XML 104 R89.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Reporting - Schedule of Results by Business Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Apr. 30, 2018 | Jan. 31, 2018 | Oct. 31, 2017 | Jul. 31, 2017 | Apr. 30, 2017 | Jan. 31, 2017 | Oct. 31, 2016 | Jul. 31, 2016 | Apr. 30, 2018 | Apr. 30, 2017 | Apr. 30, 2016
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales |  | $ 172,026 | $ 157,376 | $ 148,427 | $ 129,021 | $ 229,186 | $ 233,523 | $ 233,528 | $ 206,951 | $ 606,850 | [1] | $ 903,188 | [1] | $ 722,908 | [1]
Cost of sales | [1] |  |  |  |  |  |  |  |  | 411,098 |  | 527,916 |  | 429,096 |
Gross margin |  | $ 57,404 | $ 46,917 | $ 50,799 | $ 40,632 | $ 90,787 | $ 99,311 | $ 97,605 | $ 87,569 | 195,752 | [1] | 375,272 | [1] | 293,812 | [1]
Operating income/(loss) | [1] |  |  |  |  |  |  |  |  | 27,048 |  | 199,939 |  | 158,643 |
Income tax expense/(benefit) | [1] |  |  |  |  |  |  |  |  | (2,511) | [2] | 63,452 |  | 51,135 |
Firearms Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | 448,986 |  | 772,997 |  | 652,065 | [3]
Outdoor Products & Accessories Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | 157,864 |  | 130,191 |  | 70,843 | [3]
Intersegment Eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | (17,623) |  | (14,173) |  | (2,564) |
Cost of sales | [1] |  |  |  |  |  |  |  |  | (15,613) |  | (11,840) |  | (2,558) |
Gross margin | [1] |  |  |  |  |  |  |  |  | (2,010) |  | (2,332) |  | (6) |
Operating income/(loss) | [1] |  |  |  |  |  |  |  |  | 46,471 |  | 50,233 |  | 18,605 |
Intersegment Eliminations | Firearms Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | 3,807 |  | 3,643 |  | 1,821 |
Intersegment Eliminations | Outdoor Products & Accessories Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | 13,816 |  | 10,530 |  | 743 |
Operating Segments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | 606,850 |  | 903,188 |  | 722,908 |
Operating Segments | Firearms Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | 452,793 |  | 776,640 |  | 653,886 |
Cost of sales | [1] |  |  |  |  |  |  |  |  | 332,889 | [4] | 464,019 |  | 394,118 | [3]
Gross margin | [1] |  |  |  |  |  |  |  |  | 119,903 |  | 312,619 |  | 259,767 |
Operating income/(loss) | [1] |  |  |  |  |  |  |  |  | 30,213 |  | 201,442 |  | 153,728 |
Income tax expense/(benefit) | [1] |  |  |  |  |  |  |  |  | 16,729 | [2] | 77,585 |  | 58,103 |
Operating Segments | Outdoor Products & Accessories Segment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Net Sales | [1] |  |  |  |  |  |  |  |  | 171,680 |  | 140,721 |  | 71,586 |
Cost of sales | [1] |  |  |  |  |  |  |  |  | 93,822 |  | 75,737 | [5] | 37,536 | [3]
Gross margin | [1] |  |  |  |  |  |  |  |  | 77,859 |  | 64,985 |  | 34,051 |
Operating income/(loss) | [1] |  |  |  |  |  |  |  |  | (5,508) | [6] | (3,949) | [7] | 3,511 |
Income tax expense/(benefit) | [1] |  |  |  |  |  |  |  |  | (8,059) | [2] | (2,300) |  | 1,006 |
Intersegment Eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income/(loss) | [1] |  |  |  |  |  |  |  |  | (44,128) |  | (47,787) |  | (17,201) |
Income tax expense/(benefit) | [1] |  |  |  |  |  |  |  |  | $ (11,181) | [2] | $ (11,833) |  | $ (7,974) |
[1] | For the years ended April 30, 2018, 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.
[2] | Amounts include an income tax benefit of approximately $8.7 million, primarily caused by the effect of Tax Reform, which resulted in the remeasurement of deferred tax assets and liabilities at lower enacted corporate federal tax rates.
[3] | 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.
[4] | Amount includes $500,000 of additional cost of goods sold from the fair value inventory step-up related to our 2018 Acquisitions.
[5] | 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.
[6] | Amount includes $20.8 million of amortization of intangible assets identified as a result of our acquisitions.
[7] | Amount includes $18.4 million of amortization of intangible assets identified as a result of our acquisitions.

X
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_CostOfGoodsAndServicesSold
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1,2) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_GrossProfit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_SalesRevenueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=aobc_FirearmsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=aobc_OutdoorProductsAndAccessoriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |