Segment Reporting

9 Months Ended

Jan. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Through fiscal 2015, Patterson was comprised of three reportable segments: dental supply, veterinary supply and rehabilitation supply. This fiscal year, we reorganized our reportable segments as a result of our acquisition of Animal Health International, Inc. and our divestiture of our wholly-owned subsidiary Patterson Medical Holdings, Inc., the entity through which we operated the rehabilitation supply business. We now present three different reportable segments: Dental, Animal Health and Corporate. Prior period segment results have been restated to conform to this revised current period presentation.

Our Dental and Animal Health reportable business segments are strategic business units that offer similar products and services to different customer bases. Dental provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions and value-added services to dentists and dental laboratories throughout North America. Animal Health, formerly our Patterson Veterinary reportable segment, is a leading, full-line distributor in North America and the U.K. of animal health products, services and technologies to both the production-animal and companion-pet markets. Our Corporate segment, which was previously included in our dental supply reporting segment through the end of fiscal 2015, is

comprised of general and administrative expenses, including home office support costs in areas such as information technology, finance, legal, human resources and facilities. In addition, customer financing and other miscellaneous sales are reported within Corporate results. Corporate assets consist primarily of cash and cash equivalents, accounts receivable, property and equipment and long-term receivables. We evaluate segment performance based on operating income. The costs to operate the distribution centers are allocated to the operating units based on the through-put of the unit.

The following table presents information about Patterson’s reportable segments:

	Three Months Ended						Nine Months Ended
	January 30, 2016			January 24, 2015			January 30, 2016			January 24, 2015
Net sales
Corporate	$	13,489		$	10,158		$	37,380		$	29,050
Dental	637,651			610,655			1,814,090			1,746,165
Animal Health	749,713			337,815			2,081,463			1,100,589
Consolidated net sales	$	1,400,853		$	958,628		$	3,932,933		$	2,875,804
Operating income (loss) from continuing operations
Corporate	$	(12,338	)	$	(12,535	)	$	(46,193	)	$	(38,698	)
Dental	82,108			78,048			223,454			214,024
Animal Health	25,959			11,864			64,108			40,187
Consolidated operating income from continuing operations	$	95,729		$	77,377		$	241,369		$	215,513

	January 30, 2016		April 25, 2015
Total assets
Corporate	$	526,452	$	539,863
Dental	935,347		1,022,257
Animal Health	2,093,871		631,445
Total assets, excluding assets held for sale	3,555,670		2,193,565
Assets held for sale	—		754,141
Total assets	$	3,555,670	$	2,947,706

The following table presents sales information by product for all of Patterson’s reportable segments:

	Three Months Ended				Nine Months Ended
	January 30, 2016		January 24, 2015		January 30, 2016		January 24, 2015
Net sales
Consumables (a)	$	1,059,838	$	638,541	$	3,042,634	$	2,020,345
Equipment and software	248,779		235,847		610,071		596,650
Other (a)	92,236		84,240		280,228		258,809
Consolidated net sales	$	1,400,853	$	958,628	$	3,932,933	$	2,875,804

^(a) Certain sales were reclassified from consumable to other in current and prior periods.