Vista Outdoor (GEAR) 10-Q2 Nov 232024 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Sep. 24, 2023	Oct. 30, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 24, 2023
Document Transition Report	false
Entity File Number	1-36597
Entity Registrant Name	Vista Outdoor Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1016855
Entity Address, Address Line One	1 Vista Way
Entity Address, City or Town	Anoka
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55303
City Area Code	763
Local Phone Number	433-1000
Title of 12(b) Security	Common Stock, par value $.01
Trading Symbol	VSTO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		58,071,728
Entity Central Index Key	0001616318
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 39,954	$ 86,208
Net receivables	397,038	339,373
Net inventories	689,989	709,897
Income tax receivable	13,084	0
Other current assets	47,824	60,636
Total current assets	1,187,889	1,196,114
Net property, plant, and equipment	213,978	228,247
Operating lease assets	98,709	106,828
Goodwill	465,709	465,709
Net intangible assets	707,857	733,176
Deferred charges and other non-current assets, net	72,657	68,808
Total assets	2,746,799	2,798,882
Current liabilities:
Current portion of long-term debt	150,000	65,000
Accounts payable	128,951	136,556
Accrued compensation	51,726	60,719
Accrued income taxes	0	6,676
Federal excise, use, and other taxes	33,509	38,543
Other current liabilities	153,265	146,377
Total current liabilities	517,451	453,871
Long-term debt	787,538	984,658
Deferred income tax liabilities	42,771	40,749
Long-term operating lease liabilities	97,651	103,313
Accrued pension and postemployment benefits	24,323	25,114
Other long-term liabilities	51,321	59,384
Total liabilities	1,521,055	1,667,089
Commitments and contingencies (Notes 12 and 15)
Issued and outstanding — 58,062,364 shares as of September 24, 2023 and 57,085,756 shares as of March 31, 2023	579	570
Additional paid-in capital	1,653,407	1,711,155
Accumulated deficit	(128,006)	(230,528)
Accumulated other comprehensive loss	(76,035)	(80,802)
Common stock in treasury, at cost — 5,902,075 shares held as of September 24, 2023 and 6,878,683 shares held as of March 31, 2023	(224,201)	(268,602)
Total stockholders' equity	1,225,744	1,131,793
Total liabilities and stockholders' equity	$ 2,746,799	$ 2,798,882

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares	Sep. 24, 2023	Mar. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock, issued (in shares)	58,062,364	57,085,756
Common stock, outstanding (in shares)	58,062,364	57,085,756
Common stock in treasury (in shares)	5,902,075	6,878,683

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Income Statement [Abstract]
Sales, net	$ 676,808	$ 781,678	$ 1,370,141	$ 1,584,290
Cost of sales	467,938	518,804	934,514	1,027,946
Gross profit	208,870	262,874	435,627	556,344
Operating expenses:
Research and development	12,203	11,154	24,283	19,051
Selling, general, and administrative	120,882	120,553	243,373	233,701
Operating income	75,785	131,167	167,971	303,592
Other expense, net	(1,174)	741	(1,715)	741
Interest expense, net	(16,643)	(13,934)	(32,861)	(20,244)
Income before income taxes	57,968	117,974	133,395	284,089
Income tax provision	(13,546)	(24,519)	(30,873)	(64,619)
Net income	$ 44,422	$ 93,455	$ 102,522	$ 219,470
Earnings per common share:
Basic (in dollars per share)	$ 0.77	$ 1.65	$ 1.78	$ 3.88
Diluted (in dollars per share)	$ 0.76	$ 1.62	$ 1.75	$ 3.78
Weighted-average number of common shares outstanding:
Basic (in shares)	58,041	56,553	57,757	56,520
Diluted (in shares)	58,299	57,814	58,426	58,098
Net income	$ 44,422	$ 93,455	$ 102,522	$ 219,470
Pension and other postretirement benefit liabilities:
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, net of tax (expense) of $(176) and $(352) for the three and six months ended September 24, 2023, respectively, and $(221) and $(442) for the three and six months ended September 25, 2022, respectively	562	694	1,124	1,388
Change in derivatives, net of tax (expense) benefit of $(657) and $(1,150) for the three and six months ended September 24, 2023, respectively, and $92 and $781 for the three and six months ended September 25, 2022, respectively	2,098	(287)	3,672	(278)
Change in cumulative translation adjustment, net of tax (expense) of $0 and $0 for the three and six months ended September 24, 2023, respectively, and $0 and $(167) for the three and six months ended September 25, 2022, respectively	(693)	(1,398)	(29)	(1,871)
Total other comprehensive income (loss)	1,967	(991)	4,767	(761)
Comprehensive income	$ 46,389	$ 92,464	$ 107,289	$ 218,709

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Income Statement [Abstract]
Reclassification of net actuarial loss for pension and postretirement benefit plans recorded to net income, tax	$ (176)	$ (221)	$ (352)	$ (442)
Change in derivatives, tax	(657)	92	(1,150)	781
Change in cumulative translation adjustment, tax	$ 0	$ 0	$ 0	$ (167)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022
Operating Activities:
Net income	$ 102,522	$ 219,470
Adjustments to net income to arrive at cash provided by operating activities:
Depreciation	24,470	23,317
Amortization of intangible assets	25,336	18,983
Amortization of deferred financing costs	4,154	2,518
Impairment of long-lived assets	2,802	0
Change in fair value of contingent consideration	0	(11,425)
Deferred income taxes	514	(124)
Gain on foreign exchange	(240)	(741)
Loss on disposal of property, plant, and equipment	69	551
Share-based compensation	2,680	14,756
Changes in assets and liabilities:
Net receivables	(57,128)	(25,601)
Net inventories	13,541	(36,042)
Accounts payable	(5,104)	10,092
Accrued compensation	(8,859)	(26,233)
Accrued income taxes	(17,125)	4,313
Federal excise, use, and other taxes	(5,027)	(1,261)
Pension and other postretirement benefits	685	944
Other assets and liabilities	24,250	(115)
Cash provided by operating activities	107,540	193,402
Investing Activities:
Capital expenditures	(13,425)	(12,957)
Acquisition of businesses, net of cash received	0	(761,170)
Proceeds from the disposition of property, plant, and equipment	137	43
Cash used in investing activities	(13,288)	(774,084)
Financing Activities:
Proceeds from credit facility	102,000	465,000
Repayments of credit facility	(162,000)	(165,000)
Proceeds from issuance of long-term debt	0	350,000
Debt issuance costs	(60)	(15,905)
Payments on long-term debt	(55,000)	0
Payments made for contingent consideration	(8,585)	0
Proceeds from exercise of stock options	39	181
Payment of employee taxes related to vested stock awards	(16,200)	(8,889)
Cash (used in) provided by financing activities	(139,806)	625,387
Effect of foreign exchange rate fluctuations on cash	(700)	(1,224)
Increase (decrease) in cash and cash equivalents	(46,254)	43,481
Cash and cash equivalents at beginning of period	86,208	22,584
Cash and cash equivalents at end of period	39,954	66,065
Supplemental Cash Flow Disclosures:
Capital expenditures included in accounts payable	1,731	2,681
Contingent consideration in connection with business combinations	$ 0	$ 11,400

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning balance (in shares) at Mar. 31, 2022		56,093,456
Beginning balance at Mar. 31, 2022	$ 1,124,399	$ 560	$ 1,730,927	$ (220,810)	$ (76,679)	$ (309,599)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	126,245			126,015	230
Exercise of stock options (in shares)		9,150
Exercise of stock options	147		(212)			359
Share-based compensation	7,257		7,257
Restricted stock vested and shares withheld (in shares)		413,089
Restricted stock vested and shares withheld	(8,736)		(25,892)			17,156
Other (in shares)		8,387
Other		$ 5
Other	0		(321)			316
Ending balance (in shares) at Jun. 26, 2022		56,524,082
Ending balance at Jun. 26, 2022	1,249,312	$ 565	1,711,759	(94,795)	(76,449)	(291,768)
Beginning balance (in shares) at Mar. 31, 2022		56,093,456
Beginning balance at Mar. 31, 2022	1,124,399	$ 560	1,730,927	(220,810)	(76,679)	(309,599)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	218,709
Ending balance (in shares) at Sep. 25, 2022		56,566,915
Ending balance at Sep. 25, 2022	1,349,451	$ 566	1,717,750	(1,340)	(77,440)	(290,085)
Beginning balance (in shares) at Jun. 26, 2022		56,524,082
Beginning balance at Jun. 26, 2022	1,249,312	$ 565	1,711,759	(94,795)	(76,449)	(291,768)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	92,464			93,455	(991)
Exercise of stock options (in shares)		4,000
Exercise of stock options	34		(123)			(157)
Share-based compensation	7,499		7,499
Restricted stock vested and shares withheld (in shares)		1,276
Restricted stock vested and shares withheld	(17)		(72)			(55)
Employee stock purchase plan (in shares)		6,002
Employee stock purchase plan	159		(76)			(235)
Other (in shares)		31,555
Other		$ 1
Other	0		(1,237)			(1,236)
Ending balance (in shares) at Sep. 25, 2022		56,566,915
Ending balance at Sep. 25, 2022	$ 1,349,451	$ 566	1,717,750	(1,340)	(77,440)	(290,085)
Beginning balance (in shares) at Mar. 31, 2023	57,085,756	57,085,756
Beginning balance at Mar. 31, 2023	$ 1,131,793	$ 570	1,711,155	(230,528)	(80,802)	(268,602)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	60,900			58,100	2,800
Exercise of stock options (in shares)		2,410
Exercise of stock options	39		(55)			94
Share-based compensation	3,307		3,307
Restricted stock vested and shares withheld (in shares)		901,094
Restricted stock vested and shares withheld	(16,037)		(57,520)			41,483
Other (in shares)		8,390
Other		$ 9
Other	0		(329)			320
Ending balance (in shares) at Jun. 25, 2023		57,997,650
Ending balance at Jun. 25, 2023	$ 1,180,002	$ 579	1,656,558	(172,428)	(78,002)	(226,705)
Beginning balance (in shares) at Mar. 31, 2023	57,085,756	57,085,756
Beginning balance at Mar. 31, 2023	$ 1,131,793	$ 570	1,711,155	(230,528)	(80,802)	(268,602)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	$ 107,289
Ending balance (in shares) at Sep. 24, 2023	58,062,364	58,062,364
Ending balance at Sep. 24, 2023	$ 1,225,744	$ 579	1,653,407	(128,006)	(76,035)	(224,201)
Beginning balance (in shares) at Jun. 25, 2023		57,997,650
Beginning balance at Jun. 25, 2023	1,180,002	$ 579	1,656,558	(172,428)	(78,002)	(226,705)
Increase (Decrease) in Stockholders' Equity
Comprehensive income	46,389			44,422	1,967
Share-based compensation	(627)		(627)
Restricted stock vested and shares withheld (in shares)		10,111
Restricted stock vested and shares withheld	(149)		(579)			430
Employee stock purchase plan (in shares)		5,029
Employee stock purchase plan	132		(59)			191
Other (in shares)		49,574
Other	$ (3)		(1,886)			1,883
Ending balance (in shares) at Sep. 24, 2023	58,062,364	58,062,364
Ending balance at Sep. 24, 2023	$ 1,225,744	$ 579	$ 1,653,407	$ (128,006)	$ (76,035)	$ (224,201)

The Company and Basis of Presen

The Company and Basis of Presentation	6 Months Ended
The Company and Basis of Presentation	Sep. 24, 2023
Accounting Policies [Abstract]
The Company and Basis of Presentation	The Company and Basis of Presentation Nature of Operations —Vista Outdoor Inc. (together with our subsidiaries, "Vista Outdoor", "we", "our", and "us", unless the context otherwise requires) is a leading global designer, manufacturer, and marketer of outdoor recreation and shooting sports products. We operate through two reportable segments, Sporting Products and Outdoor Products. We are headquartered in Anoka, Minnesota and have manufacturing and distribution facilities in the United States, Canada, Mexico, and Puerto Rico along with international customer service, sales and sourcing operations in Asia and Europe. We have a robust global distribution network serving customers in over 100 countries. Vista Outdoor was incorporated in Delaware in 2014. Basis of Presentation —Our unaudited condensed consolidated financial statements have been prepared in accordance with the requirements of the Securities and Exchange Commission ("SEC") for interim reporting. As permitted under those rules, certain disclosures and other financial information that normally are required by accounting principles generally accepted in the United States have been condensed or omitted. Management is responsible for the unaudited condensed consolidated financial statements included in this report, which in the opinion of management, include all adjustments necessary for a fair presentation of our financial position, results of operations, and cash flows for the periods and dates presented. These unaudited condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2023 (“fiscal year 2023”), which was filed with the SEC on May 25, 2023. Change in Presentation —In connection with our preparation of the condensed consolidated financial statements for the three and six months ended September 24, 2023, we changed the presentation of "Earnings before interest and income taxes" to "Operating income" within the consolidated statements of comprehensive income. This correction did not affect previously reported net income and is immaterial to the previously issued financial statements. New Accounting Pronouncements —Our accounting policies are described in Note 1 of the audited consolidated financial statements in our Annual Report on Form 10-K for fiscal year 2023, which was filed with the SEC on May 25, 2023. Such significant accounting policies are applicable for periods prior to the following new accounting standards. Accounting Standards Adopted During this Fiscal Year —In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, which requires a buyer in a supplier finance program to disclose qualitative and quantitative information about its program to allow a user of the financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. The amendments in ASU 2022-04 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with the exception for the amendment on roll-forward information, which is effective for fiscal years beginning after December 15, 2023. The guidance should be applied retrospectively, except for the amendment on roll-forward information, which should be applied prospectively. This ASU was effective for us in the first quarter of fiscal year 2024, with the exception of the amendment on roll-forward information, which will be effective for us in our Form 10-K for fiscal year 2025. We adopted this ASU during the first quarter of fiscal 2024 and the adoption did not have an impact on our condensed consolidated financial statement disclosures.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Sep. 24, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following section describes the valuation methodologies we use to measure our financial instruments at fair value on a recurring basis: Derivative Financial Instruments Hedging instruments (See Note 5, Derivative Financial Instruments) are re-measured on a recurring basis using broker quotes, daily market foreign currency rates and interest rate curves as applicable and are therefore categorized within Level 2 of the fair value hierarchy. Contingent Consideration In connection with some of our acquisitions, we recorded contingent consideration liabilities that can be earned by the sellers upon achievement of certain milestones. The liabilities are measured on a recurring basis and recorded at fair value, using a discounted cash flow analysis or a Monte Carlo simulation analysis in a risk-neutral framework with assumptions for volatility, market price of risk adjustment, risk-free rate, and cost of debt, utilizing revenue projections for the respective earn- out period, corresponding targets and approximate timing of payments as outlined in the purchase agreements. The inputs used to calculate the fair value of the contingent consideration liabilities are considered to be Level 3 inputs due to the lack of relevant market activity and significant management judgment. Changes in the fair value of the contingent consideration obligation results from changes in discount periods and rates, and changes in probability assumptions with respect to the likelihood of achieving the performance targets. The fair value adjustments are recorded in selling, general, and administrative in the condensed consolidated statements of comprehensive income. As of September 24, 2023, the estimated fair values of contingent consideration payable related to our acquisitions of QuietKat, Stone Glacier, and Fox Racing are $5,769, and $5,920 and $0, respectively. Cash payouts during fiscal year 2024 related to our Fox Racing and QuietKat liabilities. See Note 4, Acquisitions , for additional information regarding the Fox Racing acquisition. Contingent consideration liabilities are reported under the following captions in the condensed consolidated balance sheets: September 24, 2023 March 31, 2023 Other current liabilities $ 8,604 $ 8,586 Other long-term liabilities 3,085 11,688 Total $ 11,689 $ 20,274 Following is a summary of our contingent consideration liability Level 3 activity during fiscal year 2024: Balance, March 31, 2023 $ 20,274 Payments made (8,585) Balance, September 24, 2023 $ 11,689 Disclosures about the Fair Value of Financial Instruments The carrying amount of our receivables, inventory, accounts payable, and accrued liabilities as of September 24, 2023 and March 31, 2023 approximates fair value because of the short maturity of these instruments. The carrying values of cash and cash equivalents as of September 24, 2023 and March 31, 2023 are categorized within Level 1 of the fair value hierarchy. The table below discloses information about carrying values and estimated fair value relating to our financial assets and liabilities: September 24, 2023 March 31, 2023 Carrying Fair Carrying Fair Fixed-rate debt (1) $ 500,000 $ 419,000 $ 500,000 $ 404,000 Variable-rate debt (2) 445,000 445,000 560,000 560,000 (1) Fixed rate debt —In fiscal year 2021, we issued $500,000 aggregate principal amount o f 4.5% S enior Notes which will mature on March 15, 2029. These notes are unsecured and senior obligations. The fair value of the fixed-rate debt is based on market quotes for each issuance. We consider these to be Level 2 instruments. See Note 12, Long-term Debt, for additional information on long-term debt, including certain risks and uncertainties. (2) Variable rate debt — The carrying value of the amounts outstanding under our 2022 ABL Revolving Credit Facility and 2022 Term Loan approximates the fair value because the interest rates are variable and reflective of market rates as of September 24, 2023. The fair value of this debt is categorized within Level 2 of the fair value hierarchy based on the observable market borrowing rates. See Note 12, Long-term Debt, for additional information on our credit facilities, including certain risks and uncertainties. We measure certain nonfinancial assets at fair value on a nonrecurring basis if certain indicators are present. These assets include long-lived assets that are written down to fair value when they are held for sale or determined to be impaired. See Note 3, Leases , for discussion of ROU asset impairments. Significant assumptions were used to estimate fair value of the ROU assets, which was categorized within Level 3 of the fair value hierarchy.

Leases

Leases	6 Months Ended
Leases	Sep. 24, 2023
Leases [Abstract]
Leases	Leases We lease certain warehouse and distribution space, manufacturing space, office space, retail locations, equipment, and vehicles. All of these leases are classified as operating leases. Operating lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. We use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. These rates are assessed on a quarterly basis. The operating lease assets also include any lease payments made less lease incentives. Leases with an initial term of twelve months or less are not recorded on the balance sheet. For operating leases, expense is recognized on a straight-line basis over the lease term. Variable lease payments associated with our leases are recognized upon occurrence of the event, activity, or circumstance in the lease agreement on which those payments are assessed. Tenant improvement allowances are recorded as leasehold improvements with an offsetting adjustment included in our calculation of its right-of-use asset. Many leases include one or more options to renew, with renewal terms that can extend the lease term up to five years. The exercise of lease renewal options is at our sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease term. The amounts of assets and liabilities related to our operating leases were as follows: Balance sheet caption September 24, 2023 March 31, 2023 Assets: Operating lease assets Operating lease assets $ 98,709 $ 106,828 Liabilities: Current: Operating lease liabilities Other current liabilities $ 15,562 $ 16,351 Long-term: Operating lease liabilities Long-term operating lease liabilities 97,651 103,313 Total lease liabilities $ 113,213 $ 119,664 The components of lease expense are recorded to cost of sales and selling, general, and administrative expenses in the condensed consolidated statements of comprehensive income. The components of lease expense were as follows: Three months ended Six months ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Fixed operating lease costs (1) $ 7,168 $ 7,089 $ 14,269 $ 12,894 Variable operating lease costs 1,035 995 2,245 1,458 Operating and sub-lease income (238) (156) (430) (307) Net lease costs $ 7,965 $ 7,928 $ 16,084 $ 14,045 (1) Includes short-term leases, which are immaterial. The weighted average remaining lease term and weighted average discount rate is as follows: September 24, 2023 March 31, 2023 Weighted average remaining lease term (years): Operating leases 9.31 9.71 Weighted average discount rate: Operating leases 8.48 % 8.43 % The approximate minimum lease payments under non-cancelable operating leases as of September 24, 2023 are as follows: Remainder of fiscal year 2024 $ 13,280 Fiscal year 2025 21,289 Fiscal year 2026 19,457 Fiscal year 2027 16,985 Fiscal year 2028 14,646 Thereafter 83,047 Total lease payments 168,704 Less imputed interest (55,491) Present value of lease liabilities $ 113,213 Supplemental cash flow information related to leases is as follows: Six months ended September 24, 2023 September 25, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 13,474 $ 10,409 Operating lease assets obtained in exchange for lease liabilities: Operating leases 6,629 29,744 ROU asset re-measurements (6,195) 634 As part of integrating our recent acquisitions, we made a strategic decision to close an office location which is actively being marketed for sublease. Accordingly, during the second fiscal quarter of 2024, we recognized a ROU asset impairment of $2,802, reducing the carrying value of the lease asset to its estimated fair value.

Acquisitions

Acquisitions	6 Months Ended
Acquisitions	Sep. 24, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions During the second quarter of fiscal year 2023, we acquired Simms Fishing Products (Simms), a premium fishing brand and leading manufacturer of waders, outerwear, footwear and technical apparel. We finalized the purchase price allocation during the fourth quarter of fiscal year 2023, and no significant changes were recorded from the original estimation. The results of this business are reported within the Outdoor Recreation operating segment and the Outdoor Products reportable segment. During the second quarter of fiscal year 2023, we acquired Fox (Parent) Holdings, Inc. (“Fox Racing”), a leader in motocross industry and a growing brand in the mountain bike category. We finalized the purchase price allocation during the fourth quarter of fiscal year 2023, and no significant changes were recorded from the original estimation. The results of this business are reported within the Sports Protection operating segment and the Outdoor Products reportable segment. Fiscal year 2023 Fox Racing supplemental pro forma data: Fox's net sales of $57,379 and net income of $4,805 for the three months ended September 25, 2022, are included in our consolidated results in the Outdoor Products reportable segment. The following unaudited pro forma financial information presents our results as if the Fox Racing acquisition had occurred on April 1, 2021: Three months ended September 25, 2022 Six months ended September 25, 2022 Sales, net $ 809,357 $ 1,690,145 Net income 94,611 218,657 The unaudited supplemental pro forma data above includes the following significant non-recurring adjustments to net income to account for certain costs which would have been incurred if the Fox Racing acquisition had been completed on April 1, 2021: Three months ended September 25, 2022 Six months ended September 25, 2022 Fees for advisory, legal, and accounting services (1) $ (4,051) $ (5,965) Inventory step-up, net (2) (2,515) (2,515) Interest (3) 3,197 10,627 Depreciation (4) 180 719 Amortization (5) 1,176 4,245 Management Fees (6) (133) (530) Income tax provision (benefit) (7) 39 (2,142) (1) During the three months and six months ended September 25, 2022, we incurred a total of $4,051 and $5,965 in acquisition related costs, including legal and other professional fees, all of which were reported in selling, general, and administrative expense in the condensed consolidated statements of comprehensive income. This adjustment is to show the results as if those fees were incurred during the first quarter of fiscal year 2022. (2) Adjustment reflects the increased cost of goods sold expense resulting from the fair value step-up in inventory, which was expensed over inventory turns. (3) Adjustment for the estimated interest expense and debt issuance amortization expense on $580,000 in borrowings from Vista's 2022 ABL Revolving Credit Facility and 2022 Term Loan, used to finance the acquisition of Fox Racing. The interest rate assumed for purposes of preparing this pro forma financial information is 5.58%. This rate is the weighted average interest rate for our borrowings under the 2022 ABL Revolving Credit Facility and 2022 Term Loan as of September 25, 2022. (4) Adjustment for depreciation related to the revised fair-value basis of the acquired property, plant and equipment and change in estimated useful lives. (5) Adjustment for amortization of acquired intangible assets. (6) Represents an adjustment for management fees historically charged by the previous owner of Fox Racing under the terms of their management agreement. (7) Income tax effect of the adjustments made at a blended federal, state, and international statutory rate adjusted for any non-deductible acquisition costs.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Sep. 24, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Commodity Price Risk We use designated cash flow hedges to hedge our exposure to price fluctuations on lead we purchase for raw material components in our ammunition manufacturing process that are designated and qualify as effective cash flow hedges. The effectiveness of cash flow hedge contracts is assessed quantitatively at inception and qualitatively thereafter considering the transactions critical terms and counterparty credit quality. The gains and losses on these hedges are included in accumulated other comprehensive loss and are reclassified into earnings at the time the forecasted revenue or expense is recognized. The gains or losses on the lead forward contracts are recorded in inventory as the commodities are purchased and in cost of sales when the related inventory is sold. As of September 24, 2023, we had outstanding lead forward contracts on approximately 2.8 million pounds of lead. In the event the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, the related change in fair value of the derivative instrument would be reclassified from accumulated other comprehensive loss and recognized in earnings. The asset related to the lead forward contracts is immaterial and is recorded as part of other current assets. Foreign Exchange Risk In the normal course of business, we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to transactions of our international subsidiaries. We use designated cash flow hedges and non-designated hedges in the form of foreign currency forward contracts as part of our strategy to manage the level of exposure to the risk of fluctuations in foreign currency exchange rates and to mitigate the impact of foreign currency translation on transactions that are denominated primarily in British Pounds, Euros, and Canadian Dollars. Cash Flow Hedging Instrument We use foreign currency forward contracts designated as qualifying cash flow hedging instruments to help mitigate our exposure on our foreign subsidiaries' inventory purchases and intercompany transactions, which is different than their functional currency. Certain U.S. subsidiaries also hedge a portion of their future sales in Canadian Dollars. These contracts generally mature within 12 months to 15 months from their inception. As of September 24, 2023, the notional amounts of our foreign currency forward contracts designated as cash flow hedge instruments were approximately $13,348. The effectiveness of cash flow hedge contracts is assessed quantitatively at inception and qualitatively thereafter considering the transactions critical terms and counterparty credit quality. Foreign Currency Forward Contracts Not Designated as Hedging Instruments As of September 24, 2023, we have no remaining foreign currency forward contracts not designated as cash flow hedge instruments. In addition, during the three and six months ended September 24, 2023 and September 25, 2022, we recorded net foreign currency translation losses and (gains) of $715 and $(146), respectively, and, $476 and $(146), respectively. Interest Rate swaps During fiscal year 2023, we entered into floating-to-fixed interest rate swaps in order to mitigate the risk of changes in our interest rates on our outstanding variable-rate debt. We will receive variable interest payments from the counterparty lenders in exchange for fixed interest rate payments made by us. As of September 24, 2023, we had the following interest rate swaps outstanding: Notional Fair Value Pay Fixed Receive Floating Maturity Date Non-amortizing swap $ 50,000 $ 358 4.910% 5.383% Feb 2026 Non-amortizing swap 25,000 69 4.650% 5.327% Mar 2026 The amount paid or received under these swaps is recorded as an adjustment to interest expense. All unrealized gains and losses as shown as of September 24, 2023 will be recognized in the condensed consolidated statements of comprehensive income in interest expense within the next two fiscal years, at their then-current value. The following table summarizes the fair value of our derivative instruments as well as the location of the asset and/or liability on the condensed consolidated balance sheets as of September 24, 2023 and consolidated balance sheets as of March 31, 2023: Asset derivatives Derivatives designated as cash flow hedging instruments Balance sheet location September 24, 2023 March 31, 2023 Interest rate swap contract Deferred charges and other non-current assets, net $ 427 $ — Total $ 427 $ — Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ — $ 91 Total $ — $ 91 Liability derivatives Derivatives designated as cash flow hedging instruments Balance sheet location September 24, 2023 March 31, 2023 Foreign currency forward contracts Other current liabilities $ 545 $ 3,252 Interest rate swap contract Other current liabilities — 1,760 Total $ 545 $ 5,012 The following tables summarize the net effect of all cash flow hedges for each of our derivative contracts on the condensed consolidated financial statements for the three and the six months ended September 24, 2023 and September 25, 2022, respectively: Gain (loss) recognized in other comprehensive income Three months ended Six months ended Derivatives designated as cash flow hedging instruments: September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Foreign currency forward contracts $ 403 $ — $ 242 $ — Lead forward contracts 130 (416) 275 (1,030) Interest rate swap contracts 1,121 — 2,392 — Total $ 1,654 $ (416) $ 2,909 $ (1,030) Gain (loss) reclassified from other comprehensive income into earnings Three months ended Six months ended Derivatives designated as cash flow hedging instruments: Location September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Foreign currency forward contracts Cost of Sales $ (789) $ — $ (1,189) $ — Foreign currency forward contracts Other expense, (income), net (539) — (1,218) — Lead forward contracts Cost of Sales 96 (37) 290 29 Interest rate swap contracts Interest expense, net 131 — 204 — Total $ (1,101) $ (37) $ (1,913) $ 29

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Sep. 24, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following tables disaggregate our net sales by major product category: Three months ended September 24, 2023 September 25, 2022 Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 349,500 $ — $ 349,500 $ 432,489 $ — $ 432,489 Outdoor Accessories (2) — 60,696 60,696 — 73,995 73,995 Action Sports (3) — 138,904 138,904 — 150,761 150,761 Outdoor Recreation (4) — 127,708 127,708 — 124,433 124,433 Total $ 349,500 $ 327,308 $ 676,808 $ 432,489 $ 349,189 $ 781,678 Geographic Region: United States $ 310,992 $ 242,208 $ 553,200 $ 396,302 $ 229,657 $ 625,959 Rest of the World 38,508 85,100 123,608 36,187 119,532 155,719 Total $ 349,500 $ 327,308 $ 676,808 $ 432,489 $ 349,189 $ 781,678 Six months ended September 24, 2023 September 25, 2022 Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 726,092 $ — $ 726,092 $ 943,116 $ — $ 943,116 Outdoor Accessories (2) — 114,052 114,052 — 142,080 142,080 Action Sports (3) — 255,298 255,298 — 240,818 240,818 Outdoor Recreation (4) — 274,699 274,699 — 258,276 258,276 Total $ 726,092 $ 644,049 $ 1,370,141 $ 943,116 $ 641,174 $ 1,584,290 Geographic Region: United States $ 654,765 $ 470,727 $ 1,125,492 $ 877,381 $ 432,112 $ 1,309,493 Rest of the World 71,327 173,322 244,649 65,735 209,062 274,797 Total $ 726,092 $ 644,049 $ 1,370,141 $ 943,116 $ 641,174 $ 1,584,290 (1) Sporting Products includes the Ammunition operating segment. (2) Outdoor Accessories includes the Outdoor Accessories operating segment. (3) Action Sports includes the operating segments: Sports Protection and Cycling. (4) Outdoor Recreation includes the operating segments: Hydration, Outdoor Cooking, Golf, Fishing, and our Stone Glacier business. We sell our products in the U.S. and internationally. A majority of our sales are concentrated in the U.S. See Note 16, Operating Segment Information, for information on international revenues. For the majority of our contracts with customers, we recognize revenue for our products at a point in time upon the transfer of control of the products to the customer, which typically occurs upon shipment and coincides with our right to payment, the transfer of legal title, and the transfer of the significant risks and rewards of ownership of the product. For our contracts that include bundled and hardware and software sales, revenue related to delivered hardware and bundled software is recognized when control has transferred to the customer, which typically occurs upon shipment. Revenue allocated to unspecified software update rights is deferred and recognized on a straight-line basis over the estimated period they are expected to be provided. Typically, our contracts require customers to pay within 30-60 days of product delivery with a discount available to some customers for early payment. In some cases, we offer extended payment terms to customers. However, we do not consider these extended payment terms to be a significant financing component of the contract because the payment terms are less than a year. In limited circumstances, our contract with a customer may have shipping terms that indicate a transfer of control of the products upon their arrival at the destination rather than upon shipment. In those cases, we recognize revenue only when the product reaches the customer destination, which may require us to estimate the timing of transfer of control based on the expected delivery date. In all cases, however, we consider our costs related to shipping and handling to be a cost of fulfilling the contract with the customer. The total amount of revenue we recognize for the sale of our products reflects various sales adjustments for discounts, returns, refunds, allowances, rebates, and other customer incentives. These sales adjustments can vary based on market conditions, customer preferences, timing of customer payments, volume of products sold, and timing of new product launches. These adjustments require management to make reasonable estimates of the amount we expect to receive from the customer. We estimate sales adjustments by customer or by product category on the basis of our historical experience with similar contracts with customers, adjusted as necessary to reflect current facts and circumstances and our expectations for the future. Sales taxes, federal excise taxes, and other similar taxes are excluded from revenue. For the immaterial amount of our contracts that have multiple performance obligations, which represent promises within an arrangement that are distinct, we allocate revenue to all distinct performance obligations based on their relative stand-alone selling prices (“SSPs”). When available, we use observable prices to determine SSPs. When observable prices are not available, SSPs are established that reflect our best estimates of what the selling prices of the performance obligations would be if they were sold regularly on a stand-alone basis. We allocate revenue and any related discounts to these performance obligations based on their relative SSPs. Incentives in the form of cash paid to the customer (or a reduction of a customer cash payment to us) typically are recognized as a reduction of sales unless the incentive is for a distinct benefit that we receive from the customer, e.g., advertising or marketing.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Sep. 24, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The computation of basic earnings per share ("EPS") is based on the weighted average number of shares that were outstanding during the period. The computation of diluted EPS is based on the number of basic weighted average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares, such as common stock to be issued upon exercise of options, contingently issuable shares and restricted stock units, using the treasury stock method. In computing EPS for the periods presented, earnings, as reported for each respective period, is divided by the number of shares below: Three months ended Six months ended (Amounts in thousands except per share data) September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Numerator: Net income $ 44,422 $ 93,455 $ 102,522 $ 219,470 Denominator: Weighted-average number of common shares outstanding basic: 58,041 56,553 57,757 56,520 Dilutive effect of share-based awards (1) 258 1,261 669 1,578 Diluted shares 58,299 57,814 58,426 58,098 Earnings per common share: Basic $ 0.77 $ 1.65 $ 1.78 $ 3.88 Diluted $ 0.76 $ 1.62 $ 1.75 $ 3.78 (1) Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the

Receivables

Receivables	6 Months Ended
Receivables	Sep. 24, 2023
Receivables [Abstract]
Receivables	Receivables Our trade accounts receivables are recorded at net realizable value, which includes an appropriate allowance for estimated credit losses. We maintain an allowance for credit losses related to accounts receivable for future expected credit losses resulting from the inability or unwillingness of our customers to make required payments. We estimate the allowance based upon historical bad debts, current customer receivable balances, age of customer receivable balances and the customers' financial condition, and in relation to a representative pool of assets consisting of a large number of customers with similar risk characteristics. The allowance is adjusted as appropriate to reflect differences in current conditions as well as changes in forecasted macroeconomic conditions. Receivables that do not share risk characteristics are evaluated on an individual basis, including those associated with customers that have a higher probability of default. Net receivables are summarized as follows: September 24, 2023 March 31, 2023 Trade receivables $ 406,003 $ 349,424 Other receivables 12,162 8,899 Less: allowance for estimated credit losses and discounts (21,127) (18,950) Net receivables $ 397,038 $ 339,373 Walmart represented 11% and 10% of our total trade receivables balance as of September 24, 2023 and March 31, 2023, respectively. The following provides a reconciliation of the activity related to the allowance for estimated credit losses for the six months ended September 24, 2023: Balance, March 31, 2023 $ 18,950 Provision for credit losses 2,430 Write-off of uncollectible amounts, net of recoveries (253) Balance, September 24, 2023 $ 21,127

Inventories

Inventories	6 Months Ended
Inventories	Sep. 24, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Current net inventories consist of the following: September 24, 2023 March 31, 2023 Raw materials $ 203,262 $ 199,225 Work in process 62,718 63,652 Finished goods 424,009 447,020 Net inventories $ 689,989 $ 709,897

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (AOCL)	6 Months Ended
Accumulated Other Comprehensive Loss (AOCL)	Sep. 24, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss (AOCL)	Accumulated Other Comprehensive Loss (AOCL) The components of AOCL, net of income taxes, are as follows: September 24, 2023 March 31, 2023 Derivatives $ 129 $ (3,543) Pension and other postretirement benefits liabilities (70,325) (71,449) Cumulative translation adjustment (5,839) (5,810) Total AOCL $ (76,035) $ (80,802) The following tables detail the amounts reclassified from AOCL to earnings as well as the changes in derivatives, pension and other postretirement benefits, and foreign currency translation: Three months ended September 24, 2023 Six months ended September 24, 2023 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ (1,969) $ (70,887) $ (5,146) $ (78,002) $ (3,543) $ (71,449) $ (5,810) $ (80,802) Change in fair value of derivatives 1,654 — — 1,654 2,909 — — 2,909 Income tax impact on derivative instruments (657) — — (657) (1,150) — — (1,150) Net losses reclassified from AOCL 1,101 — — 1,101 1,913 — — 1,913 Net actuarial losses reclassified from AOCL (1) — 562 — 562 — 1,124 — 1,124 Net change in cumulative translation adjustment — — (693) (693) — — (29) (29) Ending balance in AOCL $ 129 $ (70,325) $ (5,839) $ (76,035) $ 129 $ (70,325) $ (5,839) $ (76,035) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented, net of tax. Three months ended September 25, 2022 Six months ended September 25, 2022 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ (347) $ (70,381) $ (5,721) $ (76,449) $ (356) $ (71,075) $ (5,248) $ (76,679) Change in fair value of derivatives (416) — — (416) (1,030) — — (1,030) Income tax impact on derivative instruments 92 — — 92 781 — — 781 Net losses/(gains) reclassified from AOCL 37 — — 37 (29) — — (29) Net actuarial losses reclassified from AOCL (1) — 694 — 694 — 1,388 — 1,388 Net change in cumulative translation adjustment — — (1,398) (1,398) — — (1,871) (1,871) Ending balance in AOCL $ (634) $ (69,687) $ (7,119) $ (77,440) $ (634) $ (69,687) $ (7,119) $ (77,440) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented. See Note 13, Employee Benefit Plans .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
Goodwill and Intangible Assets	Sep. 24, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The carrying value of goodwill by reportable segment was as follows: Sporting Products Outdoor Products Total Balance, March 31, 2023 $ 86,105 $ 379,604 $ 465,709 Balance, September 24, 2023 $ 86,105 $ 379,604 $ 465,709 Intangible assets by major asset class consisted of the following: September 24, 2023 March 31, 2023 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,915 $ (34,395) $ 79,520 $ 113,915 $ (30,848) $ 83,067 Patented technology 36,854 (17,781) 19,073 36,854 (16,313) 20,541 Customer relationships and other 530,281 (171,620) 358,661 530,237 (151,272) 378,965 Total 681,050 (223,796) 457,254 681,006 (198,433) 482,573 Non-amortizing trade names 250,603 — 250,603 250,603 — 250,603 Net intangible assets $ 931,653 $ (223,796) $ 707,857 $ 931,609 $ (198,433) $ 733,176 The net increase in gross intangible assets during the second quarter of fiscal year 2024 was due to the impact of foreign exchange rates. Amortization expense was $12,629 and $10,947 for the three months ended September 24, 2023 and September 25, 2022, respectively, and was $25,336 and $18,983 for the six months ended September 24, 2023 and September 25, 2022, respectively. As of September 24, 2023, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2024 $ 25,302 Fiscal year 2025 50,586 Fiscal year 2026 47,577 Fiscal year 2027 46,127 Fiscal year 2028 40,957 Thereafter 246,705 Total $ 457,254

Long-Term Debt

Long-Term Debt	6 Months Ended
Long-Term Debt	Sep. 24, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-term Debt Long-term debt consisted of the following: September 24, 2023 March 31, 2023 2022 ABL Revolving Credit Facility $ 295,000 $ 355,000 2022 Term Loan 150,000 205,000 Total Principal Amount of Credit Agreements 445,000 560,000 4.5% Senior Notes 500,000 500,000 Total Principal Amount of Long-Term Debt 945,000 1,060,000 Less: unamortized deferred financing costs related to term loans (7,462) (10,342) Carrying amount of long-term debt 937,538 1,049,658 Less: current portion (150,000) (65,000) Carrying amount of long-term debt, excluding current portion $ 787,538 $ 984,658 Credit Agreements —On August 5, 2022, we refinanced our 2021 ABL Revolving Credit Facility by entering into the 2022 ABL Revolving Credit Facility, which provides for a $600,000 senior secured asset-based revolving credit facility. The amount available under the 2022 ABL Revolving Credit Facility is the lesser of the total commitment of $600,000 or a borrowing base based on percentages of eligible receivables, inventory, and cash, minus certain reserves, but, in each case, subject to the excess availability financial covenant under the 2022 ABL Revolving Credit Facility described below. As of September 24, 2023, the Excess Availability, or the amount available to borrow under the 2022 ABL Revolving Credit Facility, based on the borrowing base less outstanding borrowings of $295,000 and outstanding letters of credit of $14,878, less the minimum required borrowing base of $57,000, was $170,289. The 2022 ABL Revolving Credit Facility matures on March 31, 2026 (the “Maturity Date”), subject to a customary springing maturity in respect of the 4.5% Notes due 2029 (described below) and the 2022 Term Loan (described below). Any outstanding revolving loans under the 2022 ABL Revolving Credit Facility will be payable in full on the Maturity Date. Concurrently with the effectiveness of the 2022 ABL Revolving Credit Facility, we also obtained a $350,000 senior secured asset-based term loan facility (the “2022 Term Loan”). The 2022 Term Loan matures on August 5, 2024 (the "Term Maturity Date") and is subject to quarterly principal payments on the last business day of each quarter in an amount equal to (i) 12.5% of the original principal amount of the 2022 Term Loan if the aggregate outstanding principal balance of the 2022 Term Loan exceeds the Term Loan Formula Threshold described below, or (ii) 10.0% of the original principal amount of the 2022 Term Loan if the aggregate outstanding principal balance of the 2022 Term Loan is equal to or less than the Term Loan Formula Threshold described below. As of September 24, 2023, our quarterly principal payments are equal to 10.0% of the original principal amount of the 2022 Term Loan. The 2022 Term Loan is also subject to certain mandatory prepayment requirements, including with respect to the net cash proceeds from the sale of certain collateral, subject to our rights to reinvest such proceeds, and a percentage of our excess cash flow, to be calculated annually. The Term Loan Formula Threshold is based on a percentage of the appraisal value of eligible intellectual property, eligible machinery and equipment, and the fair market value of eligible real property minus certain reserves. Any outstanding term loans under the 2022 Term Loan will be payable in full on the Term Maturity Date. Borrowings under the 2022 ABL Revolving Credit Facility bear interest at a rate equal to either the sum of a base rate plus a margin ranging from 0.25% to 0.75% or the sum of a Term Secured Overnight Financing Rate ("Term SOFR") plus a credit spread adjustment of 0.10%, plus a margin ranging from 1.25% to 1.75%. The margins vary based on our Average Excess Availability under the 2022 ABL Revolving Credit Facility. As of September 24, 2023, the margin under the 2022 ABL Revolving Credit Facility was 0.5% for base rate loans and 1.5% for Term SOFR loans. We pay a commitment fee on the unused commitments under the 2022 ABL Revolving Credit Facility of 0.175% per annum. Borrowings under the 2022 Term Loan bear interest at a rate equal to either the sum of a base rate plus a margin ranging from 2.50% to 3.00% or the sum of Term SOFR plus a credit spread adjustment of 0.10%, plus a margin ranging from 3.50% to 4.00%. The margins vary based on our Term Loan Formula Threshold under the 2022 Term Loan. As of September 24, 2023, the margin under the 2022 Term Loan was 2.50% for base rate loans and 3.50% for Term SOFR loans. As of September 24, 2023, the weighted average interest rate for our borrowings under the 2022 ABL Revolving Credit Facility and 2022 Term Loan was 7.50%. Debt issuance costs incurred to date related to the 2022 ABL Revolving Credit Facility were approximately $11,310, which included remaining unamortized debt issuance costs related to the 2021 ABL Credit Facility. These costs were initially included in other current and non-current assets and are being amortized over the term of the 2022 ABL Revolving Credit Facility to interest expense. We incurred debt issuance costs related to the 2022 Term Loan of approximately $10,453. The debt issuance costs associated with the 2022 Term Loan are being amortized to interest expense over 2 years. Substantially all domestic tangible and intangible assets of Vista Outdoor and our domestic subsidiaries are pledged as collateral under the 2022 ABL Revolving Credit Facility and 2022 Term Loan. 4.5% Notes —In fiscal year 2021, we issued $500,000 aggregate principal amount of 4.5% Notes that mature on March 15, 2029. These notes are unsecured and senior obligations. Interest on the notes is payable semi-annually in arrears on March 15 and September 15 of each year. We have the right to redeem some or all of these notes on or after March 15, 2024 at specified redemption prices. Prior to March 15, 2024, we may redeem some or all of these notes at a price equal to 100% of their principal amount plus accrued and unpaid interest to the date of redemption and a specified make-whole premium. In addition, prior to March 15, 2024, we may redeem up to 40% of the aggregate principal amount of these notes with the net cash proceeds of certain equity offerings, at a price equal to 104.5% of their principal amount plus accrued and unpaid interest to the date of redemption. Debt issuance costs of approximately $4,491 are being amortized to interest expense over eight years, the term of the notes. Rank and guarantees —The 2022 ABL Revolving Credit Facility and 2022 Term Loan obligations are guaranteed on a secured basis, jointly and severally and fully and unconditionally by substantially all of our domestic subsidiaries. Vista Outdoor (the parent company issuer) has no independent assets or operations. We own 100% of all of these guarantor subsidiaries. The 4.5% Notes are senior unsecured obligations of Vista Outdoor and will rank equally in right of payment with any future senior unsecured indebtedness and senior in right of payment to any future subordinated indebtedness of Vista Outdoor. The 4.5% Notes are fully and unconditionally guaranteed, jointly and severally, by our existing and future domestic subsidiaries that guarantee indebtedness under our 2022 ABL Revolving Credit Facility and 2022 Term Loan or that incur or guarantee certain of our other indebtedness, or indebtedness of any subsidiary guarantor, in an aggregate principal amount in excess of $75,000. These guarantees are senior unsecured obligations of the applicable subsidiary guarantors. The guarantee by any subsidiary guarantor of our obligations in respect of the 4.5% Notes will be released in any of the following circumstances: • if, as a result of the sale of its capital stock, such subsidiary guarantor ceases to be a restricted subsidiary, • if such subsidiary guarantor is designated as an “Unrestricted Subsidiary”, • upon defeasance or satisfaction and discharge of the 4.5% Notes, or • if such subsidiary guarantor has been released from its guarantees of indebtedness under the 2022 ABL Revolving Credit Facility and 2022 Term Loan and all capital markets debt securities Covenants 2022 ABL Revolving Credit Facility —Our 2022 ABL Revolving Credit Facility and 2022 Term Loan impose restrictions on us, including limitations on our ability to pay cash dividends, incur debt or liens, redeem or repurchase Vista Outdoor stock, enter into transactions with affiliates, make investments, merge or consolidate with others or dispose of assets. Each of the 2022 ABL Revolving Credit Facility and 2022 Term Loan contains a financial covenant which requires that Excess Availability under the 2022 ABL Revolving Credit Facility cannot fall below the greater of (a) 10% of the line cap or (b) $57,000. As a result of this financial covenant, we must maintain Excess Availability of at least the greater of 10% of the line cap or $57,000 at all times in order to satisfy the financial covenant. In addition, as long as the 2022 Term Loan remains outstanding, we also must maintain a maximum consolidated leverage ratio (as defined in the credit agreement) of 3.00:1.00 as of the end of each fiscal quarter. As of September 24, 2023, the consolidated leverage ratio was 1.85. Each of the 2022 ABL Revolving Credit Facility and the 2022 Term Loan includes a covenant that prohibits the “Planned Separation” (as defined in Vista Outdoor’s Form 10-K filing for the fiscal year ended March 31, 2022) with respect to the separation of Vista Outdoor’s Outdoor Products and Sporting Products segments or any analogous transaction with respect to any line of business, business segment or division (or any part thereof) of Vista Outdoor or any subsidiary thereof. Subsequent to quarter-end, we announced our entry into a definitive agreement to sell our Sporting Products business to Czechoslovak Group a.s. (“CSG”) on a cash-free, debt-free basis with a normalized level of working capital (the “Sporting Products Sale”). See Note 17, Subsequent Event, for further discussion of the Sporting Products Sale. Vista Outdoor anticipates that each of the 2022 ABL Revolving Credit Facility and the 2022 Term Loan will be repaid in full (or, in the case of the 2022 ABL Revolving Credit Facility, amended to unconditionally release all Sporting Products entities from their obligations thereunder) prior to or upon the consummation of the Sporting Products Sale. If we do not comply with the covenants in the 2022 ABL Revolving Credit Facility or 2022 Term Loan, the lenders under the applicable facility may, subject to customary cure rights, require the immediate payment of all amounts outstanding under such facility. As noted above, the Excess Availability less the minimum required borrowing base under the 2022 ABL Revolving Credit Facility was $170,289 as of September 24, 2023. Vista Outdoor has the option to increase the amount of the 2022 ABL Revolving Credit Facility in an aggregate principal amount not to exceed $150,000, to the extent that any one or more lenders, whether or not currently party to the 2022 ABL Revolving Credit Facility, commit to be a lender for such amount. 4.5% Notes —The indenture governing the 4.5% Notes contains covenants that, among other things, limit our ability to incur or permit to exist certain liens, sell, transfer or otherwise dispose of assets, consolidate, amalgamate, merge or sell all or substantially all of our assets, enter into transactions with affiliates, enter into agreements restricting our subsidiaries’ ability to pay dividends, incur additional indebtedness, pay dividends, make other distributions, repurchase, or redeem our capital stock, prepay, redeem or repurchase certain debt and make loans and investments. Vista Outdoor anticipates that the 4.5% Notes will be redeemed in full upon the consummation of the Sporting Products Sale. See Note 17, Subsequent Event, for further discussion. The 2022 ABL Revolving Credit Facility, the 2022 Term Loan, and the indenture governing the 4.5% Notes contain cross-default provisions so that noncompliance with the covenants within one debt agreement could also cause a default under the other debt agreement. As of September 24, 2023, we were in compliance with the covenants of all of our debt agreements. However, we cannot provide assurance that we will be able to comply with such financial covenants in the future due to various risks and uncertainties, some of which may be beyond our control. Any failure to comply with the restrictions in the 2022 ABL Revolving Credit Facility and 2022 Term Loan may prevent us from drawing under these loans and may result in an event of default under the 2022 ABL Revolving Credit Facility and 2022 Term Loan, which default may allow the creditors to accelerate the related indebtedness and the indebtedness under our 4.5% Notes and proceed against the collateral that secures such indebtedness. We may not have sufficient liquidity to repay the indebtedness in such circumstances. Interest Rate swaps During fiscal year 2023, we entered into floating-to-fixed interest rate swaps in order to mitigate the risk of changes in our interest rates on our outstanding variable-rate debt. We will receive variable interest payments from the counterparty lenders in exchange for fixed interest rate payments made by us. See Note 5, Derivative Financial Instruments , for additional information on our interest rate swap contracts. Cash Paid for Interest on Debt Cash paid for interest on debt, for the three months ended September 24, 2023 and September 25, 2022 totaled $19,999 and $12,120, respectively. Cash paid for interest on debt, for the six months ended September 24, 2023 and September 25, 2022 totaled $29,813 and $13,211, respectively.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
Employee Benefit Plans	Sep. 24, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans We recognized an aggregate net loss of $237 and $381 for employee defined benefit plans during the three months ended September 24, 2023 and September 25, 2022, respectively. We recognized an aggregate net loss of $474 and $762 for employee defined benefit plans during the six months ended September 24, 2023 and September 25, 2022, respectively. Employer contributions and distributions —We made contributions of $0 and $0 to our pension trust during the six months ended September 24, 2023 and September 25, 2022, respectively. No additional contributions are required and we are not expecting to make any contributions to our pension trust for the remainder of fiscal year 2024. For those same periods, we made no contributions to our other postretirement benefit plans, and we made no distributions to retirees under our non-qualified supplemental executive retirement plan. No additional contributions are required and we are not expecting to make any contributions to our other postretirement benefit plans, or directly to retirees under our non-qualified supplemental executive retirement plans for the remainder of fiscal year 2024.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Sep. 24, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our provision for income taxes includes federal, foreign, and state income taxes. Income tax provisions for interim periods are based on the estimated effective annual income tax rates for the current year and the prior year. The income tax provisions for the three months ended September 24, 2023 and September 25, 2022 represent effective tax rates of 23.4% and 20.8%, respectively. The increase in the effective tax rate from the prior year three month period is primarily driven by a decrease in discrete tax benefit items recognized during the prior year quarter. The income tax provisions for the six months ended September 24, 2023 and September 25, 2022 represent effective tax rates of 23.1% and 22.7%, respectively. The increase in the effective tax rate from the prior year six month period is primarily driven by a decrease in discrete tax benefit items recognized during the prior year period offset in part by an increase in current period tax credits over lower current year income, resulting in a larger rate benefit. The effective tax rate for the three and six months ended September 24, 2023 and September 25, 2022 is reflective of the federal statutory rate of 21% increased by the state taxes and reserves for uncertain tax positions and partially offset by the deduction for Foreign-Derived Intangible Income and research and development tax credit. Income taxes paid, net of refunds, totaled $47,092 and $60,068 for the six months ended September 24, 2023 and September 25, 2022, respectively. We have classified uncertain tax positions as non-current income tax liabilities unless expected to be paid within one year. The amount of unrecognized tax benefits, including interest and penalties, amounted to $31,316 and $28,692 as of September 24, 2023 and March 31, 2023, respectively. Although the timing and outcome of income tax audit settlements are uncertain, it is expected that a $9,032 reduction of the liability for uncertain tax benefits will occur in the next 12 months. The settlement of these unrecognized tax benefits could result in earnings from $0 to $8,243.

Contingencies

Contingencies	6 Months Ended
Contingencies	Sep. 24, 2023
Loss Contingency [Abstract]
Contingencies	Contingencies We lease certain warehouse, distribution and office facilities, vehicles, and office equipment under operating leases. These operating lease liabilities represent commitments for minimum lease payments under non-cancelable operating leases in the amount of $168,704. See Note 3, Leases . Litigation From time-to-time, we are subject to various legal proceedings, including lawsuits, which arise out of, and are incidental to, the conduct of our business. We do not consider any of such proceedings that are currently pending, individually or in the aggregate, to be material to our business or likely to result in a material adverse effect on our operating results, financial position, or cash flows. Environmental liabilities Our operations and ownership or use of real property are subject to a number of federal, state, and local environmental laws and regulations, as well as applicable foreign laws and regulations, including those governing the discharge of hazardous materials, remediation of contaminated sites, and restoration of damage to the environment. We are obligated to conduct investigation and/or remediation activities at certain sites that we own or operate or formerly owned or operated. Certain of our former subsidiaries have been identified as a potentially responsible party ("PRPs" or "PRP"), along with other parties, in regulatory agency actions associated with hazardous waste sites. As a PRP, those former subsidiaries may be required to pay a share of the costs of the investigation and clean-up of these sites. In that event, we would be obligated to indemnify those subsidiaries for those costs. While uncertainties exist with respect to the amounts and timing of the ultimate environmental liabilities, based on currently available information, we have concluded that these matters, individually or in the aggregate, will not have a material adverse effect on our operating results, financial position, or cash flows. We have recorded a liability for environmental remediation of $656 and $717 as of September 24, 2023 and March 31, 2023, respectively.

Operating Segment Information

Operating Segment Information	6 Months Ended
Operating Segment Information	Sep. 25, 2022
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information As of September 24, 2023, we have eight operating segments, which have been aggregated into two reportable segments, Sporting Products and Outdoor Products. This is consistent with how our chief operating decision maker (CODM), our Chief Executive Officer, allocates resources and makes decisions. Our Ammunition operating segment is in its own reportable segment which has been named Sporting Products. We aggregate our Outdoor Accessories, Sports Protection, Outdoor Cooking, Hydration, Golf, Fishing, and Cycling operating segments into the Outdoor Products reportable segment. The operating segments aggregating into our Outdoor Products reportable segment rely primarily on international suppliers to manufacture the products they sell, which impacts their economic characteristics in a similar manner. These operating segments also share other commonalities or risks, such as technology or intellectual property sharing, common regulated environments, similar input cost risks, and nature of their products. Consumers of the products in these operating segments are typically looking to upgrade or replace their products in a similar time frame. Our CODM relies on internal management reporting that analyzes our operating segment's operating income. Certain corporate-related costs and other non-recurring costs are not allocated to the segments in order to present comparable results from period to period and are not utilized by management in determining segment profitability. As segment assets are not reported to or used by the CODM to measure business performance or allocate resources, total segment assets are not presented below. Our Sporting Products and Outdoor Products reportable segments generated approximately 53% and 47%, respectively, of our external sales in the six months ended September 24, 2023. No single customer contributed more than 10% of our sales in the six months ended September 24, 2023 and September 25, 2022. The following tables contain information utilized by management to evaluate our operating segments for the periods presented: Three months ended September 24, 2023 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 349,500 $ 327,308 $ 676,808 $ — $ 676,808 Gross profit 115,239 93,631 208,870 — 208,870 Operating income $ 92,348 $ 12,854 $ 105,202 $ (29,417) $ 75,785 Other expense, net — — — (1,174) (1,174) Interest expense, net — — — (16,643) (16,643) Income before income taxes $ 92,348 $ 12,854 $ 105,202 $ (47,234) $ 57,968 Depreciation and amortization $ 6,458 $ 17,474 $ 23,932 $ 947 $ 24,879 Six months ended September 24, 2023 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 726,092 $ 644,049 $ 1,370,141 $ — $ 1,370,141 Gross profit 247,142 188,485 435,627 — 435,627 Operating income $ 200,812 $ 19,378 $ 220,190 $ (52,219) $ 167,971 Other expense, net — — — (1,715) (1,715) Interest expense, net — — — (32,861) (32,861) Income before income taxes $ 200,812 $ 19,378 $ 220,190 $ (86,795) $ 133,395 Depreciation and amortization $ 12,857 $ 35,052 $ 47,909 $ 1,897 $ 49,806 Three months ended September 25, 2022 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 432,489 $ 349,189 $ 781,678 $ — $ 781,678 Gross Profit 159,138 106,771 265,909 (3,035) 262,874 Operating income $ 133,552 $ 29,730 $ 163,282 $ (32,115) $ 131,167 Other income, net — — — 741 741 Interest expense, net — — — (13,934) (13,934) Income before income taxes $ 133,552 $ 29,730 $ 163,282 $ (45,308) $ 117,974 Depreciation and amortization $ 6,398 $ 15,543 $ 21,941 $ 1,043 $ 22,984 Six months ended September 25, 2022 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 943,116 $ 641,174 $ 1,584,290 $ — $ 1,584,290 Gross Profit 360,100 199,279 559,379 (3,035) 556,344 Operating income $ 309,638 $ 57,416 $ 367,054 $ (63,462) $ 303,592 Other income, net — — — 741 741 Interest expense, net — — — (20,244) (20,244) Income before income taxes $ 309,638 $ 57,416 $ 367,054 $ (82,965) $ 284,089 Depreciation and amortization $ 12,780 $ 27,350 $ 40,130 $ 2,170 $ 42,300 (a) includes corporate general and administrative expenses of $28,012 and $49,409 for the three and six months ended September 24, 2023 and $37,124 and $64,252 for the three and six months ended September 25, 2022, respectively, plus other non-recurring costs that are not allocated to the segments in order to present comparable results as presented to the CODM. Reconciling items for the three and six months ended September 24, 2023 included post-acquisition compensation expense of $1,405 and $2,810, respectively. Reconciling items for the three and six months ended September 25, 2022 included post-acquisition compensation expense of $3,269 and $7,600, inventory fair value step-up expenses related to acquisitions the Fox Racing and Simms acquisitions of $3,035 and $3,035, and contingent consideration fair value adjustment of $(11,313) and $(11,425), respectively. Sales, net, exclude all intercompany sales between Sporting Products and Outdoor Products, which were not material for the three and six months ended September 24, 2023 and September 25, 2022.

Subsequent Event

Subsequent Event	6 Months Ended
Subsequent Event	Sep. 24, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventSubsequent to quarter-end, we announced our entry into a definitive agreement to sell our Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1,910,000 on a cash-free, debt-free basis with a normalized level of working capital, in an all-cash transaction subject to customary closing conditions (the “Sporting Products Sale”). The Sporting Products Sale represents the next step in our plan to split the Company into separate entities, which was previously announced on May 5, 2022. The Sporting Products Sale is expected to close in calendar year 2024, subject to approval of our stockholders, receipt of necessary regulatory approvals and other customary closing conditions. To effect the transaction, Vista Outdoor will separate its Outdoor Products business from its Sporting Products business by transferring the assets and liabilities of its Outdoor Products business to a wholly owned subsidiary of Vista Outdoor, Revelyst, Inc. (“Revelyst”), and CSG will merge one of its subsidiaries with Vista Outdoor (holding only the Sporting Products business), with each share of common stock of Vista Outdoor outstanding as of immediately prior to the closing of the Sporting Products Sale (other than shares held by Vista Outdoor, its subsidiaries or CSG, which will be canceled, and shares subject to appraisal demands in connection with the Sporting Products Sale) being converted into the right to receive (a) one fully paid and non-assessable share of common stock of Revelyst and (b) $12.90 in cash. See Executive Summary of Item 2., Management's Discussion and Analysis of Financial Condition and Results of Operations

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 24, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

The Company and Basis of Pres_2

The Company and Basis of Presentation (Policies)	6 Months Ended
The Company and Basis of Presentation (Policies)	Sep. 24, 2023
Accounting Policies [Abstract]
New Accounting Pronouncements and Accounting Standards Adopted During this Fiscal Year	New Accounting Pronouncements —Our accounting policies are described in Note 1 of the audited consolidated financial statements in our Annual Report on Form 10-K for fiscal year 2023, which was filed with the SEC on May 25, 2023. Such significant accounting policies are applicable for periods prior to the following new accounting standards. Accounting Standards Adopted During this Fiscal Year —In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, which requires a buyer in a supplier finance program to disclose qualitative and quantitative information about its program to allow a user of the financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. The amendments in ASU 2022-04 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with the exception for the amendment on roll-forward information, which is effective for fiscal years beginning after December 15, 2023. The guidance should be applied retrospectively, except for the amendment on roll-forward information, which should be applied prospectively. This ASU was effective for us in the first quarter of fiscal year 2024, with the exception of the amendment on roll-forward information, which will be effective for us in our Form 10-K for fiscal year 2025. We adopted this ASU during the first quarter of fiscal 2024 and the adoption did not have an impact on our condensed consolidated financial statement disclosures.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 24, 2023
Fair Value Disclosures [Abstract]
Schedule of Long-Term Contingent Consideration Liability	Contingent consideration liabilities are reported under the following captions in the condensed consolidated balance sheets: September 24, 2023 March 31, 2023 Other current liabilities $ 8,604 $ 8,586 Other long-term liabilities 3,085 11,688 Total $ 11,689 $ 20,274 Following is a summary of our contingent consideration liability Level 3 activity during fiscal year 2024: Balance, March 31, 2023 $ 20,274 Payments made (8,585) Balance, September 24, 2023 $ 11,689
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The table below discloses information about carrying values and estimated fair value relating to our financial assets and liabilities: September 24, 2023 March 31, 2023 Carrying Fair Carrying Fair Fixed-rate debt (1) $ 500,000 $ 419,000 $ 500,000 $ 404,000 Variable-rate debt (2) 445,000 445,000 560,000 560,000 (1) Fixed rate debt —In fiscal year 2021, we issued $500,000 aggregate principal amount o f 4.5% S enior Notes which will mature on March 15, 2029. These notes are unsecured and senior obligations. The fair value of the fixed-rate debt is based on market quotes for each issuance. We consider these to be Level 2 instruments. See Note 12, Long-term Debt, for additional information on long-term debt, including certain risks and uncertainties. (2) Variable rate debt — The carrying value of the amounts outstanding under our 2022 ABL Revolving Credit Facility and 2022 Term Loan approximates the fair value because the interest rates are variable and reflective of market rates as of September 24, 2023. The fair value of this debt is categorized within Level 2 of the fair value hierarchy based on the observable market borrowing rates. See Note 12, Long-term Debt, for additional information on our credit facilities, including certain risks and uncertainties.

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Sep. 24, 2023
Leases [Abstract]
Schedule of operating lease assets and liabilities	The amounts of assets and liabilities related to our operating leases were as follows: Balance sheet caption September 24, 2023 March 31, 2023 Assets: Operating lease assets Operating lease assets $ 98,709 $ 106,828 Liabilities: Current: Operating lease liabilities Other current liabilities $ 15,562 $ 16,351 Long-term: Operating lease liabilities Long-term operating lease liabilities 97,651 103,313 Total lease liabilities $ 113,213 $ 119,664
Schedule of lease cost and supplemental cash flow information	The components of lease expense are recorded to cost of sales and selling, general, and administrative expenses in the condensed consolidated statements of comprehensive income. The components of lease expense were as follows: Three months ended Six months ended September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Fixed operating lease costs (1) $ 7,168 $ 7,089 $ 14,269 $ 12,894 Variable operating lease costs 1,035 995 2,245 1,458 Operating and sub-lease income (238) (156) (430) (307) Net lease costs $ 7,965 $ 7,928 $ 16,084 $ 14,045 (1) Includes short-term leases, which are immaterial. The weighted average remaining lease term and weighted average discount rate is as follows: September 24, 2023 March 31, 2023 Weighted average remaining lease term (years): Operating leases 9.31 9.71 Weighted average discount rate: Operating leases 8.48 % 8.43 % Supplemental cash flow information related to leases is as follows: Six months ended September 24, 2023 September 25, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 13,474 $ 10,409 Operating lease assets obtained in exchange for lease liabilities: Operating leases 6,629 29,744 ROU asset re-measurements (6,195) 634
Schedule of future minimum lease payments	The approximate minimum lease payments under non-cancelable operating leases as of September 24, 2023 are as follows: Remainder of fiscal year 2024 $ 13,280 Fiscal year 2025 21,289 Fiscal year 2026 19,457 Fiscal year 2027 16,985 Fiscal year 2028 14,646 Thereafter 83,047 Total lease payments 168,704 Less imputed interest (55,491) Present value of lease liabilities $ 113,213

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
Acquisitions (Tables)	Sep. 24, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Pro Forma Financial Information	The following unaudited pro forma financial information presents our results as if the Fox Racing acquisition had occurred on April 1, 2021: Three months ended September 25, 2022 Six months ended September 25, 2022 Sales, net $ 809,357 $ 1,690,145 Net income 94,611 218,657 The unaudited supplemental pro forma data above includes the following significant non-recurring adjustments to net income to account for certain costs which would have been incurred if the Fox Racing acquisition had been completed on April 1, 2021: Three months ended September 25, 2022 Six months ended September 25, 2022 Fees for advisory, legal, and accounting services (1) $ (4,051) $ (5,965) Inventory step-up, net (2) (2,515) (2,515) Interest (3) 3,197 10,627 Depreciation (4) 180 719 Amortization (5) 1,176 4,245 Management Fees (6) (133) (530) Income tax provision (benefit) (7) 39 (2,142) (1) During the three months and six months ended September 25, 2022, we incurred a total of $4,051 and $5,965 in acquisition related costs, including legal and other professional fees, all of which were reported in selling, general, and administrative expense in the condensed consolidated statements of comprehensive income. This adjustment is to show the results as if those fees were incurred during the first quarter of fiscal year 2022. (2) Adjustment reflects the increased cost of goods sold expense resulting from the fair value step-up in inventory, which was expensed over inventory turns. (3) Adjustment for the estimated interest expense and debt issuance amortization expense on $580,000 in borrowings from Vista's 2022 ABL Revolving Credit Facility and 2022 Term Loan, used to finance the acquisition of Fox Racing. The interest rate assumed for purposes of preparing this pro forma financial information is 5.58%. This rate is the weighted average interest rate for our borrowings under the 2022 ABL Revolving Credit Facility and 2022 Term Loan as of September 25, 2022. (4) Adjustment for depreciation related to the revised fair-value basis of the acquired property, plant and equipment and change in estimated useful lives. (5) Adjustment for amortization of acquired intangible assets. (6) Represents an adjustment for management fees historically charged by the previous owner of Fox Racing under the terms of their management agreement. (7) Income tax effect of the adjustments made at a blended federal, state, and international statutory rate adjusted for any non-deductible acquisition costs.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Sep. 24, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	As of September 24, 2023, we had the following interest rate swaps outstanding: Notional Fair Value Pay Fixed Receive Floating Maturity Date Non-amortizing swap $ 50,000 $ 358 4.910% 5.383% Feb 2026 Non-amortizing swap 25,000 69 4.650% 5.327% Mar 2026
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the fair value of our derivative instruments as well as the location of the asset and/or liability on the condensed consolidated balance sheets as of September 24, 2023 and consolidated balance sheets as of March 31, 2023: Asset derivatives Derivatives designated as cash flow hedging instruments Balance sheet location September 24, 2023 March 31, 2023 Interest rate swap contract Deferred charges and other non-current assets, net $ 427 $ — Total $ 427 $ — Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ — $ 91 Total $ — $ 91 Liability derivatives Derivatives designated as cash flow hedging instruments Balance sheet location September 24, 2023 March 31, 2023 Foreign currency forward contracts Other current liabilities $ 545 $ 3,252 Interest rate swap contract Other current liabilities — 1,760 Total $ 545 $ 5,012
Derivative Instruments, Gain (Loss)	The following tables summarize the net effect of all cash flow hedges for each of our derivative contracts on the condensed consolidated financial statements for the three and the six months ended September 24, 2023 and September 25, 2022, respectively: Gain (loss) recognized in other comprehensive income Three months ended Six months ended Derivatives designated as cash flow hedging instruments: September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Foreign currency forward contracts $ 403 $ — $ 242 $ — Lead forward contracts 130 (416) 275 (1,030) Interest rate swap contracts 1,121 — 2,392 — Total $ 1,654 $ (416) $ 2,909 $ (1,030) Gain (loss) reclassified from other comprehensive income into earnings Three months ended Six months ended Derivatives designated as cash flow hedging instruments: Location September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Foreign currency forward contracts Cost of Sales $ (789) $ — $ (1,189) $ — Foreign currency forward contracts Other expense, (income), net (539) — (1,218) — Lead forward contracts Cost of Sales 96 (37) 290 29 Interest rate swap contracts Interest expense, net 131 — 204 — Total $ (1,101) $ (37) $ (1,913) $ 29

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Sep. 24, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate our net sales by major product category: Three months ended September 24, 2023 September 25, 2022 Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 349,500 $ — $ 349,500 $ 432,489 $ — $ 432,489 Outdoor Accessories (2) — 60,696 60,696 — 73,995 73,995 Action Sports (3) — 138,904 138,904 — 150,761 150,761 Outdoor Recreation (4) — 127,708 127,708 — 124,433 124,433 Total $ 349,500 $ 327,308 $ 676,808 $ 432,489 $ 349,189 $ 781,678 Geographic Region: United States $ 310,992 $ 242,208 $ 553,200 $ 396,302 $ 229,657 $ 625,959 Rest of the World 38,508 85,100 123,608 36,187 119,532 155,719 Total $ 349,500 $ 327,308 $ 676,808 $ 432,489 $ 349,189 $ 781,678 Six months ended September 24, 2023 September 25, 2022 Sporting Products Outdoor Products Total Sporting Products Outdoor Products Total Sporting Products (1) $ 726,092 $ — $ 726,092 $ 943,116 $ — $ 943,116 Outdoor Accessories (2) — 114,052 114,052 — 142,080 142,080 Action Sports (3) — 255,298 255,298 — 240,818 240,818 Outdoor Recreation (4) — 274,699 274,699 — 258,276 258,276 Total $ 726,092 $ 644,049 $ 1,370,141 $ 943,116 $ 641,174 $ 1,584,290 Geographic Region: United States $ 654,765 $ 470,727 $ 1,125,492 $ 877,381 $ 432,112 $ 1,309,493 Rest of the World 71,327 173,322 244,649 65,735 209,062 274,797 Total $ 726,092 $ 644,049 $ 1,370,141 $ 943,116 $ 641,174 $ 1,584,290 (1) Sporting Products includes the Ammunition operating segment. (2) Outdoor Accessories includes the Outdoor Accessories operating segment. (3) Action Sports includes the operating segments: Sports Protection and Cycling. (4) Outdoor Recreation includes the operating segments: Hydration, Outdoor Cooking, Golf, Fishing, and our Stone Glacier business.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Sep. 24, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	In computing EPS for the periods presented, earnings, as reported for each respective period, is divided by the number of shares below: Three months ended Six months ended (Amounts in thousands except per share data) September 24, 2023 September 25, 2022 September 24, 2023 September 25, 2022 Numerator: Net income $ 44,422 $ 93,455 $ 102,522 $ 219,470 Denominator: Weighted-average number of common shares outstanding basic: 58,041 56,553 57,757 56,520 Dilutive effect of share-based awards (1) 258 1,261 669 1,578 Diluted shares 58,299 57,814 58,426 58,098 Earnings per common share: Basic $ 0.77 $ 1.65 $ 1.78 $ 3.88 Diluted $ 0.76 $ 1.62 $ 1.75 $ 3.78 (1) Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the

Receivables (Tables)

Receivables (Tables)	6 Months Ended
Receivables (Tables)	Sep. 24, 2023
Receivables [Abstract]
Schedule of accounts, notes, loans and financing receivable	Net receivables are summarized as follows: September 24, 2023 March 31, 2023 Trade receivables $ 406,003 $ 349,424 Other receivables 12,162 8,899 Less: allowance for estimated credit losses and discounts (21,127) (18,950) Net receivables $ 397,038 $ 339,373
Schedule of reconciliation of activity related to the allowance for estimated credit losses and discounts	The following provides a reconciliation of the activity related to the allowance for estimated credit losses for the six months ended September 24, 2023: Balance, March 31, 2023 $ 18,950 Provision for credit losses 2,430 Write-off of uncollectible amounts, net of recoveries (253) Balance, September 24, 2023 $ 21,127

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Sep. 24, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Current net inventories consist of the following: September 24, 2023 March 31, 2023 Raw materials $ 203,262 $ 199,225 Work in process 62,718 63,652 Finished goods 424,009 447,020 Net inventories $ 689,989 $ 709,897

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (AOCL) (Tables)	6 Months Ended
Accumulated Other Comprehensive Loss (AOCL) (Tables)	Sep. 24, 2023
Equity [Abstract]
Schedule of components of AOCL, net of income taxes	The components of AOCL, net of income taxes, are as follows: September 24, 2023 March 31, 2023 Derivatives $ 129 $ (3,543) Pension and other postretirement benefits liabilities (70,325) (71,449) Cumulative translation adjustment (5,839) (5,810) Total AOCL $ (76,035) $ (80,802)
Schedule of changes in balance of AOCL, net of income taxes	The following tables detail the amounts reclassified from AOCL to earnings as well as the changes in derivatives, pension and other postretirement benefits, and foreign currency translation: Three months ended September 24, 2023 Six months ended September 24, 2023 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ (1,969) $ (70,887) $ (5,146) $ (78,002) $ (3,543) $ (71,449) $ (5,810) $ (80,802) Change in fair value of derivatives 1,654 — — 1,654 2,909 — — 2,909 Income tax impact on derivative instruments (657) — — (657) (1,150) — — (1,150) Net losses reclassified from AOCL 1,101 — — 1,101 1,913 — — 1,913 Net actuarial losses reclassified from AOCL (1) — 562 — 562 — 1,124 — 1,124 Net change in cumulative translation adjustment — — (693) (693) — — (29) (29) Ending balance in AOCL $ 129 $ (70,325) $ (5,839) $ (76,035) $ 129 $ (70,325) $ (5,839) $ (76,035) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented, net of tax. Three months ended September 25, 2022 Six months ended September 25, 2022 Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Derivatives Pension and other postretirement benefits liabilities Cumulative translation adjustment Total Beginning balance in AOCL $ (347) $ (70,381) $ (5,721) $ (76,449) $ (356) $ (71,075) $ (5,248) $ (76,679) Change in fair value of derivatives (416) — — (416) (1,030) — — (1,030) Income tax impact on derivative instruments 92 — — 92 781 — — 781 Net losses/(gains) reclassified from AOCL 37 — — 37 (29) — — (29) Net actuarial losses reclassified from AOCL (1) — 694 — 694 — 1,388 — 1,388 Net change in cumulative translation adjustment — — (1,398) (1,398) — — (1,871) (1,871) Ending balance in AOCL $ (634) $ (69,687) $ (7,119) $ (77,440) $ (634) $ (69,687) $ (7,119) $ (77,440) (1) Amounts related to our pension and other postretirement benefits that were reclassified from AOCL were recorded as a component of net periodic benefit cost for each period presented. See Note 13, Employee Benefit Plans .

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
Goodwill and Intangible Assets (Tables)	Sep. 24, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill by segment	The carrying value of goodwill by reportable segment was as follows: Sporting Products Outdoor Products Total Balance, March 31, 2023 $ 86,105 $ 379,604 $ 465,709 Balance, September 24, 2023 $ 86,105 $ 379,604 $ 465,709
Schedule of net intangibles	Intangible assets by major asset class consisted of the following: September 24, 2023 March 31, 2023 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,915 $ (34,395) $ 79,520 $ 113,915 $ (30,848) $ 83,067 Patented technology 36,854 (17,781) 19,073 36,854 (16,313) 20,541 Customer relationships and other 530,281 (171,620) 358,661 530,237 (151,272) 378,965 Total 681,050 (223,796) 457,254 681,006 (198,433) 482,573 Non-amortizing trade names 250,603 — 250,603 250,603 — 250,603 Net intangible assets $ 931,653 $ (223,796) $ 707,857 $ 931,609 $ (198,433) $ 733,176
Schedule of net intangibles	Intangible assets by major asset class consisted of the following: September 24, 2023 March 31, 2023 Gross Accumulated Total Gross Accumulated Total Trade names $ 113,915 $ (34,395) $ 79,520 $ 113,915 $ (30,848) $ 83,067 Patented technology 36,854 (17,781) 19,073 36,854 (16,313) 20,541 Customer relationships and other 530,281 (171,620) 358,661 530,237 (151,272) 378,965 Total 681,050 (223,796) 457,254 681,006 (198,433) 482,573 Non-amortizing trade names 250,603 — 250,603 250,603 — 250,603 Net intangible assets $ 931,653 $ (223,796) $ 707,857 $ 931,609 $ (198,433) $ 733,176
Schedule of expected future amortization expense	As of September 24, 2023, we expect amortization expense related to these assets to be as follows: Remainder of fiscal year 2024 $ 25,302 Fiscal year 2025 50,586 Fiscal year 2026 47,577 Fiscal year 2027 46,127 Fiscal year 2028 40,957 Thereafter 246,705 Total $ 457,254

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
Long-Term Debt (Tables)	Sep. 24, 2023
Debt Disclosure [Abstract]
Schedule of long-term debt, including the current portion	Long-term debt consisted of the following: September 24, 2023 March 31, 2023 2022 ABL Revolving Credit Facility $ 295,000 $ 355,000 2022 Term Loan 150,000 205,000 Total Principal Amount of Credit Agreements 445,000 560,000 4.5% Senior Notes 500,000 500,000 Total Principal Amount of Long-Term Debt 945,000 1,060,000 Less: unamortized deferred financing costs related to term loans (7,462) (10,342) Carrying amount of long-term debt 937,538 1,049,658 Less: current portion (150,000) (65,000) Carrying amount of long-term debt, excluding current portion $ 787,538 $ 984,658

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
Operating Segment Information (Tables)	Sep. 25, 2022
Segment Reporting [Abstract]
Summary Results by Segment	The following tables contain information utilized by management to evaluate our operating segments for the periods presented: Three months ended September 24, 2023 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 349,500 $ 327,308 $ 676,808 $ — $ 676,808 Gross profit 115,239 93,631 208,870 — 208,870 Operating income $ 92,348 $ 12,854 $ 105,202 $ (29,417) $ 75,785 Other expense, net — — — (1,174) (1,174) Interest expense, net — — — (16,643) (16,643) Income before income taxes $ 92,348 $ 12,854 $ 105,202 $ (47,234) $ 57,968 Depreciation and amortization $ 6,458 $ 17,474 $ 23,932 $ 947 $ 24,879 Six months ended September 24, 2023 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 726,092 $ 644,049 $ 1,370,141 $ — $ 1,370,141 Gross profit 247,142 188,485 435,627 — 435,627 Operating income $ 200,812 $ 19,378 $ 220,190 $ (52,219) $ 167,971 Other expense, net — — — (1,715) (1,715) Interest expense, net — — — (32,861) (32,861) Income before income taxes $ 200,812 $ 19,378 $ 220,190 $ (86,795) $ 133,395 Depreciation and amortization $ 12,857 $ 35,052 $ 47,909 $ 1,897 $ 49,806 Three months ended September 25, 2022 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 432,489 $ 349,189 $ 781,678 $ — $ 781,678 Gross Profit 159,138 106,771 265,909 (3,035) 262,874 Operating income $ 133,552 $ 29,730 $ 163,282 $ (32,115) $ 131,167 Other income, net — — — 741 741 Interest expense, net — — — (13,934) (13,934) Income before income taxes $ 133,552 $ 29,730 $ 163,282 $ (45,308) $ 117,974 Depreciation and amortization $ 6,398 $ 15,543 $ 21,941 $ 1,043 $ 22,984 Six months ended September 25, 2022 Sporting Products Outdoor Products Reportable segments total Corporate and other reconciling items (a) Consolidated total Sales, net $ 943,116 $ 641,174 $ 1,584,290 $ — $ 1,584,290 Gross Profit 360,100 199,279 559,379 (3,035) 556,344 Operating income $ 309,638 $ 57,416 $ 367,054 $ (63,462) $ 303,592 Other income, net — — — 741 741 Interest expense, net — — — (20,244) (20,244) Income before income taxes $ 309,638 $ 57,416 $ 367,054 $ (82,965) $ 284,089 Depreciation and amortization $ 12,780 $ 27,350 $ 40,130 $ 2,170 $ 42,300 (a) includes corporate general and administrative expenses of $28,012 and $49,409 for the three and six months ended September 24, 2023 and $37,124 and $64,252 for the three and six months ended September 25, 2022, respectively, plus other non-recurring costs that are not allocated to the segments in order to present comparable results as presented to the CODM. Reconciling items for the three and six months ended September 24, 2023 included post-acquisition compensation expense of $1,405 and $2,810, respectively. Reconciling items for the three and six months ended September 25, 2022 included post-acquisition compensation expense of $3,269 and $7,600, inventory fair value step-up expenses related to acquisitions the Fox Racing and Simms acquisitions of $3,035 and $3,035, and contingent consideration fair value adjustment of $(11,313) and $(11,425), respectively.

The Company and Basis of Pres_3

The Company and Basis of Presentation (Details)	6 Months Ended
The Company and Basis of Presentation (Details)	Sep. 24, 2023 numberOfCountriesWithSalesCustomers reportable_segment
Accounting Policies [Abstract]
Number of reportable segments \| reportable_segment	2
Number of countries in which Entity operates \| numberOfCountriesWithSalesCustomers	100

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Narrative) (Details)	Sep. 24, 2023 USD ($)
QuietKat
Fair value of assets and liabilities
Contingent consideration payable	$ 5,769,000
Stone Glacier
Fair value of assets and liabilities
Contingent consideration payable	5,920,000
Fox Racing
Fair value of assets and liabilities
Contingent consideration payable	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Contingent Consideration Liability) (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022
Business Acquisition, Contingent Consideration [Line Items]
Payments made	$ (8,585)	$ 0
Fair Value, Inputs, Level 3 \| Fair Value, Recurring
Business Acquisition, Contingent Consideration [Line Items]
Balance, beginning of period	20,274
Payments made	(8,585)
Balance, end of period	11,689
Other current liabilities \| Fair Value, Inputs, Level 3 \| Fair Value, Recurring
Business Acquisition, Contingent Consideration [Line Items]
Balance, beginning of period	8,586
Balance, end of period	8,604
Other long-term liabilities \| Fair Value, Inputs, Level 3 \| Fair Value, Recurring
Business Acquisition, Contingent Consideration [Line Items]
Balance, beginning of period	11,688
Balance, end of period	$ 3,085

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Fair value of assets and liabilities
Carrying amount of long-term debt	$ 937,538	$ 1,049,658
Senior Notes, 4.5%
Fair value of assets and liabilities
Carrying amount of long-term debt		$ 500,000
Long-term debt, percentage bearing fixed interest, percentage rate		4.50%
Senior Notes, 4.5% \| Carrying amount \| Fair Value, Recurring
Fair value of assets and liabilities
Fixed-rate debt		$ 500,000
Senior Notes, 4.5% \| Fair value \| Fair Value, Recurring
Fair value of assets and liabilities
Fixed-rate debt	419,000	404,000
2022 ABL Revolving Credit Facility and 2022 Term Loan Facility \| Carrying amount \| Fair Value, Recurring
Fair value of assets and liabilities
Variable-rate debt	445,000	560,000
2022 ABL Revolving Credit Facility and 2022 Term Loan Facility \| Fair value \| Fair Value, Recurring
Fair value of assets and liabilities
Variable-rate debt	$ 445,000	$ 560,000

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Sep. 25, 2022
Lessee, Lease, Description [Line Items]
Impairment of long-lived assets	$ 2,802	$ 0
Minimum
Lessee, Lease, Description [Line Items]
Renewal term (in years)	5 years

Leases - Operating Lease Assets

Leases - Operating Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Leases [Abstract]
Operating lease assets	$ 98,709	$ 106,828
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Operating lease liabilities, current	$ 15,562	$ 16,351
Operating lease liabilities, long-term	97,651	103,313
Total lease liabilities	$ 113,213	$ 119,664

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022	Mar. 31, 2023
Leases [Abstract]
Fixed operating lease costs	$ 7,168	$ 7,089	$ 14,269	$ 12,894
Variable operating lease costs	1,035	995	2,245	1,458
Operating and sub-lease income	(238)	(156)	(430)	(307)
Net lease costs	$ 7,965	$ 7,928	$ 16,084	$ 14,045
Weighted average remaining lease term (years):	9 years 3 months 21 days		9 years 3 months 21 days		9 years 8 months 15 days
Weighted average discount rate:	8.48%		8.48%		8.43%

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Leases [Abstract]
Remainder of fiscal year 2024	$ 13,280
Fiscal year 2025	21,289
Fiscal year 2026	19,457
Fiscal year 2027	16,985
Fiscal year 2028	14,646
Thereafter	83,047
Total lease payments	168,704
Less imputed interest	(55,491)
Present value of lease liabilities	$ 113,213	$ 119,664

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities, operating leases	$ 13,474	$ 10,409
Operating lease assets obtained in exchange for lease liabilities, operating leases	6,629	29,744
Operating lease assets obtained in exchange for lease liabilities, ROU asset re-measurement	$ (6,195)	$ 634

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - Fox Racing $ in Thousands	3 Months Ended
	Sep. 25, 2022 USD ($)
Business Acquisition [Line Items]
Business combination, pro forma information, revenue of acquiree since acquisition date	$ 57,379
Business combination, pro forma information, net income of acquiree since acquisition date	$ 4,805

Acquisitions - Supplemental Pro

Acquisitions - Supplemental Pro Forma Data (Details) - Fox Racing - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 25, 2022	Sep. 25, 2022
Business Acquisition [Line Items]
Sales, net	$ 809,357	$ 1,690,145
Net income	$ 94,611	$ 218,657

Acquisitions - Significant Nonr

Acquisitions - Significant Nonrecurring Adjustments to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Depreciation			$ 24,470	$ 23,317
Income tax provision (benefit)	$ 13,546	$ 24,519	$ 30,873	64,619
Revolving Credit Facility and Secured Debt \| 2022 ABL Revolving Credit Facility and 2022 Term Loan Facility \| Line of Credit
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Asset-based revolving credit facility		$ 580,000		$ 580,000
Weighted average interest rate (as a percent)		5.58%		5.58%
Fox Racing \| Fees for advisory, legal, accounting services
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Fees for advisory, legal, and accounting services		$ (4,051)		$ (5,965)
Inventory step-up, net		(2,515)		(2,515)
Interest		3,197		10,627
Depreciation		180		719
Amortization		1,176		4,245
Management Fees		(133)		(530)
Income tax provision (benefit)		$ 39		$ (2,142)

Derivative Financial Instrume_2

Derivative Financial Instruments - Narrative (Details) lb in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023 USD ($)	Sep. 25, 2022 USD ($)	Sep. 24, 2023 USD ($) lb	Sep. 25, 2022 USD ($)
Lead forward contracts
Derivatives, Fair Value [Line Items]
Derivative, notional amount, mass \| lb			2,800
Foreign currency forward contracts \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Foreign currency translation gains (losses)	$ (715,000)	$ 146,000	$ (476,000)	$ 146,000
Foreign currency forward contracts \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, notional amount	$ 13,348,000		$ 13,348,000
Foreign currency forward contracts \| Minimum \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	12 months		12 months
Foreign currency forward contracts \| Maximum \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative, remaining maturity	15 months		15 months

Derivative Financial Instrume_3

Derivative Financial Instruments - Interest Rate Swaps (Details)	Sep. 24, 2023 USD ($)
Interest Rate Swap, Maturing February 2026
Derivative [Line Items]
Notional	$ 50,000,000
Fair Value	$ 358,000
Pay Fixed	4.91%
Receive Floating	5.383%
Interest Rate Swap, Maturing March 2026
Derivative [Line Items]
Notional	$ 25,000,000
Fair Value	$ 69,000
Pay Fixed	4.65%
Receive Floating	5.327%

Derivative FInancial Instrume_4

Derivative FInancial Instruments - Fair Value by Balance Sheet Location (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities	$ 545	$ 5,012
Interest rate swap contract \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Assets	427	0
Foreign currency forward contracts \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Assets	0	91
Deferred charges and other non-current assets, net \| Interest rate swap contract \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Assets	427	0
Other current assets \| Foreign currency forward contracts \| Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Assets	0	91
Other current liabilities \| Interest rate swap contract \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities	0	1,760
Other current liabilities \| Foreign currency forward contracts \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivative Liabilities	$ 545	$ 3,252

Derivative FInancial Instrume_5

Derivative FInancial Instruments - Quantitative Disclosures of Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	$ 1,654	$ (416)	$ 2,909	$ (1,030)
Gain (loss) reclassified from other comprehensive income into earnings	(1,101)	(37)	(1,913)	29
Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	403	0	242	0
Foreign currency forward contracts \| Cost of Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	(789)	0	(1,189)	0
Foreign currency forward contracts \| Other Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	(539)	0	(1,218)	0
Lead forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	130	(416)	275	(1,030)
Lead forward contracts \| Cost of Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	96	(37)	290	29
Interest rate swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in other comprehensive income	1,121	0	2,392	0
Interest rate swap contract \| Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from other comprehensive income into earnings	$ 131	$ 0	$ 204	$ 0

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Disaggregation of Revenue [Line Items]
Sales, net	$ 676,808	$ 781,678	$ 1,370,141	$ 1,584,290
Minimum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms (in days)			30 days
Maximum
Disaggregation of Revenue [Line Items]
Contract with customer, payment terms (in days)			60 days
United States
Disaggregation of Revenue [Line Items]
Sales, net	553,200	625,959	$ 1,125,492	1,309,493
Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	123,608	155,719	244,649	274,797
Sporting Products
Disaggregation of Revenue [Line Items]
Sales, net	349,500	432,489	726,092	943,116
Outdoor Accessories
Disaggregation of Revenue [Line Items]
Sales, net	60,696	73,995	114,052	142,080
Action Sports
Disaggregation of Revenue [Line Items]
Sales, net	138,904	150,761	255,298	240,818
Outdoor Recreation
Disaggregation of Revenue [Line Items]
Sales, net	127,708	124,433	274,699	258,276
Sporting Products
Disaggregation of Revenue [Line Items]
Sales, net	349,500	432,489	726,092	943,116
Sporting Products \| United States
Disaggregation of Revenue [Line Items]
Sales, net	310,992	396,302	654,765	877,381
Sporting Products \| Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	38,508	36,187	71,327	65,735
Sporting Products \| Sporting Products
Disaggregation of Revenue [Line Items]
Sales, net	349,500	432,489	726,092	943,116
Outdoor Products
Disaggregation of Revenue [Line Items]
Sales, net	327,308	349,189	644,049	641,174
Outdoor Products \| United States
Disaggregation of Revenue [Line Items]
Sales, net	242,208	229,657	470,727	432,112
Outdoor Products \| Rest of the World
Disaggregation of Revenue [Line Items]
Sales, net	85,100	119,532	173,322	209,062
Outdoor Products \| Outdoor Accessories
Disaggregation of Revenue [Line Items]
Sales, net	60,696	73,995	114,052	142,080
Outdoor Products \| Action Sports
Disaggregation of Revenue [Line Items]
Sales, net	138,904	150,761	255,298	240,818
Outdoor Products \| Outdoor Recreation
Disaggregation of Revenue [Line Items]
Sales, net	$ 127,708	$ 124,433	$ 274,699	$ 258,276

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Numerator:
Net income	$ 44,422	$ 93,455	$ 102,522	$ 219,470
Denominator:
Basic EPS shares outstanding (in shares)	58,041	56,553	57,757	56,520
Dilutive effect of stock-based awards (in shares)	258	1,261	669	1,578
Diluted EPS shares outstanding (in shares)	58,299	57,814	58,426	58,098
Earnings per common share:
Basic (in dollars per share)	$ 0.77	$ 1.65	$ 1.78	$ 3.88
Diluted (in dollars per share)	$ 0.76	$ 1.62	$ 1.75	$ 3.78
Potentially dilutive securities excluded from computation of diluted earnings per share, because either the effect would have been anti-dilutive, or the options’ exercise prices were greater than the average market price of the common stock	13	290	122	293

Receivables (Components of Rece

Receivables (Components of Receivables) (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Receivables [Abstract]
Trade receivables	$ 406,003	$ 349,424
Other receivables	12,162	8,899
Less: allowance for estimated credit losses and discounts	(21,127)	(18,950)
Net receivables	$ 397,038	$ 339,373

Receivables (Narrative) (Detail

Receivables (Narrative) (Details)	6 Months Ended	12 Months Ended
Receivables (Narrative) (Details)	Sep. 24, 2023	Mar. 31, 2023
Walmart \| Accounts Receivable \| Credit Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	11%	10%

Receivables (Reconciliation of

Receivables (Reconciliation of Allowance for Doubtful Accounts) (Details) $ in Thousands	6 Months Ended
	Sep. 24, 2023 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 18,950
Provision for credit losses	2,430
Write-off of uncollectible amounts, net of recoveries	(253)
Balance at end of period	$ 21,127

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 203,262	$ 199,225
Work in process	62,718	63,652
Finished goods	424,009	447,020
Net inventories	689,989	709,897
Long-term inventories	$ 52,513	$ 45,929

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (AOCL) (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Equity [Abstract]
Derivatives	$ 129	$ (3,543)
Pension and other postretirement benefits liabilities	(70,325)	(71,449)
Cumulative translation adjustment	(5,839)	(5,810)
Total AOCL	$ (76,035)	$ (80,802)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (AOCL) (Changes in the Balance of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,180,002	$ 1,249,312	$ 1,131,793	$ 1,124,399
Net actuarial losses reclassified from AOCL	(562)	(694)	(1,124)	(1,388)
Net change in cumulative translation adjustment	1,967	(991)	4,767	(761)
Ending balance	1,225,744	1,349,451	1,225,744	1,349,451
Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,969)	(347)	(3,543)	(356)
Change in fair value of derivatives	1,654	(416)	2,909	(1,030)
Income tax impact on derivative instruments	(657)	92	(1,150)	781
Net losses/(gains) reclassified from AOCL	1,101	37	1,913	(29)
Ending balance	129	(634)	129	(634)
Pension and other postretirement benefits liabilities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(70,887)	(70,381)	(71,449)	(71,075)
Net actuarial losses reclassified from AOCL	562	694	1,124	1,388
Ending balance	(70,325)	(69,687)	(70,325)	(69,687)
Cumulative translation adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(5,146)	(5,721)	(5,810)	(5,248)
Net change in cumulative translation adjustment	(693)	(1,398)	(29)	(1,871)
Ending balance	(5,839)	(7,119)	(5,839)	(7,119)
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(78,002)	(76,449)	(80,802)	(76,679)
Change in fair value of derivatives	1,654	(416)	2,909	(1,030)
Income tax impact on derivative instruments	(657)	92	(1,150)	781
Net losses/(gains) reclassified from AOCL	1,101	37	1,913	(29)
Net actuarial losses reclassified from AOCL	562	694	1,124	1,388
Net change in cumulative translation adjustment	(693)	(1,398)	(29)	(1,871)
Ending balance	$ (76,035)	$ (77,440)	$ (76,035)	$ (77,440)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Goodwill Rollforward) (Details) $ in Thousands	Sep. 24, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 465,709
Goodwill, ending balance	465,709
Sporting Products
Goodwill [Roll Forward]
Goodwill, beginning balance	86,105
Goodwill, ending balance	86,105
Outdoor Products
Goodwill [Roll Forward]
Goodwill, beginning balance	379,604
Goodwill, ending balance	$ 379,604

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Schedule of Net Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Amortizing assets
Gross carrying amount	$ 681,050	$ 681,006
Accumulated amortization	(223,796)	(198,433)
Total	457,254	482,573
Intangible assets, gross	931,653	931,609
Net intangible assets	707,857	733,176
Trade names
Amortizing assets
Non-amortizing trade names	250,603	250,603
Trade names
Amortizing assets
Gross carrying amount	113,915	113,915
Accumulated amortization	(34,395)	(30,848)
Total	79,520	83,067
Patented technology
Amortizing assets
Gross carrying amount	36,854	36,854
Accumulated amortization	(17,781)	(16,313)
Total	19,073	20,541
Customer relationships and other
Amortizing assets
Gross carrying amount	530,281	530,237
Accumulated amortization	(171,620)	(151,272)
Total	$ 358,661	$ 378,965

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 12,629	$ 10,947	$ 25,336	$ 18,983

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of fiscal year 2024	$ 25,302
Fiscal year 2025	50,586
Fiscal year 2026	47,577
Fiscal year 2027	46,127
Fiscal year 2028	40,957
Thereafter	246,705
Total	$ 457,254	$ 482,573

Long-term Debt (Components of L

Long-term Debt (Components of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 945,000	$ 1,060,000
Less: unamortized deferred financing costs related to term loans	(7,462)	(10,342)
Carrying amount of long-term debt	937,538	1,049,658
Less: current portion	(150,000)	(65,000)
Carrying amount of long-term debt, excluding current portion	787,538	984,658
Line of Credit and Senior Loans
Debt Instrument [Line Items]
Long-term debt, gross	445,000	560,000
Senior Notes, 4.5% \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	500,000	500,000
Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	295,000	355,000
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Senior Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 150,000	$ 205,000

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
Long-Term Debt (Narrative) (Details) - USD ($)	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022	Mar. 31, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 945,000,000		$ 945,000,000		$ 1,060,000,000
Interest paid	$ 19,999,000	$ 12,120,000	$ 29,813,000	$ 13,211,000
Guarantors
Debt Instrument [Line Items]
Number of subsidiaries owned (as a percent)	100%		100%
Senior Notes, 4.5%
Debt Instrument [Line Items]
Amortization of debt issuance costs, period (in years)			8 years
Debt issuance costs	$ 4,491,000		$ 4,491,000
Guarantor obligations, maximum exposure, undiscounted	75,000,000		75,000,000
Senior Notes, 4.5% \| Carrying amount \| Fair Value, Recurring
Debt Instrument [Line Items]
Fixed-rate debt					500,000,000
Senior Notes, 4.5% \| Fair Value, Inputs, Level 2 \| Carrying amount \| Fair Value, Recurring
Debt Instrument [Line Items]
Fixed-rate debt	500,000,000		500,000,000
Senior Notes, 4.5% \| Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 500,000,000		$ 500,000,000		500,000,000
Debt instrument, interest rate (as a percent)	4.50%		4.50%
Senior Notes, 4.5% \| Senior Notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed			100%
Senior Notes, 4.5% \| Senior Notes \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemable (as a percent)			0.40
Debt instrument, redemption price, net cash proceeds, percentage of principal amount redeemable, period two (as a percent)			104.50%
Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Term loan facility	$ 600,000,000		$ 600,000,000
Long-term debt, gross	295,000,000		295,000,000		355,000,000
Letters of credit outstanding, amount	14,878,000		14,878,000
Restricted payment limit	57,000,000		57,000,000
Line of credit facility, remaining borrowing capacity	$ 170,289,000		$ 170,289,000
Annual commitment fee on the unused portion (as a percent)	0.175%
Debt instrument, covenant, minimum threshold line of capacity (as a percent)			10%
Consolidated leverage ratio	1.85		1.85
Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Maximum consolidated leverage ratio	3		3
Line of credit facility, increased borrowing capacity, amount	$ 150,000		$ 150,000
Revolving Credit Facility \| ABL Revolving Credit Facility, 2021 and 2022 \| Line of Credit
Debt Instrument [Line Items]
Unamortized debt issuance cost	$ 11,310,000		$ 11,310,000
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Credit spread adjustment (as a percent)	0.10%
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	2.50%
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	3.50%
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	3%
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	4%
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Line of Credit
Debt Instrument [Line Items]
Amortization of debt issuance costs, period (in years)			2 years
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Senior Loans
Debt Instrument [Line Items]
Term loan facility	$ 350,000,000		$ 350,000,000
Long-term debt, gross	$ 150,000,000		$ 150,000,000		$ 205,000,000
Quarterly payment, percentage of principal amount (as a percent)	10%		10%
Debt issuance costs	$ 10,453,000		$ 10,453,000
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Senior Loans \| Aggregate Outstanding Principal Exceeding Term Loan Threshold
Debt Instrument [Line Items]
Quarterly payment, percentage of principal amount (as a percent)	12.50%		12.50%
Secured Debt \| 2022 Term Loan - Senior secured asset-based term loan facility \| Senior Loans \| Aggregate Outstanding Principal Equal To Or Less Than Term Loan Threshold
Debt Instrument [Line Items]
Quarterly payment, percentage of principal amount (as a percent)	10%		10%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 ABL Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	7.50%		7.50%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	0.50%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Credit spread adjustment (as a percent)	0.10%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	0.25%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	1.25%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	0.75%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 ABL Revolving Credit Facility \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	1.75%
Non-First-in, Last-out, Revolving Credit Facility \| 2022 Term Loan - Senior secured asset-based term loan facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (as a percent)	1.50%

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	3 Months Ended		6 Months Ended
Employee Benefit Plans (Details) - USD ($)	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Defined Benefit Plans
Defined benefit plan, net periodic benefit	$ 237,000	$ 381,000	$ 474,000	$ 762,000
Pension Plan
Defined Benefit Plans
Contribution by employer			0	0
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plans
Contribution by employer			0	0
Required and expected contributions by employer for remainder of fiscal year	0		0
Supplemental Employee Retirement Plan
Defined Benefit Plans
Required and expected contributions by employer for remainder of fiscal year	$ 0		0
Distributions by employer			$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022	Mar. 31, 2023
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax provision (as a percent)	23.40%	20.80%	23.10%	22.70%
Effective income tax rate reconciliation, at federal statutory income tax rate, percent			21%
Income taxes paid, net			$ 47,092	$ 60,068
Unrecognized tax benefits	$ 31,316		31,316		$ 28,692
Potential reduction of uncertain tax benefits over the next 12 months from audit settlements	9,032		9,032
Minimum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits that would impact effective tax rate	0		0
Maximum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits that would impact effective tax rate	$ 8,243		$ 8,243

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Thousands	Sep. 24, 2023	Mar. 31, 2023
Loss Contingency [Abstract]
Total lease payments	$ 168,704
Accrual for environmental loss contingencies	$ 656	$ 717

Operating Segment Information_2

Operating Segment Information (Narrative) (Details)	6 Months Ended
Operating Segment Information (Narrative) (Details)	Sep. 24, 2023 reportable_segment facility
Revenue, Major Customer [Line Items]
Number of operating segments \| facility	8
Number of reportable segments \| reportable_segment	2
Sporting Products
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage	53%
Outdoor Products
Revenue, Major Customer [Line Items]
Revenues from external customers, percentage	47%

Operating Segment Information_3

Operating Segment Information (Schedule of Results by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 24, 2023	Sep. 25, 2022	Sep. 24, 2023	Sep. 25, 2022
Segment Reporting Information [Line Items]
Sales, net	$ 676,808	$ 781,678	$ 1,370,141	$ 1,584,290
Gross profit	208,870	262,874	435,627	556,344
Operating income	75,785	131,167	167,971	303,592
Other expense, net	(1,174)	741	(1,715)	741
Interest expense, net	(16,643)	(13,934)	(32,861)	(20,244)
Income before income taxes	57,968	117,974	133,395	284,089
Depreciation and amortization	24,879	22,984	49,806	42,300
Change in fair value of contingent consideration			0	(11,425)
Operating income	75,785			303,592
Sporting Products
Segment Reporting Information [Line Items]
Sales, net	349,500	432,489	726,092	943,116
Outdoor Products
Segment Reporting Information [Line Items]
Sales, net	327,308	349,189	644,049	641,174
Operating Segments
Segment Reporting Information [Line Items]
Sales, net	676,808	781,678	1,370,141	1,584,290
Gross profit	208,870	265,909	435,627	559,379
Operating income		163,282
Income before income taxes	105,202	163,282	220,190	367,054
Depreciation and amortization	23,932	21,941	47,909	40,130
Operating income	105,202		220,190	367,054
Operating Segments \| Sporting Products
Segment Reporting Information [Line Items]
Sales, net		432,489
Gross profit		159,138
Operating income		133,552
Income before income taxes		133,552
Depreciation and amortization		6,398
Operating Segments \| Outdoor Products
Segment Reporting Information [Line Items]
Sales, net		349,189
Gross profit		106,771
Operating income		29,730
Income before income taxes		29,730
Depreciation and amortization		15,543
Operating Segments \| Sporting Products
Segment Reporting Information [Line Items]
Sales, net	349,500		726,092	943,116
Gross profit	115,239		247,142	360,100
Income before income taxes	92,348		200,812	309,638
Depreciation and amortization	6,458		12,857	12,780
Operating income	92,348		200,812	309,638
Operating Segments \| Outdoor Products
Segment Reporting Information [Line Items]
Sales, net	327,308		644,049	641,174
Gross profit	93,631		188,485	199,279
Income before income taxes	12,854		19,378	57,416
Depreciation and amortization	17,474		35,052	27,350
Operating income	12,854		19,378	57,416
Corporate and Other Reconciling Items
Segment Reporting Information [Line Items]
Sales, net	0	0	0	0
Gross profit	0	(3,035)	0	(3,035)
Operating income		(32,115)
Income before income taxes	(47,234)	(45,308)	(86,795)	(82,965)
Depreciation and amortization	947	1,043	1,897	2,170
Change in fair value of contingent consideration		(11,313)		(11,425)
Operating income	(29,417)		(52,219)	(63,462)
General and administrative expenses	28,012	37,124	49,409	64,252
Business combination, separately recognized transactions, post combination compensation expense	$ 1,405	3,269	$ 2,810	7,600
Corporate and Other Reconciling Items \| Fox and Simms
Segment Reporting Information [Line Items]
Business combination, step acquisition, equity interest in acquiree, remeasurement loss		$ 3,035		$ 3,035

Subsequent Events (Details)

Subsequent Events (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - Sporting Products Reportable Segment - Forecast	12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares
Subsequent Event [Line Items]
Enterprise value \| $	$ 1,910,000,000
Cash paid per acquiree share (in dollars per share) \| $ / shares	$ 12.90