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Acquisition of RSI Home Products, Inc. (the "RSI Acquisition") (Tables) | 12 Months Ended
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Apr. 30, 2020
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 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 year ended April 30, 2018:
|  |  |  | FISCAL YEAR ENDED
(in thousands) |  |  |  | APRIL 30, 2018
Net Sales |  |  |  | $ | 1,613,663 |
Net Income (1) |  |  |  | $ | 67,388 |
Net earnings per share - basic |  |  |  | $ | 3.83 |
Net earnings per share - diluted |  |  |  | $ | 3.80 |
(1) Includes stock compensation expense of $17.5 million for the fiscal year ended April 30, 2018 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=116869197&loc=d3e4845-128472 + Details
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