$SWBI
SMITH & WESSON BRANDS, INC.

2022 Q1 Form 10-Q Financial Statement

#000095017022002804 Filed on March 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $177.7M $230.5M $257.6M
YoY Change -31.01% -7.34% 54.55%
Cost Of Revenue $107.3M $128.5M $148.0M
YoY Change -27.45% -12.98% 61.35%
Gross Profit $70.40M $102.0M $109.7M
YoY Change -35.81% 0.91% 98.68%
Gross Profit Margin 39.61% 44.25% 42.57%
Selling, General & Admin $28.96M $34.86M $27.54M
YoY Change 5.16% 0.06% 9.73%
% of Gross Profit 41.14% 34.18% 25.11%
Research & Development $1.716M $1.744M $1.757M
YoY Change -2.33% -5.98% -44.96%
% of Gross Profit 2.44% 1.71% 1.6%
Depreciation & Amortization $7.203M $7.744M $7.000M
YoY Change 2.9% 84.38% -10.26%
% of Gross Profit 10.23% 7.59% 6.38%
Operating Expenses $30.68M $36.60M $29.30M
YoY Change 4.71% -0.25% 817.86%
Operating Profit $39.72M $65.39M $80.38M
YoY Change -50.58% 1.57% 54.55%
Interest Expense -$594.0K -$466.0K -$550.0K
YoY Change 8.0% -68.72% -81.03%
% of Operating Profit -1.5% -0.71% -0.68%
Other Income/Expense, Net $157.0K $367.0K $402.0K
YoY Change -60.95% -146.05%
Pretax Income $39.88M $65.76M $80.78M
YoY Change -50.63% 3.42% 1269.2%
Income Tax $9.337M $14.82M $18.52M
% Of Pretax Income 23.41% 22.54% 22.93%
Net Earnings $30.54M $50.94M $62.39M
YoY Change -51.05% -2.5% 988.64%
Net Earnings / Revenue 17.18% 22.1% 24.22%
Basic Earnings Per Share $0.65 $1.06 $1.13
Diluted Earnings Per Share $0.65 $1.05 $1.12
COMMON SHARES
Basic Shares Outstanding 46.76M 48.15M 55.14M
Diluted Shares Outstanding 47.18M 48.69M 55.70M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.3M $159.4M $59.70M
YoY Change 79.68% 187.19% 29.5%
Cash & Equivalents $107.3M $159.4M $59.68M
Short-Term Investments
Other Short-Term Assets $7.521M $8.321M $8.600M
YoY Change -12.55% 9.49% -10.42%
Inventory $134.3M $120.3M $84.40M
Prepaid Expenses
Receivables $49.39M $44.23M $61.60M
Other Receivables $2.233M $1.717M $9.200M
Total Short-Term Assets $300.7M $333.9M $223.5M
YoY Change 34.53% 55.03% -38.57%
LONG-TERM ASSETS
Property, Plant & Equipment $138.4M $141.0M $150.5M
YoY Change -8.02% -7.91% -8.42%
Goodwill $19.02M $19.02M $19.00M
YoY Change 0.13% -89.58%
Intangibles $4.257M $4.322M
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.81M $10.97M $8.400M
YoY Change 28.67% 19.2% -12.5%
Total Long-Term Assets $168.6M $171.2M $182.4M
YoY Change -7.55% -7.78% -58.95%
TOTAL ASSETS
Total Short-Term Assets $300.7M $333.9M $223.5M
Total Long-Term Assets $168.6M $171.2M $182.4M
Total Assets $469.3M $505.2M $405.9M
YoY Change 15.62% 25.95% -49.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.06M $49.07M $49.20M
YoY Change -26.71% -19.56% 54.72%
Accrued Expenses $47.27M $40.29M $50.00M
YoY Change -5.45% -6.31% 1.21%
Deferred Revenue $182.0K $675.0K $5.048M
YoY Change -96.39% -89.74% -28.93%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.131M $1.116M $1.100M
YoY Change 2.82% 11.6% 10.0%
Total Short-Term Liabilities $93.04M $103.7M $116.4M
YoY Change -20.07% -17.08% 22.1%
LONG-TERM LIABILITIES
Long-Term Debt $37.93M $38.23M $39.10M
YoY Change -2.99% -2.73% -83.65%
Other Long-Term Liabilities $11.12M $14.00M $11.90M
YoY Change -6.57% 50.53% -11.73%
Total Long-Term Liabilities $11.12M $14.00M $51.00M
YoY Change -78.2% -71.2% 278.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $93.04M $103.7M $116.4M
Total Long-Term Liabilities $11.12M $14.00M $51.00M
Total Liabilities $143.0M $156.9M $168.1M
YoY Change -14.93% -9.95% -53.0%
SHAREHOLDERS EQUITY
Retained Earnings $472.1M $445.3M
YoY Change
Common Stock $276.5M $275.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $422.4M $372.4M
YoY Change
Treasury Stock Shares $29.04M $26.25M
Shareholders Equity $326.3M $348.3M $237.7M
YoY Change
Total Liabilities & Shareholders Equity $469.3M $505.2M $405.9M
YoY Change 15.62% 25.95% -49.77%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $30.54M $50.94M $62.39M
YoY Change -51.05% -2.5% 988.64%
Depreciation, Depletion And Amortization $7.203M $7.744M $7.000M
YoY Change 2.9% 84.38% -10.26%
Cash From Operating Activities $6.911M -$3.723M $60.40M
YoY Change -88.56% -107.1% 498.02%
INVESTING ACTIVITIES
Capital Expenditures -$5.039M -$4.431M -$3.600M
YoY Change 39.97% -42.45% 56.52%
Acquisitions
YoY Change
Other Investing Activities $27.00K $0.00 $300.0K
YoY Change -91.0% -100.0% -142.86%
Cash From Investing Activities -$5.012M -$4.431M -$3.200M
YoY Change 56.63% -50.21% 10.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -54.02M -3.868M -53.00M
YoY Change 1.93% -92.69% 1104.55%
NET CHANGE
Cash From Operating Activities 6.911M -3.723M 60.40M
Cash From Investing Activities -5.012M -4.431M -3.200M
Cash From Financing Activities -54.02M -3.868M -53.00M
Net Change In Cash -52.12M -12.02M 4.200M
YoY Change -1341.02% 27.89% 50.0%
FREE CASH FLOW
Cash From Operating Activities $6.911M -$3.723M $60.40M
Capital Expenditures -$5.039M -$4.431M -$3.600M
Free Cash Flow $11.95M $708.0K $64.00M
YoY Change -81.33% -98.82% 416.13%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#FinanceLeaseLiabilityNoncurrent
CY2022Q1 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-30
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2022Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrent
CY2022Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://www.aob.com/20220131#AccruedExpensesAndDeferredRevenueCurrent
dei Entity Central Index Key
EntityCentralIndexKey
0001092796
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
dei Amendment Flag
AmendmentFlag
false
CY2022Q1 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://www.aob.com/20220131#AccruedExpensesAndDeferredRevenueCurrent
us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-06-30
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Transition Report
DocumentTransitionReport
false
dei Document Period End Date
DocumentPeriodEndDate
2022-01-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Entity File Number
EntityFileNumber
001-31552
dei Entity Registrant Name
EntityRegistrantName
Smith & Wesson Brands, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
87-0543688
dei Entity Address Address Line1
EntityAddressAddressLine1
2100 Roosevelt Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Springfield
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
01104
dei City Area Code
CityAreaCode
800
dei Local Phone Number
LocalPhoneNumber
331-0852
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
SWBI
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
45510515
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107268000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113017000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
107000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
49386000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
67442000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4257000
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4417000
CY2022Q1 us-gaap Goodwill
Goodwill
19024000
CY2021Q2 us-gaap Goodwill
Goodwill
19024000
CY2022Q1 swbi Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
26857000
CY2022Q1 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
134268000
CY2021Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
78477000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7521000
CY2021Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8408000
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2233000
CY2021Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
909000
CY2022Q1 us-gaap Assets Current
AssetsCurrent
300676000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
268253000
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
134540000
CY2021Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
141612000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
10808000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13082000
CY2022Q1 us-gaap Assets
Assets
469305000
CY2021Q2 us-gaap Assets
Assets
446388000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
36060000
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
57337000
CY2021Q2 swbi Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
33136000
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
16223000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17381000
CY2022Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
362000
CY2021Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1157000
CY2022Q1 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
11502000
CY2021Q2 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
14445000
CY2022Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2040000
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2199000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
93044000
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
125655000
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
904000
CY2021Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
904000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
37930000
CY2021Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
38786000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11118000
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
14659000
CY2022Q1 us-gaap Liabilities
Liabilities
142996000
CY2021Q2 us-gaap Liabilities
Liabilities
180004000
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
45510515
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
74222127
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49937329
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
75000
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
74000
CY2022Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
276389000
CY2021Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
273431000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
472147000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
325181000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
73000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
73000
CY2021Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2021Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
74550885
CY2022Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
29040370
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
24284798
CY2022Q1 us-gaap Treasury Stock Value
TreasuryStockValue
422375000
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
332375000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
326309000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
266384000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
469305000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
446388000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
177738000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
257634000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
682826000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
736247000
CY2022Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
107339000
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
147955000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
380490000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
433073000
CY2022Q1 us-gaap Gross Profit
GrossProfit
70399000
CY2021Q1 us-gaap Gross Profit
GrossProfit
109679000
us-gaap Gross Profit
GrossProfit
302336000
us-gaap Gross Profit
GrossProfit
303174000
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1716000
CY2021Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1757000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5269000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5518000
CY2022Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11518000
CY2021Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10487000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
33575000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
32095000
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17443000
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17054000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58491000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
62061000
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
30677000
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
29298000
us-gaap Operating Expenses
OperatingExpenses
97335000
us-gaap Operating Expenses
OperatingExpenses
99674000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
39722000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
80381000
us-gaap Operating Income Loss
OperatingIncomeLoss
205001000
us-gaap Operating Income Loss
OperatingIncomeLoss
203500000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
751000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
952000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2244000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1711000
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-594000
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-550000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1605000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-3356000
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
157000
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
402000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
639000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1645000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
39879000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
80783000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
205640000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
201855000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9337000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18520000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47281000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47176000
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
30542000
CY2021Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
62263000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
158359000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
154679000
CY2021Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
127000
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
8334000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
30542000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
62390000
us-gaap Net Income Loss
NetIncomeLoss
158359000
us-gaap Net Income Loss
NetIncomeLoss
163013000
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.65
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.13
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.32
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.79
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.94
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.65
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.12
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.75
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.90
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46763000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55137000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47769000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55515000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47175000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55702000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48307000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56258000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
226878000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1317000
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
28000
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000
CY2021Q1 us-gaap Dividends
Dividends
2799000
CY2021Q1 swbi Adjustments To Additional Paid In Capital Spin Off Of Outdoor Products And Accessories
AdjustmentsToAdditionalPaidInCapitalSpinOffOfOutdoorProductsAndAccessories
-69000
CY2021Q1 swbi Other
Other
-2000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
62390000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
237709000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
387118000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1540000
swbi Adjustments To Additional Paid In Capital Share Based Compensation Continuing Operations Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationContinuingOperationsRequisiteServicePeriodRecognitionValue
3392000
swbi Adjustments To Additional Paid In Capital Share Based Compensation Discontinued Operations Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDiscontinuedOperationsRequisiteServicePeriodRecognitionValue
184000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
677000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2201000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000
us-gaap Dividends
Dividends
5594000
swbi Adjustments To Additional Paid In Capital Spin Off Of Outdoor Products And Accessories
AdjustmentsToAdditionalPaidInCapitalSpinOffOfOutdoorProductsAndAccessories
-260420000
us-gaap Net Income Loss
NetIncomeLoss
163013000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
237709000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
348308000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1199000
CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
15000
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
54000
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000
CY2022Q1 us-gaap Dividends
Dividends
3701000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
30542000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
326309000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
266384000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3565000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
846000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1452000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
90000000
us-gaap Dividends
Dividends
11393000
us-gaap Net Income Loss
NetIncomeLoss
158359000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
326309000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
158359000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
154679000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
22413000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
24133000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-31000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-148000
swbi Provision For Or Recoveries Of Doubtful Accounts
ProvisionForOrRecoveriesOfDoubtfulAccounts
678000
swbi Provision For Or Recoveries Of Doubtful Accounts
ProvisionForOrRecoveriesOfDoubtfulAccounts
-693000
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
86000
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
316000
us-gaap Share Based Compensation
ShareBasedCompensation
3565000
us-gaap Share Based Compensation
ShareBasedCompensation
3392000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17378000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
55791000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-19295000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-887000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1018000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2119000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
12831000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-21209000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17299000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
-1158000
us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
2040000
swbi Increase Decrease In Deferred Profit Sharing
IncreaseDecreaseInDeferredProfitSharing
-2943000
swbi Increase Decrease In Deferred Profit Sharing
IncreaseDecreaseInDeferredProfitSharing
8663000
swbi Increase Decrease In Accrued Liabilities And Deferred Revenue
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue
-6322000
swbi Increase Decrease In Accrued Liabilities And Deferred Revenue
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue
-19950000
swbi Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
-159000
swbi Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
421000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2188000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1226000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-3609000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1309000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
112275000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
198437000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-2129000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
112275000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
196308000
swbi Proceeds From Refunds On Machinery And Equipment
ProceedsFromRefundsOnMachineryAndEquipment
0
swbi Proceeds From Refunds On Machinery And Equipment
ProceedsFromRefundsOnMachineryAndEquipment
310000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
218000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
502000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
97000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15090000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18378000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-15211000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-18570000
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-1143000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15211000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19713000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
25000000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
450000
swbi Repayments Of Long Term On Finance Lease Obligation
RepaymentsOfLongTermOnFinanceLeaseObligation
813000
swbi Repayments Of Long Term On Finance Lease Obligation
RepaymentsOfLongTermOnFinanceLeaseObligation
736000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
185000000
swbi Distribution To Discontinued Operations
DistributionToDiscontinuedOperations
0
swbi Distribution To Discontinued Operations
DistributionToDiscontinuedOperations
25000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
90000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50000000
us-gaap Payments Of Dividends
PaymentsOfDividends
11393000
us-gaap Payments Of Dividends
PaymentsOfDividends
5594000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
846000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2217000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1453000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2201000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-102813000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-241764000
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-166000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-102813000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-241930000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5749000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-65335000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
113017000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
125011000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
107268000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
59676000
us-gaap Interest Paid Net
InterestPaidNet
1670000
us-gaap Interest Paid Net
InterestPaidNet
2745000
us-gaap Income Taxes Paid
IncomeTaxesPaid
49402000
us-gaap Income Taxes Paid
IncomeTaxesPaid
63525000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
679000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
817000
swbi Machinery And Equipment On Deposit Placed Into Service
MachineryAndEquipmentOnDepositPlacedIntoService
0
swbi Machinery And Equipment On Deposit Placed Into Service
MachineryAndEquipmentOnDepositPlacedIntoService
1855000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">(1) Organization:</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">We are one of the world’s leading manufacturers and designers of firearms. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and muzzleloaders), handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. We sell our products under the Smith &amp; Wesson, M&amp;P, Thompson/Center Arms, and Gemtech brands. We manufacture our products at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. We also sell our manufacturing services to other businesses to level-load our factories. We sell those services under our Smith &amp; Wesson and Smith &amp; Wesson Precision Components brands. We plan to move our headquarters and certain of our manufacturing operations to a new facility being constructed in Maryville, Tennessee. See Note 10 — </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Commitments and Contingencies</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, for more information regarding such plan to move.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:8.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">On May 3, 2021, we announced our intent to divest our Thompson/Center Arms brand. As of January 31, 2022, we continue to evaluate our options to sell this brand. We believe our sale of the brand will not have a material impact on our financial statements or results of our operations.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span> </p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">On November 13, 2019, we announced that we were proceeding with a plan to spin-off our outdoor products and accessories business and create an independent publicly traded company to conduct that business, or the Separation. On August 24, 2020, or the Distribution Date, we completed the Separation. See also Note 3 — </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Discontinued Operations</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, for more information.</span></p>
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">(2) Basis of Presentation:</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;"> </span></p><div style="font-size:10.0pt;font-family:Times New Roman;"><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Interim Financial Information –</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> The condensed consolidated balance sheet as of January 31, 2022, the condensed consolidated statements of income for the three and nine months ended January 31, 2022 and 2021, the condensed consolidated statements of changes in stockholders’ equity for the three and nine months ended January 31, 2022 and 2021, and the condensed consolidated statements of cash flows for the nine months ended January 31, 2022 and 2021 have been prepared by us without audit. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in stockholders’ equity, and cash flows for the three and nine months ended January 31, 2022 and for the periods presented, have been included. All intercompany transactions have been eliminated in consolidation. The consolidated balance sheet as of April 30, 2021 has been derived from our audited consolidated financial statements.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> </span></p></div><p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Fiscal 2021 Form 10-K. The results of operations for the three and nine months ended</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:9.0pt;font-family:Times New Roman;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">January 31, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:8.0pt;font-family:Times New Roman;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">may</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:9.0pt;font-family:Times New Roman;"> </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">not be indicative of the results that may be expected for the fiscal year ending April 30, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">, or any other period.</span></span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:12.0pt;font-family:Times New Roman;"> </span></p><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update, or ASU, No. 2019-12, "</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Income Taxes</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;"> (Topic 740): Simplifying the Accounting for Income Taxes," an update that amends and simplifies the accounting for income taxes by removing certain exceptions in the existing guidance and providing new guidance to reduce complexity in certain areas. The guidance went into effect at the start of this fiscal year ending April 30, 2022 with early adoption permitted. We have reviewed the amendments in this update and determined that there were no material changes or impacts on our condensed consolidated financial statements.</span></span><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"/>
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
one share of AOUT common stock for every four shares of our common
us-gaap Business Exit Costs1
BusinessExitCosts1
8400000
CY2022Q1 swbi Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
7181000
CY2022Q1 swbi Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
3291000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3890000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1476000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2685000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4161000
CY2022Q1 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
40986000
CY2022Q1 swbi Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
5808000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
35178000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1131000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
37930000
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
39061000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
434000
CY2022Q1 swbi Short Term Operating Lease Cost
ShortTermOperatingLeaseCost
35000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
525000
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
491000
us-gaap Operating Lease Cost
OperatingLeaseCost
1300000
swbi Short Term Operating Lease Cost
ShortTermOperatingLeaseCost
106000000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1600000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1500000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P16Y8M12D
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
471000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1897000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
1930000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
1964000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
1998000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
28547000
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
36807000
CY2022Q1 swbi Sublease Receipts Amounts Representing Interest
SubleaseReceiptsAmountsRepresentingInterest
12408000
CY2022Q1 swbi Present Value Of Sublease Receipts
PresentValueOfSubleaseReceipts
24399000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
416000
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
761000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1177000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1675000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3071000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
4746000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1617000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3125000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
4742000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
324000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3180000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
3504000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
301000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3235000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
3536000
CY2022Q1 swbi Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
397000
CY2022Q1 swbi Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
45548000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
45945000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4730000
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
58920000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
63650000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
569000
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
19859000
CY2022Q1 swbi Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
20428000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4161000
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
39061000
CY2022Q1 swbi Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
43222000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1476000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1131000
CY2022Q1 swbi Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
2607000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2685000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
37930000
CY2022Q1 swbi Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
40615000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1100000
us-gaap Operating Lease Payments
OperatingLeasePayments
3300000
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
50243000
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21528000
CY2022Q1 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
64697000
CY2021Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
41738000
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7717000
CY2021Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7918000
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11611000
CY2021Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
7293000
CY2022Q1 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
134268000
CY2021Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
78477000
CY2022Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
8035000
CY2021Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
12210000
CY2022Q1 swbi Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
4014000
CY2021Q2 swbi Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
2414000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3824000
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3451000
CY2022Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3697000
CY2021Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
4780000
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2291000
CY2021Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2804000
CY2022Q1 swbi Accrued Rebates And Promotions Current
AccruedRebatesAndPromotionsCurrent
2207000
CY2021Q2 swbi Accrued Rebates And Promotions Current
AccruedRebatesAndPromotionsCurrent
2174000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1476000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1309000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1131000
CY2021Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1087000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
182000
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2907000
CY2022Q1 swbi Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
26857000
CY2021Q2 swbi Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
33136000
CY2022Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
30542000
CY2021Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
62263000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
158359000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
154679000
CY2021Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
127000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
8334000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
30542000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
62390000
us-gaap Net Income Loss
NetIncomeLoss
158359000
us-gaap Net Income Loss
NetIncomeLoss
163013000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46763000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55137000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47769000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55515000
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
412000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
565000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
538000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
743000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47175000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55702000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48307000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56258000
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.65
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.13
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.32
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.79
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.15
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.94
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.65
CY2021Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.12
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.75
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.15
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.90
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11739
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14994
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22720
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16724
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3600000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3400000
swbi Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
P3Y
swbi Number Of Product Liability Cases
NumberOfProductLiabilityCases
7
swbi Number Of Other Product Liability Claims
NumberOfOtherProductLiabilityClaims
4
us-gaap Dividends Payable Nature
DividendsPayableNature
regular quarterly dividend
CY2022Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.08
us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2022-03-17
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2022-03-31

Files In Submission

Name View Source Status
0000950170-22-002804-index-headers.html Edgar Link pending
0000950170-22-002804-index.html Edgar Link pending
0000950170-22-002804.txt Edgar Link pending
0000950170-22-002804-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
img124942335_0.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
swbi-20220131.htm Edgar Link pending
swbi-20220131.xsd Edgar Link pending
swbi-20220131_cal.xml Edgar Link unprocessable
swbi-20220131_def.xml Edgar Link unprocessable
swbi-20220131_htm.xml Edgar Link completed
swbi-20220131_lab.xml Edgar Link unprocessable
swbi-20220131_pre.xml Edgar Link unprocessable
swbi-ex31_1.htm Edgar Link pending
swbi-ex31_2.htm Edgar Link pending
swbi-ex32_1.htm Edgar Link pending
swbi-ex32_2.htm Edgar Link pending