Segment Reporting

6 Months Ended

Oct. 29, 2016

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

We present three reportable segments: Dental, Animal Health and Corporate. Dental and Animal Health 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, dental laboratories, institutions, and other healthcare professionals throughout North America. Animal Health 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 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:

	Three Months Ended						Six Months Ended
	October 29, 2016			October 31, 2015			October 29, 2016			October 31, 2015
Net sales
Dental	$	601,553		$	601,322		$	1,156,568		$	1,176,439
Animal Health	807,146			774,453			1,569,777			1,331,750
Corporate	9,542			13,435			24,332			23,891
Consolidated net sales	$	1,418,241		$	1,389,210		$	2,750,677		$	2,532,080
Operating income (loss) from continuing operations
Dental	$	77,043		$	74,094		$	137,338		$	141,346
Animal Health	21,854			25,177			36,683			38,149
Corporate	(19,094		)	(15,808		)	(28,802		)	(33,855		)
Consolidated operating income from continuing operations	$	79,803		$	83,463		$	145,219		$	145,640

	October 29, 2016		April 30, 2016
Total assets
Dental	$	930,541	$	994,113
Animal Health	2,148,059		2,064,302
Corporate	511,768		462,389
Total assets	$	3,590,368	$	3,520,804

The following table presents sales information by product for all of our reportable segments:

	Three Months Ended				Six Months Ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Net sales
Consumable	$	1,112,232	$	1,087,489	$	2,188,453	$	1,982,796
Equipment and software	217,194		207,809		378,140		361,292
Other	88,815		93,912		184,084		187,992
Consolidated net sales	$	1,418,241	$	1,389,210	$	2,750,677	$	2,532,080