Business Combinations (Tables)

3 Months Ended

Jul. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of preliminary allocation of the consideration transferred

The following table summarizes the preliminary consideration transferred for the Company’s fiscal 2025 acquisitions:

	(in thousands)
Cash	$	122,572
Contingent consideration	26,648
Fair value of consideration transferred	$	149,220

The following table summarizes the preliminary acquisition accounting for the Company’s fiscal 2025 acquisitions based on currently available information:

	Preliminary Acquisition Accounting
	(in thousands)
Cash	$	4,241
Trade accounts and notes receivable	44,285
Inventories	6,931
Property and equipment	15,612
Other assets	9,016
Intangible assets	70,862
Goodwill	39,177
Accounts payable and other liabilities	(19,674)
Deferred income taxes	(21,230)
Fair value of consideration transferred	$	149,220

Schedule of intangible assets acquired

The following table summarizes the preliminary components of intangible assets acquired in connection with the Company’s fiscal 2025 acquisitions (dollars in thousands):

	Fair Value		Weighted Average Amortization Period (Years)
Customer relationships	$	61,239	11.2
Trade names	8,675		15.0
Other	948		5.0
Total intangible assets	$	70,862