Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Apr. 30, 2021

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

The following table sets forth certain unaudited financial information for each quarter of the years ended April 30, 2021 and 2020. The unaudited quarterly information includes all adjustments (consisting of normal recurring adjustments) that, in the opinion of management, are necessary for the fair presentation of the information presented.


	Year Ended April 30, 2021
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(in thousands, except per share data)
Net sales	$	802,573	$	812,856	$	751,191	$	932,203
Gross profit	260,458		265,071		243,324		293,850
Net income	27,219		28,469		16,126		33,746
Per share data
Weighted average shares outstanding(1):
Basic	42,624		42,723		42,726		42,994
Diluted	43,017		43,174		43,361		43,828
Net income per share(1):
Basic	$	0.64	$	0.67	$	0.38	$	0.78
Diluted	$	0.63	$	0.66	$	0.37	$	0.77


	Year Ended April 30, 2020
	First Quarter		Second Quarter		Third Quarter		Fourth 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)

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