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Concentration of Risk | 6 Months Ended
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Oct. 31, 2023
Risks and Uncertainties [Abstract] |
Concentration of Risk | Concentration of Risks Financial instruments that potentially subject the Company to concentrations of risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with major financial institutions and such balances may, at times, exceed Federal Deposit Insurance Corporation insurance limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk with respect to cash. Credit is extended to customers based on an evaluation of each customer's financial condition and generally collateral is not required. The Company's customers operate in the new home construction and home remodeling markets. The Company maintains an allowance for expected credit losses based upon management's evaluation and judgment of potential net loss. The allowance is estimated based upon historical experience, the effects of current developments and economic conditions, and each customer's current and anticipated financial condition. Estimates and assumptions are periodically reviewed and updated. Any resulting adjustments to the allowance are reflected in current operating results. As of October 31, 2023, the Company's two largest customers, Customers A and B, represented 32.3% and 18.4% of the Company's gross customer receivables, respectively. As of October 31, 2022, Customers A and B represented 31.7% and 17.5% of the Company's gross customer receivables, respectively. The following table summarizes the percentage of net sales attributable to the Company's two largest customers for the three- and six-months ended October 31, 2023 and 2022:
| Three Months Ended |  | Six Months Ended
| October 31, |  | October 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Customer A | 27.9% |  | 28.9% |  | 28.1% |  | 29.6%
Customer B | 13.0% |  | 13.4% |  | 13.5% |  | 13.8%

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent + Details
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- References No definition available. + Details
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