ACQUISTION OF IWCO DIRECT (Tables)

6 Months Ended

Jan. 31, 2018

Summary of Preliminary Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair value of assets acquired and liabilities assumed at the date of the acquisition (in thousands):

Accounts receivable	$	47,841
Inventory		27,165
Other current assets		7,427
Property and equipment		87,976
Intangible assets		210,920
Goodwill		259,085
Other assets		3,040
Accounts payable		(31,069	)
Accrued liabilities and other current liabilities		(35,790	)
Customer deposits		(7,829	)
Deferred income taxes		(79,918	)
Other liabilities		(19,627	)
Total consideration	$	469,221

Summary of Pro Forma Information

	Three Months Ended			Six Months Ended			Three Months Ended		Six Months Ended
	January 31, 2017						January 31, 2018
	(unaudited)						(unaudited)
Net revenue	$	239,375		$	466,979		$	208,393	$	433,006
Net income	$	(7,034	)	$	(24,268	)	$	68,827	$	59,787