XML 55 R36.htm IDEA: XBRL DOCUMENT
v3.26.1

Stockholders' Equity (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2026
Equity [Abstract] |
Summary of Stock Compensation Expense | The following table summarizes stock compensation expense by line item for the fiscal years ended April 30, 2026, 2025, and 2024 (in thousands):
|  | For the Year Ended April 30, |
|  | 2026 |  |  | 2025 |  |  | 2024 |
Cost of sales |  | $ | 615 |  |  | $ | 686 |  |  | $ | 648 |
Research and development |  |  | 340 |  |  |  | 625 |  |  |  | 77 |
Selling, marketing, and distribution |  |  | 1,150 |  |  |  | 1,148 |  |  |  | 930 |
General and administrative |  |  | 6,245 |  |  |  | 5,150 |  |  |  | 4,028 |
Total stock-based compensation |  | $ | 8,350 |  |  | $ | 7,609 |  |  | $ | 5,683 |
Share Based Payment Award Performance Shares Valuation Assumptions | We grant PSUs to our executive officers and, from time to time, certain management employees who are not executive officers. At the time of grant, we calculate the fair value of our PSUs using the Monte Carlo simulation. We incorporate the following variables into the valuation model:
|  | For the Year Ended April 30, |
|  | 2026 |  |  | 2025 |  |  | 2024 |
Grant date fair market value |  |  |  |  |  |  |  |  |
Smith & Wesson Brands, Inc. |  | $ | 9.22 |  |  | $ | 16.80 |  |  | $ | 12.08 |
Russell 2000 Index |  | $ | 1,975.86 |  |  | $ | 1,980.23 |  |  | $ | 1,769.21 |
Volatility (a) |  |  |  |  |  |  |  |  |
Smith & Wesson Brands, Inc. |  |  | 44.70 | % |  |  | 50.91 | % |  |  | 58.46 | %
Russell 2000 Index |  |  | 23.56 | % |  |  | 22.98 | % |  |  | 27.08 | %
Correlation coefficient (b) |  |  | 0.3541 |  |  |  | 0.3904 |  |  |  | 0.3528 |
Risk-free interest rate (c) |  |  | 3.66 | % |  |  | 4.73 | % |  |  | 3.81 | %
Dividend yield |  |  | 5.64 | % |  |  | 2.86 | % |  |  | 3.31 | %
(a) Expected volatility is calculated over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years. (b) The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions. (c) The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period.
Summary of Activity for Unvested RSUs and PSUs | A summary of activity for unvested RSUs and PSUs for fiscal years 2026, 2025, and 2024 is as follows:
|  | For the Year Ended April 30, |
|  | 2026 |  |  | 2025 |  |  | 2024 |
|  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  | Total # of |  |  | Average |  |  | Total # of |  |  |  | Average |  |  | Total # of |  |  |  | Average |
|  | Restricted |  |  | Grant Date |  |  | Restricted |  |  |  | Grant Date |  |  | Restricted |  |  |  | Grant Date |
|  | Stock Units |  |  | Fair Value |  |  | Stock Units |  |  |  | Fair Value |  |  | Stock Units |  |  |  | Fair Value |
RSUs and PSUs outstanding, beginning of period |  |  | 1,204,133 |  |  | $ | 14.21 |  |  |  | 1,000,347 |  |  |  | $ | 13.45 |  |  |  | 932,705 |  |  |  | $ | 13.14 |
Awarded |  |  | 841,027 |  |  |  | 9.38 |  |  |  | 629,773 |  |  |  |  | 15.60 |  |  |  | 533,940 |  |  |  |  | 12.07 |
Released |  |  | (390,259 | ) |  |  | 14.07 |  |  |  | (287,929 | ) |  |  |  | 13.18 |  |  |  | (283,813 | ) | (a) |  |  | 11.54 |
Forfeited |  |  | (173,199 | ) |  |  | 13.22 |  |  |  | (138,058 | ) |  |  |  | 17.01 |  |  |  | (182,485 | ) |  |  |  | 10.83 |
RSUs and PSUs outstanding, end of period |  |  | 1,481,702 |  |  | $ | 11.62 |  |  |  | 1,204,133 |  |  |  | $ | 14.21 |  |  |  | 1,000,347 |  |  |  | $ | 13.45 |
(a) Includes 55,726 PSUs that vested during fiscal 2023.
Schedule of Assumptions used in Valuing ESPP Purchases | The following assumptions were used in valuing our ESPP purchases during the years ended April 30, 2026, 2025, and 2024:
|  | For the Year Ended April 30, |
|  | 2026 |  |  | 2025 |  |  | 2024 |
Risk-free interest rate |  |  | 3.726 | % |  |  | 4.136 | % |  |  | 5.225 | %
Expected term |  | 6 months |  |  | 6 months |  |  | 6 months |
Expected volatility |  |  | 45.82 | % |  |  | 42.03 | % |  |  | 45.69 | %
Dividend yield |  |  | 4.61 | % |  |  | 4.97 | % |  |  | 3.27 | %

X
- Definition Schedule of share based payment award performance shares valuation assumptions. + References No definition available. + Details
Name: | swbi_ScheduleOfShareBasedPaymentAwardPerformanceSharesValuationAssumptionsTableTextBlock
Namespace Prefix: | swbi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 50 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718-50/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration