XML 54 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisition of RSI Home Products, Inc. (the "RSI Acquisition") (Narrative) (Details) - USD ($)
3 Months Ended 4 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 29, 2017
Apr. 30, 2018
Jan. 31, 2018
Oct. 31, 2017
Jul. 31, 2017
Apr. 30, 2017
Jul. 31, 2016
Apr. 30, 2018
Oct. 31, 2016
Jan. 31, 2017
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2016
May 01, 2016
Business Acquisition [Line Items]                            
Cash consideration, net of cash acquired                     $ 57,200,000 $ 0 $ 0  
Goodwill, net   $ 767,451,000       $ 0   $ 767,451,000     767,451,000 0    
Customer receivables $ 57,100,000                          
Allowance for returns and discounts 2,400,000                          
Net sales   405,887,000 $ 292,791,000 $ 274,769,000 $ 276,827,000 $ 258,737,000 $ 258,150,000   $ 264,076,000 $ 249,285,000 1,250,274,000 1,030,248,000 947,045,000  
Operating profit                     107,705,000 108,238,000 93,160,000  
Charge to cost of sales as a result of the step up of inventory                     $ 994,871,000 $ 805,612,000 $ 747,351,000  
Statutory tax rate                     30.40% 35.00% 35.00%  
Amortization expense, net of tax                     $ 20,000,000 $ 27,200,000    
Debt issuance costs                     $ 6,700,000      
Amortization period                     5 years      
Interest expense, net of tax                     $ 2,400,000 4,400,000    
Transaction expenses add-back, net of tax                     8,500,000 $ 1,600,000    
RSI Home Products, Inc. [Member]                            
Business Acquisition [Line Items]                            
Indebtedness assumed (including accrued interest) 589,000,000                          
Total accounting consideration paid 554,232,000                          
Cash consideration, net of cash acquired $ 363,300,000                          
Newly issued shares (shares) 1,457,568                          
Value of newly issued common stock $ 189,800,000                          
Price per share (usd per share) $ 130.25                          
Goodwill, net $ 767,451,000                          
Allowance for doubtful accounts 100,000                          
Net sales               177,700,000            
Operating profit               9,100,000            
Transaction costs                     12,900,000      
Revolving Credit Facility [Member]                            
Business Acquisition [Line Items]                            
Proceeds from term loan 50,000,000                          
Borrowed under the Credit Agreement   0           0     0      
Revolving Credit Facility [Member] | RSI Home Products, Inc. [Member]                            
Business Acquisition [Line Items]                            
Proceeds from term loan 50,000,000                          
Revolving Credit Facility [Member] | Revolving Facility [Member] | RSI Home Products, Inc. [Member]                            
Business Acquisition [Line Items]                            
Line of credit facility, maximum borrowing capacity 100,000,000                          
Revolving Credit Facility [Member] | Credit Agreement [Member]                            
Business Acquisition [Line Items]                            
Borrowed under the Credit Agreement                           $ 300,000,000
Letter of Credit [Member] | Revolving Facility [Member] | RSI Home Products, Inc. [Member]                            
Business Acquisition [Line Items]                            
Line of credit facility, maximum borrowing capacity 25,000,000                          
Loans Payable [Member] | Initial Term Loan [Member]                            
Business Acquisition [Line Items]                            
Borrowed under the Credit Agreement   230,000,000           230,000,000     230,000,000      
Loans Payable [Member] | Initial Term Loan [Member] | RSI Home Products, Inc. [Member]                            
Business Acquisition [Line Items]                            
Line of credit facility, maximum borrowing capacity $ 250,000,000                          
Loan facility term 5 years                          
Loans Payable [Member] | Delayed Draw Term Loan [Member]                            
Business Acquisition [Line Items]                            
Borrowed under the Credit Agreement   $ 230,000,000           230,000,000     230,000,000      
Loans Payable [Member] | Delayed Draw Term Loan [Member] | RSI Home Products, Inc. [Member]                            
Business Acquisition [Line Items]                            
Line of credit facility, maximum borrowing capacity $ 250,000,000                          
Fair Value Adjustment to Inventory [Member] | RSI Home Products, Inc. [Member]                            
Business Acquisition [Line Items]                            
Charge to cost of sales as a result of the step up of inventory               $ 6,300,000     $ 4,100,000      
Pro Forma [Member]                            
Business Acquisition [Line Items]                            
Statutory tax rate                     34.40% 40.40%