$SWBI
SMITH & WESSON BRANDS, INC.

2020 Q2 Form 10-K Financial Statement

#000156459020029954 Filed on June 19, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q4
Revenue $233.6M $166.7M $154.4M
YoY Change 32.95% 2.89% -4.52%
Cost Of Revenue $152.3M $91.70M $104.1M
YoY Change 35.5% -15.01% -1.17%
Gross Profit $81.34M $55.20M $50.31M
YoY Change 28.37% 2.12% -10.78%
Gross Profit Margin 34.81% 33.12% 32.58%
Selling, General & Admin $45.50M $25.10M $26.90M
YoY Change 2.02% -40.8% -35.65%
% of Gross Profit 55.94% 45.47% 53.47%
Research & Development $3.000M $3.192M $2.988M
YoY Change -14.29% -3.27% -8.09%
% of Gross Profit 3.69% 5.78% 5.94%
Depreciation & Amortization $29.80M $7.800M $2.200M
YoY Change 108.39% -42.65% -83.21%
% of Gross Profit 36.64% 14.13% 4.37%
Operating Expenses $48.40M $3.192M $45.42M
YoY Change 0.83% -94.31% 0.8%
Operating Profit $32.94M $52.01M $4.884M
YoY Change 114.41% -2658.34% -56.88%
Interest Expense -$2.700M -$2.900M -$3.039M
YoY Change 8.0% 13.81% 33.64%
% of Operating Profit -8.2% -5.58% -62.22%
Other Income/Expense, Net $0.00 $0.00 -$2.953M
YoY Change -100.0% 30.32%
Pretax Income -$68.40M $5.900M $1.931M
YoY Change -634.38% -231.11% -78.69%
Income Tax -$2.300M $1.700M $638.0K
% Of Pretax Income 28.81% 33.04%
Net Earnings -$66.15M $5.731M $1.293M
YoY Change -773.24% -200.1% -80.6%
Net Earnings / Revenue -28.31% 3.44% 0.84%
Basic Earnings Per Share -$1.19 $0.10 $0.02
Diluted Earnings Per Share -$1.19 $0.10 $0.02
COMMON SHARES
Basic Shares Outstanding 55.52M 55.06M 54.91M
Diluted Shares Outstanding 55.74M 55.42M

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.0M $46.10M $43.80M
YoY Change 204.88% 22.93% 20.33%
Cash & Equivalents $125.0M $46.15M $43.42M
Short-Term Investments
Other Short-Term Assets $102.3M $9.600M $8.900M
YoY Change 1473.85% 26.32% 8.54%
Inventory $103.7M $201.5M $201.2M
Prepaid Expenses
Receivables $60.88M $101.8M $93.60M
Other Receivables $1.600M $4.800M $5.500M
Total Short-Term Assets $393.5M $363.8M $353.1M
YoY Change 31.73% 22.33% 23.94%
LONG-TERM ASSETS
Property, Plant & Equipment $157.4M $164.3M $170.3M
YoY Change -14.11% -11.45% -5.15%
Goodwill $19.02M $182.3M $182.3M
YoY Change -89.56% -4.98%
Intangibles $4.375M $78.35M $82.56M
YoY Change -95.24%
Long-Term Investments
YoY Change
Other Assets $16.44M $9.600M $10.10M
YoY Change 53.22% -8.57% -10.62%
Total Long-Term Assets $336.1M $444.3M $455.7M
YoY Change -28.21% -6.53% -5.98%
TOTAL ASSETS
Total Short-Term Assets $393.5M $363.8M $353.1M
Total Long-Term Assets $336.1M $444.3M $455.7M
Total Assets $729.5M $808.1M $808.8M
YoY Change -4.86% 4.57% 5.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.48M $31.80M $36.10M
YoY Change -11.54% -6.19% -5.99%
Accrued Expenses $38.60M $49.40M $51.30M
YoY Change -23.26% -18.62% -4.11%
Deferred Revenue $14.74M $7.103M $5.502M
YoY Change 20.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $1.000M $75.90M
YoY Change -85.71% -84.13% 1104.76%
Total Short-Term Liabilities $130.0M $95.34M $170.2M
YoY Change 16.79% -5.89% 71.92%
LONG-TERM LIABILITIES
Long-Term Debt $198.8M $239.2M $168.2M
YoY Change 2.05% 7.99% -22.13%
Other Long-Term Liabilities $10.63M $13.48M $14.20M
YoY Change 64.69% 92.6% 102.86%
Total Long-Term Liabilities $10.63M $13.48M $182.4M
YoY Change 64.69% -94.1% -18.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $130.0M $95.34M $170.2M
Total Long-Term Liabilities $10.63M $13.48M $182.4M
Total Liabilities $342.4M $357.6M $362.2M
YoY Change 6.22% 4.91% 8.64%
SHAREHOLDERS EQUITY
Retained Earnings $341.7M $407.9M
YoY Change -15.2%
Common Stock $267.7M $264.9M
YoY Change 1.69%
Preferred Stock
YoY Change
Treasury Stock (at cost) $222.4M $222.4M
YoY Change 0.0%
Treasury Stock Shares $18.17M $18.17M
Shareholders Equity $387.1M $450.5M $446.6M
YoY Change
Total Liabilities & Shareholders Equity $729.5M $808.1M $808.8M
YoY Change -4.86% 4.57% 5.09%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income -$66.15M $5.731M $1.293M
YoY Change -773.24% -200.1% -80.6%
Depreciation, Depletion And Amortization $29.80M $7.800M $2.200M
YoY Change 108.39% -42.65% -83.21%
Cash From Operating Activities $119.8M $10.10M -$5.800M
YoY Change 225.54% -12.93% 286.67%
INVESTING ACTIVITIES
Capital Expenditures -$3.900M -$2.300M -$4.700M
YoY Change -52.44% -64.62% -62.99%
Acquisitions
YoY Change
Other Investing Activities $2.300M -$700.0K -$800.0K
YoY Change 1050.0% -61.11% -166.67%
Cash From Investing Activities -$1.700M -$2.900M -$5.600M
YoY Change -78.48% -65.06% -51.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.00M -4.400M 24.10M
YoY Change 54.15% 91.3% -0.82%
NET CHANGE
Cash From Operating Activities 119.8M 10.10M -5.800M
Cash From Investing Activities -1.700M -2.900M -5.600M
Cash From Financing Activities -39.00M -4.400M 24.10M
Net Change In Cash 79.10M 2.800M 12.70M
YoY Change 2097.22% 180.0% 12.39%
FREE CASH FLOW
Cash From Operating Activities $119.8M $10.10M -$5.800M
Capital Expenditures -$3.900M -$2.300M -$4.700M
Free Cash Flow $123.7M $12.40M -$1.100M
YoY Change 174.89% -31.49% -109.82%

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CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
53859000
CY2018 us-gaap Depreciation And Amortization
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CY2020 us-gaap Gain Loss On Disposition Of Assets
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-991000
CY2019 us-gaap Gain Loss On Disposition Of Assets
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CY2018 us-gaap Gain Loss On Disposition Of Assets
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CY2020 swbi Provision For Or Recoveries Of Doubtful Accounts
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104000
CY2019 swbi Provision For Or Recoveries Of Doubtful Accounts
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CY2018 swbi Provision For Or Recoveries Of Doubtful Accounts
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991000
CY2020 us-gaap Tangible Asset Impairment Charges
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976000
CY2018 us-gaap Tangible Asset Impairment Charges
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282000
CY2020 us-gaap Goodwill Impairment Loss
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CY2019 us-gaap Goodwill Impairment Loss
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10396000
CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
100000
CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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-60000
CY2018 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2921000
CY2019 us-gaap Share Based Compensation
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CY2018 us-gaap Share Based Compensation
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2018 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Inventories
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CY2019 us-gaap Increase Decrease In Inventories
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CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1772000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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23120000
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786000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2310000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-359000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Income Taxes Receivable
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CY2019 us-gaap Increase Decrease In Income Taxes Receivable
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CY2018 us-gaap Increase Decrease In Income Taxes Receivable
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-5848000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3681000
CY2019 us-gaap Increase Decrease In Accounts Payable
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3392000
CY2018 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accrued Salaries
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-6850000
CY2019 us-gaap Increase Decrease In Accrued Salaries
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10959000
CY2018 us-gaap Increase Decrease In Accrued Salaries
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CY2020 swbi Increase Decrease In Deferred Profit Sharing
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CY2019 swbi Increase Decrease In Deferred Profit Sharing
IncreaseDecreaseInDeferredProfitSharing
1547000
CY2018 swbi Increase Decrease In Deferred Profit Sharing
IncreaseDecreaseInDeferredProfitSharing
-11721000
CY2020 swbi Increase Decrease In Accrued Liabilities And Deferred Revenue
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue
21908000
CY2019 swbi Increase Decrease In Accrued Liabilities And Deferred Revenue
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue
-7193000
CY2018 swbi Increase Decrease In Accrued Liabilities And Deferred Revenue
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue
-8424000
CY2020 swbi Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
-1966000
CY2019 swbi Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
-1224000
CY2018 swbi Increase Decrease In Product Warranty Accrual
IncreaseDecreaseInProductWarrantyAccrual
1915000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2719000
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
671000
CY2018 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
417000
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
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-3524000
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-377000
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
351000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
94961000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57450000
CY2019 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
74000
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
812000
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
516000
CY2018 us-gaap Payments To Acquire Intangible Assets
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560000
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1336000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13932000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33949000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18490000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13958000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34827000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42164000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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228225000
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
50000000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
150000000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
875000
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
158000
CY2020 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
900000
CY2019 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
741000
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
646000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
224600000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
81300000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
181300000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
41015000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
48860000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
11103000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
9473000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
10624000
CY2019 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
24271000
CY2018 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
21974000
CY2019 swbi Noncash Or Part Noncash Changes In Note Receivable
NoncashOrPartNoncashChangesInNoteReceivable
1007000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
6935000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
10567000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
1387000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
479000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
565000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2406000
CY2020 swbi Noncash Or Part Noncash Acquisition Value Of Change In Fair Value Of Interest Rate Swap
NoncashOrPartNoncashAcquisitionValueOfChangeInFairValueOfInterestRateSwap
670000
CY2019 swbi Noncash Or Part Noncash Acquisition Value Of Change In Fair Value Of Interest Rate Swap
NoncashOrPartNoncashAcquisitionValueOfChangeInFairValueOfInterestRateSwap
1393000
CY2018 swbi Noncash Or Part Noncash Acquisition Value Of Change In Fair Value Of Interest Rate Swap
NoncashOrPartNoncashAcquisitionValueOfChangeInFairValueOfInterestRateSwap
1631000
CY2018 swbi Noncash Or Part Noncash Acquisition Value Of Contingent Consideration Liability
NoncashOrPartNoncashAcquisitionValueOfContingentConsiderationLiability
100000
CY2019 swbi Purchases Of Property And Equipment Funded By Capital Lease
PurchasesOfPropertyAndEquipmentFundedByCapitalLease
24271000
CY2018 swbi Purchases Of Property And Equipment Funded By Capital Lease
PurchasesOfPropertyAndEquipmentFundedByCapitalLease
21974000
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2127000
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2222000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2213000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
597000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
649000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2277000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3380000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30468000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
84383000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7845000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
41015000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
48860000
CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
61549000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
125398000
CY2020 us-gaap Nature Of Operations
NatureOfOperations
<p style="margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. Organization </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:5.24%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">We are a leading manufacturer, designer, and provider of consumer products for the shooting, hunting, and rugged outdoor enthusiast. We are one of the largest manufacturers of handguns, modern sporting rifles, and handcuffs in the United States and an active participant in the hunting rifle and suppressor markets. We are also a leading provider of shooting, hunting, and rugged outdoor products and accessories, including knives and cutting tools, sighting lasers, shooting supplies, tree saws, and survival gear. We have two reporting segments: (1) Firearms and (2) Outdoor Products &amp; Accessories. </span></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">In our Firearms segment, 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 gun 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 firearm products under the Smith &amp; Wesson, M&amp;P, Performance Center, Thompson/Center Arms, and Gemtech brands. We manufacture our firearm 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.</span></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">In our OP&amp;A segment, we are a leading provider of outdoor products and accessories encompassing hunting, fishing, camping, shooting, and personal security and defense products for rugged outdoor enthusiasts. We conceive, design, produce or source, and sell products and accessories, including shooting supplies, rests, vaults, and other related accessories; premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; electro-optical devices, including hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products.  We develop and market our products at our facility in Columbia, Missouri and contract for the manufacture and assembly of most of our products with third parties located in Asia. We also manufacture some of our electro-optics products at our facility in Wilsonville, Oregon.</span></p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;"> </p> <p style="text-align:justify;Background-color:#FFFFFF;margin-bottom:0pt;margin-top:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On November 13, 2019, we announced that we were proceeding with a plan to spin-off our outdoor products and accessories business, or the Separation, and create an independent publicly traded company to conduct that business. We believe that separating the our outdoor products and accessories business from our firearm business and forming a new company to conduct the outdoor products and accessories business will enable the management team of each company to focus on its specific strategies, including, among others, (1) structuring its business to take advantage of growth opportunities in its specific markets, (2) tailoring its business operation and financial model to its specific long-term strategies, and (3) aligning its external financial resources, such as stock, access to markets, credit, and insurance factors, with its particular type of business. In our view, the Separation is in the best interests of our company and our stockholders and would create two industry-leading companies with attributes that best position each company for long-term success. In preparation for the Separation, on May 29, 2020, we changed our name to Smith &amp; Wesson Brands, Inc., and on June 1, 2020, we changed the name of the company that will operate our outdoor products and accessories business through its subsidiaries to American Outdoor Brands, Inc., or AOUT.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Subject to the satisfaction or waiver of certain conditions, the Separation will be completed by way of a pro rata distribution, or the Distribution, of all the outstanding shares of AOUT common stock to our stockholders of record as of the close of business on the record date of the Distribution.  Each of our stockholders will receive shares of AOUT common stock for the shares of our common stock held by such stockholders as of the close of business on the record date, so that our stockholders would own stock of our company as well as 100% of the stock of AOUT and we will retain no ownership interest in that company.  We expect to receive an opinion from counsel to the effect that, among other things, the transfer of the assets and legal entities, subject to any related liabilities, associated with the outdoor products and accessories business, to AOUT, will qualify as a transaction that is tax-free for U.S. federal income tax purposes, except to the extent of any cash received in lieu of fractional shares.  The Distribution does not require the approval of our stockholders. Our common stock will continue to trade on the Nasdaq Global Select Market under the new ticker symbol “SWBI,” and AOUT has applied to have its shares of common stock listed on the Nasdaq Global Market under the ticker symbol “AOUT.”  The Separation is subject to the satisfaction or waiver of certain conditions, and we cannot provide any assurance that we will complete the Separation.</p>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:5.24%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates<span style="font-style:normal;"> — The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the financial statement dates and the reported amounts of revenue and expenses during the reporting periods. Our significant estimates include the accrual for warranty, reserves for excess and obsolete inventory, rebates and other promotions, and valuation of intangible assets. Actual results could differ from those estimates. </span></p>
CY2020 swbi Cash And Cash Equivalent Maturity Period Maximum
CashAndCashEquivalentMaturityPeriodMaximum
P3M
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Concentrations of Credit Risk<span style="font-style:normal;"> — Financial instruments that potentially subject us to concentration of credit risk consist principally of cash, cash equivalents, and trade receivables. We place our cash and cash equivalents in overnight U.S. government securities. Concentrations of credit risk with respect to trade receivables are limited by the large number of customers comprising our customer base and their geographic and business dispersion. We perform ongoing credit evaluations of our customers’ financial condition and generally do not require collateral. </span></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:5.24%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the year ended April 30, 2020, one of our customers accounted for approximately 10.5% of our net sales but did not exceed 10% of our accounts receivable. Three other customers each had greater than 10% of our accounts receivable and combined for a total of 37.7%. For the fiscal year ended April 30, 2019, none of our customers exceeded 10% of our net sales and one of our customers accounted for approximately 19.8% of our accounts receivable. For the fiscal year ended April 30, 2018, one of our customers accounted for 11.9% of our net sales and none of our customers accounted for 10% or more of our accounts receivable.</p>
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54983000
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.11
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2019 swbi Per Common Share Effect Of Dilutive Stock Awards
PerCommonShareEffectOfDilutiveStockAwards
-0.01
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
773000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-61230000
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.11
CY2019 us-gaap Net Income Loss
NetIncomeLoss
18410000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55216000
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2018 us-gaap Net Income Loss
NetIncomeLoss
20128000
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54834000
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2020 us-gaap Product Warranty Expense
ProductWarrantyExpense
1600000
CY2019 us-gaap Product Warranty Expense
ProductWarrantyExpense
2900000
CY2018 us-gaap Product Warranty Expense
ProductWarrantyExpense
5800000
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7513000
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2852000
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4163000
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6202000
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1570000
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3536000
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
4236000
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3174000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3016000
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
47500000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
39200000
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
58200000
CY2020 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
26300000
CY2019 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
23800000
CY2018 us-gaap Cooperative Advertising Expense
CooperativeAdvertisingExpense
23300000
CY2020Q2 swbi Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
10802000
CY2020Q2 swbi Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
2232000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8570000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2663000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7488000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10151000
CY2020Q2 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
40986000
CY2020Q2 swbi Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
2098000
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
38888000
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
996000
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
39873000
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
40869000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
4300000
CY2020 swbi Short Term Operating Lease Cost
ShortTermOperatingLeaseCost
1100000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2100000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2100000
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P18Y6M
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Next Twelve Months
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6190000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2958000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3056000
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
6014000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2769000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3071000
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
5840000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1722000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3125000
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
4847000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
330000
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3180000
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
3510000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
679000
CY2020Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
48784000
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Payments Due After Fifth Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterFifthYear
49532000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11632000
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
64232000
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
75933000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1481000
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
23363000
CY2020Q2 swbi Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
24844000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10151000
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
40869000
CY2020Q2 swbi Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
51089000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2663000
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
996000
CY2020Q2 swbi Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
3659000
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7488000
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
39873000
CY2020Q2 swbi Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
47430000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
6000000.0
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
48600000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10500000
CY2020 swbi Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
50400000
CY2020 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-1800000
CY2018Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22200000
CY2019 swbi Contract With Customer Liability Revenue Deferred Net Of Revenue Recognized
ContractWithCustomerLiabilityRevenueDeferredNetOfRevenueRecognized
11100000
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
12200000
CY2019 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
11100000
CY2018Q2 us-gaap Goodwill
Goodwill
191287000
CY2019 swbi Export Sales As Percentage Of Revenue
ExportSalesAsPercentageOfRevenue
0.05
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
534000
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
844000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
10396000
CY2019Q2 us-gaap Goodwill
Goodwill
182269000
CY2020 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-2000
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
98662000
CY2020Q2 us-gaap Goodwill
Goodwill
83605000
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
174480000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
101156000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
73324000
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
173314000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
81700000
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91614000
CY2020Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
430000
CY2019Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
174910000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
101156000
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
73754000
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
173540000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
81700000
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
91840000
CY2020 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19500000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22000000.0
CY2016Q4 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-06-15
CY2015Q2 swbi Percentage Of Interest Rate Protection
PercentageOfInterestRateProtection
0.75
CY2019Q2 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
710000
CY2018Q2 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
2100000
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
687000
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
431000
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1100000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
678390000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
638277000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
606850000
CY2020 swbi Export Sales As Percentage Of Revenue
ExportSalesAsPercentageOfRevenue
0.04
CY2018 swbi Export Sales As Percentage Of Revenue
ExportSalesAsPercentageOfRevenue
0.05
CY2020Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
279005000
CY2019Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
270815000
CY2020Q2 swbi Computer Hardware And Software Gross
ComputerHardwareAndSoftwareGross
50671000
CY2019Q2 swbi Computer Hardware And Software Gross
ComputerHardwareAndSoftwareGross
47587000
CY2020Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
36186000
CY2019Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
34584000
CY2020Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
3787000
CY2019Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
3787000
CY2020Q2 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
40986000
CY2019Q2 swbi Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
46246000
CY2020Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
410635000
CY2019Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
403019000
CY2020Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
260475000
CY2019Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
228306000
CY2020Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetExcludingConstructionInProgress
150160000
CY2019Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset Excluding Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetExcludingConstructionInProgress
174713000
CY2020Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
7257000
CY2019Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
8555000
CY2020Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
157417000
CY2019Q2 swbi Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
183268000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
54058000
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
53859000
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
52075000
CY2018 us-gaap Amortization Of Acquisition Costs
AmortizationOfAcquisitionCosts
20800000
CY2020Q2 swbi Workers Compensation Receivable
WorkersCompensationReceivable
620000
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
108247000
CY2019Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
36181000
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7576000
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11766000
CY2020Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
164191000
CY2019Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
163770000
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
14744000
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12213000
CY2020Q2 swbi Accrued Rebates And Promotions Current
AccruedRebatesAndPromotionsCurrent
5189000
CY2019Q2 swbi Accrued Rebates And Promotions Current
AccruedRebatesAndPromotionsCurrent
4877000
CY2020Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
4705000
CY2019Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
5241000
CY2020Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4058000
CY2019Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2649000
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2663000
CY2020Q2 swbi Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
2253000
CY2019Q2 swbi Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
1895000
CY2020Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
967000
CY2019Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1004000
CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
349000
CY2019Q2 us-gaap Interest Payable Current
InterestPayableCurrent
737000
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
996000
CY2019Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
681000
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7217000
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3947000
CY2020Q2 swbi Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
64602000
CY2019Q2 swbi Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
39322000
CY2019Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
8900000
CY2020Q2 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
4600000
CY2019Q2 us-gaap Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
4800000
CY2020Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
3700000
CY2019Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
3600000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
200667
CY2019Q2 swbi Workers Compensation Receivable
WorkersCompensationReceivable
620000
CY2019Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
8859000
CY2018Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
9173000
CY2017Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
8663000
CY2020 swbi Self Insurance Reserves Expense
SelfInsuranceReservesExpense
21317000
CY2019 swbi Self Insurance Reserves Expense
SelfInsuranceReservesExpense
21602000
CY2018 swbi Self Insurance Reserves Expense
SelfInsuranceReservesExpense
22802000
CY2020 swbi Self Insurance Reserve Deductions
SelfInsuranceReserveDeductions
20763000
CY2019 swbi Self Insurance Reserve Deductions
SelfInsuranceReserveDeductions
21916000
CY2018 swbi Self Insurance Reserve Deductions
SelfInsuranceReserveDeductions
22292000
CY2020Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
9413000
CY2019Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
8859000
CY2018Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
9173000
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3600000
CY2019Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3300000
CY2020Q2 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
2600000
CY2019Q2 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
2800000
CY2020Q2 swbi Receivables From Insurance Carriers Included In Other Assets
ReceivablesFromInsuranceCarriersIncludedInOtherAssets
1900000
CY2019Q2 swbi Receivables From Insurance Carriers Included In Other Assets
ReceivablesFromInsuranceCarriersIncludedInOtherAssets
1900000
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
CY2020 swbi Number Of Stock Option Plans
NumberOfStockOptionPlans
2
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
267761
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.76
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
316160
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.69
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
335160
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.58
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
67094
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.97
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48399
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.28
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
19000
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.70
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
200667
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.70
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
267761
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.76
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
316160
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.69
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y5M4D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y4M6D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y1M28D
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
267761
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.76
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
316160
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.69
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y5M4D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M6D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.70
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y1M28D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
356000
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
356000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
826000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
826000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1400000
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