XML 53 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segments (Tables)
12 Months Ended
Apr. 30, 2017
Segments  
Schedule of net sales, Adjusted EBITDA and certain other measures

                                                                                                                                                                                                                    

 

 

Year Ended April 30, 2017

 

 

 

 

 

April 30, 2017

 

 

 

Net
sales

 

Gross
profit

 

Depreciation &
amortization

 

Adjusted
EBITDA

 

 

 

Total assets

 

Geographic divisions

 

$

2,298,871

 

$

750,564

 

$

68,001

 

$

186,155

 

$

1,376,655

 

Other

 

 

20,275

 

 

8,007

 

 

310

 

 

2,074

 

 

11,916

 

Corporate

 

 

 

 

 

 

929

 

 

 

 

4,694

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

$

2,319,146

 

$

758,571

 

$

69,240

 

$

188,229

 

$

1,393,265

 

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​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Year Ended April 30, 2016

 

 

 

 

 

April 30, 2016

 

 

 

Net
sales

 

Gross
profit

 

Depreciation &
amortization

 

Adjusted
EBITDA

 

 

 

Total assets

 

Geographic divisions

 

$

1,842,634

 

$

587,213

 

$

63,093

 

$

137,459

 

$

1,217,871

 

Other

 

 

15,548

 

 

5,951

 

 

295

 

 

724

 

 

12,310

 

Corporate

 

 

 

 

 

 

827

 

 

 

 

10,633

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

$

1,858,182

 

$

593,164

 

$

64,215

 

$

138,183

 

$

1,240,814

 

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​  

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​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Year Ended April 30, 2015

 

 

 

 

 

April 30, 2015

 

 

 

Net
sales

 

Gross
profit

 

Depreciation &
amortization

 

Adjusted
EBITDA

 

 

 

Total assets

 

Geographic divisions

 

$

1,558,209

 

$

474,363

 

$

63,136

 

$

105,247

 

$

1,143,637

 

Other

 

 

11,876

 

 

4,608

 

 

288

 

 

549

 

 

10,421

 

Corporate

 

 

 

 

 

 

741

 

 

 

 

6,918

 

​  

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​  

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​  

​  

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​  

​  

 

 

$

1,570,085

 

$

478,971

 

$

64,165

 

$

105,796

 

$

1,160,976

 

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​  

 

Reconciliation of Adjusted EBITDA to Net income

                                                                                                                                                                                                                          

 

 

Years Ended April 30,

 

 

 

2017

 

2016

 

2015

 

 

 

(dollars in thousands)

 

Net income (loss)

 

$

48,886

 

$

12,564

 

$

(11,697

)

Interest expense

 

 

36,463

 

 

37,418

 

 

36,396

 

Interest income

 

 

(152

)

 

(928

)

 

(1,010

)

Income tax expense (benefit)

 

 

22,654

 

 

12,584

 

 

(6,626

)

Depreciation expense

 

 

25,565

 

 

26,667

 

 

32,208

 

Amortization expense

 

 

43,675

 

 

37,548

 

 

31,957

 

​  

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​  

​  

EBITDA

 

$

177,091

 

$

125,853

 

$

81,228

 

​  

​  

​  

​  

​  

​  

Stock appreciation income or (expense)

 

$

148

 

$

1,988

 

$

2,268

 

Redeemable noncontrolling interests

 

 

3,536

 

 

880

 

 

1,859

 

Equity-based compensation

 

 

2,534

 

 

2,699

 

 

6,455

 

Severance and other permitted costs

 

 

(157

)

 

379

 

 

413

 

Transaction costs (acquisitions and other)

 

 

2,249

 

 

3,751

 

 

2,728

 

(Gain) loss on disposal of assets

 

 

(338

)

 

(645

)

 

1,089

 

Management fee to related party

 

 

188

 

 

2,250

 

 

2,250

 

Effects of fair value adjustments to inventory

 

 

946

 

 

1,009

 

 

5,012

 

Interest rate cap mark-to-market

 

 

382

 

 

19

 

 

2,494

 

Secondary public offering costs

 

 

1,385

 

 

 

 

 

Debt transaction costs

 

 

265

 

 

 

 

 

​  

​  

​  

​  

​  

​  

EBITDA add-backs

 

 

11,138

 

 

12,330

 

 

24,568

 

​  

​  

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​  

​  

​  

Adjusted EBITDA

 

$

188,229

 

$

138,183

 

$

105,796

 

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Schedule of net sales to external customers by main product lines

                                                                                                                                                                                                                       

 

 

Years Ended April 30,

 

 

 

2017

 

2016

 

2015

 

 

 

(dollars in thousands)

 

Wallboard

 

$

1,058,400

 

$

870,952

 

$

718,102

 

Ceilings

 

 

341,007

 

 

297,110

 

 

278,749

 

Steel framing

 

 

374,151

 

 

281,340

 

 

243,173

 

Other products

 

 

545,588

 

 

408,780

 

 

330,061

 

​  

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Total net sales

 

$

2,319,146

 

$

1,858,182

 

$

1,570,085

 

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