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Acquisitions (Tables)
12 Months Ended
Apr. 25, 2020
Business Combinations [Abstract]  
Summary of Purchase Price Allocation
We based the purchase price allocations on fair values at the dates of acquisition, and summarize them in the following table:
(Amounts in thousands)
 
Retail Segment Acquisitions
Fair value of consideration:
 
 
Cash
 
$
38,904

Forgiveness of accounts receivable
 
2,610

Guaranteed future payments
 
1,300

Total fair value of consideration
 
42,814

 
 
 
Amounts recognized for assets acquired and liabilities assumed:
 
 
Inventory
 
10,491

Other current assets
 
4,194

Property, plant and equipment
 
929

Indefinite-lived reacquired rights
 
6,600

Other long-term assets
 
183

Customer deposits
 
(6,515
)
Other current liabilities
 
(5,055
)
Total identifiable net assets acquired
 
10,827

 
 
 
Goodwill
 
$
31,987


The following table summarizes the purchase price allocation for Joybird at the date of acquisition:
(Amounts in thousands)
 
Joybird Acquisition
Fair value of consideration:
 
 
Cash (paid at closing)
 
$
37,482

Guaranteed payment
 
22,489

Acquisition earn-out
 
7,500

Assumption of liability
 
5,000

Working capital adjustment
 
(2,486
)
Total fair value of consideration
 
69,985

 
 
 
Amounts recognized for assets acquired and liabilities assumed:
 
 
Inventory
 
5,258

Other current assets
 
3,733

Property, plant and equipment
 
2,057

Finite-lived tradename
 
6,400

Other long-term assets
 
3,647

Accounts payable
 
(8,222
)
Customer deposits
 
(17,365
)
Other current liabilities
 
(7,681
)
Other long-term liabilities
 
(150
)
Total identifiable net liabilities acquired
 
(12,323
)
 
 
 
Goodwill
 
$
82,308