Discontinued Operations (Tables)

6 Months Ended

Oct. 31, 2020

Discontinued Operations And Disposal Groups [Abstract]

Summary of Results of Discontinued Operations

The following table summarizes the major line items for the outdoor products and accessories business that are included in income/(loss) from discontinued operations, net of tax, in the condensed consolidation statements of income/(loss) and comprehensive income/(loss):

	For the Three Months Ended October 31,				For the Six Months Ended October 31,
	2020		2019		2020		2019
	(In thousands)
Net revenues	$	13,168	$	40,670	$	61,249	$	68,899
Cost of sales		3,409		22,678		27,147		38,639
Operating expenses		5,825		16,681		23,458		34,753
Interest income, net		—		8		—		21
Other income/(expense), net		34		2		118		—
Income/(loss) from discontinued operations before    income taxes	$	3,968	$	1,321	$	10,762	$	(4,472	)
Income tax (benefit)/expense		845		371		2,553		(1,129	)
Income/(loss) from discontinued operations, net of tax	$	3,123	$	950	$	8,209	$	(3,343	)

The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented:

	As of:
	October 31, 2020		April 30, 2020
	(In thousands)
Cash and cash equivalents	$	—	$	387
Accounts receivable, net	—			32,554
Inventories	—			60,450
Prepaid expenses and other current assets	—			1,282
Property, plant, and equipment, net	—			9,678
Intangible assets, net	—			69,379
Goodwill	—			64,581
Deferred income taxes	—			2,950
Other assets	—			1,897
Total assets of discontinued operations	$	—	$	243,158
Current liabilities	$	—	$	17,372
Other non-current liabilities		—		2,299
Total liabilities of discontinued operations	$	—	$	19,671