v3.26.1
Equity (Tables)
 12 Months Ended
Apr. 30, 2026
Equity [Abstract]  
Schedule of Valuation Assumptions Used for Performance Stock Units We incorporated the following variables into the valuation model for the periods ended April 30, 2025 and April 30, 2024 (awards in our prior fiscal years):
For the years ended April 30,
20252024
Grant date fair market value
American Outdoor Brands, Inc.$7.89 $8.79 
Russell 2000 Index$1,980.23 $1,769.21 
Volatility (a)
American Outdoor Brands, Inc.48.15 %45.53 %
Russell 2000 Index22.98 %27.08 %
Correlation coefficient (b)0.36 0.48 
Risk-free interest rate (c)4.73 %3.81 %
Dividend yield (d)0 %0 %
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(a)Expected volatility is calculated based on a peer group over the most recent period that represents the remaining term of the performance period as of the valuation date, or three years.
(b)The correlation coefficient utilizes the same historical price data used to develop the volatility assumptions.
(c)The risk-free interest rate is based on the yield of a zero-coupon U.S. Treasury bill, commensurate with the three-year performance period.
(d)We do not expect to pay dividends in the foreseeable future.
Schedule of Activity for Unvested RSUs and PSUs
A summary of activity for unvested RSUs and PSUs under our 2020 Incentive Compensation Plan for the fiscal years ended April 30, 2026, 2025, and 2024 is as follows:
For the years ended April 30,
202620252024
Total # of
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Total # of
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value		Total # of
Restricted
Stock Units		Weighted
Average
Grant Date
Fair Value
RSUs and PSUs outstanding, beginning of period700,953$9.48 624,093$11.27 560,579$13.36 
Awarded359,41910.83 377,1768.40 396,0988.69 
Vested(332,455)11.04 (250,059)10.43 (212,636)11.31 
Forfeited(12,663)9.39 (50,257)19.19 (119,948)12.46 
RSUs and PSUs outstanding, end of period715,254$9.44 700,953$9.48 624,093$11.27 
Schedule of Valuation Assumptions Used for Employee Stock Purchase Plan
The following assumptions were used in valuing ESPP purchases under our ESPP during the years ended April 30, 2026, 2025, and 2024:
For the years ended April 30,
202620252024
Risk-free interest rate
3.72% -3.80%
4.23 %
5.46% - 5.53%
Expected term6 months6 months
6 months - 12 months
Expected volatility
44.7% - 61.1%
60.7 %
43.2% - 48.9%
Dividend yield0 %0 %0 %