Acquisition of RSI Home Products, Inc. (the "RSI Acquisition") (Tables)

12 Months Ended

Apr. 30, 2020

The following table summarizes the allocation of the purchase price as of the Acquisition Date, which is based on the consideration of $554.2 million, to the estimated fair value of assets acquired and liabilities assumed (in thousands):



Goodwill	$	767,612
Customer relationship intangibles		274,000
Property, plant and equipment		86,275
Inventories		66,293
Customer receivables		54,649
Income taxes receivable		18,926
Trademarks		10,000
Prepaid expenses and other		4,571
Leasehold interests		151
Total identifiable assets and goodwill acquired		1,282,477

Debt		602,313
Deferred income taxes		67,542
Accrued expenses		30,240
Accounts payable		25,113
Notes payable		2,988
Income taxes payable		49
Total liabilities assumed		728,245

Total accounting consideration	$	554,232

Supplemental Pro Forma Financial Information

The following table presents summarized unaudited pro forma financial information as if RSI had been included in the Company’s financial results for the entire fiscal year ended April 30, 2018:



	FISCAL YEAR ENDED
(in thousands)	APRIL 30, 2018
Net Sales	$	1,613,663
Net Income (1)	$	67,388
Net earnings per share - basic	$	3.83
Net earnings per share - diluted	$	3.80

(1) Includes stock compensation expense of $17.5 million for the fiscal year ended April 30, 2018 calculated under the intrinsic value method in measuring stock-based liability awards related to stock-based grants made by RSI prior to the RSI Acquisition.