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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2015
Income Statement [Abstract]      
Net sales [1] $ 903,188 $ 722,908 $ 551,862
Cost of sales [1] 527,916 429,096 356,936
Gross profit [1] 375,272 293,812 194,926
Operating expenses:      
Research and development 10,238 10,005 6,943
Selling and marketing 49,338 42,257 36,033
General and administrative 115,757 82,907 62,322
Total operating expenses 175,333 135,169 105,298
Operating income [1] 199,939 158,643 89,628
Other (expense)/income, net:      
Other expense, net (52) (22) 39
Interest expense, net (8,581) (13,528) (10,935)
Total other (expense)/income, net (8,633) (13,550) (10,896)
Income from continuing operations before income taxes 191,306 145,093 78,732
Income tax expense [1] 63,452 51,135 28,905
Income from continuing operations 127,854 93,958 49,827
Discontinued operations:      
Loss from operations of discontinued security solutions division     (297)
Income tax benefit     (83)
Loss from discontinued operations     (214)
Net income 127,854 93,958 49,613
Comprehensive income/(loss):      
Change in unrealized income/(loss) on interest rate swap 1,860 (1,289)  
Other comprehensive income/(loss), before income taxes 1,860 (1,289)  
Income tax (expense)/benefit on other comprehensive income/(loss) (676) 468  
Other comprehensive income/(loss), net of tax 1,184 (821)  
Comprehensive income $ 129,038 $ 93,137 $ 49,613
Net income per share:      
Basic - continuing operations $ 2.29 $ 1.72 [2] $ 0.92
Basic - total 2.29 [2] 1.72 [2] 0.92
Diluted - continuing operations 2.25 1.68 [2] 0.90
Diluted - total $ 2.25 [2] $ 1.68 [2] $ 0.90
Weighted average number of common shares outstanding:      
Basic 55,930 54,765 53,988
Diluted 56,891 55,965 55,228
[1] 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.
[2] Basic and diluted earnings per share may not equal the sum of the quarterly basic and diluted earnings per share due to rounding.