SMITH & WESSON BRANDS, INC. PP&E Disclosure
The following table summarizes property, plant, and equipment as of April 30, 2025 and 2024 (in thousands):
|
|
April 30, 2025 |
|
|
April 30, 2024 |
|
||
Machinery and equipment |
|
$ |
344,706 |
|
|
$ |
337,772 |
|
Building and improvements |
|
|
154,398 |
|
|
|
154,507 |
|
Software and hardware |
|
|
54,775 |
|
|
|
52,750 |
|
Land and improvements |
|
|
3,557 |
|
|
|
3,109 |
|
Right of use assets |
|
|
41,631 |
|
|
|
41,631 |
|
Construction in progress |
|
|
12,392 |
|
|
|
15,479 |
|
Total property, plant, and equipment |
|
|
611,459 |
|
|
|
605,248 |
|
Less: Accumulated depreciation and amortization |
|
|
(368,811 |
) |
|
|
(352,615 |
) |
Total property, plant, and equipment, net |
|
$ |
242,648 |
|
|
$ |
252,633 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 20, 2025 | Showing above |
| 2024 | Jun 20, 2024 | |
| 2023 | Jun 22, 2023 | |
| 2022 | Jun 23, 2022 | |
| 2021 | Jun 17, 2021 | |
| 2020 | Jun 19, 2020 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.