The following tables reflect the effect of the change in accounting method on our current period Consolidated Financial Statements (in thousands except for per share amounts):


Consolidated Statement of Income for the year ended April 30, 2022
	As Computed under previous method		Effect of Change		As Reported under FIFO
Cost of sales and distribution	$	1,633,255	$	(2,513)	$	1,630,742
Gross Profit	$	223,931	$	2,513	$	226,444
Operating Income	$	33,646	$	2,513	$	36,159
Income (Loss) Before Income Taxes	$	(45,492)	$	2,513	$	(42,979)
Income tax expense (benefit)	$	(13,913)	$	656	$	(13,257)
Net Income (Loss)	$	(31,579)	$	1,857	$	(29,722)
Net earnings (loss) per share, basic	$	(1.90)	$	0.11	$	(1.79)
Net earnings (loss) per share, diluted	$	(1.90)	$	0.11	$	(1.79)


Consolidated Balance Sheet as of April 30,2022
	As Computed under previous method		Effect of Change		As Reported under FIFO
Inventories	$	225,746	$	2,513	$	228,259
Total current assets	$	426,144	$	2,513	$	428,657
Total assets	$	1,629,983	$	2,513	$	1,632,496
Other accrued expenses	$	19,584	$	656	$	20,240
Total current liabilities	$	215,572	$	656	$	216,228
Retained earnings	$	397,577	$	1,857	$	399,434
Total shareholders' equity	$	771,026	$	1,857	$	772,883
Total liabilities and shareholders' equity	$	1,629,983	$	2,513	$	1,632,496


Consolidated Statement of Cash Flows for the year ended April 30, 2022
	As Computed under previous method		Effect of Change		As Reported under FIFO
Net Income (Loss)	$	(31,579)	$	1,857	$	(29,722)
Inventories	$	(67,873)	$	(2,513)	$	(70,386)
Income taxes receivable	$	(6,862)	$	656	$	(6,206)


Consolidated Statement of Shareholders' equity for the year ended April 30, 2022
	As Computed under previous method		Effect of Change		As Reported under FIFO
Net Income (Loss)	$	(31,579)	$	1,857	$	(29,722)
Total shareholders' equity	$	771,026	$	1,857	$	772,883


Consolidated Statement of Comprehensive income for the year ended April 30, 2022
	As Computed under previous method		Effect of Change		As Reported under FIFO
Net Income (Loss)	$	(31,579)	$	1,857	$	(29,722)
Total Comprehensive Income	$	33,214	$	1,857	$	35,071

As a result of the retrospective application of the change in accounting method, certain line items in our Consolidated Financial Statements and related notes were adjusted as follows:


Consolidated Statement of Income for the year ended April 30, 2021
	As Previously Reported		Effect of Change		As Adjusted
Cost of sales and distribution	$	1,424,739	$	(2,843)	$	1,421,896
Gross Profit	$	319,275	$	2,843	$	322,118
Operating Income	$	111,680	$	3,058	$	114,738
Income Before Income Taxes	$	77,435	$	3,258	$	80,693
Income tax expense	$	18,672	$	828	$	19,500
Net Income	$	58,763	$	2,430	$	61,193
Net earnings per share, basic	$	3.46	$	0.15	$	3.61
Net earnings per share, diluted	$	3.45	$	0.14	$	3.59


Consolidated Balance Sheet as of April 30, 2021
	As Previously Reported		Effect of Change		As Adjusted
Inventories	$	140,282	$	17,885	$	158,167
Total current assets	$	392,080	$	17,885	$	409,965
Total assets	$	1,636,514	$	17,885	$	1,654,399
Deferred income taxes	$	38,348	$	4,543	$	42,891
Retained earnings	$	434,940	$	13,342	$	448,282
Total shareholders' equity	$	742,896	$	13,342	$	756,238
Total liabilities and shareholders' equity	$	1,636,514	$	17,885	$	1,654,399


Consolidated Statement of Cash Flows for the year ended April 30, 2021
	As Previously Reported		Effect of Change		As Adjusted
Net income	$	58,763	$	2,430	$	61,193
Deferred income taxes	$	(13,668)	$	828	$	(12,840)
Inventories	$	(31,196)	$	(3,258)	$	(34,454)


Consolidated Statement of Shareholders' equity for the year ended April 30, 2021
	As Previously Reported		Effect of Change		As Adjusted
Net income	$	58,763	$	2,430	$	61,193
Total shareholders' equity	$	742,896	$	13,342	$	756,238


Consolidated Statement of Comprehensive income for the year ended April 30, 2021
	As Previously Reported		Effect of Change		As Adjusted
Net income	$	58,763	$	2,430	$	61,193
Total Comprehensive Income	$	55,368	$	2,430	$	57,798


Consolidated Statement of Income for the year ended April 30, 2020
	As Previously Reported		Effect of Change		As Adjusted
Cost of sales and distribution	$	1,321,147	$	2,624	$	1,323,771
Gross Profit	$	329,186	$	(2,624)	$	326,562
Operating Income	$	132,262	$	(2,127)	$	130,135
Income Before Income Taxes	$	100,548	$	(1,620)	$	98,928
Income tax expense	$	25,687	$	(412)	$	25,275
Net Income	$	74,861	$	(1,208)	$	73,653
Net earnings per share, basic	$	4.43	$	(0.07)	$	4.36
Net earnings per share, diluted	$	4.42	$	(0.08)	$	4.34


Consolidated Statement of Cash Flows for the year ended April 30, 2020
	As Previously Reported		Effect of Change		As Adjusted
Net income	$	74,861	$	(1,208)	$	73,653
Deferred income taxes	$	(11,499)	$	(412)	$	(11,911)
Inventories	$	(4,486)	$	1,620	$	(2,866)


Consolidated Statement of Shareholders' equity for the year ended April 30, 2020
	As Previously Reported		Effect of Change		As Adjusted
Net income	$	74,861	$	(1,208)	$	73,653
Total shareholders' equity	$	700,538	$	10,912	$	711,450


Consolidated Statement of Comprehensive income for the year ended April 30, 2020
	As Previously Reported		Effect of Change		As Adjusted
Net income	$	74,861	$	(1,208)	$	73,653
Total Comprehensive Income	$	73,179	$	(1,208)	$	71,971


Consolidated Statement of Stockholders' equity for the year ended April 31, 2019
	As Previously Reported		Effect of Change		As Adjusted
Retained earnings as of April 30, 2019	$	317,420	$	12,120	$	329,540
Total shareholders' equity as of April 30,2019	$	620,353	$	12,120	$	632,473