2,900
Changes in operating assets and liabilities:
Accounts receivable	(383)	3,725
Inventories	(282)	16,171
Prepaid expenses and other current assets	1,275	(1,172)
Income taxes	1,005	(183)
Accounts payable	(2,034)	(2,767)
Accrued payroll and incentives	1,205	(1,006)
Right of use assets	921	413
Accrued expenses	704	2,242
Other assets	110	43
Lease liabilities	(724)	(577)
Other non-current liabilities	(34)
Net cash provided by operating activities	9,823	24,263
Cash flows from investing activities:
Payments to acquire patents and software	(1,180)	(3,036)
Proceeds from sale of property and equipment	131	30
Payments to acquire property and equipment	(4,271)	(1,225)
Net cash used in investing activities	(5,320)	(4,231)
Cash flows from financing activities:
Payments on notes and loans payable	(5,000)	(15,170)
Payments to acquire treasury stock	(5,550)	(2,568)
Cash paid for debt issuance costs		(88)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan	339	287
Payment of employee withholding tax related to restricted stock units	(352)	(304)
Net cash used in financing activities	(10,563)	(17,843)
Net (decrease)/increase in cash and cash equivalents	(6,060)	2,189
Cash and cash equivalents, beginning of period	21,950	19,521
Cash and cash equivalents, end of period	15,890	21,710
Supplemental disclosure of cash flow information Cash paid for:
Interest	254	597
Income taxes (net of refunds)	(979)	86
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Purchases of property and equipment and intangibles included in accounts payable	146	341
Changes in right of use assets for operating lease obligations	10,701	130
Changes in lease liabilities for operating lease obligations	$ 10,701	$ 130

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,910)	$ (2,863)	$ (6,946)	$ (8,188)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jan. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization

Organization	9 Months Ended
	Jan. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	(1) Organization: American Outdoor Brands, Inc. (our “company,” “we,” “us,” or “our”) is 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 all our products as well as manufacture some of our electro-optics products at our facility in Columbia, Missouri. We also contract for the manufacture and assembly of most of our products with third parties located in Asia. 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, or Grilla, Hooyman, Imperial, LaserLyte, Lockdown, MEAT! Your Maker, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler, and we license additional brands for use in association with certain products we sell, including M&P, Smith & Wesson, Performance Center by Smith & Wesson, and Thompson/Center. 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, outdoor cooking, and camping 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 are used by consumers in situations that require self-defense and products that help safely secure, store, and maintain connectivity to those possessions that many consumers consider to be high value or high consequence.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jan. 31, 2024
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, 2023. 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 January 31, 2024, our condensed consolidated statement of operations for the three and nine months ended January 31, 2024 and 2023, and our condensed consolidated statement of cash flows for the nine months ended January 31, 2024 and 2023. The consolidated balance sheet as of April 30, 2023 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. 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. Revenue recorded excludes sales tax charged to retail customers as we are considered a pass-through conduit for collecting and remitting sales taxes. 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 January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change e-commerce channels net sales $ 24,881 $ 24,493 $ 388 1.6 % Traditional channels net sales 28,544 26,401 2,143 8.1 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % 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 operate primarily 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 January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Domestic net sales $ 51,006 $ 49,489 $ 1,517 3.1 % International net sales 2,419 1,405 1,014 72.2 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the three months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Shooting sports net sales $ 24,306 $ 22,581 $ 1,725 7.6 % Outdoor lifestyle net sales 29,119 28,313 806 2.8 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % The following table sets forth certain information regarding trade channel net sales for the nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change e-commerce channels net sales $ 66,720 $ 67,750 $ ( 1,030 ) - 1.5 % Traditional channels net sales 88,081 81,256 6,825 8.4 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 % 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 nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Domestic net sales $ 145,777 $ 141,871 $ 3,906 2.8 % International net sales 9,024 7,135 1,889 26.5 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 % The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Shooting sports net sales $ 67,752 $ 67,161 $ 591 0.9 % Outdoor lifestyle net sales 87,049 81,845 5,204 6.4 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 % Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"), which improves the transparency of income tax disclosures by requiring companies to (1) disclose consistent categories and greater disaggregation of information in the effective rate reconciliation and (2) provide information on income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, although early adoption is permitted. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the impact of adopting this ASU 2023-09 on our consolidated financial statements and disclosures. In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This ASU improves financial reporting by requiring disclosure of incremental segment information. The new guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU 2023-07 on our consolidated financial statements and disclosures.

Leases

Leases	9 Months Ended
	Jan. 31, 2024
Leases [Abstract]
Leases	(3) 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 January 31, 2024 and April 30, 2023 are as follows (in thousands): January 31, 2024 April 30, 2023 Operating Leases Right-of-use assets $ 37,539 $ 26,999 Accumulated amortization ( 3,561 ) ( 2,801 ) Right-of-use assets, net $ 33,978 $ 24,198 Lease liabilities, current portion $ 1,303 $ 904 Lease liabilities, net of current portion 33,642 24,064 Total operating lease liabilities $ 34,945 $ 24,968 On January 31, 2023, we entered an Assignment Agreement with our former parent company and RCS – S&W Facility, LLC to assign to us the rights of the tenant under the Lease Agreement, dated October 26, 2017, as amended by the First Amendment of Lease Agreement, dated October 25, 2018, and as further amended by the Second Amendment to Lease Agreement, dated January 31, 2019 (collectively, the “Lease”), which assignment was effective on January 1, 2024. The Lease covers approximately 632,000 square feet of building and surrounding property located at 1800 North Route Z, Columbia, Boone County, Missouri, or the Building, where we formerly subleased approximately 361,000 of the Building from our former parent company. We now lease the entire building and the Lease provides us with an option to expand the Building by up to 491,000 additional square feet. The terms of the Lease are consistent with the sublease agreement that we formerly had with our former parent company. The Lease term ends on November 26, 2038 and, pursuant to the Assignment Agreement, does not provide for an extension of the term of the Lease . We will receive tax and other incentives from federal, state, and local governmental authorities previously received by our former parent. Our former parent has guaranteed the Lease through the end of the term. During the three months ended January 31, 2024, we recorded a right-of-use asset and lease liability of $ 10.6 million for the additional space provided under the Assignment Agreement. For the three and nine months ended January 31, 2024, we recorded $ 868,000 and $ 2.5 million, respectively, of operating lease costs, of which $ 2,000 and $ 9,000 were short-term operating lease costs. For the three and nine months ended January 31, 2023, we recorded $ 1.1 million and $ 3.1 million, respectively, of operating lease costs, of which $ 43,000 and $ 131,000 were short-term operating lease costs. As of January 31, 2024, our weighted average lease term and weighted average discount rate for our operating leases were 14.8 years and 6.0 %, respectively. The operating lease costs, weighted average lease term, and weighted average discount rate, are primarily driven by the lease 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. Future lease payments for all our operating leases for the remainder of fiscal 2024 and for succeeding fiscal years, as of January 31, 2024, are as follows (in thousands): Operating 2024 $ 838 2025 3,354 2026 3,270 2027 3,299 2028 3,348 Thereafter 39,322 Total future lease payments 53,431 Less amounts representing interest ( 18,486 ) Present value of lease payments 34,945 Less current maturities of lease liabilities ( 1,303 ) Long-term maturities of lease liabilities $ 33,642 The operating cash flows used for operating leases was $ 724,000 and $ 577,000 for the nine months ended January 31, 2024 and 2023, respectively.

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Jan. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets, Net	(4) Intangible Assets, net: The following table summarizes intangible assets as of January 31, 2024 and April 30, 2023 (in thousands): January 31, 2024 April 30, 2023 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 89,980 $ ( 77,667 ) $ 12,313 $ 89,980 $ ( 74,035 ) $ 15,945 Developed software and technology 27,761 ( 19,697 ) 8,064 31,022 ( 21,978 ) 9,044 Patents, trademarks, and trade names 69,344 ( 48,541 ) 20,803 68,943 ( 44,042 ) 24,901 187,085 ( 145,905 ) 41,180 189,945 ( 140,055 ) 49,890 Patents and software in development 1,663 — 1,663 1,701 — 1,701 Total definite-lived intangible assets 188,748 ( 145,905 ) 42,843 191,646 ( 140,055 ) 51,591 Indefinite-lived intangible assets 430 — 430 430 — 430 Total intangible assets $ 189,178 $ ( 145,905 ) $ 43,273 $ 192,076 $ ( 140,055 ) $ 52,021 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, six years for developed software and technology, and six years for patents, trademarks, and trade names. Amortization expense amounted to $ 3.3 million and $ 3.6 million for the three months ended January 31, 2024 and 2023, respectively. Amortization expenses amounted to $ 9.7 million and $ 10.4 million for the nine months ended January 31, 2024 and 2023, respectively. Future expected amortization expense for the remainder of fiscal 2024 and for succeeding fiscal years, as of January 31, 2024, are as follows (in thousands): Fiscal Amount 2024 $ 3,292 2025 9,659 2026 8,310 2027 5,893 2028 4,486 Thereafter 9,540 Total $ 41,180

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Jan. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurement	(5) 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 $ 15.9 million as of January 31, 2024 and $ 22.0 million as of April 30, 2023. 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). 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 January 31, 2024.

Inventories

Inventories	9 Months Ended
	Jan. 31, 2024
Inventory Disclosure [Abstract]
Inventories	(6) Inventories: The following table sets forth a summary of inventories, stated at lower of cost or net realizable value, as of January 31, 2024 and April 30, 2023 (in thousands): January 31, 2024 April 30, 2023 Finished goods $ 89,917 $ 90,906 Finished parts 2,775 2,818 Work in process 69 66 Raw material 7,255 5,944 Total inventories $ 100,016 $ 99,734 Certain of our suppliers in Asia require deposits to procure our inventory prior to beginning the manufacturing process. These deposits on our inventory varies by supplier and range from 30 % to 100 %. As of January 31, 2024 and April 30, 2023, we have recorded $ 3.8 million and $ 4.3 million, respectively, of inventory on deposit in prepaid expenses and other current assets on our consolidated balance sheet.

Debt

Debt	9 Months Ended
	Jan. 31, 2024
Debt Disclosure [Abstract]
Debt	(7) 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 January 31, 2024, we had no borrowings outstanding on the revolving line of credit. If we would have had borrowings at January 31, 2023, those borrowings would have borne interest at approximately 6.82 %, which is equal to SOFR plus the applicable margin. In the fiscal year ended April 30, 2023, we executed an irrevocable standby letter of credit for $ 1.7 million to collateralize duty drawback bonds. During the three months ended January 31, 2024, no amounts have been drawn on the letter of credit.

Equity

Equity	9 Months Ended
	Jan. 31, 2024
Equity [Abstract]
Equity	(8) 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, in block purchases, or in privately negotiated transactions. This authorization expired on September 29, 2023 . On October 2, 2023, 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, in block purchases, or in privately negotiated transactions, executable through September 30, 2024 . During the three and nine months ended January 31, 2024, under these authorizations, we repurchased 209,548 and 635,075 shares, respectively, of our common stock for $ 1.8 million and $ 5.6 million, respectively, 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. All of our outstanding restricted stock units, or RSUs, were included in the computation of diluted earnings per share for the three and nine months ended January 31, 2024 and 2023. Due to the loss from operations for the three and nine months ended January 31, 2024 and 2023, there are no common shares added to calculate dilutive earnings per share because the effect would be anti-dilutive. 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. 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 three or four years with one-third or one-fourth of the units vesting on each anniversary of the grant date, respectively. 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 Nine Months ended January 31, 2024 2023 Grant date fair market value American Outdoor Brands, Inc. $ 8.79 $ 12.70 Russell 2000 Index $ 1,769.21 $ 1,882.91 Volatility (a) American Outdoor Brands, Inc. 45.53 % 49.04 % Russell 2000 Index 27.08 % 31.75 % Correlation coefficient (b) 0.48 0.50 Risk-free interest rate (c) 3.81 % 2.91 % 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 nine months ended January 31, 2024, we granted an aggregate of 75,894 PSUs to our executive officers. We also granted 318,947 RSUs during the nine months ended January 31, 2023, including 103,118 RSUs to executive officers and 215,829 to non-executive officer employees and directors under our 2020 Incentive Compensation Plan. During the nine months ended January 31, 2024, 79,131 PSUs were cancelled, at target, as a result of the performance condition not being met, and 22,201 RSUs were cancelled as a result of the service condition not being met. In connection with the vesting of RSUs, during the nine months ended January 31, 2024, we delivered common stock to our employees, including our executive officers and directors with a total market value of $ 1.3 million. During the nine months ended January 31, 2023, we granted an aggregate of 52,277 market-condition PSUs to our executive officers. We also granted 264,898 service-based RSUs during the nine months ended January 31, 2023, including 52,277 RSUs to executive officers and 212,621 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 market-condition 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 nine months ended January 31, 2023, we cancelled 7,094 service-based RSUs as a result of the service condition not being met. In connection with the vesting of RSUs, during the nine months ended January 31, 2023, we delivered common stock to our employees, including our executive officers and directors with a total market value of $ 1.3 million. We recognized $ 1.1 million of stock-based compensation expense for the three months ended January 31, 2024 and 2023. We recognized $ 3.1 million and $ 2.9 million of stock-based compensation expense for the nine months ended January 31, 2024 and 2023, respectively. We include stock-based compensation expense in the cost of sales, sales and marketing, research and development, and general and administrative expenses A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the nine months ended January 31, 2024 and 2023 is as follows: For the Nine Months Ended January 31, 2024 2023 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 560,579 $ 13.36 349,774 $ 15.93 Awarded 395,384 8.69 323,375 10.87 Vested ( 174,415 ) 11.69 ( 123,223 ) 13.33 Forfeited ( 116,555 ) 12.58 ( 7,094 ) 15.22 RSUs and PSUs outstanding, end of period 664,993 $ 11.16 542,832 $ 13.51 As of January 31, 2024, there was $ 2.6 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 1.2 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 nine months ended January 31, 2024, 47,466 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 nine months ended January 31, 2024 and 2023: For the Nine Months ended January 31, 2024 2023 Risk-free interest rate 5.46 % - 5.53 % 3.97 % - 4.01 % Expected term 6 months - 12 months 6 months - 12 months Expected volatility 43.2 % - 48.9 % 51.9 % - 58.4 % Dividend yield 0 % 0 %

Accrued Expenses

Accrued Expenses	9 Months Ended
	Jan. 31, 2024
Payables and Accruals [Abstract]
Accrued Expenses	(9) Accrued Expenses: The following table sets forth other accrued expenses as of January 31, 2024 and April 30, 2023 (in thousands): January 31, 2024 April 30, 2023 Accrued freight $ 2,603 $ 1,962 Accrued sales allowances 2,308 2,453 Accrued commissions 1,359 1,072 Accrued warranty 1,103 966 Accrued professional fees 926 1,106 Accrued employee benefits 597 568 Accrued taxes other than income 286 346 Accrued other 263 268 Total accrued expenses $ 9,445 $ 8,741

Income Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(10) 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 expense/(benefit) of $ 13,000 and ($ 125,000 ) for the three months ended January 31, 2024 and 2023, respectively. The effective tax rate for the three months ended January 31, 2024 and 2023 was ( 0.4 %) and 4.2 %, respectively. We recorded income tax expense/(benefit) of $ 28,000 and ($ 98,000 ) for the nine months ended January 31, 2024 and 2023, respectively. The effective tax rate for the nine months ended January 31, 2024 and 2023 was ( 0.4 %) and 1.2 %, respectively. Income tax benefit for the nine months ended January 31, 2023 included a discrete tax benefit of $ 127,000 associated with return to provision adjustments relating to the Federal tax return filed for the prior fiscal year. On March 7, 2023, the Internal Revenue Service (“IRS”) initiated an examination of our Federal income tax return filed for the tax period ended April 30, 2021. During the three months ended January 31, 2024, we were notified by the IRS that they had concluded their examination. As a result of their examination procedures, there was no impact to our condensed consolidated financial statements.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jan. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(11) 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 months and nine months ended January 31, 2024 and 2023, 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 sell 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	9 Months Ended
	Jan. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	(12) 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 as well as our electro-optics products, which we develop, source, market, assemble, and distribute from our facility in Columbia, Missouri. We report operating costs based on the activities performed.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jan. 31, 2024
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, 2023. 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 January 31, 2024, our condensed consolidated statement of operations for the three and nine months ended January 31, 2024 and 2023, and our condensed consolidated statement of cash flows for the nine months ended January 31, 2024 and 2023. The consolidated balance sheet as of April 30, 2023 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.
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. Revenue recorded excludes sales tax charged to retail customers as we are considered a pass-through conduit for collecting and remitting sales taxes. 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 January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change e-commerce channels net sales $ 24,881 $ 24,493 $ 388 1.6 % Traditional channels net sales 28,544 26,401 2,143 8.1 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % 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 operate primarily 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 January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Domestic net sales $ 51,006 $ 49,489 $ 1,517 3.1 % International net sales 2,419 1,405 1,014 72.2 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the three months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Shooting sports net sales $ 24,306 $ 22,581 $ 1,725 7.6 % Outdoor lifestyle net sales 29,119 28,313 806 2.8 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % The following table sets forth certain information regarding trade channel net sales for the nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change e-commerce channels net sales $ 66,720 $ 67,750 $ ( 1,030 ) - 1.5 % Traditional channels net sales 88,081 81,256 6,825 8.4 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 % 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 nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Domestic net sales $ 145,777 $ 141,871 $ 3,906 2.8 % International net sales 9,024 7,135 1,889 26.5 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 % The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Shooting sports net sales $ 67,752 $ 67,161 $ 591 0.9 % Outdoor lifestyle net sales 87,049 81,845 5,204 6.4 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 %
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"), which improves the transparency of income tax disclosures by requiring companies to (1) disclose consistent categories and greater disaggregation of information in the effective rate reconciliation and (2) provide information on income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, although early adoption is permitted. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the impact of adopting this ASU 2023-09 on our consolidated financial statements and disclosures. In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This ASU improves financial reporting by requiring disclosure of incremental segment information. The new guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU 2023-07 on our consolidated financial statements and disclosures.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Jan. 31, 2024
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 January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change e-commerce channels net sales $ 24,881 $ 24,493 $ 388 1.6 % Traditional channels net sales 28,544 26,401 2,143 8.1 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % The following table sets forth certain information regarding trade channel net sales for the nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change e-commerce channels net sales $ 66,720 $ 67,750 $ ( 1,030 ) - 1.5 % Traditional channels net sales 88,081 81,256 6,825 8.4 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 %
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 January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Domestic net sales $ 51,006 $ 49,489 $ 1,517 3.1 % International net sales 2,419 1,405 1,014 72.2 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Domestic net sales $ 145,777 $ 141,871 $ 3,906 2.8 % International net sales 9,024 7,135 1,889 26.5 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 %
Schedule of Net Sales in Product Categories	The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the three months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Shooting sports net sales $ 24,306 $ 22,581 $ 1,725 7.6 % Outdoor lifestyle net sales 29,119 28,313 806 2.8 % Total net sales $ 53,425 $ 50,894 $ 2,531 5.0 % The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the nine months ended January 31, 2024 and 2023 (dollars in thousands): 2024 2023 $ Change % Change Shooting sports net sales $ 67,752 $ 67,161 $ 591 0.9 % Outdoor lifestyle net sales 87,049 81,845 5,204 6.4 % Total net sales $ 154,801 $ 149,006 $ 5,795 3.9 %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jan. 31, 2024
Leases [Abstract]
Schedule of Assets and Liabilities Related to Operating Leases	The amounts of assets and liabilities related to our operating leases as of January 31, 2024 and April 30, 2023 are as follows (in thousands): January 31, 2024 April 30, 2023 Operating Leases Right-of-use assets $ 37,539 $ 26,999 Accumulated amortization ( 3,561 ) ( 2,801 ) Right-of-use assets, net $ 33,978 $ 24,198 Lease liabilities, current portion $ 1,303 $ 904 Lease liabilities, net of current portion 33,642 24,064 Total operating lease liabilities $ 34,945 $ 24,968
Schedule of Future Lease Payments for Operating Leases	Future lease payments for all our operating leases for the remainder of fiscal 2024 and for succeeding fiscal years, as of January 31, 2024, are as follows (in thousands): Operating 2024 $ 838 2025 3,354 2026 3,270 2027 3,299 2028 3,348 Thereafter 39,322 Total future lease payments 53,431 Less amounts representing interest ( 18,486 ) Present value of lease payments 34,945 Less current maturities of lease liabilities ( 1,303 ) Long-term maturities of lease liabilities $ 33,642

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Jan. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Summary of Intangible Assets	The following table summarizes intangible assets as of January 31, 2024 and April 30, 2023 (in thousands): January 31, 2024 April 30, 2023 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 89,980 $ ( 77,667 ) $ 12,313 $ 89,980 $ ( 74,035 ) $ 15,945 Developed software and technology 27,761 ( 19,697 ) 8,064 31,022 ( 21,978 ) 9,044 Patents, trademarks, and trade names 69,344 ( 48,541 ) 20,803 68,943 ( 44,042 ) 24,901 187,085 ( 145,905 ) 41,180 189,945 ( 140,055 ) 49,890 Patents and software in development 1,663 — 1,663 1,701 — 1,701 Total definite-lived intangible assets 188,748 ( 145,905 ) 42,843 191,646 ( 140,055 ) 51,591 Indefinite-lived intangible assets 430 — 430 430 — 430 Total intangible assets $ 189,178 $ ( 145,905 ) $ 43,273 $ 192,076 $ ( 140,055 ) $ 52,021
Schedule of Future Expected Amortization Expense	Future expected amortization expense for the remainder of fiscal 2024 and for succeeding fiscal years, as of January 31, 2024, are as follows (in thousands): Fiscal Amount 2024 $ 3,292 2025 9,659 2026 8,310 2027 5,893 2028 4,486 Thereafter 9,540 Total $ 41,180

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jan. 31, 2024
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 January 31, 2024 and April 30, 2023 (in thousands): January 31, 2024 April 30, 2023 Finished goods $ 89,917 $ 90,906 Finished parts 2,775 2,818 Work in process 69 66 Raw material 7,255 5,944 Total inventories $ 100,016 $ 99,734

Equity (Tables)

Equity (Tables)	9 Months Ended
	Jan. 31, 2024
Share Based Payment Award Performance Shares Valuation Assumptions	We incorporate the following variables into the valuation model: For the Nine Months ended January 31, 2024 2023 Grant date fair market value American Outdoor Brands, Inc. $ 8.79 $ 12.70 Russell 2000 Index $ 1,769.21 $ 1,882.91 Volatility (a) American Outdoor Brands, Inc. 45.53 % 49.04 % Russell 2000 Index 27.08 % 31.75 % Correlation coefficient (b) 0.48 0.50 Risk-free interest rate (c) 3.81 % 2.91 % 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 nine months ended January 31, 2024 and 2023: For the Nine Months ended January 31, 2024 2023 Risk-free interest rate 5.46 % - 5.53 % 3.97 % - 4.01 % Expected term 6 months - 12 months 6 months - 12 months Expected volatility 43.2 % - 48.9 % 51.9 % - 58.4 % 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 nine months ended January 31, 2024 and 2023 is as follows: For the Nine Months Ended January 31, 2024 2023 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 560,579 $ 13.36 349,774 $ 15.93 Awarded 395,384 8.69 323,375 10.87 Vested ( 174,415 ) 11.69 ( 123,223 ) 13.33 Forfeited ( 116,555 ) 12.58 ( 7,094 ) 15.22 RSUs and PSUs outstanding, end of period 664,993 $ 11.16 542,832 $ 13.51

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Jan. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	The following table sets forth other accrued expenses as of January 31, 2024 and April 30, 2023 (in thousands): January 31, 2024 April 30, 2023 Accrued freight $ 2,603 $ 1,962 Accrued sales allowances 2,308 2,453 Accrued commissions 1,359 1,072 Accrued warranty 1,103 966 Accrued professional fees 926 1,106 Accrued employee benefits 597 568 Accrued taxes other than income 286 346 Accrued other 263 268 Total accrued expenses $ 9,445 $ 8,741

Organization - Additional Infor

Organization - Additional Information (Details)	9 Months Ended
	Jan. 31, 2024 BrandLane
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of brand lanes	4

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Details)	9 Months Ended
	Jan. 31, 2024
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		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 53,425	$ 50,894	$ 154,801	$ 149,006
Change in Total net sales	$ 2,531		$ 5,795
% Change in Total net sales	5%		3.90%
E Commerce Channels Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 24,881	24,493	$ 66,720	67,750
Change in Total net sales	$ 388		$ (1,030)
% Change in Total net sales	1.60%		(1.50%)
Traditional Channels Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 28,544	$ 26,401	$ 88,081	$ 81,256
Change in Total net sales	$ 2,143		$ 6,825
% Change in Total net sales	8.10%		8.40%

Basis of Presentation - Sched_2

Basis of Presentation - Schedule of Geographic Makeup of Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 53,425	$ 50,894	$ 154,801	$ 149,006
Change in Total net sales	$ 2,531		$ 5,795
% Change in Total net sales	5%		3.90%
Domestic Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 51,006	49,489	$ 145,777	141,871
Change in Total net sales	$ 1,517		$ 3,906
% Change in Total net sales	3.10%		2.80%
International Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 2,419	$ 1,405	$ 9,024	$ 7,135
Change in Total net sales	$ 1,014		$ 1,889
% Change in Total net sales	72.20%		26.50%

Basis of Presentation - Sched_3

Basis of Presentation - Schedule of Net Sales in Product Categories (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 53,425	$ 50,894	$ 154,801	$ 149,006
Change in Total net sales	$ 2,531		$ 5,795
% Change in Total net sales	5%		3.90%
Shooting Sports Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 24,306	22,581	$ 67,752	67,161
Change in Total net sales	$ 1,725		$ 591
% Change in Total net sales	7.60%		0.90%
Outdoor Lifestyle Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 29,119	$ 28,313	$ 87,049	$ 81,845
Change in Total net sales	$ 806		$ 5,204
% Change in Total net sales	2.80%		6.40%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details)	9 Months Ended
	Jan. 31, 2024 USD ($)
Business Acquisition [Line Items]
Weighted average life of tradename acquired	5 years
Revolving Line of Credit
Business Acquisition [Line Items]
Revolving line of credit	$ 0

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities Related to Operating Leases (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Operating Leases
Right-of-use assets	$ 37,539	$ 26,999
Accumulated amortization	(3,561)	(2,801)
Right-of-use assets, net	33,978	24,198
Lease liabilities, current portion	1,303	904
Lease liabilities, net of current portion	33,642	24,064
Total operating lease liabilities	$ 34,945	$ 24,968

Leases - Additional Information

Leases - Additional Information (Details)		3 Months Ended		9 Months Ended
	Jan. 01, 2024 ft²	Jan. 31, 2024 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2024 USD ($)	Jan. 31, 2023 USD ($)	Apr. 30, 2023 USD ($)
Lessee Lease Description [Line Items]
Operating lease cost		$ 868,000	$ 1,100,000	$ 2,500,000	$ 3,100,000
Short-term operating lease costs		$ 2,000	$ 43,000	$ 9,000	131,000
Operating lease, weighted average lease term		14 years 9 months 18 days		14 years 9 months 18 days
Operating lease, weighted average discount rate		6%		6%
Operating right-of-use lease asset		$ 33,978,000		$ 33,978,000		$ 24,198,000
Operating lease, liability		34,945,000		34,945,000		$ 24,968,000
Cash paid for amounts included in measurement of liabilities and operating cash flows				$ 724,000	$ 577,000
Description of lease				On January 31, 2023, we entered an Assignment Agreement with our former parent company and RCS – S&W Facility, LLC to assign to us the rights of the tenant under the Lease Agreement, dated October 26, 2017, as amended by the First Amendment of Lease Agreement, dated October 25, 2018, and as further amended by the Second Amendment to Lease Agreement, dated January 31, 2019 (collectively, the “Lease”), which assignment was effective on January 1, 2024.
Building
Lessee Lease Description [Line Items]
Operating right-of-use lease asset		10,600,000		$ 10,600,000
Operating lease, liability		$ 10,600,000		$ 10,600,000
Option to extend lease				does not provide for an extension of the term of the Lease
Number of square feet | ft²	632,000
Sublease, number of square feet | ft²	361,000
Additional number of Square feet | ft²	491,000
Lease expiration date	Nov. 26, 2038

Leases - Schedule of Future Lea

Leases - Schedule of Future Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Operating
2024	$ 838
2025	3,354
2026	3,270
2027	3,299
2028	3,348
Thereafter	39,322
Total future lease payments	53,431
Less amounts representing interest	(18,486)
Total operating lease liabilities	34,945	$ 24,968
Less current maturities of lease liabilities	(1,303)	(904)
Long-term maturities of lease liabilities	$ 33,642	$ 24,064

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	$ 188,748	$ 191,646
Total definite-lived intangible assets, Accumulated Amortization	(145,905)	(140,055)
Total	42,843	51,591
Indefinite-lived intangible assets, Net Carrying Amount	430	430
Total Intangible assets, Gross Carrying Amount	189,178	192,076
Total Intangible assets, Net Carrying Amount	43,273	52,021
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	(77,667)	(74,035)
Total	12,313	15,945
Developed Software and Technology
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	27,761	31,022
Total definite-lived intangible assets, Accumulated Amortization	(19,697)	(21,978)
Total	8,064	9,044
Patents, Trademarks, and Trade Names
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	69,344	68,943
Total definite-lived intangible assets, Accumulated Amortization	(48,541)	(44,042)
Total	20,803	24,901
Definite-lived Intangible Assets Excluding Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	187,085	189,945
Total definite-lived intangible assets, Accumulated Amortization	(145,905)	(140,055)
Total	41,180	49,890
Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,663	1,701
Total	$ 1,663	$ 1,701

Intangible Assets, Net - Additi

Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 3.3	$ 3.6	$ 9.7	$ 10.4
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			6 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	Jan. 31, 2024	Apr. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Total	$ 42,843	$ 51,591
Definite-lived Intangible Assets Excluding Patents in Progress
Finite-Lived Intangible Assets [Line Items]
2024	3,292
2025	9,659
2026	8,310
2027	5,893
2028	4,486
Thereafter	9,540
Total	$ 41,180	$ 49,890

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - USD ($)	Jan. 31, 2024	Apr. 30, 2023
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	$ 15,900,000	$ 22,000,000

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 89,917	$ 90,906
Finished parts	2,775	2,818
Work in process	69	66
Raw material	7,255	5,944
Total inventories	$ 100,016	$ 99,734

Inventories - Additional Inform

Inventories - Additional Information (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Inventory [Line Items]
Prepaid expenses and other current assets	$ 6,564	$ 7,839
Asia
Inventory [Line Items]
Prepaid expenses and other current assets	$ 3,800	$ 4,300
Asia | Maximum
Inventory [Line Items]
Percentage of inventory deposits	100%
Asia | Minimum
Inventory [Line Items]
Percentage of inventory deposits	30%

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)			9 Months Ended
	Mar. 25, 2022	Aug. 24, 2020	Jan. 31, 2024	Apr. 30, 2023
Revolving Line of Credit
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			$ 0
Revolving Line of Credit | Minimum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	0.25%
Revolving Line of Credit | Maximum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	1.75%
Revolving Line of Credit | SOFR
Debt Instrument [Line Items]
Borrowings interest rate			6.82%
Standby Letter of Credit
Debt Instrument [Line Items]
Revolving line of credit, borrowing capacity				$ 1,700,000
Revolving line of credit			$ 0

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)			3 Months Ended		9 Months Ended
	Oct. 02, 2023	Sep. 30, 2022	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, expire period	Sep. 30, 2024	Sep. 29, 2023
Stock repurchase program, repurchased shares			209,548		635,075
Stock repurchased, shares			$ 1,788,000	$ 1,812,000	$ 5,550,000	$ 2,568,000
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	0	0	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					47,466
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			2,600,000		$ 2,600,000
Unvested awards, unrecognized compensation expense recognition period					1 year 2 months 12 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 description					RSU grants to employees generally vest over a period of three or four years with one-third or one-fourth of the units vesting on each anniversary of the grant date, respectively.
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	$ 1,100,000	$ 3,100,000	$ 2,900,000
2020 Incentive Compensation Plan | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled					22,201
2020 Incentive Compensation Plan | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled						7,094
2020 Incentive Compensation Plan | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled					79,131
2020 Incentive Compensation Plan | Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					395,384	323,375
Awards vested					174,415	123,223
Awards cancelled					116,555	7,094
2020 Incentive Compensation Plan | Executive Officers | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					103,118
2020 Incentive Compensation Plan | Executive Officers | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted						52,277
2020 Incentive Compensation Plan | Executive Officers | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					75,894	52,277
2020 Incentive Compensation Plan | Executive Officers and Non-Executive Officer Employees | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted						318,947
2020 Incentive Compensation Plan | Executive Officers and Non-Executive Officer Employees | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted						264,898
2020 Incentive Compensation Plan | Non-executive Officer Employees | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					215,829
2020 Incentive Compensation Plan | Non-executive Officer Employees | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted						212,621
2020 Incentive Compensation Plan | Employees, Executive Officers and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Market value of awards delivered in connection with vesting of RSUs					$ 1,300,000	$ 1,300,000
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	$ 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 | Employees and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
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 | Employees and Directors | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period					3 years

Equity - Share Based Payment Aw

Equity - Share Based Payment Award Performance Shares Valuation Assumptions (Details) - PSUs		9 Months Ended
		Jan. 31, 2024 CorrelationCoefficient $ / shares	Jan. 31, 2023 CorrelationCoefficient $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Correlation coefficient | CorrelationCoefficient	[1]	0.48	0.5
Risk-free interest rate	[2]	3.81%	2.91%
Dividend yield	[3]	0%	0%
American Outdoor Brands, Inc.
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value		$ 8.79	$ 12.7
Volatility	[4]	45.53%	49.04%
Russell 2000 Index
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value		$ 1,769.21	$ 1,882.91
Volatility	[4]	27.08%	31.75%
[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	9 Months Ended
	Jan. 31, 2024
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	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs and PSUs outstanding, beginning of period, Total # of restricted stock units	560,579	349,774
Awarded, Total # of restricted stock units	395,384	323,375
Vested, Total # of restricted stock units	(174,415)	(123,223)
Forfeited, Total # of restricted stock units	(116,555)	(7,094)
RSUs and PSUs outstanding, end of period, Total # of restricted stock units	664,993	542,832
Weighted average grant date fair value, beginning of period	$ 13.36	$ 15.93
Weighted average grant date fair value, Awarded	8.69	10.87
Weighted average grant date fair value, Vested	11.69	13.33
Weighted average grant date fair value, Forfeited	12.58	15.22
Weighted average grant date fair value, end of period	$ 11.16	$ 13.51

Equity - Summary of Assumptions

Equity - Summary of Assumptions Used In Valuing ESPP Purchase Under ESPP (Details) - 2020 Employee Stock Purchase Plan	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate, minimum	5.46%	3.97%
Risk-free interest rate, maximum	5.53%	4.01%
Expected volatility, minimum	43.20%	51.90%
Expected volatility, maximum	48.90%	58.40%
Dividend yield	0%	0%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	6 months	6 months
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	12 months	12 months

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Payables and Accruals [Abstract]
Accrued freight	$ 2,603	$ 1,962
Accrued sales allowances	2,308	2,453
Accrued commissions	1,359	1,072
Accrued warranty	1,103	966
Accrued professional fees	926	1,106
Accrued employee benefits	597	568
Accrued taxes other than income	286	346
Accrued other	263	268
Total accrued expenses	$ 9,445	$ 8,741

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Income tax expense/(benefit)	$ 13,000	$ (125,000)	$ 28,000	$ (98,000)
Effective tax rate	(0.40%)	4.20%	(0.40%)	1.20%
Discrete tax expense				$ 127,000

Commitments and Contingencies -

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

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	9 Months Ended
	Jan. 31, 2024 Segment Brand BrandLane
Segment Reporting [Abstract]
Number of operating segments | Segment	1
Number of distinct brands | Brand	21
Number of brand lanes | BrandLane	4