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Business Combination Achieved in Stages (Tables)

12 Months Ended

Apr. 30, 2023

Schedule of Unaudited Pro Forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the fiscal year ending May 2, 2021, has been prepared as if this acquisition had occurred on April 29, 2019.

(dollars in thousands, except per share data)				May 2, 2021
Net Sales				$	300,995
Income from operations				$	12,138
Net income				$	2,430
Net income per share - basic				$	0.20
Net income per share - diluted				$	0.20

CIH [Member]

Schedule of Allocation of Consideration Transferred to Assets Acquired and Liabilities Assumed

The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values.

(dollars in thousands)		Fair Value
Cash and cash equivalents		$	62
Accounts receivable			169
Inventory			31
Right of use assets			2,544
Equipment and leasehold improvements			846
Accounts payable			(155	)
Fair value of identifiable assets acquired and liabilities assumed			3,497
Gain on bargain purchase			(819	)
		$	2,678

X

- 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
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-SubTopic 10
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+ References

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