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Segment Information
 3 Months Ended
Jul. 31, 2015
Segment Reporting [Abstract]  
Segment Information

(10) Segment Information:

 

The firearms segment consists of products and services manufactured and sold from our Springfield, Massachusetts, Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products sold through a distribution chain and direct sales to consumers and international, state, and federal governments. The accessories segment consists of hunting and shooting accessories developed and marketed from our Columbia, Missouri facility. Operating costs are reported based on the activities performed within each segment.

 

Segment assets are those directly used in or clearly allocable to an operating segment’s operations. Total assets for our firearms segment as of July 31, 2015 were $362.0 million. Included in the assets of our firearms segment are intangible assets totaling $3.4 million; property, plant, and equipment totaling $131.7 million; and goodwill totaling $13.8 million. Total assets for our accessories segment as of July 31, 2015 were $152.1 million. Included in the assets of the accessories segment are intangible assets totaling $67.1 million; property, plant, and equipment totaling $2.5 million; and goodwill totaling $62.3 million.

 

Results by business segment are presented in the following table for the three months ended July 31, 2015 (in thousands):

 

 

 

For the Three Months Ended July 31, 2015 (a)

 

 

 

Firearms (b)

 

 

Accessories (b)

 

 

Total

 

Net sales

 

$

 

134,431

 

 

$

 

13,332

 

 

$

 

147,763

 

Cost of sales

 

 

 

82,378

 

 

 

 

6,515

 

 

 

 

88,893

 

Gross margin

 

 

 

52,053

 

 

 

 

6,817

 

 

 

 

58,870

 

Operating income

 

 

 

28,917

 

 

 

 

900

 

(c)

 

 

29,817

 

Income tax expense

 

 

 

7,988

 

 

 

 

211

 

 

 

 

8,199

 

_________________

(a) We operated under one segment in the three month period ended July 31, 2014; thus, no comparative segment information is presented.

(b) We allocate all of corporate overhead expenses, such as general and administrative expenses and other corporate-level expenses, to both our firearm and accessories segments.

(c) Amount is net of $2.0 million of amortization of intangible assets identified as a result of the BTI Acquisition.