Business Acquisitions (Tables)

6 Months Ended

Oct. 31, 2016

2017 Acquisitions

Business Acquisitions

Schedule of acquisitions completed

In the six months ended October 31, 2016, the Company completed the following acquisitions, with an aggregate purchase price of $144,079, comprised of $139,171 net of cash consideration and $4,908 of contingent consideration, subject to finalization of working capital settlement amounts. These acquisitions increased net sales by $32,425 and operating income by $1,615 for the six months ended October 31, 2016.

Company name	Form of acquisition	Date of acquisition
Wall & Ceiling Supply Co., Inc.	Purchase of net assets	May 2, 2016
Rockwise, LLC	Purchase of net assets	July 5, 2016
Steven F. Kempf Building Materials, Inc.	Purchase of net assets	August 29, 2016
Olympia Building Supplies, LLC/Redmill, Inc.	Purchase of 100% of outstanding common stock	September 1, 2016
United Building Materials, Inc.	Purchase of net assets	October 3, 2016
Ryan Building Materials, Inc.	Purchase of net assets	October 31, 2016

Schedule of allocation of consideration for acquisitions

	Preliminary
	purchase price
	allocation
	October 31, 2016
Cash and cash equivalents	$	1,554
Trade accounts and notes receivable		34,364
Inventories		13,125
Property and equipment		8,305
Other assets		489
Tradenames		8,900
Customer relationships		61,400
Goodwill		37,685
Deferred tax liability		(5,898)
Liabilities assumed		(15,845)
Purchase price	$	144,079

2016 Acquisitions

Business Acquisitions

Schedule of acquisitions completed

In fiscal 2016, the Company completed the following acquisitions, with an aggregate purchase price of $117,253, comprised of $113,801 net of cash consideration and $3,452 of contingent consideration, subject to the finalization of working capital settlement amounts. These acquisitions increased net sales by $112,329 and operating income by $3,870 for the six months ended October 31, 2016

Company name	Form of acquisition	Date of acquisition
Tri-Cities Drywall & Supply Co.	Purchase of net assets	September 29, 2015
Badgerland Supply, Inc.	Purchase of net assets	November 2, 2015
Hathaway & Sons, Inc.	Purchase of net assets	November 9, 2015
Gypsum Supply Company	Purchase of 100% of outstanding common stock	January 1, 2016
Robert N. Karpp Co., Inc.	Purchase of net assets	February 1, 2016
Professional Handling & Distribution, Inc.	Purchase of net assets	February 1, 2016
M.R. Lee Building Materials, Inc.	Purchase of net assets	April 4, 2016

Schedule of allocation of consideration for acquisitions

	Preliminary				Preliminary
	purchase price				purchase price
	allocation		Adjustments/		allocation
	April 30, 2016		Reclassifications		October 31, 2016
Cash and cash equivalents	$	956	$	—	$	956
Trade accounts and notes receivable		26,707		322		27,029
Inventories		17,543		—		17,543
Property and equipment		9,236		—		9,236
Other assets		809		1		810
Tradenames		12,500		—		12,500
Below market leases		2,020		—		2,020
Customer relationships		29,055		—		29,055
Goodwill		38,833		(256)		38,577
Deferred tax liability		(6,676)		—		(6,676)
Liabilities assumed		(13,804)		7		(13,797)
Purchase price	$	117,179	$	74	$	117,253