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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 27, 2024
Apr. 29, 2023
Current assets:    
Cash and cash equivalents $ 123,998 $ 159,669
Receivables, net of allowance for doubtful accounts of $3,949 and $3,667 484,530 477,384
Inventory 902,733 795,072
Prepaid expenses and other current assets 321,302 351,011
Total current assets 1,832,563 1,783,136
Property and equipment, net 226,013 212,283
Operating lease right-of-use assets, net 108,506 92,956
Long-term receivables, net 131,812 121,717
Goodwill 156,472 156,420
Identifiable intangibles, net 203,121 231,873
Investments 164,459 160,022
Other non-current assets, net 117,003 120,739
Total assets 2,939,949 2,879,146
Current liabilities:    
Accounts payable 683,300 724,993
Accrued payroll expense 73,237 82,253
Other accrued liabilities 160,914 168,696
Operating lease liabilities 31,137 28,390
Current maturities of long-term debt 4,125 36,000
Borrowings on revolving credit 331,000 45,000
Total current liabilities 1,283,713 1,085,332
Long-term debt 448,219 451,231
Non-current operating lease liabilities 80,499 67,376
Other non-current liabilities 155,353 156,672
Total liabilities 1,967,784 1,760,611
Stockholders’ equity:    
Common stock, $0.01 par value: 600,000 shares authorized; 90,092 and 96,350 shares issued and outstanding 901 964
Additional paid-in capital 253,860 233,706
Accumulated other comprehensive loss (86,163) (89,262)
Retained earnings 802,884 972,127
Total Patterson Companies, Inc. stockholders' equity 971,482 1,117,535
Noncontrolling interests 683 1,000
Total stockholders’ equity 972,165 1,118,535
Total liabilities and stockholders’ equity $ 2,939,949 $ 2,879,146