10-Q Filing

American Outdoor Brands, Inc. CIK: 1808997 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-047481`
Period End Date	20210731
Filing Date	20210909
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	aout-10q_20210731_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 37 Cash Flow Statement 61 Stockholders Equity 18

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$119.00K	USD	Point-in-time
Allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$89.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.80M	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for credit losses of $89 on July 31, 2021 and $119 on April 30, 2021	`AccountsReceivableNetCurrent`	$33.52M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses of $89 on July 31, 2021 and $119 on April 30, 2021	`AccountsReceivableNetCurrent`	$37.49M	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$92.04M	USD	Point-in-time
Inventories	`InventoryNet`	$74.30M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.02M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.10M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$149.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$190.93M	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	14.06M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	14.10M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$179.83M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.10M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$10.95M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$10.99M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.06M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$50.32M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$53.64M	USD	Point-in-time
Goodwill	`Goodwill`	$64.31M	USD	Point-in-time
Goodwill	`Goodwill`	$64.31M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$25.38M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$24.98M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$6.79M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$6.68M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$424.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$364.00K	USD	Point-in-time
Total assets	`Assets`	$341.26M	USD	Point-in-time
Total assets	`Assets`	$348.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.02M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$12.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.84M	USD	Point-in-time
Accrued payroll and incentives	`EmployeeRelatedLiabilitiesCurrent`	$6.77M	USD	Point-in-time
Accrued payroll and incentives	`EmployeeRelatedLiabilitiesCurrent`	$3.24M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$720.00K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$1.79M	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$1.77M	USD	Point-in-time
Accrued profit sharing	`DeferredCompensationCashBasedArrangementsLiabilityCurrent`	$2.18M	USD	Point-in-time
Accrued profit sharing	`DeferredCompensationCashBasedArrangementsLiabilityCurrent`	$1.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.44M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$24.33M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$24.78M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$85.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$236.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$64.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$61.36M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,099,641 shares issued and outstanding on July 31, 2021 and 14,059,440 shares issued and outstanding on April 30, 2021	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,099,641 shares issued and outstanding on July 31, 2021 and 14,059,440 shares issued and outstanding on April 30, 2021	`CommonStockValue`	$14.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$265.81M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$265.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$14.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.99M	USD	Point-in-time
Total equity	`StockholdersEquity`	$224.10M	USD	Point-in-time
Total equity	`StockholdersEquity`	$283.81M	USD	Point-in-time
Total equity	`StockholdersEquity`	$227.34M	USD	Point-in-time
Total equity	`StockholdersEquity`	$279.90M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$348.66M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$341.26M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net sales (including $1.5 million of related party sales for the three months ended July 31, 2020 prior to the Separation)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$60.77M	USD	1 Quarter
Net sales (including $1.5 million of related party sales for the three months ended July 31, 2020 prior to the Separation)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$50.47M	USD	1 Quarter
Related party sales	`RevenueFromRelatedParties`	$1.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$31.79M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$26.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.98M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.52M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.23M	USD	1 Quarter
Selling, marketing, and distribution	`SellingAndMarketingExpense`	$13.20M	USD	1 Quarter
Selling, marketing, and distribution	`SellingAndMarketingExpense`	$10.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.76M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.46M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$129.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$84.00K	USD	1 Quarter
Interest (expense)/income, net	`InterestIncomeExpenseNonoperatingNet`	$-46.00K	USD	1 Quarter
Interest (expense)/income, net	`InterestIncomeExpenseNonoperatingNet`	$336.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$83.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$420.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.31M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.88M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$849.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.09M	USD	1 Quarter
Net income/comprehensive income	`NetIncomeLoss`	$3.46M	USD	1 Quarter
Net income/comprehensive income	`NetIncomeLoss`	$1.79M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.30M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.79M	USD	1 Quarter
Net income	`ProfitLoss`	$3.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.18M	USD	1 Quarter
Loss on sale/disposition of assets	`GainLossOnDispositionOfAssets1`	$-127.00K	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$23.00K	USD	1 Quarter
Provision for credit losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$97.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-110.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$298.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$752.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.03M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.94M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.59M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.75M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.19M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.92M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-32.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$869.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.17M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.23M	USD	1 Quarter
Accrued payroll and incentives	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$66.00K	USD	1 Quarter
Accrued payroll and incentives	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.53M	USD	1 Quarter
Right of use assets	`IncreaseDecreaseInRightOfUseAssets`	$-232.00K	USD	1 Quarter
Right of use assets	`IncreaseDecreaseInRightOfUseAssets`	$-403.00K	USD	1 Quarter
Accrued profit sharing	`IncreaseDecreaseInAccruedProfitSharing`	$58.00K	USD	1 Quarter
Accrued profit sharing	`IncreaseDecreaseInAccruedProfitSharing`	$248.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.48M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.34M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-39.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-223.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiability`	$-443.00K	USD	1 Quarter
Lease liabilities	`IncreaseDecreaseInLeaseLiability`	$-322.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-151.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$77.00K	USD	1 Quarter
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.17M	USD	1 Quarter
Net cash (used in)/provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$564.00K	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$127.00K	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$105.00K	USD	1 Quarter
Payments to acquire property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$879.00K	USD	1 Quarter
Payments to acquire property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$859.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-984.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-986.00K	USD	1 Quarter
Net transfers from former Parent	`TransfersFromToFormerParentNet`	$186.00K	USD	1 Quarter
Proceeds from exercise of options to acquire common stock	`ProceedsFromStockOptionsExercised`	$5.00K	USD	1 Quarter
Payment of employee withholding tax related to restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$312.00K	USD	1 Quarter
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$186.00K	USD	1 Quarter
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-307.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-234.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.46M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.34M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$60.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$56.34M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$234.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$60.80M	USD	Point-in-time
Interest	`InterestPaidNet`	$38.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$85.00K	USD	1 Quarter
Purchases of property and equipment and intangibles included in accounts payable	`PurchasesOfPropertyAndEquipmentAndIntangiblesIncludedInAccountsPayable`	$65.00K	USD	1 Quarter
Purchases of property and equipment and intangibles included in accounts payable	`PurchasesOfPropertyAndEquipmentAndIntangiblesIncludedInAccountsPayable`	$178.00K	USD	1 Quarter
Changes in right of use assets for operating lease obligations	`ChangesInRightOfUseAssetsForOperatingLeaseObligations`	$12.00K	USD	1 Quarter
Changes in lease liabilities for operating lease obligations	`ChangesInLeaseLiabilitiesForOperatingLeasesObligations`	$12.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$224.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$283.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$227.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$279.90M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	14.10M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	14.06M	shares	Point-in-time
Net income	`NetIncomeLoss`	$3.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.79M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$752.00K	USD	1 Quarter
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.00K	USD	1 Quarter
Issuance of common stock under restricted stock unit awards, net of tax	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$312.00K	USD	1 Quarter
Net transfers from former Parent	`NetTransfersFromToFormerParent`	$1.46M	USD	1 Quarter
Balance	`StockholdersEquity`	$224.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$283.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$227.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$279.90M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	14.10M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	14.06M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.