5. Retail Acquisitions and Goodwill
The goodwill amount presented on the financial statements primarily resulted from the acquisition of retail housing operations during fiscal years 2000 and 1999. The acquisitions were accounted for as purchases and were valued based on the estimated fair value of the assets acquired and liabilities assumed with respect to each acquisition at the dates of acquisition. Preliminary purchase price allocations were made pending subsequent settlements and earnouts based on performance in periods subsequent to acquisition.
    As of April 30, 2000, accumulated amortization totaled $11.8 million. Net goodwill from sources other than acquisitions of retail operations was $5.1 million, and almost entirely originated from the previous acquisition of a folding trailer operation.
    The Company periodically evaluates the recoverability of goodwill resulting from business acquisitions and measures the amount of impairment, if any, by assessing current and future levels of income and cash flows as well as other factors, such as business trends and prospects and market and economic conditions. In the opinion of management, there is no material impairment in the value of goodwill.
    Below is a summary of the details of retail housing acquisitions:

(Amounts in thousands)			2000			1999
Details of Acquisitions:
	Fair value of assets acquired	$	21,096		$	381,449
	Liabilities assumed		6,194			121,951
	Acquisition price		14,902			259,498
	Less cash acquired		(816)			(10,141)
	Less Common stock issued for acquisitions		(7,390)			(131,382)
	Net cash paid for acquisitions	$	6,696		$	117,975
Non-Cash Investing and Financing Activities:
	Common stock issued for acquisitions	$	7,390		$	131,38

Had the acquisitions occurred at the beginning of the prior fiscal year, the unaudited and pro forma results would be as follows:

(Amounts in thousands except per share data)		2000			1999
Net sales	$	3,716,301		$	3,583,971
Net income		94,709			117,472
Diluted earnings per share	$	2.41		$	2.83
Diluted weighted average shares outstanding		39,217			41,501