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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities:    
Net income $ 11,806 $ 17,157
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 12,550 15,112
Loss on sale/disposition of assets 127  
Provision for credit losses on accounts receivable (8) 23
Deferred income taxes 63 (780)
Stock-based compensation expense 2,336 2,100
Changes in operating assets and liabilities:    
Accounts receivable (7,851) (19,356)
Inventories (45,275) (13,691)
Prepaid expenses and other current assets (2,574) (3,537)
Income taxes (580) 1,182
Accounts payable 3,789 7,724
Accrued payroll and incentives (2,956) 4,140
Right of use assets 1,224 927
Accrued profit sharing (1,005) 961
Accrued expenses 4,024 5,919
Other assets (308) (15)
Lease liabilities (1,351) (1,097)
Other non-current liabilities (197) 288
Net cash (used in)/provided by operating activities (26,186) 17,057
Cash flows from investing activities:    
Payments to acquire patents and software (449) (463)
Payments to acquire property and equipment (4,262) (2,600)
Net cash used in investing activities (4,711) (3,063)
Cash flows from financing activities:    
Payments to acquire treasury stock (7,011)  
Net transfers from former Parent   31,706
Cash paid for debt issuance costs   (410)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan 413  
Payment of employee withholding tax related to restricted stock units (528) (14)
Net cash (used in)/provided by financing activities (7,126) 31,282
Net (decrease)/increase in cash and cash equivalents (38,023) 45,276
Cash and cash equivalents, beginning of period 60,801 234
Cash and cash equivalents, end of period 22,778 45,510
Supplemental disclosure of cash flow information Cash paid for:    
Interest 114 61
Income taxes 3,792 3,680
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Purchases of property and equipment and intangibles included in accounts payable 887 4
Non-cash transfers to/from former Parent   1,398
Changes in right of use assets for operating lease obligations 158 23,940
Changes in lease liabilities for operating lease obligations $ 158 $ 23,940