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v3.19.3.a.u2

Segment Reporting (Tables) | 9 Months Ended
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Jan. 31, 2020
Segment Reporting [Abstract] |
Schedule of Assets by Business Segment | Assets by business segment are presented in the following table as of January 31, 2020 and April 30, 2019 (in thousands):
|  | As of January 31, 2020 |  |  | As of April 30, 2019 |
|  | Firearms |  |  | Outdoor Products & Accessories |  |  | Total |  |  | Firearms |  |  | Outdoor Products & Accessories |  |  | Total |
Total assets |  | $ | 463,825 |  |  | $ | 344,322 |  |  | $ | 808,147 |  |  | $ | 389,719 |  |  | $ | 377,070 |  |  | $ | 766,789 |
Property, plant, and equipment, net |  |  | 153,532 |  |  |  | 10,809 |  |  |  | 164,341 |  |  |  | 170,549 |  |  |  | 12,719 |  |  |  | 183,268 |
Intangibles, net |  |  | 5,039 |  |  |  | 73,307 |  |  |  | 78,346 |  |  |  | 4,661 |  |  |  | 87,179 |  |  |  | 91,840 |
Goodwill |  |  | 19,024 |  |  |  | 163,243 |  |  |  | 182,267 |  |  |  | 19,024 |  |  |  | 163,245 |  |  |  | 182,269 |
Schedule of Results by Business Segment | Results by business segment are presented in the following tables for the three months ended January 31, 2020 and 2019 (in thousands):
|  | For the Three Months Ended January 31, 2020 (a) |
|  | Firearms |  |  | Outdoor Products & Accessories |  |  | Corporate |  |  | Intersegment Eliminations |  |  | Total |
Revenue from external customers |  | $ | 126,509 |  |  | $ | 40,186 |  |  | $ | — |  |  | $ | — |  |  | $ | 166,695 |
Intersegment revenue |  |  | 907 |  |  |  | 3,084 |  |  |  | — |  |  |  | (3,991 | ) |  |  | — |
Total gross revenue |  |  | 127,416 |  |  |  | 43,270 |  |  |  | — |  |  |  | (3,991 | ) |  |  | 166,695 |
Cost of sales |  |  | 91,854 |  |  |  | 24,751 |  |  |  | — |  |  |  | (5,113 | ) |  |  | 111,492 |
Gross margin |  |  | 35,562 |  |  |  | 18,519 |  |  |  | — |  |  |  | 1,122 |  |  |  | 55,203 |
Operating income/(loss) |  |  | 10,128 |  |  |  | (1,111 | ) |  |  | (7,727 | ) |  |  | 9,617 |  |  |  | 10,907 |
Income tax expense/(benefit) |  |  | 5,722 |  |  |  | 816 |  |  |  | (4,265 | ) |  |  | — |  |  |  | 2,273 |
|  | For the Three Months Ended January 31, 2019 (a) |
|  | Firearms |  |  | Outdoor Products & Accessories |  |  | Corporate |  |  | Intersegment Eliminations |  |  | Total |
Revenue from external customers |  | $ | 123,045 |  |  | $ | 38,963 |  |  | $ | — |  |  | $ | — |  |  | $ | 162,008 |
Intersegment revenue |  |  | 578 |  |  |  | 2,948 |  |  |  | — |  |  |  | (3,526 | ) |  |  | — |
Total gross revenue |  |  | 123,623 |  |  |  | 41,911 |  |  |  | — |  |  |  | (3,526 | ) |  |  | 162,008 |
Cost of sales |  |  | 89,262 |  |  |  | 22,564 |  |  |  | — |  |  |  | (3,877 | ) |  |  | 107,949 |
Gross margin |  |  | 34,361 |  |  |  | 19,347 |  |  |  | — |  |  |  | 351 |  |  |  | 54,059 |
Operating income/(loss) |  |  | 9,792 |  |  |  | (13,529 | ) |  |  | (11,427 | ) |  |  | 13,131 |  |  |  | (2,033 | )
Income tax expense/(benefit) |  |  | 2,461 |  |  |  | (459 | ) |  |  | (811 | ) |  |  | — |  |  |  | 1,191 |
Results by business segment are presented in the following tables for the nine months ended January 31, 2020 and 2018 (in thousands):
|  | For the Nine Months Ended January 31, 2020 (a) |
|  | Firearms |  |  | Outdoor Products & Accessories |  |  | Corporate |  |  | Intersegment Eliminations |  |  | Total |
Revenue from external customers |  | $ | 333,952 |  |  | $ | 110,801 |  |  | $ | — |  |  | $ | — |  |  | $ | 444,753 |
Intersegment revenue |  |  | 2,623 |  |  |  | 13,495 |  |  |  | — |  |  |  | (16,118 | ) |  |  | — |
Total gross revenue |  |  | 336,575 |  |  |  | 124,296 |  |  |  | — |  |  |  | (16,118 | ) |  |  | 444,753 |
Cost of sales |  |  | 233,494 |  |  |  | 73,119 |  |  |  | — |  |  |  | (15,223 | ) |  |  | 291,390 |
Gross margin |  |  | 103,081 |  |  |  | 51,177 |  |  |  | — |  |  |  | (895 | ) |  |  | 153,363 |
Operating income/(loss) |  |  | 24,538 |  |  |  | (9,535 | ) |  |  | (29,671 | ) |  |  | 31,601 |  |  |  | 16,933 |
Income tax expense/(benefit) |  |  | 13,885 |  |  |  | 947 |  |  |  | (11,293 | ) |  |  | — |  |  |  | 3,539 |
|  | For the Nine Months Ended January 31, 2019 (a) |
|  | Firearms |  |  | Outdoor Products & Accessories |  |  | Corporate |  |  | Intersegment Eliminations |  |  | Total |
Revenue from external customers |  | $ | 338,513 |  |  | $ | 124,031 |  |  | $ | — |  |  | $ | — |  |  | $ | 462,544 |
Intersegment revenue |  |  | 2,125 |  |  |  | 11,087 |  |  |  | — |  |  |  | (13,212 | ) |  |  | — |
Total gross revenue |  |  | 340,638 |  |  |  | 135,118 |  |  |  | — |  |  |  | (13,212 | ) |  |  | 462,544 |
Cost of sales |  |  | 239,639 |  |  |  | 73,474 |  |  |  | — |  |  |  | (13,436 | ) |  |  | 299,677 |
Gross margin |  |  | 100,999 |  |  |  | 61,644 |  |  |  | — |  |  |  | 224 |  |  |  | 162,867 |
Operating income/(loss) |  |  | 34,255 |  |  |  | (15,550 | ) |  |  | (33,168 | ) |  |  | 37,232 |  |  |  | 22,769 |
Income tax expense/(benefit) |  |  | 9,295 |  |  |  | (466 | ) |  |  | (1,430 | ) |  |  | — |  |  |  | 7,399 |
(a) | 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.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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