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Segment Reporting (Tables) | 12 Months Ended
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Apr. 30, 2017
Segment Reporting [Abstract] |
Schedule of Assets by Business Segment | Assets by business segment are presented in the following table as of April 30, 2017 and 2016 (in thousands):
|  | As of April 30, 2017 |  |  |  | As of April 30, 2016 |
|  | Firearms |  |  |  | Outdoor Products & Accessories |  |  |  | Total |  |  |  | Firearms |  |  |  | Outdoor Products & Accessories |  |  |  | Total |
Total assets |  | $ | 393,341 |  |  |  | $ | 394,695 |  |  |  | $ | 788,036 |  |  |  | $ | 458,053 |  |  |  | $ | 161,450 |  |  |  | $ | 619,503 |
Property, plant, and equipment, net |  |  | 135,985 |  |  |  |  | 13,700 |  |  |  |  | 149,685 |  |  |  |  | 132,274 |  |  |  |  | 3,131 |  |  |  |  | 135,405 |
Intangibles, net |  |  | 2,792 |  |  |  |  | 138,525 |  |  |  |  | 141,317 |  |  |  |  | 2,903 |  |  |  |  | 60,021 |  |  |  |  | 62,924 |
Goodwill |  |  | 13,770 |  |  |  |  | 155,247 |  |  |  |  | 169,017 |  |  |  |  | 13,770 |  |  |  |  | 62,587 |  |  |  |  | 76,357 |
Schedule of Results by Business Segment | Results by business segment are presented in the following table for the years ended April 30, 2017, 2016, and 2015 (in thousands):
|  | For the Year Ended April 30, 2017 (a) |
|  | Firearms |  |  |  | Outdoor Products & Accessories |  |  |  | Corporate |  |  |  | Intersegment Eliminations |  |  |  | Total |
Revenue from external customers |  | $ | 772,997 |  |  |  | $ | 130,191 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | 903,188 |
Intersegment revenue |  |  | 3,643 |  |  |  |  | 10,530 |  |  |  |  | — |  |  |  |  | (14,173 | ) |  |  |  | — |
Total net sales |  |  | 776,640 |  |  |  |  | 140,721 |  |  |  |  | — |  |  |  |  | (14,173 | ) |  |  |  | 903,188 |
Cost of sales |  |  | 464,019 |  |  |  |  | 75,737 |  | (c) |  |  | — |  |  |  |  | (11,840 | ) |  |  |  | 527,916 |
Gross margin |  |  | 312,619 |  |  |  |  | 64,985 |  |  |  |  | — |  |  |  |  | (2,332 | ) |  |  |  | 375,272 |
Operating income/(loss) |  |  | 201,442 |  |  |  |  | (3,949 | ) | (d) |  |  | (47,787 | ) |  |  |  | 50,233 |  |  |  |  | 199,939 |
Income tax expense/(benefit) |  |  | 77,585 |  |  |  |  | (2,300 | ) |  |  |  | (11,833 | ) |  |  |  | — |  |  |  |  | 63,452 |
|  | For the Year Ended April 30, 2016 (a) |
|  | Firearms |  |  |  | Outdoor Products & Accessories |  |  |  | Corporate |  |  |  | Intersegment Eliminations |  |  |  | Total |
Revenue from external customers |  | $ | 652,065 |  | (b) |  | $ | 70,843 |  | (b) |  | $ | — |  |  |  | $ | — |  |  |  | $ | 722,908 |
Intersegment revenue |  |  | 1,821 |  |  |  |  | 743 |  |  |  |  | — |  |  |  |  | (2,564 | ) |  |  |  | — |
Total net sales |  |  | 653,886 |  |  |  |  | 71,586 |  |  |  |  | — |  |  |  |  | (2,564 | ) |  |  |  | 722,908 |
Cost of sales |  |  | 394,118 |  | (b) |  |  | 37,536 |  | (b) |  |  | — |  |  |  |  | (2,558 | ) |  |  |  | 429,096 |
Gross margin |  |  | 259,767 |  |  |  |  | 34,051 |  |  |  |  | — |  |  |  |  | (6 | ) |  |  |  | 293,812 |
Operating income/(loss) |  |  | 153,728 |  |  |  |  | 3,511 |  |  |  |  | (17,201 | ) |  |  |  | 18,605 |  |  |  |  | 158,643 |
Income tax expense/(benefit) |  |  | 58,103 |  |  |  |  | 1,006 |  |  |  |  | (7,974 | ) |  |  |  | — |  |  |  |  | 51,135 |
|  | For the Year Ended April 30, 2015 (a) |
|  | Firearms |  |  |  | Outdoor Products & Accessories |  |  |  | Corporate |  |  |  | Intersegment Eliminations |  |  |  | Total |
Revenue from external customers |  | $ | 531,222 |  |  |  | $ | 20,640 |  |  |  | $ — |  |  |  | $ — |  |  |  | $ | 551,862 |
Intersegment revenue |  |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |
Total net sales |  |  | 531,222 |  |  |  |  | 20,640 |  |  |  |  | — |  |  |  |  | — |  |  |  |  | 551,862 |
Cost of sales |  |  | 342,663 |  |  |  |  | 14,273 |  | (e) |  |  | — |  |  |  |  | — |  |  |  |  | 356,936 |
Gross margin |  |  | 188,559 |  |  |  |  | 6,367 |  |  |  |  | — |  |  |  |  | — |  |  |  |  | 194,926 |
Operating income/(loss) |  |  | 91,788 |  |  |  |  | (3,505 | ) | (f) |  |  | (13,695 | ) | (a) |  |  | 15,040 |  |  |  |  | 89,628 |
Income tax expense/(benefit) |  |  | 35,427 |  |  |  |  | (1,133 | ) |  |  |  | (5,389 | ) |  |  |  | — |  |  |  |  | 28,905 |
(a) | For the years ended April 30, 2017 and 2016, we allocated 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. For the year ended April 30, 2015, segment information herein has been restated from that previously presented to allocate corporate overhead expenses on the same basis. Corporate overhead expenses were not previously allocated for the year ended April 30, 2015 due to the timing of the BTI Acquisition.
(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 the 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 year ended April 30, 2016.
(c) | Amount includes $4.7 million of additional cost of goods sold from the fair value inventory step-up and backlog expense related to the 2017 Acquisitions.
(d) | Amount includes $18.4 million of amortization of intangible assets identified as a result of our acquisitions.
(e) | Amount includes $4.2 million of additional cost of goods sold from the fair value inventory step-up related to the BTI Acquisition.
(f) | Amount includes $3.6 million 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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8736-108599 + Details
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