Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Apr. 30, 2020

Selected Quarterly Financial Data (Unaudited)

Schedule of selected quarterly financial information

	Year Ended April 30, 2020
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	(in thousands, except per share data)
Net sales	$	847,176	$	861,929	$	761,352	$	770,850
Gross profit		273,654		284,493		253,473		251,594
Net income (loss)(1)		24,820		29,138		10,879		(41,456)
Per share data
Weighted average shares outstanding(2):
Basic		41,001		41,761		42,223		42,435
Diluted		41,615		42,635		42,949		42,435
Net income (loss) per share(2):
Basic	$	0.60	$	0.70	$	0.26	$	(0.98)
Diluted	$	0.59	$	0.68	$	0.25	$	(0.98)

	Year Ended April 30, 2019
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
	(in thousands, except per share data)
Net sales	$	778,144	$	833,837	$	723,902	$	780,149
Gross profit		244,816		268,150		234,226		256,927
Net income(3)		8,650		24,912		5,815		16,625
Per share data
Weighted average shares outstanding(2):
Basic		41,094		41,149		40,912		40,487
Diluted		42,074		41,918		41,371		40,976
Net income per share(2):
Basic	$	0.21	$	0.59	$	0.14	$	0.40
Diluted	$	0.20	$	0.58	$	0.14	$	0.39

(1) Net income for the fourth quarter of 2020 includes a $63.1 million non-cash impairment charge to goodwill and a $14.0 million gain on legal settlement. In February 2020, the Company received proceeds as part of a class action settlement. 

(2) Basic and diluted net income per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly basic and diluted net income per share amounts may not equal annual basic and diluted net income per share amounts.

(3) Net income for the first quarter of 2019 includes a $5.7 million loss on change in fair value of financial instruments related to the Company’s foreign currency forward contract.