XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2018
Consolidated Statements of Operations and Comprehensive Income      
Net sales $ 3,241,307 $ 3,116,032 $ 2,511,469
Cost of sales (exclusive of depreciation and amortization shown separately below) 2,178,093 2,111,913 1,692,893
Gross profit 1,063,214 1,004,119 818,576
Operating expenses:      
Selling, general and administrative 784,081 739,460 633,877
Depreciation and amortization 116,533 117,459 65,530
Impairment of goodwill 63,074    
Total operating expenses 963,688 856,919 699,407
Operating income 99,526 147,200 119,169
Other (expense) income:      
Interest expense (67,718) (73,677) (31,395)
Gain on legal settlement 14,029    
Write-off of debt discount and deferred financing fees (1,331)   (74)
Change in fair value of financial instruments   (6,395) (6,125)
Other income, net 1,819 2,913 2,279
Total other expense, net (53,201) (77,159) (35,315)
Income before taxes 46,325 70,041 83,854
Provision for income taxes 22,944 14,039 20,883
Net income $ 23,381 $ 56,002 $ 62,971
Weighted average common shares outstanding:      
Basic (in shares) 41,853 40,914 41,015
Diluted (in shares) 42,504 41,589 42,163
Net income per common share:      
Basic (in dollars per share) [1] $ 0.56 $ 1.33 $ 1.54
Diluted (in dollars per share) [1] $ 0.55 $ 1.31 $ 1.49
Comprehensive income (loss)      
Net income $ 23,381 $ 56,002 $ 62,971
Foreign currency translation loss (18,257) (22,320)  
Changes in other comprehensive income (loss), net of tax (20,251) (4,695) 1,325
Comprehensive income (loss) $ (15,127) $ 28,987 $ 64,296
[1] See Note 19 for detailed calculations.