BUSINESS COMBINATIONS (Tables)

12 Months Ended

Apr. 29, 2018

Schedule of Allocation of Acquisition Cost to Assets Acquired and Liabilities Assumed

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


dollars in thousands)	Fair Value
Customer relationships (Note 8)	$	2,247
Goodwill (Note 6)		2,107
Inventory		1,128
Accounts receivable		897
Tradename (Note 8)		683
Property, plant & equipment		379
Other assets		35
Deferred revenue		(903	)
Accounts payable		(719	)
Accrued expenses		(174	)

	$	5,680

Schedule of Unaudited Pro Forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for the years ending April 29, 2018 and April 30, 2017 have been prepared as if the acquisition of Read had occurred at May 2, 2016.


	Years ended
(dollars in thousands, except per share data)	April 29, 2018		April 30, 2017
Net Sales	$	334,953	$	321,398
Income from operations		26,799		30,441
Net income		20,455		22,552
Net income per share, basic		1.65		1.83
Net income per share, diluted		1.62		1.80