Business Combinations (Tables)

6 Months Ended

Oct. 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	$	215,503
Contingent consideration	26,648
Fair value of consideration transferred	$	242,151

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

	Preliminary Acquisition Accounting		Adjustments		Preliminary Acquisition Accounting
	(in thousands)
Cash	$	8,414	$	—	$	8,414
Trade accounts and notes receivable	51,721		34		51,755
Inventories	10,731		(53)		10,678
Property and equipment	22,392		—		22,392
Other assets	15,826		496		16,322
Intangible assets	102,563		—		102,563
Goodwill	83,217		(477)		82,740
Accounts payable and other liabilities	(31,483)		—		(31,483)
Deferred income taxes	(21,230)		—		(21,230)
Fair value of consideration transferred	$	242,151	$	—	$	242,151

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	$	87,440	10.6
Trade names	13,276		15.0
Other	1,847		5.0
Total intangible assets	$	102,563	11.0