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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

)