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Acquisitions (Tables)
 12 Months Ended
Apr. 30, 2024
Business Combinations [Abstract]  
Allocation of Purchase Price
The table below summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. We utilized a third-party valuation specialist to assist in valuing the majority of other assets, leases and property and equipment acquired.
Assets acquired:
Inventories$13,351 
Property and equipment279,396 
Finance lease right-of-use assets3,194 
Operating lease right-of-use assets7,201 
Other assets2,137 
Goodwill37,321 
Total assets$342,600 
Liabilities assumed:
Accrued expenses and other long-term liabilities$982 
Finance lease liabilities5,004 
Operating lease liabilities7,041 
Total liabilities13,027 
Net assets acquired and total consideration paid$329,573 
Allocation of the purchase price for the transactions in aggregate for the year ended April 30, 2023, was as follows (in thousands):
Assets acquired:
Inventories$3,976 
Property and equipment79,556 
Goodwill2,408 
Total assets85,940 
Total liabilities371 
Net assets acquired and total purchase price$85,569 
Pro forma information
The following unaudited pro forma information presents a summary of our consolidated statements of income as if the transactions referenced above occurred at the beginning of fiscal 2023 (amounts in thousands, except per share data):
For the year ended April 30,
20242023
Total revenue$15,228,497 $15,799,468 
Net income$521,630 $457,671 
Net income per common share
Basic$14.04 $12.28 
Diluted$13.96 $12.20