XML 26 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 24, 2021
Apr. 25, 2020
Apr. 27, 2019
Income Statement [Abstract]      
Net sales $ 5,912,066 $ 5,490,011 $ 5,574,523
Cost of sales 4,708,936 4,292,601 4,383,748
Gross profit 1,203,130 1,197,410 1,190,775
Operating expenses 992,523 1,094,474 1,053,059
Goodwill impairment 0 675,055 0
Operating income (loss) 210,607 (572,119) 137,716
Other (expense) income:      
Other income, net 13,608 23,499 8,178
Interest expense (24,284) (41,787) (39,666)
Income (loss) before taxes 199,931 (590,407) 106,228
Income tax expense (benefit) 44,822 (1,040) 23,352
Net income (loss) 155,109 (589,367) 82,876
Net loss attributable to noncontrolling interests (872) (921) (752)
Net income (loss) attributable to Patterson Companies, Inc. $ 155,981 $ (588,446) $ 83,628
Earnings (loss) per share attributable to Patterson Companies, Inc.:      
Basic (in usd per share) $ 1.63 $ (6.25) $ 0.90
Diluted (in usd per share) $ 1.61 $ (6.25) $ 0.89
Weighted average shares:      
Basic (in shares) 95,599 94,154 92,755
Diluted (in shares) 96,664 94,154 93,484
Dividends declared per common share (in usd per share) $ 1.04 $ 1.04 $ 1.04
Comprehensive income (loss)      
Net income (loss) $ 155,109 $ (589,367) $ 82,876
Foreign currency translation gain (loss) 33,405 (14,062) (15,583)
Cash flow hedges, net of tax 1,042 7,999 2,288
Comprehensive income (loss) $ 189,556 $ (595,430) $ 69,581