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Subsequent Events
9 Months Ended
Jan. 31, 2020
Subsequent Events  
Subsequent Events

16. Subsequent Events

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Acquisition

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On February 1, 2020, the Company acquired Trowel Trades Supply, Inc. (“Trowel Trades”). Trowel Trades distributes interior building materials, as well as masonry and hardscape products, through a single location in Colchester, Vermont.

Favorable Class Action Settlement

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In February 2020, the Company received proceeds as part of a class action legal settlement.  The Company expects to record other income related to the settlement of approximately $12.0 million during the three months ending April 30, 2020. The settlement had no impact on the results of operations for the three and nine months ended January 31, 2020.

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