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Acquisitions (Tables) | 12 Months Ended
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Apr. 30, 2025
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 customer relationships, trade name, leases, and property and equipment acquired.
Assets acquired: |
Cash and cash equivalents | $ | 60,212 |
Receivables | 25,368 |
Inventories | 50,928 |
Prepaid and other current assets | 2,509 |
Deferred income taxes | 9,903 |
Property and equipment | 529,719 |
Operating lease right-of-use assets | 313,867 |
Other assets | 940 |
Customer relationships and trade name | 38,000 |
Goodwill | 577,652 |
Total assets | 1,609,098 |
Liabilities assumed: |
Accounts payable | 70,892 |
Accrued expenses and other long-term liabilities | 21,972 |
Operating lease liabilities | 350,482 |
Total liabilities | 443,346 |
Net assets acquired and total purchase price | $ | 1,165,752 |
Allocation of the purchase price for the transactions in aggregate for the year ended April 30, 2024, was as follows:
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 |
Pro forma information | The following unaudited pro forma information presents a summary of our consolidated results of operations as if the acquisition of Fikes occurred at the beginning of the first fiscal year of the periods presented below (amounts in thousands, except per share data):
| For the year ended April 30,
| 2025 |  | 2024
Total revenue | $ | 17,011,273 |  |  | $ | 17,079,181 |
Net income | $ | 549,676 |  |  | $ | 447,093 |
Net income per common share |  |  |
Basic | $ | 14.81 |  |  | $ | 12.03 |
Diluted | $ | 14.72 |  |  | $ | 11.96 |

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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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