Segment and Geographic Data

12 Months Ended

Apr. 30, 2016

Segment Reporting [Abstract]

Segment and Geographic Data

Segment and Geographic Data

Through fiscal 2015, Patterson was comprised of three reportable segments: dental supply, veterinary supply and rehabilitation supply. In fiscal 2016, 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 fulfillment centers are allocated to the operating units based on the through-put of the unit.

The following table presents information about our reportable segments:

	Fiscal Year Ended
	April 30, 2016			April 25, 2015			April 26, 2014
Net sales
Dental	$	2,476,234		$	2,415,003		$	2,348,403
Animal Health	2,862,249			1,456,570			1,203,045
Corporate	48,220			39,292			33,693
Consolidated net sales	$	5,386,703		$	3,910,865		$	3,585,141
Operating income
Dental	$	312,176		$	300,357		$	284,674
Animal Health	94,318			56,670			49,855
Corporate	(58,781		)	(52,441		)	(40,803		)
Consolidated operating income	$	347,713		$	304,586		$	293,726
Depreciation and amortization
Dental	$	18,903		$	18,568		$	17,416
Animal Health	44,243			8,861			7,237
Corporate	19,237			17,094			17,793
Consolidated depreciation and amortization	$	82,383		$	44,523		$	42,446
	April 30, 2016			April 25, 2015
Total assets
Dental	$	994,113		$	1,022,257
Animal Health	2,064,302			631,445
Corporate	462,389			537,405
Total assets, excluding assets held for sale	3,520,804			2,191,107
Assets held for sale	—			754,141
Total assets	$	3,520,804		$	2,945,248

The following table presents sales information by product for each reportable segment:

	Fiscal Year Ended
	April 30, 2016		April 25, 2015		April 26, 2014
Consolidated
Consumable1	$	4,153,921	$	2,697,581	$	2,418,201
Equipment and software	857,001		865,013		839,152
Other 1	375,781		348,271		327,788
Total	$	5,386,703	$	3,910,865	$	3,585,141
Dental
Consumable1	$	1,378,886	$	1,319,407	$	1,285,459
Equipment and software	806,993		818,342		795,132
Other 1	290,355		277,254		267,812
Total	$	2,476,234	$	2,415,003	$	2,348,403
Animal Health
Consumable1	$	2,775,035	$	1,378,174	$	1,132,742
Equipment and software	50,008		46,671		44,020
Other 1	37,206		31,725		26,283
Total	$	2,862,249	$	1,456,570	$	1,203,045
Corporate
Consumable1	$	—	$	—	$	—
Equipment and software	—		—		—
Other 1	48,220		39,292		33,693
Total	$	48,220	$	39,292	$	33,693

¹ Certain sales were reclassified from consumable to other in the current and prior periods.

The following table presents information by geographic area. No individual country, except for the U.S. and the U.K., generated sales greater than 10% of consolidated net sales. There were no material sales between geographic areas.

	Fiscal Year Ended
	April 30, 2016		April 25, 2015		April 26, 2014
Net sales
United States	$	4,457,254	$	3,029,541	$	2,933,091
United Kingdom	626,603		649,541		419,341
Canada	302,846		231,783		232,709
Total	$	5,386,703	$	3,910,865	$	3,585,141
	April 30, 2016		April 25, 2015
Property and equipment, net
United States	$	278,667	$	190,618
United Kingdom	2,459		2,857
Canada	12,189		10,658
Total	$	293,315	$	204,133