Business Combinations (Tables)

12 Months Ended

Apr. 30, 2025

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

Schedule of Acquisitions Completed

Company Name	Form of Acquisition	Date of Acquisition
Howard & Sons Building Materials, Inc.	Purchase of net assets	May 1, 2024
Yvon (as defined below)	Purchase of 100% of outstanding common stock	July 2, 2024
R.S. Elliott Specialty Supply, Inc.	Purchase of 100% of outstanding common stock	August 26, 2024

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 consideration transferred for the Company’s fiscal 2025 acquisitions:

	(in thousands)
Cash	$	212,150
Contingent consideration	26,648
Fair value of consideration transferred	$	238,798

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

	Initial Acquisition Accounting		Adjustments		Updated Acquisition Accounting
	(in thousands)
Cash	$	8,414	$	—	$	8,414
Trade accounts and notes receivable	51,721		832		52,553
Inventories	10,731		(185)		10,546
Property and equipment	22,392		—		22,392
Operating lease right-of-use assets and other assets	15,826		636		16,462
Intangible assets	102,563		14,000		116,563
Goodwill	83,217		(12,184)		71,033
Accounts payable and other liabilities	(31,483)		(4,957)		(36,440)
Deferred income taxes	(21,230)		(1,495)		(22,725)
Fair value of consideration transferred	$	242,151	$	(3,353)	$	238,798

The following table summarizes the acquisition accounting for the Company’s fiscal 2024 acquisitions:

	Initial Acquisition Accounting		Adjustments		Final 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

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

Schedule of Pro Forma Information

The following table presents the unaudited pro forma consolidated net sales and net income for the Company’s fiscal 2024 acquisitions for the period indicated:

	Year Ended
	April 30, 2024
	(in thousands)
Net sales	$	5,711,196
Net income	263,482