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Discontinued Operations (Tables)
 9 Months Ended
Jan. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Summary of Results of Discontinued Operations

The following table summarizes the major line items for the outdoor products and accessories business that are included in income/(loss) from discontinued operations, net of tax, in the condensed consolidation statements of income/(loss) and comprehensive income/(loss):

 

 

 

For the Three Months Ended January 31,

 

For the Nine Months Ended January 31,

 

 

 

2021

 

 

2020

 

2021

 

 

2020

 

 

 

(In thousands)

 

Net revenues

 

$

—

 

 

$

39,279

 

$

61,249

 

 

$

108,178

 

Cost of sales

 

 

                   —

 

 

 

19,763

 

 

27,147

 

 

 

58,402

 

Operating expenses

 

 

                   —

 

 

 

17,420

 

 

23,458

 

 

 

52,175

 

Interest (expense)/income, net

 

 

(6

)

 

 

                   —

 

 

(6

)

 

 

21

 

Other income/(expense), net

 

 

                   —

 

 

 

(7

)

 

118

 

 

 

(7

)

(Loss)/income from discontinued operations before

   income taxes

 

$

(6

)

 

$

2,089

 

$

10,756

 

 

$

(2,385

)

Income tax (benefit)/expense

 

 

(133

)

 

 

585

 

 

2,422

 

 

 

(546

)

Income/(loss) from discontinued operations, net of tax

 

$

127

 

 

$

1,504

 

$

8,334

 

 

$

(1,839

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented:

 

 

 

As of:

 

 

 

January 31, 2021

 

 

April 30, 2020

 

 

 

(In thousands)

 

Cash and cash equivalents

 

$

—

 

 

$

387

 

Accounts receivable, net

 

—

 

 

 

32,554

 

Inventories

 

—

 

 

 

60,450

 

Prepaid expenses and other current assets

 

—

 

 

 

1,282

 

Property, plant, and equipment, net

 

—

 

 

 

9,678

 

Intangible assets, net

 

—

 

 

 

69,379

 

Goodwill

 

—

 

 

 

64,581

 

Deferred income taxes

 

—

 

 

 

2,950

 

Other assets

 

—

 

 

 

1,897

 

Total assets of discontinued operations

 

$

—

 

 

$

243,158

 

Current liabilities

 

$

—

 

 

$

17,372

 

Other non-current liabilities

 

 

—

 

 

 

2,299

 

Total liabilities of discontinued operations

 

$

—

 

 

$

19,671