American Woodmark (AMWD) 10-K 29 Jun 21 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Apr. 30, 2021	Jun. 18, 2021	Oct. 31, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Apr. 30, 2021
Document Transition Report	false
Entity File Number	000-14798
Entity Registrant Name	American Woodmark Corporation
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1138147
Entity Address, Address Line One	561 Shady Elm Road,
Entity Address, City or Town	Winchester,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22602
City Area Code	540
Local Phone Number	665-9100
Title of 12(g) Security	Common Stock
Trading Symbol	AMWD
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,394,021,693
Entity Common Stock, Shares Outstanding		16,608,781
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant's definitive Proxy Statement for the Annual Meeting of Shareholders to be held on August 26, 2021 ("Proxy Statement") are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0000794619
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
ICFR Auditor Attestation Flag	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Current Assets
Cash and cash equivalents	$ 91,071	$ 97,059
Customer receivables, net	146,866	106,344
Inventories	140,282	111,836
Prepaid expenses and other	13,861	9,933
Total Current Assets	392,080	325,172
Property, plant and equipment, net	204,002	203,824
Operating lease right-of-use assets	123,118	127,668
Finite-Lived Intangible Assets [Line Items]
Goodwill, net	767,612	767,612
Promotional displays, net	14,554	13,966
Deferred income taxes	1,118	915
Other assets	12,252	13,983
TOTAL ASSETS	1,636,514	1,622,806
Current Liabilities
Accounts payable	91,622	56,342
Current maturities of long-term debt	8,322	2,216
Short-term lease liability - operating	19,994	18,896
Accrued compensation and related expenses	58,577	49,064
Accrued marketing expenses	20,019	12,361
Other accrued expenses	21,913	16,727
Total Current Liabilities	220,447	155,606
Long-term debt, less current maturities	513,450	594,921
Deferred income taxes	38,348	52,935
Long-term lease liability - operating	109,628	112,454
Other long-term liabilities	11,745	6,352
Shareholders' Equity
Preferred stock, $1.00 par value; 2,000,000 shares authorized, none issued	0	0
Common stock, no par value; 40,000,000 shares authorized; issued and outstanding shares:  at April 30, 2021: 16,801,101, at April 30, 2020: 16,926,537	362,524	359,430
Retained earnings	434,940	392,281
Accumulated other comprehensive loss -
Defined benefit pension plans	(54,568)	(51,173)
Total Shareholders' Equity	742,896	700,538
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,636,514	1,622,806
Customer relationships intangibles, net
Finite-Lived Intangible Assets [Line Items]
Intangibles, net	121,778	167,444
Trademarks, net
Finite-Lived Intangible Assets [Line Items]
Intangibles, net	$ 0	$ 2,222

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2021	Apr. 30, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	16,801,101	16,926,537
Common stock, shares outstanding	16,801,101	16,926,537

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Income Statement [Abstract]
Net sales	$ 1,744,014	$ 1,650,333	$ 1,645,319
Cost of sales and distribution	1,424,739	1,321,147	1,298,846
Gross Profit	319,275	329,186	346,473
Selling and marketing expenses	89,464	83,608	89,875
General and administrative expenses	112,283	113,334	112,917
Restructuring charges, net	5,848	(18)	1,987
Operating Income	111,680	132,262	141,694
Interest expense, net	23,128	29,027	35,652
Other (income) expense, net	11,117	2,687	(4,846)
Income Before Income Taxes	77,435	100,548	110,888
Income tax expense	18,672	25,687	27,200
Net Income	$ 58,763	$ 74,861	$ 83,688
Earnings per share
Basic (usd per share)	$ 3.46	$ 4.43	$ 4.84
Diluted (usd per share)	$ 3.45	$ 4.42	$ 4.83

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 58,763	$ 74,861	$ 83,688
Other comprehensive (loss) net of tax:
Change in pension benefits, net of deferred taxes of $(1,156), $(573), and $190, respectively	(3,395)	(1,682)	(422)
Total Comprehensive Income	$ 55,368	$ 73,179	$ 83,266

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Statement of Comprehensive Income [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ (1,156)	$ (573)	$ 190

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning Balance, Shares at Apr. 30, 2018		17,503,922
Beginning Balance at Apr. 30, 2018	$ 581,665	$ 361,158	$ 269,576	$ (49,069)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	83,688		83,688
Other comprehensive income (loss), net of tax	(422)			(422)
Stock-based compensation	$ 3,040	$ 3,040
Exercise of stock-based compensation awards, net of amounts withheld for taxes, shares	12,801	48,928
Exercise of stock-based compensation awards, net of amounts withheld for taxes	$ (1,241)	$ (1,241)
Stock repurchases, shares		(745,232)
Stock repurchases	(50,000)	$ (14,156)	(35,844)
Employee benefit plan contributions, shares		41,408
Employee benefit plan contributions	3,623	$ 3,623
Ending Balance, Shares at Apr. 30, 2019		16,849,026
Ending Balance at Apr. 30, 2019	620,353	$ 352,424	317,420	(49,491)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	74,861		74,861
Other comprehensive income (loss), net of tax	(1,682)			(1,682)
Stock-based compensation	$ 3,989	$ 3,989
Exercise of stock-based compensation awards, net of amounts withheld for taxes, shares	5,167	31,790
Exercise of stock-based compensation awards, net of amounts withheld for taxes	$ (755)	$ (755)
Employee benefit plan contributions, shares		45,721
Employee benefit plan contributions	$ 3,772	$ 3,772
Ending Balance, Shares at Apr. 30, 2020	16,926,537	16,926,537
Ending Balance at Apr. 30, 2020	$ 700,538	$ 359,430	392,281	(51,173)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	58,763		58,763
Other comprehensive income (loss), net of tax	(3,395)			(3,395)
Stock-based compensation	$ 4,598	$ 4,598
Exercise of stock-based compensation awards, net of amounts withheld for taxes, shares	0	29,019
Exercise of stock-based compensation awards, net of amounts withheld for taxes	$ (1,351)	$ (1,351)
Stock repurchases, shares		(200,046)
Stock repurchases	(20,000)	$ (3,896)	(16,104)
Employee benefit plan contributions, shares		45,591
Employee benefit plan contributions	$ 3,743	$ 3,743
Ending Balance, Shares at Apr. 30, 2021	16,801,101	16,801,101
Ending Balance at Apr. 30, 2021	$ 742,896	$ 362,524	$ 434,940	$ (54,568)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
OPERATING ACTIVITIES
Net income	$ 58,763,000	$ 74,861,000	$ 83,688,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Depreciation and amortization	100,289,000	98,513,000	94,446,000
Net (gain) loss on disposal of property, plant and equipment	(1,859,000)	2,629,000	1,973,000
Reduction in carrying amount of operating lease right-of-use assets	27,192,000	25,405,000	0
Amortization of debt issuance costs	2,501,000	2,603,000	2,724,000
Unrealized (gain) loss on foreign exchange forward contracts	(1,102,000)	1,102,000	0
Loss on extinguishment of debt	(13,792,000)	0	0
Gain on insurance recoveries	0	0	(580,000)
Stock-based compensation expense	4,598,000	3,989,000	3,040,000
Deferred income taxes	(13,668,000)	(11,499,000)	(7,805,000)
Pension contributions in excess of expense	(2,007,000)	(1,130,000)	(7,875,000)
Net gain on debt forgiveness and modification	0	0	5,266,000
Contributions of employer stock to employee benefit plan	3,743,000	3,772,000	3,623,000
Other non-cash items	4,140,000	672,000	916,000
Changes in operating assets and liabilities:
Customer receivables	(42,829,000)	21,018,000	9,719,000
Inventories	(31,196,000)	(4,486,000)	(4,852,000)
Income taxes receivable	488,000	1,162,000	26,357,000
Prepaid expenses and other assets	(6,456,000)	(3,165,000)	(5,172,000)
Accounts payable	32,752,000	(6,237,000)	(4,775,000)
Accrued compensation and related expenses	1,226,000	(5,843,000)	6,225,000
Operating lease liabilities	(24,371,000)	(22,595,000)	0
Marketing and other accrued expenses	25,767,000	(3,229,000)	(5,541,000)
Net Cash Provided by Operating Activities	151,763,000	177,542,000	190,845,000
INVESTING ACTIVITIES
Payments to acquire property, plant and equipment	(35,734,000)	(31,670,000)	(32,128,000)
Proceeds from sales of property, plant and equipment	3,889,000	323,000	64,000
Proceeds from insurance recoveries	0	0	580,000
Acquisition of business, net of cash acquired	0	0	(7,182,000)
Maturities of certificates of deposit	0	1,500,000	8,000,000
Investment in promotional displays	(10,584,000)	(9,069,000)	(7,257,000)
Net Cash Used by Investing Activities	(42,429,000)	(38,916,000)	(37,923,000)
FINANCING ACTIVITIES
Payments of long-term debt	(432,508,000)	(98,468,000)	(122,205,000)
Proceeds from long-term debt	350,000,000	0	0
Proceeds from issuance of common stock and other	0	295,000	500,000
Repurchase of common stock	(20,000,000)	0	(50,000,000)
Withholding of employee taxes related to stock-based compensation	(1,351,000)	(1,050,000)	(1,739,000)
Debt issuance cost	(2,930,000)	0	(232,000)
Premium paid on debt extinguishment	(8,533,000)	0	0
Net Cash Provided (Used) by Financing Activities	(115,322,000)	(99,223,000)	(173,676,000)
Net (Decrease) Increase in Cash and Cash Equivalents	(5,988,000)	39,403,000	(20,754,000)
Cash and Cash Equivalents, Beginning of Year	97,059,000	57,656,000	78,410,000
Cash and Cash Equivalents, End of Year	91,071,000	97,059,000	57,656,000
Non-cash investing and financing activities:
Property, plant and equipment	2,527	1,303	1,331
Cash paid during the period for:
Interest	22,981	27,654	35,908
Income taxes	$ 33,055	$ 36,154	$ 22,035

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies American Woodmark Corporation ("American Woodmark," the "Company," "we," "our" or "us") manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets. Its products are sold on a national basis directly to home centers, builders and through a network of independent dealers and distributors. The Company operates within a single reportable segment primarily within the U.S.; long-lived assets and sales outside the U.S. are not significant. The following is a description of the Company's significant accounting policies: Principles of Consolidation and Basis of Presentation: The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Revenue Recognition : Our principal performance obligations are the sale of kitchen, bath, and home organization products. The Company recognizes revenue as control of our products is transferred to our customers, which is at the time of shipment or upon delivery based on the contractual terms with our customers. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods to our customers. Payment terms on our product sales normally range from 30 to 90 days. Taxes assessed by a governmental authority that we collect are excluded from revenue. The expected costs associated with our contractual warranties are recognized as expense when the products are sold. See Note K — Commitments and Contingencies for further discussion. When revenue is recognized, we record estimates to reduce revenue for customer programs and incentives in order to determine the amount of consideration the Company will ultimately be entitled to receive. Customer programs and incentives are considered variable consideration, and include price discounts, volume-based incentives, promotions, and cooperative advertising. The Company includes variable consideration in revenue only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the variable consideration is resolved. This determination is made based upon known customer programs and incentive offerings at the time of sale, and expected sales volume forecasts as it relates to our volume-based incentives. This determination is updated each reporting period. In addition, for certain customer program incentives, we receive an identifiable benefit (goods or services) in exchange for the consideration given and record the associated expenditure in selling, general and administrative expenses. We account for shipping and handling costs that occur before the customer has obtained control of a product as a fulfillment activity rather than as a promised service. These costs are classified within costs of sales and distribution. Cost of Sales and Distribution : Cost of sales and distribution includes all costs associated with the manufacture and distribution of the Company's products including the costs of shipping and handling. Advertising Costs : Advertising costs are expensed as incurred. Advertising expenses for fiscal years 2021, 2020, and 2019 were $34.1 million, $33.9 million, and $38.9 million, respectively. Cash and Cash Equivalents : Cash in excess of operating requirements is invested in money market accounts which are carried at cost (which approximates fair value). The Company considers all highly liquid short-term investments with an original maturity of three months or less when purchased to be cash equivalents. Inventories : Inventories are stated at lower of cost or market. Inventory costs are determined by the last-in, first-out ("LIFO") method and for certain subsidiaries by the first-in, first-out ("FIFO") method. The LIFO cost reserve is determined in the aggregate for inventory and is applied as a reduction to inventories determined on the FIFO method. FIFO inventory cost approximates replacement cost. Property, Plant and Equipment: Property, plant and equipment is stated on the basis of cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, which range from 15 to 30 years for buildings and improvements and 3 to 12 years for machinery and equipment. Assets under financing leases are amortized over the shorter of their estimated useful lives or the term of the related lease. Impairment of Long-Lived Assets: The Company reviews its long-lived assets for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During fiscal years 2021, 2020, and 2019, the Company concluded no impairment existed. Goodwill : Goodwill represents the excess of purchase price over the fair value of net assets acquired. The Company does not amortize goodwill but evaluates for impairment annually, or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In accordance with the accounting standards, an entity has the option first to assess qualitative factors to determine whether events and circumstances indicate that it is more likely than not that goodwill is impaired. If after such assessment an entity concludes that the asset is not more likely than not impaired, the entity is not required to take further action. However, if an entity concludes otherwise, it is required to determine the fair value of the asset using a quantitative impairment test, and if impaired, the associated assets must be written down to fair value. During fiscal years 2021, 2020, and 2019, the Company concluded no impairment existed. Other Intangible Assets: Intangible assets consist of customer relationship intangibles and trademarks. The Company amortizes the cost of other intangible assets over their estimated useful lives, which range from three to six years, unless such lives are deemed indefinite. The Company reviews its intangible assets for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During fiscal years 2021, 2020, and 2019, the Company concluded no impairment existed. Promotional Displays : The Company invests in promotional displays in retail stores to demonstrate product features, product and quality specifications, and to serve as a training tool for retail kitchen designers. The Company invests in these long-lived productive assets to provide the aforementioned benefits. The Company's investment in promotional displays is carried at cost less applicable amortization. Amortization is calculated using the straight-line method on an individual display basis over periods of 24 to 60 months (the estimated period of benefit). Promotional display amortization expense for fiscal years 2021, 2020, and 2019 was $10.0 million, $8.2 million, and $6.4 million, respectively, and is included in selling and marketing expenses. Income Taxes: The Company accounts for deferred income taxes utilizing the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the tax effects of temporary differences between the financial statement amounts and the tax basis of assets and liabilities, using enacted tax rates in effect for the year in which these items are expected to reverse. At each reporting date, the Company evaluates the need for a valuation allowance to adjust deferred tax assets and liabilities to an amount that more likely than not will be realized. Pensions : Prior to April 30, 2020, the Company had two non-contributory defined benefit pension plans covering many of the Company's employees hired prior to April 30, 2012. Effective April 30, 2012, the Company froze all future benefit accruals under the Company's hourly and salaried defined benefit pension plans. Effective April 30, 2020, these plans were merged into one plan. The Company recognizes the overfunded or underfunded status of its defined benefit pension plans, measured as the difference between the fair value of plan assets and the benefit obligation, in its consolidated balance sheets. The Company also recognizes the actuarial gains and losses and the prior service costs, credits and transition costs as a component of other comprehensive loss, net of tax. On November 16, 2020 the Company filed an application with the Internal Revenue Service to terminate the pension plan with an effective date of December 31, 2020. Stock-Based Compensation: The Company recognizes stock-based compensation expense based on the grant date fair value over the requisite service period. The Company records the expense for stock-based compensation awards subject to performance-based criteria vesting over the remaining service period when the Company determines that achievement of the performance criteria is probable. The Company evaluates when the achievement of performance-based criteria is probable based on the expected satisfaction of the performance criteria at each reporting date. Self Insurance: The Company is self-insured for certain costs related to employee medical coverage, workers' compensation liability, general liability, auto liability, and property insurance. The Company maintains stop-loss coverage with third-party insurers to limit total exposure. The Company establishes a liability at each balance sheet date based on estimates for a variety of factors that influence the Company's ultimate cost. In the event that actual experience is substantially different from the estimates, the financial results for the period could be adversely affected. The Company believes that the methodologies used to estimate insurance liabilities are an accurate reflection of the liabilities as of the date of the consolidated balance sheets. Foreign Exchange Forward Contracts: In the normal course of business, the Company is subject to risk from adverse fluctuations in foreign exchange rates. The Company manages these risks through the use of foreign exchange forward contracts. The Company recognizes its outstanding forward contracts in the consolidated balance sheets at their fair values. The Company does not designate the forward contracts as accounting hedges. The changes in the fair value of the forward contracts are recorded in other (income) expense, net in the consolidated statements of income. At April 30, 2021, the Company held no forward contracts. Use of Estimates : The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during each reporting period. Actual results could differ from those estimates. Recent Accounting Pronouncements : In February 2016, the Financial Accounting Standards Board (the "FASB") issued a new standard for leases, ASC 842, which requires lessees to recognize almost all leases on their balance sheet as a right-of-use ("ROU") asset and lease liability. The standard is effective for annual periods beginning after December 15, 2018. The standard provides for the option to elect a package of practical expedients upon adoption. The Company adopted the standard on May 1, 2019 using the modified retrospective transition approach and elected the package of practical expedients that allows it to forgo reassessment of lease classification for leases that have already commenced. The Company also elected the practical expedients to the new standard without restating comparative prior period financial information and to not recognize ROU assets and liabilities for operating leases with shorter than 12-month terms. On May 1, 2019, the Company recognized operating lease assets and operating lease liabilities of $80.4 million. The new standard did not have a material impact on the Company's results of operations, cash flows or opening retained earnings, or on its debt covenant calculations. ASC 842 also requires entities to disclose certain qualitative and quantitative information regarding the amount, timing, and uncertainty of cash flows arising from leases. Such disclosures are included in Note N — Leases . In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes," which simplifies the accounting for income taxes by removing certain exceptions for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods . The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for the Company beginning May 1, 2021. The Company has reviewed the provisions of this new pronouncement and the adoption of this guidance is not expected to have an impact on financial position or results of operations. In March 2020, the FASB issued ASU No. 2020-04 "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022 and can be adopted as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020. The Company has identified loans and other financial instruments that are directly or indirectly influenced by LIBOR and does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements .

Customer Receivables

Customer Receivables	12 Months Ended
	Apr. 30, 2021
Receivables [Abstract]
Customer Receivables	Customer Receivables The components of customer receivables were: APRIL 30 (in thousands) 2021 2020 Gross customer receivables $ 156,187 $ 112,528 Less: Allowance for doubtful accounts (331) (472) Allowance for returns and discounts (8,990) (5,712) Net customer receivables $ 146,866 $ 106,344

Inventories

Inventories	12 Months Ended
	Apr. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were: APRIL 30 (in thousands) 2021 2020 Raw materials $ 63,384 $ 51,460 Work-in-process 51,176 42,381 Finished goods 43,526 32,572 Total FIFO inventories 158,086 126,413 Reserve to adjust inventories to LIFO value (17,804) (14,577) Total inventories $ 140,282 $ 111,836

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Apr. 30, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The components of property, plant and equipment were: APRIL 30 (in thousands) 2021 2020 Land $ 4,431 $ 4,431 Buildings and improvements 116,103 120,819 Buildings and improvements - financing leases 11,636 11,636 Machinery and equipment 315,371 312,806 Machinery and equipment - financing leases 31,386 30,911 Construction in progress 22,669 8,164 501,596 488,767 Less accumulated amortization and depreciation (297,594) (284,943) Total $ 204,002 $ 203,824 Amortization and depreciation expense on property, plant and equipment amounted to $38.3 million, $36.9 million, and $36.2 million in fiscal years 2021, 2020, and 2019, respectively. Accumulated amortization on financing leases included in the above table amounted to $33.0 million and $32.3 million as of April 30, 2021 and 2020, respectively.

Intangible Assets and Trademark

Intangible Assets and Trademarks	12 Months Ended
	Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Trademarks	Intangible Assets and Trademarks The components of customer relationships intangibles were: APRIL 30 (in thousands) 2021 2020 Customer relationship intangibles $ 274,000 $ 274,000 Less accumulated amortization (152,222) (106,556) Total $ 121,778 $ 167,444 The components of trademarks were: APRIL 30 (in thousands) 2021 2020 Trademarks $ 10,000 $ 10,000 Less accumulated amortization (10,000) (7,778) Total $ — $ 2,222 Customer relationship intangibles and trademarks are amortized over the estimated useful lives on a straight-line basis over six

Loans Payable and Long-Term Deb

Loans Payable and Long-Term Debt	12 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Loans Payable and Long-Term Debt	Loans Payable and Long-Term Debt Maturities of long-term debt are as follows: FISCAL YEARS ENDING APRIL 30 (in thousands) 2022 2023 2024 2025 2026 2027 AND THERE- TOTAL OUTSTANDING AS OF APRIL 30, 2021 TOTAL OUTSTANDING AS OF APRIL 30, 2020 Term loans $ 6,250 $ 6,250 $ 12,500 $ 18,750 $ 206,250 $ — $ 250,000 $ 244,000 Revolving credit — — — — 264,000 — 264,000 — The Senior Notes — — — — — — — 350,000 Finance lease obligations 2,072 1,660 1,322 332 108 — 5,494 5,687 Other long-term debt — 46 253 256 259 5,845 6,659 6,659 Total $ 8,322 $ 7,956 $ 14,075 $ 19,338 $ 470,617 $ 5,845 $ 526,153 $ 606,346 Debt issuance costs $ (4,381) $ (9,209) Current maturities $ (8,322) $ (2,216) Total long-term debt $ 513,450 $ 594,921 Term Loans and Revolving Credit Facility On December 29, 2017, the Company entered into a credit agreement (the "Prior Credit Agreement") with a syndicate of lenders and Wells Fargo Bank, National Association, as administrative agent. The Prior Credit Agreement provided for a $100 million revolving loan facility with a $25 million sub-facility for the issuance of letters of credit, a $250 million initial term loan facility and a $250 million delayed draw term loan facility. The Company borrowed the entire $250 million under the initial term loan facility, the entire $250 million under the delayed draw term loan facility and approximately $50 million under the revolving loan facility in connection with the acquisition of RSI Home Products, Inc. ("RSI") and the refinancing of certain senior notes assumed from RSI (the "RSI Notes"). The facilities under the Prior Credit Agreement were scheduled to mature on December 29, 2022. On April 22, 2021, the Company amended and restated the Prior Credit Agreement. The amended and restated credit agreement (the "A&R Credit Agreement") provides for a $500 million revolving loan facility with a $50 million sub-facility for the issuance of letters of credit (the "Revolving Facility") and a $250 million term loan facility (the "Term Loan Facility"). Also on April 22, 2021, the Company borrowed the entire $250 million under the Term Loan Facility and approximately $264 million under the Revolving Facility to fund, in part, the repayment in full of the amounts then outstanding under the Prior Credit Agreement and the redemption of the Senior Notes (as defined below). The Company is required to repay the Term Loan Facility in specified quarterly installments. The Revolving Facility and Term Loan Facility mature on April 22, 2026. As of April 30, 2021, $250 million was outstanding on the Term Loan Facility as compared to a total of $244 million outstanding on the term loans under the Prior Credit Agreement as of April 30, 2020. As of April 30, 2021, $264 million was outstanding under the Revolving Facility as compared to no amounts outstanding under the revolving credit facility under the Prior Credit Agreement as of April 30, 2020. Outstanding letters of credit under the Revolving Facility were $8.3 million as of April 30, 2021, leaving approximately $227.7 million in available capacity under the Revolving Facility as of April 30, 2021. The outstanding balances noted above approximate fair value as the facilities have a floating interest rate. Amounts outstanding under the Term Loan Facility and the Revolving Facility bear interest based on a fluctuating rate measured by reference to either, at the Company's option, a base rate plus an applicable margin or LIBOR plus an applicable margin, with the applicable margin being determined by reference to the Company's then-current "Secured Net Leverage Ratio." The Company also incurs a quarterly commitment fee on the average daily unused portion of the Revolving Facility during the applicable quarter at a rate per annum also determined by reference to the Company's then-current "Secured Net Leverage Ratio." In addition, a letter of credit fee accrues on the face amount of any outstanding letters of credit at a per annum rate equal to the applicable margin on LIBOR loans, payable quarterly in arrears. As of April 30, 2021, the applicable margin with respect to base rate loans and LIBOR loans was 0.25% and 1.25%, respectively, and the commitment fee was 0.125%. The A&R Credit Agreement includes provisions providing for the transition from LIBOR to a replacement benchmark upon the occurrence of certain events. The Company does not currently expect any such transition to materially impact its financing costs. The A&R Credit Agreement includes certain financial covenants that require the Company to maintain (i) a "Consolidated Interest Coverage Ratio" of no less than 2.00 to 1.00 and (ii) a "Total Net Leverage Ratio" of no greater than 4.00 to 1.00, subject, in each case, to certain limited exceptions. The A&R Credit Agreement includes certain additional covenants, including negative covenants that restrict the ability of the Company and certain of its subsidiaries to incur additional indebtedness, create additional liens on its assets, make certain investments, dispose of its assets, or engage in a merger or other similar transaction or engage in transactions with affiliates, subject, in each case, to the various exceptions and conditions described in the A&R Credit Agreement. The negative covenants further restrict the ability of the Company and certain of its subsidiaries to make certain restricted payments, including, in the case of the Company, the payment of dividends and the repurchase of common stock, in certain limited circumstances. As of April 30, 2021, the Company was in compliance with all covenants included in the A&R Credit Agreement. The Company's obligations under the A&R Credit Agreement are guaranteed by the Company's domestic subsidiaries and the obligations of the Company and its domestic subsidiaries under the A&R Credit Agreement and their guarantees, respectively, are secured by a pledge of substantially all of their respective personal property. The Senior Notes On February 12, 2018, the Company issued $350 million in aggregate principal amount of 4.875% Senior Notes due 2026 (the "Senior Notes") and utilized the proceeds, together with the proceeds from the delayed draw term loan under the Prior Credit Agreement, to refinance the RSI Notes. The Senior Notes were guaranteed by the Company's domestic subsidiaries and were scheduled to mature on March 15, 2026. On April 26, 2021, the Company redeemed in full the Senior Notes at a redemption price equal to 102.438% of the principal amount of the Senior Notes, plus accrued and unpaid interest to the redemption date. The Company recognized a net loss on debt modification related to the A&R Credit Agreement and the redemption of the Senior Notes of $13.8 million, which is included in other (income) expense, net in the consolidated statements of income. Financing Lease Obligations The Company has various financing leases with interest rates between 2.0% and 4.5%. The leases require monthly payments and expire by March 15, 2026. The outstanding amounts owed as of April 30, 2021 and 2020 were $5.5 million and $5.7 million, respectively. Other Long-term Debt On January 25, 2016, the Company entered into a New Markets Tax Credit ("NMTC") financing agreement, pursuant to section 45D of the Internal Revenue Code of 1986, as amended, and Kentucky Revised Statutes Sections 141.432 through 141.434, to take advantage of a tax credit related to working capital and capital improvements at its Monticello, Kentucky facility. This financing agreement was structured with unrelated third party financial institutions (the "Investors"), their wholly-owned investment funds ("Investment Funds") and their wholly-owned community development entities ("CDEs") in connection with our participation in qualified transactions under the NMTC program. In exchange for substantially all of the benefits derived from the tax credits, the Investors made a contribution of $2.3 million, net of syndication fees, to the project. Upon closing the transaction, a wholly owned subsidiary of the Company provided a $4.3 million loan receivable to the Investment Funds, which is included in other long term assets in the accompanying consolidated balance sheets. The Company also entered into loan agreements aggregating $6.6 million payable to the CDEs sponsoring the project. The loans have a term of 30 years with an aggregate interest rate of approximately 1.2%. As of April 30, 2021 and 2020, the Company had drawn $6.7 million of the loan proceeds, which is included in long-term debt in the accompanying consolidated balance sheets. The NMTC is subject to recapture for a period of seven years, the compliance period. During the compliance period, the Company is required to comply with various regulations and contractual provisions that apply to the NMTC arrangement. We do not anticipate any credit recaptures will be required in connection with this arrangement. This transaction also includes a put/call feature which becomes enforceable at the end of the compliance period whereby we may be obligated or entitled to repurchase the Investors' interest in the Investment Funds. The value attributable to the put/call is nominal. Direct costs of $0.3 million incurred in structuring the financing arrangement are deferred and will be recognized as expense over the term of the loans (30 years).

Earnings Per Share

Earnings Per Share	12 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table summarizes the computations of basic and diluted earnings per share: FISCAL YEARS ENDED APRIL 30 (in thousands, except per share amounts) 2021 2020 2019 Numerator used in basic and diluted earnings per common share: Net income $ 58,763 $ 74,861 $ 83,688 Denominator: Denominator for basic earnings per common share - weighted-average shares 16,970 16,908 17,289 Effect of dilutive securities: Stock options and restricted stock units 67 44 41 Denominator for diluted earnings per common share - weighted-average shares and assumed conversions 17,037 16,952 17,330 Net earnings per share Basic $ 3.46 $ 4.43 $ 4.84 Diluted $ 3.45 $ 4.42 $ 4.83 An immaterial amount of anti-dilutive securities for the fiscal year ended April 30, 2019 were excluded from the calculation of net earnings per share. There were no anti-dilutive securities for the fiscal years ended April 30, 2021 and 2020, which were excluded from the calculation of net earnings per share. Under a stock repurchase authorization approved by its Board of Directors (the "Board") on November 30, 2016, the Company was authorized to purchase up to $50 million of the Company's common shares. On August 23, 2018, the Board reinstated the program. On November 28, 2018, the Board authorized an additional stock repurchase program of up to $14 million of the Company's common shares. This authorization was in addition to the stock repurchase program authorized on November 30, 2016. No funds remained from the amount authorized by the Board to repurchase the Company's common shares. On August 22, 2019, the Board authorized an additional stock repurchase program of up to $50 million of the Company's common shares. $30.0 million remained from the amount authorized by the Board to repurchase the Company's common shares. The Company funded share repurchases using available cash and cash generated from operations. Repurchased shares became authorized but unissued common shares. The Company did not repurchase any of its shares during fiscal 2020. The Company purchased a total of 200,046 common shares, for an aggregate purchase price of $20.0 million and a total of 745,232 common shares, for an aggregate purchase price of $50.0 million during fiscal 2021 and 2019, respectively, under the authorizations pursuant to a repurchase plan intended to comply with the requirements of Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. On May 25, 2021, the Board authorized a stock repurchase program of up to $100 million of the Company's outstanding common shares. In conjunction with this authorization the Board cancelled the $30 million remaining from the August 2019 authorization.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Apr. 30, 2021
Share-based Payment Arrangement [Abstract]
Shareholders' Equity and Share-based Payments	Stock-Based Compensation The Company has had two types of stock-based compensation awards in effect for its employees and directors. The Company issued stock options until fiscal 2015 and has issued restricted stock units ("RSUs") since fiscal 2010. Total compensation expense related to stock-based awards for the fiscal years ended April 30, 2021, 2020, and 2019 was $4.6 million, $4.0 million, and $3.0 million, respectively. The Company recognizes stock-based compensation costs net of an estimated forfeiture rate for those shares expected to vest on a straight-line basis over the requisite service period of the award. The Company estimates the forfeiture rates based upon its historical experience. Stock Incentive Plans At April 30, 2021, the Company had RSU awards outstanding under two different plans: (1) 2016 employee stock incentive plan; and (2) 2015 non-employee directors equity ownership plan. As of April 30, 2021, there were 632,666 shares of common stock available for future stock-based compensation awards under the Company's stock incentive plans. Methodology Assumptions For purposes of determining the fair value of RSUs, the Company uses the closing stock price of its common stock as reported on the NASDAQ Global Select Market on the date of grant. The fair value of the Company's RSU awards is expensed on a straight-line basis over the vesting period of the RSUs to the extent the Company believes it is probable the related performance criteria, if any, will be met. Stock Option Activity Stock options granted and outstanding under each of the Company's plans vest evenly over a three The Company did not grant stock options during the fiscal years ended April 30, 2021, 2020, and 2019. There were no stock options outstanding at April 30, 2021. The following table presents a summary of the Company's stock option activity for the fiscal years ended April 30, 2021, 2020, and 2019 (remaining contractual term in years and exercise prices are weighted-averages): NUMBER OF OPTIONS WEIGHTED AVERAGE REMAINING CONTRACTUAL TERM WEIGHTED AVERAGE EXERCISE PRICE AGGREGATE INTRINSIC VALUE Outstanding at April 30, 2018 17,968 4.5 $44.23 $ 682 Exercised (12,801) 0 39.04 651 Outstanding at April 30, 2019 5,167 6.1 $57.11 $ 170 Exercised (5,167) 0 57.11 — Outstanding at April 30, 2020 — 0 $— $ — Exercised — 0 — — Outstanding at April 30, 2021 — 0 $— $ — Vested and expected to vest in the future at April 30, 2021 — 0 $— $ — Exercisable at April 30, 2021 — 0 $— $ — Cash received from option exercises for the fiscal years ended April 30, 2021, 2020, and 2019, was an aggregate of $0.0 million, $0.3 million, and $0.5 million, respectively. The actual tax benefit realized for the tax deduction from option exercises of stock option awards was immaterial for the fiscal years ended April 30, 2021, 2020, and 2019, respectively. Restricted Stock Unit Activity: The Company's RSUs granted to employees cliff-vest over a three two one three The following table contains a summary of the Company's RSU activity for the fiscal years ended April 30, 2021, 2020, and 2019: PERFORMANCE-BASED RSUs SERVICE-BASED RSUs TOTAL RSUs WEIGHTED AVERAGE GRANT Issued and outstanding, April 30, 2018 97,651 55,059 152,710 $73.34 Granted 45,615 30,335 75,950 $104.10 Cancelled due to non-achievement of performance goals (10,352) — (10,352) $80.26 Settled in common stock (34,475) (18,778) (53,253) $60.50 Forfeited (9,257) (5,347) (14,604) $79.49 Issued and outstanding, April 30, 2019 89,182 61,269 150,451 $76.91 Granted 61,379 42,691 104,070 $53.95 Cancelled due to non-achievement of performance goals (11,305) — (11,305) $85.13 Settled in common stock (18,628) (21,521) (40,149) $67.03 Forfeited (2,941) (3,229) (6,170) $86.68 Issued and outstanding, April 30, 2020 117,687 79,210 196,897 $66.68 Granted 124,374 76,846 201,220 $66.00 Cancelled due to non-achievement of performance goals (17,461) — (17,461) $89.31 Settled in common stock (19,058) (27,208) (46,266) $88.57 Forfeited (73,858) (37,377) (111,235) $71.63 Issued and outstanding, April 30, 2021 131,684 91,471 223,155 $64.81 As of April 30, 2021, there was $11.1 million of total unrecognized compensation expense related to unvested RSUs granted under the Company's stock-based compensation plans. This expense is expected to be recognized over a weighted-average period of 1.8 years. For the fiscal years ended April 30, 2021, 2020, and 2019 stock-based compensation expense was allocated as follows: (in thousands) 2021 2020 2019 Cost of sales and distribution $ 1,461 $ 809 $ 691 Selling and marketing expenses 982 1,006 649 General and administrative expenses 2,155 2,174 1,700 Stock-based compensation expense, before income taxes $ 4,598 $ 3,989 $ 3,040 Restricted Stock Tracking Units:

Employee Benefit and Retirement

Employee Benefit and Retirement Plans	12 Months Ended
	Apr. 30, 2021
Retirement Benefits [Abstract]
Employee Benefit and Retirement Plans	Employee Benefit and Retirement Plans Retirement Savings Plans Under the American Woodmark Corporation Retirement Savings Plan (the "Plan"), all employees who are at least 18 years old and have been employed by the Company for at least six consecutive months are eligible to receive Company stock through a discretionary profit-sharing contribution and a 401(k) matching contribution based upon the employee's contribution to the Plan. Discretionary profit-sharing contributions ranging from 0-5% of net income, based on predetermined net income levels of the Company, may be made annually in the form of Company stock. The Company recognized expenses for profit-sharing contributions of $2.9 million, $3.7 million, and $3.8 million in fiscal years 2021, 2020, and 2019, respectively. The Company matches 100% of an employee's annual 401(k) contributions to the Plan up to 4% of annual compensation. On January 1, 2019, the Plan merged with the RSI Plan to transfer all assets of the RSI Plan into the Plan. The expense for 401(k) matching contributions for both plans was $11.9 million, $10.1 million, and $9.9 million, in fiscal years 2021, 2020, and 2019, respectively. Pension Benefits Prior to April 30, 2020, the Company had two defined benefit pension plans covering many of the Company's employees hired prior to April 30, 2012. Effective April 30, 2012, the Company froze all future benefit accruals under the Company's defined benefit pension plans. Effective April 30, 2020, these plans were merged into one plan and the plan name was changed to the American Woodmark Corporation Employee Pension Plan (the "Pension Plan"). The Pension Plan provides defined benefits based on years of service and final average earnings (for salaried employees) or benefit rate (for hourly employees). On November 16, 2020 the Company filed an application with the Internal Revenue Service to terminate the Pension Plan with an effective date of December 31, 2020 (the "Plan Termination Date"), in a standard termination and the Company expects to incur approximately $1.6 million to terminate the Pension Plan, $0.4 million of which was incurred in fiscal 2021. In connection with the Pension Plan termination and in addition to the Pension Plan termination costs, the Company may be required to make an additional funding contribution to the Pension Plan in order to ensure the Pension Plan is fully funded on a termination basis as of the Benefit Distribution Date, with the amount of such contribution still to be determined. The Benefit Distribution Date will be determined once the Company receives approval from certain regulatory agencies. The additional funding contribution is expected to be funded from cash on hand and the amount will vary depending on the lump sum distribution take rate and the interest rate on the Benefit Distribution Date. Included in accumulated other comprehensive loss at April 30, 2021 is $73.1 million ($54.6 million net of tax) related to net unrecognized actuarial losses that have not yet been recognized in net periodic pension benefit costs. The Company expects to recognize $1.2 million ($0.9 million net of tax) in net actuarial losses in net periodic pension benefit costs during fiscal 2022. The Company uses an April 30 measurement date for its Pension Plan. The following provides a reconciliation of benefit obligations, plan assets and funded status of the Company's non-contributory Pension Plan as of April 30: APRIL 30 (in thousands) 2021 2020 CHANGE IN PROJECTED BENEFIT OBLIGATION Projected benefit obligation at beginning of year $ 191,184 $ 168,788 Interest cost 4,662 5,974 Actuarial gains 6,759 22,293 Benefits paid (6,068) (5,871) Projected benefit obligation at end of year $ 196,537 $ 191,184 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 190,743 $ 169,471 Actual return on plan assets 8,877 26,674 Company contributions — 469 Benefits paid (6,068) (5,871) Fair value of plan assets at end of year $ 193,552 $ 190,743 Funded status of the plan $ (2,985) $ (441) The accumulated benefit obligation for the Pension Plan was $196.5 million and $191.2 million at April 30, 2021 and 2020, respectively. APRIL 30 (in thousands) 2021 2020 2019 COMPONENTS OF NET PERIODIC PENSION BENEFIT COST Interest cost $ 4,662 $ 5,974 $ 6,269 Expected return on plan assets (8,430) (8,327) (8,509) Recognized net actuarial loss 1,761 1,692 1,648 Pension benefit cost $ (2,007) $ (661) $ (592) The components of net periodic pension benefit cost do not include service costs or prior service costs due to the Pension Plan being frozen. Actuarial Assumptions : The discount rate at April 30 was used to measure the year-end benefit obligations and the earnings effects for the subsequent year. Actuarial assumptions used to determine benefit obligations and earnings effects for the Pension Plan follows: FISCAL YEARS ENDED APRIL 30 2021 2020 WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE BENEFIT OBLIGATIONS Discount rate 2.80 % 3.16 % FISCAL YEARS ENDED APRIL 30 2021 2020 2019 WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE NET PERIODIC PENSION BENEFIT COST Discount rate 3.16 % 4.02 % 4.18% Expected return on plan assets 3.25 % 5.0 % 5.5 % The Company bases the discount rate on a current yield curve developed from a portfolio of high-quality fixed-income investments with maturities consistent with the projected benefit payout period. The long-term rate of return on assets is determined based on consideration of historical and forward-looking returns and the current and expected asset allocation strategy. The method used to determine the service and interest costs is known as the spot rate approach, under which individual spot rates along the yield curve that correspond with the timing of each benefit payment are used. In developing the expected long-term rate of return assumption for the assets of the Pension Plan, the Company evaluated input from its third party pension plan asset managers, including their review of asset class return expectations and long-term inflation assumptions. The Company amortizes experience gains and losses, as well as the effects of changes in actuarial assumptions and plan provisions, over the average remaining lifetime of employees expected to receive benefits under the Pension Plan. Contributions: The Company funds the Pension Plan in amounts sufficient to meet minimum funding requirements under applicable employee benefit and tax laws plus additional amounts the Company deems appropriate. The Company expects to contribute $2.5 million to its Pension Plan in fiscal 2022. The Company made no contributions to its Pension Plan in fiscal 2021 and made contributions of $0.5 million in fiscal 2020. Estimated Future Benefit Payments : The following benefit payments are expected to be paid: FISCAL YEAR BENEFIT PAYMENTS (in thousands) 2022 $ 199,685 Plan Assets: Pension assets by major category and the type of fair value measurement as of April 30, 2021 and 2020 are presented in the following tables: FAIR VALUE MEASUREMENTS AT APRIL 30, 2021 (in thousands) TOTAL QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) Cash Equivalents $ 80,524 $ 80,524 $ — $ — Fixed Income Funds: Investment Grade Fixed Income 113,028 113,028 — — Total plan assets 193,552 193,552 $ — $ — FAIR VALUE MEASUREMENTS AT APRIL 30, 2020 (in thousands) TOTAL QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) Cash Equivalents $ 490 $ 490 $ — $ — Equity Funds: US Equity 37,569 37,569 — — International Equity 24,578 24,578 — Fixed Income Funds: Investment Grade Fixed Income 128,106 128,106 — — Total plan assets $ 190,743 $ 190,743 $ — $ — Investment Strategy: The Company has established formal investment policies for the assets associated with its Pension Plan. The objectives of the investment strategies include preservation of capital and long-term growth of capital while avoiding excessive risk. Target allocation percentages are established at an asset class level by the Company's Pension Committee. Target allocation ranges are guidelines, not limitations, and the Pension Committee may approve allocations above or below a target range. During a period of uncertainty in the equity and fixed income markets, the Pension Committee may suspend the Target Asset Allocation and manage the investment mix as it sees reasonable, prudent and in the best interest of the plans to better protect the value of the plan assets. The Company's Pension Plan's weighted-average asset allocations at April 30, 2021 and 2020, by asset category, were as follows: PLAN ASSET ALLOCATION 2021 2021 2020 APRIL 30 TARGET ACTUAL ACTUAL Cash Equivalents — % 42.0 % — % Equity Funds — % — % 33.0 % Fixed Income Funds 100.0 % 58.0 % 67.0 % Total 100.0 % 100.0 % 100.0 %

Income Taxes

Income Taxes	12 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In response to the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act") was signed into law in March 2020. The CARES Act lifts certain deduction limitations originally imposed by the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act"). Among other provisions, the CARES Act makes qualified improvement property generally eligible for 15-year cost-recovery and 100% bonus depreciation. In addition, the Consolidated Appropriations Act (the "2021 Tax Act") enacted a temporary exception to the limitation for meals and entertainment paid or incurred after December 31, 2020. This and the CARES Act provisions applicable to the Company have been applied to the current year ending April 30, 2021. Additionally, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the "2020 Tax Act") was signed into law December 27, 2020 and provides a temporary exception to the 50% business deduction for certain business meals. The tax effects of the 2020 Tax Act to business meals are not significant and have been recognized in the current period. Income tax expense was comprised of the following: FISCAL YEARS ENDED APRIL 30 (in thousands) 2021 2020 2019 CURRENT Federal $ 25,683 $ 29,072 $ 25,649 State 5,639 7,581 8,231 Foreign 1,018 533 1,125 Total current expense 32,340 37,186 35,005 DEFERRED Federal (11,426) (7,167) (4,498) State (2,039) (4,190) (3,266) Foreign (203) (142) (41) Total deferred benefit (13,668) (11,499) (7,805) Total expense 18,672 25,687 27,200 Other comprehensive income (loss) (1,156) (573) 190 Total comprehensive income tax expense $ 17,516 $ 25,114 $ 27,390 The Company's effective income tax rate varied from the federal statutory rate as follows: FISCAL YEARS ENDED APRIL 30 2021 2020 2019 Federal statutory rate 21.0 % 21.0 % 21.0 % Effect of: Federal income tax credits (1.2) % (0.9) % (1.4) % Stock compensation 0.2 (0.1) (0.5) Effect of 2017 Tax Act — — (1.1) Meals and entertainment 0.1 0.3 0.3 Valuation allowance for deferred taxes — 0.7 0.6 Foreign 0.6 0.4 0.8 Other 0.2 0.7 1.2 Total (0.1) % 1.1 % (0.1) % Effective federal income tax rate 20.9 % 22.1 % 20.9 % State income taxes, net of federal tax effect 3.2 3.4 3.6 Effective income tax rate 24.1 % 25.5 % 24.5 % The significant components of deferred tax assets and liabilities were as follows: APRIL 30 (in thousands) 2021 2020 Deferred tax assets: Accounts receivable $ 1,781 $ 1,730 Pension benefits 815 — Inventory 692 — Product liability 1,321 862 Employee benefits 5,746 5,189 Tax credit carryforwards 5,433 4,995 Operating leases 32,975 33,258 Other 2,086 4,330 Gross deferred tax assets, before valuation allowance 50,849 50,364 Valuation allowance (4,914) (4,415) Gross deferred tax assets, after valuation allowance 45,935 45,949 Deferred tax liabilities: Inventory — 125 Depreciation 22,116 24,147 Intangibles 29,123 40,677 Operating leases 31,320 32,325 Other 606 695 Gross deferred tax liabilities 83,165 97,969 Net deferred tax liability $ 37,230 $ 52,020 We have not recorded deferred income taxes applicable to undistributed earnings of foreign subsidiaries that are indefinitely reinvested in foreign operations. Undistributed earnings that are indefinitely reinvested in foreign operations are not significant as of April 30, 2021. The Company recorded a valuation allowance related to deferred tax assets for certain state investment tax credit ("ITC") carryforwards and foreign tax credit ("FTC") carryforwards. Deferred tax assets are reduced by a valuation allowance when, after considering all positive and negative evidence, it is determined that it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. The Company determined that there will not be sufficient foreign source income to fully utilize the current year and carry forward FTCs. Therefore, the Company updated the valuation allowance for the current year activity of $0.5 million related to FTCs. The gross amount of state tax credit carryforwards related to state ITCs as of April 30, 2021 and 2020 was $3.8 million and $3.9 million, respectively. These credits expire in various years beginning in fiscal 2028. Net of the federal impact and related valuation allowance, the Company recorded $0.5 million and $0.6 million of deferred tax assets related to these credits as of April 30, 2021 and 2020, respectively. The Company accounts for ITCs under the deferral method, under which the tax benefit from the ITC is deferred and amortized into income tax expense over the book life of the related property. As of April 30, 2021 and 2020, a deferred credit balance of $0.5 million and $0.8 million, respectively, is included in other liabilities on the consolidated balance sheets. The gross amount of foreign tax credit carryforwards as of April 30, 2021 and 2020 is $1.7 million and $1.2 million, respectively, which begin to expire in fiscal 2029. The following table summarizes the activity related to unrecognized tax benefits, excluding the federal tax benefit of state tax deductions: APRIL 30 (in thousands) 2021 2020 Change in Unrecognized Tax Benefits Balance at beginning of year $ 2,305 $ 2,240 Additions based on tax positions related to the current year 115 65 Reductions for tax positions of prior years settlements (929) — Balance at end of year $ 1,491 $ 2,305

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters The Company is involved in suits and claims in the normal course of business, including without limitation product liability and general liability claims, and claims pending before the Equal Employment Opportunity Commission. On at least a quarterly basis, the Company consults with its legal counsel to ascertain the reasonable likelihood that such claims may result in a loss. As required by ASC Topic 450, "Contingencies" ("ASC 450"), the Company categorizes the various suits and claims into three categories according to their likelihood for resulting in potential loss: those that are probable, those that are reasonably possible and those that are deemed to be remote. Where losses are deemed to be probable and estimable, accruals are made. Where losses are deemed to be reasonably possible, a range of loss estimates is determined and considered for disclosure. In determining these loss range estimates, the Company considers known values of similar claims and consultation with independent counsel. The Company believes that the aggregate range of loss stemming from the various suits and asserted and unasserted claims which were deemed to be either probable or reasonably possible is not material as of April 30, 2021. Product Warranty The Company estimates outstanding warranty costs based on the historical relationship between warranty claims and revenues. The warranty accrual is reviewed monthly to verify that it properly reflects the remaining obligation based on the anticipated expenditures over the balance of the obligation period. Adjustments are made when actual warranty claim experience differs from estimates. Warranty claims are generally made within two months of the original shipment date. The following is a reconciliation of the Company's warranty liability: APRIL 30 (in thousands) 2021 2020 PRODUCT WARRANTY RESERVE Beginning balance $ 3,753 $ 4,616 Accrual for warranties 21,247 21,886 Settlements (19,751) (22,749) Ending balance at fiscal year end $ 5,249 $ 3,753

Revenue Recognition

Revenue Recognition	12 Months Ended
	Apr. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company disaggregates revenue from contracts with customers into major sales distribution channels as these categories depict the nature, amount, timing, and uncertainty of revenues and cash flows that are affected by economic factors. The following table disaggregates our consolidated revenue by major sales distribution channels for the years ended April 30, 2021, 2020, and 2019: FISCAL YEARS ENDED APRIL 30 (in thousands) 2021 2020 2019 Home center retailers $ 848,898 $ 768,043 $ 788,803 Builders 673,307 668,765 631,474 Independent dealers and distributors 221,809 213,525 225,042 Net Sales $ 1,744,014 $ 1,650,333 $ 1,645,319

Credit Concentration

Credit Concentration	12 Months Ended
	Apr. 30, 2021
Risks and Uncertainties [Abstract]
Credit Concentration	Credit Concentration Financial instruments that potentially subject the Company to concentrations of risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with major financial institutions and such balances may, at times, exceed Federal Deposit Insurance Corporation insurance limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk on cash. Credit is extended to customers based on an evaluation of each customer's financial condition and generally collateral is not required. The Company's customers operate in the new home construction and home remodeling markets. The Company maintains an allowance for bad debt based upon management's evaluation and judgment of potential net loss. The allowance is estimated based upon historical experience, the effects of current developments and economic conditions and of each customer's current and anticipated financial condition. Estimates and assumptions are periodically reviewed and updated. Any resulting adjustments to the allowance are reflected in current operating results. At April 30, 2021, the Company's two largest customers, Customers A and B, represented 34.3% and 22.1% of the Company's gross customer receivables, respectively. At April 30, 2020, Customers A and B represented 26.4% and 22.9% of the Company's gross customer receivables, respectively. The following table summarizes the percentage of net sales to the Company's two largest customers for the last three fiscal years: PERCENT OF ANNUAL NET SALES 2021 2020 2019 Customer A 30.8% 29.3% 29.3% Customer B 17.9% 17.2% 18.6%

Leases

Leases	12 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Leases	Leases Operating Leases - ROU assets related to operating leases are presented as Operating lease right-of-use assets on the consolidated balance sheet. Lease liabilities related to operating leases with lease terms greater than twelve months are presented in Short-term lease liability - operating and Long-term lease liability - operating on the consolidated balance sheet. Operating lease ROU assets and lease liabilities are recognized at the commencement date based on the present value of the future lease payments over the lease term. The discount rate used to determine the present value of the lease payments is the rate implicit in the lease unless that rate cannot be readily determined, in which case, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Operating lease ROU assets may also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The ROU assets and lease liabilities may also include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The ROU asset includes any lease payments made and lease incentives received prior to the commencement date. The Company has lease arrangements with lease and non-lease components which are accounted for separately. Non-lease components of the lease payments are expensed as incurred and are not included in determining the present value. Finance Leases - ROU assets related to finance leases are presented in Property, plant and equipment, net on the consolidated balance sheet. Lease liabilities related to finance leases are presented in Current maturities of long-term debt and Long-term debt, less current maturities on the consolidated balance sheet. Finance lease ROU assets and lease liabilities are recognized at the commencement date based on the present value of the future lease payments over the lease term. The discount rate used to determine the present value of the lease payments is the rate implicit in the lease unless that rate cannot be readily determined, in which case, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. The components of lease costs were as follows: FISCAL YEAR ENDED APRIL 30, (in thousands) 2021 2020 Finance lease cost: Reduction in the carrying value of right-of-use assets $ 635 $ 2,582 Interest on lease liabilities 73 205 Operating lease cost 27,192 25,405 Additional information related to leases was as follows: FISCAL YEAR ENDED APRIL 30, (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases $ 73 $ 205 Operating cash flows for operating leases 24,371 22,595 Financing cash flows for financing leases 608 2,512 Right-of-use assets obtained in exchange for new finance lease liabilities 2,222 1,650 Right-of-use assets obtained in exchange for new operating lease liabilities 8,914 72,703 Weighted average remaining lease term (years) Weighted average remaining lease term - finance leases 2.95 3.36 Weighted average remaining lease term - operating leases 6.62 7.41 Weighted average discount rate Weighted average discount rate - finance leases 2.95 % 3.19 % Weighted average discount rate - operating leases 3.23 % 4.27 % The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2021: FISCAL YEAR OPERATING (in thousands) FINANCING (in thousands) 2022 $ 23,761 $ 2,199 2023 22,875 1,732 2024 20,881 1,352 2025 18,058 339 2026 17,852 109 Thereafter 40,881 — Total lease payments 144,308 5,731 Less imputed interest (14,686) (237) Total lease liability $ 129,622 $ 5,494 Current maturities (19,994) (2,072) Lease liability - long-term $ 109,628 $ 3,422 Lease assets $ 123,118 $ 10,037
Leases	Leases Operating Leases - ROU assets related to operating leases are presented as Operating lease right-of-use assets on the consolidated balance sheet. Lease liabilities related to operating leases with lease terms greater than twelve months are presented in Short-term lease liability - operating and Long-term lease liability - operating on the consolidated balance sheet. Operating lease ROU assets and lease liabilities are recognized at the commencement date based on the present value of the future lease payments over the lease term. The discount rate used to determine the present value of the lease payments is the rate implicit in the lease unless that rate cannot be readily determined, in which case, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Operating lease ROU assets may also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The ROU assets and lease liabilities may also include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The ROU asset includes any lease payments made and lease incentives received prior to the commencement date. The Company has lease arrangements with lease and non-lease components which are accounted for separately. Non-lease components of the lease payments are expensed as incurred and are not included in determining the present value. Finance Leases - ROU assets related to finance leases are presented in Property, plant and equipment, net on the consolidated balance sheet. Lease liabilities related to finance leases are presented in Current maturities of long-term debt and Long-term debt, less current maturities on the consolidated balance sheet. Finance lease ROU assets and lease liabilities are recognized at the commencement date based on the present value of the future lease payments over the lease term. The discount rate used to determine the present value of the lease payments is the rate implicit in the lease unless that rate cannot be readily determined, in which case, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. The components of lease costs were as follows: FISCAL YEAR ENDED APRIL 30, (in thousands) 2021 2020 Finance lease cost: Reduction in the carrying value of right-of-use assets $ 635 $ 2,582 Interest on lease liabilities 73 205 Operating lease cost 27,192 25,405 Additional information related to leases was as follows: FISCAL YEAR ENDED APRIL 30, (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases $ 73 $ 205 Operating cash flows for operating leases 24,371 22,595 Financing cash flows for financing leases 608 2,512 Right-of-use assets obtained in exchange for new finance lease liabilities 2,222 1,650 Right-of-use assets obtained in exchange for new operating lease liabilities 8,914 72,703 Weighted average remaining lease term (years) Weighted average remaining lease term - finance leases 2.95 3.36 Weighted average remaining lease term - operating leases 6.62 7.41 Weighted average discount rate Weighted average discount rate - finance leases 2.95 % 3.19 % Weighted average discount rate - operating leases 3.23 % 4.27 % The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2021: FISCAL YEAR OPERATING (in thousands) FINANCING (in thousands) 2022 $ 23,761 $ 2,199 2023 22,875 1,732 2024 20,881 1,352 2025 18,058 339 2026 17,852 109 Thereafter 40,881 — Total lease payments 144,308 5,731 Less imputed interest (14,686) (237) Total lease liability $ 129,622 $ 5,494 Current maturities (19,994) (2,072) Lease liability - long-term $ 109,628 $ 3,422 Lease assets $ 123,118 $ 10,037

Restructuring Charges

Restructuring Charges	12 Months Ended
	Apr. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During June 2020, the Company's Board approved the closure and eventual disposal of its manufacturing plant located in Humboldt, Tennessee. Operations ceased at the Humboldt plant in July 2020. During the third quarter of fiscal 2021, the Company sold the Humboldt plant and recognized a gain of $2.3 million on the sale. During fiscal 2021, the Company recognized pre-tax restructuring charges, net of $4.4 million related to the closure of the plant. Included in the $4.4 million of restructuring charges for fiscal 2021 were $0.9 million of severance and separation costs and $3.5 million for equipment, inventory and facilities-related expenses. In the fourth quarter of fiscal 2020 and the first quarter of fiscal 2021, the Company implemented nationwide reductions in force, which were substantially completed in the fourth quarter of fiscal 2020 and first quarter of fiscal 2021. During fiscal 2021 and 2020, the Company recognized pre-tax restructuring charges, net of $1.4 million and $0.2 million, respectively, related to these reductions in force, which were primarily severance and separation costs. In the first quarter of fiscal 2019, the Company implemented a nationwide reduction in force. Severance and outplacement charges relating to the reduction in force totaled approximately $1.8 million and the reduction in force was substantially completed during fiscal 2019. During fiscal years 2021, 2020, and 2019, the Company recognized total pre-tax restructuring charges of $5.8 million, $18,000, and $2.0 million, respectively. A reserve for restructuring charges is included in accrued compensation and related expenses in the consolidated balance sheets as of April 30, 2021 and 2020 which relates to employee termination costs accrued but not yet paid as follows: APRIL 30 (in thousands) 2021 2020 Restructuring reserve balance at May 1 $ 189 $ 387 Expense 1,739 (18) Payments and adjustments (1,789) (180) Restructuring reserve balance at April 30 $ 139 $ 189

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company utilizes the hierarchy of fair value measurements to classify certain of its assets and liabilities based upon the following definitions: Level 1 – Investments with quoted prices in active markets for identical assets or liabilities. The Company's cash equivalents are invested in money market funds, mutual funds and certificates of deposit. The Company's mutual fund investment assets represent contributions made and invested on behalf of the Company's named executive officers in a supplementary employee retirement plan. Level 2 – Investments with observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Investments with unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company has no Level 3 assets or liabilities measured on a recurring basis. The fair value measurement of assets held by the Company's defined benefit pension plans is discussed in Note I. The Company's financial instruments include cash and equivalents, marketable securities and other investments; accounts receivable and accounts payable; and short- and long-term debt. The carrying values of cash and equivalents, accounts receivable and payable and short-term debt on the consolidated balance sheets approximate their fair value due to the short maturities of these items. The forward contracts were marked to market and therefore represent fair value. The fair values of these contracts are determined based on inputs that are readily available in public markets or can be derived from information available in publicly quoted markets. The following table summarizes the fair value of assets and liabilities that are recorded in the Company's consolidated financial statements as of April 30, 2021 and 2020 at fair value on a recurring basis: FAIR VALUE MEASUREMENTS AS OF APRIL 30, 2021 (in thousands) LEVEL 1 LEVEL 2 LEVEL 3 ASSETS: Mutual funds $ 642 $ — $ — FAIR VALUE MEASUREMENTS AS OF APRIL 30, 2020 (in thousands) LEVEL 1 LEVEL 2 LEVEL 3 ASSETS: Mutual funds $ 773 $ — $ — LIABILITIES: Foreign exchange forward contracts $ — $ (1,102) $ —

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Apr. 30, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II - Valuation and Qualifying Accounts AMERICAN WOODMARK CORPORATION (In Thousands) Description (a) Balance at Beginning of Year Additions (Reductions) Charged to Other Deductions Balance at End of Year Year ended April 30, 2021: Allowance for doubtful accounts $ 472 $ 182 $ — $ (323) (b) $ 331 Reserve for cash discounts $ 1,171 $ 19,109 (c) $ — $ (18,444) (d) $ 1,836 Reserve for sales returns and allowances $ 4,541 $ 22,298 (c) $ — $ (19,685) $ 7,154 Year ended April 30, 2020: Allowance for doubtful accounts $ 249 $ 323 $ — $ (100) (b) $ 472 Reserve for cash discounts $ 1,451 $ 16,810 (c) $ — $ (17,090) (d) $ 1,171 Reserve for sales returns and allowances $ 4,545 $ 17,049 (c) $ — $ (17,053) $ 4,541 Year ended April 30, 2019: Allowance for doubtful accounts $ 259 $ 72 $ — $ (82) (b) $ 249 Reserve for cash discounts $ 1,627 $ 16,994 (c) $ — $ (17,170) (d) $ 1,451 Reserve for sales returns and allowances $ 4,381 $ 11,867 (c) $ — $ (11,703) $ 4,545 (a) All reserves relate to accounts receivable. (b) Principally write-offs, net of collections. (c) Reduction of gross sales. (d) Cash discounts granted. Item 16. Form 10-K Summary None.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation: The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.
Revenue Recognition	Revenue Recognition : Our principal performance obligations are the sale of kitchen, bath, and home organization products. The Company recognizes revenue as control of our products is transferred to our customers, which is at the time of shipment or upon delivery based on the contractual terms with our customers. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods to our customers. Payment terms on our product sales normally range from 30 to 90 days. Taxes assessed by a governmental authority that we collect are excluded from revenue. The expected costs associated with our contractual warranties are recognized as expense when the products are sold. See Note K — Commitments and Contingencies for further discussion. When revenue is recognized, we record estimates to reduce revenue for customer programs and incentives in order to determine the amount of consideration the Company will ultimately be entitled to receive. Customer programs and incentives are considered variable consideration, and include price discounts, volume-based incentives, promotions, and cooperative advertising. The Company includes variable consideration in revenue only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the variable consideration is resolved. This determination is made based upon known customer programs and incentive offerings at the time of sale, and expected sales volume forecasts as it relates to our volume-based incentives. This determination is updated each reporting period. In addition, for certain customer program incentives, we receive an identifiable benefit (goods or services) in exchange for the consideration given and record the associated expenditure in selling, general and administrative expenses. We account for shipping and handling costs that occur before the customer has obtained control of a product as a fulfillment activity rather than as a promised service. These costs are classified within costs of sales and distribution.
Cost of Sales and Distribution	Cost of Sales and Distribution : Cost of sales and distribution includes all costs associated with the manufacture and distribution of the Company's products including the costs of shipping and handling.
Advertising Costs	Advertising Costs:  Advertising costs are expensed as incurred.
Cash and Cash Equivalents and Investments in Certificates of Deposit	Cash and Cash Equivalents:  Cash in excess of operating requirements is invested in money market accounts which are carried at cost (which approximates fair value). The Company considers all highly liquid short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
Inventories	Inventories:   Inventories are stated at lower of cost or market. Inventory costs are determined by the last-in, first-out ("LIFO") method and for certain subsidiaries by the first-in, first-out ("FIFO") method.
Property, Plant and Equipment	Property, Plant and Equipment: Property, plant and equipment is stated on the basis of cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets, which range from 15 to 30 years for buildings and improvements and 3 to 12 years for machinery and equipment. Assets under financing leases are amortized over the shorter of their estimated useful lives or the term of the related lease.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets: The Company reviews its long-lived assets for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During fiscal years 2021, 2020, and 2019, the Company concluded no impairment existed.
Goodwill and Other Intangible Assets	Goodwill : Goodwill represents the excess of purchase price over the fair value of net assets acquired. The Company does not amortize goodwill but evaluates for impairment annually, or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In accordance with the accounting standards, an entity has the option first to assess qualitative factors to determine whether events and circumstances indicate that it is more likely than not that goodwill is impaired. If after such assessment an entity concludes that the asset is not more likely than not impaired, the entity is not required to take further action. However, if an entity concludes otherwise, it is required to determine the fair value of the asset using a quantitative impairment test, and if impaired, the associated assets must be written down to fair value. During fiscal years 2021, 2020, and 2019, the Company concluded no impairment existed. Other Intangible Assets: Intangible assets consist of customer relationship intangibles and trademarks. The Company amortizes the cost of other intangible assets over their estimated useful lives, which range from three to six years, unless such lives are deemed indefinite. The Company reviews its intangible assets for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During fiscal years 2021, 2020, and 2019, the Company concluded no impairment existed.
Promotional Displays	Promotional Displays:  The Company invests in promotional displays in retail stores to demonstrate product features, product and quality specifications, and to serve as a training tool for retail kitchen designers. The Company invests in these long-lived productive assets to provide the aforementioned benefits. The Company's investment in promotional displays is carried at cost less applicable amortization. Amortization is calculated using the straight-line method on an individual display basis over periods of 24 to 60 months (the estimated period of benefit).
Income Taxes	Income Taxes: The Company accounts for deferred income taxes utilizing the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the tax effects of temporary differences between the financial statement amounts and the tax basis of assets and liabilities, using enacted tax rates in effect for the year in which these items are expected to reverse. At each reporting date, the Company evaluates the need for a valuation allowance to adjust deferred tax assets and liabilities to an amount that more likely than not will be realized.
Pensions	Pensions:  Prior to April 30, 2020, the Company had two non-contributory defined benefit pension plans covering many of the Company's employees hired prior to April 30, 2012. Effective April 30, 2012, the Company froze all future benefit accruals under the Company's hourly and salaried defined benefit pension plans. Effective April 30, 2020, these plans were merged into one plan. The Company recognizes the overfunded or underfunded status of its defined benefit pension plans, measured as the difference between the fair value of plan assets and the benefit obligation, in its consolidated balance sheets. The Company also recognizes the actuarial gains and losses and the prior service costs, credits and transition costs as a component of other comprehensive loss, net of tax. On November 16, 2020 the Company filed an application with the Internal Revenue Service to terminate the pension plan with an effective date of December 31, 2020.
Stock-Based Compensation	Stock-Based Compensation: The Company recognizes stock-based compensation expense based on the grant date fair value over the requisite service period. The Company records the expense for stock-based compensation awards subject to performance-based criteria vesting over the remaining service period when the Company determines that achievement of the performance criteria is probable. The Company evaluates when the achievement of performance-based criteria is probable based on the expected satisfaction of the performance criteria at each reporting date.
Recent Accounting Pronouncements	Recent Accounting Pronouncements : In February 2016, the Financial Accounting Standards Board (the "FASB") issued a new standard for leases, ASC 842, which requires lessees to recognize almost all leases on their balance sheet as a right-of-use ("ROU") asset and lease liability. The standard is effective for annual periods beginning after December 15, 2018. The standard provides for the option to elect a package of practical expedients upon adoption. The Company adopted the standard on May 1, 2019 using the modified retrospective transition approach and elected the package of practical expedients that allows it to forgo reassessment of lease classification for leases that have already commenced. The Company also elected the practical expedients to the new standard without restating comparative prior period financial information and to not recognize ROU assets and liabilities for operating leases with shorter than 12-month terms. On May 1, 2019, the Company recognized operating lease assets and operating lease liabilities of $80.4 million. The new standard did not have a material impact on the Company's results of operations, cash flows or opening retained earnings, or on its debt covenant calculations. ASC 842 also requires entities to disclose certain qualitative and quantitative information regarding the amount, timing, and uncertainty of cash flows arising from leases. Such disclosures are included in Note N — Leases . In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes," which simplifies the accounting for income taxes by removing certain exceptions for recognizing deferred taxes for investments, performing intraperiod tax allocations and calculating income taxes in interim periods . The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 is effective for the Company beginning May 1, 2021. The Company has reviewed the provisions of this new pronouncement and the adoption of this guidance is not expected to have an impact on financial position or results of operations. In March 2020, the FASB issued ASU No. 2020-04 "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022 and can be adopted as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020. The Company has identified loans and other financial instruments that are directly or indirectly influenced by LIBOR and does not expect the adoption of ASU 2020-04 to have a material impact on its consolidated financial statements .

Customer Receivables (Tables)

Customer Receivables (Tables)	12 Months Ended
	Apr. 30, 2021
Receivables [Abstract]
Components Of Customer Receivables	The components of customer receivables were: APRIL 30 (in thousands) 2021 2020 Gross customer receivables $ 156,187 $ 112,528 Less: Allowance for doubtful accounts (331) (472) Allowance for returns and discounts (8,990) (5,712) Net customer receivables $ 146,866 $ 106,344

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Apr. 30, 2021
Inventory Disclosure [Abstract]
Components Of Inventories	The components of inventories were: APRIL 30 (in thousands) 2021 2020 Raw materials $ 63,384 $ 51,460 Work-in-process 51,176 42,381 Finished goods 43,526 32,572 Total FIFO inventories 158,086 126,413 Reserve to adjust inventories to LIFO value (17,804) (14,577) Total inventories $ 140,282 $ 111,836

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Apr. 30, 2021
Property, Plant and Equipment [Abstract]
Components Of Property, Plant And Equipment	The components of property, plant and equipment were: APRIL 30 (in thousands) 2021 2020 Land $ 4,431 $ 4,431 Buildings and improvements 116,103 120,819 Buildings and improvements - financing leases 11,636 11,636 Machinery and equipment 315,371 312,806 Machinery and equipment - financing leases 31,386 30,911 Construction in progress 22,669 8,164 501,596 488,767 Less accumulated amortization and depreciation (297,594) (284,943) Total $ 204,002 $ 203,824

Intangible Assets and Tradema_2

Intangible Assets and Trademarks (Tables)	12 Months Ended
	Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Intangible Assets	The components of customer relationships intangibles were: APRIL 30 (in thousands) 2021 2020 Customer relationship intangibles $ 274,000 $ 274,000 Less accumulated amortization (152,222) (106,556) Total $ 121,778 $ 167,444 The components of trademarks were: APRIL 30 (in thousands) 2021 2020 Trademarks $ 10,000 $ 10,000 Less accumulated amortization (10,000) (7,778) Total $ — $ 2,222

Loans Payable and Long-Term D_2

Loans Payable and Long-Term Debt (Tables)	12 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Schedule Of Debt Maturities	Maturities of long-term debt are as follows: FISCAL YEARS ENDING APRIL 30 (in thousands) 2022 2023 2024 2025 2026 2027 AND THERE- TOTAL OUTSTANDING AS OF APRIL 30, 2021 TOTAL OUTSTANDING AS OF APRIL 30, 2020 Term loans $ 6,250 $ 6,250 $ 12,500 $ 18,750 $ 206,250 $ — $ 250,000 $ 244,000 Revolving credit — — — — 264,000 — 264,000 — The Senior Notes — — — — — — — 350,000 Finance lease obligations 2,072 1,660 1,322 332 108 — 5,494 5,687 Other long-term debt — 46 253 256 259 5,845 6,659 6,659 Total $ 8,322 $ 7,956 $ 14,075 $ 19,338 $ 470,617 $ 5,845 $ 526,153 $ 606,346 Debt issuance costs $ (4,381) $ (9,209) Current maturities $ (8,322) $ (2,216) Total long-term debt $ 513,450 $ 594,921

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Schedule Of Earnings (Loss) Per Share, Basic And Diluted	The following table summarizes the computations of basic and diluted earnings per share: FISCAL YEARS ENDED APRIL 30 (in thousands, except per share amounts) 2021 2020 2019 Numerator used in basic and diluted earnings per common share: Net income $ 58,763 $ 74,861 $ 83,688 Denominator: Denominator for basic earnings per common share - weighted-average shares 16,970 16,908 17,289 Effect of dilutive securities: Stock options and restricted stock units 67 44 41 Denominator for diluted earnings per common share - weighted-average shares and assumed conversions 17,037 16,952 17,330 Net earnings per share Basic $ 3.46 $ 4.43 $ 4.84 Diluted $ 3.45 $ 4.42 $ 4.83

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Apr. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule Of Stock Option Activity	The following table presents a summary of the Company's stock option activity for the fiscal years ended April 30, 2021, 2020, and 2019 (remaining contractual term in years and exercise prices are weighted-averages): NUMBER OF OPTIONS WEIGHTED AVERAGE REMAINING CONTRACTUAL TERM WEIGHTED AVERAGE EXERCISE PRICE AGGREGATE INTRINSIC VALUE Outstanding at April 30, 2018 17,968 4.5 $44.23 $ 682 Exercised (12,801) 0 39.04 651 Outstanding at April 30, 2019 5,167 6.1 $57.11 $ 170 Exercised (5,167) 0 57.11 — Outstanding at April 30, 2020 — 0 $— $ — Exercised — 0 — — Outstanding at April 30, 2021 — 0 $— $ — Vested and expected to vest in the future at April 30, 2021 — 0 $— $ — Exercisable at April 30, 2021 — 0 $— $ —
Summary Of RSU's Activity	The following table contains a summary of the Company's RSU activity for the fiscal years ended April 30, 2021, 2020, and 2019: PERFORMANCE-BASED RSUs SERVICE-BASED RSUs TOTAL RSUs WEIGHTED AVERAGE GRANT Issued and outstanding, April 30, 2018 97,651 55,059 152,710 $73.34 Granted 45,615 30,335 75,950 $104.10 Cancelled due to non-achievement of performance goals (10,352) — (10,352) $80.26 Settled in common stock (34,475) (18,778) (53,253) $60.50 Forfeited (9,257) (5,347) (14,604) $79.49 Issued and outstanding, April 30, 2019 89,182 61,269 150,451 $76.91 Granted 61,379 42,691 104,070 $53.95 Cancelled due to non-achievement of performance goals (11,305) — (11,305) $85.13 Settled in common stock (18,628) (21,521) (40,149) $67.03 Forfeited (2,941) (3,229) (6,170) $86.68 Issued and outstanding, April 30, 2020 117,687 79,210 196,897 $66.68 Granted 124,374 76,846 201,220 $66.00 Cancelled due to non-achievement of performance goals (17,461) — (17,461) $89.31 Settled in common stock (19,058) (27,208) (46,266) $88.57 Forfeited (73,858) (37,377) (111,235) $71.63 Issued and outstanding, April 30, 2021 131,684 91,471 223,155 $64.81
Stock-Based Compensation Expense Allocated	For the fiscal years ended April 30, 2021, 2020, and 2019 stock-based compensation expense was allocated as follows: (in thousands) 2021 2020 2019 Cost of sales and distribution $ 1,461 $ 809 $ 691 Selling and marketing expenses 982 1,006 649 General and administrative expenses 2,155 2,174 1,700 Stock-based compensation expense, before income taxes $ 4,598 $ 3,989 $ 3,040

Employee Benefit and Retireme_2

Employee Benefit and Retirement Plans (Tables)	12 Months Ended
	Apr. 30, 2021
Retirement Benefits [Abstract]
Reconciliation Of Benefit Obligations, Plan Assets, And Funded Status	The following provides a reconciliation of benefit obligations, plan assets and funded status of the Company's non-contributory Pension Plan as of April 30: APRIL 30 (in thousands) 2021 2020 CHANGE IN PROJECTED BENEFIT OBLIGATION Projected benefit obligation at beginning of year $ 191,184 $ 168,788 Interest cost 4,662 5,974 Actuarial gains 6,759 22,293 Benefits paid (6,068) (5,871) Projected benefit obligation at end of year $ 196,537 $ 191,184 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 190,743 $ 169,471 Actual return on plan assets 8,877 26,674 Company contributions — 469 Benefits paid (6,068) (5,871) Fair value of plan assets at end of year $ 193,552 $ 190,743 Funded status of the plan $ (2,985) $ (441)
Net Periodic Pension Cost	The accumulated benefit obligation for the Pension Plan was $196.5 million and $191.2 million at April 30, 2021 and 2020, respectively. APRIL 30 (in thousands) 2021 2020 2019 COMPONENTS OF NET PERIODIC PENSION BENEFIT COST Interest cost $ 4,662 $ 5,974 $ 6,269 Expected return on plan assets (8,430) (8,327) (8,509) Recognized net actuarial loss 1,761 1,692 1,648 Pension benefit cost $ (2,007) $ (661) $ (592)
Schedule Of Assumptions Used To Determine Benenfit Obligations And Earnings Effects For Pension Plans	The discount rate at April 30 was used to measure the year-end benefit obligations and the earnings effects for the subsequent year. Actuarial assumptions used to determine benefit obligations and earnings effects for the Pension Plan follows: FISCAL YEARS ENDED APRIL 30 2021 2020 WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE BENEFIT OBLIGATIONS Discount rate 2.80 % 3.16 % FISCAL YEARS ENDED APRIL 30 2021 2020 2019 WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE NET PERIODIC PENSION BENEFIT COST Discount rate 3.16 % 4.02 % 4.18% Expected return on plan assets 3.25 % 5.0 % 5.5 %
Schedule Of Expected Future Benefit Payments	The following benefit payments are expected to be paid: FISCAL YEAR BENEFIT PAYMENTS (in thousands) 2022 $ 199,685
Schedule Of Pension Assets By Major Category Of Plan Assets And Type Of Fair Value Measurements	Pension assets by major category and the type of fair value measurement as of April 30, 2021 and 2020 are presented in the following tables: FAIR VALUE MEASUREMENTS AT APRIL 30, 2021 (in thousands) TOTAL QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) Cash Equivalents $ 80,524 $ 80,524 $ — $ — Fixed Income Funds: Investment Grade Fixed Income 113,028 113,028 — — Total plan assets 193,552 193,552 $ — $ — FAIR VALUE MEASUREMENTS AT APRIL 30, 2020 (in thousands) TOTAL QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) Cash Equivalents $ 490 $ 490 $ — $ — Equity Funds: US Equity 37,569 37,569 — — International Equity 24,578 24,578 — Fixed Income Funds: Investment Grade Fixed Income 128,106 128,106 — — Total plan assets $ 190,743 $ 190,743 $ — $ —
Schedule Of Allocation Of Plan Assets	The Company's Pension Plan's weighted-average asset allocations at April 30, 2021 and 2020, by asset category, were as follows: PLAN ASSET ALLOCATION 2021 2021 2020 APRIL 30 TARGET ACTUAL ACTUAL Cash Equivalents — % 42.0 % — % Equity Funds — % — % 33.0 % Fixed Income Funds 100.0 % 58.0 % 67.0 % Total 100.0 % 100.0 % 100.0 %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Schedule Of Income Tax Expense	Income tax expense was comprised of the following: FISCAL YEARS ENDED APRIL 30 (in thousands) 2021 2020 2019 CURRENT Federal $ 25,683 $ 29,072 $ 25,649 State 5,639 7,581 8,231 Foreign 1,018 533 1,125 Total current expense 32,340 37,186 35,005 DEFERRED Federal (11,426) (7,167) (4,498) State (2,039) (4,190) (3,266) Foreign (203) (142) (41) Total deferred benefit (13,668) (11,499) (7,805) Total expense 18,672 25,687 27,200 Other comprehensive income (loss) (1,156) (573) 190 Total comprehensive income tax expense $ 17,516 $ 25,114 $ 27,390
Schedule Of Effective Income Tax Rate Reconciliation	The Company's effective income tax rate varied from the federal statutory rate as follows: FISCAL YEARS ENDED APRIL 30 2021 2020 2019 Federal statutory rate 21.0 % 21.0 % 21.0 % Effect of: Federal income tax credits (1.2) % (0.9) % (1.4) % Stock compensation 0.2 (0.1) (0.5) Effect of 2017 Tax Act — — (1.1) Meals and entertainment 0.1 0.3 0.3 Valuation allowance for deferred taxes — 0.7 0.6 Foreign 0.6 0.4 0.8 Other 0.2 0.7 1.2 Total (0.1) % 1.1 % (0.1) % Effective federal income tax rate 20.9 % 22.1 % 20.9 % State income taxes, net of federal tax effect 3.2 3.4 3.6 Effective income tax rate 24.1 % 25.5 % 24.5 %
Schedule Of Significant Components Of Deferred Tax Assets And Liabilities	The significant components of deferred tax assets and liabilities were as follows: APRIL 30 (in thousands) 2021 2020 Deferred tax assets: Accounts receivable $ 1,781 $ 1,730 Pension benefits 815 — Inventory 692 — Product liability 1,321 862 Employee benefits 5,746 5,189 Tax credit carryforwards 5,433 4,995 Operating leases 32,975 33,258 Other 2,086 4,330 Gross deferred tax assets, before valuation allowance 50,849 50,364 Valuation allowance (4,914) (4,415) Gross deferred tax assets, after valuation allowance 45,935 45,949 Deferred tax liabilities: Inventory — 125 Depreciation 22,116 24,147 Intangibles 29,123 40,677 Operating leases 31,320 32,325 Other 606 695 Gross deferred tax liabilities 83,165 97,969 Net deferred tax liability $ 37,230 $ 52,020
Schedule of Unrecognized Tax Benefits Roll Forward	The following table summarizes the activity related to unrecognized tax benefits, excluding the federal tax benefit of state tax deductions: APRIL 30 (in thousands) 2021 2020 Change in Unrecognized Tax Benefits Balance at beginning of year $ 2,305 $ 2,240 Additions based on tax positions related to the current year 115 65 Reductions for tax positions of prior years settlements (929) — Balance at end of year $ 1,491 $ 2,305

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Reconciliation Of Warranty Liability	The following is a reconciliation of the Company's warranty liability: APRIL 30 (in thousands) 2021 2020 PRODUCT WARRANTY RESERVE Beginning balance $ 3,753 $ 4,616 Accrual for warranties 21,247 21,886 Settlements (19,751) (22,749) Ending balance at fiscal year end $ 5,249 $ 3,753

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Apr. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates our consolidated revenue by major sales distribution channels for the years ended April 30, 2021, 2020, and 2019: FISCAL YEARS ENDED APRIL 30 (in thousands) 2021 2020 2019 Home center retailers $ 848,898 $ 768,043 $ 788,803 Builders 673,307 668,765 631,474 Independent dealers and distributors 221,809 213,525 225,042 Net Sales $ 1,744,014 $ 1,650,333 $ 1,645,319

Credit Concentration (Tables)

Credit Concentration (Tables)	12 Months Ended
	Apr. 30, 2021
Risks and Uncertainties [Abstract]
Summary Of Percentage Of Sales	The following table summarizes the percentage of net sales to the Company's two largest customers for the last three fiscal years: PERCENT OF ANNUAL NET SALES 2021 2020 2019 Customer A 30.8% 29.3% 29.3% Customer B 17.9% 17.2% 18.6%

Leases (Tables)

Leases (Tables)	12 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Schedule of Lease Costs	The components of lease costs were as follows: FISCAL YEAR ENDED APRIL 30, (in thousands) 2021 2020 Finance lease cost: Reduction in the carrying value of right-of-use assets $ 635 $ 2,582 Interest on lease liabilities 73 205 Operating lease cost 27,192 25,405 Additional information related to leases was as follows: FISCAL YEAR ENDED APRIL 30, (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases $ 73 $ 205 Operating cash flows for operating leases 24,371 22,595 Financing cash flows for financing leases 608 2,512 Right-of-use assets obtained in exchange for new finance lease liabilities 2,222 1,650 Right-of-use assets obtained in exchange for new operating lease liabilities 8,914 72,703 Weighted average remaining lease term (years) Weighted average remaining lease term - finance leases 2.95 3.36 Weighted average remaining lease term - operating leases 6.62 7.41 Weighted average discount rate Weighted average discount rate - finance leases 2.95 % 3.19 % Weighted average discount rate - operating leases 3.23 % 4.27 %
Finance Lease, Liability, Maturity	The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2021: FISCAL YEAR OPERATING (in thousands) FINANCING (in thousands) 2022 $ 23,761 $ 2,199 2023 22,875 1,732 2024 20,881 1,352 2025 18,058 339 2026 17,852 109 Thereafter 40,881 — Total lease payments 144,308 5,731 Less imputed interest (14,686) (237) Total lease liability $ 129,622 $ 5,494 Current maturities (19,994) (2,072) Lease liability - long-term $ 109,628 $ 3,422 Lease assets $ 123,118 $ 10,037
Lessee, Operating Lease, Liability, Maturity	The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2021: FISCAL YEAR OPERATING (in thousands) FINANCING (in thousands) 2022 $ 23,761 $ 2,199 2023 22,875 1,732 2024 20,881 1,352 2025 18,058 339 2026 17,852 109 Thereafter 40,881 — Total lease payments 144,308 5,731 Less imputed interest (14,686) (237) Total lease liability $ 129,622 $ 5,494 Current maturities (19,994) (2,072) Lease liability - long-term $ 109,628 $ 3,422 Lease assets $ 123,118 $ 10,037

Restructuring Charges Restructu

Restructuring Charges Restructuring Charges (Tables)	12 Months Ended
	Apr. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring Charges Reserve	A reserve for restructuring charges is included in accrued compensation and related expenses in the consolidated balance sheets as of April 30, 2021 and 2020 which relates to employee termination costs accrued but not yet paid as follows: APRIL 30 (in thousands) 2021 2020 Restructuring reserve balance at May 1 $ 189 $ 387 Expense 1,739 (18) Payments and adjustments (1,789) (180) Restructuring reserve balance at April 30 $ 139 $ 189

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Of Assets On Recurring Basis	The following table summarizes the fair value of assets and liabilities that are recorded in the Company's consolidated financial statements as of April 30, 2021 and 2020 at fair value on a recurring basis: FAIR VALUE MEASUREMENTS AS OF APRIL 30, 2021 (in thousands) LEVEL 1 LEVEL 2 LEVEL 3 ASSETS: Mutual funds $ 642 $ — $ — FAIR VALUE MEASUREMENTS AS OF APRIL 30, 2020 (in thousands) LEVEL 1 LEVEL 2 LEVEL 3 ASSETS: Mutual funds $ 773 $ — $ — LIABILITIES: Foreign exchange forward contracts $ — $ (1,102) $ —

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Apr. 30, 2021USD ($)plan	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	May 01, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Advertising costs	$ 34,100,000	$ 33,900,000	$ 38,900,000
Impairment of long-lived assets	0	0	0
Impairment of goodwill	0	0	0
Impairment of intangible assets	$ 0	0	0
Number of defined benefit pension plans | plan	2
Operating lease right-of-use assets	$ 123,118,000	127,668,000
Operating lease liability	$ 129,622,000
Accounting Standards Update 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease right-of-use assets				$ 80,400,000
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible assets, useful life	6 years
Buildings And Improvements [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment useful lives	15 years
Buildings And Improvements [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment useful lives	30 years
Machinery And Equipment [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment useful lives	3 years
Machinery And Equipment [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment useful lives	12 years
Promotional Display [Member]
Summary Of Significant Accounting Policies [Line Items]
Amortization	$ 10,000,000	$ 8,200,000	$ 6,400,000
Promotional Display [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, plant and equipment useful lives	60 months
Foreign Exchange Contract | Not Designated as Hedging Instrument
Summary Of Significant Accounting Policies [Line Items]
Derivative, Notional Amount	$ 0

Customer Receivables (Component

Customer Receivables (Components Of Customer Receivables) (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Receivables [Abstract]
Gross customer receivables	$ 156,187	$ 112,528
Allowance for doubtful accounts	(331)	(472)
Allowance for returns and discounts	(8,990)	(5,712)
Net customer receivables	146,866	106,344
Inventories	140,282	111,836
Carried under FIFO	80,300	66,000
Carried under LIFO	$ 60,000	$ 45,800

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 63,384	$ 51,460
Work-in-process	51,176	42,381
Finished goods	43,526	32,572
Total FIFO inventories	158,086	126,413
Reserve to adjust inventories to LIFO value	(17,804)	(14,577)
Total inventory	140,282	111,836
Carried under FIFO	80,300	66,000
Carried under LIFO	$ 60,000	$ 45,800

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 501,596	$ 488,767
Less accumulated amortization and depreciation	(297,594)	(284,943)
Property, Plant and Equipment, Net, Total	204,002	203,824
Amortization and depreciation expense on property, plant and equipment	38,300	36,900	$ 36,200
Accumulated amortization on capital leases	33,000	32,300
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,431	4,431
Buildings And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	116,103	120,819
Building And Improvements - Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,636	11,636
Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	315,371	312,806
Machinery And Equipment - Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	31,386	30,911
Construction In Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 22,669	$ 8,164

Intangible Assets and Tradema_3

Intangible Assets and Trademarks (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangibles, gross	$ 274,000	$ 274,000
Less accumulated amortization	(152,222)	(106,556)
Intangibles, net	121,778	167,444
Trademarks, net
Finite-Lived Intangible Assets [Line Items]
Intangibles, gross	10,000	10,000
Less accumulated amortization	(10,000)	(7,778)
Intangibles, net	$ 0	$ 2,222

Intangible Assets and Tradema_4

Intangible Assets and Trademarks Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 47.9	$ 49
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	6 years
Trademarks, net
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, useful life	6 years

Loans Payable and Long-Term D_3

Loans Payable and Long-Term Debt (Schedule Of Debt Maturities) (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Debt Instrument [Line Items]
2022	$ 8,322
2023	7,956
2024	14,075
2025	19,338
2026	470,617
2027 and thereafter	5,845
Total	526,153	$ 606,346
Debt issuance costs	(4,381)	(9,209)
Current maturities	(8,322)	(2,216)
Total long-term debt	513,450	594,921
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowed under the Credit Agreement	264,000	0
Letter of Credit [Member]
Debt Instrument [Line Items]
Borrowed under the Credit Agreement	8,300
Term Loans [Member]
Debt Instrument [Line Items]
2022	6,250
2023	6,250
2024	12,500
2025	18,750
2026	206,250
2027 and thereafter	0
Total	250,000	244,000
Senior Notes [Member]
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
2027 and thereafter	0
Total	0	350,000
Economic Development Loans [Member]
Debt Instrument [Line Items]
2022	2,072
2023	1,660
2024	1,322
2025	332
2026	108
2027 and thereafter	0
Total	5,494	5,687
Other Long-term Debt [Member]
Debt Instrument [Line Items]
2022	0
2023	46
2024	253
2025	256
2026	259
2027 and thereafter	5,845
Total	6,659	6,659
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	264,000
2027 and thereafter	0
Total	$ 264,000	$ 0

Loans Payable and Long-Term D_4

Loans Payable and Long-Term Debt (Narrative) (Details) - USD ($)	Apr. 26, 2021	Apr. 22, 2021	Dec. 29, 2017	Jan. 25, 2016	Apr. 30, 2021	Apr. 30, 2020	Feb. 12, 2018
Debt Instrument [Line Items]
Debt, outstanding balance					$ 526,153,000	$ 606,346,000
New Markets Tax Credit Investment				$ 2,300,000
New Markets Tax Credit, Recapture Period				7 years
Debt issuance costs					4,381,000	9,209,000
Outstanding amounts under finance lease obligations					5,494,000	5,700,000
Debt Instrument, Repurchase Date	Apr. 26, 2021
Amortization of intangible assets					47,900,000	49,000,000
Payments of Debt Restructuring Costs					13,800,000
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	102.438%
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
LIBOR rate				1.20%
Loan agreement amount				$ 6,600,000
Loan term				30 years
Debt issuance costs				$ 300,000
Deferred Finance Costs, Amortization Period				30 years
Other Noncurrent Assets [Member]
Debt Instrument [Line Items]
Financing Receivable, after Allowance for Credit Loss, Noncurrent				$ 4,300,000
Long-term Debt [Member]
Debt Instrument [Line Items]
Amount drawn on loan					6,700,000
Initial Term Loan [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Loan agreement amount			$ 250,000,000
Proceeds from Issuance of Debt			250,000,000
Initial Term Loan And Delayed Draw Loan [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross						244,000,000
Delayed Draw Term Loan [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Loan agreement amount			250,000,000
4.875% Senior Notes Due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Loan agreement amount							$ 350,000,000
Debt instrument, interest rate, stated percentage							4.875%
Term Loans [Member]
Debt Instrument [Line Items]
Debt, outstanding balance					$ 250,000,000	244,000,000
Term Loans [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Loan agreement amount		$ 250,000,000
Proceeds from Issuance of Debt		250,000,000
Long-term Debt, Gross						250,000,000
Minimum [Member]
Debt Instrument [Line Items]
Interest rates on finance leases (percent)					2.00%
Maximum [Member]
Debt Instrument [Line Items]
Interest rates on finance leases (percent)					4.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount outstanding					$ 264,000,000	$ 0
Proceeds from term loan		264,000,000	50,000,000
Line of credit facility, maximum borrowing capacity		500,000,000	100,000,000
Line of Credit Facility, Remaining Borrowing Capacity					$ 227,700,000
Line of Credit Facility, Commitment Fee Percentage					0.125%
Consolidated Interest Coverage Ratio					2
Total Net Leverage Ratio					4
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 50,000,000	$ 25,000,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Amount outstanding					$ 8,300,000
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Spread on interest rate					1.25%
Base Rate | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Spread on interest rate					0.25%

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings (Loss) Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 58,763	$ 74,861	$ 83,688
Denominator for basic earnings per common share - weighted-average shares	16,970	16,908	17,289
Stock options and restricted stock units	67	44	41
Denominator for diluted earnings (loss) per common share - weighted-average shares and assumed conversions	17,037	16,952	17,330
Net earnings per share, Basic (usd per share)	$ 3.46	$ 4.43	$ 4.84
Net earnings per share, Diluted (usd per share)	$ 3.45	$ 4.42	$ 4.83

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019	May 25, 2021	Aug. 22, 2019	Nov. 28, 2018	Nov. 30, 2016
Earnings Per Share [Abstract]
Potentially dilutive shares	0	0
Equity, Class of Treasury Stock [Line Items]
Treasury Stock, Shares, Acquired	200,046		745,232
Treasury Stock, Value, Acquired, Cost Method			$ 50,000,000
Share Repurchase Program 2016
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount							$ 50,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 0
Share Repurchase Program 2018
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount						$ 14,000,000
Share Repurchase Program 2019
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 50,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	30,000,000
Treasury Stock, Value, Acquired, Cost Method	$ 20,000,000
Share Repurchase Program 2019 | Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program Cancelled Authorized Repurchase Amount				$ 30,000,000
Share Repurchase Program 2021 | Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 100,000,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ in Thousands	12 Months Ended
	Apr. 30, 2021USD ($)performance_periodplanawardshares	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock-based compensation plans | award	2
Stock-based compensation expense, before income taxes	$ 4,598	$ 3,989	$ 3,040
Number of stock incentive plans | plan	2
Shares available for awards | shares	632,666
Cash received from options exercised	$ 0	300	500
Performance period	1 year
Period to achieve cultural goals	3 years
Accrued compensation and related expenses	$ 58,577	49,064
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, years	3 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of performance periods | performance_period	3
Total unrecognized compensation expense related to unvested stock options granted	$ 11,100
Expected to be recognized over a weighted average period	1 year 9 months 18 days
Restricted Stock Units (RSUs) [Member] | Employee Only
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, years	3 years
Restricted Stock Units (RSUs) [Member] | Non Employee Directors only
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, years	2 years
Performance-Based Restricted Stock Tracking Units (RSTUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved for grants | shares	11,456
Service-Based Restricted Stock Tracking Units (RSTUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares approved for grants | shares	6,229
Restricted Stock Tracking Units (RSTUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, before income taxes	$ 900	0	$ 500
Vesting period, years	3 years
Accrued compensation and related expenses	$ 1,000	$ 400

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule Of Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Oustanding number of options, Beginning Balance	0	5,167	17,968
Options exercised	0	(5,167)	(12,801)
Oustanding number of options ending balance	0	0	5,167	17,968
Remaining contractual term outstanding	0 years	0 years	6 years 1 month 6 days	4 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Exercise price, beginning	$ 0	$ 57.11	$ 44.23
Exercise price, exercised	0	57.11	39.04
Exercise price, ending	$ 0	$ 0	$ 57.11	$ 44.23
Aggregate intrinsic value outstanding, beginning balance	$ 0	$ 170	$ 682
Aggregate intrinsic value, exercised	0	0	651
Aggregate intrinsic value outstanding, ending balance	$ 0	$ 0	$ 170	$ 682
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest [Abstract]
Vested and expected to vest in the future, Number of options	0
Vested and expected to vest in the future, Remaining contractual term	0 years
Vested and expected to vest in the future, Exercise price	$ 0
Vested and expected to vest in the future, Aggregate intrinsic value	$ 0
Exercisable, Number of options	0
Exercisable, Remaining contractual term	0 years
Exercisable, Exercise price	$ 0
Exercisable, Aggregate intrinsic value	$ 0
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0	0	5,167	17,968
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0	0
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Oustanding number of options ending balance	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of RSU's Activity) (Details) - $ / shares	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Employee Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Issued and outstanding, beginning balance	117,687	89,182	97,651
Granted	124,374	61,379	45,615
Cancelled due to non-achievement of performance goals	(17,461)	(11,305)	(10,352)
Settled in common stock	(19,058)	(18,628)	(34,475)
Forfeited	(73,858)	(2,941)	(9,257)
Issued and outstanding, ending balance	131,684	117,687	89,182
Serviced-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Issued and outstanding, beginning balance	79,210	61,269	55,059
Granted	76,846	42,691	30,335
Cancelled due to non-achievement of performance goals	0	0	0
Settled in common stock	(27,208)	(21,521)	(18,778)
Forfeited	(37,377)	(3,229)	(5,347)
Issued and outstanding, ending balance	91,471	79,210	61,269
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Issued and outstanding, beginning balance	196,897	150,451	152,710
Granted	201,220	104,070	75,950
Cancelled due to non-achievement of performance goals	(17,461)	(11,305)	(10,352)
Settled in common stock	(46,266)	(40,149)	(53,253)
Forfeited	(111,235)	(6,170)	(14,604)
Issued and outstanding, ending balance	223,155	196,897	150,451
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average grant date fair value, beginning balance	$ 66.68	$ 76.91	$ 73.34
Weighted average grant date fair value, Awarded	66	53.95	104.10
Weighted average grant date fair value, cancelled due to non-achievement of performance goals	89.31	85.13	80.26
Weighted average grant date fair value, settled in common shares	88.57	67.03	60.50
Weighted average grant date fair value, forfeited	71.63	86.68	79.49
Weighted average grant date fair value, ending balance	$ 64.81	$ 66.68	$ 76.91
Restricted Stock Units (RSUs) [Member] | Non Employee Directors only
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Restricted Stock Units (RSUs) [Member] | Employee Only
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock-Based Compensation Expense Allocated) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, before income taxes	$ 4,598	$ 3,989	$ 3,040
Cost Of Sales And Distribution [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, before income taxes	1,461	809	691
Selling And Marketing Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, before income taxes	982	1,006	649
General And Administrative Expense [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, before income taxes	$ 2,155	$ 2,174	$ 1,700

Employee Benefit and Retireme_3

Employee Benefit and Retirement Plans (Narrative) (Details) $ in Thousands	Dec. 31, 2020USD ($)	Apr. 30, 2021USD ($)plan	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)
Defined Benefit Plan Disclosure [Line Items]
Recognized expenses for profit-sharing contributions		$ 2,900	$ 3,700	$ 3,800
401(k) contributions, percent match of employee's annual contribution				100.00%
Effective maximum contribution of base earnings				4.00%
Number of defined benefit pension plans | plan		2
Accumulated other comprehensive loss		$ 73,100
Accumulated other comprehensive loss, net of tax		54,568	51,173
Expected recognized net actuarial losses in net periodic pension benefit cost, before tax		1,200
Expected recognized net actuarial losses in net periodic pension benefit cost, after tax		900
Accumulated benefit obligation		196,500	191,200
Company contributions		$ 0	$ 469
Plan asset actual allocation		100.00%	100.00%
Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan asset actual allocation		0.00%	33.00%
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Percent of after tax earnings contributed in profit sharing		0.00%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Percent of after tax earnings contributed in profit sharing		5.00%
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, estimated termination cost	$ 1,600
401(k) Plan [Member] | Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expense for 401(k) matching contributions		$ 11,900	$ 10,100	$ 9,900
ERROR in label resolution.
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, minimum age requirement		18 years

Employee Benefit and Retireme_4

Employee Benefit and Retirement Plans (Reconciliation Of Benefit Obligations, Plan Assets, And Funded Status) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Retirement Benefits [Abstract]
Projected benefit obligation at beginning of year	$ 191,184	$ 168,788
Interest cost	4,662	5,974	$ 6,269
Acturial (gains) and losses	6,759	22,293
Benefits paid	(6,068)	(5,871)
Projected benefit obligation at end of year	196,537	191,184	168,788
Fair value of plan assets at beginning of year	190,743	169,471
Actual return on plan assets	8,877	26,674
Company contributions	0	469
Benefits paid	(6,068)	(5,871)
Fair value of plan assets at end of year	193,552	190,743	$ 169,471
Funded status of the plan	$ (2,985)	$ (441)

Employee Benefit and Retireme_5

Employee Benefit and Retirement Plans (Net Periodic Pension Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Retirement Benefits [Abstract]
Interest cost	$ 4,662	$ 5,974	$ 6,269
Expected return on plan assets	(8,430)	(8,327)	(8,509)
Recognized net actuarial loss	1,761	1,692	1,648
Pension benefit cost	$ (2,007)	$ (661)	$ (592)

Employee Benefit and Retireme_6

Employee Benefit and Retirement Plans (Schedule Of Assumptions Used To Determine Benenfit Obligations And Earnings Effects For Pension Plans) (Details)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.80%	3.16%
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.16%	4.02%	4.18%
Expected return on plan assets	3.25%	5.00%	5.50%

Employee Benefit and Retireme_7

Employee Benefit and Retirement Plans (Schedule Of Expected Future Benefit Payments) (Details) $ in Thousands	Apr. 30, 2021USD ($)
Retirement Benefits [Abstract]
2021	$ 199,685

Employee Benefit and Retireme_8

Employee Benefit and Retirement Plans (Schedule Of Pension Assets By Major Category Of Plan Assets And Type Of Fair Value Measurements) (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	$ 193,552	$ 190,743
QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	193,552	190,743
SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	0	0
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	0	0
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	80,524	490
Cash and Cash Equivalents [Member] | QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	80,524	490
Cash and Cash Equivalents [Member] | SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	0	0
Cash and Cash Equivalents [Member] | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	0	0
Mutual Fund Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value		37,569
Mutual Fund Equity [Member] | QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value		37,569
Mutual Fund Equity [Member] | SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value		0
Mutual Fund Equity [Member] | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value		0
International Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value		24,578
International Equity [Member] | QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value		24,578
Mutual Fund Income Tax [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	113,028	128,106
Mutual Fund Income Tax [Member] | QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	113,028	128,106
Mutual Fund Income Tax [Member] | SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	0	0
Mutual Fund Income Tax [Member] | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets at net asset value	$ 0	$ 0

Employee Benefit and Retireme_9

Employee Benefit and Retirement Plans (Schedule Of Allocation Of Plan Assets) (Details)	Apr. 30, 2021	Apr. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Plan asset target allocation	100.00%
Plan asset actual allocation	100.00%	100.00%
Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan asset target allocation	0.00%
Plan asset actual allocation	0.00%	33.00%
Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan asset target allocation	100.00%
Plan asset actual allocation	58.00%	67.00%

Income Taxes (Schedule Of Incom

Income Taxes (Schedule Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
CURRENT
Federal	$ 25,683	$ 29,072	$ 25,649
State	5,639	7,581	8,231
Foreign	1,018	533	1,125
Total current expense	32,340	37,186	35,005
DEFERRED
Federal	(11,426)	(7,167)	(4,498)
State	(2,039)	(4,190)	(3,266)
Deferred Foreign Income Tax Expense (Benefit)	(203)	(142)	(41)
Total deferred benefit	(13,668)	(11,499)	(7,805)
Total expense	18,672	25,687	27,200
Other comprehensive income (loss)	(1,156)	(573)	190
Total comprehensive income tax expense	$ 17,516	$ 25,114	$ 27,390

Income Taxes (Schedule Of Effec

Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Federal statutory rate	21.00%	21.00%	21.00%
Federal income tax credits	(1.20%)	(0.90%)	(1.40%)
Stock compensation	0.20%	(0.10%)	(0.50%)
Meals and entertainment	0.10%	0.30%	0.30%
Effect of 2017 Tax Act	0.00%	0.00%	(1.10%)
Valuation allowance for deferred taxes	0.00%	0.70%	0.60%
Foreign	0.60%	0.40%	0.80%
Other	0.20%	0.70%	1.20%
Total	(0.10%)	1.10%	(0.10%)
Effective federal income tax rate	20.90%	22.10%	20.90%
State income taxes, net of federal tax effect	3.20%	3.40%	3.60%
Effective income tax rate	24.10%	25.50%	24.50%

Income Taxes (Schedule Of Signi

Income Taxes (Schedule Of Significant Components Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Deferred tax assets:
Accounts receivable	$ 1,781	$ 1,730
Deferred Tax Assets, Pension Benefits	815	0
Deferred Tax Assets, Inventory	692	0
Product liability	1,321	862
Employee benefits	5,746	5,189
Operating leases	32,975	33,258
Other	2,086	4,330
Gross deferred tax assets, before valuation allowance	50,849	50,364
Valuation allowance	(4,914)	(4,415)
Gross deferred tax assets, after valuation allowance	45,935	45,949
Deferred tax liabilities:
Inventory	0	125
Depreciation	22,116	24,147
Intangibles	29,123	40,677
Operating leases	31,320	32,325
Other	606	695
Total	83,165	97,969
Net deferred tax liability	37,230	52,020
State [Member]
Deferred tax assets:
Tax credit carryforwards	$ 5,433	$ 4,995

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Tax Credit Carryforward [Line Items]
Valuation allowance	$ 4,914	$ 4,415
State [Member]
Tax Credit Carryforward [Line Items]
Gross amount of state tax credit carryforwards	3,800	3,900
Net deferred tax assets related to tax credit carryforwards	500	600
State [Member] | Other Liabilities [Member]
Tax Credit Carryforward [Line Items]
Net deferred tax assets related to tax credit carryforwards	500	800
Foreign Tax Authority [Member]
Tax Credit Carryforward [Line Items]
Valuation allowance	500
Gross amount of state tax credit carryforwards	$ 1,700	$ 1,200

Income Taxes income Taxes (Chan

Income Taxes income Taxes (Change in Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Change in Unrecognized Tax Benefits
Balance at beginning of year	$ 2,305	$ 2,240
Additions based on tax positions related to the current year	115	65
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(929)	0
Balance at end of year	$ 1,491	$ 2,305

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details)	12 Months Ended
	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Warranty claims, period from original ship date	2 months

Commitments and Contingencies_3

Commitments and Contingencies (Reconciliation Of Warranty Liability) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 3,753	$ 4,616
Accrual for warranties	21,247	21,886
Settlements	(19,751)	(22,749)
Ending balance at fiscal year end	$ 5,249	$ 3,753

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,744,014	$ 1,650,333	$ 1,645,319
Home center retailers
Disaggregation of Revenue [Line Items]
Net Sales	848,898	768,043	788,803
Builders
Disaggregation of Revenue [Line Items]
Net Sales	673,307	668,765	631,474
Independent dealers and distributors
Disaggregation of Revenue [Line Items]
Net Sales	$ 221,809	$ 213,525	$ 225,042

Credit Concentration (Details)

Credit Concentration (Details)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Accounts Receivable [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk percentage	34.30%	26.40%
Accounts Receivable [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk percentage	22.10%	22.90%
Sales Revenue, Gross [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk percentage	30.80%	29.30%	29.30%
Sales Revenue, Gross [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk percentage	17.90%	17.20%	18.60%

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Lease, Cost [Abstract]
Reduction in the carrying value of right-of-use assets	$ 635,000	$ 2,582,000
Interest on lease liabilities	73,000	205,000
Operating lease cost	27,192,000	25,405,000
Operating cash flows for finance leases	73,000	205,000
Operating cash flows for operating leases	24,371,000	22,595,000
Financing cash flows for financing leases	608,000	2,512,000
Right-of-use assets obtained in exchange for new finance lease liabilities	2,222	1,650
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 8,914	$ 72,703
Weighted average remaining lease term - finance leases	2 years 11 months 12 days	3 years 4 months 9 days
Weighted average remaining lease term - operating leases	6 years 7 months 13 days	7 years 4 months 28 days
Weighted average discount rate - finance leases (percent)	2.95%	3.19%
Weighted average discount rate - operating leases (percent)	3.23%	4.27%

Leases - Fiscal Year Maturity o

Leases - Fiscal Year Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Operating Lease Maturities
2022	$ 23,761
2023	22,875
2024	20,881
2025	18,058
2026	17,852
Thereafter	40,881
Total lease payments	144,308
Less imputed interest	(14,686)
Total lease liability	129,622
Current maturities	(19,994)	$ (18,896)
Long-term lease liability - operating	109,628	112,454
Operating lease right-of-use assets	123,118	127,668
Finance Lease Maturities
2022	2,199
2023	1,732
2024	1,352
2025	339
2026	109
Thereafter	0
Total lease payments	5,731
Less imputed interest	(237)
Total lease liability	5,494	$ 5,700
Current maturities	(2,072)
Lease liability - long-term	3,422
Lease assets	$ 10,037

Restructuring Charges (Narrativ

Restructuring Charges (Narrative) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jul. 31, 2019	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring charges, net		$ 5,848,000	$ (18,000)	$ 1,987,000
Restructuring reserve		139,000	189,000	387,000
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net		5,848,000	(18,000)	$ 1,987,000
Employee Severance and Separation [Member]
Restructuring and Related Activities [Abstract]
Restructuring charges, net		1,739,000
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net		1,739,000
Nationwide Reductions In Force
Restructuring and Related Activities [Abstract]
Restructuring charges, net	$ 1,800,000
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 1,800,000
Manufacturing Plant Closure
Restructuring and Related Activities [Abstract]
Restructuring charges, net		4,400,000
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net		4,400,000
Manufacturing Plant Closure | Employee Severance and Separation [Member]
Restructuring and Related Activities [Abstract]
Restructuring charges, net		900,000
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net		900,000
Manufacturing Plant Closure | Other Restructuring
Restructuring and Related Activities [Abstract]
Restructuring charges, net		3,500,000
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net		3,500,000
Nationwide Reductions In Force | Employee Severance and Separation [Member]
Restructuring and Related Activities [Abstract]
Restructuring charges, net		1,400,000	200,000
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net		1,400,000	$ 200,000
Discontinued Operations, Disposed of by Sale | Humboldt Facility | Facility Closing
Restructuring and Related Activities [Abstract]
Gain (Loss) on Disposition of Business		2,300,000
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business		$ 2,300,000

Restructuring Charges Restruc_2

Restructuring Charges Restructuring Charges Reserve (Details) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Restructuring Reserve [Roll Forward]
Restructuring reserve balance at May 1	$ 189,000	$ 387,000
Expense	5,848,000	(18,000)	$ 1,987,000
Payments and adjustments	(1,789,000)	(180,000)
Restructuring reserve balance at April 30	$ 139,000	$ 189,000	$ 387,000

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Of Assets On Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Apr. 30, 2021	Apr. 30, 2020
Money Market Funds [Member] | LEVEL 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 642
Money Market Funds [Member] | LEVEL 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0
Money Market Funds [Member] | LEVEL 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 0
Mutual Funds [Member] | LEVEL 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		$ 773
Foreign exchange forward contracts		0
Mutual Funds [Member] | LEVEL 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		0
Foreign exchange forward contracts		(1,102)
Mutual Funds [Member] | LEVEL 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		0
Foreign exchange forward contracts		$ 0

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 1,744,014	$ 1,650,333	$ 1,645,319
Gross profit	319,275	329,186	346,473
Income before income taxes	77,435	100,548	110,888
Net income	$ 58,763	$ 74,861	$ 83,688
Earnings per share
Basic (usd per share)	$ 3.46	$ 4.43	$ 4.84
Diluted (usd per share)	$ 3.45	$ 4.42	$ 4.83

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019	May 25, 2021
Subsequent Event [Line Items]
Restructuring charges, net	$ 5,848,000	$ (18,000)	$ 1,987,000
Employee Severance and Separation [Member]
Subsequent Event [Line Items]
Restructuring charges, net	$ 1,739,000
Subsequent Event | Share Repurchase Program 2021
Subsequent Event [Line Items]
Stock Repurchase Program, Authorized Amount				$ 100,000,000

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 472	$ 249	$ 259
Additions (Reductions) Charged to Cost and Expenses	182	323	72
Other	0	0	0
Deductions	(323)	(100)	(82)
Balance at End of Year	331	472	249
Reserve for Cash Discounts [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	1,171	1,451	1,627
Additions (Reductions) Charged to Cost and Expenses	19,109	16,810	16,994
Other	0	0	0
Deductions	(18,444)	(17,090)	(17,170)
Balance at End of Year	1,836	1,171	1,451
Reserve for Sales Returns and Allowances [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	4,541	4,545	4,381
Additions (Reductions) Charged to Cost and Expenses	22,298	17,049	11,867
Other	0	0	0
Deductions	(19,685)	(17,053)	(11,703)
Balance at End of Year	$ 7,154	$ 4,541	$ 4,545