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Acquisitions (Tables) | 12 Months Ended
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Apr. 30, 2024
Business Combinations [Abstract] |
Allocation of Purchase Price | The table below summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. We utilized a third-party valuation specialist to assist in valuing the majority of other assets, leases and property and equipment acquired.
Assets acquired: |
Inventories | $ | 13,351 |
Property and equipment | 279,396 |
Finance lease right-of-use assets | 3,194 |
Operating lease right-of-use assets | 7,201 |
Other assets | 2,137 |
Goodwill | 37,321 |
Total assets | $ | 342,600 |
Liabilities assumed: |
Accrued expenses and other long-term liabilities | $ | 982 |
Finance lease liabilities | 5,004 |
Operating lease liabilities | 7,041 |
Total liabilities | 13,027 |
Net assets acquired and total consideration paid | $ | 329,573 |
Allocation of the purchase price for the transactions in aggregate for the year ended April 30, 2023, was as follows (in thousands):
Assets acquired: |
Inventories | $ | 3,976 |
Property and equipment | 79,556 |
Goodwill | 2,408 |
Total assets | 85,940 |
Total liabilities | 371 |
Net assets acquired and total purchase price | $ | 85,569 |
Pro forma information | The following unaudited pro forma information presents a summary of our consolidated statements of income as if the transactions referenced above occurred at the beginning of fiscal 2023 (amounts in thousands, except per share data):
| For the year ended April 30,
| 2024 |  | 2023
Total revenue | $ | 15,228,497 |  |  | $ | 15,799,468 |
Net income | $ | 521,630 |  |  | $ | 457,671 |
Net income per common share |  |  |
Basic | $ | 14.04 |  |  | $ | 12.28 |
Diluted | $ | 13.96 |  |  | $ | 12.20 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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