A $10.4 million goodwill impairment charge sent the bottom line into the red for the fiscal third quarter ended Jan. 31, resulting in a net loss of $5,725,000 against a profit of $11,395,000 last year that included a $9.4 million one-time benefit from the Tax Act. Sales improved 3% to $162,008,000 from $157,376,000 in the quarter and gross margin expanded 360 basis points to 33.4%. Firearms gross margin was 29.0% and Outdoor Products & Accessories gross margin was 47.1%. Excluding the charges, goodwill amortization, transition costs and other items, non-GAAP net income was up 90% to $8,943,000 from $4,707,000. G&A ... Log in to view full article.