American Outdoor Brands (AOUT) 10-K 15 Jul 21 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2021	Jul. 06, 2021	Oct. 30, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Registrant Name	American Outdoor Brands, Inc.
Entity Central Index Key	0001808997
Current Fiscal Year End Date	--04-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-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 Annual Report	true
Document Transition Report	false
Entity Common Stock Shares Outstanding		14,094,318
Entity Public Float			$ 209,223,268
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	AOUT
Security Exchange Name	NASDAQ
ICFR Auditor Attestation Flag	false
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement for the 2021 Annual Meeting of Stockholders are incorporated by reference into Part III of the Form 10-K.

CONSOLIDATED AND COMBINED BALAN

CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Current assets:
Cash and cash equivalents	$ 60,801	$ 234
Accounts receivable, net of allowance for credit losses of $119 on April 30, 2021 and $448 on April 30, 2020	42,261	35,096
Inventories	74,296	59,999
Prepaid expenses and other current assets	2,324	3,244
Income tax receivable	149	104
Total current assets	179,831	98,677
Property, plant, and equipment, net	10,992	9,677
Intangible assets, net	53,643	69,152
Goodwill	64,315	64,315
Right-of-use assets	25,375	2,772
Deferred income taxes	6,683	3,580
Other assets	424	242
Total assets	341,263	248,415
Current liabilities:
Accounts payable	16,021	8,936
Accrued expenses	9,843	7,655
Accrued payroll and incentives	6,774	3,249
Lease liabilities, current	1,771	1,324
Accrued profit sharing	1,933	217
Total current liabilities	36,342	21,381
Lease liabilities, net of current portion	24,780	2,830
Other non-current liabilities	236	106
Total liabilities	61,358	24,317
Commitments and contingencies (Note 15)
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, 14,059,440 shares issued and outstanding on April 30, 2021	14
Former net parent company investment		224,098
Additional paid in capital	265,362
Retained earnings	14,529
Total equity	279,905	224,098
Total liabilities and equity	$ 341,263	$ 248,415

CONSOLIDATED AND COMBINED BAL_2

CONSOLIDATED AND COMBINED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Statement Of Financial Position [Abstract]
Allowance for credit losses	$ 119	$ 448
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
Common stock, issued	14,059,440
Common stock, outstanding	14,059,440

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Income Statement [Abstract]
Net sales (including $2.4 million of related party sales for the four months of our fiscal year 2021 prior to the Separation, and $15.1 million and $17.5 million of related party sales for fiscal year 2020 and 2019, respectively)	$ 276,687,000	$ 167,379,000	$ 177,363,000
Cost of sales	149,859,000	96,363,000	93,889,000
Gross profit	126,828,000	71,016,000	83,474,000
Operating expenses:
Research and development	5,378,000	4,995,000	4,859,000
Selling, marketing, and distribution	56,773,000	38,596,000	31,955,000
General and administrative	41,182,000	41,292,000	50,329,000
Goodwill impairment	0	98,929,000	10,396,000
Total operating expenses	103,333,000	183,812,000	97,539,000
Operating income/(loss)	23,495,000	(112,796,000)	(14,065,000)
Other income/(expense), net:
Other income/(expense), net	497,000	(21,000)	54,000
Interest income/(expense), net	300,000	4,963,000	5,224,000
Total other income/(expense), net	797,000	4,942,000	5,278,000
Income/(loss) from operations before income taxes	24,292,000	(107,854,000)	(8,787,000)
Income tax expense/(benefit)	5,887,000	(11,653,000)	734,000
Net income/(loss)/comprehensive income/(loss)	$ 18,405,000	$ (96,201,000)	$ (9,521,000)
Net income/(loss) per share:
Basic	$ 1.31	$ (6.88)	$ (0.68)
Diluted	$ 1.29	$ (6.88)	$ (0.68)
Weighted average number of common shares outstanding:
Basic	13,997,000	13,975,000	13,975,000
Diluted	14,225,000	13,975,000	13,975,000

CONSOLIDATED AND COMBINED STA_2

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Income Statement [Abstract]
Related party sales	$ 2.4	$ 15.1	$ 17.5

CONSOLIDATED AND COMBINED STA_3

CONSOLIDATED AND COMBINED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Former Net Parent Company Investment	Additional Paid-In Capital	Retained Earnings
Balance at Apr. 30, 2018	$ 331,335		$ 331,335
Balance (Adjustments for New Accounting Pronouncement) at Apr. 30, 2018	(430)		(430)
Net (loss)/income	(9,521)		(9,521)
Net transfers from (to) former Parent	3,230		3,230
Balance at Apr. 30, 2019	324,614		324,614
Net (loss)/income	(96,201)		(96,201)
Net transfers from (to) former Parent	(4,315)		(4,315)
Balance at Apr. 30, 2020	224,098		224,098
Net (loss)/income	18,405		3,876		$ 14,529
Stock-based compensation	2,486			$ 2,486
Shares issued under employee stockpurchase plan	386			386
Shares issued under employee stock purchase plan (in shares)		35,000
Issuance of common stock under restricted stock unit awards, net of tax	(33)			(33)
Issuance of common stock under restricted stock unit awards, net of tax, shares		49,000
Net transfers from (to) former Parent	34,563		34,563
Issuance of common stock andreclassification of formernet parent company investment		$ 14	$ (262,537)	262,523
Issuance of common stock under restricted stock unit awards, net of tax, shares		13,975,000
Balance at Apr. 30, 2021	$ 279,905	$ 14		$ 265,362	$ 14,529
Balance (in shares) at Apr. 30, 2021	14,059,440	14,059,000

CONSOLIDATED AND COMBINED STA_4

CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Cash flows from operating activities:
Net income/(loss)	$ 18,405,000	$ (96,201,000)	$ (9,521,000)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Depreciation and amortization	19,827,000	23,639,000	24,990,000
Loss on sale/disposition of assets	107,000	819,000	113,000
Provision for losses on accounts receivable	(48,000)	688,000	33,000
Impairment of long-lived tangible assets		720,000
Goodwill impairment	0	98,929,000	10,396,000
Deferred income taxes	(3,103,000)	(12,499,000)	(2,816,000)
Change in fair value of contingent consideration			(60,000)
Stock-based compensation expense	2,910,000	850,000	2,274,000
Changes in operating assets and liabilities:
Accounts receivable	(7,117,000)	(8,763,000)	135,000
Inventories	(14,297,000)	942,000	(18,358,000)
Prepaid expenses and other current assets	(1,042,000)	(250,000)	(1,629,000)
Income taxes	(45,000)	(132,000)	82,000
Accounts payable	7,632,000	12,000	(1,473,000)
Accrued payroll and incentives	4,751,000	(1,397,000)	2,159,000
Right of use assets	1,337,000	939,000
Accrued profit sharing	1,716,000	(61,000)	161,000
Accrued expenses	3,691,000	1,434,000	(2,471,000)
Other assets	9,000	(55,000)	9,000
Lease liabilities	(1,543,000)	(1,146,000)
Other non-current liabilities	130,000	(21,000)	(211,000)
Net cash provided by operating activities	33,320,000	8,447,000	3,813,000
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired			(1,772,000)
Payments to acquire patents and software	(558,000)	(383,000)	(863,000)
Payments to acquire property and equipment	(3,623,000)	(1,480,000)	(1,889,000)
Net cash used in investing activities	(4,181,000)	(1,863,000)	(4,524,000)
Cash flows from financing activities:
Net transfers from/(to) former Parent	31,485,000	(6,512,000)	873,000
Cash paid for debt issuance costs	(410,000)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan	386,000
Payment of employee withholding tax related to restricted stock units	(33,000)
Net cash provided by/(used in) financing activities	31,428,000	(6,512,000)	873,000
Net increase in cash and cash equivalents	60,567,000	72,000	162,000
Cash and cash equivalents, beginning of period	234,000	162,000
Cash and cash equivalents, end of period	60,801,000	234,000	$ 162,000
Supplemental disclosure of cash flow information Cash paid for:
Interest	111,000
Income taxes	7,951,000
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Purchases of property and equipment included in accounts payable	254,000	54,000
Non-cash transfers to/from former Parent	1,398,000
Changes in right of use assets for operating lease obligations	23,940,000	3,369,000
Changes in lease liabilities for operating lease obligations	$ 23,940,000	$ 4,449,000

Background and Basis of Present

Background and Basis of Presentation	12 Months Ended
	Apr. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Background and Basis of Presentation	1. Background and Basis of Presentation Background On August 24, 2020, Smith & Wesson Brands, Inc., or our former parent company, completed the spin-off of its outdoor products and accessories business to us, or the Separation. The Separation was effected through the transfer of all of the assets and legal entities, subject to any related liabilities, associated with its outdoor products and accessories business to us, or the Transfer, and the distribution of all the outstanding shares of our common stock to the holder of the common stock of our former parent company, or the Distribution, as of the close of business on August 10, 2020, the record date for the Distribution, or the Record Date. As a result of the Separation, we became an independent public company and our common stock became listed under the symbol “AOUT” on the Nasdaq Global Select Market. Prior to the Separation, the combined financial statements reflected the financial position, results of operations, and cash flows for the periods presented as historically managed by our former parent. For those periods prior to the Separation, the combined financial statements were prepared on a “carve-out” basis as described below. In connection with the Separation, we entered into several agreements with our former parent that govern the relationship of the parties following the Separation, including a Separation and Distribution Agreement, a Tax Matters Agreement, a Transition Services Agreement, a Trademark License Agreement, and an Employee Matters Agreement. Under the terms of the Transition Services Agreement, our former parent and we have agreed to provide each other certain transitional services, including information technology, information management, and other limited human resources, legal, compliance, and finance and accounting related services for a certain period following the Separation. We have also entered into certain commercial arrangements with our former parent. Expense reimbursements under these agreements are recorded within cost of goods sold or operating expenses, based on the nature of the arrangements. Description of Business We are a leading provider of outdoor products and accessories encompassing hunting, fishing, camping, shooting, and personal security and defense products for rugged outdoor enthusiasts. We conceive, design, produce or source, and sell products and accessories, including shooting supplies, rests, vaults, and other related accessories; lifestyle products such as premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; electro-optical devices, including hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products. 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 facility in 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 Caldwell, Wheeler, Tipton, Frankford Arsenal, Hooyman, BOG, MEAT!, Uncle Henry, Old Timer, Imperial, Crimson Trace, LaserLyte, Lockdown, UST, BUBBA, and Schrade, 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 Thompson/Center Arms. 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 – Marksman, Defender, Harvester, and Adventurer – with each of our brands included in one of the brand lanes. • 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. • 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 Adventurer brands include products that help enhance consumers’ fishing and camping experiences. Basis of Presentation – Consolidated Financial Statements Subsequent to the Separation Our financial statements for the periods through the Separation date of August 24, 2020 are combined financial statements prepared on a “carve-out” basis as discussed below. Our financial statements for the period from August 24, 2020 through April 30, 2021 are consolidated financial statements based on our reported results as a standalone company, and have been prepared in conformity with accounting principles generally accepted in the United States, or GAAP. Basis of Presentation – Combined Financial Statements Prior to the Separation Prior to the Separation, the combined financial statements include certain assets and liabilities that have historically been held by our former parent and various of its subsidiaries, but are specifically identifiable to or otherwise attributable to the outdoor products and accessories business. Our combined statements of operations and comprehensive income/(loss), prior to the Separation, also include costs for certain pre-Separation centralized functions and programs provided and administered by our former parent that have been charged directly to our former parent businesses, including us. These centralized functions and programs include information technology, human resources, accounting, legal, and insurance. These costs were included in general and administrative expenses in the combined statements of operations and comprehensive income/(loss). In addition, for purposes of preparing the combined financial statements, prior to the Separation, on a “carve-out” basis, a portion of our former parent’s total corporate expenses were allocated to us. These expense allocations include the cost of corporate functions and resources provided by our former parent, including executive management, finance, accounting, legal, human resources, internal audit, and the related benefit costs associated with such functions, such as stock-based compensation, and the cost of our former parent’s Springfield, Massachusetts corporate headquarters. In fiscal 2020, our former parent began operating a new distribution facility in Columbia, Missouri, which included shared distribution expenses between our former parent and us. In addition to the portion of our former parent’s corporate expenses allocated to us prior to the Separation, a portion of our former parent’s total distribution expenses were allocated to us. These expense allocations include selling, distribution, inventory management, warehouse, and fulfillment services provided by our former parent and the related benefit costs associated with such functions, such as stock-based compensation and the cost of our former parent’s Columbia, Missouri distribution facility. For the period prior to the Separation in fiscal 2021, we were allocated $2.7 million for such corporate expenses, which were included within general and administrative expenses in the consolidated and combined statements of operations and comprehensive income/(loss). During the fiscal years ended April 30, 2020 and 2019, we were allocated $8.7 million and $9.9 million, respectively, for such corporate expenses. For the period prior to the Separation in fiscal 2021, we were also allocated $1.9 million of such distribution expenses, which were included within cost of sales; selling, marketing, and distribution expenses; and general and administrative expenses in the consolidated and combined statements of operations and comprehensive income/(loss). For the fiscal year ended April 30, 2020, we were allocated $8.2 million of distribution expenses. Prior to the Separation, costs were allocated to us based on direct usage when identifiable or, when not directly identifiable, on the basis of proportional net sales, employee headcount, delivery units, or square footage, as applicable. We consider the basis on which the expenses have been allocated to reasonably reflect the utilization of services provided to, or the benefit received by, us during the periods presented. However, the allocations may not reflect the expenses we would have incurred if we had been a standalone company for the periods presented prior to the Separation. Actual costs that may have been incurred if we had been a standalone company would depend on a number of factors, including the organizational structure, whether functions were outsourced or performed by employees, and strategic decisions made in areas such as information technology and infrastructure. Going forward, we may perform these functions using our own resources or outsourced services. For a period following the Separation, however, some of these functions will continue to be provided by our former parent under a Transition Services Agreement. Additionally, we will provide some services to our former parent under such Transition Services Agreement. We also entered into certain commercial arrangements with our former parent in connection with the Separation. Prior to the Separation, our former parent utilized a centralized approach to cash management and financing its operations. The cash and cash equivalents held by our former parent at the corporate level were not specifically identifiable to us and therefore have not been reflected in our combined balance sheet. Cash transfers between us and our former parent were accounted for through former parent company investment. Cash and cash equivalents in the pre-Separation combined balance sheet represent cash and cash equivalents held by legal entities that were transferred to us or amounts otherwise attributable to us. The combined financial statements include certain assets and liabilities that have historically been held at our former parent’s corporate level, but are specifically identifiable or other attributable to us. Our former parent incurred debt and related debt issuance costs with respect to the acquisitions of the carved-out businesses. However, such debt has been refinanced since the consummation of these acquisitions, and the proceeds of such refinancing have been utilized for retirement of original debt obligations and the funding of other former parent expenditures. As a result, our former parent’s third-party long-term debt and the related interest expense have not been allocated to us for any of the periods presented as we were not the legal obligor of such debt. All intracompany transactions have been eliminated. All transactions between us and our former parent have been included in these consolidated and combined financial statements. The aggregate net effect of such transactions that are not historically settled in cash has been reflected in the consolidated and combined balance sheet as parent company investment and in the consolidated and combined statements of cash flows as net transfers to and from our former parent. Reclassification We have adjusted the accompanying consolidated and combined balance sheet as of April 30, 2020 for an immaterial correction of an error to appropriately present deferred income taxes, in the amount of $3.6 million, as non-current, which was previously presented as a current asset. Fiscal Year We operate and report using a fiscal year ending on April 30 of each year.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Use of Estimates In preparing the consolidated and combined financial statements in accordance with GAAP, we make estimates and assumptions that affect amounts reported in the consolidated and combined financial statements and accompanying notes. Our significant estimates include provisions for excess and obsolete inventory, accruals for freight, duty, and tariff costs on international inventory purchases, valuation of intangible assets, and realization of deferred tax assets. Actual Principles of Consolidation The accompanying consolidated and combined financial statements include the accounts of our company and our wholly owned subsidiaries, including Battenfeld Technologies, Inc, or BTI, BTI Tools LLC, Crimson Trace Corporation, Ultimate Survival Technologies, LLC, or UST, and AOB Consulting (Shenzhen), Co., LTD. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in equity, and cash flows at April 30, 2021, 2020, and 2019 and for the periods presented, have been included. All intercompany accounts and transactions have been eliminated in consolidation. Fair Value of Financial Instruments Unless otherwise indicated, the fair values of all reported assets and liabilities, which represent financial instruments not held for trading purposes, approximate the carrying values of such amounts because of their short-term nature or market rates of interest. Cash and Cash Equivalents We consider all highly liquid investments purchased with original maturities of three months or less at the date of acquisition to be cash equivalents. Accounts Receivable and Allowance for Estimated Credit Losses We record trade accounts receivable at net realizable value that include estimated allowances for trade terms, sales incentive programs, discounts, markdowns, chargebacks, and returns as discussed under Revenue Recognition below. We extend credit to our domestic customers and some foreign distributors based on their credit worthiness. We sometimes offer discounts for early payment on invoices. When we believe the extension of credit is not advisable, we rely on either a prepayment or a letter of credit. We write off balances deemed uncollectible by us against our allowance for credit loss accounts. We maintain an allowance for credit losses related to accounts receivable for future expected credit losses resulting from the inability or unwillingness of our customers to make required payments. We estimate our allowance for credit losses based on relevant information such as historical experience, current conditions, and future expectation and in relation to a representative pool of assets consisting of a large number of customers with similar risk characteristics and similar financial assets. The allowance is adjusted as appropriate to reflect differences in current conditions as well as changes in forecasted macroeconomic conditions. In November 2020, we entered into a factoring arrangement with a designated financial institution specifically designed to factor trade receivables with a certain customer that has extended terms, which are traditional to the customer’s industry. Under this factoring arrangement, from time to time, we sell this certain customer’s trade receivables at a discount on a non-recourse basis. These transactions are accounted for as sales and cash proceeds are included in cash provided by operating activities in the statement of cash flows. During the fiscal year ended April 30, 2021, we recorded an immaterial amount of factoring fees related to factoring transactions, which are included in other income/(expense), net on our consolidated and combined statement of operations. Inventories We state inventories at the lower of cost or net realizable value. We determine cost on the first-in, first-out method and net of discounts or rebates received from vendors. Provisions for potential non-saleable inventory due to excess stock or obsolescence are based upon a detailed review of inventory, past history, and expected future usage. Property, Plant, and Equipment We record property, plant, and equipment, consisting of leasehold improvements, machinery, equipment, software, hardware, furniture, and fixtures at cost and depreciate them using the straight-line method over their estimated useful lives. We recognize amortization expense for leasehold improvements over the shorter of their estimated useful lives or the lease terms and include them in depreciation and amortization expense. We charge expenditures for maintenance and repairs to earnings as incurred, and we capitalize additions, renewals, and betterments. Upon the retirement or other disposition of property and equipment, we remove the related cost and accumulated depreciation from the respective accounts and include any gain or loss in operations. A summary of the estimated useful lives is as follows: Description Useful Life Machinery and equipment 2 to 10 years Software and hardware 2 to 7 years Leasehold improvements 10 to 20 years We include tooling, dies, furniture, and fixtures as part of machinery and equipment and depreciate them over a period generally not exceeding 10 years. We assess the recoverability of assets whenever events or changes in circumstances suggest that the carrying value of an asset may not be recoverable. We recognize an impairment loss if the carrying amount of a long-lived asset is not recoverable based on its undiscounted future cash flows. We measure the impairment loss as the difference between the carrying amount and the fair value of the asset. Intangible Assets We record intangible assets at cost or based on the fair value of the assets acquired. Intangible assets consist of developed technology, customer relationships, trademarks, trade names, and patents. We amortize intangible assets over their estimated useful lives or in proportion to expected yearly revenue generated from the intangibles that were acquired. Goodwill represents the excess of cost of an acquired business over the fair value of net tangible assets and identifiable intangible assets acquired. Goodwill is assigned at the reporting unit level. Valuation of Goodwill and Long-lived Intangible Assets We evaluate the recoverability of long-lived intangible assets whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. When such evaluations indicate that the related future undiscounted cash flows are not sufficient to recover the carrying values of the assets, such carrying values are reduced to fair value and this adjusted carrying value becomes the asset’s new cost basis. We determine fair value, primarily using future anticipated cash flows that are directly associated with and are expected to arise as a direct result of the use and eventual disposition of the asset, or asset group, discounted using an interest rate commensurate with the risk involved. We have significant long-lived intangible assets, which are susceptible to valuation adjustments as a result of changes in various factors or conditions. The most significant long-lived intangible assets are developed technology, customer relationships, patents, trademarks, and trade names. We amortize all finite-lived intangible assets either on a straight-line basis or based upon patterns in which we expect to utilize the economic benefits of such assets. We initially determine the values of intangible assets by a risk-adjusted, discounted cash flow approach. We assess the potential impairment of identifiable intangible assets whenever events or changes in circumstances indicate that the carrying values may not be recoverable and at least annually. Factors we consider important, which could trigger an impairment of such assets, include the following: • significant underperformance relative to historical or projected future operating results; • significant changes in the manner or use of the assets or the strategy for our overall business; • significant negative industry or economic trends; • a significant decline in our stock price for a sustained period; and • a decline in our market capitalization below net book value. Future adverse changes in these or other unforeseeable factors could result in an impairment charge that could materially impact future results of operations and financial position in the reporting period identified. In accordance with Accounting Standard Codification, or ASC, 350, Intangibles-Goodwill and Other, As of our valuation date in fiscal 2021, we had $64.3 million of goodwill. During the annual impairment review process, we have the option to first perform a qualitative assessment, commonly referred to as “step zero”, over relative events and circumstances to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value or to perform a quantitative assessment where we estimate the fair value of each reporting unit using both an income and market approach. We completed a step zero assessment as of February 1, 2021, and concluded there were no indicators of impairment. If the qualitative step zero analysis indicates that its more likely than not that the fair value is less than the carrying value, we will perform a step one analysis. When we perform a step one analysis to assess the recoverability of our goodwill, we determine the estimated fair value of our reporting unit and compare it to the carrying value of the reporting unit, including goodwill. We estimate the fair value of our operating unit, under the step one analysis, using an equal weighting of the fair values derived from the income approach and the market approach because we believe a market participant would equally weight both approaches when valuing the operating unit. The income approach is based on the projected cash flows that are discounted to their present value using discount rates that consider the timing and risk of the forecasted cash flows. We estimate fair value using internally developed forecasts and assumptions. The discount rate used is the average estimated value of a market participant’s cost of capital and debt, derived using customary market metrics. Other significant assumptions include revenue growth rates, profitability projections, and terminal value growth rates. The market approach estimates fair values based on the determination of appropriate publicly traded market comparison companies and market multiples of revenue and earnings derived from those companies with similar operating and investment characteristics as the operating unit being valued. Finally, we compare and reconcile our overall fair value to our market capitalization in order to assess the reasonableness of the calculated fair values of our operating units. We recognize an impairment loss for goodwill if the implied fair value of goodwill is less than the carrying value. We have reviewed the provisions of ASC 350-20, with respect to the criteria necessary to evaluate the number of reporting units that exist. In prior years, we had concluded that we had two operating units when reviewing ASC 350-20: Outdoor Products & Accessories and Electro-Optics. However, in fiscal 2019, a combination of factors occurring in the firearms industry during the last few years, including changes in the political environment and reduced overall demand for both firearms and the accessories that are attached to firearms, such as laser sights, has resulted in us lowering our long-range sales volume, operating profit, and cash flow forecasts in our Electro-Optics operating unit. Based on those forecasts, we believed it was important to seek out efficiencies in that operating unit to increase operating performance and, as a result, decided to combine our Electro-Optics operating unit with our Outdoor Products & Accessories operating unit in fiscal 2019. The lowered forecasts and the decision to reorganize those operating units caused us to evaluate the fair value of our operating unit utilizing those forecasts. Because of that evaluation, we recorded a $10.4 million impairment of goodwill in our Electro-Optics operating unit during the three months ended January 31, 2019. Based on our review of ASC 350-20 subsequent to the reorganization of Electro-Optics into Outdoor Products & Accessories, we have determined that we now have one operating unit. On March 23, 2020, we determined that our business was expected to be negatively impacted by several factors related to the COVID-19 pandemic, including a major online retail customer’s decision to halt or delay most non-essential product orders, COVID-19-related supply chain issues, as well as COVID-19-related “stay at home” orders and sporting goods store closures, which reduced retail foot traffic in many states. Given the extreme market volatility, we relied solely on the income approach to derive the current value of our business. Based on these factors, we expected reduced cash flows in our business, and we believed this constituted a triggering event under generally accepted accounting principles. Based on the results of this evaluation, we recorded a $98.9 million non-cash impairment of goodwill during our fourth quarter of fiscal 2020. Our assumptions related to the development of fair value could deviate materially from actual results and forecasts used to support asset carrying values may change in the future, which could result in non-cash charges that would adversely affect our results of operations. The re-measurement of goodwill is classified as a Level 3 fair value assessment as described in Note 10 - Fair Value Measurement , 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 customers 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 recognized reflects the expected consideration to be received for providing the goods or services to the customer, 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 . The following table sets forth certain information regarding trade channel net sales for the fiscal years ended April 30, 2021, 2020, and 2019 (dollars in thousands): 2021 2020 $ Change % Change 2019 e-commerce channels $ 108,726 $ 54,316 $ 54,410 100.2 % $ 47,429 Traditional channels 167,961 113,063 54,898 48.6 % 129,934 Total net sales $ 276,687 $ 167,379 $ 109,308 65.3 % $ 177,363 Our e-commerce channels include net sales from customers that do not operate a physical brick and mortar store, but generate the majority of their revenue from consumer purchases from their retail websites. Our traditional channels include customers that primarily operate out of physical brick and mortar stores and generate the large majority of revenue from consumer purchases in 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 fiscal years ended April 30, 2021, 2020, and 2019 (dollars in thousands): 2021 2020 $ Change % Change 2019 Domestic net sales $ 267,573 $ 160,905 $ 106,668 66.3 % $ 170,621 International net sales 9,114 6,474 2,640 40.8 % 6,742 Total net sales $ 276,687 $ 167,379 $ 109,308 65.3 % $ 177,363 Cost of Goods Sold Cost of goods sold for our purchased finished goods includes the purchase costs and related overhead. We source most of our purchased finished goods from manufacturers in Asia. Cost of goods sold for our manufactured goods includes all materials, labor, and overhead costs incurred in the production process. Overhead includes all costs related to manufacturing or purchasing finished goods, including costs of planning, purchasing, quality control, depreciation, freight, duties, royalties, and shrinkage. Research and Development We engage in both internal and external research and development, or R&D, in order to remain competitive and to exploit potential untapped market opportunities. We approve prospective R&D projects after analysis of the costs and benefits associated with the potential product. Costs in R&D expense include salaries, materials, utilities, and administrative costs. Advertising We expense advertising costs, primarily consisting of digital, printed, or television advertisements, either as incurred or upon the first occurrence of the advertising. Advertising expense, included in selling, marketing, and distribution expenses, totaled $14.4 million, $14.5 million, and $10.4 million in fiscal 2021, 2020, and 2019, respectively. 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. Warranty We generally provide either a limited lifetime, three-year, or one-year warranty program to the original purchaser of most of our products. We will also repair or replace certain products or parts found to be defective under normal use and service with an item of equivalent value, at our option, without charge during the warranty period. We provide for estimated warranty obligations in the period in which we recognize the related revenue. We quantify and record an estimate for warranty-related costs based on our actual historical claims experience and current repair costs. We make adjustments to accruals as warranty claims data and historical experience warrant. Should we experience actual claims and repair costs that are higher than the estimated claims and repair costs used to calculate the provision, our operating results for the period or periods in which such returns or additional costs materialize could be adversely impacted. In May 2018, we initiated a recall of certain models of our electro-optics products that incorporated diodes manufactured by a particular third party because the diodes failed to comply with a Food and Drug Administration, or FDA, standard for laser products. We have made efforts to notify all consumers that may be impacted by this recall. As of April 30, 2020, we had exhausted all efforts to notify customers, and, based on the level of warranty claim activity, we have reduced the recall reserve to an immaterial amount. We will continue to fulfill warranty claims as they are presented . Warranty expense for the fiscal years ended April 30, 2021, 2020, and 2019 amounted to $ 875,000 , $ 193,000 , and $ 135,000 , respectively . The following table sets forth the change in accrued warranties, a portion of which is recorded as a non-current liability, in the fiscal years ended April 30, 2021, 2020, and 2019 (in thousands): April 30, 2021 April 30, 2020 April 30, 2019 Beginning Balance 336 587 1,720 Warranties issued and adjustments to provisions 875 193 135 Changes related to preexisting product recall accruals - (180 ) (589 ) Warranty claims (494 ) (264 ) (679 ) Ending Balance 717 336 587 Rent Expense We occasionally enter into non-cancelable operating leases for office space, distribution facilities, and equipment. Leases for real estate typically have initial terms ranging from one to 10 years, generally with renewal options. Leases for equipment typically have initial terms ranging from one to 10 years. Most leases have fixed rentals, with many of the real estate leases requiring additional payments for real estate taxes and occupancy-related costs. We record rent expense for leases containing landlord incentives or scheduled rent increases on a straight-line basis over the lease term beginning with the earlier of the lease commencement date or the date we take possession or control of the leased premises. See Note 3 – Leases Self-insurance Our former parent is self-insured for a significant portion of its employee medical, workers’ compensation, vehicle, property, and general liability exposures and records an accrual for its retained liability. Our former parent’s businesses, including us prior to Separation, were charged directly for their estimated share of the cost of these self-insured programs, and our share of the cost is included in the consolidated and combined statements of income/(loss) and comprehensive income/(loss). Our estimated share of our former parent retained liability for these programs has been reflected in the consolidated and combined balance sheet within accrued expenses. See Note 11 – Self-Insurance Reserves Earnings/(Loss) per Share On August 24, 2020, the date of consummation of the Separation, our former parent distributed 13,975,104 shares of our common stock, par value $0.001 per share, to our former parent’s stockholders of record as of August 10, 2020, or the Record Date. We utilize this share amount for the calculation of basic and diluted earnings per share for all periods presented prior to the Separation as all common stock was owned by our former parent prior to the Separation. For the 2020 and 2019 year-to-date calculations, these shares are treated as issued and outstanding at April 30, 2020 and 2019, respectively, for purposes of calculating historical basic and diluted earnings per share. For periods prior to the Separation, it is assumed that there are no dilutive equity instruments as we had no stock-based awards outstanding prior to the Separation. We compute diluted earnings per share by giving effect to all potentially dilutive stock awards that are outstanding. For periods subsequent to the Separation, 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 fiscal year ended April 30, 2021. After the Separation, the weighted-average number of common shares outstanding for basic and diluted earnings per share for the fiscal year ended April 30, 2021 was based on the weighted-average number of actual common shares outstanding assuming the number of shares of AOUT common stock outstanding on August 24, 2020 had been outstanding at the beginning of each period presented. The following table provides a reconciliation of the net income/(loss) amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings/(loss) per common share (in thousands, except per share data): For the Years Ended April 30, 2021 2020 2019 Net Per Share Net Per Share Net Per Share Income Shares Amount Loss Shares Amount Loss Shares Amount Basic earnings/(loss) $ 18,405 13,997 $ 1.31 $ (96,201 ) 13,975 $ (6.88 ) $ (9,521 ) 13,975 $ (0.68 ) Effect of dilutive stock awards — 228 (0.02 ) — — — — — — Diluted earnings/(loss) $ 18,405 14,225 $ 1.29 $ (96,201 ) 13,975 $ (6.88 ) $ (9,521 ) 13,975 $ (0.68 ) Stock-Based Compensation Our stock-based compensation awards consist of stock options, performance-based restricted stock units, or PSUs, and restricted stock units, or RSUs, all of which are based on our common shares. Compensation costs for all awards expected to vest are recognized over the vesting period, which generally vest annually in four-year Stock-Based Compensation Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes The provision for income taxes is based upon income reported in the accompanying consolidated and combined financial statements as required by ASC 740-10 . We determine deferred tax assets and liabilities based on temporary differences between financial reporting and tax bases in assets and liabilities and measure them by applying enacted rates and laws expected to be in place when the deferred items become subject to income tax or deductible for income tax purposes. We recognize the effect on deferred taxes and liabilities of a change in tax rates in the period that includes the enactment date. In assessing the realization of our deferred income tax assets, we consider whether it is more likely than not that the deferred income tax assets will be realized. The ultimate realization of our deferred income tax assets depends upon generating future taxable income during the periods in which our temporary differences become deductible and before our net operating loss carryforwards expire. We periodically evaluate the recoverability of our deferred income tax assets by assessing the need for a valuation allowance. If we determine that it is more likely than not that our deferred income tax assets will not be recovered, we establish a valuation allowance against some or all of our deferred income tax assets. Recording a valuation allowance could have a significant effect on our future results of o Prior to the Separation, income taxes were allocated in a manner that is systematic, rational, and consistent with the broad principles of ASC 740. Prior to the Separation, our operations have been included in our former parent federal consolidated tax return, certain foreign tax returns, and certain state tax returns. For the purposes of the financial statements presented on a “carve-out” basis, our income tax provisions were computed as if we filed separate tax returns (i.e., as if we had not been included in the consolidated income tax return group with our former parent). The separate return method applies ASC 740 to the combined financial statements of each member of a consolidated tax group as if the group member were a separate taxpayer. As a result, actual tax transactions included in the consolidated financial statements of our former parent may not be included in our consolidated and combined financial statements. Also, the tax treatment of certain items reflected in the consolidated and combined financial statements may not be reflected in the consolidated financial statements and tax returns of our former parent. It is conceivable that items such as net operating losses, other deferred taxes, uncertain tax positions, and valuation allowances may exist in the consolidated and combined financial statements that may or may not exist in our former parent’s consolidated financial statements. Since our results , prior to the Separation, were included in our former parent consolidated tax returns, payments to certain tax authorities were made by our former parent and not by us. For tax jurisdictions in which we are included with our former parent in a consolidated tax filing, we do not maintain taxes payable to or from our former parent and the payments are deemed to be settled immediately with the legal entities paying the tax in the respective tax jurisdictions through changes in parent company investment. Tax receivables in jurisdictions where we do not file a consolidated tax return with our former parent , such as certain state tax returns, are recorded as income tax receivable . Deferred income tax assets and liabilities, prior to the Separation, as presented in the combined balance sheet, reflect the net future tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Former Net Parent Company Investment Former net parent company investment in the consolidated and combined balance sheet represents our former parent’s historical investment in us, the accumulated net earnings after taxes, and the net effect of the transactions with, and allocations from, our former parent. See Basis of Presentation Related Party Transactions Concentration of Risks Financial instruments that potentially subject us to concentration of credit risk consist principally of cash, cash equivalents, and trade receivables. We place our cash and cash equivalents in overnight U.S. government securities. Concentrations of credit risk with respect to trade receivables are limited by the large number of customers comprising our customer base and their geographic and business dispersion. We perform ongoing credit evaluations of our customers’ financial condition and generally do not require collateral. For the fiscal year ended April 30, 2021, one of our customers accounted for more than 10% of our net sales, accounting for $76.3 million, or 27.6% of our fiscal 2021 net sales. For the fiscal years ended April 30, 2020 and 2019, two of our external customers accounted for more than 10% of our net sales. These customers accounted for $37.9 million, or 22.9%, and $17.5 million, or 10.5%, of our fiscal 2020 net sales, respectively, and accounted for $36.8 million, or 20.8%, and $19.0 million, or 10.7%, of our fiscal 2019 net sales, respectively. As of April 30, 2021 and 2020, two of our customers exceeded 10% or more of our accounts receivable and accounted for $13.6 million, or 32.1%, and $4.5 million, or 10.7%, for our fiscal 2021 accounts receivable, respectively, and $12.5 million, or 35.6%, and $3.7 million, or 10.6% of our fiscal 2020 accounts receivable, respectively. As of April 30, 2019, three of our external customers exceeded 10% or more of our accounts receivable and accounted for $6.3 million, or 23.5%, $2.9 million, or 10.9%, and $2.7 million, or 10.2%, respectively, of our accounts receivable. We We source a majority of our purchased finished goods from Asia. Shipping and Handling In the accompanying consolidated and combined financial statements, we included amounts billed to customers for shipping and handling in net sales. We include costs relating to shipping and handling charges, including inbound freight charges and internal transfer costs, in cost of goods sold; however, costs incurred to distribute products to customers is included in distribution expenses. Legal and Other Contingencies We periodically assess liabilities and contingencies in connection with legal proceedings and other claims that may arise from time to time. When we believe it is probable that a loss has been or will be incurred, we record an estimate of the loss in the consolidated and combined financial statements. We adjust estimates of losses when additional information becomes available or circumstances change. We disclose a contingent liability when we believe there is at least a reasonable possibility that a material loss may have been incurred. Recently Adopted Accounting Standards In May 2014, the Financial Accounting Standards Boar

Leases

Leases	12 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Leases	3. Leases: We primarily lease certain of our 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 term. 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. Tenant improvement allowances are recorded 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 April 30, 2021 are as follows (in thousands): April 30, 2021 Operating Leases Right-of-use assets $ 27,449 Accumulated amortization (2,074 ) Right-of-use assets, net $ 25,375 Lease liabilities, current portion $ 1,771 Lease liabilities, net of current portion 24,780 Total operating lease liabilities $ 26,551 During the fiscal year ended April 30, 2021, we recorded $3.1 million of operating lease costs, of which $263,000 related to short-term leases. As of April 30, 2021, our weighted average lease term and weighted average discount rate for our operating leases was 16.7 years and 5.3%, respectively. 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. On August 24, 2020 and as part of the Separation, we entered into an 18-year sublease for our corporate headquarters, that include our executive offices as well as our research and development, sales, marketing, and warehouse distribution activities with our former parent, which is payable in 216 monthly installments through fiscal 2039. We evaluated this lease under ASC 842-10, which requires that leases be evaluated and classified as operating or finance leases for financial reporting purposes During the fiscal year ended April 30, 2021, we terminated an operating lease for office space in Park City, Utah. We recorded a reduction of right-of-use asset and lease liability of approximately $640,000 for terminating this lease. During the fiscal year ended April 30, 2021, we entered into an operating lease for administrative office space in Chicopee, Massachusetts and recorded a right-of-use asset and lease liability of $369,000. During the fiscal year ended April 30, 2021, we terminated an operating lease for office space in Bentonville, Arkansas. We recorded a reduction of right-of-use asset and lease liability of approximately $240,000 for terminating this lease. Future lease payments for all our operating leases as of April 30, 2021, and for succeeding fiscal years, are as follows (in thousands): Operating 2022 $ 3,132 2023 3,005 2024 2,030 2025 2,059 2026 2,005 Thereafter 28,547 Total future lease payments 40,778 Less amounts representing interest (14,227 ) Present value of lease payments 26,551 Less current maturities of lease liabilities (1,771 ) Long-term maturities of lease liabilities $ 24,780 During the fiscal year ended April 30, 2021, the cash paid for amounts included in the measurement of the liabilities and the operating cash flows was $1.5 million.

Inventory

Inventory	12 Months Ended
	Apr. 30, 2021
Inventory Disclosure [Abstract]
Inventory	4. Inventory The following table sets forth a summary of inventories stated at lower of cost or net realizable value, as of April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Finished goods $ 62,465 $ 50,171 Finished parts 4,629 3,499 Work in process 445 249 Raw material 6,757 6,080 Total inventories $ 74,296 $ 59,999

Property, Plant, and Equipment

Property, Plant, and Equipment	12 Months Ended
	Apr. 30, 2021
Property Plant And Equipment [Abstract]
Property, Plant, and Equipment	5. Property, Plant, and Equipment The following table summarizes property, plant, and equipment as of April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Machinery and equipment $ 15,041 $ 12,987 Software and hardware 5,075 4,960 Leasehold improvements 2,273 2,054 22,389 20,001 Less: Accumulated depreciation and amortization (13,181 ) (10,854 ) 9,208 9,147 Construction in progress 1,784 530 Total property, plant, and equipment, net $ 10,992 $ 9,677 Depreciation expense for the fiscal years ended April 30, 2021, 2020, and 2019 was $3.5 million, $3.4 million, and $2.8 million, respectively. For the fiscal year ended April 30, 2020, we recorded $2.2 million of leasehold improvements for the office buildout of our Columbia, Missouri facility for which we received a cash incentive from the lessor at the inception of the lease for that facility. We also recorded a corresponding lease incentive liability at the inception of the lease when we received the funds from the lessor. As of April 30, 2020, the lease incentive was recorded as a reduction of right-of-use lease liabilities on our consolidated and combined balance sheet. During fiscal 2020, we finalized a sublease of this facility, and, as a result of this sublease, we recorded a $713,000 impairment of this leasehold improvement. The following table summarizes depreciation and amortization expense, which includes amortization of intangibles, by line item for the fiscal years ended April 30, 2021, 2020, and 2019 (in thousands): For the Years Ended April 30, 2021 2020 2019 Cost of sales $ 1,016 $ 1,837 $ 1,969 Research and development 43 83 81 Selling, marketing, and distribution 114 175 39 General and administrative (a) 18,653 21,814 22,901 Total depreciation and amortization $ 19,826 $ 23,909 $ 24,990 (a) General and administrative expenses included $16.3 million, $18.6 million, and $21.5 million of amortization for the fiscal years ended April 30, 2021, 2020, and 2019, respectively, which were recorded as a result of our acquisitions.

Intangible Assets

Intangible Assets	12 Months Ended
	Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets The following table summarizes intangible assets as of April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 89,980 $ (60,347 ) $ 29,633 $ 89,980 $ (51,049 ) $ 38,931 Developed technology 21,588 (14,456 ) 7,132 21,588 (12,529 ) 9,059 Patents, trademarks, and trade names 50,007 (34,308 ) 15,699 49,697 (29,229 ) 20,468 Backlog 1,150 (1,150 ) — 1,150 (1,150 ) — 162,725 (110,261 ) 52,464 162,415 (93,957 ) 68,458 Patents in progress 749 — 749 490 — 490 Total definite-lived intangible assets 163,474 (110,261 ) 53,213 162,905 (93,957 ) 68,948 Indefinite-lived intangible assets 430 — 430 204 — 204 Total intangible assets $ 163,904 $ (110,261 ) $ 53,643 $ 163,109 $ (93,957 ) $ 69,152 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 technology, and five years for patents, trademarks, and trade names. Amortization expense amounted to $16.3 million, $18.9 million, and $21.6 million for the fiscal years ended April 30, 2021, 2020, and 2019, respectively. The following table represents future expected amortization expense as of April 30, 2021 (in thousands): Fiscal Amount 2022 13,876 2023 11,428 2024 9,689 2025 6,047 2026 4,954 Thereafter 6,470 Total $ 52,464 We did not record any impairment charges for long-lived intangible assets in the fiscal years ended April 30, 2021, 2020, and 2019, respectively, excluding the goodwill impairment charges noted below.

Goodwill

Goodwill	12 Months Ended
	Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	7. Goodwill Changes in goodwill are summarized as follows (in thousands): Total Goodwill Balance as of April 30, 2019 $ 163,246 Adjustments (2 ) Goodwill impairment (98,929 ) Balance as of April 30, 2020 64,315 Goodwill impairment — Balance as of April 30, 2021 $ 64,315 As of April 30, 2021, we have accumulated $109.3 million of goodwill impairment charges since fiscal 2015 on gross goodwill of $173.6 million. We recorded a $98.9 million impairment of goodwill during our fourth quarter of fiscal 2020 as a result of the negative impacts of COVID-19 on our business. We also recorded a $10.4 million impairment of goodwill during fiscal 2019 as a result of restructuring our two reporting units into one reporting unit. Refer to Note 2 – Summary of Significant Accounting Policies

Accrued Expenses

Accrued Expenses	12 Months Ended
	Apr. 30, 2021
Payables And Accruals [Abstract]
Accrued Expenses	8. Accrued Expenses The following table sets forth other accrued expenses as of April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Accrued sales allowances $ 2,931 $ 2,441 Accrued freight 2,466 1,646 Accrued commissions 1,578 954 Accrued taxes other than income 1,052 197 Accrued warranty 717 336 Accrued professional fees 701 787 Accrued other 245 540 Accrued employee benefits 153 754 Total accrued expenses $ 9,843 $ 7,655

Debt

Debt	12 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Debt	9. Debt On August 24, 2020, we entered into a new 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. Based on this calculation, the entire $50.0 million was available to us as of April 30, 2021. The revolving line includes an option to increase the credit commitment for an additional $15.0 million. The revolving line bears interest at a fluctuating rate equal to the Base Rate or LIBOR, as applicable, plus the applicable margin. If adequate means do not exist for ascertaining LIBOR, any borrowing under the credit facility may be converted into Base Rate Loans.

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurement	10. Fair Value Measurement We follow the provisions of ASC 820-10, Fair Value Measurements and Disclosures Topic 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 consolidated and combined 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 $60.8 million as of April 30, 2021 and $234,000 as of April 30, 2020. 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 not have any Level 2 or Level 3 financial assets or liabilities as of April 30, 2021.

Self-Insurance Reserves

Self-Insurance Reserves	12 Months Ended
	Apr. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Self Insurance Reserves	11. Self-Insurance Reserves Prior to the Separation, we participated in an occurrence-based program based on our current and historical claims experience and the availability and cost of insurance. Following the Separation, we have fully insured programs. While we remain responsible for claims under the former self-insured program, reserves have either been eliminated, or greatly reduced, because of the settlement of prior claims and the immaterial nature that potential future claims will have on the overall financial statements. While we believe these reserves to be adequate, it is possible that the ultimate liabilities will exceed such estimates. The following table summarizes the activity in the workers’ compensation, product liability, and medical/dental reserves in the fiscal year ended April 30, 2021 and 2020 (in thousands): For the years ended April 30, 2021 2020 Beginning balance $ 403 $ 615 Changes in provisions charged to expense (230 ) 1,530 Payments (115 ) (1,742 ) Ending balance $ 58 $ 403 It is our policy to provide an estimate for loss as a result of expected adverse findings or legal settlements on product liability, and other matters when such losses are probable and are reasonably estimable. It is also our policy to accrue for reasonable estimable legal costs associated with defending such litigation. While such estimates involve a range of possible costs, we determine, in consultation with counsel, the most likely cost within such range on a case-by-case basis.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Apr. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation Incentive Stock and Employee Stock Purchase Plans Prior to the Separation, our employees participated in two of our former parent’s sponsored incentive stock plans. All grants made prior to the Separation covering all participants were issued under those plans. Certain of our employees have participated in our former parent’s 2013 Incentive Stock Plan. The following disclosures of stock-based compensation expense recognized by us, prior to the Separation, are based on grants related directly to our employees and an allocation of our former parent’s corporate and shared employee stock-based compensation expenses. Accordingly, the amounts presented are not necessarily indicative of future awards and do not necessarily reflect the results that we would have experienced as an independent company for the periods presented. In connection with the Separation, outstanding and vested awards granted to employees under our former parent’s incentive stock plans were converted into our stock-based awards. Unvested awards held by our employees were converted into our stock-based awards. The ratio used to convert our former parent incentive plan awards was intended to preserve the aggregate intrinsic value of each award immediately after the Separation when compared to the aggregate intrinsic value immediately prior to the Separation. All performance-based restricted share units, or PSUs, outstanding on the Distribution Date were converted to PSUs using payout metrics based on a combination of actual performance through the Distribution Date and the target for the remainder of the performance period. Due to the conversion, we expect to incur $711,000 of incremental stock-based compensation expense for our employees to be recognized over the awards' remaining 1.3 year vesting period. Post-Separation, we have a separate stock incentive plan, or the 2020 Incentive Compensation Plan, under which we can grant new awards to our employees and directors. The 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, performance stock units, or PSUs, stock appreciation rights, bonus stock and awards in lieu of obligations, and dividend equivalents. Our board of directors, or a committee established by our board, administers the incentive 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 incentive plan are generally nontransferable and subject to forfeiture. Unless terminated earlier by our Board of Directors, the 2020 Incentive Compensation Plan will terminate at the earlier of (1) the tenth anniversary of the effective date of the 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. The 2020 Incentive Compensation Plan also permits the grant of awards to non-employees. We recognized $2.9 million of stock-based compensation expense for the fiscal year ended April 30, 2021. Of the total stock-based compensation we recognized for the period prior to the Separation, $224,000 related to allocations of our former parent’s corporate and shared employee stock-based compensation expense. We recognized $850,000 and $2.3 million of stock-based compensation expense for the fiscal year ended April 30, 2020 and 2019, respectively. Of the total stock-based compensation recognized by us, $607,000 and $1.1 million related directly to our employees, and $244,000 and $1.2 million related to allocations of our former parent’s corporate and shared employee stock-based compensation for the fiscal year ended April 30, 2020 and 2019, respectively. Stock-based compensation expense is included 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. The aggregate fair value of our RSU grants is amortized to compensation expense over the vesting period. Awards that do not vest are forfeited. We grant PSUs to our executive officers and certain 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 Year Ended April 30, 2021 Grant date fair market value American Outdoor Brands, Inc. $ 13.30 Russell 2000 Index $ 1,504.59 Volatility (a) American Outdoor Brands, Inc. 47.54 % Russell 2000 Index 27.70 % Correlation coefficient (b) 0.48 Risk-free interest rate (c) 0.17 % Dividend yield (d) 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 (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 In certain circumstances, the vested awards will be delivered on the first anniversary of the applicable vesting date. A discount rate has been applied to the grant date fair value when determining the amount of compensation expense to be recorded for these RSUs and PSUs. During the fiscal year ended April 30, 2021, we granted an aggregate of 166,319 service-based RSUs to executive officers, non-executive officer employees, and directors, and 78,045 PSUs to certain executive officers and employees under our 2020 Incentive Compensation Plan. During the fiscal year ended April 30, 2021, we cancelled 2,994 service-based RSUs as a result of the service condition not being met. In connection with the vesting of RSUs, during the fiscal year ended April 30, 2021, we delivered common stock to employees and directors under our 2020 Incentive Compensation Plan with a total market value of $891,000. During the fiscal year ended April 30, 2020, our employees were granted an aggregate of 81,416 service-based RSUs, and 44,871 PSUs under our former parent’s 2013 Incentive Stock Plan. During the fiscal year ended April 30, 2020, 37,417 service-based RSUs and 14,400 PSUs were cancelled a result of the service condition not being met. In connection with the vesting of RSUs, during the fiscal year ended April 30, 2020, our former parent delivered common stock to our employees under our former parent’s 2013 Incentive Stock Plan with a total market value of $494,000. During the fiscal year ended April 30, 2019, our employees were granted an aggregate of 64,191 service-based RSUs, and 28,800 PSUs under our former parent’s 2013 Incentive Stock Plan. During the fiscal year ended April 30, 2019, 11,462 service-based RSUs were cancelled as a result of the service condition not being met. In connection with the vesting of RSUs, during the fiscal year ended April 30, 2019, our former parent delivered common stock to our employees under our former parent’s 2013 Incentive Stock Plan with a total market value of $519,000. A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the fiscal year ended April 30, 2021 is as follows: For the Year Ended April 30, 2021 Weighted Total # of Average Restricted Grant Date Stock Units Fair Value RSUs and PSUs outstanding, beginning of period — — Shares granted as a result of conversion and employee transition 237,587 9.23 Awarded 244,364 14.10 Vested (51,438 ) 11.89 Forfeited (2,994 ) 11.82 RSUs and PSUs outstanding, end of period 427,519 $ 11.67 As of April 30, 2021, there was $2.4 million of unrecognized compensation expense related to unvested RSUs and PSUs. This expense is expected to be recognized over a weighted average contractual term of 1.7 years. Post-Separation, our employees participate in our Employee Stock Purchase Plan, or the 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 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 fiscal year ended April 30, 2021, 34,947 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 the 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 year ended April 30, 2021: For the Year Ended April 30, 2021 Risk-free interest rate 0.04% - 0.10% Expected term 6 months - 12 months Expected volatility 52.4% - 60.6% Dividend yield 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 the 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).

Employer Sponsored Benefit Plan

Employer Sponsored Benefit Plans	12 Months Ended
	Apr. 30, 2021
Compensation And Retirement Disclosure [Abstract]
Employer Sponsored Benefit Plans	13. Employer Sponsored Benefit Plans Contributory Defined Investment Plan — Our employees currently participate in a contributory defined investment plan, subject to service requirements. Under the terms of the plan, e mployees may contribute from 1% to 30% of their annual pay and we generally make discretionary matching contributions of up to 50% of the first 6% of employee contributions to the plan. We contributed $461,000 for the fiscal year ended April 30, 2021. Prior to the Separation, our employees participated in two contributory defined investment plans sponsored by our former parent, subject to service requirements. For one plan, employees could contribute up to 100% of their annual pay with no employer matching contributions. For the other plan, e mployees could contribute from 1% to 30% of their annual pay and our former parent Non-Contributory Profit-Sharing Plan — Our employees currently participate in our non-contributory profit-sharing plan upon meeting certain eligibility requirements. Prior to the Separation, our employees participated in a non-contributory profit-sharing plan sponsored by our former parent. Employees become eligible on May 1 following the completion of a full fiscal year of continuous service. Our contributions to the plan are discretionary. For fiscal 2021, 2020, and 2019, we contributed $1.9 million, $217,000 and $278,000, respectively, which has been recorded in general and administrative costs. Contributions are funded after the fiscal year-end.

Income Taxes

Income Taxes	12 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes Prior to the Separation, income taxes were calculated as if we file income tax returns on a standalone basis. Our U.S. operations and certain of our non-U.S. operations historically have been included in the tax returns of our former parent or its subsidiaries. We believe the assumptions supporting our allocation and presentation of income taxes on a separate return basis were reasonable. Income tax expense/(benefit) from operations consists of the following (in thousands): For the Year Ended April 30, 2021 2020 2019 Current: Federal $ 8,356 $ 693 $ 2,833 State 1,085 149 583 Foreign 4 4 5 Total current 9,445 846 3,421 Deferred: Deferred federal (3,222 ) (11,266 ) (2,442 ) Deferred state (336 ) (1,233 ) (245 ) Total deferred (3,558 ) (12,499 ) (2,687 ) Total income tax expense/(benefit) $ 5,887 $ (11,653 ) $ 734 The following table presents a reconciliation of the provision for income taxes from operations at statutory rates to the provision (benefit) in the consolidated and combined financial statements (in thousands): For the Year Ended April 30, 2021 2020 2019 Federal income taxes expected at the statutory rate (a) $ 5,101 $ (22,649 ) $ (1,845 ) State income taxes, less federal income tax benefit 586 (1,117 ) 222 Stock compensation (83 ) 86 321 Business meals and entertainment 130 18 37 Research and development tax credit (288 ) (199 ) (218 ) Goodwill impairment — 11,741 2,183 Other 441 467 3 Federal tax rate change on deferred taxes — — 31 Total income tax expense/(benefit) $ 5,887 $ (11,653 ) $ 734 (a) We had a federal statutory rate of 21% Deferred tax assets (liabilities) related to temporary differences are the following (in thousands): April 30, 2021 April 30, 2020 Non-current tax assets (liabilities): Inventories $ 1,241 $ 924 Accrued expenses, including compensation 2,827 1,415 Product liability 6 — Workers' compensation 8 27 Warranty reserve 165 78 Stock-based compensation 592 376 State bonus depreciation 51 43 Property taxes 9 — Property, plant, and equipment (1,696 ) (1,705 ) Intangible assets 3,500 2,219 Right-of Use assets (5,879 ) (627 ) Right-of Use lease liabilities 6,152 950 Pension — 19 Other (52 ) (139 ) Less valuation allowance (241 ) — Net deferred tax asset/(liability) — total $ 6,683 $ 3,580 There were no federal or state net operating loss carryforwards or credits as of April 30, 2021 and 2020. As of April 30, 2021, we had $241,000 of valuation allowances provided on our deferred tax assets primarily related to IRC Section 162(m) limitations on the deductibility of certain executive compensation. The income tax provisions (benefit) represent effective tax rates of 24.2%, 10.8%, and (8.4%) for the fiscal year ended April 30, 2021, 2020, and 2019, respectively. Excluding the impact of the non-cash goodwill impairment charges, our effective tax rate for the fiscal year ended April 30, 2020 and 2019 was 17.4% and 45.6%, respectively. U.S. income taxes have not been provided on $171,000 of undistributed earnings of our foreign subsidiary since it is our intention to permanently reinvest such earnings offshore. If the earnings were distributed in the form of dividends, we would not be subject to U.S. tax as a result of the Tax Act but could be subject to foreign income and withholding taxes. Determination of the amount of this unrecognized deferred income tax liability is not practical. At April 30, 2021 and 2020, we did not have any gross tax-effected unrecognized tax benefits. With limited exception, we are subject to U.S. federal, state, and local, or non-U.S. income tax audits by tax authorities for fiscal years subsequent to April 30, 2017.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Apr. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. 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 fiscal years ended April 30, 2021, 2020, and 2019, we did not incur any material expenses in defense and administrative costs relative to product liability litigation. In addition, we did not encounter any settlement fees related to product liability cases in those fiscal years. Contracts Employment Agreements — We have employment, severance, and change of control agreements with certain officers and managers. Other Agreements — We have distribution agreements with various third parties in the ordinary course of business. Leases The following summarizes our operating leases for office and/or manufacturing space: Location of Lease Expiration Date Wilsonville, Oregon October 31, 2022 Shenzhen, China August 31, 2023 Columbia, Missouri (1) April 30, 2023 Chicopee, Massachusetts May 31, 2025 Columbia, Missouri December 31, 2038 (1) Property is subleased.

Segment Reporting

Segment Reporting	12 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Segment Reporting	16. Segment Reporting We have evaluated our operations under ASC 280-10-50-1 – Segment Reporting 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 Wilsonville, Oregon facility. We report operating costs based on the activities performed.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Apr. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	17. Related Party Transactions Prior to the Separation, the combined financial statements were prepared on a standalone basis and were derived from the consolidated financial statements and accounting records of our former parent, our former Parent. The following discussion summarizes activity between us and the former Parent prior to the Separation on August 24, 2020 (and its affiliates that are not part of the Separation). Allocation of General Corporate Expenses Prior to the Separation, the combined statements of operations and comprehensive income/(loss) included expenses for certain centralized functions and other programs provided and administered by our former parent that were charged directly to us. In addition, for purposes of preparing these combined financial statements on a carve-out basis, we have allocated a portion of the former Parent total corporate and selling, marketing, and distribution expenses to us. See Note 1 – Background and Basis of Presentation Related Party Sales and Purchases For the period prior to the Separation in fiscal year 2021, our sales to our former parent totaled $2.4 million during our fiscal year 2021, which are included in net sales in the combined statements of operations and comprehensive income/(loss). Our sales to our former parent totaled $15.1 million and $17.5 million for the fiscal years 2020 and 2019, respectively. Our cost of goods sold included an immaterial amount for items purchased from our former parent for the fiscal year 2021. As of April 30, 2021, 2020 and 2019, there was an immaterial amount, $435,000 and $521,000, respectively, of inventories purchased from the former Parent that remain on our consolidated and combined balance sheet. Net Transfers To and From our former parent Prior to the Separation, our former parent utilized a centralized approach to cash management and financing its operations. Disbursements were made through centralized accounts payable systems, which were operated by our former parent. Cash receipts were transferred to centralized accounts, which were also maintained by our former parent. As cash was received and disbursed by our former parent, it was accounted for by us through the former parent company investment. Certain related party transactions between us and our former parent have been included within the former parent company investment in the combined balance sheets in the historical periods presented. All notes to and from our former parent were settled in connection with the Separation. As of April 30, 2020, the former parent company investment included related party receivables due from our former parent of $85.0 million. The interest income and expense related to the activity with our former parent that was historically included in our results prior to the Separation is presented on a net basis in the combined statements of operations and comprehensive income/(loss). Interest income on the activity with our former parent was $424,000 during the first four months of our fiscal year 2021 and prior to the Separation and $5.0 million and $5.2 million for the fiscal years ended April 30, 2020 and 2019, respectively. The total effect of the settlement of these related party transactions is reflected as a financing activity in the consolidated and combined statements of cash flows. On August 24, 2020, our former parent capitalized our company with $25.0 million of cash as part of the Separation.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – Consolidated Financial Statements Subsequent to the Separation Our financial statements for the periods through the Separation date of August 24, 2020 are combined financial statements prepared on a “carve-out” basis as discussed below. Our financial statements for the period from August 24, 2020 through April 30, 2021 are consolidated financial statements based on our reported results as a standalone company, and have been prepared in conformity with accounting principles generally accepted in the United States, or GAAP. Basis of Presentation – Combined Financial Statements Prior to the Separation Prior to the Separation, the combined financial statements include certain assets and liabilities that have historically been held by our former parent and various of its subsidiaries, but are specifically identifiable to or otherwise attributable to the outdoor products and accessories business. Our combined statements of operations and comprehensive income/(loss), prior to the Separation, also include costs for certain pre-Separation centralized functions and programs provided and administered by our former parent that have been charged directly to our former parent businesses, including us. These centralized functions and programs include information technology, human resources, accounting, legal, and insurance. These costs were included in general and administrative expenses in the combined statements of operations and comprehensive income/(loss). In addition, for purposes of preparing the combined financial statements, prior to the Separation, on a “carve-out” basis, a portion of our former parent’s total corporate expenses were allocated to us. These expense allocations include the cost of corporate functions and resources provided by our former parent, including executive management, finance, accounting, legal, human resources, internal audit, and the related benefit costs associated with such functions, such as stock-based compensation, and the cost of our former parent’s Springfield, Massachusetts corporate headquarters. In fiscal 2020, our former parent began operating a new distribution facility in Columbia, Missouri, which included shared distribution expenses between our former parent and us. In addition to the portion of our former parent’s corporate expenses allocated to us prior to the Separation, a portion of our former parent’s total distribution expenses were allocated to us. These expense allocations include selling, distribution, inventory management, warehouse, and fulfillment services provided by our former parent and the related benefit costs associated with such functions, such as stock-based compensation and the cost of our former parent’s Columbia, Missouri distribution facility. For the period prior to the Separation in fiscal 2021, we were allocated $2.7 million for such corporate expenses, which were included within general and administrative expenses in the consolidated and combined statements of operations and comprehensive income/(loss). During the fiscal years ended April 30, 2020 and 2019, we were allocated $8.7 million and $9.9 million, respectively, for such corporate expenses. For the period prior to the Separation in fiscal 2021, we were also allocated $1.9 million of such distribution expenses, which were included within cost of sales; selling, marketing, and distribution expenses; and general and administrative expenses in the consolidated and combined statements of operations and comprehensive income/(loss). For the fiscal year ended April 30, 2020, we were allocated $8.2 million of distribution expenses. Prior to the Separation, costs were allocated to us based on direct usage when identifiable or, when not directly identifiable, on the basis of proportional net sales, employee headcount, delivery units, or square footage, as applicable. We consider the basis on which the expenses have been allocated to reasonably reflect the utilization of services provided to, or the benefit received by, us during the periods presented. However, the allocations may not reflect the expenses we would have incurred if we had been a standalone company for the periods presented prior to the Separation. Actual costs that may have been incurred if we had been a standalone company would depend on a number of factors, including the organizational structure, whether functions were outsourced or performed by employees, and strategic decisions made in areas such as information technology and infrastructure. Going forward, we may perform these functions using our own resources or outsourced services. For a period following the Separation, however, some of these functions will continue to be provided by our former parent under a Transition Services Agreement. Additionally, we will provide some services to our former parent under such Transition Services Agreement. We also entered into certain commercial arrangements with our former parent in connection with the Separation. Prior to the Separation, our former parent utilized a centralized approach to cash management and financing its operations. The cash and cash equivalents held by our former parent at the corporate level were not specifically identifiable to us and therefore have not been reflected in our combined balance sheet. Cash transfers between us and our former parent were accounted for through former parent company investment. Cash and cash equivalents in the pre-Separation combined balance sheet represent cash and cash equivalents held by legal entities that were transferred to us or amounts otherwise attributable to us. The combined financial statements include certain assets and liabilities that have historically been held at our former parent’s corporate level, but are specifically identifiable or other attributable to us. Our former parent incurred debt and related debt issuance costs with respect to the acquisitions of the carved-out businesses. However, such debt has been refinanced since the consummation of these acquisitions, and the proceeds of such refinancing have been utilized for retirement of original debt obligations and the funding of other former parent expenditures. As a result, our former parent’s third-party long-term debt and the related interest expense have not been allocated to us for any of the periods presented as we were not the legal obligor of such debt. All intracompany transactions have been eliminated. All transactions between us and our former parent have been included in these consolidated and combined financial statements. The aggregate net effect of such transactions that are not historically settled in cash has been reflected in the consolidated and combined balance sheet as parent company investment and in the consolidated and combined statements of cash flows as net transfers to and from our former parent.
Reclassification	Reclassification We have adjusted the accompanying consolidated and combined balance sheet as of April 30, 2020 for an immaterial correction of an error to appropriately present deferred income taxes, in the amount of $3.6 million, as non-current, which was previously presented as a current asset.
Fiscal Year	Fiscal Year We operate and report using a fiscal year ending on April 30 of each year.
Use of Estimates	Use of Estimates In preparing the consolidated and combined financial statements in accordance with GAAP, we make estimates and assumptions that affect amounts reported in the consolidated and combined financial statements and accompanying notes. Our significant estimates include provisions for excess and obsolete inventory, accruals for freight, duty, and tariff costs on international inventory purchases, valuation of intangible assets, and realization of deferred tax assets. Actual
Principles of Consolidation	Principles of Consolidation The accompanying consolidated and combined financial statements include the accounts of our company and our wholly owned subsidiaries, including Battenfeld Technologies, Inc, or BTI, BTI Tools LLC, Crimson Trace Corporation, Ultimate Survival Technologies, LLC, or UST, and AOB Consulting (Shenzhen), Co., LTD. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in equity, and cash flows at April 30, 2021, 2020, and 2019 and for the periods presented, have been included. All intercompany accounts and transactions have been eliminated in consolidation.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Unless otherwise indicated, the fair values of all reported assets and liabilities, which represent financial instruments not held for trading purposes, approximate the carrying values of such amounts because of their short-term nature or market rates of interest.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments purchased with original maturities of three months or less at the date of acquisition to be cash equivalents.
Accounts Receivable and Allowance for Estimated Credit Losses	Accounts Receivable and Allowance for Estimated Credit Losses We record trade accounts receivable at net realizable value that include estimated allowances for trade terms, sales incentive programs, discounts, markdowns, chargebacks, and returns as discussed under Revenue Recognition below. We extend credit to our domestic customers and some foreign distributors based on their credit worthiness. We sometimes offer discounts for early payment on invoices. When we believe the extension of credit is not advisable, we rely on either a prepayment or a letter of credit. We write off balances deemed uncollectible by us against our allowance for credit loss accounts. We maintain an allowance for credit losses related to accounts receivable for future expected credit losses resulting from the inability or unwillingness of our customers to make required payments. We estimate our allowance for credit losses based on relevant information such as historical experience, current conditions, and future expectation and in relation to a representative pool of assets consisting of a large number of customers with similar risk characteristics and similar financial assets. The allowance is adjusted as appropriate to reflect differences in current conditions as well as changes in forecasted macroeconomic conditions. In November 2020, we entered into a factoring arrangement with a designated financial institution specifically designed to factor trade receivables with a certain customer that has extended terms, which are traditional to the customer’s industry. Under this factoring arrangement, from time to time, we sell this certain customer’s trade receivables at a discount on a non-recourse basis. These transactions are accounted for as sales and cash proceeds are included in cash provided by operating activities in the statement of cash flows. During the fiscal year ended April 30, 2021, we recorded an immaterial amount of factoring fees related to factoring transactions, which are included in other income/(expense), net on our consolidated and combined statement of operations.
Inventories	Inventories We state inventories at the lower of cost or net realizable value. We determine cost on the first-in, first-out method and net of discounts or rebates received from vendors. Provisions for potential non-saleable inventory due to excess stock or obsolescence are based upon a detailed review of inventory, past history, and expected future usage.
Property, Plant, and Equipment	Property, Plant, and Equipment We record property, plant, and equipment, consisting of leasehold improvements, machinery, equipment, software, hardware, furniture, and fixtures at cost and depreciate them using the straight-line method over their estimated useful lives. We recognize amortization expense for leasehold improvements over the shorter of their estimated useful lives or the lease terms and include them in depreciation and amortization expense. We charge expenditures for maintenance and repairs to earnings as incurred, and we capitalize additions, renewals, and betterments. Upon the retirement or other disposition of property and equipment, we remove the related cost and accumulated depreciation from the respective accounts and include any gain or loss in operations. A summary of the estimated useful lives is as follows: Description Useful Life Machinery and equipment 2 to 10 years Software and hardware 2 to 7 years Leasehold improvements 10 to 20 years We include tooling, dies, furniture, and fixtures as part of machinery and equipment and depreciate them over a period generally not exceeding 10 years. We assess the recoverability of assets whenever events or changes in circumstances suggest that the carrying value of an asset may not be recoverable. We recognize an impairment loss if the carrying amount of a long-lived asset is not recoverable based on its undiscounted future cash flows. We measure the impairment loss as the difference between the carrying amount and the fair value of the asset.
Intangible Assets	Intangible Assets We record intangible assets at cost or based on the fair value of the assets acquired. Intangible assets consist of developed technology, customer relationships, trademarks, trade names, and patents. We amortize intangible assets over their estimated useful lives or in proportion to expected yearly revenue generated from the intangibles that were acquired. Goodwill represents the excess of cost of an acquired business over the fair value of net tangible assets and identifiable intangible assets acquired. Goodwill is assigned at the reporting unit level.
Valuation of Goodwill and Long-lived Intangible Assets	Valuation of Goodwill and Long-lived Intangible Assets We evaluate the recoverability of long-lived intangible assets whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. When such evaluations indicate that the related future undiscounted cash flows are not sufficient to recover the carrying values of the assets, such carrying values are reduced to fair value and this adjusted carrying value becomes the asset’s new cost basis. We determine fair value, primarily using future anticipated cash flows that are directly associated with and are expected to arise as a direct result of the use and eventual disposition of the asset, or asset group, discounted using an interest rate commensurate with the risk involved. We have significant long-lived intangible assets, which are susceptible to valuation adjustments as a result of changes in various factors or conditions. The most significant long-lived intangible assets are developed technology, customer relationships, patents, trademarks, and trade names. We amortize all finite-lived intangible assets either on a straight-line basis or based upon patterns in which we expect to utilize the economic benefits of such assets. We initially determine the values of intangible assets by a risk-adjusted, discounted cash flow approach. We assess the potential impairment of identifiable intangible assets whenever events or changes in circumstances indicate that the carrying values may not be recoverable and at least annually. Factors we consider important, which could trigger an impairment of such assets, include the following: • significant underperformance relative to historical or projected future operating results; • significant changes in the manner or use of the assets or the strategy for our overall business; • significant negative industry or economic trends; • a significant decline in our stock price for a sustained period; and • a decline in our market capitalization below net book value. Future adverse changes in these or other unforeseeable factors could result in an impairment charge that could materially impact future results of operations and financial position in the reporting period identified. In accordance with Accounting Standard Codification, or ASC, 350, Intangibles-Goodwill and Other, As of our valuation date in fiscal 2021, we had $64.3 million of goodwill. During the annual impairment review process, we have the option to first perform a qualitative assessment, commonly referred to as “step zero”, over relative events and circumstances to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value or to perform a quantitative assessment where we estimate the fair value of each reporting unit using both an income and market approach. We completed a step zero assessment as of February 1, 2021, and concluded there were no indicators of impairment. If the qualitative step zero analysis indicates that its more likely than not that the fair value is less than the carrying value, we will perform a step one analysis. When we perform a step one analysis to assess the recoverability of our goodwill, we determine the estimated fair value of our reporting unit and compare it to the carrying value of the reporting unit, including goodwill. We estimate the fair value of our operating unit, under the step one analysis, using an equal weighting of the fair values derived from the income approach and the market approach because we believe a market participant would equally weight both approaches when valuing the operating unit. The income approach is based on the projected cash flows that are discounted to their present value using discount rates that consider the timing and risk of the forecasted cash flows. We estimate fair value using internally developed forecasts and assumptions. The discount rate used is the average estimated value of a market participant’s cost of capital and debt, derived using customary market metrics. Other significant assumptions include revenue growth rates, profitability projections, and terminal value growth rates. The market approach estimates fair values based on the determination of appropriate publicly traded market comparison companies and market multiples of revenue and earnings derived from those companies with similar operating and investment characteristics as the operating unit being valued. Finally, we compare and reconcile our overall fair value to our market capitalization in order to assess the reasonableness of the calculated fair values of our operating units. We recognize an impairment loss for goodwill if the implied fair value of goodwill is less than the carrying value. We have reviewed the provisions of ASC 350-20, with respect to the criteria necessary to evaluate the number of reporting units that exist. In prior years, we had concluded that we had two operating units when reviewing ASC 350-20: Outdoor Products & Accessories and Electro-Optics. However, in fiscal 2019, a combination of factors occurring in the firearms industry during the last few years, including changes in the political environment and reduced overall demand for both firearms and the accessories that are attached to firearms, such as laser sights, has resulted in us lowering our long-range sales volume, operating profit, and cash flow forecasts in our Electro-Optics operating unit. Based on those forecasts, we believed it was important to seek out efficiencies in that operating unit to increase operating performance and, as a result, decided to combine our Electro-Optics operating unit with our Outdoor Products & Accessories operating unit in fiscal 2019. The lowered forecasts and the decision to reorganize those operating units caused us to evaluate the fair value of our operating unit utilizing those forecasts. Because of that evaluation, we recorded a $10.4 million impairment of goodwill in our Electro-Optics operating unit during the three months ended January 31, 2019. Based on our review of ASC 350-20 subsequent to the reorganization of Electro-Optics into Outdoor Products & Accessories, we have determined that we now have one operating unit. On March 23, 2020, we determined that our business was expected to be negatively impacted by several factors related to the COVID-19 pandemic, including a major online retail customer’s decision to halt or delay most non-essential product orders, COVID-19-related supply chain issues, as well as COVID-19-related “stay at home” orders and sporting goods store closures, which reduced retail foot traffic in many states. Given the extreme market volatility, we relied solely on the income approach to derive the current value of our business. Based on these factors, we expected reduced cash flows in our business, and we believed this constituted a triggering event under generally accepted accounting principles. Based on the results of this evaluation, we recorded a $98.9 million non-cash impairment of goodwill during our fourth quarter of fiscal 2020. Our assumptions related to the development of fair value could deviate materially from actual results and forecasts used to support asset carrying values may change in the future, which could result in non-cash charges that would adversely affect our results of operations. The re-measurement of goodwill is classified as a Level 3 fair value assessment as described in Note 10 - Fair Value Measurement ,
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 customers 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 recognized reflects the expected consideration to be received for providing the goods or services to the customer, 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 . The following table sets forth certain information regarding trade channel net sales for the fiscal years ended April 30, 2021, 2020, and 2019 (dollars in thousands): 2021 2020 $ Change % Change 2019 e-commerce channels $ 108,726 $ 54,316 $ 54,410 100.2 % $ 47,429 Traditional channels 167,961 113,063 54,898 48.6 % 129,934 Total net sales $ 276,687 $ 167,379 $ 109,308 65.3 % $ 177,363 Our e-commerce channels include net sales from customers that do not operate a physical brick and mortar store, but generate the majority of their revenue from consumer purchases from their retail websites. Our traditional channels include customers that primarily operate out of physical brick and mortar stores and generate the large majority of revenue from consumer purchases in 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 fiscal years ended April 30, 2021, 2020, and 2019 (dollars in thousands): 2021 2020 $ Change % Change 2019 Domestic net sales $ 267,573 $ 160,905 $ 106,668 66.3 % $ 170,621 International net sales 9,114 6,474 2,640 40.8 % 6,742 Total net sales $ 276,687 $ 167,379 $ 109,308 65.3 % $ 177,363 Shipping and Handling In the accompanying consolidated and combined financial statements, we included amounts billed to customers for shipping and handling in net sales. We include costs relating to shipping and handling charges, including inbound freight charges and internal transfer costs, in cost of goods sold; however, costs incurred to distribute products to customers is included in distribution expenses.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold for our purchased finished goods includes the purchase costs and related overhead. We source most of our purchased finished goods from manufacturers in Asia. Cost of goods sold for our manufactured goods includes all materials, labor, and overhead costs incurred in the production process. Overhead includes all costs related to manufacturing or purchasing finished goods, including costs of planning, purchasing, quality control, depreciation, freight, duties, royalties, and shrinkage.
Research and Development	Research and Development We engage in both internal and external research and development, or R&D, in order to remain competitive and to exploit potential untapped market opportunities. We approve prospective R&D projects after analysis of the costs and benefits associated with the potential product. Costs in R&D expense include salaries, materials, utilities, and administrative costs.
Advertising	Advertising We expense advertising costs, primarily consisting of digital, printed, or television advertisements, either as incurred or upon the first occurrence of the advertising. Advertising expense, included in selling, marketing, and distribution expenses, totaled $14.4 million, $14.5 million, and $10.4 million in fiscal 2021, 2020, and 2019, respectively. 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.
Warranty	Warranty We generally provide either a limited lifetime, three-year, or one-year warranty program to the original purchaser of most of our products. We will also repair or replace certain products or parts found to be defective under normal use and service with an item of equivalent value, at our option, without charge during the warranty period. We provide for estimated warranty obligations in the period in which we recognize the related revenue. We quantify and record an estimate for warranty-related costs based on our actual historical claims experience and current repair costs. We make adjustments to accruals as warranty claims data and historical experience warrant. Should we experience actual claims and repair costs that are higher than the estimated claims and repair costs used to calculate the provision, our operating results for the period or periods in which such returns or additional costs materialize could be adversely impacted. In May 2018, we initiated a recall of certain models of our electro-optics products that incorporated diodes manufactured by a particular third party because the diodes failed to comply with a Food and Drug Administration, or FDA, standard for laser products. We have made efforts to notify all consumers that may be impacted by this recall. As of April 30, 2020, we had exhausted all efforts to notify customers, and, based on the level of warranty claim activity, we have reduced the recall reserve to an immaterial amount. We will continue to fulfill warranty claims as they are presented . Warranty expense for the fiscal years ended April 30, 2021, 2020, and 2019 amounted to $ 875,000 , $ 193,000 , and $ 135,000 , respectively . The following table sets forth the change in accrued warranties, a portion of which is recorded as a non-current liability, in the fiscal years ended April 30, 2021, 2020, and 2019 (in thousands): April 30, 2021 April 30, 2020 April 30, 2019 Beginning Balance 336 587 1,720 Warranties issued and adjustments to provisions 875 193 135 Changes related to preexisting product recall accruals - (180 ) (589 ) Warranty claims (494 ) (264 ) (679 ) Ending Balance 717 336 587
Rent Expense	Rent Expense We occasionally enter into non-cancelable operating leases for office space, distribution facilities, and equipment. Leases for real estate typically have initial terms ranging from one to 10 years, generally with renewal options. Leases for equipment typically have initial terms ranging from one to 10 years. Most leases have fixed rentals, with many of the real estate leases requiring additional payments for real estate taxes and occupancy-related costs. We record rent expense for leases containing landlord incentives or scheduled rent increases on a straight-line basis over the lease term beginning with the earlier of the lease commencement date or the date we take possession or control of the leased premises. See Note 3 – Leases
Self-insurance	Self-insurance Our former parent is self-insured for a significant portion of its employee medical, workers’ compensation, vehicle, property, and general liability exposures and records an accrual for its retained liability. Our former parent’s businesses, including us prior to Separation, were charged directly for their estimated share of the cost of these self-insured programs, and our share of the cost is included in the consolidated and combined statements of income/(loss) and comprehensive income/(loss). Our estimated share of our former parent retained liability for these programs has been reflected in the consolidated and combined balance sheet within accrued expenses. See Note 11 – Self-Insurance Reserves
Earnings/(Loss) per Share	Earnings/(Loss) per Share On August 24, 2020, the date of consummation of the Separation, our former parent distributed 13,975,104 shares of our common stock, par value $0.001 per share, to our former parent’s stockholders of record as of August 10, 2020, or the Record Date. We utilize this share amount for the calculation of basic and diluted earnings per share for all periods presented prior to the Separation as all common stock was owned by our former parent prior to the Separation. For the 2020 and 2019 year-to-date calculations, these shares are treated as issued and outstanding at April 30, 2020 and 2019, respectively, for purposes of calculating historical basic and diluted earnings per share. For periods prior to the Separation, it is assumed that there are no dilutive equity instruments as we had no stock-based awards outstanding prior to the Separation. We compute diluted earnings per share by giving effect to all potentially dilutive stock awards that are outstanding. For periods subsequent to the Separation, 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 fiscal year ended April 30, 2021. After the Separation, the weighted-average number of common shares outstanding for basic and diluted earnings per share for the fiscal year ended April 30, 2021 was based on the weighted-average number of actual common shares outstanding assuming the number of shares of AOUT common stock outstanding on August 24, 2020 had been outstanding at the beginning of each period presented. The following table provides a reconciliation of the net income/(loss) amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings/(loss) per common share (in thousands, except per share data): For the Years Ended April 30, 2021 2020 2019 Net Per Share Net Per Share Net Per Share Income Shares Amount Loss Shares Amount Loss Shares Amount Basic earnings/(loss) $ 18,405 13,997 $ 1.31 $ (96,201 ) 13,975 $ (6.88 ) $ (9,521 ) 13,975 $ (0.68 ) Effect of dilutive stock awards — 228 (0.02 ) — — — — — — Diluted earnings/(loss) $ 18,405 14,225 $ 1.29 $ (96,201 ) 13,975 $ (6.88 ) $ (9,521 ) 13,975 $ (0.68 )
Stock-Based Compensation	Stock-Based Compensation Our stock-based compensation awards consist of stock options, performance-based restricted stock units, or PSUs, and restricted stock units, or RSUs, all of which are based on our common shares. Compensation costs for all awards expected to vest are recognized over the vesting period, which generally vest annually in four-year Stock-Based Compensation
Income Taxes	Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes The provision for income taxes is based upon income reported in the accompanying consolidated and combined financial statements as required by ASC 740-10 . We determine deferred tax assets and liabilities based on temporary differences between financial reporting and tax bases in assets and liabilities and measure them by applying enacted rates and laws expected to be in place when the deferred items become subject to income tax or deductible for income tax purposes. We recognize the effect on deferred taxes and liabilities of a change in tax rates in the period that includes the enactment date. In assessing the realization of our deferred income tax assets, we consider whether it is more likely than not that the deferred income tax assets will be realized. The ultimate realization of our deferred income tax assets depends upon generating future taxable income during the periods in which our temporary differences become deductible and before our net operating loss carryforwards expire. We periodically evaluate the recoverability of our deferred income tax assets by assessing the need for a valuation allowance. If we determine that it is more likely than not that our deferred income tax assets will not be recovered, we establish a valuation allowance against some or all of our deferred income tax assets. Recording a valuation allowance could have a significant effect on our future results of o Prior to the Separation, income taxes were allocated in a manner that is systematic, rational, and consistent with the broad principles of ASC 740. Prior to the Separation, our operations have been included in our former parent federal consolidated tax return, certain foreign tax returns, and certain state tax returns. For the purposes of the financial statements presented on a “carve-out” basis, our income tax provisions were computed as if we filed separate tax returns (i.e., as if we had not been included in the consolidated income tax return group with our former parent). The separate return method applies ASC 740 to the combined financial statements of each member of a consolidated tax group as if the group member were a separate taxpayer. As a result, actual tax transactions included in the consolidated financial statements of our former parent may not be included in our consolidated and combined financial statements. Also, the tax treatment of certain items reflected in the consolidated and combined financial statements may not be reflected in the consolidated financial statements and tax returns of our former parent. It is conceivable that items such as net operating losses, other deferred taxes, uncertain tax positions, and valuation allowances may exist in the consolidated and combined financial statements that may or may not exist in our former parent’s consolidated financial statements. Since our results , prior to the Separation, were included in our former parent consolidated tax returns, payments to certain tax authorities were made by our former parent and not by us. For tax jurisdictions in which we are included with our former parent in a consolidated tax filing, we do not maintain taxes payable to or from our former parent and the payments are deemed to be settled immediately with the legal entities paying the tax in the respective tax jurisdictions through changes in parent company investment. Tax receivables in jurisdictions where we do not file a consolidated tax return with our former parent , such as certain state tax returns, are recorded as income tax receivable . Deferred income tax assets and liabilities, prior to the Separation, as presented in the combined balance sheet, reflect the net future tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.
Former Net Parent Company Investment	Former Net Parent Company Investment Former net parent company investment in the consolidated and combined balance sheet represents our former parent’s historical investment in us, the accumulated net earnings after taxes, and the net effect of the transactions with, and allocations from, our former parent. See Basis of Presentation Related Party Transactions
Concentrations of Credit Risk	Concentration of Risks Financial instruments that potentially subject us to concentration of credit risk consist principally of cash, cash equivalents, and trade receivables. We place our cash and cash equivalents in overnight U.S. government securities. Concentrations of credit risk with respect to trade receivables are limited by the large number of customers comprising our customer base and their geographic and business dispersion. We perform ongoing credit evaluations of our customers’ financial condition and generally do not require collateral. For the fiscal year ended April 30, 2021, one of our customers accounted for more than 10% of our net sales, accounting for $76.3 million, or 27.6% of our fiscal 2021 net sales. For the fiscal years ended April 30, 2020 and 2019, two of our external customers accounted for more than 10% of our net sales. These customers accounted for $37.9 million, or 22.9%, and $17.5 million, or 10.5%, of our fiscal 2020 net sales, respectively, and accounted for $36.8 million, or 20.8%, and $19.0 million, or 10.7%, of our fiscal 2019 net sales, respectively. As of April 30, 2021 and 2020, two of our customers exceeded 10% or more of our accounts receivable and accounted for $13.6 million, or 32.1%, and $4.5 million, or 10.7%, for our fiscal 2021 accounts receivable, respectively, and $12.5 million, or 35.6%, and $3.7 million, or 10.6% of our fiscal 2020 accounts receivable, respectively. As of April 30, 2019, three of our external customers exceeded 10% or more of our accounts receivable and accounted for $6.3 million, or 23.5%, $2.9 million, or 10.9%, and $2.7 million, or 10.2%, respectively, of our accounts receivable. We We source a majority of our purchased finished goods from Asia.
Legal and Other Contingencies	Legal and Other Contingencies We periodically assess liabilities and contingencies in connection with legal proceedings and other claims that may arise from time to time. When we believe it is probable that a loss has been or will be incurred, we record an estimate of the loss in the consolidated and combined financial statements. We adjust estimates of losses when additional information becomes available or circumstances change. We disclose a contingent liability when we believe there is at least a reasonable possibility that a material loss may have been incurred.
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards In May 2014, the Financial Accounting Standards Board, of FASB, issued Accounting Standard Update, or ASU, 2014-09, Revenue from Contracts with Customers (Topic 606) The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective for interim reporting periods beginning after December 15, 2017, and early adoption is permitted. Additionally, in March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing, which clarifies the identification of performance obligations and the licensing implementation guidance. In May 2016, the FASB issued ASU 2016-12, Narrow-Scope Improvements and Practical Expedients (Topic 606), which provides clarifying guidance in certain narrow areas and adds some practical expedients. The effective dates for these ASU’s are the same as the effective date for ASU 2014-09. We have evaluated the new standard against our existing accounting policies and practices, including reviewing standard purchase orders, invoices, shipping terms, and agreements with customers. We adopted the new standard on May 1, 2018 using the modified retrospective approach and will not restate our prior year consolidated and combined financial statements. The impact on our consolidated and combined financial statements was not material. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), Leases In June 2016, FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Recently Issued Accounting Standards In March 2020, the Financial Accounting Standards Board, or FASB, issued 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 or any other reference rate expected to be discontinued. We are currently evaluating the new guidance and the expected effect on our consolidated and combined 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. This ASU is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. We will adopt this ASU on May 1, 2021 and do not expect this new guidance to have a material effect on our consolidated and combined financial statements and related disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Summary of Estimated Useful Lives	A summary of the estimated useful lives is as follows: Description Useful Life Machinery and equipment 2 to 10 years Software and hardware 2 to 7 years Leasehold improvements 10 to 20 years
Schedule of Trade Channel Net Sales	The following table sets forth certain information regarding trade channel net sales for the fiscal years ended April 30, 2021, 2020, and 2019 (dollars in thousands): 2021 2020 $ Change % Change 2019 e-commerce channels $ 108,726 $ 54,316 $ 54,410 100.2 % $ 47,429 Traditional channels 167,961 113,063 54,898 48.6 % 129,934 Total net sales $ 276,687 $ 167,379 $ 109,308 65.3 % $ 177,363
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 fiscal years ended April 30, 2021, 2020, and 2019 (dollars in thousands): 2021 2020 $ Change % Change 2019 Domestic net sales $ 267,573 $ 160,905 $ 106,668 66.3 % $ 170,621 International net sales 9,114 6,474 2,640 40.8 % 6,742 Total net sales $ 276,687 $ 167,379 $ 109,308 65.3 % $ 177,363
Change in Accrued Warranties Recorded as Non-Current Liability	The following table sets forth the change in accrued warranties, a portion of which is recorded as a non-current liability, in the fiscal years ended April 30, 2021, 2020, and 2019 (in thousands): April 30, 2021 April 30, 2020 April 30, 2019 Beginning Balance 336 587 1,720 Warranties issued and adjustments to provisions 875 193 135 Changes related to preexisting product recall accruals - (180 ) (589 ) Warranty claims (494 ) (264 ) (679 ) Ending Balance 717 336 587
Reconciliation of Net Income/(Loss) Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings(Loss) per Common Share	The following table provides a reconciliation of the net income/(loss) amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings/(loss) per common share (in thousands, except per share data): For the Years Ended April 30, 2021 2020 2019 Net Per Share Net Per Share Net Per Share Income Shares Amount Loss Shares Amount Loss Shares Amount Basic earnings/(loss) $ 18,405 13,997 $ 1.31 $ (96,201 ) 13,975 $ (6.88 ) $ (9,521 ) 13,975 $ (0.68 ) Effect of dilutive stock awards — 228 (0.02 ) — — — — — — Diluted earnings/(loss) $ 18,405 14,225 $ 1.29 $ (96,201 ) 13,975 $ (6.88 ) $ (9,521 ) 13,975 $ (0.68 )

Leases (Tables)

Leases (Tables)	12 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Schedule of Assets and Liabilities Related to Operating Leases	The amounts of assets and liabilities related to our operating leases as of April 30, 2021 are as follows (in thousands): April 30, 2021 Operating Leases Right-of-use assets $ 27,449 Accumulated amortization (2,074 ) Right-of-use assets, net $ 25,375 Lease liabilities, current portion $ 1,771 Lease liabilities, net of current portion 24,780 Total operating lease liabilities $ 26,551
Schedule of Future Lease Payments for Operating Leases	Future lease payments for all our operating leases as of April 30, 2021, and for succeeding fiscal years, are as follows (in thousands): Operating 2022 $ 3,132 2023 3,005 2024 2,030 2025 2,059 2026 2,005 Thereafter 28,547 Total future lease payments 40,778 Less amounts representing interest (14,227 ) Present value of lease payments 26,551 Less current maturities of lease liabilities (1,771 ) Long-term maturities of lease liabilities $ 24,780

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Apr. 30, 2021
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 April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Finished goods $ 62,465 $ 50,171 Finished parts 4,629 3,499 Work in process 445 249 Raw material 6,757 6,080 Total inventories $ 74,296 $ 59,999

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	12 Months Ended
	Apr. 30, 2021
Property Plant And Equipment [Abstract]
Summary of Property, Plant, and Equipment	The following table summarizes property, plant, and equipment as of April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Machinery and equipment $ 15,041 $ 12,987 Software and hardware 5,075 4,960 Leasehold improvements 2,273 2,054 22,389 20,001 Less: Accumulated depreciation and amortization (13,181 ) (10,854 ) 9,208 9,147 Construction in progress 1,784 530 Total property, plant, and equipment, net $ 10,992 $ 9,677
Summary of Depreciation and Amortization Expense	The following table summarizes depreciation and amortization expense, which includes amortization of intangibles, by line item for the fiscal years ended April 30, 2021, 2020, and 2019 (in thousands): For the Years Ended April 30, 2021 2020 2019 Cost of sales $ 1,016 $ 1,837 $ 1,969 Research and development 43 83 81 Selling, marketing, and distribution 114 175 39 General and administrative (a) 18,653 21,814 22,901 Total depreciation and amortization $ 19,826 $ 23,909 $ 24,990 (a) General and administrative expenses included $16.3 million, $18.6 million, and $21.5 million of amortization for the fiscal years ended April 30, 2021, 2020, and 2019, respectively, which were recorded as a result of our acquisitions.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets	The following table summarizes intangible assets as of April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Customer relationships $ 89,980 $ (60,347 ) $ 29,633 $ 89,980 $ (51,049 ) $ 38,931 Developed technology 21,588 (14,456 ) 7,132 21,588 (12,529 ) 9,059 Patents, trademarks, and trade names 50,007 (34,308 ) 15,699 49,697 (29,229 ) 20,468 Backlog 1,150 (1,150 ) — 1,150 (1,150 ) — 162,725 (110,261 ) 52,464 162,415 (93,957 ) 68,458 Patents in progress 749 — 749 490 — 490 Total definite-lived intangible assets 163,474 (110,261 ) 53,213 162,905 (93,957 ) 68,948 Indefinite-lived intangible assets 430 — 430 204 — 204 Total intangible assets $ 163,904 $ (110,261 ) $ 53,643 $ 163,109 $ (93,957 ) $ 69,152
Schedule of Future Expected Amortization Expense	The following table represents future expected amortization expense as of April 30, 2021 (in thousands): Fiscal Amount 2022 13,876 2023 11,428 2024 9,689 2025 6,047 2026 4,954 Thereafter 6,470 Total $ 52,464

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes in Goodwill	Changes in goodwill are summarized as follows (in thousands): Total Goodwill Balance as of April 30, 2019 $ 163,246 Adjustments (2 ) Goodwill impairment (98,929 ) Balance as of April 30, 2020 64,315 Goodwill impairment — Balance as of April 30, 2021 $ 64,315

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Apr. 30, 2021
Payables And Accruals [Abstract]
Schedule of Accrued Expenses	The following table sets forth other accrued expenses as of April 30, 2021 and 2020 (in thousands): April 30, 2021 April 30, 2020 Accrued sales allowances $ 2,931 $ 2,441 Accrued freight 2,466 1,646 Accrued commissions 1,578 954 Accrued taxes other than income 1,052 197 Accrued warranty 717 336 Accrued professional fees 701 787 Accrued other 245 540 Accrued employee benefits 153 754 Total accrued expenses $ 9,843 $ 7,655

Self-Insurance Reserves (Tables

Self-Insurance Reserves (Tables)	12 Months Ended
	Apr. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Summary of Activity in Workers’ Compensation, Product Liability, and Medical/Dental Reserves	The following table summarizes the activity in the workers’ compensation, product liability, and medical/dental reserves in the fiscal year ended April 30, 2021 and 2020 (in thousands): For the years ended April 30, 2021 2020 Beginning balance $ 403 $ 615 Changes in provisions charged to expense (230 ) 1,530 Payments (115 ) (1,742 ) Ending balance $ 58 $ 403

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Apr. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share Based Payment Award Performance Shares Valuation Assumptions	We incorporate the following variables into the valuation model: For the Year Ended April 30, 2021 Grant date fair market value American Outdoor Brands, Inc. $ 13.30 Russell 2000 Index $ 1,504.59 Volatility (a) American Outdoor Brands, Inc. 47.54 % Russell 2000 Index 27.70 % Correlation coefficient (b) 0.48 Risk-free interest rate (c) 0.17 % Dividend yield (d) 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 (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 year ended April 30, 2021: For the Year Ended April 30, 2021 Risk-free interest rate 0.04% - 0.10% Expected term 6 months - 12 months Expected volatility 52.4% - 60.6% Dividend yield 0 %
2020 Incentive Compensation Plan | Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
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 fiscal year ended April 30, 2021 is as follows: For the Year Ended April 30, 2021 Weighted Total # of Average Restricted Grant Date Stock Units Fair Value RSUs and PSUs outstanding, beginning of period — — Shares granted as a result of conversion and employee transition 237,587 9.23 Awarded 244,364 14.10 Vested (51,438 ) 11.89 Forfeited (2,994 ) 11.82 RSUs and PSUs outstanding, end of period 427,519 $ 11.67

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Summary of Income Tax Expense/(Benefit) from Continuing Operations	Income tax expense/(benefit) from operations consists of the following (in thousands): For the Year Ended April 30, 2021 2020 2019 Current: Federal $ 8,356 $ 693 $ 2,833 State 1,085 149 583 Foreign 4 4 5 Total current 9,445 846 3,421 Deferred: Deferred federal (3,222 ) (11,266 ) (2,442 ) Deferred state (336 ) (1,233 ) (245 ) Total deferred (3,558 ) (12,499 ) (2,687 ) Total income tax expense/(benefit) $ 5,887 $ (11,653 ) $ 734
Summary of Reconciliation of Provision for Income Taxes from Continuing Operations	The following table presents a reconciliation of the provision for income taxes from operations at statutory rates to the provision (benefit) in the consolidated and combined financial statements (in thousands): For the Year Ended April 30, 2021 2020 2019 Federal income taxes expected at the statutory rate (a) $ 5,101 $ (22,649 ) $ (1,845 ) State income taxes, less federal income tax benefit 586 (1,117 ) 222 Stock compensation (83 ) 86 321 Business meals and entertainment 130 18 37 Research and development tax credit (288 ) (199 ) (218 ) Goodwill impairment — 11,741 2,183 Other 441 467 3 Federal tax rate change on deferred taxes — — 31 Total income tax expense/(benefit) $ 5,887 $ (11,653 ) $ 734
Summary of Deferred Tax Assets (Liabilities) Related to Temporary Differences	Deferred tax assets (liabilities) related to temporary differences are the following (in thousands): April 30, 2021 April 30, 2020 Non-current tax assets (liabilities): Inventories $ 1,241 $ 924 Accrued expenses, including compensation 2,827 1,415 Product liability 6 — Workers' compensation 8 27 Warranty reserve 165 78 Stock-based compensation 592 376 State bonus depreciation 51 43 Property taxes 9 — Property, plant, and equipment (1,696 ) (1,705 ) Intangible assets 3,500 2,219 Right-of Use assets (5,879 ) (627 ) Right-of Use lease liabilities 6,152 950 Pension — 19 Other (52 ) (139 ) Less valuation allowance (241 ) — Net deferred tax asset/(liability) — total $ 6,683 $ 3,580

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Schedule of Operating Leases Expiration Date for Office and/or Manufacturing Space	The following summarizes our operating leases for office and/or manufacturing space: Location of Lease Expiration Date Wilsonville, Oregon October 31, 2022 Shenzhen, China August 31, 2023 Columbia, Missouri (1) April 30, 2023 Chicopee, Massachusetts May 31, 2025 Columbia, Missouri December 31, 2038 (1) Property is subleased.

Background and Basis of Prese_2

Background and Basis of Presentation - Additional Information (Details) $ in Millions	4 Months Ended	12 Months Ended
	Aug. 24, 2020USD ($)	Apr. 30, 2021BrandLane	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)
Background And Basis Of Presentation [Line Items]
Number of brand lanes | BrandLane		4
Corporate expenses	$ 2.7		$ 8.7	$ 9.9
Distribution expenses	$ 1.9		8.2
Deferred Income Taxes Non Current
Background And Basis Of Presentation [Line Items]
Deferred income taxes			$ 3.6

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)	Aug. 24, 2020$ / sharesshares	Aug. 23, 2020shares	Apr. 30, 2020USD ($)$ / shares	Jan. 31, 2019USD ($)	Apr. 30, 2021USD ($)SegmentCustomer$ / sharesshares	Apr. 30, 2020USD ($)Customer$ / sharesshares	Apr. 30, 2019USD ($)Customershares
Product Information [Line Items]
Maximum maturity period of all highly liquid investments to be considered cash equivalents					3 months
Goodwill			$ 64,315,000		$ 64,315,000	$ 64,315,000	$ 163,246,000
Goodwill impairment			$ 98,900,000		$ 0	98,929,000	10,396,000
Number of operating unit | Segment					1
Warranty expense					$ 875,000	$ 193,000	$ 135,000
Common stock, par value | $ / shares			$ 0.001		$ 0.001	$ 0.001
Number of dilutive equity instruments | shares		0			14,225,000	13,975,000	13,975,000
Stock-based awards outstanding | shares		0
Shares excluded from computation of diluted earnings per share | shares					0
Vesting period					4 years
Net sales					$ 276,687,000	$ 167,379,000	$ 177,363,000
Accounts receivable			$ 35,096,000		42,261,000	35,096,000
Right-of-use assets			2,772,000		25,375,000	$ 2,772,000
Lease liabilities recognition					$ 26,551,000
Sales Revenue Net | Customer Concentration Risk
Product Information [Line Items]
Number of customer | Customer					1	2	2
Sales Revenue Net | Customer Concentration Risk | Customer One
Product Information [Line Items]
Net sales					$ 76,300,000	$ 37,900,000	$ 36,800,000
Concentration risk, percentage					27.60%	22.90%	20.80%
Sales Revenue Net | Customer Concentration Risk | Customer Two
Product Information [Line Items]
Net sales						$ 17,500,000	$ 19,000,000
Concentration risk, percentage						10.50%	10.70%
Accounts Receivable | Credit Concentration Risk
Product Information [Line Items]
Number of customer | Customer					2	2	3
Accounts Receivable | Credit Concentration Risk | Customer One
Product Information [Line Items]
Concentration risk, percentage					32.10%	35.60%	23.50%
Accounts receivable			12,500,000		$ 13,600,000	$ 12,500,000	$ 6,300,000
Accounts Receivable | Credit Concentration Risk | Customer Two
Product Information [Line Items]
Concentration risk, percentage					10.70%	10.60%	10.90%
Accounts receivable			$ 3,700,000		$ 4,500,000	$ 3,700,000	$ 2,900,000
Accounts Receivable | Credit Concentration Risk | Customer Three
Product Information [Line Items]
Concentration risk, percentage							10.20%
Accounts receivable							$ 2,700,000
Former Parent Stockholders
Product Information [Line Items]
Common stock, shares distributed | shares	13,975,104
Common stock, par value | $ / shares	$ 0.001
Selling, Marketing, and Distribution Expenses
Product Information [Line Items]
Advertising expense					$ 14,400,000	$ 14,500,000	$ 10,400,000
ASU 2014-09
Product Information [Line Items]
Description of payment terms					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.
Change in accounting principle, accounting standards update, adopted [true false]					true
Change in accounting principle accounting standards update adoption date					May 1, 2018
Change in accounting principle, accounting standards update, early adoption [true false]					true
Change in accounting principle, accounting standards update, immaterial effect [true false]					true
ASU 2016-02
Product Information [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]					true
Change in accounting principle, accounting standards update, early adoption [true false]					true
Change in accounting principle, accounting standards update, immaterial effect [true false]					true
Right-of-use assets					$ 3,400,000
Lease liabilities recognition					4,500,000
Reclassification of deferred rent and lease incentive liabilities related to real estate operating leases					$ 1,100,000
ASU 2016-13
Product Information [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]					true
Change in accounting principle accounting standards update adoption date					May 1, 2020
Change in accounting principle, accounting standards update, immaterial effect [true false]					true
Outdoor Products & Accessories Segment | Electro-Optics Division
Product Information [Line Items]
Goodwill impairment				$ 10,400,000
Maximum
Product Information [Line Items]
Product shipment days					90 days
Maximum | Real Estate Leases
Product Information [Line Items]
Leases initial terms					10 years
Maximum | Equipment Leases
Product Information [Line Items]
Leases initial terms					10 years
Minimum
Product Information [Line Items]
Product shipment days					20 days
Large amount of tax benefit realized percentage upon ultimate settlement with related tax authority					50.00%
Minimum | Real Estate Leases
Product Information [Line Items]
Leases initial terms					1 year
Minimum | Equipment Leases
Product Information [Line Items]
Leases initial terms					1 year
Other Capitalized Property Plant and Equipment | Maximum
Product Information [Line Items]
Estimated useful life					10 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives (Details)	12 Months Ended
	Apr. 30, 2021
Machinery and Equipment | Minimum
Property Plant And Equipment [Line Items]
Estimated useful life	2 years
Machinery and Equipment | Maximum
Property Plant And Equipment [Line Items]
Estimated useful life	10 years
Software and Hardware | Minimum
Property Plant And Equipment [Line Items]
Estimated useful life	2 years
Software and Hardware | Maximum
Property Plant And Equipment [Line Items]
Estimated useful life	7 years
Leasehold Improvements | Minimum
Property Plant And Equipment [Line Items]
Estimated useful life	10 years
Leasehold Improvements | Maximum
Property Plant And Equipment [Line Items]
Estimated useful life	20 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Trade Channel Net Sales (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Disaggregation Of Revenue [Line Items]
Total net sales	$ 276,687	$ 167,379	$ 177,363
Change in Total net sales	$ 109,308
% Change in Total net sales	65.30%
E-Commerce Channels
Disaggregation Of Revenue [Line Items]
Total net sales	$ 108,726	54,316	47,429
Change in Total net sales	$ 54,410
% Change in Total net sales	100.20%
Traditional Channels
Disaggregation Of Revenue [Line Items]
Total net sales	$ 167,961	$ 113,063	$ 129,934
Change in Total net sales	$ 54,898
% Change in Total net sales	48.60%

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Geographic Makeup of Net Sales (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Disaggregation Of Revenue [Line Items]
Total net sales	$ 276,687	$ 167,379	$ 177,363
Change in Total net sales	$ 109,308
% Change in Total net sales	65.30%
Domestic Net Sales
Disaggregation Of Revenue [Line Items]
Total net sales	$ 267,573	160,905	170,621
Change in Total net sales	$ 106,668
% Change in Total net sales	66.30%
International Net Sales
Disaggregation Of Revenue [Line Items]
Total net sales	$ 9,114	$ 6,474	$ 6,742
Change in Total net sales	$ 2,640
% Change in Total net sales	40.80%

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Change in Accrued Warranties Recorded as Non-Current Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Accounting Policies [Abstract]
Beginning Balance	$ 336	$ 587	$ 1,720
Warranties issued and adjustments to provisions	875	193	135
Changes related to preexisting product recall accruals		(180)	(589)
Warranty claims	(494)	(264)	(679)
Ending Balance	$ 717	$ 336	$ 587

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Reconciliation of Net Income/(Loss) Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings(Loss) per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	Aug. 23, 2020	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Earnings Per Share [Abstract]
Basic earnings/(loss)		$ 18,405	$ (96,201)	$ (9,521)
Diluted earnings/(loss)		$ 18,405	$ (96,201)	$ (9,521)
Basic		13,997,000	13,975,000	13,975,000
Effect of dilutive stock awards, Shares		228,000
Diluted earnings/(loss), Shares	0	14,225,000	13,975,000	13,975,000
Basic earnings/(loss), Per Share Amount		$ 1.31	$ (6.88)	$ (0.68)
Effect of dilutive stock awards, Per Share Amount		(0.02)
Diluted earnings/(loss), Per Share Amount		$ 1.29	$ (6.88)	$ (0.68)

Leases - Schedule of Assets and

Leases - Schedule of Assets and Liabilities Related to Operating Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Operating Leases
Right-of-use assets	$ 27,449
Accumulated amortization	(2,074)
Right-of-use assets, net	25,375	$ 2,772
Lease liabilities, current portion	1,771	1,324
Lease liabilities, net of current portion	24,780	$ 2,830
Total operating lease liabilities	$ 26,551

Leases - Additional Information

Leases - Additional Information (Details)	Aug. 24, 2020USD ($)Installment	Apr. 30, 2021USD ($)	Apr. 30, 2020USD ($)
Lessee Lease Description [Line Items]
Operating lease cost		$ 3,100,000
Short-term operating lease costs		$ 263,000
Operating lease, weighted average lease term		16 years 8 months 12 days
Operating lease, weighted average discount rate		5.30%
Operating right-of-use lease asset		$ 25,375,000	$ 2,772,000
Operating lease, liability		26,551,000
Cash paid for amounts included in measurement of liabilities and operating cash flows		1,500,000
Corporate Headquarters
Lessee Lease Description [Line Items]
Operating sublease, term of contract	18 years
Percentage of fair market value of subleased building space	90.00%
Operating right-of-use lease asset	$ 24,500,000
Operating lease, liability	$ 24,500,000
Operating lease, effective interest rate	5.40%
Number of monthly installments | Installment	216
Office Space
Lessee Lease Description [Line Items]
Reduction of Right-Of-Use asset		640,000
Reduction of lease liability		640,000
Office Space | Bentonville, Arkansas
Lessee Lease Description [Line Items]
Reduction of Right-Of-Use asset		240,000
Reduction of lease liability		240,000
Administrative Office Space
Lessee Lease Description [Line Items]
Operating right-of-use lease asset		369,000
Operating lease, liability		$ 369,000

Leases - Schedule of Future Lea

Leases - Schedule of Future Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Operating
2022	$ 3,132
2023	3,005
2024	2,030
2025	2,059
2026	2,005
Thereafter	28,547
Total future lease payments	40,778
Less amounts representing interest	(14,227)
Total operating lease liabilities	26,551
Less current maturities of lease liabilities	(1,771)	$ (1,324)
Long-term maturities of lease liabilities	$ 24,780	$ 2,830

Inventory - Summary of Inventor

Inventory - Summary of Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Inventory Disclosure [Abstract]
Finished goods	$ 62,465	$ 50,171
Finished parts	4,629	3,499
Work in process	445	249
Raw material	6,757	6,080
Total inventories	$ 74,296	$ 59,999

Property, Plant, and Equipmen_2

Property, Plant, and Equipment - Summary of Property, Plant, and Equipment (Detail) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Property Plant And Equipment [Abstract]
Machinery and equipment	$ 15,041	$ 12,987
Software and hardware	5,075	4,960
Leasehold improvements	2,273	2,054
Property plant and equipment gross	22,389	20,001
Less: Accumulated depreciation and amortization	(13,181)	(10,854)
Property plant and equipment before construction in progress	9,208	9,147
Construction in progress	1,784	530
Total property, plant, and equipment, net	$ 10,992	$ 9,677

Property, Plant, and Equipmen_3

Property, Plant, and Equipment - Additional Information (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Property Plant And Equipment [Line Items]
Depreciation	$ 3,500,000	$ 3,400,000	$ 2,800,000
Leasehold improvements	$ 2,273,000	2,054,000
Columbia, Missouri
Property Plant And Equipment [Line Items]
Leasehold improvements		2,200,000
Impairment of leasehold improvement		$ 713,000

Property, Plant, and Equipmen_4

Property, Plant, and Equipment - Summary of Depreciation and Amortization Expense (Detail) - USD ($) $ in Thousands		12 Months Ended
		Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Depreciation And Other Amortization Expenses [Line Items]
Depreciation and amortization		$ 19,826	$ 23,909	$ 24,990
Cost of Sales
Depreciation And Other Amortization Expenses [Line Items]
Depreciation and amortization		1,016	1,837	1,969
Research and Development
Depreciation And Other Amortization Expenses [Line Items]
Depreciation and amortization		43	83	81
Selling, Marketing, and Distribution Expenses
Depreciation And Other Amortization Expenses [Line Items]
Depreciation and amortization		114	175	39
General and Administrative
Depreciation And Other Amortization Expenses [Line Items]
Depreciation and amortization	[1]	$ 18,653	$ 21,814	$ 22,901
[1]	General and administrative expenses included $16.3 million, $18.6 million, and $21.5 million of amortization for the fiscal years ended April 30, 2021, 2020, and 2019, respectively, which were recorded as a result of our acquisitions.

Property, Plant, and Equipmen_5

Property, Plant, and Equipment - Summary of Depreciation and Amortization Expense (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Property Plant And Equipment [Abstract]
Amortization expenses recorded as a result of acquisition	$ 16.3	$ 18.6	$ 21.5

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	$ 163,474	$ 162,905
Total definite-lived intangible assets, Accumulated Amortization	(110,261)	(93,957)
Total definite-lived intangible assets, Net Carrying Amount	53,213	68,948
Indefinite-lived intangible assets, Net Carrying Amount	430	204
Total Intangible assets, Gross Carrying Amount	163,904	163,109
Total Intangible assets, Net Carrying Amount	53,643	69,152
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	(60,347)	(51,049)
Total definite-lived intangible assets, Net Carrying Amount	29,633	38,931
Developed Technology
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	21,588	21,588
Total definite-lived intangible assets, Accumulated Amortization	(14,456)	(12,529)
Total definite-lived intangible assets, Net Carrying Amount	7,132	9,059
Patents, Trademarks, and Trade Names
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	50,007	49,697
Total definite-lived intangible assets, Accumulated Amortization	(34,308)	(29,229)
Total definite-lived intangible assets, Net Carrying Amount	15,699	20,468
Backlog
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,150	1,150
Total definite-lived intangible assets, Accumulated Amortization	(1,150)	(1,150)
Definite-lived Intangible Assets Excluding Patents in Progress
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	162,725	162,415
Total definite-lived intangible assets, Accumulated Amortization	(110,261)	(93,957)
Total definite-lived intangible assets, Net Carrying Amount	52,464	68,458
Patents in Progress
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	749	490
Total definite-lived intangible assets, Net Carrying Amount	$ 749	$ 490

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 16,300,000	$ 18,900,000	$ 21,600,000
Weighted-average period for amortization of intangible assets	5 years
Impairment charges for long-lived intangible assets	$ 0	$ 0	$ 0
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets	5 years
Developed 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	5 years

Intangible Assets - Schedule of

Intangible Assets - Schedule of Future Expected Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Net Carrying Amount	$ 53,213	$ 68,948
Definite-lived Intangible Assets Excluding Patents in Progress
Finite-Lived Intangible Assets [Line Items]
2022	13,876
2023	11,428
2024	9,689
2025	6,047
2026	4,954
Thereafter	6,470
Total definite-lived intangible assets, Net Carrying Amount	$ 52,464	$ 68,458

Goodwill - Summary of Changes i

Goodwill - Summary of Changes in Goodwill (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance		$ 64,315,000	$ 163,246,000
Adjustments			(2,000)
Goodwill impairment	$ (98,900,000)	0	(98,929,000)	$ (10,396,000)
Ending balance	$ 64,315,000	$ 64,315,000	$ 64,315,000	$ 163,246,000

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Accumulated goodwill impairment charges		$ 109,300,000
Goodwill gross		173,600,000
Impairment of goodwill	$ 98,900,000	$ 0	$ 98,929,000	$ 10,396,000

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Payables And Accruals [Abstract]
Accrued sales allowances	$ 2,931	$ 2,441
Accrued freight	2,466	1,646
Accrued commissions	1,578	954
Accrued taxes other than income	1,052	197
Accrued warranty	717	336
Accrued professional fees	701	787
Accrued other	245	540
Accrued employee benefits	153	754
Total accrued expenses	$ 9,843	$ 7,655

Debt - Additional Information (

Debt - Additional Information (Details) - Revolving Line of Credit - USD ($)	Aug. 24, 2020	Apr. 30, 2021
Debt Instrument [Line Items]
Revolving line of credit, borrowing capacity	$ 50,000,000
Revolving line of credit maturing term	5 years
Additional increase in credit commitment	$ 15,000,000
Interest rate, description		The revolving line bears interest at a fluctuating rate equal to the Base Rate or LIBOR, as applicable, plus the applicable margin.
Revolving line of credit		$ 0
Debt issuance costs included as part of other assets		$ 410,000
Minimum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	0.75%
Maximum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	2.25%
LIBOR
Debt Instrument [Line Items]
Borrowings interest rate		1.93%

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial assets	$ 0
Financial liabilities	0
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	$ 60,800,000	$ 234,000

Self-Insurance Reserves - Summa

Self-Insurance Reserves - Summary of Activity in Workers' Compensation, Product Liability, and Medical/Dental Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Beginning balance	$ 403	$ 615
Changes in provisions charged to expense	(230)	1,530
Payments	(115)	(1,742)
Ending balance	$ 58	$ 403

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details)	12 Months Ended
	Apr. 30, 2021USD ($)Planshares	Apr. 30, 2020USD ($)shares	Apr. 30, 2019USD ($)shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of incentive stock plans | Plan	2
Incremental stock-based compensation expense | $	$ 711,000
Vesting period of incremental stock-based compensation expense to be recognized	1 year 3 months 18 days
Awards granted, vesting period	4 years
Performance based restricted stock unit performance period	3 years
Percentage of maximum aggregate award granted	200.00%
Percentage of stock outperform in order for target award to vest	5.00%
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	85.00%
Number of shares an employee may purchase under the stock purchase plan	2,500
Shares issued under employee stock purchase plan | $	$ 25,000
Shares purchased by employees under employee stock purchase plan	34,947
Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled	2,994	37,417	11,462
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled		14,400
Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested awards, unrecognized compensation expense | $	$ 2,400,000
Unvested awards, unrecognized compensation expense recognition period	1 year 8 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 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.
Executive Officers, Non-Executive Officer Employees and Directors [Member] | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted	166,319
Employees | Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted		81,416	64,191
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 (benefit) | $	$ 2,900,000	$ 850,000	$ 2,300,000
Cost of Sales, Sales and Marketing, Research and Development, and General and Administrative Expenses | Employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense (benefit) | $		607,000	1,100,000
Cost of Sales, Sales and Marketing, Research and Development, and General and Administrative Expenses | SWBI Corporate and Shared Employee
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense (benefit) | $	$ 224,000	244,000	1,200,000
Minimum | 2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Payroll deduction of participant's compensation	1.00%
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
Payroll deduction of participant's compensation	20.00%
2020 Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock remain available for issuance	0
Stock options exercisable period	10 years
2020 Incentive Compensation Plan | Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted	244,364
Awards cancelled	2,994
2020 Incentive Compensation Plan | Executive Officers and Employees | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted	78,045
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 | $	$ 891,000
2020 Incentive Compensation Plan | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Incentive stock plans grants vest over in period	3 years
2020 Incentive Compensation Plan | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized to be issued	1,397,510
Incentive stock plans grants vest over in period	4 years
Former Parent's 2013 Incentive Stock Plan | Employees | 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 | $		$ 494,000	$ 519,000
Former Parent's 2013 Incentive Stock Plan | Employees | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted		44,871	28,800

Stock-Based Compensation - Shar

Stock-Based Compensation - Share Based Payment Award Performance Shares Valuation Assumptions (Details) - PSUs	12 Months Ended
	Apr. 30, 2021CorrelationCoefficient$ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Correlation coefficient | CorrelationCoefficient	0.48	[1]
Risk-free interest rate	0.17%	[2]
Dividend yield	0.00%	[3]
American Outdoor Brands, Inc.
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value	$ 13.30
Volatility	47.54%	[4]
Russell 2000 Index
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair market value	$ 1,504.59
Volatility	27.70%	[4]
[1]	The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions.
[2]	The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year
[3]	We do not expect to pay dividends in the foreseeable future.
[4]	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.

Stock-Based Compensation - Sh_2

Stock-Based Compensation - Share Based Payment Award Performance Shares Valuation Assumptions (Parenthetical) (Details)	12 Months Ended
	Apr. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance based restricted stock unit performance period	3 years
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance based restricted stock unit performance period	3 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Activity for Unvested RSUs and PSUs (Details) - 2020 Incentive Compensation Plan - Service-based RSUs and PSUs	12 Months Ended
	Apr. 30, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares granted as a result of conversion and employee transition, Total # of restricted stock units | shares	237,587
Awarded, Total # of restricted stock units | shares	244,364
Vested, Total # of restricted stock units | shares	(51,438)
Forfeited, Total # of restricted stock units | shares	(2,994)
RSUs and PSUs outstanding, end of period, Total # of restricted stock units | shares	427,519
Weighted average grant date fair value, shares granted as a result of conversion and employee transition | $ / shares	$ 9.23
Grant date fair market value | $ / shares	14.10
Weighted average grant date fair value, Vested | $ / shares	11.89
Weighted average grant date fair value, Forfeited | $ / shares	11.82
Weighted average grant date fair value, end of period | $ / shares	$ 11.67

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Assumptions Used In Valuing ESPP Purchase Under ESPP (Details) - 2020 Employee Stock Purchase Plan	12 Months Ended
	Apr. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate, minimum	0.04%
Risk-free interest rate, maximum	0.10%
Expected volatility, minimum	52.40%
Expected volatility, maximum	60.60%
Dividend yield	0.00%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	6 months
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	12 months

Employer Sponsored Benefit Pl_2

Employer Sponsored Benefit Plans - Additional Information (Detail)	12 Months Ended
	Apr. 30, 2021USD ($)	Apr. 30, 2020USD ($)InvestmentPlan	Apr. 30, 2019USD ($)
Contributory Defined Investment Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, matching contribution percentage	6.00%
Employer contribution to defined benefit plan	$ 461,000
Contributory Defined Investment Plan | Smith & Wesson Brands, Inc.
Defined Contribution Plan Disclosure [Line Items]
Employer contribution to defined benefit plan		$ 215,000	$ 384,000
Number of contributory defined investment plan | InvestmentPlan		2
Deferred compensation plan description	Prior to the Separation, our employees participated in two contributory defined investment plans sponsored by our former parent, subject to service requirements.  For one plan, employees could contribute up to 100% of their annual pay with no employer matching contributions. For the other plan, employees could contribute from 1% to 30% of their annual pay and our former parent generally made discretionary matching contributions of up to 50% of the first 6% of employee contributions to the plan.
Contributory Defined Investment Plan | Smith & Wesson Brands, Inc. | Retirement Plan One
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employee contribution percentage		100.00%
Defined contribution plan, matching contribution percentage		0.00%
Contributory Defined Investment Plan | Smith & Wesson Brands, Inc. | Retirement Plan Two
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, matching contribution percentage		6.00%
Contributory Defined Investment Plan | Minimum
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employee contribution percentage	1.00%
Contributory Defined Investment Plan | Minimum | Smith & Wesson Brands, Inc. | Retirement Plan Two
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employee contribution percentage		1.00%
Contributory Defined Investment Plan | Maximum
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employee contribution percentage	30.00%
Defined contribution plan, matching contribution percentage of match	50.00%
Contributory Defined Investment Plan | Maximum | Smith & Wesson Brands, Inc. | Retirement Plan Two
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employee contribution percentage		30.00%
Defined contribution plan, matching contribution percentage of match		50.00%
Non-Contributory Profit Sharing Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan service period	1 year
Defined contribution plan expected contribution	$ 1,900,000	$ 217,000	$ 278,000

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Expense/(Benefit) from Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Current:
Federal	$ 8,356	$ 693	$ 2,833
State	1,085	149	583
Foreign	4	4	5
Total current	9,445	846	3,421
Deferred:
Deferred federal	(3,222)	(11,266)	(2,442)
Deferred state	(336)	(1,233)	(245)
Total deferred	(3,558)	(12,499)	(2,687)
Total income tax expense/(benefit)	$ 5,887	$ (11,653)	$ 734

Income Taxes - Summary of Recon

Income Taxes - Summary of Reconciliation of Provision from Income Taxes from Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Federal income taxes expected at the statutory rate	$ 5,101	$ (22,649)	$ (1,845)
State income taxes, less federal income tax benefit	586	(1,117)	222
Stock compensation	(83)	86	321
Business meals and entertainment	130	18	37
Research and development tax credit	(288)	(199)	(218)
Goodwill impairment		11,741	2,183
Other	441	467	3
Federal tax rate change on deferred taxes			31
Total income tax expense/(benefit)	$ 5,887	$ (11,653)	$ 734

Income Taxes - Summary of Rec_2

Income Taxes - Summary of Reconciliation of Provision from Income Taxes from Operations (Parenthetical) (Details)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Federal statutory rate	21.00%	21.00%	21.00%

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Tax Assets (Liabilities) Related to Temporary Differences (Details) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Non-current tax assets (liabilities):
Less valuation allowance	$ (241,000)	$ 0
Non Current
Non-current tax assets (liabilities):
Inventories	1,241,000	924,000
Accrued expenses, including compensation	2,827,000	1,415,000
Product liability	6,000
Workers' compensation	8,000	27,000
Warranty reserve	165,000	78,000
Stock-based compensation	592,000	376,000
State bonus depreciation	51,000	43,000
Property taxes	9,000
Property, plant, and equipment	(1,696,000)	(1,705,000)
Intangible assets	3,500,000	2,219,000
Right-of Use assets	(5,879,000)	(627,000)
Right-of Use lease liabilities	6,152,000	950,000
Pension		19,000
Other	(52,000)	(139,000)
Less valuation allowance	(241,000)
Net deferred tax asset/(liability) — total	$ 6,683,000	$ 3,580,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Income Tax Contingency [Line Items]
Deferred tax assets valuation allowance	$ 241,000	$ 0
Effective tax rate	24.20%	10.80%	(8.40%)
Effective tax rate excluding impact of non-cash goodwill impairment charges		17.40%	45.60%
Undistributed earnings of foreign subsidiary	$ 171,000
Gross tax-effected unrecognized tax benefits	0	$ 0
Federal
Income Tax Contingency [Line Items]
Net operating loss carryforwards	0	0
Credits	0	0
State
Income Tax Contingency [Line Items]
Net operating loss carryforwards	0	0
Credits	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Operating Leases Expiration Date for Office and/or Manufacturing Space (Detail)	12 Months Ended
	Apr. 30, 2021
Wilsonville, Oregon | October 31, 2022
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Oct. 31, 2022
Shenzhen, China | August 31, 2023
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Aug. 31, 2023
Columbia, Missouri | April 30, 2023
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Apr. 30, 2023
Columbia, Missouri | December 31, 2038
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Dec. 31, 2038
Chicopee, Massachusetts | May 31, 2025
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	May 31, 2025

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	12 Months Ended
	Apr. 30, 2021BrandLaneSegmentBrand
Segment Reporting [Abstract]
Number of operating segments | Segment	1
Number of distinct brands | Brand	20
Number of brand lanes | BrandLane	4

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)	Aug. 24, 2020	Aug. 31, 2020	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Related Party Transaction [Line Items]
Related party sales			$ 2,400,000	$ 15,100,000	$ 17,500,000
Inventories			74,296,000	59,999,000
Smith & Wesson Brands, Inc.
Related Party Transaction [Line Items]
Inventories				435,000	521,000
Related party interest income, net		$ 424,000		5,000,000	5,200,000
Due from related parties				85,000,000
Amount capitalized in cash as part of separation	$ 25,000,000
Net Sales | Smith & Wesson Brands, Inc.
Related Party Transaction [Line Items]
Related party sales			$ 2,400,000	$ 15,100,000	$ 17,500,000