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Equity (Tables)

12 Months Ended

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		%

X

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Tabular disclosure of share-based payment arrangement.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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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
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-Publisher FASB
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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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