Business Acquisitions (Tables)

12 Months Ended

Apr. 30, 2018

2018 Acquisitions

Business Acquisitions

Schedule of acquisitions completed

Company Name	Form of Acquisition	Date of Acquisition
ASI Building Products, LLC	Purchase of net assets	August 1, 2017
Washington Builders Supply, Inc.	Purchase of net assets	October 2, 2017
Southwest Building Materials, Ltd.	Purchase of net assets	December 4, 2017
California-based distribution business of Grabber Construction Products, Inc.	Purchase of net assets	April 2, 2018
CMH Distributing, Inc.	Purchase of net assets	April 2, 2018

Schedule of allocation of consideration for acquisitions

	Preliminary
	Purchase Price
	Allocation
		(in thousands)
Trade accounts and notes receivable	$	4,872
Inventories		4,321
Property and equipment		1,081
Tradenames		1,000
Vendor agreement		1,000
Other intangible assets		620
Customer relationships		9,358
Goodwill		4,145
Liabilities assumed		(1,951)
Purchase price	$	24,446

2017 Acquisitions

Business Acquisitions

Schedule of acquisitions completed

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
Interior Products Supply	Purchase of net assets	December 5, 2016
Hawaii-based distribution business of Grabber Construction Products, Inc.	Purchase of net assets	February 1, 2017

Schedule of allocation of consideration for acquisitions

	Preliminary				Final
	Purchase Price		Adjustments/		Purchase Price
	Allocation		Reclassifications		Allocation
	(in thousands)
Cash and cash equivalents	$	1,558	$	—	$	1,558
Trade accounts and notes receivable		37,691		(63)		37,628
Inventories		16,504		—		16,504
Other current assets		657		14		671
Property and equipment		8,357		—		8,357
Tradenames		9,490		—		9,490
Customer relationships		64,660		—		64,660
Goodwill		37,728		(144)		37,584
Deferred tax liability		(6,011)		—		(6,011)
Liabilities assumed		(16,958)		560		(16,398)
Purchase price	$	153,676	$	367	$	154,043

2016 Acquisitions

Business Acquisitions

Schedule of acquisitions completed

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

	Final
	Purchase Price
	Allocation
	(in thousands)
Cash and cash equivalents	$	953
Trade accounts and notes receivable		26,988
Inventories		17,703
Property and equipment		9,236
Other assets		808
Tradenames		12,500
Below market leases		2,020
Customer relationships		29,055
Goodwill		38,399
Deferred tax liability		(6,676)
Liabilities assumed		(13,805)
Purchase price	$	117,181