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PATTERSON COMPANIES, INC. (NASDAQ:PDCO) Files An 8-K Results of Operations and Financial Condition

PATTERSON COMPANIES, INC. (NASDAQ:PDCO) Files An 8-K Results of Operations and Financial Condition

Item 2.02

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On February 23, 2017, Patterson Companies, Inc. issued a press
release announcing its financial results for the third quarter of
fiscal year 2017 ended January 28, 2017. A copy of the press
release is furnished as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated by reference herein.
Item 2.06
MATERIAL IMPAIRMENTS
As disclosed in the press release attached hereto as Exhibit
99.1, based on its decision not to extend sales exclusivity for
the CEREC product component of its distribution arrangement with
Sirona, Patterson Companies, Inc. recorded a pre-tax non-cash
impairment charge of $36.3 million, or $23.0 million after taxes
or $0.24 per diluted share, in its fiscal 2017 third quarter. As
previously disclosed, management reviewed this conclusion with
the Audit Committee on November 18, 2016.
Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(d)
EXHIBITS
99.1
Press release of Patterson Companies, Inc., dated
February 23, 2017.

About PATTERSON COMPANIES, INC. (NASDAQ:PDCO)
Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America. The veterinary supply segment is a distributor of veterinary supplies, primarily to companion-pet (dogs, cats and other common household pets) and equine veterinary clinics. The rehabilitation supply segment provides a range of distributed and self-manufactured rehabilitation medical supplies and assistive products to acute care hospitals, long-term care facilities, rehabilitation clinics, dealers and schools. The Company’s operating units include Patterson Dental, Patterson Veterinary and Patterson Medical. PATTERSON COMPANIES, INC. (NASDAQ:PDCO) Recent Trading Information
PATTERSON COMPANIES, INC. (NASDAQ:PDCO) closed its last trading session up +0.25 at 44.85 with 1,604,581 shares trading hands.

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