Discontinued Operations (Tables)

6 Months Ended

Oct. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of Assets and Liabilities Held For Sale and Results of Operations Under Discontinued Operation Activities

The following summarizes the assets and liabilities of Patterson Medical as of April 25, 2015:

	April 25,
	2015
Assets held for sale
Receivables, net of allowance for doubtful accounts	$	57,876
Inventory		48,265
Prepaid expenses and other current assets		12,206
Property and equipment, net		22,672
Goodwill		537,175
Identifiable intangibles, net		74,804
Other long-term assets		1,143
Total assets held for sale	$	754,141
Liabilities held for sale
Accounts payable	$	26,341
Accrued liabilities and other current liabilities		12,975
Long-term liabilities		49,414
Total liabilities held for sale	$	88,730

The following summarizes the results of operations of our discontinued Patterson Medical operations for the periods presented:

	Three Months Ended					Six Months Ended
	October 31, 2015 (a)			October 25, 2014		October 31, 2015			October 25, 2014
Net sales	$	37,693		$	125,105	$	168,504		$	245,678
Cost of sales		24,486			78,570		107,359			153,535
Operating expenses		22,915			27,454		54,954			54,304
Gain on sale		(25,520	)		—		(25,520	)		—
Other expense (income)		60			17		150			(115	)
Income before taxes		15,752			19,064		31,561			37,954
Income taxes		22,894			7,151		29,311			14,077
Net income from discontinued operations	$	(7,142	)	$	11,913	$	2,250		$	23,877

^(a)  Includes activity up until the sale date of August 28, 2015.