American Woodmark (AMWD) 10-Q 23 Nov 21 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Oct. 31, 2021	Nov. 22, 2021
Cover [Abstract]
Entity Central Index Key	0000794619
Current Fiscal Year End Date	--04-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2021
Document Transition Report	false
Entity File Number	000-14798
Entity Registrant Name	American Woodmark Corp
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(b) Security	Common Stock
Trading Symbol	AMWD
Security Exchange Name	NASDAQ
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 Common Stock, Shares Outstanding		16,569,585

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2021	Apr. 30, 2021
Current assets
Cash and cash equivalents	$ 8,007	$ 91,071
Customer receivables, net	149,191	146,866
Inventories	190,998	158,167
Income taxes receivable	5,109	0
Prepaid expenses and other	18,403	13,861
Total current assets	371,708	409,965
Property, plant and equipment, net	208,696	204,002
Operating lease right-of-use assets	118,283	123,118
Goodwill	767,612	767,612
Promotional displays, net	14,313	14,554
Deferred Tax Assets, Net of Valuation Allowance	1,520	1,118
Other assets	14,663	12,252
TOTAL ASSETS	1,595,739	1,654,399
Current liabilities
Accounts payable	87,109	91,622
Current maturities of long-term debt	2,160	8,322
Short-term lease liability - operating	21,538	19,994
Accrued compensation and related expenses	44,738	58,577
Accrued marketing expenses	20,268	20,019
Other accrued expenses	19,321	21,913
Total current liabilities	195,134	220,447
Long-term debt, less current maturities	501,434	513,450
Deferred Income Tax Liabilities, Net	40,641	42,891
Long-term lease liability - operating	104,433	109,628
Other long-term liabilities	10,958	11,745
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 July 31, 2021: 16,561,054; at April 30, 2021: 16,801,101	360,902	362,524
Retained earnings	434,167	448,282
Accumulated Other Comprehensive Income (Loss), Net of Tax	(51,930)	(54,568)
Total shareholders' equity	743,139	756,238
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,595,739	$ 1,654,399
Preferred stock, shares issued	0	0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares outstanding	16,569,585	16,801,101
Preferred stock, par value (in usd per share)	$ 1	$ 1
Preferred stock, shares authorized	2,000,000	2,000,000
Common stock, no par value (in usd per share)	$ 0	$ 0
Common stock, shares issued	16,569,585	16,801,101
Customer relationships
Current assets
Intangible Assets, Net (Excluding Goodwill)	$ 98,944	$ 121,778

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Oct. 31, 2021	Apr. 30, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 1	$ 1
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, no par value (in usd per share)	$ 0	$ 0
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	16,569,585	16,801,101
Common stock, shares outstanding	16,569,585	16,801,101

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Income Statement [Abstract]
Net sales	$ 453,163	$ 448,583	$ 895,744	$ 838,670
Cost of sales and distribution	401,469	357,911	790,607	668,431
Gross Profit	51,694	90,672	105,137	170,239
Selling and marketing expenses	21,568	21,608	44,555	41,506
General and administrative expenses	24,596	30,229	48,283	60,212
Restructuring charges, net	(3)	2,791	310	6,251
Operating Income	5,533	36,044	11,989	62,270
Interest expense, net	2,360	5,981	4,533	12,011
Other (income) expense, net	863	(981)	936	(2,669)
Income Before Income Taxes	2,310	31,044	6,520	52,928
Income tax expense	280	7,922	1,509	13,747
Net Income	$ 2,030	$ 23,122	$ 5,011	$ 39,181
Weighted Average Shares Outstanding
Basic (in shares)	16,567,391	16,992,297	16,614,112	16,964,565
Diluted (in shares)	16,605,911	17,047,296	16,662,791	17,036,652
Net earnings per share
Basic (in usd per share)	$ 0.12	$ 1.36	$ 0.30	$ 2.31
Diluted (in usd per share)	$ 0.12	$ 1.36	$ 0.30	$ 2.30

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 2,030	$ 23,122	$ 5,011	$ 39,181
Other comprehensive income, net of tax:
Change in pension benefits, net of deferred taxes of $125 and $111, and $251 and $224 for the three and six months ended October 31, 2021 and 2020, respectively	373	329	746	656
Change in cash flow hedges (swap), net of deferred taxes of $641 for the three and six months ended October 31, 2021, respectively	2,465	0	1,892	0
Total Comprehensive Income	$ 4,868	$ 23,451	$ 7,649	$ 39,837

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Change In Pension Benefits And Derivative Hedging Activities [Line Items]
Change in cash flow hedges (swap), net of deferred taxes of $641 for the three and six months ended October 31, 2021, respectively	$ 2,465	$ 0	$ 1,892	$ 0
Other comprehensive income, deferred tax	125	$ 111	251	$ 224
Cash Flow Hedging
Change In Pension Benefits And Derivative Hedging Activities [Line Items]
Other comprehensive income, deferred tax	$ 641		$ 641

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	COMMON STOCK	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE LOSS
Balance at beginning of period (shares) at Apr. 30, 2020		16,926,537
Balance at beginning of period at Apr. 30, 2020	$ 711,450	$ 359,430	$ 403,193	$ (51,173)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,059		16,059
Other comprehensive loss, net of tax	327			327
Stock-based compensation	961	$ 961
Exercise of stock-based compensation awards, net of amounts withheld for taxes (shares)		16,212
Exercise of stock-based compensation awards, net of amounts withheld for taxes	(534)	$ (534)
Employee benefit plan contributions (shares)		45,591
Employee benefit plan contributions	3,743	$ 3,743
Balance at end of period (shares) at Jul. 31, 2020		16,988,340
Balance at end of period at Jul. 31, 2020	732,006	$ 363,600	419,252	(50,846)
Balance at beginning of period (shares) at Apr. 30, 2020		16,926,537
Balance at beginning of period at Apr. 30, 2020	711,450	$ 359,430	403,193	(51,173)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	39,181
Balance at end of period (shares) at Oct. 31, 2020		16,993,260
Balance at end of period at Oct. 31, 2020	756,546	$ 364,689	442,374	(50,517)
Balance at beginning of period (shares) at Jul. 31, 2020		16,988,340
Balance at beginning of period at Jul. 31, 2020	732,006	$ 363,600	419,252	(50,846)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,122		23,122
Other comprehensive loss, net of tax	329			329
Stock-based compensation	1,266	$ 1,266
Exercise of stock-based compensation awards, net of amounts withheld for taxes (shares)		4,920
Exercise of stock-based compensation awards, net of amounts withheld for taxes	(177)	$ (177)
Balance at end of period (shares) at Oct. 31, 2020		16,993,260
Balance at end of period at Oct. 31, 2020	$ 756,546	$ 364,689	442,374	(50,517)
Balance at beginning of period (shares) at Apr. 30, 2021	16,801,101	16,801,101
Balance at beginning of period at Apr. 30, 2021	$ 756,238	$ 362,524	448,282	(54,568)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,981		2,981
Other comprehensive loss, net of tax	(200)			(200)
Stock-based compensation	1,177	$ 1,177
Exercise of stock-based compensation awards, net of amounts withheld for taxes (shares)		20,243
Exercise of stock-based compensation awards, net of amounts withheld for taxes	(1,033)	$ (1,033)
Stock Repurchased and Retired During Period, Value	(25,000)		(19,126)
Stock Repurchased and Retired During Period, Shares		(299,781)
Employee benefit plan contributions (shares)		39,491
Employee benefit plan contributions	2,938	$ 2,938
Stock repurchases		$ 5,874
Balance at end of period (shares) at Jul. 31, 2021		16,561,054
Balance at end of period at Jul. 31, 2021	$ 737,101	$ 359,732	432,137	(54,768)
Balance at beginning of period (shares) at Apr. 30, 2021	16,801,101	16,801,101
Balance at beginning of period at Apr. 30, 2021	$ 756,238	$ 362,524	448,282	(54,568)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 5,011
Balance at end of period (shares) at Oct. 31, 2021	16,569,585	16,569,585
Balance at end of period at Oct. 31, 2021	$ 743,139	$ 360,902	434,167	(51,930)
Balance at beginning of period (shares) at Jul. 31, 2021		16,561,054
Balance at beginning of period at Jul. 31, 2021	737,101	$ 359,732	432,137	(54,768)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,030		2,030
Other comprehensive loss, net of tax	2,838			2,838
Stock-based compensation	1,216	$ 1,216
Exercise of stock-based compensation awards, net of amounts withheld for taxes (shares)		8,531
Exercise of stock-based compensation awards, net of amounts withheld for taxes	$ (46)	$ (46)
Balance at end of period (shares) at Oct. 31, 2021	16,569,585	16,569,585
Balance at end of period at Oct. 31, 2021	$ 743,139	$ 360,902	$ 434,167	$ (51,930)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent	$ 5,011,000	$ 39,181,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	48,780,000	51,779,000
Net loss on disposal of property, plant and equipment	151,000	332,000
Reduction in the carrying amount of operating lease right-of-use assets	13,983,000	13,366,000
Amortization of debt issuance costs	434,000	1,263,000
Unrealized (gain) loss on foreign exchange forward contracts	(170,000)	1,821,000
Stock-based compensation expense	2,393,000	2,227,000
Deferred income taxes	(3,994,000)	(6,777,000)
Pension contributions and related (income) expense	609,000	(1,004,000)
Contributions of employer stock to employee benefit plan	2,938,000	3,743,000
Other non-cash items	169,000	2,299,000
Changes in operating assets and liabilities:
Customer receivables	(2,829,000)	(45,071,000)
Income taxes receivable	(5,750,000)	2,003,000
Inventories	(33,198,000)	(17,395,000)
Prepaid expenses and other assets	(6,206,000)	(4,825,000)
Accounts payable	(5,214,000)	21,575,000
Accrued compensation and related expenses	(13,838,000)	7,206,000
Operating lease liabilities	(12,798,000)	(12,144,000)
Marketing and other accrued expenses	(987,000)	20,631,000
Net cash (used) provided by operating activities	(10,176,000)	76,568,000
INVESTING ACTIVITIES
Payments to acquire property, plant and equipment	(22,109,000)	(14,142,000)
Proceeds from sales of property, plant and equipment	5,000	194,000
Investment in promotional displays	(4,994,000)	(4,982,000)
Net cash used by investing activities	(27,098,000)	(18,930,000)
FINANCING ACTIVITIES
Payments of long-term debt	(39,705,000)	(41,255,000)
Proceeds from Issuance of Long-term Debt	20,000,000	0
Repurchase of common stock	25,000,000	0
Withholding of employee taxes related to stock-based compensation	(1,079,000)	(710,000)
Debt issuance cost	(6,000)	(172,000)
Net cash used by financing activities	(45,790,000)	(42,137,000)
Net (decrease) increase in cash and cash equivalents	(83,064,000)	15,501,000
Cash and cash equivalents, beginning of period	91,071,000	97,059,000
Cash and cash equivalents, end of period	8,007,000	112,560,000
Non-cash investing and financing activities:
Property, plant and equipment included in accounts payable at period end	701	484
Cash paid during the period for:
Interest	4,324	10,848
Income taxes	$ 11,405	$ 18,119

Basis of Presentation

Basis of Presentation	6 Months Ended
	Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three- and six-month period ended October 31, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ending April 30, 2022 ("fiscal 2022"). The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2021 ("fiscal 2021") filed with the U.S. Securities and Exchange Commission ("SEC"). COVID-19: COVID-19 continues to spread throughout the United States and other countries across the world, and the duration and severity of the long-term effects continue to be unknown. We were negatively impacted by the COVID-19 pandemic as demand for our products significantly decreased during the fourth quarter of fiscal year ended April 30, 2020 ("fiscal 2020") and first quarter of fiscal 2021, "stay at home" orders and other work disruptions created disruptions to our business operations. Our supply chain has been negatively impacted throughout the pandemic. COVID-19 continues to impact our overall business, including hiring and retaining employees and through challenges caused by material availability and transportation delays, as well as increased pricing related to the aforementioned items. Inventories : Effective May 1, 2021, the Company changed its accounting method for inventory valuation for inventories which previously utilized a last-in, first-out ("LIFO") basis to a first-in, first-out ("FIFO") basis. All prior periods presented in the condensed consolidated financial statements have been retrospectively adjusted to apply the effects of the change in accounting method. The change in accounting method increased operating income, net income, and earnings per share for the quarter ended October 31, 2021 by $3.0 million, $2.2 million, and $0.13, respectively. Goodwill and Intangible Assets: Goodwill represents the excess of purchase price over the net amount of identifiable assets acquired and liabilities assumed in a business combination measured at fair value. 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 accounting standards, when evaluating goodwill, 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 impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then 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. There were no impairment charges related to goodwill for the three- and six-month periods ended October 31, 2021 and 2020. Intangible assets consist of customer relationship intangibles. The Company amortizes the cost of intangible assets over their estimated useful lives, six years, unless such lives are deemed indefinite. There were no impairment charges related to intangible assets for the three- and six-month periods ended October 31, 2021 and 2020. Derivative Financial Instruments: The Company uses derivatives as part of the normal business operations to manage its exposure to fluctuations in interest rates associated with variable interest rate debt and foreign exchange rates. The Company has established policies and procedures that govern the risk management of these exposures. The primary objective in managing these exposures is to add stability to interest expense, manage the Company's exposure to interest rate movements, and manage the risk from adverse fluctuations in foreign exchange rates. The Company uses interest rate swap contracts to manage interest rate exposures. The Company records derivatives in the condensed consolidated balance sheets at fair value. Changes in the fair value of derivatives designated as cash flow hedges are recorded in accumulated other comprehensive loss, and subsequently reclassified into earnings in the period the hedged forecasted transaction affects earnings. If a derivative is deemed to be ineffective, the change in fair value of the derivative is recognized directly in earnings. The Company also manages risks through the use of foreign exchange forward contracts. The Company recognizes its outstanding forward contracts in the condensed consolidated balance sheets at their fair values. The Company does not

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Oct. 31, 2021
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("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. ASU 2020-04 provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate ("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 the Company's consolidated financial statements. 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 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 was effective for the Company beginning May 1, 2021. The Company has reviewed the provisions of the pronouncement and the adoption of this guidance did not have an impact on the Company's consolidated financial statements.

Net Earnings Per Share

Net Earnings Per Share	6 Months Ended
	Oct. 31, 2021
Earnings Per Share [Abstract]
Net Earnings Per Share	Net Earnings Per Share The following table sets forth the computation of basic and diluted net earnings per share: Three Months Ended Six Months Ended October 31, October 31, (in thousands, except per share amounts) 2021 2020 2021 2020 Numerator used in basic and diluted net earnings per common share: Net income $ 2,030 $ 23,122 $ 5,011 $ 39,181 Denominator: Denominator for basic net earnings per common share - weighted-average shares 16,567 16,992 16,614 16,965 Effect of dilutive securities: Stock options and restricted stock units 39 55 49 72 Denominator for diluted net earnings per common share - weighted-average shares and assumed conversions 16,606 17,047 16,663 17,037 Net earnings per share Basic $ 0.12 $ 1.36 $ 0.30 $ 2.31 Diluted $ 0.12 $ 1.36 $ 0.30 $ 2.30 There were no potentially dilutive securities for the three- and six-month periods ended October 31, 2021 and 2020, which were excluded from the calculation of net earnings per diluted share.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Oct. 31, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has various stock-based compensation plans. During the three-months ended October 31, 2021, the Board of Directors of the Company approved grants of 10,320 service-based restricted stock units ("RSUs") to non-employee directors. These service-based RSUs (i) vest daily through the end of the two-year vesting period as long as the recipient continuously remains a member of the Board and (ii) entitle the recipient to receive one share of the Company's common stock per unit vested. During the six-months ended October 31, 2021, the Board of Directors of the Company also approved grants of service-based RSUs and performance-based RSUs to key employees. The performance-based RSUs totaled 57,476 units and the service-based RSUs totaled 30,984 units. The performance-based RSUs entitle the recipients to receive one share of the Company's common stock per unit granted if applicable performance conditions are met and the recipient remains continuously employed with the Company until the units vest. The service-based RSUs entitle the recipients to receive one share of the Company's common stock per unit granted if they remain continuously employed with the Company until the units vest. All of the Company's RSUs granted to employees cliff-vest three years from the grant date. For the three- and six-month periods ended October 31, 2021 and 2020, stock-based compensation expense was allocated as follows: Three Months Ended Six Months Ended October 31, October 31, (in thousands) 2021 2020 2021 2020 Cost of sales and distribution $ 326 $ 409 $ 675 $ 708 Selling and marketing expenses 343 354 662 333 General and administrative expenses 547 503 1,056 1,186 Stock-based compensation expense $ 1,216 $ 1,266 $ 2,393 $ 2,227 During the six months ended October 31, 2021, the Company also approved grants of 5,794 cash-settled performance-based restricted stock tracking units ("RSTUs") and 3,096 cash-settled service-based RSTUs for more junior level employees. Each performance-based RSTU entitles the recipient to receive a payment in cash equal to the fair market value of one share of the Company's common stock as of the payment date if applicable performance conditions are met and the recipient remains continuously employed with the Company until the units vest. The service-based RSTUs entitle the recipients to receive a payment in cash equal to the fair market value of one share of the Company's common stock as of the payment date if they remain continuously employed with the Company until the units vest. All of the RSTUs cliff-vest three years from the grant date. Since the RSTUs will be settled in cash, the grant date fair value of these awards is recorded as a liability until the date of payment. The fair value of each cash-settled RSTU award is remeasured at the end of each reporting period and the liability is adjusted, and related expense recorded, based on the new fair value. The Company recognized expense of $0.1 million and $0.2 million for the three-month periods ended October 31, 2021 and 2020, respectively, and $0.0 million and $0.4 million for the six-month periods ended October 31, 2021 and 2020, respectively. A liability for payment of the RSTUs is included in other long-term liabilities on the condensed consolidated balance sheets in the amount of $0.7 million and $1.0 million as of October 31, 2021 and April 30, 2021, respectively.

Customer Receivables

Customer Receivables	6 Months Ended
	Oct. 31, 2021
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Customer Receivables	Customer Receivables The components of customer receivables were: October 31, April 30, (in thousands) 2021 2021 Gross customer receivables $ 159,766 $ 156,187 Less: Allowance for doubtful accounts (229) (331) Allowance for returns and discounts (10,346) (8,990) Net customer receivables $ 149,191 $ 146,866

Inventories

Inventories	6 Months Ended
	Oct. 31, 2021
Inventory, Net [Abstract]
Inventories	Inventories The components of inventories were: October 31, April 30, (in thousands) 2021 2021 Raw materials $ 89,596 $ 63,384 Work-in-process 55,451 51,176 Finished goods 45,951 43,607 Total inventories $ 190,998 $ 158,167 Effective May 1, 2021, the Company changed its accounting principle for inventory valuation for inventories which previously utilized a LIFO basis to a FIFO basis.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The components of property, plant and equipment were: October 31, April 30, (in thousands) 2021 2021 Land $ 4,431 $ 4,431 Buildings and improvements 117,566 116,103 Buildings and improvements - finance leases 11,636 11,636 Machinery and equipment 326,474 315,371 Machinery and equipment - finance leases 31,232 31,386 Construction in progress 32,096 22,669 523,435 501,596 Less accumulated amortization and depreciation (314,739) (297,594) Total $ 208,696 $ 204,002 Amortization and depreciation expense on property, plant and equipment amounted to $9.4 million and $10.6 million for the three months ended October 31, 2021 and 2020, respectively, and $19.1 million and $22.2 million for the six months ended October 31, 2021 and 2020, respectively. The three and six months ended October 31, 2020 includes accelerated depreciation expense of $0.2 million and $1.3 million, respectively, related to the closure of the plant located in Humboldt, Tennessee. Accumulated amortization on finance leases included in the above table amounted to $32.9 million and $33.0 million as of October 31, 2021 and April 30, 2021, respectively.

Intangibles

Intangibles	6 Months Ended
	Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles	Intangibles The customer relationship intangibles were: October 31, April 30, (in thousands) 2021 2021 Customer relationship intangibles $ 274,000 $ 274,000 Less accumulated amortization (175,056) (152,222) Total $ 98,944 $ 121,778 Customer relationship intangibles are amortized over the estimated useful lives on a straight-line basis over six years. Amortization expense for the three month periods ended October 31, 2021 and 2020 was $11.4 million and $12.3 million

Product Warranty

Product Warranty	6 Months Ended
	Oct. 31, 2021
Product Warranties Disclosures [Abstract]
Product Warranty	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, which is included in other accrued expenses on the unaudited condensed consolidated balance sheets: Six Months Ended October 31, (in thousands) 2021 2020 Beginning balance at May 1 $ 5,249 $ 3,753 Accrual 9,892 9,560 Settlements (9,198) (8,948) Ending balance at October 31 $ 5,943 $ 4,365

Pension Benefits

Pension Benefits	6 Months Ended
	Oct. 31, 2021
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Pension Benefits	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. On November 16, 2020, the Company filed an application with the Internal Revenue Service to terminate the American Woodmark Corporation Employee Pension Plan (the "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 Plan, of which $0.4 million and $0.6 million was incurred in the three and six months ended October 31, 2021, and $0.4 million was incurred in all of fiscal 2021. In connection with the Plan termination and in addition to the Plan termination costs, the Company may be required to make an additional funding contribution to the Plan in order to ensure the 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 cash available under our credit agreement, and the amount will vary depending on the lump sum distribution take rate and the interest rate on the Benefit Distribution Date. The expected Benefit Distribution Date is December 1, 2021. Net periodic pension benefit cost consisted of the following for the three- and six-month periods ended October 31, 2021 and 2020: Three Months Ended Six Months Ended October 31, October 31, (in thousands) 2021 2020 2021 2020 Interest cost $ 1,349 $ 1,166 $ 2,698 $ 2,331 Expected return on plan assets (1,543) (2,108) (3,086) (4,215) Recognized net actuarial loss 498 440 997 880 Net periodic pension benefit $ 304 $ (502) $ 609 $ (1,004)

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Oct. 31, 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 Company's financial instruments include cash and equivalents, marketable securities, and other investments; accounts receivable and accounts payable; interest rate swap and foreign exchange forward contracts; and short- and long-term debt. The carrying values of cash and equivalents, accounts receivable and payable, and short-term debt on the condensed consolidated balance sheets approximate their fair value due to the short maturities of these items. The interest rate swap and foreign exchange 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 October 31, 2021 and April 30, 2021 at fair value on a recurring basis (in thousands): Fair Value Measurements As of October 31, 2021 Level 1 Level 2 Level 3 ASSETS: Mutual funds $ 510 $ — $ — Interest rate swap contracts — 2,533 — Total assets at fair value $ 510 $ 2,533 $ — LIABILITIES: Foreign exchange forward contracts $ — $ 170 $ — As of April 30, 2021 Level 1 Level 2 Level 3 ASSETS: Mutual funds $ 642 $ — $ —

Loans Payable and Long-Term Deb

Loans Payable and Long-Term Debt	6 Months Ended
	Oct. 31, 2021
Debt Disclosure [Abstract]
Loans Payable and Long-Term Debt	Loans Payable and Long-Term Debt 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 available 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 its acquisition of RSI Home Products, Inc. ("RSI") in December 2017 and subsequent refinancing of RSI's debt. 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 October 31, 2021 and April 30, 2021, $237.5 million and $250.0 million, respectively, was outstanding on the Term Loan Facility. As of October 31, 2021 and April 30, 2021, $258.0 million and $264.0 million, respectively, was outstanding under the Revolving Facility. Outstanding letters of credit under the Revolving Facility were $9.0 million, leaving approximately $233.0 million in available capacity under the Revolving Facility as of October 31, 2021. 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 October 31, 2021, the applicable margin with respect to base rate loans and LIBOR loans was 0.50% and 1.50%, respectively, and the commitment fee was 0.15%. 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 October 31, 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.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Oct. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure	Derivative Financial InstrumentsInterest Rate Swap Contracts The Company enters into interest rate swap contracts to manage variability in the amount of known or expected cash payments related to portions of its variable rate debt. On May 28, 2021, the Company entered into four interest rate swaps with an aggregate notional amount of $200 million to hedge part of the variable rate interest payments under the Term Loan Facility. The interest rate swaps became effective on May 28, 2021 and will terminate on May 30, 2025. The interest rate swaps economically convert a portion of the variable rate debt to fixed rate debt. The Company receives floating interest payments monthly based on one-month LIBOR and pays a fixed rate of 0.5980% to the counterparty. The interest rate swaps are designated as cash flow hedges. Changes in fair value are recorded to other comprehensive income. The risk management objective in using interest rate swaps is to add stability to interest expense and to manage the Company's exposure to interest rate movements. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the contract agreements without exchange of the underlying notional amount. Realized gains or losses from interest rate swaps are recorded in earnings, as a component of interest expense, net to offset variability in interest expense associated with the underlying debt's cash flows. For the three- and six-month periods ended October 31, 2021, unrealized gains, net of deferred taxes, of $2.5 million and $1.9 million, respectively, were recorded in other comprehensive income, and $0.3 million and $0.4 million, respectively, of realized losses were reclassified out of accumulated other comprehensive loss to interest expense due to payments made to the swap counterparties. As of October 31, 2021, the Company anticipates reclassifying approximately $0.7 million of net hedging losses from accumulated other comprehensive loss into earnings during the next 12 months to offset the variability of the hedged items during this period. Since the Company did not have outstanding interest rate swaps in the prior year period, there were no gains or losses recorded for the six months ended October 31, 2020. Foreign Exchange Forward Contracts At October 31, 2021, the Company held forward contracts maturing from November 2021 to April 2022 to purchase 359.1 million Mexican pesos at exchange rates ranging from 20.53 to 20.91 Mexican pesos to one U.S. dollar. A liability of $0.2 million is recorded in other accrued expenses on the condensed consolidated balance sheet.

Income Taxes

Income Taxes	6 Months Ended
	Oct. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate for the three- and six-month period ended October 31, 2021 was 12.1% and 23.1%, respectivley, compared with 25.5% and 26.0% in the comparable period in the prior fiscal year. The effective rates for the three-and six-month periods ended October 31, 2021 were lower than the comparable period in the prior fiscal year due to the impact of discrete items on lower pretax income.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Oct. 31, 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 three and six months ended October 31, 2021 and 2020: Three Months Ended Six Months Ended October 31, October 31, (in thousands) 2021 2020 2021 2020 Home center retailers $ 215,342 $ 223,118 $ 424,666 $ 397,113 Builders 183,200 171,042 361,438 335,390 Independent dealers and distributors 54,621 54,423 109,640 106,167 Net Sales $ 453,163 $ 448,583 $ 895,744 $ 838,670

Concentration of Risk

Concentration of Risk	6 Months Ended
	Oct. 31, 2021
Risks and Uncertainties [Abstract]
Concentration of Risk	Concentration of Risks 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 with respect to 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 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. As of October 31, 2021, the Company's two largest customers, Customers A and B, represented 33.1% and 18.4% of the Company's gross customer receivables, respectively. As of October 31, 2020, Customers A and B represented 31.5% and 25.5% of the Company's gross customer receivables, respectively. The following table summarizes the percentage of net sales attributable to the Company's two largest customers for the three and six months ended October 31, 2021 and 2020: Three Months Ended Six Months Ended October 31, October 31, 2021 2020 2021 2020 Customer A 31.7% 30.5% 31.8% 29.2% Customer B 15.8% 19.2% 15.6% 18.1%

Leases

Leases	6 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Leases	Leases Operating Leases - Right-of-Use ("ROU") assets related to operating leases are presented as operating lease right-of-use assets on the unaudited condensed consolidated balance sheets. Lease liabilities related to operating leases with remaining lease terms less than twelve months are presented in short-term lease liability - operating and operating leases with remaining lease terms greater than twelve months are presented in long-term lease liability - operating on the unaudited condensed consolidated balance sheets. 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 unaudited condensed 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 unaudited condensed consolidated balance sheets. 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: Six Months Ended October 31, (in thousands) 2021 2020 Finance lease cost: Reduction in the carrying value of right-of-use assets $ 623 $ 222 Interest on lease liabilities $ 52 $ 30 Operating lease cost $ 13,983 $ 13,366 Additional information related to leases was as follows: Six Months Ended October 31, (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases $ 52 $ 30 Operating cash flows for operating leases $ 12,798 $ 12,164 Financing cash flows for financing leases $ 607 $ 210 Right-of-use assets obtained in exchange for new finance lease liabilities $ 1,100 $ 941 Right-of-use assets obtained in exchange for new operating lease liabilities $ 6,147 $ 6,788 Weighted average remaining lease term (years) Weighted average remaining lease term - finance leases 2.63 3.18 Weighted average remaining lease term - operating leases 6.16 7.08 Weighted average discount rate Weighted average discount rate - finance leases 2.86 % 3.02 % Weighted average discount rate - operating leases 3.15 % 3.31 % 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 unaudited condensed consolidated balance sheet as of October 31, 2021: (in thousands) Operating leases Financing leases Year ending April 30, 2022 $ 12,227 $ 1,195 2023 24,735 2,112 2024 22,779 1,732 2025 19,208 442 2026 18,848 109 Thereafter 41,168 — Total lease payments 138,965 5,590 Less imputed interest (12,994) (203) Total lease liability 125,971 5,387 Current maturities (21,538) (2,160) Lease liability - long-term $ 104,433 $ 3,227 Lease assets $ 118,283 $ 9,999
Leases	Leases Operating Leases - Right-of-Use ("ROU") assets related to operating leases are presented as operating lease right-of-use assets on the unaudited condensed consolidated balance sheets. Lease liabilities related to operating leases with remaining lease terms less than twelve months are presented in short-term lease liability - operating and operating leases with remaining lease terms greater than twelve months are presented in long-term lease liability - operating on the unaudited condensed consolidated balance sheets. 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 unaudited condensed 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 unaudited condensed consolidated balance sheets. 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: Six Months Ended October 31, (in thousands) 2021 2020 Finance lease cost: Reduction in the carrying value of right-of-use assets $ 623 $ 222 Interest on lease liabilities $ 52 $ 30 Operating lease cost $ 13,983 $ 13,366 Additional information related to leases was as follows: Six Months Ended October 31, (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases $ 52 $ 30 Operating cash flows for operating leases $ 12,798 $ 12,164 Financing cash flows for financing leases $ 607 $ 210 Right-of-use assets obtained in exchange for new finance lease liabilities $ 1,100 $ 941 Right-of-use assets obtained in exchange for new operating lease liabilities $ 6,147 $ 6,788 Weighted average remaining lease term (years) Weighted average remaining lease term - finance leases 2.63 3.18 Weighted average remaining lease term - operating leases 6.16 7.08 Weighted average discount rate Weighted average discount rate - finance leases 2.86 % 3.02 % Weighted average discount rate - operating leases 3.15 % 3.31 % 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 unaudited condensed consolidated balance sheet as of October 31, 2021: (in thousands) Operating leases Financing leases Year ending April 30, 2022 $ 12,227 $ 1,195 2023 24,735 2,112 2024 22,779 1,732 2025 19,208 442 2026 18,848 109 Thereafter 41,168 — Total lease payments 138,965 5,590 Less imputed interest (12,994) (203) Total lease liability 125,971 5,387 Current maturities (21,538) (2,160) Lease liability - long-term $ 104,433 $ 3,227 Lease assets $ 118,283 $ 9,999

Restructuring

Restructuring	6 Months Ended
	Oct. 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring	RestructuringIn the fourth quarter of fiscal 2020 and 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, respectively. During the second quarter and first half of fiscal 2021, the Company recognized pre-tax restructuring charges, net of $(0.1) million and $1.6 million related to these reductions in force, which were primarily severance and separation costs.During June 2020, the Company's Board of Directors 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 the second quarter and first half of fiscal 2022 and 2021, the Company recognized pre-tax restructuring charges, net of $0.0 million and $2.9 million for the three months ended October 31, 2021 and 2020, respectively, and $0.3 million and $4.7 million for the six months ended October 31, 2021 and 2020, respectively, related to the closure of the plant.

Other Information

Other Information	6 Months Ended
	Oct. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Other Information	Other Information 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 FASB Accounting Standards Codification Topic 450, "Contingencies," 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 consults with outside counsel. The Company believes that the aggregate range of loss stemming from the various suits and asserted and unasserted claims that were deemed to be either probable or reasonably possible was not material as of October 31, 2021.

New Accounting Pronouncements L

New Accounting Pronouncements Lessee Operating leases (Policies)	6 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Leases	Operating Leases - Right-of-Use ("ROU") assets related to operating leases are presented as operating lease right-of-use assets on the unaudited condensed consolidated balance sheets. Lease liabilities related to operating leases with remaining lease terms less than twelve months are presented in short-term lease liability - operating and operating leases with remaining lease terms greater than twelve months are presented in long-term lease liability - operating on the unaudited condensed consolidated balance sheets.

Leases, Codification Topic 842

Leases, Codification Topic 842 (Policies)	6 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Leases	Operating Leases - Right-of-Use ("ROU") assets related to operating leases are presented as operating lease right-of-use assets on the unaudited condensed consolidated balance sheets. Lease liabilities related to operating leases with remaining lease terms less than twelve months are presented in short-term lease liability - operating and operating leases with remaining lease terms greater than twelve months are presented in long-term lease liability - operating on the unaudited condensed consolidated balance sheets.

Net Earnings Per Share (Tables)

Net Earnings Per Share (Tables)	6 Months Ended
	Oct. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted net earnings per share: Three Months Ended Six Months Ended October 31, October 31, (in thousands, except per share amounts) 2021 2020 2021 2020 Numerator used in basic and diluted net earnings per common share: Net income $ 2,030 $ 23,122 $ 5,011 $ 39,181 Denominator: Denominator for basic net earnings per common share - weighted-average shares 16,567 16,992 16,614 16,965 Effect of dilutive securities: Stock options and restricted stock units 39 55 49 72 Denominator for diluted net earnings per common share - weighted-average shares and assumed conversions 16,606 17,047 16,663 17,037 Net earnings per share Basic $ 0.12 $ 1.36 $ 0.30 $ 2.31 Diluted $ 0.12 $ 1.36 $ 0.30 $ 2.30

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Oct. 31, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation Expense Allocated	For the three- and six-month periods ended October 31, 2021 and 2020, stock-based compensation expense was allocated as follows: Three Months Ended Six Months Ended October 31, October 31, (in thousands) 2021 2020 2021 2020 Cost of sales and distribution $ 326 $ 409 $ 675 $ 708 Selling and marketing expenses 343 354 662 333 General and administrative expenses 547 503 1,056 1,186 Stock-based compensation expense $ 1,216 $ 1,266 $ 2,393 $ 2,227

Customer Receivables (Tables)

Customer Receivables (Tables)	6 Months Ended
	Oct. 31, 2021
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Components of Customer Receivables	The components of customer receivables were: October 31, April 30, (in thousands) 2021 2021 Gross customer receivables $ 159,766 $ 156,187 Less: Allowance for doubtful accounts (229) (331) Allowance for returns and discounts (10,346) (8,990) Net customer receivables $ 149,191 $ 146,866

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Oct. 31, 2021
Inventory, Net [Abstract]
Components of Inventories	The components of inventories were: October 31, April 30, (in thousands) 2021 2021 Raw materials $ 89,596 $ 63,384 Work-in-process 55,451 51,176 Finished goods 45,951 43,607 Total inventories $ 190,998 $ 158,167

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
Components Of Property, Plant And Equipment	The components of property, plant and equipment were: October 31, April 30, (in thousands) 2021 2021 Land $ 4,431 $ 4,431 Buildings and improvements 117,566 116,103 Buildings and improvements - finance leases 11,636 11,636 Machinery and equipment 326,474 315,371 Machinery and equipment - finance leases 31,232 31,386 Construction in progress 32,096 22,669 523,435 501,596 Less accumulated amortization and depreciation (314,739) (297,594) Total $ 208,696 $ 204,002

Intangibles (Tables)

Intangibles (Tables)	6 Months Ended
	Oct. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Intangible Assets	The customer relationship intangibles were: October 31, April 30, (in thousands) 2021 2021 Customer relationship intangibles $ 274,000 $ 274,000 Less accumulated amortization (175,056) (152,222) Total $ 98,944 $ 121,778

Product Warranty (Tables)

Product Warranty (Tables)	6 Months Ended
	Oct. 31, 2020
Product Warranties Disclosures [Abstract]
Schedule of Warranty Liability	The following is a reconciliation of the Company's warranty liability, which is included in other accrued expenses on the unaudited condensed consolidated balance sheets: Six Months Ended October 31, (in thousands) 2021 2020 Beginning balance at May 1 $ 5,249 $ 3,753 Accrual 9,892 9,560 Settlements (9,198) (8,948) Ending balance at October 31 $ 5,943 $ 4,365

Pension Benefits (Tables)

Pension Benefits (Tables)	6 Months Ended
	Oct. 31, 2021
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Net Periodic Pension (Benefit) Cost	Net periodic pension benefit cost consisted of the following for the three- and six-month periods ended October 31, 2021 and 2020: Three Months Ended Six Months Ended October 31, October 31, (in thousands) 2021 2020 2021 2020 Interest cost $ 1,349 $ 1,166 $ 2,698 $ 2,331 Expected return on plan assets (1,543) (2,108) (3,086) (4,215) Recognized net actuarial loss 498 440 997 880 Net periodic pension benefit $ 304 $ (502) $ 609 $ (1,004)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Oct. 31, 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 October 31, 2021 and April 30, 2021 at fair value on a recurring basis (in thousands): Fair Value Measurements As of October 31, 2021 Level 1 Level 2 Level 3 ASSETS: Mutual funds $ 510 $ — $ — Interest rate swap contracts — 2,533 — Total assets at fair value $ 510 $ 2,533 $ — LIABILITIES: Foreign exchange forward contracts $ — $ 170 $ — As of April 30, 2021 Level 1 Level 2 Level 3 ASSETS: Mutual funds $ 642 $ — $ —

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Oct. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates our consolidated revenue by major sales distribution channels for the three and six months ended October 31, 2021 and 2020: Three Months Ended Six Months Ended October 31, October 31, (in thousands) 2021 2020 2021 2020 Home center retailers $ 215,342 $ 223,118 $ 424,666 $ 397,113 Builders 183,200 171,042 361,438 335,390 Independent dealers and distributors 54,621 54,423 109,640 106,167 Net Sales $ 453,163 $ 448,583 $ 895,744 $ 838,670

Concentration of Risk (Tables)

Concentration of Risk (Tables)	6 Months Ended
	Oct. 31, 2021
Risks and Uncertainties [Abstract]
Summary Of Percentage Of Sales	The following table summarizes the percentage of net sales attributable to the Company's two largest customers for the three and six months ended October 31, 2021 and 2020: Three Months Ended Six Months Ended October 31, October 31, 2021 2020 2021 2020 Customer A 31.7% 30.5% 31.8% 29.2% Customer B 15.8% 19.2% 15.6% 18.1%

Leases (Tables)

Leases (Tables)	6 Months Ended
	Oct. 31, 2021
Leases [Abstract]
Components of Lease Costs and Additional Information	The components of lease costs were as follows: Six Months Ended October 31, (in thousands) 2021 2020 Finance lease cost: Reduction in the carrying value of right-of-use assets $ 623 $ 222 Interest on lease liabilities $ 52 $ 30 Operating lease cost $ 13,983 $ 13,366 Additional information related to leases was as follows: Six Months Ended October 31, (in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for finance leases $ 52 $ 30 Operating cash flows for operating leases $ 12,798 $ 12,164 Financing cash flows for financing leases $ 607 $ 210 Right-of-use assets obtained in exchange for new finance lease liabilities $ 1,100 $ 941 Right-of-use assets obtained in exchange for new operating lease liabilities $ 6,147 $ 6,788 Weighted average remaining lease term (years) Weighted average remaining lease term - finance leases 2.63 3.18 Weighted average remaining lease term - operating leases 6.16 7.08 Weighted average discount rate Weighted average discount rate - finance leases 2.86 % 3.02 % Weighted average discount rate - operating leases 3.15 % 3.31 %
Reconciliation of Future Undiscounted Cash Flows to Operating Lease Liabilities	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 unaudited condensed consolidated balance sheet as of October 31, 2021: (in thousands) Operating leases Financing leases Year ending April 30, 2022 $ 12,227 $ 1,195 2023 24,735 2,112 2024 22,779 1,732 2025 19,208 442 2026 18,848 109 Thereafter 41,168 — Total lease payments 138,965 5,590 Less imputed interest (12,994) (203) Total lease liability 125,971 5,387 Current maturities (21,538) (2,160) Lease liability - long-term $ 104,433 $ 3,227 Lease assets $ 118,283 $ 9,999
Reconciliation of Future Undiscounted Cash Flows to Finance Lease Liabilities	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 unaudited condensed consolidated balance sheet as of October 31, 2021: (in thousands) Operating leases Financing leases Year ending April 30, 2022 $ 12,227 $ 1,195 2023 24,735 2,112 2024 22,779 1,732 2025 19,208 442 2026 18,848 109 Thereafter 41,168 — Total lease payments 138,965 5,590 Less imputed interest (12,994) (203) Total lease liability 125,971 5,387 Current maturities (21,538) (2,160) Lease liability - long-term $ 104,433 $ 3,227 Lease assets $ 118,283 $ 9,999

Restructuring Charges Restructu

Restructuring Charges Restructuring Charges (Tables)	6 Months Ended
	Oct. 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring Charges Reserve

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($)	3 Months Ended				6 Months Ended
	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Operating income	$ 5,533,000		$ 36,044,000		$ 11,989,000	$ 62,270,000
Net income	$ 2,030,000	$ 2,981,000	$ 23,122,000	$ 16,059,000	$ 5,011,000	$ 39,181,000
Earnings per share, basic (in usd per share)	$ 0.12		$ 1.36		$ 0.30	$ 2.31
Earnings per share, diluted (in usd per share)	$ 0.12		$ 1.36		$ 0.30	$ 2.30
Impairment charges related to goodwill	$ 0		$ 0		$ 0	$ 0
Revision of Prior Period, Change in Accounting Principle, Adjustment
Finite-Lived Intangible Assets [Line Items]
Operating income	3,000,000
Net income	$ 2,200,000
Earnings per share, basic (in usd per share)	$ 0.13
Earnings per share, diluted (in usd per share)	$ 0.13
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Impairment charges related to other intangible assets	$ 0		$ 0		$ 0	$ 0
Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives					6 years

Net Earnings Per Share (Schedul

Net Earnings Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Attributable to Parent	$ 2,030	$ 2,981	$ 23,122	$ 16,059	$ 5,011	$ 39,181
Denominator for basic net earnings per common share - weighted-average shares	16,567,391		16,992,297		16,614,112	16,964,565
Effect of dilutive securities:
Stock options and restricted stock units	39,000		55,000		49,000	72,000
Diluted (in shares)	16,605,911		17,047,296		16,662,791	17,036,652
Net earnings per share
Basic (in usd per share)	$ 0.12		$ 1.36		$ 0.30	$ 2.31
Diluted (in usd per share)	$ 0.12		$ 1.36		$ 0.30	$ 2.30
Stock excluded from the calculation of net earnings per share (shares)	0		0		0	0

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,216	$ 1,266	$ 2,393	$ 2,227
Liability for payment of the RSTUs	44,738		$ 44,738		$ 58,577
Employee Service-Based RSUs [Member] | 2016 employee stock incentive plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awarded in period (shares)			30,984
Employee Performance-Based RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issuable per RSU granted (shares)			1
Employee Performance-Based RSUs [Member] | 2016 employee stock incentive plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awarded in period (shares)			57,476
Employee Performance-Based RSTUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units non vested grants (shares)			5,794
Employee Service-Based RSTUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units non vested grants (shares)			3,096
RSTUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	100	$ 200	$ 0	$ 400
Liability for payment of the RSTUs	$ 700		$ 700		$ 1,000
Non-Employee Service-Based Restricted Stock Units | 2015 non-employee directors equity ownership plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awarded in period (shares)	10,320
Cliff Vest [Member] | RSUs [Member] | 2016 employee stock incentive plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, years			3 years
Cliff Vest [Member] | RSTUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, years			3 years
Daily Vest | RSUs [Member] | 2015 non-employee directors equity ownership plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, years			2 years

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock-Based Compensation Expense Allocated) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1,216	$ 1,266	$ 2,393	$ 2,227
Cost of Sales and Distribution [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	326	409	675	708
Selling and Marketing Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	343	354	662	333
General and Administrative Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 547	$ 503	$ 1,056	$ 1,186

Customer Receivables (Component

Customer Receivables (Components Of Customer Receivables ) (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Apr. 30, 2021
Accounts Receivable, after Allowance for Credit Loss [Abstract]
Gross customer receivables	$ 159,766	$ 156,187
Less:
Allowance for doubtful accounts	(229)	(331)
Allowance for returns and discounts	(10,346)	(8,990)
Net customer receivables	$ 149,191	$ 146,866

Inventories (Components Of Inve

Inventories (Components Of Inventories) (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Apr. 30, 2021
Inventory, Net [Abstract]
Raw materials	$ 89,596	$ 63,384
Work-in-process	55,451	51,176
Finished goods	45,951	43,607
Inventories	$ 190,998	$ 158,167

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Apr. 30, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 523,435		$ 523,435		$ 501,596
Less accumulated amortization and depreciation	(314,739)		(314,739)		(297,594)
Property, Plant and Equipment, Net, Total	208,696		208,696		204,002
Amortization and depreciation expense on property, plant and equipment	9,400	$ 10,600	19,100	$ 22,200
Finance Lease, Right-of-Use Asset, Accumulated Amortization	32,900		32,900		33,000
Humboldt Facility
Property, Plant and Equipment [Line Items]
Depreciation		$ 200		$ 1,300
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,431		4,431		4,431
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	117,566		117,566		116,103
Buildings and improvements - finance leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	11,636		11,636		11,636
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	326,474		326,474		315,371
Machinery and equipment - finance leases
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	31,232		31,232		31,386
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 32,096		$ 32,096		$ 22,669

Intangibles (Schedule of Intang

Intangibles (Schedule of Intangible Assets) (Details) - Customer relationships - USD ($) $ in Thousands	Oct. 31, 2021	Apr. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Intangibles, gross	$ 274,000	$ 274,000
Less accumulated amortization	(175,056)	(152,222)
Intangibles, net	$ 98,944	$ 121,778

Intangibles (Narrative) (Detail

Intangibles (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 11,400	$ 12,300	$ 22,800	$ 24,500
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful lives			6 years

Product Warranty (Schedule Of W

Product Warranty (Schedule Of Warranty Liability) (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Product Warranties Disclosures [Abstract]
Warranty claims period	2 months
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning balance	$ 5,249	$ 3,753
Accrual	9,892	9,560
Settlements	(9,198)	(8,948)
Ending balance	$ 5,943	$ 4,365

Pension Benefits (Net Periodic

Pension Benefits (Net Periodic Pension Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Interest cost	$ 1,349	$ 1,166	$ 2,698	$ 2,331
Expected return on plan assets	(1,543)	(2,108)	(3,086)	(4,215)
Recognized net actuarial loss	498	440	997	880
Net periodic pension benefit	$ 304	$ (502)	$ 609	$ (1,004)

Pension Benefits (Narrative) (D

Pension Benefits (Narrative) (Details) $ in Thousands	Dec. 30, 2020USD ($)	Apr. 30, 2020plan	Oct. 31, 2021USD ($)	Oct. 31, 2021USD ($)	Apr. 30, 2021USD ($)	Apr. 30, 2020plan
Defined Benefit Plan Disclosure [Line Items]
Number of defined benefit pension plans | plan		1				2
Pension contribution				$ 0	$ 0
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Expected termination costs	$ 1,600		$ 400	$ 600	$ 400

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Of Assets On Recurring Basis) (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Apr. 30, 2021
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 0
Total assets at fair value	510
Foreign exchange forward contracts	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	2,533
Total assets at fair value	2,533
Foreign exchange forward contracts	170
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	0
Total assets at fair value	0
Foreign exchange forward contracts	0
Mutual funds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents, at fair value	510	$ 642
Mutual funds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents, at fair value	0	0
Mutual funds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents, at fair value	$ 0	$ 0

Loans Payable and Long-Term D_2

Loans Payable and Long-Term Debt (Details) - USD ($)	Apr. 26, 2021	Apr. 22, 2021	Dec. 29, 2017	Oct. 31, 2021	Apr. 30, 2021	Feb. 12, 2018
Loans Payable [Member] | Initial Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 250,000,000
Proceeds from loan			250,000,000
Loans Payable [Member] | Delayed Draw Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			250,000,000
Loans Payable [Member] | Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount		$ 250,000,000
Proceeds from loan		250,000,000
Outstanding on the Initial Term Loan				$ 237,500,000	$ 250,000,000
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	102.438%
Senior Notes [Member] | 4.875% Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Debt instrument, face amount						$ 350,000,000
Debt Instrument, Interest Rate, Stated Percentage						4.875%
Revolving loan facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		500,000,000	100,000,000
Proceeds from loan		264,000,000	50,000,000
Outstanding on the Revolving Facility				$ 258,000,000	264,000,000
Credit facility, commitment fee percentage				15.00%
Line of Credit Facility, Remaining Borrowing Capacity				$ 233,000,000	227,700,000
Consolidated Interest Coverage Ratio				2
Total Net Leverage Ratio				4
Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 25,000,000
Outstanding on the Revolving Facility				$ 9,000,000	$ 8,300,000
Line of Credit
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity		$ 50,000,000
Base Rate [Member] | Revolving loan facility [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate				0.50%
London Interbank Offered Rate (LIBOR) [Member] | Revolving loan facility [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate				1.50%

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021USD ($)	Oct. 31, 2020USD ($)	Oct. 31, 2021USD ($)	Oct. 31, 2020USD ($)	May 28, 2021USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in cash flow hedges (swap), net of deferred taxes of $641 for the three and six months ended October 31, 2021, respectively	$ 2,465	$ 0	$ 1,892	$ 0
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			700
Gain (Loss) on Derivative Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	300		400
Other Comprehensive Income (Loss) | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Change in cash flow hedges (swap), net of deferred taxes of $641 for the three and six months ended October 31, 2021, respectively	2,500		1,900
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Fixed Interest Rate					0.598%
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount					$ 200,000
Foreign Exchange Forward | Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	359,100		359,100
Foreign Exchange Forward | Not Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, fair value, gross asset	$ 200		$ 200
Foreign Exchange Forward | Not Designated as Hedging Instrument | Minimum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, forward exchange rate	20.53		20.53
Foreign Exchange Forward | Not Designated as Hedging Instrument | Maximum | Long
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, forward exchange rate	20.91		20.91

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate (as a percent)	12.10%	25.50%	23.10%	26.00%

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Disaggregation of Revenue [Line Items]
Net sales	$ 453,163	$ 448,583	$ 895,744	$ 838,670
Home center retailers
Disaggregation of Revenue [Line Items]
Net sales	215,342	223,118	424,666	397,113
Builders
Disaggregation of Revenue [Line Items]
Net sales	183,200	171,042	361,438	335,390
Independent dealers and distributors
Disaggregation of Revenue [Line Items]
Net sales	$ 54,621	$ 54,423	$ 109,640	$ 106,167

Concentration of Risk (Details)

Concentration of Risk (Details) - Customer Concentration Risk	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Customer receivables | Customer A
Concentration Risk [Line Items]
Concentration risk (as a percent)			33.10%	31.50%
Customer receivables | Customer B
Concentration Risk [Line Items]
Concentration risk (as a percent)			18.40%	25.50%
Sales revenue, gross | Customer A
Concentration Risk [Line Items]
Concentration risk (as a percent)	31.70%	30.50%	31.80%	29.20%
Sales revenue, gross | Customer B
Concentration Risk [Line Items]
Concentration risk (as a percent)	15.80%	19.20%	15.60%	18.10%

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$ 623	$ 222
Interest on lease liabilities	52	30
Operating lease cost	$ 13,983	$ 13,366

Leases - Additional Information

Leases - Additional Information Related to Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Cash Paid For Amounts Included In The Measurement Of Lease Liabilities [Abstract]
Operating cash flows for finance leases	$ 52	$ 30
Operating cash flows for operating leases	12,798	12,164
Financing cash flows for financing leases	607	210
Right-of-use assets obtained in exchange for new finance lease liabilities	1,100	941
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 6,147	$ 6,788
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	2 years 7 months 17 days	3 years 2 months 4 days
Weighted average remaining lease term - operating leases	6 years 1 month 28 days	7 years 29 days
Weighted average discount rate
Weighted average discount rate - finance leases (as a percent)	2.86%	3.02%
Weighted average discount rate - operating leases (as a percent)	3.15%	3.31%

Leases - Reconciliation of Futu

Leases - Reconciliation of Future Undiscounted Cash Flows to Operating and Finance Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Apr. 30, 2021
Operating leases
2022	$ 12,227
2023	24,735
2024	22,779
2025	19,208
2026	18,848
Thereafter	41,168
Total lease payments	138,965
Less imputed interest	(12,994)
Operating lease liabilities	125,971
Current maturities	(21,538)	$ (19,994)
Long-term lease liability - operating	104,433	109,628
Lease assets	118,283	$ 123,118
Financing leases
2022	1,195
2023	2,112
2024	1,732
2025	442
2026	109
Thereafter	0
Total lease payments	5,590
Less imputed interest	(203)
Finance Lease, Liability	5,387
Current maturities	(2,160)
Lease liability - long-term	3,227
Lease assets	$ 9,999

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ (3)	$ 2,791	$ 310	$ 6,251
Manufacturing Plant Closure
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 0	2,900	$ 300	4,700
Facility Closing | Discontinued Operations, Disposed of by Sale | Humboldt Facility
Restructuring Cost and Reserve [Line Items]
Gain (Loss) on Disposition of Business		2,300
Employee Severance | Nationwide Reductions In Force
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net		$ (100)		$ 1,600