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Condensed Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2019
Oct. 31, 2018
Income Statement [Abstract]        
Net sales [1] $ 154,388 $ 161,703 $ 278,057 $ 300,536
Cost of sales [1] 104,082 105,317 179,898 191,728
Gross profit [1] 50,306 56,386 98,159 108,808
Operating expenses:        
Research and development 2,988 3,251 6,217 6,062
Selling, marketing, and distribution 19,352 15,291 36,125 26,906
General and administrative 23,082 26,518 49,791 51,039
Total operating expenses 45,422 45,060 92,133 84,007
Operating income [1] 4,884 11,326 6,026 24,801
Other (expense)/income, net:        
Other income/(expense), net 86 8 91 (9)
Interest expense, net (3,039) (2,274) (5,666) (4,274)
Total other (expense)/income, net (2,953) (2,266) (5,575) (4,283)
Income from operations before income taxes 1,931 9,060 451 20,518
Income tax expense [1] 638 2,395 1,266 6,208
Net income/(loss) 1,293 6,665 (815) 14,310
Comprehensive (loss)/income:        
Change in unrealized loss on interest rate swap (198) (54) (618) (158)
Other comprehensive loss, before income taxes (198) (54) (618) (158)
Income tax benefit on other comprehensive loss 45 14 137 41
Other comprehensive loss, net of tax (153) (40) (481) (117)
Comprehensive income/(loss): $ 1,140 $ 6,625 $ (1,296) $ 14,193
Net income/(loss) per share:        
Basic $ 0.02 $ 0.12 $ (0.01) $ 0.26
Diluted $ 0.02 $ 0.12 $ (0.01) $ 0.26
Weighted average number of common shares outstanding:        
Basic 54,912 54,444 54,847 54,395
Diluted 55,424 55,107 54,847 55,047
[1] We allocate 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.