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Acquisition of RSI Home Products, Inc. (the "RSI Acquisition") (Tables) | 12 Months Ended
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Apr. 30, 2019
Business Combinations [Abstract] |
Preliminary Purchase Price Allocation | The following table summarizes the allocation of the purchase price as of the Acquisition Date, which is based on the accounting consideration of $554.2 million, to the estimated fair value of assets acquired and liabilities assumed (in thousands):
Goodwill |  | $ | 767,612 |
Customer relationship intangibles |  |  | 274,000 |
Property, plant and equipment |  |  | 86,275 |
Inventories |  |  | 66,293 |
Customer receivables |  |  | 54,649 |
Income taxes receivable |  |  | 18,926 |
Trademarks |  |  | 10,000 |
Prepaid expenses and other |  |  | 4,571 |
Leasehold interests |  |  | 151 |
Total identifiable assets and goodwill acquired |  |  | 1,282,477 |
Debt |  |  | 602,313 |
Deferred income taxes |  |  | 67,542 |
Accrued expenses |  |  | 30,240 |
Accounts payable |  |  | 25,113 |
Notes payable |  |  | 2,988 |
Income taxes payable |  |  | 49 |
Total liabilities assumed |  |  | 728,245 |
Total accounting consideration |  | $ | 554,232 |
Supplemental Pro Forma Financial Information | The following table presents summarized unaudited pro forma financial information as if RSI had been included in the Company’s financial results for the entire fiscal years ended April 30, 2018 and 2017:
|  | FISCAL YEARS ENDED APRIL 30,
(in thousands) |  | 2018 |  | 2017
Net Sales |  | $ | 1,613,663 |  |  | $ | 1,623,441 |
Net Income (1) |  | $ | 67,388 |  |  | $ | 93,798 |
Net earnings per share - basic |  | $ | 3.83 |  |  | $ | 5.30 |
Net earnings per share - diluted |  | $ | 3.80 |  |  | $ | 5.26 |
(1) Includes stock compensation expense of $17.5 million and $7.4 million for the fiscal year ended April 30, 2018 and 2017, respectively, calculated under the intrinsic value method in measuring stock-based liability awards related to stock-based grants made by RSI prior to the RSI Acquisition.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + 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 -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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