Stock-Based Compensation (Tables)

12 Months Ended

Apr. 30, 2021

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

Share Based Payment Award Performance Shares Valuation Assumptions

We incorporate the following variables into the valuation model:

	For the Year Ended April 30,
	2021
Grant date fair market value
American Outdoor Brands, Inc.	$	13.30
Russell 2000 Index	$	1,504.59
Volatility (a)
American Outdoor Brands, Inc.		47.54	%
Russell 2000 Index		27.70	%
Correlation coefficient (b)		0.48
Risk-free interest rate (c)		0.17	%
Dividend yield (d)		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 year ended April 30, 2021:

	For the Year Ended April 30,
	2021
Risk-free interest rate	0.04% - 0.10%
Expected term	6 months - 12 months
Expected volatility	52.4% - 60.6%
Dividend yield		0	%

2020 Incentive Compensation Plan | Service-based RSUs and PSUs

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

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 year ended April 30, 2021 is as follows:

	For the Year Ended April 30,
	2021
				Weighted
	Total # of			Average
	Restricted			Grant Date
	Stock Units			Fair Value
RSUs and PSUs outstanding, beginning of period	—			—
Shares granted as a result of conversion and employee transition		237,587			9.23
Awarded		244,364			14.10
Vested		(51,438	)		11.89
Forfeited		(2,994	)		11.82
RSUs and PSUs outstanding, end of period		427,519		$	11.67