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Acquisitions (Tables) | 6 Months Ended
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Oct. 27, 2018
Independent dealer assets acquired in fiscal 2019 |
Summary of fair values at the dates of acquisition |
|  | Second quarter
|  | fiscal 2019
(Unaudited, amounts in thousands) |  | acquisitions
Fair value of consideration: |  |  |
Cash |  | $ | 38,904
Forgiveness of accounts receivable |  |  | 2,610
Guaranteed future payments |  |  | 1,300
Total fair value of consideration |  |  | 42,814
Amounts recognized for identifiable assets acquired and liabilities assumed: |  |  |
Inventory |  |  | 10,491
Other current assets |  |  | 4,194
Property, plant and equipment |  |  | 929
Indefinite-lived reacquired rights |  |  | 6,600
Other long-term assets |  |  | 183
Customer deposits |  |  | (6,515)
Other current liabilities |  |  | (5,055)
Total identifiable net assets acquired |  |  | 10,827
Goodwill |  | $ | 31,987
Joybird |
Summary of fair values at the dates of acquisition |
|  | Second quarter
|  | fiscal 2019
(Unaudited, amounts in thousands) |  | acquisitions
Fair value of consideration: |  |  |
Cash |  | $ | 37,482
Guaranteed payment |  |  | 22,489
Acquisition earn-out |  |  | 3,300
Assumption of liability |  |  | 5,000
Working capital adjustment |  |  | (2,486)
Total fair value of consideration |  |  | 65,785
Amounts recognized for assets acquired and liabilities assumed: |  |  |
Inventory |  |  | 5,258
Other current assets |  |  | 3,258
Property, plant and equipment |  |  | 2,057
Finite-lived tradename |  |  | 6,400
Other long-term assets |  |  | 4,010
Accounts payable |  |  | (8,399)
Customer deposits |  |  | (9,619)
Other current liabilities |  |  | (12,876)
Other long-term liabilities |  |  | (150)
Total identifiable net liabilities acquired |  |  | (10,061)
Goodwill |  | $ | 75,846

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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