Business Acquisitions (Tables) - Titan

6 Months Ended

Oct. 31, 2018

Acquisition of Titan

Schedule of preliminary allocation of the consideration transferred

The following table summarizes the preliminary allocation of the consideration transferred based on currently available information (in thousands):

Cash	$	5,573
Trade accounts and notes receivable		84,039
Inventories		60,272
Prepaid and other current assets		8,334
Property and equipment		37,263
Goodwill		196,969
Intangible assets		289,423
Accounts payable and accrued expenses		(40,833)
Contingent consideration		(12,039)
Deferred income taxes		(14,337)
Fair value of consideration transferred	$	614,664

Schedule of preliminary components of intangible assets acquired

The following table summarizes the preliminary components of intangible assets acquired in connection with the acquisition of Titan (dollars in thousands):

			Weighted
			Average
			Amortization
	Fair Value		Period (Years)
Customer relationships	$	250,041	13
Tradenames		30,098	15
Developed technology		5,402	5
Non-compete agreements		3,010	3
Other		872	3
Total intangible assets	$	289,423

Schedule of unaudited pro forma consolidated net sales and net income

The following table represents the unaudited pro forma consolidated net sales and net income for the Company for the periods indicated (in thousands):

	Three Months Ended					Six Months Ended
	October 31,					October 31,
	2018		2017			2018	2017
Net sales	$	833,837	$	777,146	$	1,657,137	$	1,544,980
Net income		24,912		20,438		30,079		37,674