Business Acquisitions (Tables)

12 Months Ended

Apr. 30, 2020

2020 Acquisitions

Acquisitions

Schedule of acquisitions completed

Company Name	Form of Acquisition	Date of Acquisition
J.P. Hart Lumber Company	Purchase of net assets	June 3, 2019
Rigney Building Supplies Ltd.	Purchase of 100% of outstanding common stock	November 1, 2019
Trowel Trades Supply, Inc.	Purchase of net assets	February 1, 2020

Schedule of preliminary allocation of the consideration transferred

	Preliminary
	Acquisition
	Accounting
	(in thousands)
Cash	$	713
Trade accounts and notes receivable		5,149
Inventories		7,194
Other current assets		72
Property and equipment		6,788
Customer relationships		4,252
Tradenames		644
Goodwill		5,291
Liabilities assumed		(5,028)
Fair value of consideration transferred	$	25,075

2018 Acquisitions

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 preliminary allocation of the consideration transferred

	Preliminary				Final
	Acquisition		Adjustments/		Acquisition
	Accounting		Reclassifications		Accounting
	(in thousands)
Trade accounts and notes receivable	$	4,872	$	—	$	4,872
Inventories		4,321		—		4,321
Property and equipment		1,081		—		1,081
Tradenames		1,000		—		1,000
Vendor agreement		1,000		—		1,000
Other intangible assets		620		—		620
Customer relationships		9,358		—		9,358
Goodwill		4,145		8		4,153
Liabilities assumed		(1,951)		—		(1,951)
Fair value of consideration transferred	$	24,446	$	8	$	24,454

Titan

Acquisitions

Schedule of preliminary allocation of the consideration transferred

The following table summarizes the acquisition accounting:

	Preliminary				Final
	Acquisition		Adjustments/		Acquisition
	Accounting		Reclassifications		Accounting
	(in thousands)
Cash	$	5,573	$	—	$	5,573
Trade accounts and notes receivable		84,039		970		85,009
Inventories		60,272		—		60,272
Prepaid and other current assets		8,334		—		8,334
Property and equipment		37,263		—		37,263
Goodwill		196,524		(2,726)		193,798
Intangible assets		289,423		(2,469)		286,954
Accounts payable and accrued expenses		(40,833)		(970)		(41,803)
Contingent consideration		(12,039)		—		(12,039)
Deferred income taxes		(14,337)		2,085		(12,252)
Fair value of consideration transferred	$	614,219	$	(3,110)	$	611,109