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Segment Reporting
 12 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

16. Segment Reporting

We operate our business as one operating segment, which also represents one reportable segment: firearms. Therefore, results of our operations are reported on a consolidated basis for purposes of segment reporting, consistent with internal management reporting.

The firearms segment is engaged in the design, manufacture, and sale of a variety of firearms and firearm-related products. Our Chief Executive Officer has been identified as the chief operating decision maker (CODM). The CODM manages and allocates resources on a consolidated basis. The determination of a single segment is consistent with the financial information regularly reviewed by the CODM for purposes of evaluating performance and allocating resources, which is reviewed on a consolidated basis.

As our CODM evaluates the financial performance of our firearms segment on a consolidated basis, the measure of segment performance is net income, as reflected in the consolidated statements of income. The CODM uses net income to allocate resources on a consolidated basis, which enables the CODM to assess both the overall level of resources available and optimize distribution of resources in line with our long-term strategic goals. Our segment net sales, segment significant expenses, and segment profit, as provided to the CODM, align to the captions presented on our consolidated statements of income. As we manage our assets on a consolidated basis, the measure of segment assets is total assets, as reflected in the consolidated balance sheets.

The following table summarizes additional segment information, not already disclosed elsewhere (in thousands):

 

 

 

For the Year Ended April 30,

 

 

2026

 

 

2025

 

 

2024

 

Interest income

 

$

2,376

 

 

$

2,667

 

 

$

2,783

 

Interest expense

 

 

(7,186

)

 

 

(7,289

)

 

 

(4,838

)

Interest expense, net

 

$

(4,810

)

 

$

(4,622

)

 

$

(2,055

)