View Filing Data

General and administrative

^[1]

134,212

124,128

389,517

300,048

Gross profit

^[1]

99,311

86,658

284,485

201,743

Operating expenses:

Research and development

2,764

2,521

7,614

7,612

Selling and marketing

15,052

11,505

36,773

33,260

31,286

22,484

85,210

59,124

Total operating expenses

49,102

36,510

129,597

99,996

Operating income

^[1]

50,209

50,148

154,888

101,747

Other expense, net:

Other expense, net

(8)

(5)

(37)

(17)

Interest expense, net

(1,939)

(2,079)

(6,128)

(11,575)

Total other expense, net

(1,947)

(2,084)

(6,165)

(11,592)

Income from operations before income taxes

48,262

48,064

148,723

90,155

Income tax expense

^[1]

15,809

16,630

48,562

31,844

Net income

32,453

31,434

100,161

58,311

Comprehensive income/(loss):

Change in unrealized income/(loss) on interest rate swap

1,524

(740)

1,929

(1,224)

Other comprehensive income/(loss), before income taxes

1,524

(740)

1,929

(1,224)

Income tax (expense)/benefit on other comprehensive income/(loss)

(558)

274

(692)

451

Other comprehensive income/(loss), net of tax

966

(466)

1,237

(773)

Comprehensive income

$ 33,419

$ 30,968

$ 101,398

$ 57,538

Net income per share:

Basic

$ 0.58

$ 0.57

$ 1.78

$ 1.07

Diluted

$ 0.57

$ 0.56

$ 1.75

$ 1.05

Weighted average number of common shares outstanding:

Basic

56,342

54,857

56,208

54,508

Diluted

57,127

55,981

57,166

55,784

[1]	We allocate all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.

Condensed Consolidated Statement of Changes in Stockholders' Equity - 9 months ended Jan. 31, 2017 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Treasury Stock
Balance at Apr. 30, 2016	$ 307,816	$ 72	$ 239,505	$ 241,310	$ (748)	$ (172,323)
Balance (in shares) at Apr. 30, 2016	55,996,011	71,559,000
Treasury stock, shares at Apr. 30, 2016	15,562,622					15,563,000
Proceeds from exercise of employee stock options	$ 193		193
Proceeds from exercise of employee stock options (in shares)	54,200	54,000
Stock-based compensation	$ 6,383		6,383
Shares issued under employee stock purchase plan	$ 948		948
Shares issued under employee stock purchase plan (in shares)	66,812	67,000
Change in unrealized income on interest rate swap, net of tax effect	$ 1,237				1,237
Issuance of common stock under restricted stock unit awards, net of shares surrendered	(4,443)		(4,443)
Issuance of common stock under restricted stock unit awards, net of shares surrendered (in shares)		239,000
Net income	100,161			100,161
Balance at Jan. 31, 2017	$ 412,295	$ 72	$ 242,586	$ 341,471	$ 489	$ (172,323)
Balance (in shares) at Jan. 31, 2017	56,356,235	71,919,000
Treasury stock, shares at Jan. 31, 2017	15,562,622					15,563,000

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Cash flows from operating activities:
Net income	$ 100,161	$ 58,311
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	37,187	30,836
Loss on sale/disposition of assets	98	138
Provision for losses on notes and accounts receivable	179	2
Deferred income taxes	(12,300)	244
Stock-based compensation expense	6,383	4,885
Changes in operating assets and liabilities (net effect of acquisitions):
Accounts receivable	(3,754)	(34,536)
Inventories	(18,451)	1,244
Prepaid expenses and other current assets	(2,178)	325
Income taxes	(2,095)	(2,811)
Accounts payable	2,393	2,931
Accrued payroll and incentives	(1,218)	7,874
Accrued profit sharing	(1,594)	1,710
Accrued expenses	5,004	4,044
Accrued warranty	(262)	(248)
Other assets	1,059	(119)
Other non-current liabilities	(1,088)	(1,087)
Net cash provided by operating activities	109,524	73,743
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(211,069)
Refunds on machinery and equipment	2,776	4,222
Receipts from note receivable	58	56
Payments to acquire patents and software	(515)	(248)
Proceeds from sale of property and equipment		61
Payments to acquire property and equipment	(28,952)	(22,933)
Net cash used in investing activities	(237,702)	(18,842)
Cash flows from financing activities:
Proceeds from loans and notes payable	50,000	105,000
Cash paid for debt issuance costs	(525)	(1,024)
Payments on capital lease obligation	(397)	(447)
Payments on notes payable	(54,725)	(103,150)
Proceeds from Economic Development Incentive Program	101
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan	1,141	6,668
Payment of employee withholding tax related to restricted stock units	(4,443)	(2,073)
Excess tax benefit of stock-based compensation		3,123
Net cash (used in)/provided by financing activities	(8,848)	8,097
Net increase/(decrease) in cash and cash equivalents	(137,026)	62,998
Cash and cash equivalents, beginning of period	191,279	42,222
Cash and cash equivalents, end of period	54,253	105,220
Supplemental disclosure of cash flow information Cash paid for:
Interest	6,683	12,118
Income taxes	63,195	$ 31,484
Supplemental Disclosure of Non-cash Investing Activities:
Purchases of property and equipment included in accounts payable	$ 3,426

Organization	9 Months Ended
Organization	Jan. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	(1) Organization: We are one of the world’s leading providers of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and single shot rifles), handcuffs, and firearm-related products and accessories for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, and law enforcement and security agencies and officers in the United States and throughout the world. We are also a leading provider of outdoor products & accessories, including, reloading, gunsmithing, gun cleaning supplies, tree saws, laser sights, tactical lights, tools and knives, flashlights, soft goods, survival and camping equipment, and vault accessories. On December 13, 2016, our stockholders approved a change in the name of our holding company from Smith & Wesson Holding Corporation to American Outdoor Brands Corporation, which became effective on January 1, 2017. We manufacture firearm components at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut and develop, assemble, and market our firearm products in our Springfield, Massachusetts facility. We develop, source, market, and distribute our outdoor and accessories products at our facilities in Columbia, Missouri; Kingsport, Tennessee; and Jacksonville, Florida. We develop, market, and assemble our electro-optics products in our Wilsonville, Oregon facility. We sell our products under a variety of brands, including Smith & Wesson^®, M&P^®, Thompson/Center Arms^TM, Crimson Trace^®, Caldwell^® Shooting Supplies, Wheeler^® Engineering, Tipton^® Gun Cleaning Supplies, Frankford Arsenal^® Reloading Tools, Lockdown^® Vault Accessories, Hooyman^TM Premium Tree Saws, BOG-POD^®, Golden Rod^® Moisture Control, Schrade^®, Old Timer^®, Uncle Henry^®, and Imperial^TM, UST^TM, and Key Gear^®. We plan to continue to capitalize on the goodwill developed through our historic 164 year old “Smith & Wesson” brand as well as our other well-known brands by expanding consumer awareness of the products we produce. On August 1, 2016, we acquired substantially all of the net assets of Taylor Brands, LLC; on August 26, 2016, we acquired all of the issued and outstanding stock of Crimson Trace Corporation; and on November 18, 2016, we acquired substantially all of the net assets of Ultimate Survival Technologies, Inc., which we refer to collectively as the Acquisitions. See Note 3 – Acquisitions for more information regarding these transactions.

Basis of Presentation	9 Months Ended
Basis of Presentation	Jan. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	(2) Basis of Presentation: Interim Financial Information – The condensed consolidated balance sheet as of January 31, 2017, the condensed consolidated statements of income and comprehensive income for the three and nine months ended January 31, 2017 and 2016, the condensed consolidated statement of changes in stockholders’ equity for the nine months ended January 31, 2017, and the condensed consolidated statements of cash flows for the nine months ended January 31, 2017 and 2016 have been prepared by us without audit. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in stockholders’ equity, and cash flows at January 31, 2017 and for the periods presented, have been included. All significant intercompany transactions have been eliminated in consolidation. The consolidated balance sheet as of April 30, 2016 has been derived from our audited consolidated financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2016. The results of operations for the nine months ended January 31, 2017 may not be indicative of the results that may be expected for the year ending April 30, 2017, or any other period. Recently Issued Accounting Standards – In May 2014, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of ASU No. 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 No. 2014-09 is effective for interim reporting periods beginning October 1, 2017. In August 2015, the FASB issued ASU No. 2015-14 that deferred the effective date for ASU No. 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. 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 licensing implementation guidance. In May 2016, the FASB issued ASU No. 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 ASUs is the same as the effective date for ASU No. 2014-09. We are currently evaluating the impact that these ASUs will have on our condensed consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory - Simplifying the Measurement of Inventory (Topic 330), which simplifies the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined other than by the last-in first-out (LIFO) method and the retail inventory method. ASU No. 2015-11 is effective for periods beginning after December 15, 2016, and early adoption is permitted. The new guidance must be applied prospectively. We are currently evaluating the impact that ASU No. 2015-11 will have on our condensed consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which amends the existing guidance to require lessees to recognize lease assets and lease liabilities arising from operating leases in a classified balance sheet. The requirements of this ASU are effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. Early adoption is permitted. We are currently evaluating the impact that ASU No. 2016-02 will have on our condensed consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which includes multiple amendments intended to simplify aspects of share-based payment transactions, including accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The amendments of this ASU are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning December 15, 2018, and early adoption is permitted. We have elected to early adopt this standard during the nine months ended January 31, 2017 and prospectively present the change to the financial statements given the immaterial nature of this adoption to our condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which simplifies the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The amendment requires an entity to perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. A goodwill impairment will be the amount by which a reporting unit’s carrying value exceeds it fair value, not to exceed the amount of the goodwill. The requirements of this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We are currently evaluating the impact that ASU No. 2017-04 will have on our condensed consolidated financial statements.

Acquisitions

9 Months Ended

Jan. 31, 2017

Business Combinations [Abstract]

Acquisitions

(3) Acquisitions

In August 2016, we acquired substantially all of the net assets of Taylor Brands, LLC as well as all of the issued and outstanding stock of Crimson Trace Corporation for an aggregate of $178.1 million, net of cash acquired, subject to certain adjustments, utilizing cash on hand. Taylor Brands, LLC, based in Kingsport, Tennessee, is a designer and distributor of high-quality knives, specialty tools, and accessories and a licensee of our wholly owned subsidiary, Smith & Wesson Corp. Crimson Trace Corporation, based in Wilsonville, Oregon, is a leading provider of laser sight and tactical light products for consumers, law enforcement, security agencies, and military agencies around the globe.

On November 18, 2016, we acquired substantially all of the net assets of Ultimate Survival Technologies, Inc. for $33.0 million, subject to certain adjustments, utilizing cash on hand. In addition, up to an additional $2.0 million may be paid over a period of two years, contingent upon the financial performance of the acquired business. The valuation of this contingent liability was established in accordance with ASC 805 — Business Combinations. As of January 31, 2017, the contingent liability was recorded at a fair value of $1.7 million, of which, $900,000 was recorded as a current liability. Ultimate Survival Technologies, Inc., based in Jacksonville, Florida, is a provider of high-quality survival and camping equipment, including LED lights, patented all-weather fire starter kits, unbreakable signal mirrors, premium outdoor cutting tools, first aid kits, survival kits, and camp kitchen products.

We are finalizing the valuations of the assets acquired and liabilities assumed related to the Acquisitions. Therefore, the fair values set forth herein are subject to further adjustments as we obtain additional information during the respective measurement periods, which will not exceed 12 months from the date of each acquisition. The Acquisitions will necessitate the use of this measurement period to adequately analyze and assess a number of factors used in establishing the asset and liability fair values as of each acquisition date, including the significant contractual and operational factors underlying the trade name, developed technology, and customer relationship intangible assets and the related tax impacts of any changes made. During the three months ended January 31, 2017, goodwill was decreased by $329,000, primarily as a result of inventory valuation adjustments relating to the Taylor Brands, LLC and Crimson Trace Corporation acquisitions.

The following table summarizes the estimated preliminary allocation of the purchase price for Taylor Brands, LLC and Crimson Trace Corporation combined (in thousands):

	October 31, 2016 (As Initially Reported)		Measurement Period Adjustments			October 31, 2016 (As Adjusted)

Accounts receivable	$	8,937		(83	)			8,854
Inventories		24,359		588				24,947
Other current assets		379		(79	)			300
Property, plant, and equipment		6,851		—				6,851
Intangibles		84,100		—				84,100
Goodwill		80,893		(329	)			80,564
Total assets acquired		205,519		97				205,616
Accounts payable		5,066		—				5,066
Accrued expenses		946		68				1,014
Accrued payroll		689		—			689
Accrued income taxes		3		29			32
Accrued warranty		98		—				98
Deferred income taxes		20,658		—				20,658
Total liabilities assumed		27,460		97				27,557
	$	178,059	$	—		$		178,059

The following table summarizes the estimated preliminary allocation of the purchase price for Ultimate Survival Technologies, Inc. (in thousands):

	As of November 18, 2016

Accounts receivable	$	2,698
Inventories		6,910
Other current assets		51
Property, plant, and equipment		1,381
Intangibles		13,750
Goodwill		11,908
Total assets acquired		36,698
Accounts payable		1,148
Accrued expenses		27
Accrued payroll		811
Accrued income taxes		3
Total liabilities assumed		1,989
	$	34,709

Included in general and administrative costs are $3.8 million of acquisition-related costs incurred during the nine months ended January 31, 2017 for the Acquisitions. The Acquisitions generated $19.6 million and $38.2 million of revenue during the three and nine months ended January 31, 2017, respectively.

We amortize intangible assets in proportion to expected yearly revenue generated from the intangibles that we acquire. We amortize order backlog over the estimated life during which the backlog is fulfilled. The following are the identifiable intangible assets acquired (in thousands) in the Acquisitions and their respective weighted average lives:


			Weighted Average
	Amount		Life (In years)
Developed technology	$	3,000		4.1
Customer relationships		76,600		5.1
Trade names		17,000		4.8
Order backlog		1,150		0.3
Non-competition agreement		100		3.4
	$	97,850

Additionally, the following table reflects the unaudited pro forma results of operations assuming that the Acquisitions had occurred on May 1, 2015 (in thousands, except per share data):

	For the Three		For the Three		For the Nine		For the Nine
	Months Ended		Months Ended		Months Ended		Months Ended
	January 31, 2016		January 31, 2017		January 31, 2016		January 31, 2017
Net sales	$	232,021	$	234,948	$	570,298	$	705,061
Income from operations		49,050		48,817		91,138		153,091
Net income per share - diluted		0.58		0.57		1.10		1.81

The unaudited pro forma income from operations for the three and nine months ended January 31, 2017 and 2016 has been adjusted to reflect increased cost of goods sold from the fair value step-up in inventory, which is expensed over the first inventory cycle, and the amortization of intangibles and order backlog incurred as if the Acquisitions had occurred on May 1, 2015. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the actual results that would have been achieved had the Acquisitions occurred as of May 1, 2015 or the results that may be achieved in future periods.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Section 50
-Paragraph 2
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1524-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4922-128472

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=73530397&loc=SL65897772-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Goodwill

9 Months Ended

Jan. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill

(4) Goodwill

The changes in the carrying amount of goodwill for the nine months ended January 31, 2017 by reporting segment are as follows:

		Firearms			Outdoor Products &				Total
		Segment			Accessories Segment				Goodwill

Balance as of April 30, 2016	$		13,770	$		62,587		$		76,357
Adjustments			—			—				—
Balance as of July 31, 2016			13,770			62,587				76,357
Acquisitions			—			80,893				80,893
Balance as of October 31, 2016	$		13,770	$		143,480		$		157,250
Adjustments			—			(329	)			(329	)
Acquisitions			—			11,908				11,908
Balance as of January 31, 2017	$		13,770	$		155,059		$		168,829

Refer to Note 11 — Segment Information below for more detail.

Notes Payable	9 Months Ended
Notes Payable	Jan. 31, 2017
Debt Disclosure [Abstract]
Notes Payable	(5) Notes Payable: Credit Facilities – On October 27, 2016, we and certain of our domestic subsidiaries entered into a second amendment to our existing unsecured credit agreement, or the Second Amendment, with TD Bank, N.A. and other lenders, or the Lenders. Among other things, the Second Amendment increased the revolving line of credit, or the Revolving Line, available from our lenders to $350.0 million, increased the option to expand the credit commitment to an additional $150.0 million, and extended the maturity of the Revolving Line from June 15, 2020 to October 27, 2021. Other than the changes described in the Second Amendment, we otherwise remain subject to the terms of the Credit Agreement, as described below. We incurred $525,000 of debt issuance costs related to this amendment and have recorded these costs in notes payable in the condensed consolidated balance sheet. On June 15, 2015, we entered into an unsecured credit facility, or the Credit Agreement, with the Lenders, which included a $175.0 million Revolving Line and a $105.0 million term loan, or the Term Loan, of which $95.6 million was outstanding as of January 31, 2017. As described above, the Revolving Line provides for availability until October 27, 2021 for general corporate purposes, with borrowings to bear interest at a variable rate equal to LIBOR or prime plus an applicable margin based on our consolidated leverage ratio, at our election. As of January 31, 2017, we had no borrowings outstanding on the Revolving Line. Had there been borrowings, they would have borne an interest rate of 4.00% per annum if we had selected the prime rate option and a range of 2.27% to 2.52% per annum if we had selected the LIBOR rate option. The Term Loan, which bears interest at a variable rate, requires principal payments of $6.3 million per annum plus interest, payable quarterly. Any remaining outstanding amount on the maturity date of June 15, 2020 for the Term Loan will be due in full. We incurred $1.0 million of debt issuance costs related to our new credit facility, which are included in notes payable in the accompanying condensed consolidated balance sheet. We were required to obtain fixed interest rate protection on the Term Loan covering not less than 75% of the aggregate outstanding principal balance of the Term Loan. Accordingly, on June 18, 2015, we entered into an interest rate swap agreement, which expires on June 15, 2020, that covered 100% of the $105.0 million of floating rate debt. On July 6, 2015, we executed an interest rate swap pursuant to such agreement, which requires us to pay interest at a defined rate of 1.56% while receiving interest at a defined variable rate of one-month LIBOR (0.188%). This swap, when combined with the applicable margin based on our consolidated leverage ratio, effectively fixed our interest rate on the Term Loan, which is subject to change based on changes in our consolidated leverage ratio. As of January 31, 2017, our interest rate on the Term Loan was 3.06%. As of January 31, 2017, the interest rate swap was considered effective and had no effect on earnings. The fair value of the interest rate swap on January 31, 2017 was an asset of $641,000 and was included in other assets on our condensed consolidated balance sheet. We do not expect the interest rate swap to have any material effect on earnings within the next 12 months. 5.000% Senior Notes – During fiscal 2015, we issued an aggregate of $75.0 million of 5.000% Senior Notes due 2018, or the 5.000% Senior Notes, to various institutional investors pursuant to the terms and conditions of an indenture, or the 5.000% Senior Notes Indenture, and purchase agreements. The 5.000% Senior Notes bear interest at a rate of 5.000% per annum payable on January 15 and July 15 of each year, beginning on January 15, 2015. We incurred $2.3 million of debt issuance costs related to the issuance of the 5.000% Senior Notes. On and after July 15, 2016, we may, at our option, upon not less than 30 nor more than 60 days’ prior notice, redeem all or a portion of the 5.000% Senior Notes at a redemption price of (a) 102.500% of the principal amount of the 5.000% Senior Notes to be redeemed, if redeemed during the 12-month period beginning on July 15, 2016; or (b) 100% of the principal amount of the 5.000% Senior Notes to be redeemed, if redeemed during the 12-month period beginning on July 15, 2017, plus, in either case, accrued and unpaid interest on the 5.000% Senior Notes as of the applicable redemption date. Subject to certain restrictions and conditions, we may be required to make an offer to repurchase the 5.000% Senior Notes from the holders of the 5.000% Senior Notes in connection with a change of control or disposition of assets. If not redeemed by us or repaid pursuant to the holders’ right to require repurchase, the 5.000% Senior Notes mature on July 15, 2018. The 5.000% Senior Notes are general, unsecured obligations of our company. The 5.000% Senior Notes Indenture contains certain affirmative and negative covenants, including limitations on restricted payments (such as share repurchases, dividends, and early payment of indebtedness), limitations on indebtedness, limitations on the sale of assets, and limitations on liens. Payments that would otherwise be characterized as restricted payments are permitted under the 5.000% Senior Notes Indenture in an amount not to exceed 50% of our consolidated net income for the period from the issue date to the date of the restricted payment, provided that at the time of making such payments, (a) no default has occurred or would result from the making of such payments, and (b) we are able to satisfy the debt incurrence test under the 5.000% Senior Notes Indenture, or the 5.000% Senior Notes Lifetime Aggregate Limit. In addition, the 5.000% Senior Notes Indenture provides for other exceptions to the restricted payments covenant, each of which are independent of the 5.000% Senior Notes Lifetime Aggregate Limit. Among such exceptions are (i) the ability to make share repurchases each fiscal year in an amount not to exceed the lesser of (A) $50.0 million in any fiscal year or (B) 75.0% of our consolidated net income for the previous four consecutive published fiscal quarters prior to the date of the determination of such consolidated net income, and (ii) share repurchases over the life of the 5.000% Senior Notes in an aggregate amount not to exceed $75.0 million. The limitation on indebtedness in the 5.000% Senior Notes Indenture is only applicable at such time that the consolidated coverage ratio (as set forth in the 5.000% Senior Notes Indenture) for us and our restricted subsidiaries is less than 3.00 to 1.00. In general, as set forth in the 5.000% Senior Notes Indenture, the consolidated coverage ratio is determined by comparing our prior four quarters’ consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) to our consolidated interest expense. The Credit Agreement for our credit facility contains financial covenants relating to maintaining maximum leverage and minimum debt service coverage. The 5.000% Senior Notes Indenture contains a financial covenant relating to times interest earned. Letters of Credit – At January 31, 2017, we had outstanding letters of credit under our credit facility aggregating $1.0 million.

Fair Value Measurement

9 Months Ended

Jan. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurement

(6) Fair Value Measurement:

We follow the provisions of ASC 820-10, Fair Value Measurements and Disclosures Topic, for our financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value under GAAP and requires expanded disclosures regarding fair value measurements. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value.

Financial assets and liabilities recorded on the accompanying condensed consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows:

Level 1 — Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access at the measurement date (examples include active exchange-traded equity securities, listed derivatives, and most U.S. Government and agency securities).

Our cash equivalents, which are measured at fair value on a recurring basis, totaled $54.3 million and $191.3 million as of January 31, 2017 and April 30, 2016, respectively. We utilized Level 1 of the value hierarchy to determine the fair values of these assets.

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 that trade infrequently);

•	inputs other than quoted prices that are observable for substantially the full term of the asset or liability (such as interest rate and currency swaps); and

•	inputs that are derived principally from or corroborated by observable market data for substantially the full term of the asset or liability (such as certain securities and derivatives).

The carrying value of our Term Loan approximates the fair value as of January 31, 2017, in considering Level 2 inputs within the hierarchy. The fair value of our 5.000% Senior Notes as of January 31, 2017 approximates the carrying value in considering Level 2 inputs within the hierarchy as the Senior Notes are not frequently traded. The fair value of the interest rate swap was estimated by a third party using inputs that are observable or that can be corroborated by observable market data, such as interest rate yield curves, and, therefore, is classified within Level 2 of the valuation hierarchy. For more information regarding the interest rate swap, refer to Note 5.

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 3 financial assets or liabilities.

Inventories

9 Months Ended

Jan. 31, 2017

Inventory Disclosure [Abstract]

Inventories

(7) Inventories:

The following table sets forth a summary of inventories, net of reserves, stated at lower of cost or market, as of January 31, 2017 and April 30, 2016 (in thousands):

	January 31, 2017		April 30, 2016
Finished goods	$	60,666	$	26,574
Finished parts		47,005		32,804
Work in process		10,091		9,263
Raw material		10,334		9,148
Total inventories	$	128,096	$	77,789

Intangible Assets

9 Months Ended

Jan. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

(8) Intangible Assets:

The following table presents a summary of intangible assets as of January 31, 2017 and April 30, 2016 (in thousands):

	January 31, 2017							April 30, 2016
	Gross							Gross
	Carrying		Accumulated			Net Carrying		Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer relationships	$	105,260	$	(12,130	)	$	93,130	$	28,560	$	(6,423	)	$	22,137
Developed technology		19,430		(4,733	)		14,697		16,430		(2,890	)		13,540
Patents, trademarks, and trade names		53,271		(14,906	)		38,365		36,076		(9,262	)		26,814
Backlog		1,150		(1,050	)		100		—		—			—
		179,111		(32,819	)		146,292		81,066		(18,575	)		62,491
Patents in progress		527		—			527		433		—			433
Total definite-lived intangible assets		179,638		(32,819	)		146,819		81,499		(18,575	)		62,924
Indefinite-lived intangible assets		226		—			226		—		—			—
Total intangible assets	$	179,864	$	(32,819	)	$	147,045	$	81,499	$	(18,575	)	$	62,924

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, excluding amortization of deferred financing costs, amounted to $5.9 million and $2.8 million for the three months ended January 31, 2017 and 2016, respectively. Amortization expense, excluding amortization of deferred financing costs, amounted to $14.2 million and $10.7 million for the nine months ended January 31, 2017 and 2016, respectively.

Estimated amortization expense of intangible assets for the remainder of fiscal 2017 and succeeding fiscal years is as follows:

Fiscal		Amount
2017	$		5,840
2018			22,935
2019			23,197
2020			20,365
2021			17,550
Thereafter			56,405
Total	$		146,292

On an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired, we evaluate the fair value of the definite and indefinite-lived intangible assets to determine if an impairment charge is required. We performed our most recent annual impairment review as of February 1, 2016. There were no events or changes in circumstances that would indicate the fair value of intangible assets was reduced to below its carrying value during the nine months ended January 31, 2017, and therefore intangible assets were not tested for impairment.

Stockholders' Equity

9 Months Ended

Jan. 31, 2017

Equity [Abstract]

Stockholders' Equity

(9) Stockholders’ Equity:

Treasury Stock

During fiscal 2016, our board of directors authorized the repurchase of up to $50.0 million of our common stock, subject to certain conditions, in the open market or in privately negotiated transactions until June 23, 2017. As of January 31, 2017, we made no share repurchases under this stock repurchase program.

Earnings per Share

The following table provides a reconciliation of the net income amounts and weighted average number of common and common equivalent shares used to determine basic and diluted earnings per share for the three and nine months ended January 31, 2017 and 2016 (in thousands, except per share data):

	For the Three Months Ended January 31,
	2017								2016
	Net					Per Share			Net					Per Share
	Income			Shares		Amount			Income			Shares		Amount
Basic earnings	$		32,453		56,342	$	0.58		$		31,434		54,857	$	0.57
Effect of dilutive stock awards		—			785		(0.01	)		—			1,124		(0.01	)
Diluted earnings	$		32,453		57,127	$	0.57		$		31,434		55,981	$	0.56

	For the Nine Months Ended January 31,
	2017								2016
	Net					Per Share			Net					Per Share
	Income			Shares		Amount			Income			Shares		Amount
Basic earnings	$		100,161		56,208	$	1.78		$		58,311		54,508	$	1.07
Effect of dilutive stock awards		—			958		(0.03	)		—			1,276		(0.02	)
Diluted earnings	$		100,161		57,166	$	1.75		$		58,311		55,784	$	1.05

All of our outstanding stock options and restricted stock units, or RSUs, were included in the computation of diluted earnings per share for the three and nine months ended January 31, 2017 and 2016.

Incentive Stock and Employee Stock Purchase Plans

We have two stock plans: the 2004 Incentive Stock Plan and the 2013 Incentive Stock Plan. New grants under the 2004 Incentive Stock Plan have not been made since the approval of the 2013 Incentive Stock Plan at our September 23, 2013 annual meeting of stockholders. All new grants covering all participants are issued under the 2013 Incentive Stock Plan. Except in specific circumstances, grants vest over a period of three or four years and are exercisable for a period of 10 years. The plan also permits the grant of awards to non-employees, which our board of directors has authorized in the past.

The number of shares and weighted average exercise prices of options for the nine months ended January 31, 2017 and 2016 were as follows:

	For the Nine Months Ended January 31,
	2017					2016
				Weighted					Weighted
				Average					Average
	Shares			Exercise Price		Shares			Exercise Price
Options outstanding, beginning of year		389,360		$	6.16		1,879,630		$	6.37
Exercised during the period		(54,200	)		3.57		(707,179	)		8.26
Options outstanding, end of period		335,160		$	6.58		1,172,451		$	5.23
Weighted average remaining contractual life	4.26 years					5.07 years
Options exercisable, end of period		335,160		$	6.58		1,172,457		$	5.23
Weighted average remaining contractual life	4.26 years					5.07 years

The aggregate intrinsic value of outstanding and exercisable stock options as of January 31, 2017 and 2016 was $4.9 million and $19.2 million, respectively. The aggregate intrinsic value of the stock options exercised for the nine months ended January 31, 2017 and 2016 was $1.3 million and $9.1 million, respectively. At January 31, 2017, there were no unrecognized compensation costs of outstanding options.

On September 26, 2011, our stockholders approved our Employee Stock Purchase Plan, or ESPP. All options and rights to participate in our ESPP are nontransferable and subject to forfeiture in accordance with the terms of our ESPP. 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.

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 calculate the fair value of our stock options issued to employees using the Black-Scholes model at the time the options are granted. That amount is then amortized over the vesting period of the option. With our ESPP, fair value is determined at the beginning of the purchase period and amortized over the term of each exercise period. During the nine months ended January 31, 2017 and 2016, 66,812 and 92,249 shares were purchased under our ESPP, respectively.

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 grant using the Black-Scholes option pricing model (using the risk-free interest rate, expected term, expected volatility, and dividend yield variables). The total stock-based compensation expense, including stock options, purchases under our ESPP, RSUs, and performance-based RSUs, or PSUs, was $6.4 million and $4.9 million for the nine months ended January 31, 2017 and 2016, respectively. Stock-based compensation expense is included in cost of sales, sales and marketing, research and development, and general and administrative expenses.

We grant service-based RSUs to employees, consultants, and directors. The awards are made at no cost to the recipient. An RSU represents the right to acquire one share of our common stock and does not carry voting or dividend rights. Except in specific circumstances, RSU grants to employees generally vest over a period of three or four years with one-third or one-fourth of the units vesting, respectively, on each anniversary date of the grant date. We amortize the aggregate fair value of our RSU grants to compensation expense over the vesting period.

We grant PSUs with market conditions to our executive officers, and we grant PSUs without market conditions to certain other employees who are not executive officers. At the time of grant, we calculate the fair value of our market-condition PSUs using the Monte-Carlo simulation, using the risk-free interest rate, expected volatility, the correlation coefficient utilizing the same historical price data used to develop the volatility assumptions and dividend yield variables.

The market-condition PSUs vest, and the fair value of such PSUs are recognized, over the corresponding performance period. Our market-condition PSUs have a maximum aggregate award equal to 200% of the target amount granted. The number of market-condition PSUs that may be earned depends upon the total stockholder return, or TSR, of our common stock compared with the TSR of the Russell 2000 Index, or RUT, over the three-year performance period. For the fiscal 2014 PSUs, our stock must outperform the RUT by 10% in order for the target award to vest. For our fiscal 2016 and 2015 PSUs, our stock must outperform the RUT by 5% in order for the target award to vest. In addition, there is a cap on the number of shares that can be earned under the fiscal 2016 and 2015 PSUs equal to six times the grant-date value of each award.

In certain circumstances the vested awards will be delivered on the first anniversary of the applicable vesting date. We have applied a discount to the grant date fair value when determining the amount of compensation expense to be recorded for these RSUs and PSUs.

During the nine months ended January 31, 2017, we granted an aggregate of 255,109 service-based RSUs, including 200,213 RSUs to non-executive officer employees; 24,896 RSUs to our directors; and 30,000 RSUs to an executive officer in connection with his employment. In addition, in connection with a 2013 grant, 118,500 market-condition PSUs vested (i.e. the target amount granted), which achieved 200.0% of the maximum award possible resulting in awards totaling 237,000 shares to certain of our executive officers. Compensation expense recognized related to grants of RSUs and PSUs was $5.8 million for the nine months ended January 31, 2017. During the nine months ended January 31, 2017, we cancelled 18,714 service-based RSUs as a result of the service condition not being met. We delivered common stock to employees during the nine months ended January 31, 2017 under vested RSUs and PSUs with a total market value of $11.0 million.

During the nine months ended January 31, 2016, we granted an aggregate of 201,242 service-based RSUs and 5,379 PSUs without market conditions; 30,416 RSUs to our directors; and 170,826 RSUs and 5,379 PSUs to non-executive officer employees. In addition, in connection with a 2012 grant, 104,000 market-condition PSUs vested (i.e., the target amount granted), which achieved 173.3% of the maximum award possible resulting in awards totaling 180,231 shares to certain of our executive officers and a former executive officer. Compensation expense recognized related to grants of RSUs and PSUs was $4.5 million for the nine months ended January 31, 2016. We delivered common stock to employees during the nine months ended January 31, 2016 under vested RSUs and PSUs with a total market value of $6.3 million.

A summary of activity in unvested RSUs and PSUs for the nine months ended January 31, 2017 and 2016 is as follows:

	For the Nine Months Ended January 31,
	2017					2016
				Weighted					Weighted
	Total # of			Average		Total # of			Average
	Restricted			Grant Date		Restricted			Grant Date
	Stock Units			Fair Value		Stock Units			Fair Value
RSUs and PSUs outstanding, beginning of year		1,215,753		$	15.38		1,190,879		$	12.45
Awarded		373,609			18.26		282,852			14.44
Vested		(402,335	)		11.35		(363,285	)		10.36
Forfeited		(18,714	)		17.21		(82,390	)		10.81
RSUs and PSUs outstanding, end of period		1,168,313		$	17.66		1,028,056		$	13.65

As of January 31, 2017, there was $8.7 million of unrecognized compensation cost related to unvested RSUs and PSUs. This cost is expected to be recognized over a weighted average remaining contractual term of 1.5 years.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Jan. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	(10) Commitments and Contingencies: Litigation We are a defendant in five product liability cases and are aware of eight other product liability claims, which primarily allege defective product design, defective manufacturing, or failure to provide adequate warnings. In addition, we are a co-defendant in a case filed on August 27, 1999 by the city of Gary, Indiana against numerous firearm manufacturers, distributors, and dealers seeking to recover monetary damages, as well as injunctive relief, allegedly arising out of the misuse of firearms by third parties. We believe that the various allegations as described above are unfounded, and, in addition, that any accident and any results from them were due to negligence or misuse of the firearm by the claimant or a third party. In addition, we are involved in lawsuits, claims, investigations, and proceedings, including commercial, environmental, and employment matters, which arise in the ordinary course of business. The relief sought in individual cases primarily includes compensatory and, sometimes, punitive damages. Certain of the cases and claims seek unspecified compensatory or punitive damages. In others, compensatory damages sought may range from less than $75,000 to approximately $350,000. In our experience, initial demands do not generally bear a reasonable relationship to the facts and circumstances of a particular matter. We believe that our accruals for product liability cases and claims, as described below, are a reasonable quantitative measure of the cost to us of product liability cases and claims. We are vigorously defending ourselves in the lawsuits to which we are subject. An unfavorable outcome or prolonged litigation could harm our business. Litigation of this nature also is expensive and time consuming and diverts the time and attention of our management. We monitor the status of known claims and the related product liability accrual, which includes amounts for defense costs for asserted and unasserted claims. After consultation with litigation counsel and a review of the merit of each claim, we have concluded that we are unable to reasonably estimate the probability or the estimated range of reasonably possible losses related to material adverse judgments related to such claims and, therefore, we have not accrued for any such judgments. To the extent that circumstances change and we determine that a loss (or an additional loss in excess of our accrual) is at least reasonably possible and material, we would then disclose an estimate of the possible loss or range of loss, if such estimate could be made, or disclose that an estimate could not be made. We believe that we have provided for adequate reserves for defense costs. We have recorded our liability for defense costs before consideration for reimbursement from insurance carriers. We have also recorded the amounts due as reimbursement under existing policies from the insurance carriers as a receivable shown in other current assets and other assets. At this time, an estimated range of reasonably possible additional losses relating to unfavorable outcomes cannot be made. Environmental Remediation We are subject to numerous federal, state, and local laws that regulate the health and safety of our workforce as well as our environmental liability, including those regulations monitored by the Occupational Health and Safety Administration (OSHA), the National Fire Protection Association (NFPA), and the Department of Public Health (DPH). Though not exhaustive, examples of applicable regulations include confined space safety, walking and working surfaces, machine guarding, and life safety. We are required to comply with regulations that mitigate any release into the environment. These laws require us to make significant expenditures of both a capital and expense nature. Several of the more significant federal laws applicable to our operations include the Clean Air Act, the Clean Water Act, the Comprehensive Environmental Response, Compensation and Liability Act, or CERCLA, and the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act. We have in place programs and personnel to monitor compliance with various federal, state, and local environmental regulations. In the normal course of our manufacturing operations, we are subject to governmental proceedings and orders pertaining to waste disposal, air emissions, and water discharges into the environment. We fund our environmental costs through cash flows from operations. We believe that we are in compliance with applicable environmental regulations in all material respects. We are required to remediate hazardous waste at our facilities. Currently, we own a designated site in Springfield, Massachusetts that contains two release areas, which are the focus of remediation projects as part of the Massachusetts Contingency Plan, or the MCP. The MCP provides a structured environment for the voluntary remediation of regulated releases. We may be required to remove hazardous waste or remediate the alleged effects of hazardous substances on the environment associated with past disposal practices at sites not owned by us. We have received notice that we are a potentially responsible party from the Environmental Protection Agency and/or individual states under CERCLA or a state equivalent at two sites. As of January 31, 2017 and April 30, 2016, respectively, we had recorded a $717,700 and $694,000 environmental reserve in non-current liabilities. We have calculated the net present value of the environmental reserve to be equal to the carrying value of the liability recorded on our books. Our estimate of these costs is based upon currently enacted laws and regulations, currently available facts, experience in remediation efforts, existing technology, and the ability of other potentially responsible parties or contractually liable parties to pay the allocated portions of any environmental obligations. When the available information is sufficient to estimate the amount of liability, that estimate has been used; when the information is only sufficient to establish a range of probable liability and no point within the range is more likely than any other, the lower end of the range has been used. We may not have insurance coverage for our environmental remediation costs. We have not recognized any gains from probable recoveries or other gain contingencies. We calculated the environmental reserve using undiscounted amounts based on independent environmental remediation reports obtained. Based on information known to us, we do not expect current environmental regulations or environmental proceedings and claims to have a material adverse effect on our condensed consolidated financial position, results of operations, or cash flows. However, it is not possible to predict with certainty the impact on us of future environmental compliance requirements or of the cost of resolution of future environmental health and safety proceedings and claims, in part because the scope of the remedies that may be required is not certain, liability under federal environmental laws is joint and several in nature, and environmental laws and regulations are subject to modification and changes in interpretation. There can be no assurance that additional or changing environmental regulation will not become more burdensome in the future and that any such development would not have a material adverse effect on our company.

Segment Information

9 Months Ended

Jan. 31, 2017

Segment Reporting [Abstract]

Segment Information

(11) Segment Information:

We report our results of operations in two segments: (1) Firearms and (2) Outdoor Products & Accessories, which we previously referred to as our accessories segment. Our two segments are defined based on the reporting and review process used by the chief operating decision maker, our Chief Executive Officer. The Firearms segment has been determined to be a single operating segment and reporting segment based on our reliance on production metrics, such as gross margin per unit produced, units produced per day, incoming orders per day, and revenue produced by trade channel, all of which are particular to the Firearms segment. The Outdoor Products & Accessories segment has been determined to be two operating segments that have been aggregated into a single reportable segment, which are evaluated, by a measurement of incoming orders per day, sales by customers, and gross margin by product line.

The Firearms segment includes our firearms and other components, which we manufacture at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut and our firearm products, which we develop, assemble, and market in our Springfield, Massachusetts facility. The Outdoor Products & Accessories segment includes our accessories products, which we develop, source, market, and distribute at our facilities in Columbia, Missouri; Kingsport, Tennessee; and Jacksonville, Florida and our electro-optics products, which we develop, market, and assemble in our Wilsonville, Oregon facility. We report operating costs based on the activities performed within each segment.

Segment assets are those directly used in or clearly allocable to a reportable segment’s operations. Assets by business segment are presented in the following table as of January 31, 2017 and April 30, 2016 (in thousands):

	As of January 31, 2017						As of April 30, 2016
	Firearms		Outdoor Products & Accessories		Total		Firearms		Outdoor Products & Accessories		Total
Total assets	$	342,181	$	397,539	$	739,720	$	458,053	$	161,450	$	619,503
Property, plant, and equipment, net		137,601		14,044		151,645		132,274		3,131		135,405
Intangibles, net		2,743		144,302		147,045		2,903		60,021		62,924
Goodwill		13,770		155,059		168,829		13,770		62,587		76,357

Results by business segment are presented in the following tables for the three months ended January 31, 2017 and 2016 (in thousands):

	For the Three Months Ended January 31, 2017 (a)
	Firearms		Outdoor Products & Accessories				Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	197,025	$	36,498			$ —			$ —			$	233,523
Intersegment revenue		1,090		2,947				—			(4,037	)		—
Total net sales		198,115		39,445			$ —				(4,037	)		233,523
Cost of sales		118,207		20,322		(c)		—			(4,317	)		134,212
Gross margin		79,908		19,123				—			280			99,311
Operating income/(loss)		50,097		(1,483	)	(d)		(13,131	)		14,726			50,209
Income tax expense/(benefit)		19,453		(779	)			(2,865	)		—			15,809

	For the Three Months Ended January 31, 2016 (a)
	Firearms		Outdoor Products & Accessories		Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	194,650	$	16,136	$ —			$ —			$	210,786
Intersegment revenue		795		66		—			(861	)		—
Total net sales		195,445		16,202		—			(861	)		210,786
Cost of sales		117,284		7,767		—			(923	)		124,128
Gross margin		78,160		8,436		—			62			86,658
Operating income/(loss)		49,222		473		(4,506	)		4,959			50,148
Income tax expense/(benefit)		18,299		203		(1,872	)		—			16,630

Results by business segment are presented in the following tables for the nine months ended January 31, 2017 and 2016 (in thousands):

	For the Nine Months Ended January 31, 2017 (a)
	Firearms		Outdoor Products & Accessories				Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	583,900	$	90,102			$ —			$ —			$	674,002
Intersegment revenue		2,816		6,310				—			(9,126	)		—
Total net sales		586,716		96,412				—			(9,126	)		674,002
Cost of sales		344,558		53,359		(e)		—			(8,400	)		389,517
Gross margin		242,158		43,053				—			(726	)		284,485
Operating income/(loss)		156,771		(4,749	)	(f)		(35,912	)		38,778			154,888
Income tax expense/(benefit)		60,216		(1,858	)			(9,796	)		—			48,562

	For the nine Months Ended January 31, 2016 (a)
	Firearms			Outdoor Products & Accessories			Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	448,408	(b)	$	53,383	(b)	$ —			$ —			$	501,791
Intersegment revenue		795			709			—			(1,504	)		—
Total net sales		449,203			54,092			—			(1,504	)		501,791
Cost of sales		273,151	(b)		27,836	(b)		—			(939	)		300,048
Gross margin		176,052			26,256			—			(565	)		201,743
Operating income/(loss)		98,178			2,943			(12,688	)		13,314			101,747
Income tax expense/(benefit)		38,682			734			(7,572	)		—			31,844

_______________

(a)

We allocate all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.

(b)

Effective October 1, 2015, our Thompson/Center accessories business was transitioned from our Firearms segment to our Outdoor Products & Accessories segment. As a result of this transition, we have reclassified $5.6 million and $4.6 million of revenue and cost of sales, respectively, from the Firearms segment to the Outdoor Products & Accessories segment for the nine months ended January 31, 2016.

(c)

Amount includes $777,000 of additional cost of goods sold from the fair value inventory step-up and backlog expense in related to the Acquisitions.

(d)

Amount includes $3.1 million of amortization of intangible assets identified as a result of the Acquisitions.

(e)

Amount includes $4.6 million of additional cost of goods sold from the fair value inventory step-up and backlog expense related to the Acquisitions.

(f)

Amount includes $5.1 million of amortization of intangible assets identified as a result of the Acquisitions.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Jan. 31, 2017
Accounting Policies [Abstract]
Interim Financial Information	Interim Financial Information – The condensed consolidated balance sheet as of January 31, 2017, the condensed consolidated statements of income and comprehensive income for the three and nine months ended January 31, 2017 and 2016, the condensed consolidated statement of changes in stockholders’ equity for the nine months ended January 31, 2017, and the condensed consolidated statements of cash flows for the nine months ended January 31, 2017 and 2016 have been prepared by us without audit. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in stockholders’ equity, and cash flows at January 31, 2017 and for the periods presented, have been included. All significant intercompany transactions have been eliminated in consolidation. The consolidated balance sheet as of April 30, 2016 has been derived from our audited consolidated financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2016. The results of operations for the nine months ended January 31, 2017 may not be indicative of the results that may be expected for the year ending April 30, 2017, or any other period.
Recently Issued Accounting Standards	Recently Issued Accounting Standards – In May 2014, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of ASU No. 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 No. 2014-09 is effective for interim reporting periods beginning October 1, 2017. In August 2015, the FASB issued ASU No. 2015-14 that deferred the effective date for ASU No. 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. 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 licensing implementation guidance. In May 2016, the FASB issued ASU No. 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 ASUs is the same as the effective date for ASU No. 2014-09. We are currently evaluating the impact that these ASUs will have on our condensed consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory - Simplifying the Measurement of Inventory (Topic 330), which simplifies the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined other than by the last-in first-out (LIFO) method and the retail inventory method. ASU No. 2015-11 is effective for periods beginning after December 15, 2016, and early adoption is permitted. The new guidance must be applied prospectively. We are currently evaluating the impact that ASU No. 2015-11 will have on our condensed consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which amends the existing guidance to require lessees to recognize lease assets and lease liabilities arising from operating leases in a classified balance sheet. The requirements of this ASU are effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods. Early adoption is permitted. We are currently evaluating the impact that ASU No. 2016-02 will have on our condensed consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, which includes multiple amendments intended to simplify aspects of share-based payment transactions, including accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The amendments of this ASU are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning December 15, 2018, and early adoption is permitted. We have elected to early adopt this standard during the nine months ended January 31, 2017 and prospectively present the change to the financial statements given the immaterial nature of this adoption to our condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which simplifies the subsequent measurement of goodwill by removing the second step of the two-step impairment test. The amendment requires an entity to perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. A goodwill impairment will be the amount by which a reporting unit’s carrying value exceeds it fair value, not to exceed the amount of the goodwill. The requirements of this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We are currently evaluating the impact that ASU No. 2017-04 will have on our condensed consolidated financial statements.

Acquisitions (Tables)

9 Months Ended

Jan. 31, 2017

Taylor Brands, LLC and Crimson Trace Corporation

Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated preliminary allocation of the purchase price for Taylor Brands, LLC and Crimson Trace Corporation combined (in thousands):

	October 31, 2016 (As Initially Reported)		Measurement Period Adjustments			October 31, 2016 (As Adjusted)

Accounts receivable	$	8,937		(83	)			8,854
Inventories		24,359		588				24,947
Other current assets		379		(79	)			300
Property, plant, and equipment		6,851		—				6,851
Intangibles		84,100		—				84,100
Goodwill		80,893		(329	)			80,564
Total assets acquired		205,519		97				205,616
Accounts payable		5,066		—				5,066
Accrued expenses		946		68				1,014
Accrued payroll		689		—			689
Accrued income taxes		3		29			32
Accrued warranty		98		—				98
Deferred income taxes		20,658		—				20,658
Total liabilities assumed		27,460		97				27,557
	$	178,059	$	—		$		178,059

Ultimate Survival Technologies, Inc.

Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated preliminary allocation of the purchase price for Ultimate Survival Technologies, Inc. (in thousands):

	As of November 18, 2016

Accounts receivable	$	2,698
Inventories		6,910
Other current assets		51
Property, plant, and equipment		1,381
Intangibles		13,750
Goodwill		11,908
Total assets acquired		36,698
Accounts payable		1,148
Accrued expenses		27
Accrued payroll		811
Accrued income taxes		3
Total liabilities assumed		1,989
	$	34,709

Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc.

Identifiable Intangible Assets Acquired and Respective Weighted Average Lives

The following are the identifiable intangible assets acquired (in thousands) in the Acquisitions and their respective weighted average lives:


			Weighted Average
	Amount		Life (In years)
Developed technology	$	3,000		4.1
Customer relationships		76,600		5.1
Trade names		17,000		4.8
Order backlog		1,150		0.3
Non-competition agreement		100		3.4
	$	97,850

Unaudited Pro Forma Results of Operations

Additionally, the following table reflects the unaudited pro forma results of operations assuming that the Acquisitions had occurred on May 1, 2015 (in thousands, except per share data):

	For the Three		For the Three		For the Nine		For the Nine
	Months Ended		Months Ended		Months Ended		Months Ended
	January 31, 2016		January 31, 2017		January 31, 2016		January 31, 2017
Net sales	$	232,021	$	234,948	$	570,298	$	705,061
Income from operations		49,050		48,817		91,138		153,091
Net income per share - diluted		0.58		0.57		1.10		1.81

Goodwill (Tables)

9 Months Ended

Jan. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the nine months ended January 31, 2017 by reporting segment are as follows:

		Firearms			Outdoor Products &				Total
		Segment			Accessories Segment				Goodwill

Balance as of April 30, 2016	$		13,770	$		62,587		$		76,357
Adjustments			—			—				—
Balance as of July 31, 2016			13,770			62,587				76,357
Acquisitions			—			80,893				80,893
Balance as of October 31, 2016	$		13,770	$		143,480		$		157,250
Adjustments			—			(329	)			(329	)
Acquisitions			—			11,908				11,908
Balance as of January 31, 2017	$		13,770	$		155,059		$		168,829

Inventories (Tables)

9 Months Ended

Jan. 31, 2017

Inventory Disclosure [Abstract]

Summary of Inventories

The following table sets forth a summary of inventories, net of reserves, stated at lower of cost or market, as of January 31, 2017 and April 30, 2016 (in thousands):

	January 31, 2017		April 30, 2016
Finished goods	$	60,666	$	26,574
Finished parts		47,005		32,804
Work in process		10,091		9,263
Raw material		10,334		9,148
Total inventories	$	128,096	$	77,789

Intangible Assets (Tables)

9 Months Ended

Jan. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

The following table presents a summary of intangible assets as of January 31, 2017 and April 30, 2016 (in thousands):

	January 31, 2017							April 30, 2016
	Gross							Gross
	Carrying		Accumulated			Net Carrying		Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer relationships	$	105,260	$	(12,130	)	$	93,130	$	28,560	$	(6,423	)	$	22,137
Developed technology		19,430		(4,733	)		14,697		16,430		(2,890	)		13,540
Patents, trademarks, and trade names		53,271		(14,906	)		38,365		36,076		(9,262	)		26,814
Backlog		1,150		(1,050	)		100		—		—			—
		179,111		(32,819	)		146,292		81,066		(18,575	)		62,491
Patents in progress		527		—			527		433		—			433
Total definite-lived intangible assets		179,638		(32,819	)		146,819		81,499		(18,575	)		62,924
Indefinite-lived intangible assets		226		—			226		—		—			—
Total intangible assets	$	179,864	$	(32,819	)	$	147,045	$	81,499	$	(18,575	)	$	62,924

Schedule of Future Expected Amortization Expense

Estimated amortization expense of intangible assets for the remainder of fiscal 2017 and succeeding fiscal years is as follows:

Fiscal		Amount
2017	$		5,840
2018			22,935
2019			23,197
2020			20,365
2021			17,550
Thereafter			56,405
Total	$		146,292

Stockholders' Equity (Tables)

9 Months Ended

Jan. 31, 2017

Equity [Abstract]

Reconciliation of Net Income Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings per Share

	For the Three Months Ended January 31,
	2017								2016
	Net					Per Share			Net					Per Share
	Income			Shares		Amount			Income			Shares		Amount
Basic earnings	$		32,453		56,342	$	0.58		$		31,434		54,857	$	0.57
Effect of dilutive stock awards		—			785		(0.01	)		—			1,124		(0.01	)
Diluted earnings	$		32,453		57,127	$	0.57		$		31,434		55,981	$	0.56

	For the Nine Months Ended January 31,
	2017								2016
	Net					Per Share			Net					Per Share
	Income			Shares		Amount			Income			Shares		Amount
Basic earnings	$		100,161		56,208	$	1.78		$		58,311		54,508	$	1.07
Effect of dilutive stock awards		—			958		(0.03	)		—			1,276		(0.02	)
Diluted earnings	$		100,161		57,166	$	1.75		$		58,311		55,784	$	1.05

Share Based Compensation Stock Options Activity

The number of shares and weighted average exercise prices of options for the nine months ended January 31, 2017 and 2016 were as follows:

	For the Nine Months Ended January 31,
	2017					2016
				Weighted					Weighted
				Average					Average
	Shares			Exercise Price		Shares			Exercise Price
Options outstanding, beginning of year		389,360		$	6.16		1,879,630		$	6.37
Exercised during the period		(54,200	)		3.57		(707,179	)		8.26
Options outstanding, end of period		335,160		$	6.58		1,172,451		$	5.23
Weighted average remaining contractual life	4.26 years					5.07 years
Options exercisable, end of period		335,160		$	6.58		1,172,457		$	5.23
Weighted average remaining contractual life	4.26 years					5.07 years

Summary of Activity in Unvested RSUs and PSUs

A summary of activity in unvested RSUs and PSUs for the nine months ended January 31, 2017 and 2016 is as follows:

	For the Nine Months Ended January 31,
	2017					2016
				Weighted					Weighted
	Total # of			Average		Total # of			Average
	Restricted			Grant Date		Restricted			Grant Date
	Stock Units			Fair Value		Stock Units			Fair Value
RSUs and PSUs outstanding, beginning of year		1,215,753		$	15.38		1,190,879		$	12.45
Awarded		373,609			18.26		282,852			14.44
Vested		(402,335	)		11.35		(363,285	)		10.36
Forfeited		(18,714	)		17.21		(82,390	)		10.81
RSUs and PSUs outstanding, end of period		1,168,313		$	17.66		1,028,056		$	13.65

Segment Information (Tables)

9 Months Ended

Jan. 31, 2017

Segment Reporting [Abstract]

Schedule of Assets by Business Segment

Assets by business segment are presented in the following table as of January 31, 2017 and April 30, 2016 (in thousands):

	As of January 31, 2017						As of April 30, 2016
	Firearms		Outdoor Products & Accessories		Total		Firearms		Outdoor Products & Accessories		Total
Total assets	$	342,181	$	397,539	$	739,720	$	458,053	$	161,450	$	619,503
Property, plant, and equipment, net		137,601		14,044		151,645		132,274		3,131		135,405
Intangibles, net		2,743		144,302		147,045		2,903		60,021		62,924
Goodwill		13,770		155,059		168,829		13,770		62,587		76,357

Schedule of Results by Business Segment

Results by business segment are presented in the following tables for the three months ended January 31, 2017 and 2016 (in thousands):

	For the Three Months Ended January 31, 2017 (a)
	Firearms		Outdoor Products & Accessories				Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	197,025	$	36,498			$ —			$ —			$	233,523
Intersegment revenue		1,090		2,947				—			(4,037	)		—
Total net sales		198,115		39,445			$ —				(4,037	)		233,523
Cost of sales		118,207		20,322		(c)		—			(4,317	)		134,212
Gross margin		79,908		19,123				—			280			99,311
Operating income/(loss)		50,097		(1,483	)	(d)		(13,131	)		14,726			50,209
Income tax expense/(benefit)		19,453		(779	)			(2,865	)		—			15,809

	For the Three Months Ended January 31, 2016 (a)
	Firearms		Outdoor Products & Accessories		Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	194,650	$	16,136	$ —			$ —			$	210,786
Intersegment revenue		795		66		—			(861	)		—
Total net sales		195,445		16,202		—			(861	)		210,786
Cost of sales		117,284		7,767		—			(923	)		124,128
Gross margin		78,160		8,436		—			62			86,658
Operating income/(loss)		49,222		473		(4,506	)		4,959			50,148
Income tax expense/(benefit)		18,299		203		(1,872	)		—			16,630

Results by business segment are presented in the following tables for the nine months ended January 31, 2017 and 2016 (in thousands):

	For the Nine Months Ended January 31, 2017 (a)
	Firearms		Outdoor Products & Accessories				Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	583,900	$	90,102			$ —			$ —			$	674,002
Intersegment revenue		2,816		6,310				—			(9,126	)		—
Total net sales		586,716		96,412				—			(9,126	)		674,002
Cost of sales		344,558		53,359		(e)		—			(8,400	)		389,517
Gross margin		242,158		43,053				—			(726	)		284,485
Operating income/(loss)		156,771		(4,749	)	(f)		(35,912	)		38,778			154,888
Income tax expense/(benefit)		60,216		(1,858	)			(9,796	)		—			48,562

	For the nine Months Ended January 31, 2016 (a)
	Firearms			Outdoor Products & Accessories			Corporate			Intersegment Eliminations			Total
Revenue from external customers	$	448,408	(b)	$	53,383	(b)	$ —			$ —			$	501,791
Intersegment revenue		795			709			—			(1,504	)		—
Total net sales		449,203			54,092			—			(1,504	)		501,791
Cost of sales		273,151	(b)		27,836	(b)		—			(939	)		300,048
Gross margin		176,052			26,256			—			(565	)		201,743
Operating income/(loss)		98,178			2,943			(12,688	)		13,314			101,747
Income tax expense/(benefit)		38,682			734			(7,572	)		—			31,844

_______________

(a)

(b)

(c)

Amount includes $777,000 of additional cost of goods sold from the fair value inventory step-up and backlog expense in related to the Acquisitions.

(d)

Amount includes $3.1 million of amortization of intangible assets identified as a result of the Acquisitions.

(e)

Amount includes $4.6 million of additional cost of goods sold from the fair value inventory step-up and backlog expense related to the Acquisitions.

(f)

Amount includes $5.1 million of amortization of intangible assets identified as a result of the Acquisitions.

Organization - Additional Information (Detail)	9 Months Ended
Organization - Additional Information (Detail)	Jan. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Former company name	Smith & Wesson Holding Corporation
Change of company name, effective date	Jan. 01, 2017
Taylor Brands, LLC
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition agreement date	Aug. 01, 2016
Crimson Trace Corporation
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition agreement date	Aug. 26, 2016
Ultimate Survival Technologies, Inc.
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition agreement date	Nov. 18, 2016

Acquisitions - Additional Information (Detail) - USD ($)

1 Months Ended

3 Months Ended

9 Months Ended

Nov. 18, 2016

Aug. 31, 2016

Jan. 31, 2017

Jan. 31, 2016

Jan. 31, 2017

Jan. 31, 2016

Payments to acquire business, net of cash acquired

$ 211,069,000

Net sales

^[1]

$ 233,523,000

$ 210,786,000

674,002,000

$ 501,791,000

Taylor Brands, LLC and Crimson Trace Corporation

Payments to acquire business, net of cash acquired

$ 178,100,000

Business combination decrease in goodwill

329,000

Ultimate Survival Technologies, Inc.

Payments to acquire business, net of cash acquired

$ 33,000,000

Contingent consideration payable upon financial performance of acquired business

1,700,000

Business combination, contingent consideration payable performance period

2 years

Business combination contingent consideration liability current

900,000

Ultimate Survival Technologies, Inc. | Maximum

Contingent consideration payable upon financial performance of acquired business

$ 2,000,000

Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc.

Business combination, acquisition-related costs

3,800,000

Net sales

$ 19,600,000

$ 38,200,000

[1]	We allocate all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.

Acquisitions - Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Jan. 31, 2017	Nov. 18, 2016	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016
Business Acquisition [Line Items]
Goodwill	$ 168,829		$ 157,250	$ 76,357	$ 76,357
Taylor Brands, LLC and Crimson Trace Corporation
Business Acquisition [Line Items]
Accounts receivable			8,854
Inventories			24,947
Other current assets			300
Property, plant, and equipment			6,851
Intangibles			84,100
Goodwill			80,564
Total assets acquired			205,616
Accounts payable			5,066
Accrued expenses			1,014
Accrued payroll			689
Accrued income taxes			32
Accrued warranty			98
Deferred income taxes			20,658
Total liabilities assumed			27,557
Net assets acquired			178,059
Taylor Brands, LLC and Crimson Trace Corporation \| As Initially Reported
Business Acquisition [Line Items]
Accounts receivable			8,937
Inventories			24,359
Other current assets			379
Property, plant, and equipment			6,851
Intangibles			84,100
Goodwill			80,893
Total assets acquired			205,519
Accounts payable			5,066
Accrued expenses			946
Accrued payroll			689
Accrued income taxes			3
Accrued warranty			98
Deferred income taxes			20,658
Total liabilities assumed			27,460
Net assets acquired			178,059
Taylor Brands, LLC and Crimson Trace Corporation \| Measurement Period Adjustments
Business Acquisition [Line Items]
Accounts receivable			(83)
Inventories			588
Other current assets			(79)
Goodwill			(329)
Total assets acquired			97
Accrued expenses			68
Accrued income taxes			29
Total liabilities assumed			$ 97
Ultimate Survival Technologies, Inc.
Business Acquisition [Line Items]
Accounts receivable		$ 2,698
Inventories		6,910
Other current assets		51
Property, plant, and equipment		1,381
Intangibles		13,750
Goodwill		11,908
Total assets acquired		36,698
Accounts payable		1,148
Accrued expenses		27
Accrued payroll		811
Accrued income taxes		3
Total liabilities assumed		1,989
Net assets acquired		$ 34,709

Acquisitions - Identifiable Intangible Assets Acquired and Respective Weighted Average Lives (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2017	Apr. 30, 2016
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 179,638	$ 81,499
Weighted Average Life	5 years
Developed technology
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 19,430	16,430
Weighted Average Life	6 years
Customer relationships
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 105,260	$ 28,560
Weighted Average Life	5 years
Order backlog
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 1,150
Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc.
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	97,850
Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc. \| Developed technology
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 3,000
Weighted Average Life	4 years 1 month 6 days
Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc. \| Customer relationships
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 76,600
Weighted Average Life	5 years 1 month 6 days
Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc. \| Trade names
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 17,000
Weighted Average Life	4 years 9 months 18 days
Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc. \| Order backlog
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 1,150
Weighted Average Life	3 months 18 days
Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc. \| Non-competition agreement
Acquired Finite Lived Intangible Assets [Line Items]
Total intangible assets, gross	$ 100
Weighted Average Life	3 years 4 months 24 days

Acquisitions - Unaudited Pro Forma Results of Operations (Detail) - Taylor Brands, LLC, Crimson Trace Corporation and Ultimate Survival Technologies, Inc. - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Business Acquisition [Line Items]
Net sales	$ 234,948	$ 232,021	$ 705,061	$ 570,298
Income from operations	$ 48,817	$ 49,050	$ 153,091	$ 91,138
Net income per share - diluted	$ 0.57	$ 0.58	$ 1.81	$ 1.10

Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Oct. 31, 2016
Goodwill [Line Items]
Beginning Balance	$ 157,250	$ 76,357
Adjustments	(329)
Acquisitions	11,908	80,893
Ending Balance	168,829	157,250
Firearms Segment
Goodwill [Line Items]
Beginning Balance	13,770	13,770
Ending Balance	13,770	13,770
Outdoor Products & Accessories Segment
Goodwill [Line Items]
Beginning Balance	143,480	62,587
Adjustments	(329)
Acquisitions	11,908	80,893
Ending Balance	$ 155,059	$ 143,480

Notes Payable - Additional Information (Detail) - USD ($)	9 Months Ended
	Jan. 31, 2017	Oct. 27, 2016	Jul. 06, 2015	Jun. 18, 2015	Jun. 15, 2015	Apr. 30, 2015
Debt Instrument [Line Items]
Credit facility, maturity	Jun. 15, 2020
Interest description of revolving line of credit	The Revolving Line provides for availability until October 27, 2021 for general corporate purposes, with borrowings to bear interest at a variable rate equal to LIBOR or prime plus an applicable margin based on our consolidated leverage ratio, at our election.
Percentage of interest rate protection on term loan					75.00%
Fair value of the interest rate swap asset	$ 641,000
Senior Notes Indenture, number of shares allowed for repurchase	$ 50,000,000
Maximum consolidated coverage ratio	300.00%
Minimum consolidated coverage ratio	100.00%
Interest Rate Swap
Debt Instrument [Line Items]
Percentage of floating rate debt covered				100.00%
Derivative, Maturity Date	Jun. 15, 2020
Derivative, Fixed Interest Rate			1.56%
Derivative, Variable Interest Rate Of one-month LIBOR			0.188%
Term Loan
Debt Instrument [Line Items]
Outstanding debt	$ 95,600,000				$ 105,000,000
Principal payments per annum	$ 6,300,000
Debt Instrument, Interest Rate, Effective Percentage	3.06%
5.000% Senior Notes due 2018
Debt Instrument [Line Items]
Debt Issuance Cost						$ 2,300,000
Notes issued						$ 75,000,000
Debt instrument, interest rate	5.00%					5.00%
Description of redemption for senior notes	upon not less than 30 nor more than 60 days’ prior notice, redeem all or a portion of the 5.000% Senior Notes at a redemption price of (a) 102.500% of the principal amount of the 5.000% Senior Notes to be redeemed, if redeemed during the 12-month period beginning on July 15, 2016; or (b) 100% of the principal amount of the 5.000% Senior Notes to be redeemed, if redeemed during the 12-month period beginning on July 15, 2017, plus, in either case, accrued and unpaid interest on the 5.000% Senior Notes as of the applicable redemption date
Debt Instrument Maturity Date	Jul. 15, 2018
Senior Notes Indenture, maximum number of shares allowed for repurchase as a percentage of Consolidated net income for previous four consecutive published fiscal quarters	75.00%
5.000% Senior Notes due 2018 \| Debt Instrument Redemption Period One
Debt Instrument [Line Items]
Redemption price of senior notes	102.50%
5.000% Senior Notes due 2018 \| Debt Instrument Redemption Period Two
Debt Instrument [Line Items]
Redemption price of senior notes	100.00%
5.000% Senior Notes due 2018 \| Minimum
Debt Instrument [Line Items]
Notice period of senior notes	30 days
Senior Notes Indenture, number of shares allowed for repurchase	$ 50,000,000
5.000% Senior Notes due 2018 \| Maximum
Debt Instrument [Line Items]
Notice period of senior notes	60 days
Senior Notes Indenture, number of shares allowed for repurchase	$ 75,000,000
Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, borrowing capacity					$ 175,000,000
Credit Facilities
Debt Instrument [Line Items]
Debt Issuance Cost	1,000,000
Borrowings outstanding	0
Outstanding letters of credit	$ 1,000,000
Credit Facilities \| Prime Rate Option
Debt Instrument [Line Items]
Interest rate on borrowings	4.00%
Credit Facilities \| LIBOR Rate Option \| Minimum
Debt Instrument [Line Items]
Interest rate on borrowings	2.27%
Credit Facilities \| LIBOR Rate Option \| Maximum
Debt Instrument [Line Items]
Interest rate on borrowings	2.52%
Second Amendment \| Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, borrowing capacity		$ 350,000,000
Credit facility additional borrowing capacity option to increase maximum borrowing capacity		150,000,000
Credit facility, maturity	Oct. 27, 2021
Debt Issuance Cost		$ 525,000

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Millions	Jan. 31, 2017	Apr. 30, 2016	Apr. 30, 2015
5.000% Senior Notes due 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt instrument, interest rate	5.00%		5.00%
(Level 1)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash equivalents	$ 54.3	$ 191.3

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Jan. 31, 2017	Apr. 30, 2016
Inventory Disclosure [Abstract]
Finished goods	$ 60,666	$ 26,574
Finished parts	47,005	32,804
Work in process	10,091	9,263
Raw material	10,334	9,148
Total inventories	$ 128,096	$ 77,789

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Jan. 31, 2017	Apr. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	$ 179,638	$ 81,499
Total definite-lived intangible assets, Accumulated Amortization	(32,819)	(18,575)
Total definite-lived intangible assets, Net Carrying Amount	146,819	62,924
Indefinite-lived intangible assets, Net Carrying Amount	226
Total Intangible assets, Gross Carrying Amount	179,864	81,499
Total Intangible assets, Net Carrying Amount	147,045	62,924
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	105,260	28,560
Total definite-lived intangible assets, Accumulated Amortization	(12,130)	(6,423)
Total definite-lived intangible assets, Net Carrying Amount	93,130	22,137
Developed technology
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	19,430	16,430
Total definite-lived intangible assets, Accumulated Amortization	(4,733)	(2,890)
Total definite-lived intangible assets, Net Carrying Amount	14,697	13,540
Patents, trademarks, and trade names
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	53,271	36,076
Total definite-lived intangible assets, Accumulated Amortization	(14,906)	(9,262)
Total definite-lived intangible assets, Net Carrying Amount	38,365	26,814
Backlog
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,150
Total definite-lived intangible assets, Accumulated Amortization	(1,050)
Total definite-lived intangible assets, Net Carrying Amount	100
Definite-lived intangible assets excluding patents in progress
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	179,111	81,066
Total definite-lived intangible assets, Accumulated Amortization	(32,819)	(18,575)
Total definite-lived intangible assets, Net Carrying Amount	146,292	62,491
Patents in progress
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	527	433
Total definite-lived intangible assets, Net Carrying Amount	$ 527	$ 433

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 5.9	$ 2.8	$ 14.2	$ 10.7
Weighted-average period for amortization of intangible assets			5 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets			5 years
Developed 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 Future Expected Amortization Expense (Detail) - USD ($) $ in Thousands	Jan. 31, 2017	Apr. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Total definite-lived intangible assets, Net Carrying Amount	$ 146,819	$ 62,924
Accessories
Finite-Lived Intangible Assets [Line Items]
2017	5,840
2018	22,935
2019	23,197
2020	20,365
2021	17,550
Thereafter	56,405
Total definite-lived intangible assets, Net Carrying Amount	$ 146,292

Stockholders' Equity - Additional Information (Detail)	9 Months Ended		12 Months Ended
Stockholders' Equity - Additional Information (Detail)	Jan. 31, 2017 USD ($) OptionPlan shares	Jan. 31, 2016 USD ($) shares	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase authorization \| $	$ 50,000,000
Repurchase of common stock	0
Number of stock option plans \| OptionPlan	2
Intrinsic value of stock outstanding \| $	$ 4,900,000	$ 19,200,000
Intrinsic value of stock exercisable \| $	4,900,000	19,200,000
Intrinsic value of stock exercised \| $	1,300,000	$ 9,100,000
Unrecognized compensation cost of outstanding options \| $	$ 0
Shares issued under employee stock purchase plan	66,812	92,249
Stock-based compensation expense \| $	$ 6,400,000	$ 4,900,000
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%	5.00%	10.00%
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded	255,109
Stock units, forfeited	18,714
RSUs \| Without Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded		201,242
RSUs \| Non-Executive Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded	200,213
RSUs \| Non-Executive Employees \| Without Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded		170,826
RSUs \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded	24,896
RSUs \| Director \| Without Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded		30,416
RSUs \| Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded	30,000
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded	118,500	104,000
Share based payment award percentage of award achieved	200.00%	173.30%
PSUs \| Non-Executive Employees \| Without Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, awarded		5,379
PSUs \| Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, vested	237,000	180,231
RSUs and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense \| $	$ 5,800,000	$ 4,500,000
Stock units, awarded	373,609	282,852
Stock units, vested	402,335	363,285
Stock units, forfeited	18,714	82,390
Value of shares issued for vested awards \| $	$ 11,000,000	$ 6,300,000
Weighted average remaining contractual term	1 year 6 months
Unrecognized compensation cost related to unvested RSUs and PSUs \| $	$ 8,700,000
2013 Incentive Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of award vested exercisable	10 years
2013 Incentive Stock Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period to award vested and calculate volatility rate	3 years
2013 Incentive Stock Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period to award vested and calculate volatility rate	4 years

Stockholders' Equity - Reconciliation of Net Income Amounts and Weighted Average Number of Common and Common Equivalent Shares Used to Determine Basic and Diluted Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Earnings Per Share [Abstract]
Net income	$ 32,453	$ 31,434	$ 100,161	$ 58,311
Basic earnings, Shares	56,342	54,857	56,208	54,508
Effect of dilutive stock awards, Shares	785	1,124	958	1,276
Diluted earnings, Shares	57,127	55,981	57,166	55,784
Basic earnings, Per Share Amount	$ 0.58	$ 0.57	$ 1.78	$ 1.07
Effect of dilutive stock awards, Per Share Amount	(0.01)	(0.01)	(0.03)	(0.02)
Diluted earnings, Per Share Amount	$ 0.57	$ 0.56	$ 1.75	$ 1.05

Stockholders' Equity - Share Based Compensation Stock Options Activity (Detail) - $ / shares	9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Number of shares and weighted average exercise prices
Options outstanding, beginning of year, Shares	389,360	1,879,630
Exercised during the period, Shares	(54,200)	(707,179)
Options outstanding, end of period, Shares	335,160	1,172,451
Weighted average remaining contractual life	4 years 3 months 4 days	5 years 26 days
Options exercisable, end of period, Shares	335,160	1,172,457
Weighted average remaining contractual life	4 years 3 months 4 days	5 years 26 days
Weighted-Average Exercise Price
Options outstanding, beginning of year, Weighted-Average Exercise Price	$ 6.16	$ 6.37
Exercised during period, Weighted-Average Exercise Price	3.57	8.26
Options outstanding, end of period, Weighted-Average Exercise Price	6.58	5.23
Options exercisable, end of period, Weighted-Average Exercise Price	$ 6.58	$ 5.23

Stockholders' Equity - Summary of Activity in Unvested RSUs and PSUs (Detail) - RSUs and PSUs - $ / shares	9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Summary of activity in unvested restricted stock units and performance share units
Restricted Stock Units, RSUs and PSUs outstanding, beginning of year	1,215,753	1,190,879
Restricted Stock Units, Awarded	373,609	282,852
Restricted Stock Units, Vested	(402,335)	(363,285)
Restricted Stock Units, Forfeited	(18,714)	(82,390)
Restricted Stock Units, RSUs and PSUs outstanding, end of period	1,168,313	1,028,056
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, RSUs and PSUs outstanding, beginning of year	$ 15.38	$ 12.45
Weighted Average Grant Date Fair Value, Awarded	18.26	14.44
Weighted Average Grant Date Fair Value, Vested	11.35	10.36
Weighted Average Grant Date Fair Value, Forfeited	17.21	10.81
Weighted Average Grant Date Fair Value, RSUs and PSUs outstanding, end of period	$ 17.66	$ 13.65

Commitments and Contingencies - Additional Information (Detail)	9 Months Ended
	Jan. 31, 2017 USD ($) Case Claim	Apr. 30, 2016 USD ($)
Schedule Of Commitments And Contingencies [Line Items]
Number of Product liability cases \| Case	5
Number of Other product liability claims \| Claim	8
Environmental reserve in non-current liabilities	$ 717,700	$ 694,000
Minimum
Schedule Of Commitments And Contingencies [Line Items]
Compensatory damages sought	75,000
Maximum
Schedule Of Commitments And Contingencies [Line Items]
Compensatory damages sought	$ 350,000

Segment Information - Additional Information (Detail)	9 Months Ended
Segment Information - Additional Information (Detail)	Jan. 31, 2017 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	2
Firearms Division
Segment Reporting Information [Line Items]
Number of reportable segments	1
Outdoor Products & Accessories Segment
Segment Reporting Information [Line Items]
Number of reportable segments	1

Segment Information - Schedule of Assets by Business Segment (Detail) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016
Segment Reporting Information [Line Items]
Total assets	$ 739,720			$ 619,503
Property, plant, and equipment, net	151,645			135,405
Intangibles, net	147,045			62,924
Goodwill	168,829	$ 157,250	$ 76,357	76,357
Firearms Division
Segment Reporting Information [Line Items]
Total assets	342,181			458,053
Property, plant, and equipment, net	137,601			132,274
Intangibles, net	2,743			2,903
Goodwill	13,770	13,770	13,770	13,770
Outdoor Products & Accessories
Segment Reporting Information [Line Items]
Total assets	397,539			161,450
Property, plant, and equipment, net	14,044			3,131
Intangibles, net	144,302			60,021
Goodwill	$ 155,059	$ 143,480	$ 62,587	$ 62,587

Segment Information - Schedule of Results by Business Segment (Detail) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Jan. 31, 2017

Jan. 31, 2016

Jan. 31, 2017

Jan. 31, 2016

^[1]

$ 233,523

$ 210,786

$ 674,002

$ 501,791

^[1]

134,212

124,128

389,517

300,048

^[1]

99,311

86,658

284,485

201,743

^[1]

50,209

50,148

154,888

101,747

Intersegment Eliminations

^[1]

15,809

16,630

48,562

31,844

^[1]

(4,037)

(861)

(9,126)

(1,504)

^[1]

(4,317)

(923)

(8,400)

(939)

^[1]

280

(726)

(565)

^[1]

14,726

4,959

38,778

13,314

Operating Segments

^[1]

233,523

210,786

674,002

501,791

Corporate

^[1]

(13,131)

(4,506)

(35,912)

(12,688)

^[1]

(2,865)

(1,872)

(9,796)

(7,572)

Firearms Division

Firearms Division | Intersegment Eliminations

^[1]

197,025

194,650

583,900

448,408

^[2]

Firearms Division | Operating Segments

^[1]

1,090

795

2,816

795

^[1]

198,115

195,445

586,716

449,203

^[1]

118,207

117,284

344,558

273,151

^[2]

^[1]

79,908

78,160

242,158

176,052

^[1]

50,097

49,222

156,771

98,178

Outdoor Products & Accessories

^[1]

19,453

18,299

60,216

38,682

Outdoor Products & Accessories | Intersegment Eliminations

^[1]

36,498

16,136

90,102

53,383

^[2]

Outdoor Products & Accessories | Operating Segments

^[1]

2,947

6,310

709

^[1]

39,445

16,202

96,412

54,092

^[1]

20,322

^[3]

7,767

53,359

^[4]

27,836

^[2]

^[1]

19,123

8,436

43,053

26,256

^[1]

(1,483)

^[5]

473

(4,749)

^[6]

2,943