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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Oct. 26, 2019
Oct. 27, 2018
Cash flows from operating activities    
Net income $ 40,892 $ 39,300
Adjustments to reconcile net income to cash provided by (used for) operating activities    
Gain on disposal of assets (283) (72)
Change in deferred taxes 273 1,572
Provision for doubtful accounts 350 315
Depreciation and amortization 14,936 15,541
Equity-based compensation expense 4,707 5,679
Pension plan contributions 0 (7,000)
Change in receivables (12,722) 122
Change in inventories (7,645) (15,037)
Change in other assets 28,136 (15,781)
Change in payables 3,854 6,034
Change in other liabilities (18,796) 15,411
Net cash provided by operating activities 53,702 46,084
Cash flows from investing activities    
Proceeds from disposals of assets 88 256
Proceeds from insurance 1,018 114
Capital expenditures (22,949) (26,926)
Purchases of investments (17,798) (5,193)
Proceeds from sales of investments 13,171 7,754
Acquisitions (5,875) (78,145)
Net cash used for investing activities (32,345) (102,140)
Cash flows from financing activities    
Net proceeds from credit facility 0 35,000
Payments on debt and finance lease liabilities (95) (116)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 571 4,039
Purchases of common stock (23,167) (11,610)
Dividends paid (12,151) (11,278)
Net cash (used for) provided by financing activities (34,842) 16,035
Effect of exchange rate changes on cash and equivalents 1,239 (982)
Change in cash, cash equivalents and restricted cash (12,246) (41,003)
Cash, cash equivalents and restricted cash at beginning of period 131,787 136,871
Cash, cash equivalents and restricted cash at end of period 119,541 95,868
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 5,805 $ 4,442