Business Combinations (Tables)

9 Months Ended

Jan. 31, 2025

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	$	212,356
Contingent consideration	26,648
Fair value of consideration transferred	$	239,004

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		611		52,332
Inventories	10,731		(185)		10,546
Property and equipment	22,392		—		22,392
Other assets	15,826		161		15,987
Intangible assets	102,563		14,000		116,563
Goodwill	83,217		(16,190)		67,027
Accounts payable and other liabilities	(31,483)		(181)		(31,664)
Deferred income taxes	(21,230)		(1,363)		(22,593)
Fair value of consideration transferred	$	242,151	$	(3,147)	$	239,004

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	$	101,440	11.6
Trade names	13,276		15.0
Other	1,847		5.0
Total intangible assets	$	116,563	11.9