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SEC Filings

8-K
AMERICAN OUTDOOR BRANDS CORP filed this Form 8-K on 09/07/2017
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AMERICAN OUTDOOR BRANDS CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

     As of  
     July 31, 2017
(unaudited)
    April 30, 2017  
     (In thousands, except par value and share data)  
ASSETS  

Current assets:

    

Cash and cash equivalents

   $ 43,372     $ 61,549  

Accounts receivable, net of allowance for doubtful accounts of $914 on July 31, 2017 and $598 on April 30, 2017

     92,720       108,444  

Inventories

     161,067       131,682  

Prepaid expenses and other current assets

     8,356       6,123  

Income tax receivable

     12,233       10,643  
  

 

 

   

 

 

 

Total current assets

     317,748       318,441  
  

 

 

   

 

 

 

Property, plant, and equipment, net

     145,922       149,685  

Intangibles, net

     135,678       141,317  

Goodwill

     169,100       169,017  

Other assets

     9,674       9,576  
  

 

 

   

 

 

 
   $ 778,122     $ 788,036  
  

 

 

   

 

 

 
LIABILITIES AND STOCKHOLDERS’ EQUITY  

Current liabilities:

    

Accounts payable

   $ 40,037     $ 53,447  

Accrued expenses

     44,876       51,686  

Accrued payroll and incentives

     9,169       21,174  

Accrued income taxes

     209       726  

Accrued profit sharing

     14,615       13,004  

Accrued warranty

     4,866       4,908  

Current portion of notes payable

     81,300       6,300  
  

 

 

   

 

 

 

Total current liabilities

     195,072       151,245  

Deferred income taxes

     25,579       25,620  

Notes and loans payable, net of current portion

     159,324       210,657  

Other non-current liabilities

     7,502       7,352  
  

 

 

   

 

 

 

Total liabilities

     387,477       394,874  
  

 

 

   

 

 

 

Commitments and contingencies

    

Stockholders’ equity:

    

Preferred stock, $.001 par value, 20,000,000 shares authorized, no shares issued or outstanding

     —         —    

Common stock, $.001 par value, 100,000,000 shares authorized, 72,166,898 shares issued and 54,000,036 shares outstanding on July 31, 2017 and 72,017,288 shares issued and 53,850,426 shares outstanding on April 30, 2017

     72       72  

Additional paid-in capital

     245,592       245,865  

Retained earnings

     366,999       369,164  

Accumulated other comprehensive income

     357       436  

Treasury stock, at cost (18,166,862 shares on July 31, 2017 and April 30, 2017)

     (222,375     (222,375
  

 

 

   

 

 

 

Total stockholders’ equity

     390,645       393,162  
  

 

 

   

 

 

 
   $ 778,122     $ 788,036  
  

 

 

   

 

 

 

 

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