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

16. Subsequent Events

Acquisition

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

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.