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Acquisitions (Tables) | 12 Months Ended
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Apr. 27, 2019
Independent dealer assets acquired in fiscal 2019 |
Summary of fair values at the dates of acquisition | :
|  | Second quarter |
|  | fiscal 2019 |
|  | Retail segment |
(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 Corporate &
(Amounts in thousands) |  | Other acquisitions
Fair value of consideration: |  |  |
Cash (paid at closing) |  | $ | 37,482
Guaranteed payment |  |  | 22,489
Acquisition earn-out |  |  | 7,500
Assumption of liability |  |  | 5,000
Working capital adjustment |  |  | (2,486)
Total fair value of consideration |  |  | 69,985
Amounts recognized for assets acquired and liabilities assumed: |  |  |
Inventory |  |  | 5,258
Other current assets |  |  | 3,733
Property, plant and equipment |  |  | 2,057
Finite-lived tradename |  |  | 6,400
Other long-term assets |  |  | 2,878
Accounts payable |  |  | (8,222)
Customer deposits |  |  | (13,904)
Other current liabilities |  |  | (7,681)
Other long-term liabilities |  |  | (150)
Total identifiable net liabilities acquired |  |  | (9,631)
Goodwill |  | $ | 79,616

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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 -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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