Quarterly Results (unaudited)

12 Months Ended

Apr. 27, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly results are determined in accordance with the accounting policies used for annual data and include certain items based upon estimates for the entire year. All fiscal quarters include results for 13 weeks.



	Quarter Ended
	April 27, 2019			January 26, 2019			October 27, 2018			July 28, 2018 ⁽¹⁾
Net sales	$	1,436,706		$	1,396,745		$	1,404,752		$	1,336,320
Gross profit	312,527			299,509			295,076			283,663
Operating income from continuing operations	46,623			45,363			41,216			4,514
Net income (loss) from continuing operations	27,685			31,054			28,646			(4,509		)
Net loss from discontinued operations	—			—			—			—
Net income (loss)	27,685			31,054			28,646			(4,509		)
Net loss attributable to noncontrolling interests	(305		)	(171		)	(223		)	(53		)
Net income (loss) attributable to Patterson Companies, Inc.	$	27,990		$	31,225		$	28,869		$	(4,456	)
Basic earnings (loss) per share attributable to Patterson Companies, Inc.:
Continuing operations	$	0.30		$	0.34		$	0.31		$	(0.05	)
Discontinued operations	—			—			—			—
Net basic earnings (loss) per share	$	0.30		$	0.34		$	0.31		$	(0.05	)
Diluted earnings (loss) per share attributable to Patterson Companies, Inc.:
Continuing operations	$	0.30		$	0.33		$	0.31		$	(0.05	)
Discontinued operations	—			—			—			—
Net diluted earnings (loss) per share	$	0.30		$	0.33		$	0.31		$	(0.05	)



	Quarter Ended
	April 28, 2018		January 27, 2018 ⁽²⁾		October 28, 2017		July 29, 2017
Net sales	$	1,400,609	$	1,375,222	$	1,385,737	$	1,304,115
Gross profit	289,839		294,736		315,743		299,048
Operating income from continuing operations	41,251		50,046		71,759		56,833
Net income (loss) from continuing operations	20,928		108,955		40,244		30,847
Net loss from discontinued operations	—		—		—		—
Net income (loss)	20,928		108,955		40,244		30,847
Net loss attributable to noncontrolling interests	—		—		—		—
Net income (loss) attributable to Patterson Companies, Inc.	$	20,928	$	108,955	$	40,244	$	30,847
Basic earnings (loss) per share attributable to Patterson Companies, Inc.:
Continuing operations	$	0.23	$	1.18	$	0.43	$	0.33
Discontinued operations	—		—		—		—
Net basic earnings (loss) per share	$	0.23	$	1.18	$	0.43	$	0.33
Diluted earnings (loss) per share attributable to Patterson Companies, Inc.:
Continuing operations	$	0.23	$	1.18	$	0.43	$	0.33
Discontinued operations	—		—		—		—
Net diluted earnings (loss) per share	$	0.23	$	1.18	$	0.43	$	0.33


(1)	In the first quarter of fiscal 2019, we recorded a pre-tax charge of $28,263 related to a litigation settlement. See Note 17 to the Consolidated Financial Statements for additional information.

(2)

In the third quarter of fiscal 2018, the Tax Act was enacted by the U.S. government. During this quarter, we recorded a provisional discrete net tax benefit of $77,256 within net income from continuing operations. See Note 12 to the Consolidated Financial Statements for additional information.