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CONSOLIDATED AND COMBINED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2021
Apr. 30, 2021
Current assets:    
Cash and cash equivalents $ 56,343 $ 60,801
Accounts receivable, net of allowance for credit losses of $89 on July 31, 2021 and $119 on April 30, 2021 33,525 37,487
Inventories 92,042 74,296
Prepaid expenses and other current assets 9,022 7,098
Income tax receivable   149
Total current assets 190,932 179,831
Property, plant, and equipment, net 10,950 10,992
Intangible assets, net 50,321 53,643
Goodwill 64,315 64,315
Right-of-use assets 24,984 25,375
Deferred income taxes 6,793 6,683
Other assets 364 424
Total assets 348,659 341,263
Current liabilities:    
Accounts payable 20,182 16,021
Accrued expenses 12,322 9,843
Accrued payroll and incentives 3,242 6,774
Accrued income taxes 720  
Lease liabilities, current 1,793 1,771
Accrued profit sharing 2,181 1,933
Total current liabilities 40,440 36,342
Lease liabilities, net of current portion 24,327 24,780
Other non-current liabilities 85 236
Total liabilities 64,852 61,358
Commitments and contingencies (Note 11)
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,099,641 shares issued and outstanding on July 31, 2021 and 14,059,440 shares issued and outstanding on April 30, 2021 14 14
Additional paid in capital 265,807 265,362
Retained earnings 17,986 14,529
Total equity 283,807 279,905
Total liabilities and equity $ 348,659 $ 341,263