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Segment Information (Tables) | 9 Months Ended
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Jan. 31, 2016
Segment Reporting [Abstract] |
Schedule of Results by Business Segment | Results by business segment are presented in the following tables for the three months ended January 31, 2016 and 2015 (in thousands):
|  | For the Three Months Ended January 31, 2016 (a) |
|  | Firearms |  |  |  | Accessories |  |  |  | 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 |  |  | 49,137 |  |  |  |  | 949 |  | (b) |  |  | 62 |  |  |  |  | 50,148 |
Income tax expense |  |  | 16,427 |  |  |  |  | 203 |  |  |  |  | — |  |  |  |  | 16,630 |
|  | For the Three Months Ended January 31, 2015 (c) |
|  | Firearms |  |  |  | Accessories |  |  |  | Intersegment eliminations |  |  |  | Total |
Revenue from external customers |  | $ | 124,490 |  |  |  | $ | 6,060 |  |  |  | $ — |  |  |  | $ | 130,550 |
Intersegment revenue |  |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |
Total net sales |  |  | 124,490 |  |  |  |  | 6,060 |  |  |  |  | — |  |  |  |  | 130,550 |
Cost of sales |  |  | 81,958 |  |  |  |  | 4,768 |  | (d) |  |  | — |  |  |  |  | 86,726 |
Gross margin |  |  | 42,532 |  |  |  |  | 1,292 |  | (d) |  |  | — |  |  |  |  | 43,824 |
Operating income |  |  | 17,571 |  |  |  |  | (1,960 | ) | (e) |  |  | — |  |  |  |  | 15,611 |
Income tax expense |  |  | 5,280 |  |  |  |  | (726 | ) |  |  |  | — |  |  |  |  | 4,554 |
Results by business segment are presented in the following tables for the nine months ended January 31, 2016 and 2015 (in thousands):
|  | For the Nine Months Ended January 31, 2016 (a) |
|  | Firearms |  |  |  | Accessories |  |  |  | Intersegment eliminations |  |  |  | Total |
Revenue from external customers |  | $ | 453,961 |  |  |  | $ | 47,830 |  |  |  | $ — |  |  |  | $ | 501,791 |
Intersegment revenue |  |  | 795 |  |  |  |  | 709 |  |  |  |  | (1,504 | ) |  |  |  | — |
Total net sales |  |  | 454,756 |  |  |  |  | 48,539 |  |  |  |  | (1,504 | ) |  |  |  | 501,791 |
Cost of sales |  |  | 278,147 |  |  |  |  | 23,405 |  |  |  |  | (1,504 | ) |  |  |  | 300,048 |
Gross margin |  |  | 177,174 |  |  |  |  | 24,569 |  |  |  |  | — |  |  |  |  | 201,743 |
Operating income |  |  | 99,104 |  |  |  |  | 2,643 |  | (b) |  |  | — |  |  |  |  | 101,747 |
Income tax expense |  |  | 31,110 |  |  |  |  | 734 |  |  |  |  | — |  |  |  |  | 31,844 |
|  | For the Nine Months Ended January 31, 2015 (c) |
|  | Firearms |  |  |  | Accessories |  |  |  | Intersegment eliminations |  |  |  | Total |
Revenue from external customers |  | $ | 364,805 |  |  |  | $ | 6,060 |  |  |  | $ — |  |  |  | $ | 370,865 |
Intersegment revenue |  |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |
Total net sales |  |  | 364,805 |  |  |  |  | 6,060 |  |  |  |  | — |  |  |  |  | 370,865 |
Cost of sales |  |  | 238,315 |  |  |  |  | 4,768 |  | (d) |  |  | — |  |  |  |  | 243,083 |
Gross margin |  |  | 126,490 |  |  |  |  | 1,292 |  | (d) |  |  | — |  |  |  |  | 127,782 |
Operating income |  |  | 54,018 |  |  |  |  | (1,960 | ) | (e) |  |  | — |  |  |  |  | 52,058 |
Income tax expense |  |  | 17,252 |  |  |  |  | (726 | ) |  |  |  | — |  |  |  |  | 16,526 |
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| (a) | 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.
| (b) | Amount includes $2.6 million and $7.2 million for the three and nine months ended January 31, 2016, respectively, of amortization of intangible assets identified as a result of the BTI Acquisition.
| (c) | Results of operations for the three and nine months ended January 31, 2015 include activity for the period subsequent to the BTI Acquisition. Due to the timing of the BTI Acquisition, the segment data above includes all corporate overhead expenses in our firearms segment.
| (d) | Amount includes $1.8 million of additional cost of goods sold from the fair value step-up in inventory at the date of the BTI Acquisition.
| (e) | Amount includes $1.3 million for the three and nine months ended January 31, 2015, of amortization of intangible assets identified as a result of the BTI Acquisition.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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