0000950170-24-078463 | 10-K | XBRL Viewer | American Outdoor Brands INC

Intangible Assets and Goodwill (Tables)

12 Months Ended

Apr. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes intangible assets as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024							April 30, 2023
	Gross							Gross
	Carrying		Accumulated			Net Carrying		Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer relationships	$	89,980	$	(78,877	)	$	11,103	$	89,980	$	(74,035	)	$	15,945
Developed software and technology		27,762		(20,250	)		7,512		31,022		(21,978	)		9,044
Patents, trademarks, and trade names		69,497		(50,046	)		19,451		68,943		(44,042	)		24,901
		187,239		(149,173	)		38,066		189,945		(140,055	)		49,890
Patents and software in development		1,721		—			1,721		1,701		—			1,701
Total definite-lived intangible assets		188,960		(149,173	)		39,787		191,646		(140,055	)		51,591
Indefinite-lived intangible assets		430		—			430		430		—			430
Total intangible assets	$	189,390	$	(149,173	)	$	40,217	$	192,076	$	(140,055	)	$	52,021

Schedule of Future Expected Amortization Expense

The following table represents future expected amortization expense as of April 30, 2024 (in thousands):


Fiscal	Amount
2025	$	9,670
2026		8,321
2027		5,916
2028		4,497
2029		2,936
Thereafter		6,726
Total	$	38,066

Intangible Assets and Goodwill - Schedule of Future Expected Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Total	$ 39,787	$ 51,591
Definite-lived Intangible Assets Excluding Patents in Progress
Finite-Lived Intangible Assets [Line Items]
2025	9,670
2026	8,321
2027	5,916
2028	4,497
2029	2,936
Thereafter	6,726
Total	$ 38,066	$ 49,890

Summary of Significant Accounting Policies - Change in Accrued Warranties Recorded as Non-Current Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Accounting Policies [Abstract]
Beginning balance	$ 966	$ 786	$ 717
Warranties issued and adjustments to provisions	1,569	1,419	399
Warranties assumed in acquisition			150
Warranty claims	(1,292)	(1,239)	(480)
Ending balance	$ 1,243	$ 966	$ 786

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained (Deficit)/Earnings	Treasury Stock
Balance at Apr. 30, 2021	$ 279,905	$ 14	$ 265,362	$ 14,529
Balance, shares at Apr. 30, 2021		14,059,000
Net loss	(64,880)			(64,880)
Stock-based compensation	2,812		2,812
Shares issued under employee stock purchase plan	870		870
Shares issued under employee stock purchase plan, shares		77,000
Proceeds from exercise of stock options	5		5
Proceeds from exercise of stock options, shares		3,000
Issuance of common stock under restricted stock unit awards, net of tax	(656)		(656)
Issuance of common stock under restricted stock unit awards, net of tax, shares		101,000
Repurchase of treasury stock	(15,025)				$ (15,025)
Repurchase of treasury stock, shares					837,000
Balance at Apr. 30, 2022	203,031	$ 14	268,393	(50,351)	$ (15,025)
Balance, shares at Apr. 30, 2022		14,240,000			837,000
Net loss	(12,024)			(12,024)
Stock-based compensation	4,050		4,050
Shares issued under employee stock purchase plan	656		656
Shares issued under employee stock purchase plan, shares		90,000
Issuance of common stock under restricted stock unit awards, net of tax	(315)		(315)
Issuance of common stock under restricted stock unit awards, net of tax, shares		117,000
Repurchase of treasury stock	(3,534)				$ (3,534)
Repurchase of treasury stock, shares					377,000
Balance at Apr. 30, 2023	$ 191,864	$ 14	272,784	(62,375)	$ (18,559)
Balance, shares at Apr. 30, 2023	13,233,151	14,447,000			1,214,000
Net loss	$ (12,248)			(12,248)
Stock-based compensation	4,075		4,075
Shares issued under employee stock purchase plan	672	$ 1	671
Shares issued under employee stock purchase plan, shares		92,000
Issuance of common stock under restricted stock unit awards, net of tax	(423)		(423)
Issuance of common stock under restricted stock unit awards, net of tax, shares		162,000
Repurchase of treasury stock	(6,015)				$ (6,015)
Repurchase of treasury stock, shares					689
Balance at Apr. 30, 2024	$ 177,925	$ 15	$ 277,107	$ (74,623)	$ (24,574)
Balance, shares at Apr. 30, 2024	12,797,865	14,701			1,903

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2024

Accounting Policies [Abstract]

Summary of Estimated Useful Lives

A summary of the estimated useful lives is as follows:


Description		Useful Life
Machinery and equipment		2 to 10 years
Computer and other equipment		2 to 7 years
Leasehold improvements		10 to 20 years

Schedule of Trade Channel Net Sales

The following table sets forth certain information regarding trade channel net sales for the fiscal years ended April 30, 2024, 2023, and 2022 (dollars in thousands):


	2024		2023		$ Change			% Change			2022
e-commerce channels net sales	$	84,313	$	87,219	$	(2,906	)		-3.3	%	$	97,418
Traditional channels net sales		116,786		103,990		12,796			12.3	%		150,108
Total net sales	$	201,099	$	191,209	$	9,890			5.2	%	$	247,526

Schedule of Geographic Makeup of Net Sales and Breakdown of International Net Sales by Region

The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the fiscal years ended April 30, 2024, 2023, and 2022 (dollars in thousands):


	2024		2023		$ Change		% Change			2022
Domestic net sales	$	189,027	$	182,299	$	6,728		3.7	%	$	234,803
International net sales		12,072		8,910		3,162		35.5	%		12,723
Total net sales	$	201,099	$	191,209	$	9,890		5.2	%	$	247,526

The following table sets forth the breakdown of international net sales included in the above table by region. Our international sales accounted for approximately 6%, 5%, and 5% of total net sales for the fiscal years ended April 30, 2024, 2023, and 2022, respectively (dollars in thousands):


	2024		2023		$ Change		% Change			2022
Canada	$	5,111	$	4,091	$	1,020		24.9	%	$	5,207
Europe		4,337		2,936		1,401		47.7	%		4,846
All others international		2,624		1,883		741		39.4	%		2,670
Total international net sales	$	12,072	$	8,910	$	3,162		35.5	%	$	12,723

Schedule of Net Sales in Product Categories

The following table sets forth certain information regarding net sales in our shooting sports and outdoor lifestyle categories for the fiscal years ended April 30, 2024, 2023, and 2022 (dollars in thousands):


	2024		2023		$ Change		% Change			2022
Shooting sports net sales	$	91,716	$	88,885	$	2,831		3.2	%	$	128,180
Outdoor lifestyle net sales		109,383		102,324		7,059		6.9	%		119,346
Total net sales	$	201,099	$	191,209	$	9,890		5.2	%	$	247,526

Change in Accrued Warranties Recorded as Non-Current Liability

The following table sets forth the change in accrued warranties, a portion of which is recorded as a non-current liability, in the fiscal years ended April 30, 2024, 2023, and 2022 (in thousands):


	April 30, 2024			April 30, 2023			April 30, 2022
Beginning balance		966			786			717
Warranties issued and adjustments to provisions		1,569			1,419			399
Warranties assumed in acquisition		—			—			150
Warranty claims		(1,292	)		(1,239	)		(480	)
Ending balance		1,243			966			786

Computation of Basic and Diluted Earnings per Share Attributed to Common Stockholders

The following table sets forth the computation of our basic and diluted earnings per share attributed to common stockholders for the fiscal years ended April 30, 2024, 2023, and 2022 (in thousands, except per share amounts):


	For the Years Ended April 30,
	2024								2023								2022
	Net					Per Share			Net					Per Share			Net						Per Share
	Loss			Shares		Amount			Loss			Shares		Amount			Income				Shares		Amount
Basic loss	$	(12,248	)		12,967	$	(0.94	)	$	(12,024	)		13,372	$	(0.90	)	$		(64,880	)		13,930	$		(4.66	)
Effect of dilutive stock awards		—			—		—			—			—		—			—			—			—
Diluted loss	$	(12,248	)		12,967	$	(0.94	)	$	(12,024	)		13,372	$	(0.90	)	$		(64,880	)		13,930	$		(4.66	)

Segment Reporting

12 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

Segment Reporting

16. Segment Reporting

We have evaluated our operations under ASC 280-10-50-1 – Segment Reporting and have concluded that we are operating as one segment based on several key factors, including the reporting and review process used by the chief operating decision maker, our Chief Executive Officer, who reviews only consolidated financial information and makes decisions to allocate resources based on those financial statements. We analyze revenue streams in various ways, including customer group, brands, product categories, and customer channels. However, this information does not include a full set of discrete financial information. In addition, although we currently sell our products under 21 distinct brands that are organized into four brand lanes and include specific product sales that have identified revenue streams, these brand lanes are focused almost entirely on product development and marketing activities and do not qualify as separate reporting units under ASC 280-10-50-1. Other sales and customer focused activities, operating activities, and administrative activities are not divided by brand lane and, therefore, expenses related to each brand lane are not accumulated or reviewed individually. Our business is evaluated based upon a number of financial and operating measures, including sales, gross profit and gross margin, operating expenses, and operating margin.

Our business includes our outdoor products and accessories products as well as our electro-optics products, which we develop, source, market, assemble, and distribute from our facility in Columbia, Missouri. We report operating costs based on the activities performed.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Equity - Summary of Assumptions Used In Valuing ESPP Purchase Under ESPP (Details) - 2020 Employee Stock Purchase Plan	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free interest rate, minimum	5.46%	3.97%	0.05%
Risk-free interest rate, maximum	5.53%	4.01%	0.09%
Expected volatility, minimum	43.20%	51.90%	54.70%
Expected volatility, maximum	48.90%	58.40%	56.70%
Dividend yield	0.00%	0.00%	0.00%
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	6 months	6 months	6 months
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	12 months	12 months	12 months

Intangible Assets and Goodwill - Additional Information (Details) - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022	Feb. 01, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization expense of intangible assets	$ 13,100,000	$ 13,700,000	$ 14,500,000
Weighted-average period for amortization of intangible assets	5 years
Impairment charges for long-lived intangible assets	$ 0	0	$ 0
Goodwill	$ 0	$ 0		$ 64,300,000
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets	5 years
Developed Software and Technology
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets	6 years
Patents, Trademarks, and Trade Names
Finite-Lived Intangible Assets [Line Items]
Weighted-average period for amortization of intangible assets	6 years

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Self-Insurance Reserves - Summary of Activity Related to Self-Insurance Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Beginning balance	$ 396	$ 29
Changes in provisions charged to expense	2,525	2,094
Payments	(2,562)	(1,727)
Ending balance	$ 359	$ 396

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Payables and Accruals [Abstract]
Accrued freight	$ 2,829	$ 1,962
Accrued sales allowances	1,891	2,453
Accrued warranty	1,243	966
Accrued commissions	1,191	1,072
Accrued professional fees	1,049	1,106
Accrued employee benefits	499	568
Accrued taxes other than income	321	346
Accrued other	664	268
Total accrued expenses	$ 9,687	$ 8,741

Leases (Tables)

12 Months Ended

Apr. 30, 2024

Leases [Abstract]

Schedule of Assets and Liabilities Related to Operating Leases

The amounts of assets and liabilities related to our operating leases as of April 30, 2024 and 2023 are as follows (in thousands):


	April 30, 2024			April 30, 2023
Operating Leases
Right-of-use assets	$	37,540		$	26,999
Accumulated amortization		(3,976	)		(2,801	)
Right-of-use assets, net	$	33,564		$	24,198

Lease liabilities, current portion	$	1,331		$	904
Lease liabilities, net of current portion		33,289			24,064
Total operating lease liabilities	$	34,620		$	24,968

Schedule of Future Lease Payments for Operating Leases

Future lease payments for all our operating leases as of April 30, 2024, and for succeeding fiscal years, are as follows (in thousands):


	Operating
2025	$	3,372
2026		3,270
2027		3,299
2028		3,348
Thereafter		39,322
Total future lease payments		52,611
Less amounts representing interest		(17,991	)
Present value of lease payments		34,620
Less current maturities of lease liabilities		(1,331	)
Long-term maturities of lease liabilities	$	33,289

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended	12 Months Ended
	Apr. 30, 2022 USD ($)	Apr. 30, 2024 USD ($) Segment Supplier Customer shares	Apr. 30, 2023 USD ($) Supplier Customer shares	Apr. 30, 2022 USD ($) Customer shares	Feb. 01, 2022 USD ($)
Product Information [Line Items]
Maximum maturity period of all highly liquid investments to be considered cash equivalents		3 months
Goodwill		$ 0	$ 0		$ 64,300,000
Goodwill impairment	$ 67,800,000			$ 67,849,000
Weighting percentage on income approach				75.00%
Weighting percentage on market approach				25.00%
Number of operating unit \| Segment		1
Number of common shares added to calculate dilutive EPS because effect would be anti-dilutive \| shares		0	0	0
Net sales		$ 201,099,000	$ 191,209,000	$ 247,526,000
Accounts receivable		25,728,000	26,846,000
International Net Sales
Product Information [Line Items]
Net sales		$ 12,072,000	$ 8,910,000	12,723,000
Interim Valuation
Product Information [Line Items]
Goodwill	$ 67,800,000			$ 67,800,000
Sales Revenue Net \| Customer Concentration Risk
Product Information [Line Items]
Number of customer \| Customer		1	1	1
Sales Revenue Net \| Customer Concentration Risk \| International Net Sales
Product Information [Line Items]
Concentration risk, percentage		6.00%	5.00%	5.00%
Sales Revenue Net \| Customer Concentration Risk \| Customer One
Product Information [Line Items]
Net sales		$ 44,300,000	$ 48,400,000	$ 68,700,000
Concentration risk, percentage		22.10%	25.40%	27.80%
Accounts Receivable \| Credit Concentration Risk \| Customer One
Product Information [Line Items]
Concentration risk, percentage		27.30%	39.20%
Accounts receivable		$ 7,000,000	$ 10,400,000
Cost of Sales \| Supplier Concentration Risk
Product Information [Line Items]
Number of suppliers \| Supplier		2	1
Selling, Marketing, and Distribution Expenses
Product Information [Line Items]
Advertising expense		$ 11,100,000	$ 11,900,000	$ 13,300,000
Maximum
Product Information [Line Items]
Product shipment days		90 days
Vesting period		4 years
Maximum \| Real Estate Leases
Product Information [Line Items]
Leases initial terms		18 years
Maximum \| Equipment Leases
Product Information [Line Items]
Leases initial terms		10 years
Minimum
Product Information [Line Items]
Product shipment days		20 days
Vesting period		3 years
Large amount of tax benefit realized percentage upon ultimate settlement with related tax authority		50.00%
Minimum \| Real Estate Leases
Product Information [Line Items]
Leases initial terms		1 year
Minimum \| Equipment Leases
Product Information [Line Items]
Leases initial terms		1 year
Other Capitalized Property Plant and Equipment \| Maximum
Product Information [Line Items]
Estimated useful life		10 years

Summary of Significant Accounting Policies - Summary of Estimated Useful Lives (Details)	Apr. 30, 2024
Machinery and Equipment \| Minimum
Property Plant And Equipment [Line Items]
Estimated useful life	2 years
Machinery and Equipment \| Maximum
Property Plant And Equipment [Line Items]
Estimated useful life	10 years
Computer and Other Equipment \| Minimum
Property Plant And Equipment [Line Items]
Estimated useful life	2 years
Computer and Other Equipment \| Maximum
Property Plant And Equipment [Line Items]
Estimated useful life	7 years
Leasehold Improvements \| Minimum
Property Plant And Equipment [Line Items]
Estimated useful life	10 years
Leasehold Improvements \| Maximum
Property Plant And Equipment [Line Items]
Estimated useful life	20 years

Acquisitions - Schedule of Unaudited Pro Forma Results of Operations Assumed (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 30, 2022 USD ($) $ / shares
Business Combinations [Abstract]
Net sales	$ 259,647
Loss from operations	$ (56,586)
Net loss per share - diluted \| $ / shares	$ (4.66)

Debt - Additional Information (Details) - USD ($)			12 Months Ended
Debt - Additional Information (Details) - USD ($)	Mar. 25, 2022	Aug. 24, 2020	Apr. 30, 2024	Apr. 30, 2023
Revolving Line of Credit
Debt Instrument [Line Items]
Revolving line of credit, borrowing capacity	$ 75,000,000	$ 50,000,000
Revolving line of credit maturing term		5 years
Additional increase in credit commitment	$ 15,000,000	$ 15,000,000
Interest rate, description			The amendment also includes an option to increase the credit commitment by an additional $15 million. The amended revolving line bears interest at a fluctuating rate equal to the Base Rate or Secured Overnight Financing Rate, or SOFR, as applicable, plus the applicable margin.
Revolving line of credit maturity date	Mar. 31, 2027
Revolving line of credit			$ 0	$ 5,000,000
Revolving Line of Credit \| Minimum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	0.25%
Revolving Line of Credit \| Maximum
Debt Instrument [Line Items]
Debt instrument, spread on variable rate	1.75%
Revolving Line of Credit \| SOFR
Debt Instrument [Line Items]
Borrowings interest rate			5.34%	6.05%
Standby Letter of Credit
Debt Instrument [Line Items]
Revolving line of credit, borrowing capacity			$ 3,300,000	$ 1,700,000
Revolving line of credit			$ 0	$ 0

Intangible Assets and Goodwill

12 Months Ended

Apr. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

7. Intangible Assets and Goodwill

The following table summarizes intangible assets as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024							April 30, 2023
	Gross							Gross
	Carrying		Accumulated			Net Carrying		Carrying		Accumulated			Net Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer relationships	$	89,980	$	(78,877	)	$	11,103	$	89,980	$	(74,035	)	$	15,945
Developed software and technology		27,762		(20,250	)		7,512		31,022		(21,978	)		9,044
Patents, trademarks, and trade names		69,497		(50,046	)		19,451		68,943		(44,042	)		24,901
		187,239		(149,173	)		38,066		189,945		(140,055	)		49,890
Patents and software in development		1,721		—			1,721		1,701		—			1,701
Total definite-lived intangible assets		188,960		(149,173	)		39,787		191,646		(140,055	)		51,591
Indefinite-lived intangible assets		430		—			430		430		—			430
Total intangible assets	$	189,390	$	(149,173	)	$	40,217	$	192,076	$	(140,055	)	$	52,021

We amortize definite-lived intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed software and technology, and six years for patents, trademarks, and trade names. Amortization expense amounted to $13.1 million, $13.7 million, and $14.5 million for the fiscal years ended April 30, 2024, 2023, and 2022, respectively.

The following table represents future expected amortization expense as of April 30, 2024 (in thousands):


Fiscal	Amount
2025	$	9,670
2026		8,321
2027		5,916
2028		4,497
2029		2,936
Thereafter		6,726
Total	$	38,066

We did not record any impairment charges for long-lived intangible assets in the fiscal years ended April 30, 2024, 2023, and 2022, respectively.

As of April 30, 2024 and 2023, we had no goodwill recorded on our consolidated balance sheet. Refer to Note 2 – Summary of Significant Accounting Policies for more details relating to our impairments for all periods presented.

Property, Plant, and Equipment - Summary of Property, Plant, and Equipment (Detail) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
Machinery and equipment	$ 20,852	$ 17,678
Computer and other equipment	1,988	1,865
Leasehold improvements	762	316
Property plant and equipment gross	23,602	19,859
Less: Accumulated depreciation and amortization	(13,599)	(11,229)
Property plant and equipment before construction in progress	10,003	8,630
Construction in progress	1,035	858
Total property, plant, and equipment, net	$ 11,038	$ 9,488

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (12,248)	$ (12,024)	$ (64,880)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Leases - Schedule of Future Lease Payments for Operating Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Operating
2025	$ 3,372
2026	3,270
2027	3,299
2028	3,348
Thereafter	39,322
Total future lease payments	52,611
Less amounts representing interest	(17,991)
Total operating lease liabilities	34,620	$ 24,968
Less current maturities of lease liabilities	(1,331)	(904)
Long-term maturities of lease liabilities	$ 33,289	$ 24,064

Income Taxes - Summary of Deferred Tax Assets (Liabilities) Related to Temporary Differences (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Non-current tax assets (liabilities):
Less valuation allowance	$ (19,300)	$ (17,000)
Non Current
Non-current tax assets (liabilities):
Inventories	1,100	1,574
Accrued expenses, including compensation	1,589	1,446
Product liability		28
Workers' compensation	10	8
Warranty reserve	286	222
Stock-based compensation	1,066	1,172
State bonus depreciation	110	150
Property, plant, and equipment	(2,619)	(2,577)
Intangible assets	11,777	11,877
Right-of Use assets	(7,740)	(5,640)
Right-of Use lease liabilities	7,985	5,820
Capitalized R&D	2,136	1,340
Other	(83)	(15)
Loss and credit carryforwards	3,681	1,636
Less valuation allowance	$ (19,298)	$ (17,041)

Inventory (Tables)

12 Months Ended

Apr. 30, 2024

Inventory Disclosure [Abstract]

Summary of Inventories

The following table sets forth a summary of inventories stated at lower of cost or net realizable value, as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024		April 30, 2023
Finished goods	$	83,879	$	90,906
Finished parts		2,402		2,818
Work in process		75		66
Raw material		6,959		5,944
Total inventories	$	93,315	$	99,734

Leases - Schedule of Assets and Liabilities Related to Operating Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Operating Leases
Right-of-use assets	$ 37,540	$ 26,999
Accumulated amortization	(3,976)	(2,801)
Right-of-use assets, net	33,564	24,198
Lease liabilities, current portion	1,331	904
Lease liabilities, net of current portion	33,289	24,064
Total operating lease liabilities	$ 34,620	$ 24,968

Commitments and Contingencies (Tables)

12 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Leases Expiration Date for Office and/or Manufacturing Space

The following summarizes our operating leases for office and/or manufacturing space:


Location of Lease		Expiration Date
Yangjiang, China		July 15, 2024
Shenzhen, China		August 31, 2025
Chicopee, Massachusetts		May 31, 2025
Phoenix, Arizona		April 30, 2025
Columbia, Missouri		November 26, 2038

Income Taxes - Summary of Reconciliation of Provision from Income Taxes from Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Federal income taxes expected at the statutory rate	$ (2,587)	$ (2,577)	$ (11,663)
State income taxes, less federal income tax benefit	(132)	(303)	(633)
Stock compensation	436	96	(276)
Research and development tax credit	(203)	(200)	(291)
Goodwill impairment			7,633
Change in deferred tax valuation allowance	2,257	2,600	14,200
Other	159	135	374
Total income tax (benefit)/expense	$ (70)	$ (249)	$ 9,344

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Property, Plant, and Equipment (Tables)

12 Months Ended

Apr. 30, 2024

Property, Plant and Equipment [Abstract]

Summary of Property, Plant, and Equipment

The following table summarizes property, plant, and equipment as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024			April 30, 2023
Machinery and equipment	$	20,852		$	17,678
Computer and other equipment		1,988			1,865
Leasehold improvements		762			316
		23,602			19,859
Less: Accumulated depreciation and amortization		(13,599	)		(11,229	)
		10,003			8,630
Construction in progress		1,035			858
Total property, plant, and equipment, net	$	11,038		$	9,488

Summary of Depreciation and Amortization Expense

The following table summarizes depreciation and amortization expense, which includes amortization of intangibles, by line item for the fiscal years ended April 30, 2024, 2023, and 2022 (in thousands):


	For the Years Ended April 30,
	2024		2023		2022
Cost of sales	$	1,313	$	1,429	$	1,299
Research and development		615		415		203
Selling, marketing, and distribution		836		362		510
General and administrative (a)		13,337		14,305		14,955
Total depreciation and amortization	$	16,101	$	16,511	$	16,967

(a)

General and administrative expenses included $12.8 million, $13.6 million, and $14.4 million of amortization for the fiscal years ended April 30, 2024, 2023, and 2022, respectively, which were recorded as a result of our acquisitions.

Summary of Significant Accounting Policies - Schedule of Net Sales in Product Categories (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Disaggregation of Revenue [Line Items]
Total net sales	$ 201,099	$ 191,209	$ 247,526
Change in Total net sales	$ 9,890
% Change in Total net sales	5.20%
Shooting Sports Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 91,716	88,885	128,180
Change in Total net sales	$ 2,831
% Change in Total net sales	3.20%
Outdoor Lifestyle Net Sales
Disaggregation of Revenue [Line Items]
Total net sales	$ 109,383	$ 102,324	$ 119,346
Change in Total net sales	$ 7,059
% Change in Total net sales	6.90%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Employer Sponsored Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Contributory Defined Investment Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, matching contribution percentage	6.00%
Employer contribution to defined benefit plan	$ 438,000	$ 500,000	$ 592,000
Contributory Defined Investment Plan \| Minimum
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employee contribution percentage	1.00%
Contributory Defined Investment Plan \| Maximum
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employee contribution percentage	30.00%
Defined contribution plan, matching contribution percentage of match	50.00%
Non-Contributory Profit Sharing Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan service period, description	Employees become eligible on May 1 following the completion of a full fiscal year of continuous service.
Defined contribution plan expected contribution	$ 0	$ 0	$ 984,000

Equity

12 Months Ended

Apr. 30, 2024

Equity [Abstract]

Equity

12. Equity

Treasury Stock

On September 30, 2022, our Board of Directors authorized the repurchase of up to $10.0 million of our common stock, subject to certain conditions, in the open market, in block purchases, or in privately negotiated transactions, executable through September 29, 2023. This authorization expired on September 29, 2023. During the fiscal year ended April 30, 2023, under this authorization, we repurchased 377,034 shares of our common stock, in the open market, for $3.5 million, utilizing cash on hand. During the fiscal year ended April 30, 2024, under this authorization, we repurchased 375,556 shares of our common stock, in the open market, for $3.3 million, utilizing cash on hand.

On October 2, 2023, our Board of Directors authorized the repurchase of up to $10.0 million of our common stock, subject to certain conditions, in the open market, in block purchases, or in privately negotiated transactions, executable through September 30, 2024. During the fiscal year ended April 30, 2024, under this authorization, we repurchased 313,861 shares of our common stock, in the open market, for $2.7 million utilizing cash on hand. As of April 30, 2024, we have $7.3 million remaining authorized to repurchase our common stock.

During the fiscal year ended April 30, 2024, under both this authorization and the expired authorization above, we repurchased 689,417 shares of our common stock, in the open market, for $6.0 million utilizing cash on hand. We have recorded the shares we purchased, at cost, as a reduction of stockholders’ equity on the consolidated balance sheet.

Incentive Stock and Employee Stock Purchase Plans

We have a stock incentive plan, or 2020 Incentive Compensation Plan, under which we can grant new awards to our employees and directors. Our 2020 Incentive Compensation Plan authorizes the issuance of awards covering up to 1,397,510 shares of newly issued common stock. The plan permits the grant of options to acquire common stock, restricted stock awards, restricted stock units, or RSUs, stock appreciation rights, bonus stock and awards in lieu of obligations, performance awards, and dividend equivalents. Our Board of Directors, or a committee established by our Board of Directors, administers the plan, selects recipients to whom awards are granted, and determines the grants to be awarded. Stock options granted under the plan are exercisable at a price determined by our Board of Directors or a committee thereof at the time of grant, but in no event, less than fair market value of our common stock on the date granted. Grants of options may be made to employees and directors without regard to any performance measures. All options issued pursuant to the plan are generally nontransferable and subject to forfeiture.

Unless terminated earlier by our Board of Directors, our 2020 Incentive Compensation Plan will terminate at the earliest of (1) the tenth anniversary of the effective date of our 2020 Incentive Compensation Plan, or (2) such time as no shares of common stock remain available for issuance under the plan and we have no further rights or obligations with respect to outstanding awards under the plan. The date of grant of an award is deemed to be the date upon which our Board of Directors or a committee thereof authorizes the granting of such award.

Except in specific circumstances, grants generally vest over a period of three or four years and grants of stock options are exercisable for a period of 10 years. Our 2020 Incentive Compensation Plan also permits the grant of awards to non-employees.

We recognized $4.1 million, $4.1 million, and $2.8 million, respectively, of stock-based compensation expense for the fiscal years ended April 30, 2024, 2023, and 2022.

We grant RSUs to employees and directors. The awards are made at no cost to the recipient. An RSU represents the right to receive one share of our common stock and does not carry voting or dividend rights. Except in specific circumstances, RSU grants to employees generally vest over a period of four years with one-fourth of the units vesting on each anniversary of the grant date. We amortize the aggregate fair value of our RSU grants to compensation expense over the vesting period. Awards that do not vest are forfeited.

We grant performance stock units, or PSUs, to our executive officers and certain other employees from time to time. 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 years ended April 30,
	2024			2023			2022
Grant date fair market value
American Outdoor Brands, Inc.	$	8.79		$	12.70		$	26.44
Russell 2000 Index	$	1,769.21		$	1,882.91		$	2,277.45
Volatility (a)
American Outdoor Brands, Inc.		45.53	%		49.04	%		47.78	%
Russell 2000 Index		27.08	%		31.75	%		30.69	%
Correlation coefficient (b)		0.48			0.50			0.46
Risk-free interest rate (c)		3.81	%		2.91	%		0.33	%
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.

The PSUs vest, and the fair value of such PSUs will be recognized, over the corresponding three-year performance period. Our PSUs have a maximum aggregate award equal to 200% of the target unit amount granted. Generally, the number of PSUs that may be earned depends upon the total stockholder return, or TSR, of our common stock compared with the TSR of the Russell 2000 Index, or the RUT, over the three-year performance period. For PSUs, our stock must outperform the RUT by 5% in order for the target award to vest. In addition, there is a cap on the number of shares that can be earned under our PSUs, which is equal to six times the grant-date value of each award.

During the fiscal year ended April 30, 2024, we granted an aggregate 319,847 service based RSUs, including 103,475 RSUs to executive officers and 216,372 to non-executive officer employees and directors under our 2020 Incentive Compensation Plan. We granted an aggregate of 76,251 PSUs to our executive officers during fiscal 2024, which have a maximum aggregate award value of 152,502 shares. During the fiscal year ended April 30, 2024, 94,354 PSUs were cancelled, at target, as a result of the performance condition not being met, and 25,594 RSUs were cancelled as a result of the service condition not being met. In connection with the vesting of RSUs, during the fiscal year ended April 30, 2024, we delivered common stock to our employees, including our executive officers and directors with a total market value of $1.6 million.

During the fiscal year ended April 30, 2023, we granted an aggregate of 311,676 service based RSUs, including 52,277 RSUs to executive officers and 259,399 RSUs to non-executive officer employees and directors under our 2020 Incentive Compensation Plan. We granted an aggregate of 52,277 PSUs to our executive officers during fiscal 2023, which have a maximum aggregate award value of 104,554 shares. In addition, in connection with a 2019 grant, we vested 7,200 PSUs (i.e., the target amount granted), which achieved 200% of the maximum aggregate award possible, resulting in awards totaling 14,400 shares to certain of our executive officers and employees of our former parent. During the fiscal year ended April 30, 2023, we cancelled 14,390 RSUs as a result of the service condition not being met. In connection with the vesting RSUs, during the fiscal year ended April 30, 2023, we delivered common stock to our employees, including executive officers and directors, with a total market value of $1.5 million.

During the fiscal year ended April 30, 2022, we granted an aggregate of 77,251 service based RSUs, including 28,948 RSUs to executive officers and 48,303 RSUs to non-executive officer employees and directors under our 2020 Incentive Compensation Plan. We granted an aggregate of 26,809 PSUs to our executive officers during fiscal 2022, which have a maximum aggregate award value of 53,618 shares. In addition, in connection with a 2018 grant, we vested 10,800 PSUs (i.e., the target amount granted), which achieved 200% of the maximum aggregate award possible, resulting in awards totaling 21,600 shares to certain of our executive officers and employees of our former parent that were granted as part of the Separation. During the fiscal year ended April 30, 2022, we cancelled 40,929 RSUs, and 24,565 PSUs, as a result of the service condition not being met. In connection with the vesting RSUs, during the fiscal year ended April 30, 2022, we delivered common stock to our employees, including executive officers and directors, with a total market value of $3.3 million.

A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the fiscal years ended April 30, 2024, 2023, and 2022 is as follows:


	For the years ended April 30,
	2024					2023					2022
				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		560,579		$	13.36		349,774		$	15.93		427,519		$	11.67
Awarded		396,098			8.69		371,153			10.68		114,860			26.92
Vested		(212,636	)		11.31		(145,958	)		12.62		(127,111	)		11.57
Forfeited		(119,948	)		12.46		(14,390	)		14.20		(65,494	)		15.86
RSUs and PSUs outstanding, end of period		624,093		$	11.27		560,579		$	13.36		349,774		$	15.93

As of April 30, 2024, there was $1.9 million of unrecognized compensation expense related to unvested RSUs and PSUs. We expect to recognize this expense over a weighted average remaining contractual term of 1.1 years.

We have an employee stock purchase plan, or ESPP, which authorizes the sale of up to 419,253 shares of our common stock to employees. All options and rights to participate in our ESPP are nontransferable and subject to forfeiture in accordance with our ESPP guidelines. Our current ESPP will be implemented in a series of successive offering periods, each with a maximum duration of 12 months. If the fair market value per share of our common stock on any purchase date is less than the fair market value per share on the start date of a 12-month offering period, then that offering period will automatically terminate,

and a new 12-month offering period will begin on the next business day. Each offering period will begin on April 1 or October 1, as applicable, immediately following the end of the previous offering period. Payroll deductions will be on an after-tax basis, in an amount of not less than 1% and not more than 20% (or such greater percentage as the committee appointed to administer our ESPP may establish from time to time before the first day of an offering period) of a participant’s compensation on each payroll date. The option exercise price per share will equal 85% of the lower of the fair market value on the first day of the offering period or the fair market value on the exercise date. The maximum number of shares that a participant may purchase during any purchase period is the greater of 2,500 shares, or a total of $25,000 in shares, based on the fair market value on the first day of the offering period. Our ESPP will remain in effect until the earliest of (a) the exercise date that participants become entitled to purchase a number of shares greater than the number of reserved shares available for purchase under our ESPP, (b) such date as is determined by our Board of Directors in its discretion, or (c) the tenth anniversary of the effective date. In the event of certain corporate transactions, each option outstanding under our ESPP will be assumed or an equivalent option will be substituted by the successor corporation or a parent or subsidiary of such successor corporation. During fiscal years ended April 30, 2024 and 2023, 91,940 shares and 89,860 shares, respectively, were purchased by our employees under our ESPP.

We measure the cost of employee services received in exchange for an award of an equity instrument based on the grant-date fair value of the award. We amortize the fair value of the award over the vesting period of the option. Under the ESPP, fair value is determined at the beginning of the purchase period and amortized over the term of each exercise period.

The following assumptions were used in valuing ESPP purchases under our ESPP during the years ended April 30, 2024, 2023, and 2022:


	For the years ended April 30,
	2024			2023			2022
Risk-free interest rate	5.46% - 5.53%			3.97% - 4.01%			0.05% - 0.09%
Expected term	6 months - 12 months			6 months - 12 months			6 months - 12 months
Expected volatility	43.2% - 48.9%			51.9% - 58.4%			54.7% - 56.7%
Dividend yield		0	%		0	%		0	%

We estimate expected volatility using historical volatility for the expected term. The weighted average expected volatility was approximately 46%. The fair value of each stock option or ESPP purchase was estimated on the date of the grant using the Black-Scholes option pricing model (using the risk-free interest rate, expected term, expected volatility, and dividend yield variables, as noted in the above table).

Property, Plant, and Equipment - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 3.0	$ 2.7	$ 2.3

Income Taxes (Tables)

12 Months Ended

Apr. 30, 2024

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense/(Benefit) from Continuing Operations

Income tax expense/(benefit) from operations consists of the following (in thousands):


	For the Years Ended April 30,
	2024				2023				2022
Current:
Federal	$		5		$		(126	)	$	2,356
State			(79	)			(123	)		302
Foreign			4			—				3
Total current			(70	)			(249	)		2,661
Deferred:
Deferred federal		—				—				5,958
Deferred state		—				—				725
Total deferred		—				—				6,683
Total income tax (benefit)/expense	$		(70	)	$		(249	)	$	9,344

Summary of Reconciliation of Provision for Income Taxes from Continuing Operations

The following table presents a reconciliation of the provision for income taxes from operations at statutory rates to the provision (benefit) in the consolidated financial statements (in thousands):


	For the Years Ended April 30,
	2024				2023				2022
Federal income taxes expected at the statutory rate (a)	$		(2,587	)	$		(2,577	)	$	(11,663	)
State income taxes, less federal income tax benefit			(132	)			(303	)		(633	)
Stock compensation			436				96			(276	)
Research and development tax credit			(203	)			(200	)		(291	)
Goodwill impairment		—				—				7,633
Change in deferred tax valuation allowance			2,257				2,600			14,200
Other			159				135			374
Total income tax (benefit)/expense	$		(70	)	$		(249	)	$	9,344

(a)

We had a federal statutory rate of 21% in fiscal 2024, 2023, and 2022.

Summary of Deferred Tax Assets (Liabilities) Related to Temporary Differences

Deferred tax assets (liabilities) related to temporary differences are the following (in thousands):


	April 30, 2024				April 30, 2023
Non-current tax assets (liabilities):
Inventories	$		1,100		$		1,574
Accrued expenses, including compensation			1,589				1,446
Product liability			—				28
Workers' compensation			10				8
Warranty reserve			286				222
Stock-based compensation			1,066				1,172
State bonus depreciation			110				150
Property, plant, and equipment			(2,619	)			(2,577	)
Intangible assets			11,777				11,877
Right-of Use assets			(7,740	)			(5,640	)
Right-of Use lease liabilities			7,985				5,820
Capitalized R&D			2,136				1,340
Other			(83	)			(15	)
Loss and credit carryforwards			3,681				1,636
Less valuation allowance			(19,298	)			(17,041	)
Net deferred tax asset/(liability) — total	$	—			$	—

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Income Statement [Abstract]
Net sales	$ 201,099	$ 191,209	$ 247,526
Cost of sales	112,673	103,145	133,287
Gross profit	88,426	88,064	114,239
Operating expenses:
Research and development	6,851	6,361	5,501
Selling, marketing, and distribution	55,050	51,791	56,168
General and administrative	39,022	42,612	41,244
Goodwill impairment			67,849
Total operating expenses	100,923	100,764	170,762
Operating loss	(12,497)	(12,700)	(56,523)
Other (expense)/income, net:
Other income, net	140	1,188	1,311
Interest income/(expense), net	39	(761)	(324)
Total other (expense)/income, net	179	427	987
Loss from operations before income taxes	(12,318)	(12,273)	(55,536)
Income tax (benefit)/expense	(70)	(249)	9,344
Net loss	$ (12,248)	$ (12,024)	$ (64,880)
Net loss per share:
Basic	$ (0.94)	$ (0.9)	$ (4.66)
Diluted	$ (0.94)	$ (0.9)	$ (4.66)
Weighted average number of common shares outstanding:
Basic	12,967	13,372	13,930
Diluted	12,967	13,372	13,930

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2018	Apr. 30, 2024
Loss Contingencies [Line Items]
Purchase commitments		$ 32.7
Maximum percentage of additional section tariffs imposed on certain goods	25.00%

Summary of Significant Accounting Policies

12 Months Ended

Apr. 30, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of our company and our wholly owned subsidiaries, including AOB Products Company, or AOBPC, BTI Tools LLC, Crimson Trace Corporation, Ultimate Survival Technologies, LLC, or ust, and AOB Consulting (Shenzhen), Co., LTD. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the statements of financial position and equity as of April 30, 2024 and 2023, and the statements of operations and cash flows at April 30, 2024, 2023, and 2022, have been included. All intercompany accounts and transactions have been eliminated in consolidation.

Use of Estimates

In preparing our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, or GAAP, we make estimates and assumptions that affect amounts reported in our consolidated financial statements and accompanying notes. Our significant estimates include various sales adjustments for discounts, returns, allowances, and other customer incentives; provisions for excess and obsolete inventory; accruals for freight, duty, and tariff costs on international inventory purchases; valuation of goodwill and long-lived intangible assets; and realization of deferred tax assets. Actual results may differ from those estimates.

Fair Value of Financial Instruments

Unless otherwise indicated, the fair values of all reported assets and liabilities, which represent financial instruments not held for trading purposes, approximate the carrying values of such amounts because of their short-term nature or market rates of interest.

Cash and Cash Equivalents

We consider all highly liquid investments purchased with original maturities of three months or less at the date of acquisition to be cash equivalents. We maintain our cash in bank deposit accounts that, at times, may exceed federally insured limits. We have not experienced any losses in such accounts. As of April 30, 2024, all of our accounts exceeded federally insured limits.

Accounts Receivable and Allowance for Estimated Credit Losses

We record trade accounts receivable at net realizable value that include estimated allowances for trade terms, sales incentive programs, discounts, markdowns, chargebacks, and returns as discussed under Revenue Recognition below. We extend credit to our domestic customers and some foreign distributors based on their creditworthiness. We sometimes offer discounts for early payment on invoices. When we believe the extension of credit is not advisable, we rely on either a prepayment or a letter of credit. We write off balances deemed uncollectible by us against our allowance for credit loss accounts.

We maintain an allowance for credit losses related to trade accounts receivable for future expected credit losses resulting from the inability or unwillingness of our customers to make required payments. We estimate our allowance for credit losses based on relevant information such as historical experience, current conditions, and future expectation and in relation to a representative pool of assets consisting of a large number of customers with similar risk characteristics and similar financial assets. We adjust the allowance as appropriate to reflect differences in current conditions as well as changes in forecasted macroeconomic conditions.

In November 2020, we entered into a factoring arrangement with a financial institution specifically designed to factor trade receivables with a certain customer that has extended payment terms, which are traditional to the customer’s industry. Under this factoring arrangement, from time to time, we sell this customer’s trade receivables at a discount on a non-recourse basis. We account for these transactions as sales and cash proceeds are included in cash provided by operating activities in the statement of cash flows. During the fiscal year ended April 30, 2024, 2023, and 2022, we recorded an immaterial amount of factoring fees related to factoring transactions, which are included in other (expense)/income, net on our consolidated statements of operations.

Inventories

We state inventories at the lower of cost or net realizable value. We determine cost on the first-in, first-out method and net of discounts or rebates received from vendors. Provisions for potential non-saleable inventory due to excess stock or obsolescence are based upon a detailed review of inventory, past history, and expected future usage. We evaluate quantities that make up our current inventory against past and future demand and market conditions to determine excess or slow-moving inventory that may be sold below cost. For each product category, we estimate the market value of the inventory comprising that category based on current and projected selling prices. If the projected market value is less than cost, we will record a provision adjustment to reflect the lower value of the inventory. This methodology recognizes projected inventory losses at the time such losses are evident rather than at the time goods are actually sold. The projected market value of the inventory may decrease because of consumer preferences or loss of key contracts, among other events.

Property, Plant, and Equipment

We record property, plant, and equipment, consisting of leasehold improvements, machinery, equipment, hardware, furniture, and fixtures at cost and depreciate them using the straight-line method over their estimated useful lives. We recognize depreciation expense for leasehold improvements over the shorter of their estimated useful lives or the lease terms, and include them in depreciation and amortization expense. We charge expenditures for maintenance and repairs to earnings as incurred, and we capitalize additions, renewals, and betterments. Upon the retirement, or other disposition of property and equipment,

we remove the related cost and accumulated depreciation from the respective accounts and include any gain or loss in operations. A summary of the estimated useful lives is as follows:


Description		Useful Life
Machinery and equipment		2 to 10 years
Computer and other equipment		2 to 7 years
Leasehold improvements		10 to 20 years

We include tooling, dies, furniture, and fixtures as part of machinery and equipment and depreciate them over a period generally not exceeding 10 years.

Intangible Assets

We record intangible assets at cost or based on the fair value of the assets acquired. Intangible assets consist of developed software and technology, customer relationships, trademarks, trade names, and patents. We amortize intangible assets over their estimated useful lives or in proportion to expected yearly revenue generated from the intangibles that were acquired.

Valuation of Goodwill and Long-lived Assets

As of April 30, 2024 and 2023, we had no goodwill recorded on our consolidated balance sheet. In the instance we have recorded goodwill, we test goodwill for impairment, in accordance with ASC 350, Intangibles Goodwill and Other, on an annual basis on February 1 and between annual tests if indicators of potential impairment exist.

As of our valuation date in fiscal 2022, we had $64.3 million of goodwill. During the annual impairment review process, we performed a step one analysis to assess the recoverability of our goodwill. The step one analysis estimates the fair value of our reporting unit and compares it to the carrying value of the reporting unit, including goodwill, to assess whether impairment is present. We estimated the fair value of our operating unit using an equal weighting of the fair values derived from the income approach and the market approach because we believe a market participant would equally weight both approaches when valuing the operating unit. The income approach is based on the projected cash flows that are discounted to their present value using discount rates that consider the timing and risk of the forecasted cash flows. Fair value is estimated using internally developed forecasts and assumptions. The discount rate used is the average estimated value of a market participant’s cost of capital and debt, derived using customary market metrics. Other significant assumptions include revenue growth rates, profitability projections, and terminal value growth rates. The market approach estimates fair values based on the determination of appropriate publicly traded market comparison companies and market multiples of revenue and earnings derived from those companies with similar operating and investment characteristics as the operating unit being valued. Finally, we compare and reconcile our overall fair value to our market capitalization in order to assess the reasonableness of the calculated fair values of our operating units. We recognize an impairment loss for goodwill if the implied fair value of goodwill is less than the carrying value. We completed a step one analysis as of February 1, 2022, and concluded there were no indicators of impairment.

On April 30, 2022, the decline in our stock price and market capitalization indicated a reduction of the fair value of our reporting unit. We determined this decline to be a triggering event, which indicated it was more likely than not that the fair values of these reporting units were less than the respective book values and required us to complete an additional step one analysis. Given the volatility in the financial markets, we believed a market participant would determine that the income approach would be a more prominent metric for determining the fair value of our operating unit and thus we used a 75% weighting on the income approach and a 25% weighting on the market approach when valuing our operating unit. As of our interim valuation date in fiscal 2022, we had $67.8 million of goodwill. Based on the results of the evaluation, we recorded a non-cash impairment charge of our entire $67.8 million goodwill balance during our fourth quarter of fiscal 2022.

We have reviewed the provisions of Accounting Standards Codification, or ASC, 350-20, with respect to the criteria necessary to evaluate the number of reporting units that exist. Based on our review of ASC 350-20, we have determined that we have one operating unit.

We have significant long-lived assets, which are susceptible to valuation adjustments as a result of changes in various factors or conditions. The most significant long-lived assets are property, plant, and equipment; right-of-use assets; developed technology; customer relationships; patents; trademarks; and trade names, which is our asset group. Our long-lived assets are primarily located in the United States with some tooling and equipment located in Asia. We amortize all finite-lived assets either on a straight-line basis or based upon patterns in which we expect to utilize the economic benefits of such assets. We

initially determine the values of assets by a risk-adjusted, discounted cash flow approach. We assess the potential impairment of our asset group whenever events or changes in circumstances indicate that the carrying values may not be recoverable and at least annually. There was no indication of impairment of our long-lived asset group in fiscal 2024 or fiscal 2023.

We evaluate the recoverability of long-lived assets on an annual basis or whenever events or changes in circumstances indicate that carrying amounts may not be recoverable in accordance with ASC 360, Property, Plant, and Equipment. When such evaluations indicate that the related future undiscounted cash flows are not sufficient to recover the carrying values of the asset group, such carrying values are reduced to fair value and this adjusted carrying value becomes the asset’s new cost basis. We determine the initial fair value of our long-lived assets, primarily using future anticipated cash flows that are directly associated with and are expected to arise as a direct result of the use and eventual disposition of the asset, or asset group, discounted using an interest rate commensurate with the risk involved. Based on the results of this evaluation, on an undiscounted cash flow basis, there was no indications of impairment of our long-lived asset group.

Future adverse changes in these or other unforeseeable factors could result in an impairment charge that could materially impact future results of operations and financial position in the reporting period identified.

Business Combinations

We allocate the purchase price, including any contingent consideration, of our acquisitions to the assets and liabilities acquired, including identifiable intangible assets, based on their fair values at the date of acquisition. The fair values are primarily based on third-party valuations using our own assumptions that require significant judgments and estimates. The purchase price allocated to intangibles is based on unobservable factors, including projected revenues, expenses, customer attrition rates, royalty rates, a weighted average cost of capital, among others. The weighted average cost of capital uses a market participant’s cost of equity and after-tax cost of debt and reflects the risks inherent in the cash flows. The unobservable factors we use are based upon assumptions believed to be reasonable, but are also uncertain and unpredictable. As a result, these estimates and assumptions may require adjustment in the future if actual results differ from our estimates.

Revenue Recognition

We recognize revenue for the sale of our products at the point in time when the control of ownership has transferred to the customer. The transfer of control typically occurs at a point in time based on consideration of when the customer has (i) a payment obligation, (ii) physical possession of goods has been received, (iii) legal title to goods has passed, (iv) risks and rewards of ownership of goods has passed to the customer, and (v) the customer has accepted the goods. The timing of revenue recognition occurs either on shipment or delivery of goods based on contractual terms with the customer, as this is when transfer of control occurs and the customer accepts the product, has title and significant risks and rewards of ownership of the product, and physical possession of the product has been transferred. Revenue recorded excludes sales tax charged to retail customers as we are considered a pass-through conduit for collecting and remitting sales taxes.

The duration of contractual arrangements with customers in our wholesale channels is typically less than one year. Payment terms with customers are typically between 20 and 90 days, with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year.

We have elected to treat all shipping and handling activities as fulfillment costs and recognize the costs as distribution expenses at the time we recognize the related revenue. Shipping and handling costs billed to customers are included in net sales.

We sponsor direct to consumer customer loyalty programs customers earn rewards from qualifying purchases or activities. We defer revenue for a portion of the transaction price from product sales to customers that earn loyalty points.

The amount of revenue we recognize reflects the expected consideration to be received for providing the goods or services to customers, which includes estimates for variable consideration. Variable consideration includes allowances for trade term discounts, volume incentives, chargebacks, and product returns. Estimates of variable consideration are determined at contract inception and are constrained to the extent that the inclusion of such variable consideration could result in a significant reversal of cumulative revenue in future periods. We apply the portfolio approach as a practical expedient and utilize the expected value method in determining estimates of variable consideration, based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. We have co-op advertising program expense, which we record within advertising expense, in recognition of a distinct service that we receive from our customers at the retail level.

Disaggregation of Revenue

The following table sets forth certain information regarding trade channel net sales for the fiscal years ended April 30, 2024, 2023, and 2022 (dollars in thousands):


	2024		2023		$ Change			% Change			2022
e-commerce channels net sales	$	84,313	$	87,219	$	(2,906	)		-3.3	%	$	97,418
Traditional channels net sales		116,786		103,990		12,796			12.3	%		150,108
Total net sales	$	201,099	$	191,209	$	9,890			5.2	%	$	247,526

Our e-commerce channels include net sales from customers that do not traditionally operate a physical brick-and-mortar store, but generate the majority of their revenue from consumer purchases at their retail websites. Our e-commerce channels also include our direct-to-consumer sales. Our traditional channels include customers that operate primarily out of physical brick and mortar stores and generate the large majority of their revenue from consumer purchases at their brick-and-mortar locations.

We sell our products worldwide. The following table sets forth certain information regarding geographic makeup of net sales included in the above table for the fiscal years ended April 30, 2024, 2023, and 2022 (dollars in thousands):


	2024		2023		$ Change		% Change			2022
Domestic net sales	$	189,027	$	182,299	$	6,728		3.7	%	$	234,803
International net sales		12,072		8,910		3,162		35.5	%		12,723
Total net sales	$	201,099	$	191,209	$	9,890		5.2	%	$	247,526


	2024		2023		$ Change		% Change			2022
Canada	$	5,111	$	4,091	$	1,020		24.9	%	$	5,207
Europe		4,337		2,936		1,401		47.7	%		4,846
All others international		2,624		1,883		741		39.4	%		2,670
Total international net sales	$	12,072	$	8,910	$	3,162		35.5	%	$	12,723


	2024		2023		$ Change		% Change			2022
Shooting sports net sales	$	91,716	$	88,885	$	2,831		3.2	%	$	128,180
Outdoor lifestyle net sales		109,383		102,324		7,059		6.9	%		119,346
Total net sales	$	201,099	$	191,209	$	9,890		5.2	%	$	247,526

Our shooting sports category includes net sales of shooting accessories and our products used for personal protection. Our outdoor lifestyle category includes net sales of our products used in hunting, fishing, camping, rugged outdoor activities, and outdoor cooking.

Cost of Goods Sold

Cost of goods sold for our purchased finished goods includes the purchase costs and related overhead. We source most of our purchased finished goods from manufacturers in Asia. Cost of goods sold for our manufactured goods includes all materials, labor, and overhead costs incurred in the production process. Overhead includes all costs related to manufacturing or purchasing finished goods, including costs of planning, purchasing, quality control, depreciation, freight, duties, royalties, and shrinkage.

Research and Development

We engage in both internal and external research and development, or R&D, in order to remain competitive and to exploit potential untapped market opportunities. We approve prospective R&D projects after analysis of the costs and benefits associated with the potential product. Costs in R&D expense include salaries, materials, utilities, and administrative costs.

Advertising

We expense advertising costs, primarily consisting of digital, printed, or television advertisements, either as incurred or upon the first occurrence of the advertising. Advertising expense, included in selling, marketing, and distribution expenses, totaled $11.1 million, $11.9 million, and $13.3 million in fiscal 2024, 2023, and 2022, respectively. We have co-op advertising program expense, which we record within advertising expense, in recognition of a distinct service that we receive from our customers at the retail level.

Warranty

We generally provide either a limited lifetime, four-year, three-year, two-year, or one-year warranty program to the original purchaser of most of our products. We will also repair or replace certain products or parts found to be defective under normal use and service with an item of equivalent value, at our option, without charge during the warranty period. We provide for estimated warranty obligations in the period in which we recognize the related revenue. We quantify and record an estimate for warranty-related costs based on our actual historical claims experience and current repair costs. We make adjustments to accruals as warranty claims data and historical experience warrant.

The following table sets forth the change in accrued warranties, a portion of which is recorded as a non-current liability, in the fiscal years ended April 30, 2024, 2023, and 2022 (in thousands):


	April 30, 2024			April 30, 2023			April 30, 2022
Beginning balance		966			786			717
Warranties issued and adjustments to provisions		1,569			1,419			399
Warranties assumed in acquisition		—			—			150
Warranty claims		(1,292	)		(1,239	)		(480	)
Ending balance		1,243			966			786

Leases

We occasionally enter into non-cancelable operating leases for office space, distribution facilities, and equipment. Our leases for real estate have initial terms ranging from one to 18 years, generally with renewal options. Leases for equipment typically have initial terms ranging from one to 10 years. Most leases have fixed rentals, with many of the real estate leases requiring additional payments for real estate taxes and occupancy-related costs. See Note 4 – Leases for more information.

Self-Insurance

We record our liability for estimated incurred losses, related to our self-insured group health insurance program, based on historical claim data in the accompanying consolidated financial statements on an undiscounted basis. While we believe these reserves to be adequate, it is possible that the ultimate liabilities will exceed such estimates. See Note 11 - Self-Insurance Reserves for more information.

Earnings/(Loss) Per Share

We calculate basic and diluted earnings/(loss) per share in accordance with the provisions of ASC 260-10, Earnings Per

Share. Basic earnings per common share equals earnings/(loss) divided by the weighted average number of common shares outstanding during the periods presented. Diluted earnings per common share equals earnings/(loss) divided by the weighted average number of common shares outstanding during the periods presented, giving effect to all potentially dilutive stock awards that are outstanding, if their effect is dilutive.


	For the Years Ended April 30,
	2024								2023								2022
	Net					Per Share			Net					Per Share			Net						Per Share
	Loss			Shares		Amount			Loss			Shares		Amount			Income				Shares		Amount
Basic loss	$	(12,248	)		12,967	$	(0.94	)	$	(12,024	)		13,372	$	(0.90	)	$		(64,880	)		13,930	$		(4.66	)
Effect of dilutive stock awards		—			—		—			—			—		—			—			—			—
Diluted loss	$	(12,248	)		12,967	$	(0.94	)	$	(12,024	)		13,372	$	(0.90	)	$		(64,880	)		13,930	$		(4.66	)

Due to the loss from operations for the fiscal years ended April 30, 2024, 2023, and 2022, there are no common shares added to calculate dilutive EPS because the effect would be anti-dilutive. Had there been income from operations for the fiscal years ended April 30, 2024, 2023, and 2022, all of our outstanding stock options and restricted stock units, or RSUs, further described in Note 12 - Equity, would have been included in the computation of diluted earnings per share and could potentially dilute earnings per share in the future.

Stock-Based Compensation

Our stock-based compensation awards consist of stock options, performance-based restricted stock units, or PSUs, and RSUs, all of which are based on our common shares. Compensation costs for all awards expected to vest are recognized over the vesting period using the simplified method in accordance with SAB 107 and ASC 718 as we believe the simplified method is the best method to calculate our stock compensation expense. In addition, we estimate an expected forfeiture rate and only recognize expense for those shares expected to vest. The awards granted generally vest annually in three or four-year tranches, and are included in costs of goods sold; research and development; selling, marketing, and distribution; and general and administrative expenses in the consolidated statements of operations. See Note 12 – Equity for additional information.

Income Taxes

We account for income taxes in accordance with ASC 740, Income Taxes (ASC 740). The provision for income taxes is based upon income reported in the accompanying consolidated financial statements as required by ASC 740-10. We determine deferred tax assets and liabilities based on temporary differences between financial reporting and tax bases in assets and liabilities and measure them by applying enacted rates and laws expected to be in place when the deferred items become subject to income tax or deductible for income tax purposes. We recognize the effect on deferred taxes and liabilities of a change in tax rates in the period that includes the enactment date. In assessing the realization of our deferred income tax assets, we consider whether it is more likely than not that the deferred income tax assets will be realized. The ultimate realization of our deferred income tax assets depends upon generating future taxable income during the periods in which our temporary differences become deductible and before our net operating loss carryforwards expire. We periodically evaluate the recoverability of our deferred income tax assets by assessing the need for a valuation allowance. If we determine that it is more likely than not that our deferred income tax assets will not be recovered, we establish a valuation allowance against some or all of our deferred income tax assets. Recording a valuation allowance could have a significant effect on our future results of operations and financial position. We determine unrecognized income tax benefits in accordance with ASC 740 on the basis of a two-step process in which first we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and second for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. Accrued income taxes in the consolidated balance sheet includes unrecognized income tax benefits along with related interest and penalties, appropriately classified as current or noncurrent. We recognize interest and penalties related to unrecognized tax benefits as interest income/(expense) and other income/(expense), respectively, in the accompanying consolidated statement of operations. All deferred tax assets and liabilities are classified as noncurrent in the consolidated balance sheet.

We periodically assess whether it is more likely than not that we will generate sufficient taxable income to realize our deferred income tax assets. The ultimate realization of net deferred tax assets is dependent on the generation of future taxable

income during the periods in which those temporary differences become deductible. We establish valuation allowances if it is more likely than not that we will be unable to realize our deferred income tax assets.

In making this determination, we consider available positive and negative evidence and make certain assumptions. We consider, among other things, projected future taxable income, scheduled reversals of deferred tax liabilities, the overall business environment, our historical financial results, and tax planning strategies. Significant judgment is required in this analysis.

We determined in fiscal 2022 that it is more likely than not that the benefit from the Company’s net deferred tax assets will not be realized and accordingly we established a full valuation allowance recorded as an increase to income tax expense. This assessment of the realizability of our net deferred tax assets remains unchanged for the current fiscal year. Our assessment involved estimates and assumptions about matters that are inherently uncertain, and unanticipated events or circumstances could cause actual results to differ from these estimates.

Estimates may change as new events occur, estimates of future taxable income may increase during the expected reversal period of our deferred tax assets, or additional information becomes available. Should we change our estimate of the amount of deferred tax assets that we would be able to realize, a full or partial reversal of the valuation allowance could occur resulting in a decrease to the provision for income taxes in the period such a change in estimate is made. We will continue to assess the adequacy of the valuation allowance on a quarterly basis.

Concentration of Credit Risk

Financial instruments that potentially subject us to concentration of credit risk consist primarily of cash, cash equivalents, and trade receivables. We place our cash and cash equivalents in overnight U.S. government securities. Concentrations of credit risk with respect to trade receivables are limited by the large number of customers comprising our customer base and their geographic and business dispersion. We perform ongoing credit evaluations of our customers’ financial condition and generally do not require collateral.

For the fiscal year ended April 30, 2024, 2023, and 2022, respectively, one of our customers accounted for more than 10% of our net sales, accounting for $44.3 million, or 22.1%, $48.4 million, or 25.4%, and $68.7 million, or 27.8%, of our fiscal 2024, 2023, and 2022 net sales, respectively.

As of April 30, 2024 and 2023, respectively, that same customer exceeded 10% or more of our accounts receivable, accounting for $7.0 million, or 27.3%, and $10.4 million, or 39.2%, of our fiscal 2024 and 2023 accounts receivable, respectively. We are not aware of any issues with respect to relationships with any of our top customers.

We source a majority of our purchased finished goods from Asia. As of April 30, 2024, we had two inventory suppliers that exceeded 10% or more of our total inventory purchases. As of April 30, 2023, we had one inventory supplier that exceeded 10% or more of our total inventory purchases. We have alternative options at our discretion that would mitigate a concentration risk in the future related to our inventory suppliers.

Shipping and Handling

In the accompanying consolidated financial statements, we included amounts billed to customers for shipping and handling in net sales. We include costs relating to shipping and handling charges, including inbound freight charges and internal transfer costs, in cost of goods sold; however, costs incurred to distribute products to customers is included in distribution expenses.

Legal and Other Contingencies

We periodically assess liabilities and contingencies in connection with legal proceedings and other claims that may arise from time to time. When we believe it is probable that a loss has been or will be incurred, we record an estimate of the loss in the consolidated financial statements. We adjust estimates of losses when additional information becomes available or circumstances change. We disclose a contingent liability when we believe there is at least a reasonable possibility that a material loss may have been incurred. We record legal fees as incurred.

Recently Adopted Accounting Standards

In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ("ASU 2023-09"), which improves the transparency of income tax disclosures by requiring companies to (1) disclose consistent categories and greater disaggregation of information in the effective rate reconciliation and (2) provide information on income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, although early adoption is permitted. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the impact of adopting this ASU 2023-09 on our consolidated financial statements and disclosures.

In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." This ASU improves financial reporting by requiring disclosure of incremental segment information. The new guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU 2023-07 on our consolidated financial statements and disclosures.

Self-Insurance Reserves

12 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Self-Insurance Reserves

11. Self-Insurance Reserves

In the prior fiscal year, we transitioned to a self-insured group health insurance program. Prior to this transition, we had fully guaranteed cost group health insurance programs. We are now self-insured through retentions or deductibles with stop-loss insurance for medical claims that reach a certain limit per claim. We record our liability for estimated incurred losses based on historical claim data in the accompanying consolidated financial statements on an undiscounted basis. While we believe these reserves to be adequate, it is possible that the ultimate liabilities will exceed such estimates.

The following table summarizes the activity related to self-insurance reserves in the fiscal years ended April 30, 2024 and 2023 (in thousands):


	For the years ended April 30,
	2024			2023
Beginning balance	$	396		$	29
Additional provisions charged to expense		2,525			2,094
Payments		(2,562	)		(1,727	)
Ending balance	$	359		$	396

Summary of Significant Accounting Policies - Schedule of Geographic Makeup of Net Sales and Breakdown of International Net Sales by Region (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Disaggregation Of Revenue [Line Items]
Total net sales	$ 201,099	$ 191,209	$ 247,526
Change in Total net sales	$ 9,890
% Change in Total net sales	5.20%
Domestic Net Sales
Disaggregation Of Revenue [Line Items]
Total net sales	$ 189,027	182,299	234,803
Change in Total net sales	$ 6,728
% Change in Total net sales	3.70%
International Net Sales
Disaggregation Of Revenue [Line Items]
Total net sales	$ 12,072	8,910	12,723
Change in Total net sales	$ 3,162
% Change in Total net sales	35.50%
Canada
Disaggregation Of Revenue [Line Items]
Total net sales	$ 5,111	4,091	5,207
Change in Total net sales	$ 1,020
% Change in Total net sales	24.90%
Europe
Disaggregation Of Revenue [Line Items]
Total net sales	$ 4,337	2,936	4,846
Change in Total net sales	$ 1,401
% Change in Total net sales	47.70%
All Others International
Disaggregation Of Revenue [Line Items]
Total net sales	$ 2,624	$ 1,883	$ 2,670
Change in Total net sales	$ 741
% Change in Total net sales	39.40%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

Inventory

12 Months Ended

Apr. 30, 2024

Inventory Disclosure [Abstract]

Inventory

5. Inventory

The following table sets forth a summary of inventories stated at lower of cost or net realizable value, as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024		April 30, 2023
Finished goods	$	83,879	$	90,906
Finished parts		2,402		2,818
Work in process		75		66
Raw material		6,959		5,944
Total inventories	$	93,315	$	99,734

Certain of our suppliers in Asia require deposits to procure our inventory products prior to beginning the manufacturing process. These deposits on our inventory varies by supplier and range from 30% to 100%. For the fiscal years ended April 30, 2024 and 2023, we have recorded $4.3 million, respectively, in prepaid expenses and other current assets on our consolidated balance sheet.

Income Taxes - Summary of Reconciliation of Provision from Income Taxes from Operations (Parenthetical) (Details)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Federal statutory rate	21.00%	21.00%	21.00%

Equity - Share Based Payment Award Performance Shares Valuation Assumptions (Details) - PSUs

12 Months Ended

Apr. 30, 2024

CorrelationCoefficient

$ / shares

Apr. 30, 2023

CorrelationCoefficient

$ / shares

Apr. 30, 2022

CorrelationCoefficient

$ / shares

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Correlation coefficient | CorrelationCoefficient

^[1]

0.48

0.5

0.46

Risk-free interest rate

^[2]

3.81%

2.91%

0.33%

Dividend yield

^[3]

0.00%

American Outdoor Brands, Inc.

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Grant date fair market value

$ 8.79

$ 12.7

$ 26.44

Volatility

^[4]

45.53%

49.04%

47.78%

Russell 2000 Index

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Grant date fair market value

$ 1,769.21

$ 1,882.91

$ 2,277.45

Volatility

^[4]

27.08%

31.75%

30.69%

[1]	The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions.
[2]	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.
[3]	We do not expect to pay dividends in the foreseeable future.
[4]	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.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Commitments and Contingencies - Schedule of Operating Leases Expiration Date for Office and/or Manufacturing Space (Detail)	12 Months Ended
	Apr. 30, 2024
Shenzhen, China \| July 15, 2024
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Jul. 15, 2024
Shenzhen, China \| August 31, 2025
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Aug. 31, 2025
Chicopee, Massachusetts \| May 31, 2025
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	May 31, 2025
Phoenix, Arizona \| April 30, 2025
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Apr. 30, 2025
Columbia, Missouri \| November 26, 2038
Schedule Of Commitments And Contingencies [Line Items]
Lease Expiration Date	Nov. 26, 2038

Self-Insurance Reserves (Tables)

12 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Summary of Activity Related to Self-Insurance Reserves

The following table summarizes the activity related to self-insurance reserves in the fiscal years ended April 30, 2024 and 2023 (in thousands):


	For the years ended April 30,
	2024			2023
Beginning balance	$	396		$	29
Additional provisions charged to expense		2,525			2,094
Payments		(2,562	)		(1,727	)
Ending balance	$	359		$	396

Income Taxes - Summary of Income Tax Expense/(Benefit) from Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Current:
Federal	$ 5	$ (126)	$ 2,356
State	(79)	(123)	302
Foreign	4		3
Total current	(70)	(249)	2,661
Deferred:
Deferred federal			5,958
Deferred state			725
Total deferred			6,683
Total income tax (benefit)/expense	$ (70)	$ (249)	$ 9,344

Acquisitions (Tables)

12 Months Ended

Apr. 30, 2024

Business Combinations [Abstract]

Schedule of Unaudited Pro Forma Results of Operations Assumed

Additionally, the following table reflects the unaudited pro forma results of operations assuming that the Grilla Grills acquisition had occurred on May 1, 2021 (in thousands, except per share data):



	For the Year Ended April 30, 2022
Net sales	$	259,647
Loss from operations		(56,586	)
Net loss per share - diluted		(4.66	)

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 133	$ 125
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	20,000,000	20,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	14,701,280	14,447,149
Common stock, outstanding	12,797,865	13,233,151
Treasury stock, shares	1,903,415	1,213,998

Equity - Additional Information (Details) - USD ($)			12 Months Ended
Equity - Additional Information (Details) - USD ($)	Oct. 02, 2023	Sep. 30, 2022	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, expire period	Sep. 30, 2024	Sep. 29, 2023
Stock repurchase program, repurchased shares			689,417	377,034
Stock repurchased, shares			$ 6,015,000	$ 3,534,000	$ 15,025,000
Percentage of maximum aggregate award granted			200.00%
Percentage of stock outperform in order for target award to vest			5.00%
Weighted average expected volatility			46.00%
Remaining authorized value to repurchase common stock			$ 7,300,000
Authorization of Repurchase of Common Stock on September 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, repurchased shares			375,556
Stock repurchased, shares			$ 3,300,000
Authorization of Repurchase of Common Stock on October 2, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, repurchased shares			313,861
Stock repurchased, shares			$ 2,700,000
2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Implementation of employee stock purchase plan duration			12 months
Option exercise price per share as a percentage of fair market value			85.00%
Number of shares an employee may purchase under the stock purchase plan			2,500
Shares issued under employee stock purchase plan			$ 25,000
Shares purchased by employees under employee stock purchase plan			91,940	89,860
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period			3 years
Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested awards, unrecognized compensation expense			$ 1,900,000
Unvested awards, unrecognized compensation expense recognition period			1 year 1 month 6 days
Employees and Directors \| Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, description			We grant RSUs to employees and directors. The awards are made at no cost to the recipient. An RSU represents the right to receive one share of our common stock and does not carry voting or dividend rights.
Awards granted, vesting period			4 years
Awards granted, vesting description			RSU grants to employees generally vest over a period of four years with one-fourth of the units vesting on each anniversary of the grant date.
Cost of Sales, Sales and Marketing, Research and Development, and General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense			$ 4,100,000	$ 4,100,000	$ 2,800,000
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period			3 years
Minimum \| 2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Payroll deduction of participant's compensation			1.00%
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program, authorized amount	$ 10,000,000	$ 10,000,000
Awards granted, vesting period			4 years
Maximum \| 2020 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Authorized sale of shares of common stock			419,253
Payroll deduction of participant's compensation			20.00%
2020 Incentive Compensation Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock remain available for issuance			0
Stock options exercisable period			10 years
2020 Incentive Compensation Plan \| Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled			25,594	14,390	40,929
2020 Incentive Compensation Plan \| PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards cancelled			94,354		24,565
2020 Incentive Compensation Plan \| Service-based RSUs and PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			396,098	371,153	114,860
Awards vested			212,636	145,958	127,111
Awards cancelled			119,948	14,390	65,494
2020 Incentive Compensation Plan \| Executive Officers, Non-Executive Officer Employees and Directors [Member] \| Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			319,847	311,676	77,251
2020 Incentive Compensation Plan \| Executive Officers \| Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			103,475	52,277	28,948
2020 Incentive Compensation Plan \| Executive Officers \| PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			76,251	52,277	26,809
Maximum aggregate award value of shares			152,502	104,554	53,618
2020 Incentive Compensation Plan \| Non-executive Officer Employees and Directors \| Service-based RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted			216,372	259,399	48,303
2020 Incentive Compensation Plan \| Employees, Executive Officer and Directors \| Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Market value of awards delivered in connection with vesting of RSUs			$ 1,600,000	$ 1,500,000	$ 3,300,000
2020 Incentive Compensation Plan \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period			3 years
2020 Incentive Compensation Plan \| Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares authorized to be newly issued			1,397,510
Awards granted, vesting period			4 years
2018 Grant \| PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards vested					10,800
Maximum aggregate award percentage achieved					200.00%
2018 Grant \| Executive Officers and Employees \| PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted					21,600
2019 Grant \| PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards vested				7,200
Maximum aggregate award percentage achieved				200.00%
2019 Grant \| Executive Officers and Employees \| PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				14,400

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Apr. 30, 2024

Accounting Policies [Abstract]

Principles of Consolidation

Use of Estimates

Fair Value of Financial Instruments

Cash and Cash Equivalents

Accounts Receivable and Allowance for Estimated Credit Losses

Inventories

Property, Plant, and Equipment

we remove the related cost and accumulated depreciation from the respective accounts and include any gain or loss in operations. A summary of the estimated useful lives is as follows:


Description		Useful Life
Machinery and equipment		2 to 10 years
Computer and other equipment		2 to 7 years
Leasehold improvements		10 to 20 years

We include tooling, dies, furniture, and fixtures as part of machinery and equipment and depreciate them over a period generally not exceeding 10 years.

Intangible Assets

Valuation of Goodwill and Long-lived Assets

Business Combinations

Revenue Recognition

Disaggregation of Revenue

The following table sets forth certain information regarding trade channel net sales for the fiscal years ended April 30, 2024, 2023, and 2022 (dollars in thousands):


	2024		2023		$ Change			% Change			2022
e-commerce channels net sales	$	84,313	$	87,219	$	(2,906	)		-3.3	%	$	97,418
Traditional channels net sales		116,786		103,990		12,796			12.3	%		150,108
Total net sales	$	201,099	$	191,209	$	9,890			5.2	%	$	247,526


	2024		2023		$ Change		% Change			2022
Domestic net sales	$	189,027	$	182,299	$	6,728		3.7	%	$	234,803
International net sales		12,072		8,910		3,162		35.5	%		12,723
Total net sales	$	201,099	$	191,209	$	9,890		5.2	%	$	247,526


	2024		2023		$ Change		% Change			2022
Canada	$	5,111	$	4,091	$	1,020		24.9	%	$	5,207
Europe		4,337		2,936		1,401		47.7	%		4,846
All others international		2,624		1,883		741		39.4	%		2,670
Total international net sales	$	12,072	$	8,910	$	3,162		35.5	%	$	12,723


	2024		2023		$ Change		% Change			2022
Shooting sports net sales	$	91,716	$	88,885	$	2,831		3.2	%	$	128,180
Outdoor lifestyle net sales		109,383		102,324		7,059		6.9	%		119,346
Total net sales	$	201,099	$	191,209	$	9,890		5.2	%	$	247,526

Shipping and Handling

Cost of Goods Sold

Research and Development

Advertising

Warranty

The following table sets forth the change in accrued warranties, a portion of which is recorded as a non-current liability, in the fiscal years ended April 30, 2024, 2023, and 2022 (in thousands):


	April 30, 2024			April 30, 2023			April 30, 2022
Beginning balance		966			786			717
Warranties issued and adjustments to provisions		1,569			1,419			399
Warranties assumed in acquisition		—			—			150
Warranty claims		(1,292	)		(1,239	)		(480	)
Ending balance		1,243			966			786

Leases

Self-Insurance

Earnings/(Loss) Per Share

We calculate basic and diluted earnings/(loss) per share in accordance with the provisions of ASC 260-10, Earnings Per


	For the Years Ended April 30,
	2024								2023								2022
	Net					Per Share			Net					Per Share			Net						Per Share
	Loss			Shares		Amount			Loss			Shares		Amount			Income				Shares		Amount
Basic loss	$	(12,248	)		12,967	$	(0.94	)	$	(12,024	)		13,372	$	(0.90	)	$		(64,880	)		13,930	$		(4.66	)
Effect of dilutive stock awards		—			—		—			—			—		—			—			—			—
Diluted loss	$	(12,248	)		12,967	$	(0.94	)	$	(12,024	)		13,372	$	(0.90	)	$		(64,880	)		13,930	$		(4.66	)

Stock-Based Compensation

Income Taxes

Concentrations of Credit Risk

Concentration of Credit Risk

Legal and Other Contingencies

Recently Adopted Accounting Standards

Summary of Significant Accounting Policies - Schedule of Trade Channel Net Sales (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Disaggregation Of Revenue [Line Items]
Total net sales	$ 201,099	$ 191,209	$ 247,526
Change in Total net sales	$ 9,890
% Change in Total net sales	5.20%
E Commerce Channels Net Sales
Disaggregation Of Revenue [Line Items]
Total net sales	$ 84,313	87,219	97,418
Change in Total net sales	$ (2,906)
% Change in Total net sales	(3.30%)
Traditional Channels Net Sales
Disaggregation Of Revenue [Line Items]
Total net sales	$ 116,786	$ 103,990	$ 150,108
Change in Total net sales	$ 12,796
% Change in Total net sales	12.30%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

Commitments and Contingencies

12 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15. Commitments and Contingencies

Litigation

From time to time, we are involved in lawsuits, claims, investigations, and proceedings, including those relating to product liability, intellectual property, commercial relationships, employment issues, and governmental matters, which arise in the ordinary course of business.

For the fiscal years ended April 30, 2024, 2023, and 2022, we did not incur any material expenses in defense and administrative costs relative to product liability litigation. In addition, we did not incur any settlement fees related to product liability cases in those fiscal years.

Contracts

Employment Agreements — We have employment, severance, and change of control agreements with certain officers and managers.

Other Agreements — We have distribution agreements with various third parties in the ordinary course of business.

Leases

The following summarizes our operating leases for office and/or manufacturing space:


Location of Lease		Expiration Date
Yangjiang, China		July 15, 2024
Shenzhen, China		August 31, 2025
Chicopee, Massachusetts		May 31, 2025
Phoenix, Arizona		April 30, 2025
Columbia, Missouri		November 26, 2038

Other Commitments

As of April 30, 2024, we have known purchase commitments of $32.7 million, which represent binding commitments to purchase raw materials, contract production, and finished products that are payable upon delivery of the inventory. This obligation excludes the amount included in accounts payable at April 30, 2024 related to inventory purchases and will be payable within one year. Other obligations represent other binding commitments for the expenditure of funds, including (i) amounts related to contracts not involving the purchase of inventories, such as the noncancelable portion of service or maintenance agreements for management information systems, (ii) capital spending, and (iii) advertising.

Gain Contingency

In 2018, the United States imposed additional section 301 tariffs of up to 25%, on certain goods imported from China. These additional section 301 tariffs apply to our sourced products from China and have added additional cost to us. We are utilizing the duty drawback mechanism to offset some of the direct impact of these tariffs, specifically on goods that we sold internationally. We are accounting for duty drawbacks as a gain contingency and may record any such gain from a reimbursement in future periods if and when the contingency is resolved.

Inventory - Summary of Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 83,879	$ 90,906
Finished parts	2,402	2,818
Work in process	75	66
Raw material	6,959	5,944
Total inventories	$ 93,315	$ 99,734

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Income Tax Contingency [Line Items]
Deferred tax assets valuation allowance	$ 19,300,000	$ 17,000,000
Effective tax rate	0.60%	2.00%	(16.80%)
Effective tax rate excluding impact of non-cash goodwill impairment charges			19.60%
Undistributed earnings of foreign subsidiary	$ 375,000
Gross tax-effected unrecognized tax benefits	0	$ 0
Federal
Income Tax Contingency [Line Items]
Net operating loss carryforwards	13,900,000
Deferred tax assets net operating loss carryforwards	2,900,000
Federal \| Research & Development Tax Credit
Income Tax Contingency [Line Items]
Credits	$ 403,000
Federal \| Research & Development Tax Credit \| Minimum
Income Tax Contingency [Line Items]
Tax credit expiration date	Apr. 30, 2043
Federal \| Research & Development Tax Credit \| Maximum
Income Tax Contingency [Line Items]
Tax credit expiration year	2044
State
Income Tax Contingency [Line Items]
Net operating loss carryforwards	$ 7,100,000
NOL carryforwards subject to expiration	5,700,000
NOL carryforwards carried forward indefinitely	1,400,000
Deferred tax assets net operating loss carryforwards	$ 355,000
State \| Minimum
Income Tax Contingency [Line Items]
NOL carryforwards expiration date	Apr. 30, 2033
State \| Maximum
Income Tax Contingency [Line Items]
NOL carryforwards expiration date	Apr. 30, 2044

Summary of Significant Accounting Policies - Computation of Basic and Diluted Earnings per Share Attributed to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Basic loss	$ (12,248)	$ (12,024)	$ (64,880)
Diluted loss	$ (12,248)	$ (12,024)	$ (64,880)
Basic loss, Shares	12,967	13,372	13,930
Diluted loss, Shares	12,967	13,372	13,930
Basic loss, Per Share Amount	$ (0.94)	$ (0.9)	$ (4.66)
Diluted loss, Per Share Amount	$ (0.94)	$ (0.9)	$ (4.66)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-11

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Inventory - Additional Information (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Inventory [Line Items]
Prepaid expenses and other current assets	$ 6,410	$ 7,839
Asia
Inventory [Line Items]
Prepaid expenses and other current assets	$ 4,300	$ 4,300
Maximum \| Asia
Inventory [Line Items]
Percentage of inventory deposits	100.00%
Minimum \| Asia
Inventory [Line Items]
Percentage of inventory deposits	30.00%

Accrued Expenses

12 Months Ended

Apr. 30, 2024

Payables and Accruals [Abstract]

Accrued Expenses

8. Accrued Expenses

The following table sets forth other accrued expenses as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024		April 30, 2023
Accrued freight	$	2,829	$	1,962
Accrued sales allowances		1,891		2,453
Accrued warranty		1,243		966
Accrued commissions		1,191		1,072
Accrued professional fees		1,049		1,106
Accrued employee benefits		499		568
Accrued taxes other than income		321		346
Accrued other		664		268
Total accrued expenses	$	9,687	$	8,741

Employer Sponsored Benefit Plans

12 Months Ended

Apr. 30, 2024

Retirement Benefits [Abstract]

Employer Sponsored Benefit Plans

13. Employer Sponsored Benefit Plans

Contributory Defined Investment Plan — Our employees participate in a contributory defined investment plan, subject to service requirements. Under the terms of the plan, employees may contribute from 1% to 30% of their annual pay and we generally make discretionary matching contributions of up to 50% of the first 6% of employee contributions to the plan. We contributed $438,000, $500,000, and $592,000 for the fiscal years ended April 30, 2024, 2023, and 2022, respectively.

Non-Contributory Profit-Sharing Plan — Our employees participate in our non-contributory profit-sharing plan upon meeting certain eligibility requirements. Employees become eligible on May 1 following the completion of a full fiscal year of continuous service. Our contributions to the plan are discretionary. We did not contribute to the plan for the fiscal years 2024 and 2023. For fiscal year 2022, we contributed $984,000, which has been recorded in general and administrative costs. Contributions are funded after the fiscal year-end.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Cash flows from operating activities:
Net loss		$ (12,248)	$ (12,024)	$ (64,880)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		16,101	16,511	16,967
Loss on sale/disposition of assets		7	94	161
Provision for credit losses on accounts receivable		8	(11)	17
Goodwill impairment	$ 67,800			67,849
Deferred income taxes				6,683
Stock-based compensation expense		4,075	4,050	2,812
Changes in operating assets and liabilities:
Accounts receivable		1,110	2,044	8,591
Inventories		6,419	21,949	(41,431)
Prepaid expenses and other current assets		1,429	652	(1,393)
Income tax receivable		1,028	(20)	(1,082)
Accounts payable		2,873	(1,308)	(4,521)
Accrued payroll and incentives		2,354	(1,973)	(4,921)
Right of use assets		1,335	1,645	1,650
Accrued expenses		946	888	(2,140)
Other assets		137	76	(279)
Lease liabilities		(1,049)	(1,870)	(1,831)
Other non-current liabilities		(34)	3	(205)
Net cash provided by/ (used in) operating activities		24,491	30,706	(17,953)
Cash flows from investing activities:
Payments to acquire patents and software		(1,340)	(3,555)	(3,191)
Proceeds from sale of property and equipment		131	30
Payments to acquire property and equipment		(4,767)	(1,301)	(3,397)
Net cash used in investing activities		(5,976)	(4,826)	(33,588)
Cash flows from financing activities:
Proceeds from loans and notes payable				25,170
Payments on notes and loans payable		(5,000)	(20,170)
Payments to acquire treasury stock		(6,015)	(3,534)	(15,025)
Cash paid for debt issuance costs			(88)	(103)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan		671	656	875
Payment of employee withholding tax related to restricted stock units		(423)	(315)	(656)
Net cash used in financing activities		(10,767)	(23,451)	10,261
Net increase/(decrease) in cash and cash equivalents		7,748	2,429	(41,280)
Cash and cash equivalents, beginning of period		21,950	19,521	60,801
Cash and cash equivalents, end of period	$ 19,521	29,698	21,950	19,521	$ 60,801
Supplemental disclosure of cash flow information Cash paid for:
Interest		307	761	125
Income taxes (net of refunds)		(978)	(73)	3,819
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Purchases of property and equipment and intangibles included in accounts payable		192	411		1,277
Changes in right of use assets for operating lease obligations		10,701	1,959		158
Changes in lease liabilities for operating lease obligations		$ 10,701	$ 1,959		158
Charges of debt issuance costs included in accrued expenses					$ 89
Grilla Grills Acquisition
Cash flows from investing activities:
Acquisition of business				$ (27,000)

Organization - Additional Information (Details)	12 Months Ended
Organization - Additional Information (Details)	Apr. 30, 2024 BrandLane
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of brand lanes	4

Fair Value Measurement - Additional Information (Details) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial assets	$ 0	$ 0
Financial liabilities	0	0
Fair Value, Recurring Basis \| Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 29,700,000	$ 22,000,000

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2022	Apr. 30, 2023
Business Acquisition [Line Items]
Weighted average life of intangible asset acquired	5 years
Revolving Line of Credit
Business Acquisition [Line Items]
Revolving line of credit	$ 0		$ 5,000
Grilla Grills Acquisition
Business Acquisition [Line Items]
Payments for assets acquired		$ 27,000
Grilla Grills Acquisition \| Revolving Line of Credit
Business Acquisition [Line Items]
Revolving line of credit	25,000
Grilla Grills Acquisition \| Tradenames
Business Acquisition [Line Items]
Fair market value of assets acquired	$ 18,500
Weighted average life of intangible asset acquired	6 years 6 months

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Leases - Additional Information (Details)		12 Months Ended
Leases - Additional Information (Details)	Jan. 01, 2024 ft²	Apr. 30, 2024 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)
Lessee Lease Description [Line Items]
Operating lease cost		$ 3,600,000	$ 4,000,000	$ 3,900,000
Short-term operating lease costs		$ 22,000	$ 132,000	$ 218,000
Operating lease, weighted average lease term		14 years 7 months 6 days	15 years 7 months 6 days
Operating lease, weighted average discount rate		6.00%	5.40%
Operating right-of-use lease asset		$ 33,564,000	$ 24,198,000
Operating lease, liability		$ 34,620,000	24,968,000
Description of lease		During the fiscal year ended April 30, 2024, we entered an Assignment Agreement to assign us the rights to the entire building and surrounding property at our corporate office and warehouse facility in Columbia, Missouri. The assignment was effective on January 1, 2024.
Cash paid for amounts included in measurement of liabilities and operating cash flows		$ 1,000,000	1,900,000
Building
Lessee Lease Description [Line Items]
Operating right-of-use lease asset		10,600,000	1,900,000
Operating lease, liability		$ 10,600,000	$ 1,900,000
Number of square feet \| ft²	632,000
Sublease, number of square feet \| ft²	361,000
Additional number of Square feet \| ft²	491,000
Lease expiration date	Nov. 26, 2038
Option to extend lease		does not provide for an extension of the term of the lease

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Current assets:
Cash and cash equivalents	$ 29,698	$ 21,950
Accounts receivable, net of allowance for credit losses of $133 on April 30, 2024 and $125 on April 30, 2023	25,728	26,846
Inventories	93,315	99,734
Prepaid expenses and other current assets	6,410	7,839
Income tax receivable	223	1,251
Total current assets	155,374	157,620
Property, plant, and equipment, net	11,038	9,488
Intangible assets, net	40,217	52,021
Right-of-use assets	33,564	24,198
Other assets	404	260
Total assets	240,597	243,587
Current liabilities:
Accounts payable	14,198	11,544
Accrued expenses	9,687	8,741
Accrued payroll and incentives	4,167	1,813
Lease liabilities, current	1,331	904
Total current liabilities	29,383	23,002
Notes and loans payable		4,623
Lease liabilities, net of current portion	33,289	24,064
Other non-current liabilities		34
Total liabilities	62,672	51,723
Commitments and contingencies (Note 15)
Equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding on April 30, 2024 and 2023
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,701,280 shares issued and 12,797,865 shares outstanding on April 30, 2024 and 14,447,149 shares issued and 13,233,151 shares outstanding on April 30, 2023	15	14
Additional paid in capital	277,107	272,784
Retained deficit	(74,623)	(62,375)
Treasury stock, at cost (1,903,415 shares on April 30, 2024 and 1,213,998 shares on April 30, 2023)	(24,574)	(18,559)
Total equity	177,925	191,864
Total liabilities and equity	$ 240,597	$ 243,587

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Apr. 30, 2024	Jun. 24, 2024	Oct. 31, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Registrant Name	American Outdoor Brands, Inc.
Entity Central Index Key	0001808997
Current Fiscal Year End Date	--04-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity File Number	001-39366
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-4630928
Entity Address, Address Line One	1800 North Route Z
Entity Address, City or Town	Columbia
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	65202
City Area Code	800
Local Phone Number	338-9585
Document Annual Report	true
Document Transition Report	false
Entity Common Stock Shares Outstanding		12,894,558
Entity Public Float			$ 123,495,323
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	AOUT
Security Exchange Name	NASDAQ
ICFR Auditor Attestation Flag	false
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement for the 2024 Annual Meeting of Stockholders are incorporated by reference into Part III of the Form 10-K.
Document Financial Statement Error Correction [Flag]	false
Auditor Name	GRANT THORNTON LLP
Auditor Location	Hartford, Connecticut
Auditor Firm ID	248

Segment Reporting - Additional Information (Details)	12 Months Ended
Segment Reporting - Additional Information (Details)	Apr. 30, 2024 BrandLane Segment Brand
Segment Reporting [Abstract]
Number of operating segments \| Segment	1
Number of distinct brands \| Brand	21
Number of brand lanes \| BrandLane	4

Acquisitions

12 Months Ended

Apr. 30, 2024

Business Combinations [Abstract]

Acquisitions

3. Acquisitions:

Grilla Grills Acquisition

In fiscal 2022, we acquired substantially all of the assets of the Grilla Grills business of Fahrenheit Technologies, Inc. for $27 million, financed using a combination of existing cash balances and cash from a $25 million draw on our revolving line of credit. Grilla is a provider of high-quality, barbecue grills; Wi-Fi-enabled wood pellet grills; smokers; accessories; and modular outdoor kitchens.

We determined the fair market value of the intangible assets acquired in accordance with ASC 805 - Business Combinations and ASC 820 - Fair Value Measurement and assigned a fair market value of $18.5 million to tradenames at the acquisition date. We amortize assets in proportion to expected yearly revenue generated from the intangibles that we acquire. The weighted average life of tradenames acquired is 6.5 years.

Additionally, the following table reflects the unaudited pro forma results of operations assuming that the Grilla Grills acquisition had occurred on May 1, 2021 (in thousands, except per share data):



	For the Year Ended April 30, 2022
Net sales	$	259,647
Loss from operations		(56,586	)
Net loss per share - diluted		(4.66	)

The unaudited pro forma income from operations for the years ended April 30, 2022 has been adjusted to reflect increased cost of goods sold from the fair value step-up in inventory, which is expensed over the first inventory cycle, and the amortization of intangibles as if the Grilla Grills acquisition had occurred on May 1, 2021. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the actual results that would have been achieved had the Grilla Grills acquisition occurred as of May 1, 2021, or the results that may be achieved in future periods.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Apr. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Equity - Share Based Payment Award Performance Shares Valuation Assumptions (Parenthetical) (Details) - PSUs	12 Months Ended
	Apr. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period	3 years
Volatility
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted, vesting period	3 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Income Taxes

12 Months Ended

Apr. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

14. Income Taxes

Income tax expense/(benefit) from operations consists of the following (in thousands):


	For the Years Ended April 30,
	2024				2023				2022
Current:
Federal	$		5		$		(126	)	$	2,356
State			(79	)			(123	)		302
Foreign			4			—				3
Total current			(70	)			(249	)		2,661
Deferred:
Deferred federal		—				—				5,958
Deferred state		—				—				725
Total deferred		—				—				6,683
Total income tax (benefit)/expense	$		(70	)	$		(249	)	$	9,344

The following table presents a reconciliation of the provision for income taxes from operations at statutory rates to the provision (benefit) in the consolidated financial statements (in thousands):


	For the Years Ended April 30,
	2024				2023				2022
Federal income taxes expected at the statutory rate (a)	$		(2,587	)	$		(2,577	)	$	(11,663	)
State income taxes, less federal income tax benefit			(132	)			(303	)		(633	)
Stock compensation			436				96			(276	)
Research and development tax credit			(203	)			(200	)		(291	)
Goodwill impairment		—				—				7,633
Change in deferred tax valuation allowance			2,257				2,600			14,200
Other			159				135			374
Total income tax (benefit)/expense	$		(70	)	$		(249	)	$	9,344

(a)

We had a federal statutory rate of 21% in fiscal 2024, 2023, and 2022.

Deferred tax assets (liabilities) related to temporary differences are the following (in thousands):


	April 30, 2024				April 30, 2023
Non-current tax assets (liabilities):
Inventories	$		1,100		$		1,574
Accrued expenses, including compensation			1,589				1,446
Product liability			—				28
Workers' compensation			10				8
Warranty reserve			286				222
Stock-based compensation			1,066				1,172
State bonus depreciation			110				150
Property, plant, and equipment			(2,619	)			(2,577	)
Intangible assets			11,777				11,877
Right-of Use assets			(7,740	)			(5,640	)
Right-of Use lease liabilities			7,985				5,820
Capitalized R&D			2,136				1,340
Other			(83	)			(15	)
Loss and credit carryforwards			3,681				1,636
Less valuation allowance			(19,298	)			(17,041	)
Net deferred tax asset/(liability) — total	$	—			$	—

As of April 30, 2024, federal and state net operating loss, or NOL, carryforwards were $13.9 million and $7.1 million, respectively, and $403,000 of federal research & development tax credits. The tax-effected deferred tax assets recorded for federal and state NOL carryforwards were $2.9 million and $355,000, respectively. Under legislation enacted in 2017,

informally titled the Tax Cuts and Jobs Act, or Tax Act, federal NOLs incurred in taxable years ending after December 31, 2017, may be carried forward indefinitely. The federal research and development credits of $403,000, which, if unused, will expire between April 30, 2043 and 2044. State NOL carryforwards of $5.7 million, which, if unused, will expire in years April 30, 2033 through April 30, 2044. The remaining $1.4 million of the state NOL carryforwards may also be carried forward indefinitely.

As of April 30, 2024, we continued to maintain a full valuation allowance of $19.3 million against our net deferred income tax assets based on management's assessment that it was more likely than not that our deferred income tax assets will not be recovered. We will continue to evaluate the need for a valuation allowance on our deferred tax assets until there is sufficient positive evidence to support the reversal of all or some portion of these allowances. As of April 30, 2023, we maintained a full valuation allowance of $17.0 million against our net deferred income tax assets based on management's assessment that it was more likely than not that our deferred income tax assets will not be recovered.

The income tax provisions (benefit) represent effective tax rates of 0.6%, 2.0%, and (16.8%) for the fiscal years ended April 30, 2024, 2023, and 2022, respectively. Excluding the impact of the non-cash goodwill impairment charges and establishing the full valuation allowance against our deferred taxes, our effective tax rate for the fiscal year ended April 30, 2022 was 19.6%.

U.S. income taxes have not been provided on $375,000 of undistributed earnings of our foreign subsidiary since it is our intention to permanently reinvest such earnings offshore. If the earnings were distributed in the form of dividends, we would not be subject to U.S. tax as a result of the Tax Act but could be subject to foreign income and withholding taxes. Determination of the amount of this unrecognized deferred income tax liability is not practical.

As of April 30, 2024 and 2023, we did not have any gross tax-effected unrecognized tax benefits.

With limited exception, we are subject to U.S. federal, state, and local, or non-U.S. income tax audits by tax authorities for fiscal years subsequent to April 30, 2020. On March 7, 2023, the Internal Revenue Service (“IRS”) initiated an examination of our Federal income tax return filed for the tax period ended April 30, 2021. On January 10, 2024, we were notified from the IRS that they had concluded their examination. As a result of their examination procedures, our tax liability was unchanged for the tax period under examination, and there was no impact to our consolidated financial statements.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Organization

12 Months Ended

Apr. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

1. Organization

American Outdoor Brands, Inc. and its wholly owned Subsidiaries (our "company," "we," "us," or "our") is a leading provider of outdoor lifestyle products and shooting sports accessories encompassing hunting, fishing, outdoor cooking, camping, shooting, and personal security and defense products for rugged outdoor enthusiasts. We conceive, design, source, and sell our outdoor lifestyle products, including premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products. We conceive, design, produce or source, and sell our shooting sports accessories, such as rests, vaults, and other related accessories; electro-optical devices, including hunting optics, firearm aiming devices, flashlights, and laser grips; and reloading, gunsmithing, and firearm cleaning supplies. We develop and market all our products as well as manufacture some of our electro-optics products at our facility in Columbia, Missouri. We also contract for the manufacture and assembly of most of our products with third parties located in Asia.

We focus on our brands and the establishment of product categories in which we believe our brands will resonate strongly with the activities and passions of consumers and enable us to capture an increasing share of our overall addressable markets. Our owned brands include BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, or Grilla, Hooyman, Imperial, LaserLyte, Lockdown, MEAT! Your Maker, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler, and we license additional brands for use in association with certain products we sell, including M&P, Smith & Wesson, Performance Center by Smith & Wesson, and Thompson/Center. In focusing on the growth of our brands, our marketing, product development, and e-commerce teams focus on supporting our four brand lanes, each of which focuses on one of four distinct consumer verticals – Adventurer, Harvester, Marksman, and Defender – with each of our brands included in one of the brand lanes.

•

Our Adventurer brands include products that help enhance consumers’ fishing, outdoor cooking, and camping experiences.

•

Our Harvester brands focus on the activities hunters typically engage in, including the activities to prepare for the hunt, the hunt itself, and the activities that follow a hunt, such as meat processing.

•

Our Marksman brands address product needs arising from consumer activities that take place primarily at the shooting range and where firearms are cleaned, maintained, and worked on.

•

Our Defender brands focus on protection and include products that are used by consumers in situations that require self-defense, for training, and for securing high value or high consequence possessions.

Accrued Expenses (Tables)

12 Months Ended

Apr. 30, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

The following table sets forth other accrued expenses as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024		April 30, 2023
Accrued freight	$	2,829	$	1,962
Accrued sales allowances		1,891		2,453
Accrued warranty		1,243		966
Accrued commissions		1,191		1,072
Accrued professional fees		1,049		1,106
Accrued employee benefits		499		568
Accrued taxes other than income		321		346
Accrued other		664		268
Total accrued expenses	$	9,687	$	8,741

Intangible Assets and Goodwill - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 30, 2023
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	$ 188,960	$ 191,646
Total definite-lived intangible assets, Accumulated Amortization	(149,173)	(140,055)
Total	39,787	51,591
Indefinite-lived intangible assets, Net Carrying Amount	430	430
Total Intangible assets, Gross Carrying Amount	189,390	192,076
Total Intangible assets, Net Carrying Amount	40,217	52,021
Customer Relationships
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	89,980	89,980
Total definite-lived intangible assets, Accumulated Amortization	(78,877)	(74,035)
Total	11,103	15,945
Developed Software and Technology
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	27,762	31,022
Total definite-lived intangible assets, Accumulated Amortization	(20,250)	(21,978)
Total	7,512	9,044
Patents, Trademarks, and Trade Names
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	69,497	68,943
Total definite-lived intangible assets, Accumulated Amortization	(50,046)	(44,042)
Total	19,451	24,901
Definite-lived Intangible Assets Excluding Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	187,239	189,945
Total definite-lived intangible assets, Accumulated Amortization	(149,173)	(140,055)
Total	38,066	49,890
Patents and Software in Development
Intangible Assets Excluding Goodwill [Line Items]
Total definite-lived intangible assets, Gross Carrying Amount	1,721	1,701
Total	$ 1,721	$ 1,701

Fair Value Measurement

12 Months Ended

Apr. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurement

10. Fair Value Measurement

We follow the provisions of ASC 820-10, Fair Value Measurements and Disclosures Topic, or ASC 820-10, for our financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value under GAAP and requires expanded disclosures regarding fair value measurements. ASC 820-10 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value.

Financial assets and liabilities recorded on the accompanying consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows:

Level 1 — Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that we have the ability to access at the measurement date (examples include active exchange-traded equity securities, listed derivatives, and most U.S. Government and agency securities).

Our cash and cash equivalents, which are measured at fair value on a recurring basis, totaled $29.7 million as of April 30, 2024 and $22.0 million as of April 30, 2023 which would be the maximum amount of loss subject to credit risk. Cash and cash equivalents are reported at fair value based on market prices for identical assets in active markets, and therefore classified as Level 1 of the value hierarchy.

Level 2 — Financial assets and liabilities whose values are based on quoted prices in markets in which trading occurs infrequently or whose values are based on quoted prices of instruments with similar attributes in active markets. Level 2 inputs include the following:

•

quoted prices for identical or similar assets or liabilities in non-active markets (such as corporate and municipal bonds which trade infrequently);

•

inputs other than quoted prices that are observable for substantially the full term of the asset or liability (such as interest rate and currency swaps); and

•

inputs that are derived principally from or corroborated by observable market data for substantially the full term of the asset or liability (such as certain securities and derivatives).

Level 3 — Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect our assumptions about the assumptions a market participant would use in pricing the asset or liability.

We do not have any Level 3 financial assets or liabilities as of April 30, 2024 and 2023.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Property, Plant, and Equipment

12 Months Ended

Apr. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

6. Property, Plant, and Equipment

The following table summarizes property, plant, and equipment as of April 30, 2024 and 2023 (in thousands):


	April 30, 2024			April 30, 2023
Machinery and equipment	$	20,852		$	17,678
Computer and other equipment		1,988			1,865
Leasehold improvements		762			316
		23,602			19,859
Less: Accumulated depreciation and amortization		(13,599	)		(11,229	)
		10,003			8,630
Construction in progress		1,035			858
Total property, plant, and equipment, net	$	11,038		$	9,488

Depreciation expense for the fiscal years ended April 30, 2024, 2023, and 2022 was $3.0 million, $2.7 million, and $2.3 million, respectively.


	For the Years Ended April 30,
	2024		2023		2022
Cost of sales	$	1,313	$	1,429	$	1,299
Research and development		615		415		203
Selling, marketing, and distribution		836		362		510
General and administrative (a)		13,337		14,305		14,955
Total depreciation and amortization	$	16,101	$	16,511	$	16,967

(a)

Equity - Summary of Activity for Unvested RSUs and PSUs (Details) - 2020 Incentive Compensation Plan - Service-based RSUs and PSUs - $ / shares	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs and PSUs outstanding, beginning of period, Total # of restricted stock units	560,579	349,774	427,519
Awarded, Total # of restricted stock units	396,098	371,153	114,860
Vested, Total # of restricted stock units	(212,636)	(145,958)	(127,111)
Forfeited, Total # of restricted stock units	(119,948)	(14,390)	(65,494)
RSUs and PSUs outstanding, end of period, Total # of restricted stock units	624,093	560,579	349,774
Weighted average grant date fair value, beginning of period	$ 13.36	$ 15.93	$ 11.67
Weighted average grant date fair value, Awarded	8.69	10.68	26.92
Weighted average grant date fair value, Vested	11.31	12.62	11.57
Weighted average grant date fair value, Forfeited	12.46	14.2	15.86
Weighted average grant date fair value, end of period	$ 11.27	$ 13.36	$ 15.93

Equity (Tables)

12 Months Ended

Apr. 30, 2024

Share Based Payment Award Performance Shares Valuation Assumptions

We incorporate the following variables into the valuation model:


	For the years ended April 30,
	2024			2023			2022
Grant date fair market value
American Outdoor Brands, Inc.	$	8.79		$	12.70		$	26.44
Russell 2000 Index	$	1,769.21		$	1,882.91		$	2,277.45
Volatility (a)
American Outdoor Brands, Inc.		45.53	%		49.04	%		47.78	%
Russell 2000 Index		27.08	%		31.75	%		30.69	%
Correlation coefficient (b)		0.48			0.50			0.46
Risk-free interest rate (c)		3.81	%		2.91	%		0.33	%
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 Assumptions Used In Valuing ESPP Purchase Under ESPP

The following assumptions were used in valuing ESPP purchases under our ESPP during the years ended April 30, 2024, 2023, and 2022:


	For the years ended April 30,
	2024			2023			2022
Risk-free interest rate	5.46% - 5.53%			3.97% - 4.01%			0.05% - 0.09%
Expected term	6 months - 12 months			6 months - 12 months			6 months - 12 months
Expected volatility	43.2% - 48.9%			51.9% - 58.4%			54.7% - 56.7%
Dividend yield		0	%		0	%		0	%

RSUs and PSUs | 2020 Incentive Compensation Plan

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, 2024, 2023, and 2022 is as follows:


	For the years ended April 30,
	2024					2023					2022
				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		560,579		$	13.36		349,774		$	15.93		427,519		$	11.67
Awarded		396,098			8.69		371,153			10.68		114,860			26.92
Vested		(212,636	)		11.31		(145,958	)		12.62		(127,111	)		11.57
Forfeited		(119,948	)		12.46		(14,390	)		14.20		(65,494	)		15.86
RSUs and PSUs outstanding, end of period		624,093		$	11.27		560,579		$	13.36		349,774		$	15.93

Property, Plant, and Equipment - Summary of Depreciation and Amortization Expense (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Apr. 30, 2022
Property, Plant and Equipment [Line Items]
Amortization expenses recorded as a result of acquisition	$ 13.1	$ 13.7	$ 14.5
General and Administrative
Property, Plant and Equipment [Line Items]
Amortization expenses recorded as a result of acquisition	$ 12.8	$ 13.6	$ 14.4

Leases

12 Months Ended

Apr. 30, 2024

Leases [Abstract]

Leases

4. Leases

We lease real estate, as well as other equipment, under non-cancelable operating lease agreements. We recognize expenses under our operating lease assets and liabilities at the commencement date based on the present value of lease payments over the lease terms. Our leases do not provide an implicit interest rate. We use our incremental borrowing rate consistent with our revolving line of credit and based on the information available at the lease commencement date in determining the discount rate for the present value of lease payments. Our lease agreements do not require material variable lease payments, residual value guarantees, or restrictive covenants. For operating leases, we recognize expense on a straight-line basis over the lease term. We record tenant improvement allowances as an offsetting adjustment included in our calculation of the respective right-of-use asset.

Many of our leases include renewal options that can extend the lease term. These renewal options are at our sole discretion and are reflected in the lease term when they are reasonably certain to be exercised. The depreciable life of assets and leasehold improvements are limited by the expected lease term.

The amounts of assets and liabilities related to our operating leases as of April 30, 2024 and 2023 are as follows (in thousands):


	April 30, 2024			April 30, 2023
Operating Leases
Right-of-use assets	$	37,540		$	26,999
Accumulated amortization		(3,976	)		(2,801	)
Right-of-use assets, net	$	33,564		$	24,198

Lease liabilities, current portion	$	1,331		$	904
Lease liabilities, net of current portion		33,289			24,064
Total operating lease liabilities	$	34,620		$	24,968

During the fiscal year ended April 30, 2024, we recorded $3.6 million of operating lease costs, of which $22,000 related to short-term leases. During the fiscal year ended April 30, 2023, we recorded $4.0 million of operating lease costs, of which $132,000 related to short-term leases. During the fiscal year ended April 30, 2022, we recorded $3.9 million of operating lease costs, of which $218,000 related to short-term leases. As of April 30, 2024, our weighted average lease term and weighted average discount rate for our operating leases was 14.6 years and 6.0%, respectively. As of April 30, 2023, our weighted average lease term and weighted average discount rate for our operating leases was 15.6 years and 5.4%, respectively. The operating lease costs, weighted average lease term, and weighted average discount rate are primarily driven by the sublease of our corporate office and warehouse facility in Columbia, Missouri through fiscal 2039.

During the fiscal year ended April 30, 2023, we amended the existing operating lease for our corporate office and warehouse facility in Columbia, Missouri to expand our usable square footage in our warehouse. The term of the lease remains unchanged, through fiscal 2039. During the fiscal year ended April 30, 2023, we recorded a right-of-use asset and lease liability of $1.9 million.

During the fiscal year ended April 30, 2024, we entered an Assignment Agreement to assign us the rights to the entire building and surrounding property at our corporate office and warehouse facility in Columbia, Missouri. The assignment was effective on January 1, 2024. The operating lease covers approximately 632,000 square feet, where we formerly subleased approximately 361,000 square feet. The lease provides us with an option to expand the building by up to 491,000 additional square feet. The terms of the lease are consistent with the terms of our former sublease agreement prior to the Assignment Agreement. The lease term ends on November 26, 2038 and, pursuant to the Assignment Agreement, does not provide for an extension of the term of the lease. We will receive tax and other incentives from federal, state, and local governmental authorities. The former sublessor will guarantee the lease through the end of the term. During fiscal year ended April 30, 2024, we recorded a right-of-use asset and lease liability of $10.6 million for the additional space provided under the Assignment Agreement.

Future lease payments for all our operating leases as of April 30, 2024, and for succeeding fiscal years, are as follows (in thousands):


	Operating
2025	$	3,372
2026		3,270
2027		3,299
2028		3,348
Thereafter		39,322
Total future lease payments		52,611
Less amounts representing interest		(17,991	)
Present value of lease payments		34,620
Less current maturities of lease liabilities		(1,331	)
Long-term maturities of lease liabilities	$	33,289

During the fiscal year ended April 30, 2024, the cash paid for amounts included in the measurement of the liabilities was $1.0 million and included in our operating cash flows. During the fiscal year ended April 30, 2023, the cash paid for amounts included in the measurement of the liabilities was $1.9 million and included in our operating cash flows.

Property, Plant, and Equipment - Summary of Depreciation and Amortization Expense (Detail) - USD ($)
$ in Thousands

12 Months Ended

Apr. 30, 2024

Apr. 30, 2023

Apr. 30, 2022

Property, Plant and Equipment [Line Items]

Depreciation and amortization

$ 16,101

$ 16,511

$ 16,967

Cost of Sales

Property, Plant and Equipment [Line Items]

Depreciation and amortization

1,313

1,429

1,299

Research and Development

Property, Plant and Equipment [Line Items]

Depreciation and amortization

615

415

203

Selling, Marketing, and Distribution Expenses

Property, Plant and Equipment [Line Items]

Depreciation and amortization

836

362

510

General and Administrative

Property, Plant and Equipment [Line Items]

Depreciation and amortization

^[1]

$ 13,337

$ 14,305

$ 14,955

[1]	General and administrative expenses included $12.8 million, $13.6 million, and $14.4 million of amortization for the fiscal years ended April 30, 2024, 2023, and 2022, respectively, which were recorded as a result of our acquisitions.

Debt

12 Months Ended

Apr. 30, 2024

Debt Disclosure [Abstract]

Debt

9. Debt

On August 24, 2020, we entered into a financing arrangement consisting of a $50.0 million revolving line of credit secured by substantially all our assets, maturing five years from the closing date, with available borrowings determined by a borrowing base calculation. The revolving line included an option to increase the credit commitment by an additional $15 million.

On March 25, 2022, we amended our secured loan and security agreement, or the Amended Loan and Security Agreement, increasing the revolving line of credit to $75 million, secured by substantially all our assets, maturing in March 2027, with available borrowings determined by a borrowing base calculation. The amendment also includes an option to increase the credit commitment by an additional $15 million. The amended revolving line bears interest at a fluctuating rate equal to the Base Rate or Secured Overnight Financing Rate, or SOFR, as applicable, plus the applicable margin. The applicable margin can range from a minimum of 0.25% to a maximum of 1.75% based on certain conditions as defined in the Amended Loan and Security Agreement. The financing arrangement contains covenants relating to minimum debt service coverage.

As of April 30, 2024, we had no borrowings outstanding on the revolving line of credit. If we would have had borrowings on the revolving line of credit, the interest rate would have been 5.34% at April 30, 2024, equal to SOFR plus the applicable margin. As of April 30, 2023, we had $5.0 million of borrowings outstanding on the revolving line of credit, which bore interest at 6.05%, equal to SOFR plus the applicable margin. During the year ended April 30, 2024, we paid the outstanding balance on the revolving line of credit.

As of April 30, 2024 and 2023, we had executed irrevocable standby letters of credit totaling $3.3 and $1.7 million, respectively, to collateralize duty drawback bonds. During the fiscal years ended April 30, 2024 and 2023, no amounts have been drawn on the letter of credit.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details