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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2016
Income Statement [Abstract]      
Net sales [1] $ 606,850 $ 903,188 $ 722,908
Cost of sales [1] 411,098 527,916 429,096
Gross profit [1] 195,752 375,272 293,812
Operating expenses:      
Research and development 11,361 10,238 10,005
Selling and marketing 55,805 49,338 42,257
General and administrative 101,538 115,757 82,907
Total operating expenses 168,704 175,333 135,169
Operating income [1] 27,048 199,939 158,643
Other (expense)/income, net:      
Other (expense)/income, net 1,737 (52) (22)
Interest expense, net (11,168) (8,581) (13,528)
Total other (expense)/income, net (9,431) (8,633) (13,550)
Income from operations before income taxes 17,617 191,306 145,093
Income tax (benefit)/expense [1] (2,511) [2] 63,452 51,135
Net income 20,128 127,854 93,958
Comprehensive income/(loss):      
Change in unrealized income/(loss) on interest rate swap 1,531 1,860 (1,289)
Other comprehensive income/(loss), before income taxes 1,531 1,860 (1,289)
Income tax (expense)/benefit on other comprehensive income/(loss) (424) (676) 468
Other comprehensive income/(loss), net of tax 1,107 1,184 (821)
Comprehensive income/(loss): $ 21,235 $ 129,038 $ 93,137
Net income per share:      
Basic $ 0.37 [3] $ 2.29 [3] $ 1.72
Diluted $ 0.37 [3] $ 2.25 [3] $ 1.68
Weighted average number of common shares outstanding:      
Basic 54,061 55,930 54,765
Diluted 54,834 56,891 55,965
[1] For the years ended April 30, 2018, 2017, and 2016, we allocated all of corporate overhead expenses except for interest and income taxes, such as general and administrative expenses and other corporate-level expenses, to both our Firearms and Outdoor Products & Accessories segments.
[2] Amounts include an income tax benefit of approximately $8.7 million, primarily caused by the effect of Tax Reform, which resulted in the remeasurement of deferred tax assets and liabilities at lower enacted corporate federal tax rates.
[3] Basic and diluted earnings per share may not equal the sum of the quarterly basic and diluted earnings per share due to rounding.