XML 70 R53.htm IDEA: XBRL DOCUMENT v3.21.2
Business Acquisitions (Details)
$ in Thousands, shares in Millions, $ in Millions
12 Months Ended
Feb. 01, 2021
USD ($)
location
Feb. 01, 2021
CAD ($)
Jun. 01, 2018
USD ($)
location
province
shares
Jun. 01, 2018
CAD ($)
shares
Apr. 30, 2021
USD ($)
Apr. 30, 2020
USD ($)
Apr. 30, 2019
USD ($)
Nov. 01, 2019
Preliminary Purchase Price Allocation                
Goodwill         $ 576,330 $ 553,073    
Borrowings from revolving credit facilities         14,750 880,698 $ 981,148  
Loan repayment         $ 869,427 0 571,840  
Term Loan Facility                
Preliminary Purchase Price Allocation                
Loan repayment     $ 571,800          
Third Amendment | LIBOR                
Preliminary Purchase Price Allocation                
Variable rate floor (as a percent)     0.00% 0.00%        
Margin added to variable rate (as a percent)     2.75% 2.75%        
D.L. Building Materials Inc.                
Business Acquisition [Line Items]                
Outstanding common stock purchased (as a percent) 100.00%              
Fair value of consideration transferred $ 39,500 $ 50.6            
Number of locations | location 2              
Preliminary Purchase Price Allocation                
Cash $ 4,179              
Trade accounts and notes receivable 8,325              
Inventories 5,075              
Prepaid and other current assets 675              
Property and equipment 2,721              
Operating lease right-of-use assets 1,103              
Goodwill 9,084              
Deferred income taxes (2,830)              
Liabilities assumed (12,282)              
Fair value of consideration transferred 39,474              
D.L. Building Materials Inc. | Customer relationships                
Preliminary Purchase Price Allocation                
Intangible assets 20,926              
D.L. Building Materials Inc. | Tradenames                
Preliminary Purchase Price Allocation                
Intangible assets $ 2,498              
2020 Acquisitions                
Business Acquisition [Line Items]                
Fair value of consideration transferred           $ 24,900    
Rigney Building Supplies Ltd                
Business Acquisition [Line Items]                
Outstanding common stock purchased (as a percent)               100.00%
Titan                
Business Acquisition [Line Items]                
Fair value of consideration transferred     $ 611,100          
Number of locations | location     30          
Preliminary Purchase Price Allocation                
Cash             5,573  
Trade accounts and notes receivable             85,009  
Inventories             60,272  
Prepaid and other current assets             8,334  
Property and equipment             37,263  
Intangible assets             286,954  
Goodwill             193,798  
Accounts payable and accrued expenses             (41,803)  
Contingent consideration             (12,039)  
Deferred income taxes             (12,252)  
Fair value of consideration transferred             611,109  
Number of provinces | province     5          
Aggregate purchase price     $ 627,000 $ 800.0        
Issuance of shares | shares     1.1 1.1        
Cash consideration     $ 581,500          
Issuance preferred stock to current shareholders of Titan     29,600          
Titan | ABL facility                
Preliminary Purchase Price Allocation                
Borrowings from revolving credit facilities     143,000          
Titan | Term Loan Facility                
Preliminary Purchase Price Allocation                
Loan repayment     571,800          
Titan | Third Amendment                
Preliminary Purchase Price Allocation                
Aggregate purchase price     $ 996,800          
Titan | Third Amendment | LIBOR                
Preliminary Purchase Price Allocation                
Variable rate floor (as a percent)     0.00% 0.00%        
Margin added to variable rate (as a percent)     2.75% 2.75%        
As previously reported | Titan                
Preliminary Purchase Price Allocation                
Cash     $ 5,573          
Trade accounts and notes receivable     84,039          
Inventories     60,272          
Prepaid and other current assets     8,334          
Property and equipment     37,263          
Intangible assets     289,423          
Goodwill     196,524          
Accounts payable and accrued expenses     (40,833)          
Contingent consideration     (12,039)          
Deferred income taxes     (14,337)          
Fair value of consideration transferred     $ 614,219          
Adjustment | Titan                
Preliminary Purchase Price Allocation                
Trade accounts and notes receivable             970  
Intangible assets             (2,469)  
Goodwill             (2,726)  
Accounts payable and accrued expenses             (970)  
Deferred income taxes             2,085  
Fair value of consideration transferred             $ (3,110)