Business Combinations (Tables)

12 Months Ended

Apr. 30, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of acquisitions completed

Company Name	Form of Acquisition	Date of Acquisition
Jawl Lumber Corporation	Purchase of 100% of outstanding common stock	May 1, 2023
AMW Construction Supply, LLC	Purchase of net assets	October 1, 2023
Kamco Supply Corporation and affiliates	Purchase of net assets	March 1, 2024

Company Name	Form of Acquisition	Date of Acquisition
Construction Supply of Southwest Florida, Inc.	Purchase of net assets	June 1, 2022
Tanner Bolt and Nut, Inc.	Purchase of net assets	December 30, 2022
Blair Building Materials, Inc.	Purchase of net assets	April 3, 2023
Engler, Meier and Justus, Inc.	Purchase of 100% of outstanding common stock	April 3, 2023

Schedule of preliminary allocation of the consideration transferred

The following table summarizes the preliminary acquisition accounting for these acquisitions, and subsequent measurement period adjustments recorded, based on currently available information:

	Initial Acquisition Accounting		Adjustments		Updated Acquisition Accounting
	(in thousands)
Cash	$	3,028	$	—	$	3,028
Trade accounts and notes receivable	37,355		154		37,509
Inventories	25,713		37		25,750
Prepaid and other current assets	411		(32)		379
Property and equipment	17,035		—		17,035
Operating lease right-of-use assets	61,703		—		61,703
Customer relationships	124,954		(4,353)		120,601
Trade names	44,064		(664)		43,400
Non-compete agreements	4,600		—		4,600
Goodwill	151,726		3,700		155,426
Accounts payable and accrued expenses	(21,925)		(208)		(22,133)
Operating lease liabilities	(61,703)		—		(61,703)
Deferred income taxes	(6,586)		963		(5,623)
Fair value of consideration transferred	$	380,375	$	(403)	$	379,972

The following table summarizes the acquisition accounting for the Company's fiscal 2023 acquisitions:

	Preliminary Acquisition Accounting		Adjustments		Final Acquisition Accounting
	(in thousands)
Trade accounts and notes receivable	$	20,267	$	(959)	$	19,308
Inventories	16,768		54		16,822
Prepaid and other current assets	542		(138)		404
Property and equipment	4,689		—		4,689
Operating lease right-of-use assets	6,894		—		6,894
Customer relationships	14,039		—		14,039
Trade names	4,614		—		4,614
Goodwill	10,697		(822)		9,875
Accounts payable and accrued expenses	(9,091)		—		(9,091)
Operating lease liabilities	(6,894)		—		(6,894)
Deferred income taxes	(793)		609		(184)
Fair value of consideration transferred	$	61,732	$	(1,256)	$	60,476

The following table summarizes the acquisition accounting:

	Initial Acquisition Accounting		Adjustments		Final Acquisition Accounting
	(in thousands)
Trade accounts and notes receivable	$	27,081	$	(799)	$	26,282
Inventories	28,900		(948)		27,952
Prepaid and other current assets	228		—		228
Property and equipment	16,687		—		16,687
Operating lease right-of-use assets	20,782		—		20,782
Customer relationships	51,500		—		51,500
Trade names	11,300		—		11,300
Goodwill	13,351		2,625		15,976
Accounts payable and accrued expenses	(14,375)		(405)		(14,780)
Operating lease liabilities	(15,819)		—		(15,819)
Fair value of consideration transferred	$	139,635	$	473	$	140,108

The following table summarizes the acquisition accounting:

	Initial Acquisition Accounting		Adjustments		Final Acquisition Accounting
	(in thousands)
Cash and cash equivalents	$	10,692	$	—	$	10,692
Trade accounts and notes receivable	9,955		(54)		9,901
Inventories	15,464		870		16,334
Prepaid and other current assets	1,941		—		1,941
Property and equipment	6,165		—		6,165
Operating lease right-of-use assets	8,238		(235)		8,003
Customer relationships	63,000		(3,000)		60,000
Trade names	53,000		(4,000)		49,000
Patents	3,000		—		3,000
Goodwill	104,557		2,822		107,379
Accounts payable and accrued expenses	(14,827)		3,170		(11,657)
Deferred tax liability	(28,440)		2,355		(26,085)
Operating lease liabilities	(8,238)		235		(8,003)
Fair value of consideration transferred	$	224,507	$	2,163	$	226,670

Schedule of pro forma information

The following table presents the unaudited pro forma consolidated net sales and net income for the Company for the periods indicated:

	Year Ended		Year Ended
	April 30, 2024		April 30, 2023
	(in thousands)
Net sales	$	5,711,196	$	5,622,824
Net income	263,482		332,831