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Equity (Tables) | 12 Months Ended
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Apr. 30, 2025
Equity [Abstract] |
Schedule of Valuation Assumptions Used for Performance Stock Units | We incorporate the following variables into the valuation model:
|  | For the years ended April 30,
|  | 2025 |  | 2024 |  | 2023
Grant date fair market value |  |  |  |  |  |
American Outdoor Brands, Inc. |  | $ | 7.89 |  |  | $ | 8.79 |  |  | $ | 12.70 |
Russell 2000 Index |  | $ | 1,980.23 |  |  | $ | 1,769.21 |  |  | $ | 1,882.91 |
Volatility (a) |  |  |  |  |  |
American Outdoor Brands, Inc. |  | 48.15 | % |  | 45.53 | % |  | 49.04 | %
Russell 2000 Index |  | 22.98 | % |  | 27.08 | % |  | 31.75 | %
Correlation coefficient (b) |  | 0.36 |  |  | 0.48 |  |  | 0.50 |
Risk-free interest rate (c) |  | 4.73 | % |  | 3.81 | % |  | 2.91 | %
Dividend yield (d) |  | 0 | % |  | 0 | % |  | 0 | %
_____________________________________________________________________ (a)Expected volatility is calculated based on a peer group 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. (d)We do not expect to pay dividends in the foreseeable future.
Summary of Activity for Unvested RSUs and PSUs | A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the fiscal years ended April 30, 2025, 2024, and 2023 is as follows:
|  | For the years ended April 30,
|  | 2025 |  | 2024 |  | 2023
|  | Total # of Restricted Stock Units |  | Weighted Average Grant Date Fair Value |  | Total # of Restricted Stock Units |  | Weighted Average Grant Date Fair Value |  | Total # of Restricted Stock Units |  | Weighted Average Grant Date Fair Value
RSUs and PSUs outstanding, beginning of period |  | 624,093 |  | $ | 11.27 |  |  | 560,579 |  | $ | 13.36 |  |  | 349,774 |  | $ | 15.93 |
Awarded |  | 377,176 |  | 8.40 |  |  | 396,098 |  | 8.69 |  |  | 371,153 |  | 10.68 |
Vested |  | (250,059) |  | 10.43 |  |  | (212,636) |  | 11.31 |  |  | (145,958) |  | 12.62 |
Forfeited |  | (50,257) |  | 19.19 |  |  | (119,948) |  | 12.46 |  |  | (14,390) |  | 14.20 |
RSUs and PSUs outstanding, end of period |  | 700,953 |  | $ | 9.48 |  |  | 624,093 |  | $ | 11.27 |  |  | 560,579 |  | $ | 13.36 |
Summary of Valuation Assumptions Used for ESPP Purchases | The following assumptions were used in valuing ESPP purchases under our ESPP during the years ended April 30, 2025, 2024, and 2023:
|  | For the years ended April 30,
|  | 2025 |  | 2024 |  | 2023
Risk-free interest rate |  | 4.23 | % |  | 5.46% - 5.53% |  | 3.97% - 4.01%
Expected term |  | 6 months |  | 6 months - 12 months |  | 6 months- 12 months
Expected volatility |  | 60.70 | % |  | 43.2% - 48.9% |  | 51.9% - 58.4%
Dividend yield |  | 0 | % |  | 0 | % |  | 0 | %

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