CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Oct. 29, 2022 |
Oct. 30, 2021 |
Oct. 29, 2022 |
Oct. 30, 2021 |
|
| Income Statement [Abstract] | ||||
| Net sales | $ 1,626,204 | $ 1,649,161 | $ 3,149,469 | $ 3,264,037 |
| Cost of sales | 1,298,115 | 1,322,726 | 2,509,247 | 2,659,800 |
| Gross profit | 328,089 | 326,435 | 640,222 | 604,237 |
| Operating expenses | 267,994 | 263,575 | 545,283 | 580,906 |
| Operating income | 60,095 | 62,860 | 94,939 | 23,331 |
| Other income (expense): | ||||
| Gains on investments | 0 | 0 | 0 | 87,827 |
| Other income, net | 18,203 | 6,804 | 19,983 | 8,227 |
| Interest expense | (7,544) | (5,521) | (13,107) | (10,716) |
| Income before taxes | 70,754 | 64,143 | 101,815 | 108,669 |
| Income tax expense | 17,105 | 16,205 | 23,906 | 26,929 |
| Net income | 53,649 | 47,938 | 77,909 | 81,740 |
| Net loss attributable to noncontrolling interests | (424) | (392) | (754) | (586) |
| Net income attributable to Patterson Companies, Inc. | $ 54,073 | $ 48,330 | $ 78,663 | $ 82,326 |
| Earnings per share attributable to Patterson Companies, Inc.: | ||||
| Basic (in USD per share) | $ 0.56 | $ 0.50 | $ 0.81 | $ 0.85 |
| Diluted (in USD per share) | $ 0.55 | $ 0.49 | $ 0.81 | $ 0.84 |
| Weighted average shares: | ||||
| Basic (in shares) | 96,913 | 97,321 | 96,771 | 97,089 |
| Diluted (in shares) | 97,552 | 98,363 | 97,708 | 98,363 |
| Dividends declared per common share (in USD per share) | $ 0.26 | $ 0.26 | $ 0.52 | $ 0.52 |
| Comprehensive income: | ||||
| Net income (loss) | $ 53,649 | $ 47,938 | $ 77,909 | $ 81,740 |
| Foreign currency translation (loss) gain | (17,591) | 440 | (22,582) | 764 |
| Cash flow hedges, net of tax | 260 | 260 | 521 | 521 |
| Comprehensive income | $ 36,318 | $ 48,638 | $ 55,848 | $ 83,025 |
| X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|