Acquisitions (Tables)

9 Months Ended

Jan. 26, 2019

Independent dealer assets acquired in fiscal 2019

Summary of fair values at the dates of acquisition

	Second quarter
	fiscal 2019
(Unaudited, amounts in thousands)	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 identifiable 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

Joybird

Summary of fair values at the dates of acquisition

	Second quarter
	fiscal 2019
(Unaudited, amounts in thousands)	acquisitions
Fair value of consideration:
Cash	$	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		3,258
Property, plant and equipment		2,057
Finite-lived tradename		6,400
Other long-term assets		3,175
Accounts payable		(8,222)
Customer deposits		(9,619)
Other current liabilities		(10,306)
Other long-term liabilities		(150)
Total identifiable net liabilities acquired		(8,149)
Goodwill	$	78,134