Segment Reporting

9 Months Ended

Jan. 27, 2018

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						Nine Months Ended
	January 27, 2018			January 28, 2017			January 27, 2018			January 28, 2017
Net sales
Dental	$	577,877		$	626,343		$	1,650,314		$	1,782,911
Animal Health	794,867			762,577			2,394,586			2,332,354
Corporate	2,478			8,498			20,174			32,830
Consolidated net sales	$	1,375,222		$	1,397,418		$	4,065,074		$	4,148,095
Operating income (loss) from continuing operations
Dental	$	58,439		$	40,018		$	183,165		$	177,356
Animal Health	18,037			23,777			57,930			60,460
Corporate	(26,430		)	(17,241		)	(62,457		)	(46,043		)
Consolidated operating income from continuing operations	$	50,046		$	46,554		$	178,638		$	191,773

	January 27, 2018		April 29, 2017
Total assets
Dental	$	953,273	$	863,970
Animal Health	2,196,733		2,119,512
Corporate	524,352		524,431
Total assets	$	3,674,358	$	3,507,913

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

	Three Months Ended				Nine Months Ended
	January 27, 2018		January 28, 2017		January 27, 2018		January 28, 2017
Net sales
Consumable	$	1,074,189	$	1,064,098	$	3,270,385	$	3,252,551
Equipment and software	222,574		249,047		540,860		627,187
Other	78,459		84,273		253,829		268,357
Consolidated net sales	$	1,375,222	$	1,397,418	$	4,065,074	$	4,148,095