Income Taxes (Tables)

12 Months Ended

Apr. 30, 2017

Income Taxes

Schedule of components of income tax expense (benefit)

	Year Ended April 30,
	2017			2016			2015
Current federal	$	37,164		$	28,043		$	11,638
Current state		5,875			5,162			2,688
Total current		43,039			33,205			14,326
Deferred federal		(19,011	)		(19,993	)		(17,492	)
Deferred state		(1,374	)		(628	)		(3,460	)
Total deferred		(20,385	)		(20,621	)		(20,952	)
Total provision for (benefit from) income taxes	$	22,654		$	12,584		$	(6,626	)

Schedule of reconciliation of income tax expense (benefit) to amount computed by applying federal statutory rate

	Year Ended April 30,
	2017			2016			2015
Federal income taxes at statutory rate	$	25,039		$	8,802		$	(6,413	)
State income taxes, net of federal income tax benefit		2,236			2,336			(51	)
Net change in valuation allowance		214			(60	)		(1,134	)
Nondeductible meals & entertainment		761			627			462
338(h)(10) election		(6,936	)		—			—
Redeemable noncontrolling interests		1,053			291			550
Nondeductible transaction costs		109			253			—
Other		178			335			(40	)
Total	$	22,654		$	12,584		$	(6,626	)

Schedule of tax effects of temporary differences which give rise to deferred income taxes

	April 30,
	2017			2016
Deferred income tax assets:
Allowances on accounts and notes receivable	$	5,792		$	4,924
Accrued payroll and related costs		1,651			2,013
Insurance reserves		1,139			1,920
Inventory costs		2,430			1,725
Deferred compensation		9,293			9,080
Equity compensation		3,424			2,593
Derivative instrument		1,488			1,589
Deferred financing costs		—			143
Acquisition related costs		1,732			895
Net operating loss carry-forwards		2,949			855
Deferred rent		996			791
Noncompete agreements		819			573
Other deferred tax assets, net		2,576			2,149
Total deferred income tax assets		34,289			29,250
Less: Valuation allowance		(297	)		(83	)
Total deferred income tax assets, net of valuation allowance		33,992			29,167
Amortization of intangible assets		(53,345	)		(62,599	)
Rebates		(1,007	)		(1,270	)
Depreciation		(3,808	)		(6,501	)
Deferred financing costs		(2,652	)		—
Total deferred income tax liabilities		(60,812	)		(70,370	)
Deferred income tax liabilities, net	$	(26,820	)	$	(41,203	)