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Condensed Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
Income Statement [Abstract]        
Net sales [1] $ 166,695 $ 162,008 $ 444,753 $ 462,544
Cost of sales [1] 111,492 107,949 291,390 299,677
Gross profit [1] 55,203 54,059 153,363 162,867
Operating expenses:        
Research and development 3,192 3,297 9,410 9,358
Selling, marketing, and distribution 19,294 15,373 55,419 42,279
General and administrative 21,810 27,026 71,601 78,065
Goodwill impairment   10,396   10,396
Total operating expenses 44,296 56,092 136,430 140,098
Operating income/(loss) [1] 10,907 (2,033) 16,933 22,769
Other (expense)/income, net:        
Other income/(expense), net (18) 47 73 38
Interest expense, net (2,885) (2,548) (8,551) (6,822)
Total other (expense)/income, net (2,903) (2,501) (8,478) (6,784)
Income from operations before income taxes 8,004 (4,534) 8,455 15,985
Income tax expense [1] 2,273 1,191 3,539 7,399
Net income/(loss) 5,731 (5,725) 4,916 8,586
Comprehensive loss:        
Change in unrealized loss on interest rate swap (92) (834) (710) (991)
Other comprehensive loss, before income taxes (92) (834) (710) (991)
Income tax benefit on other comprehensive loss 26 217 163 257
Other comprehensive loss, net of tax (66) (617) (547) (734)
Comprehensive income/(loss): $ 5,665 $ (6,342) $ 4,369 $ 7,852
Net income/(loss) per share:        
Basic $ 0.10 $ (0.10) $ 0.09 $ 0.16
Diluted $ 0.10 $ (0.10) $ 0.09 $ 0.16
Weighted average number of common shares outstanding:        
Basic 55,064 54,544 54,919 54,444
Diluted 55,744 54,544 55,641 55,132
[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.