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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 25, 2020
Apr. 25, 2020
Current assets:    
Cash and cash equivalents $ 119,561 $ 77,944
Receivables, net of allowance for doubtful accounts of $5,900 and $5,123 372,317 416,523
Inventory 700,535 812,194
Prepaid expenses and other current assets 267,714 236,104
Total current assets 1,460,127 1,542,765
Property and equipment, net 300,041 303,725
Operating lease right-of-use assets, net 77,515 79,021
Long-term receivables, net 241,602 214,915
Goodwill, net 139,197 138,724
Identifiable intangibles, net 305,005 313,505
Other non-current assets 122,709 122,695
Total assets 2,646,196 2,715,350
Current liabilities:    
Accounts payable 549,715 862,093
Accrued payroll expense 86,614 68,385
Other accrued liabilities 175,255 113,714
Operating lease liabilities 31,200 30,706
Borrowings on revolving credit 136,000 0
Total current liabilities 978,784 1,074,898
Long-term debt 588,011 587,766
Non-current operating lease liabilities 47,806 49,854
Other non-current liabilities 176,857 166,388
Total liabilities 1,791,458 1,878,906
Stockholders’ equity:    
Common stock, $0.01 par value: 600,000 shares authorized; 96,256 and 95,947 shares issued and outstanding 963 959
Additional paid-in capital 152,317 146,606
Accumulated other comprehensive loss (84,190) (97,039)
Retained earnings 799,587 799,652
Unearned ESOP shares (16,061) (16,061)
Total Patterson Companies, Inc. stockholders' equity 852,616 834,117
Noncontrolling interests 2,122 2,327
Total stockholders’ equity 854,738 836,444
Total liabilities and stockholders’ equity $ 2,646,196 $ 2,715,350