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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2016
Jan. 31, 2015
Jan. 31, 2016
Jan. 31, 2015
Income Statement [Abstract]        
Net sales $ 210,786 [1] $ 130,550 [2] $ 501,791 [1] $ 370,865 [2]
Cost of sales 124,128 [1] 86,726 [2] 300,048 [1] 243,083 [2]
Gross profit 86,658 [1] 43,824 [2] 201,743 [1] 127,782 [2]
Operating expenses:        
Research and development 2,521 1,901 7,612 4,830
Selling and marketing 11,505 10,088 33,260 26,884
General and administrative 22,484 16,224 59,124 44,010
Total operating expenses 36,510 28,213 99,996 75,724
Operating income 50,148 [1] 15,611 [2] 101,747 [1] 52,058 [2]
Other (expense)/income:        
Other (expense)/income, net (5) 16 (17) (1)
Interest income 61 240 139 284
Interest expense (2,140) (3,192) (11,714) (8,090)
Total other (expense)/income, net (2,084) (2,936) (11,592) (7,807)
Income before income taxes 48,064 12,675 90,155 44,251
Income tax expense 16,630 [1] 4,554 [2] 31,844 [1] 16,526 [2]
Net income 31,434 8,121 58,311 27,725
Comprehensive income:        
Change in unrealized loss on interest rate swap (740)   (1,224)  
Other comprehensive loss, before income taxes (740)   (1,224)  
Income tax benefit on other comprehensive loss 274   451  
Other comprehensive loss, net of tax (466)   (773)  
Comprehensive income $ 30,968 $ 8,121 $ 57,538 $ 27,725
Net income per share:        
Basic $ 0.57 $ 0.15 $ 1.07 $ 0.51
Diluted $ 0.56 $ 0.15 $ 1.05 $ 0.50
Weighted average number of common shares outstanding:        
Basic 54,857 53,724 54,508 54,033
Diluted 55,981 54,859 55,784 55,258
[1] 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.
[2] 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.