Goodwill and Intangible Assets

9 Months Ended

Jan. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

(5) Goodwill and Intangible Assets:

The changes in the carrying amount of goodwill for the three and nine months ended January 31, 2020 by reporting segment were as follows:

			Outdoor Products &
	Firearms Segment		Accessories Segment			Total Goodwill
Balance as of April 30, 2019	$	19,024	$	163,245		$	182,269
Adjustments		—		(2	)		(2	)
Balance as of July 31, 2019		19,024		163,243			182,267
Adjustments		—		—			—
Balance as of October 31, 2019		19,024		163,243			182,267
Adjustments		—		—			—
Balance as of January 31, 2020	$	19,024	$	163,243		$	182,267

See Note 12 — Segment Reporting for more detail on segment financial information.

The following table presents a summary of intangible assets as of January 31, 2020 and April 30, 2019 (in thousands):

	January 31, 2020							April 30, 2019
	Gross							Gross
	Carrying		Accumulated			Net Carrying		Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer relationships	$	92,560	$	(50,325	)	$	42,235	$	92,560	$	(41,643	)	$	50,917
Developed technology		21,788		(11,968	)		9,820		21,230		(10,428	)		10,802
Patents, trademarks, and trade names		57,775		(32,859	)		24,916		57,477		(28,479	)		28,998
Backlog		1,150		(1,150	)		—		1,150		(1,150	)		—
		173,273		(96,302	)		76,971		172,417		(81,700	)		90,717
Patents in progress		1,045		—			1,045		897		—			897
Total definite-lived intangible assets		174,318		(96,302	)		78,016		173,314		(81,700	)		91,614
Indefinite-lived intangible assets		330		—			330		226		—			226
Total intangible assets	$	174,648	$	(96,302	)	$	78,346	$	173,540	$	(81,700	)	$	91,840

We amortize intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed technology, and five years for patents, trademarks, and trade names. Amortization expense, excluding amortization of deferred financing costs, amounted to $4.8 million and $5.5 million for the three months ended January 31, 2020 and 2019, respectively. Amortization expense, excluding amortization of deferred financing costs, amounted to $14.4 million and $16.5 million for the nine months ended January 31, 2020 and 2019, respectively.

Estimated amortization expense of intangible assets for the remainder of fiscal 2020 and succeeding fiscal years is as follows (in thousands):

Fiscal	Amount
2020	$	4,857
2021		16,795
2022		14,410
2023		11,855
2024		10,107
Thereafter		18,947
Total	$	76,971