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Business Acquisitions (Tables)
12 Months Ended
Apr. 30, 2021
D.L. Building Materials Inc.  
Business Acquisition [Line Items]  
Schedule of preliminary allocation of the consideration transferred
The following table summarizes the preliminary acquisition accounting for this acquisition based on currently available information:
Preliminary
Acquisition
Accounting
(in thousands)
Cash$4,179 
Trade accounts and notes receivable8,325 
Inventories5,075 
Prepaid and other current assets675 
Property and equipment2,721 
Operating lease right-of-use assets1,103 
Customer relationships20,926 
Tradenames2,498 
Goodwill9,084 
Liabilities assumed(12,282)
Deferred income taxes(2,830)
Fair value of consideration transferred$39,474 
2020 Acquisitions  
Business Acquisition [Line Items]  
Schedule of acquisitions completed The purpose of these acquisitions was to expand the geographical coverage of the Company and grow the business.
Company NameForm of AcquisitionDate of Acquisition
J.P. Hart Lumber CompanyPurchase of net assetsJune 3, 2019
Rigney Building Supplies Ltd.
Purchase of 100% of outstanding common stock
November 1, 2019
Trowel Trades Supply, Inc.Purchase of net assetsFebruary 1, 2020
Titan  
Business Acquisition [Line Items]  
Schedule of preliminary allocation of the consideration transferred
The following table summarizes the acquisition accounting:
Preliminary
Acquisition
Accounting
Adjustments/
Reclassifications
Final
Acquisition
Accounting
(in thousands)
Cash$5,573 $— $5,573 
Trade accounts and notes receivable84,039 970 85,009 
Inventories60,272 — 60,272 
Prepaid and other current assets8,334 — 8,334 
Property and equipment37,263 — 37,263 
Goodwill196,524 (2,726)193,798 
Intangible assets289,423 (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