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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 28, 2023
Apr. 29, 2023
Current assets:    
Cash and cash equivalents $ 113,886 $ 159,669
Receivables, net of allowance for doubtful accounts of $3,875 and $3,667 490,428 477,384
Inventory 858,028 795,072
Prepaid expenses and other current assets 328,334 351,011
Total current assets 1,790,676 1,783,136
Property and equipment, net 218,977 212,283
Operating lease right-of-use assets, net 101,532 92,956
Long-term receivables, net 121,030 121,717
Goodwill 156,172 156,420
Identifiable intangibles, net 212,179 231,873
Investments 162,531 160,022
Other non-current assets, net 126,593 120,739
Total assets 2,889,690 2,879,146
Current liabilities:    
Accounts payable 688,687 724,993
Accrued payroll expense 54,718 82,253
Other accrued liabilities 169,005 168,696
Operating lease liabilities 30,132 28,390
Current maturities of long-term debt 36,000 36,000
Borrowings on revolving credit 170,000 45,000
Total current liabilities 1,148,542 1,085,332
Long-term debt 449,974 451,231
Non-current operating lease liabilities 74,393 67,376
Other non-current liabilities 161,692 156,672
Total liabilities 1,834,601 1,760,611
Stockholders’ equity:    
Common stock, $0.01 par value: 600,000 shares authorized; 94,089 and 96,350 shares issued and outstanding 941 964
Additional paid-in capital 249,490 233,706
Accumulated other comprehensive loss (98,962) (89,262)
Retained earnings 902,827 972,127
Total Patterson Companies, Inc. stockholders' equity 1,054,296 1,117,535
Noncontrolling interests 793 1,000
Total stockholders’ equity 1,055,089 1,118,535
Total liabilities and stockholders’ equity $ 2,889,690 $ 2,879,146