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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jul. 25, 2020
Jul. 27, 2019
Cash flows from operating activities    
Net income $ 4,679 $ 17,988
Adjustments to reconcile net income to cash provided by (used for) operating activities    
(Gain)/loss on disposal of assets 14 (536)
Gain on sale of investments (108) (4)
Change in deferred taxes 785 (677)
Provision for doubtful accounts (1,575) 116
Depreciation and amortization 8,119 7,298
Equity-based compensation expense 2,047 1,675
Change in receivables 3,745 8,535
Change in inventories 1,686 (527)
Change in right-of-use lease assets 16,469 16,101
Change in other assets 4,031 (8,792)
Change in payables 8,864 (1,391)
Change in lease liabilities (15,857) (16,418)
Change in other liabilities 73,401 (4,028)
Net cash provided by operating activities 106,300 19,340
Cash flows from investing activities    
Proceeds from disposals of assets 10 22
Proceeds from insurance 0 642
Capital expenditures (9,810) (12,299)
Purchases of investments (3,623) (5,288)
Proceeds from sales of investments 14,671 4,060
Acquisitions (437) (5,438)
Net cash provided by (used for) investing activities 811 (18,301)
Cash flows from financing activities    
Payments on debt and finance lease liabilities (25,013) (47)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes (1,749) (1,417)
Purchases of common stock 0 (12,313)
Dividends paid to shareholders 0 (6,112)
Dividends paid to minority interest joint venture partners [1] (8,507) 0
Net cash used for financing activities (35,269) (19,889)
Effect of exchange rate changes on cash and equivalents 1,310 655
Change in cash, cash equivalents and restricted cash 73,152 (18,195)
Cash, cash equivalents and restricted cash at beginning of period 263,528 131,787
Cash, cash equivalents and restricted cash at end of period 336,680 113,592
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 881 $ 2,416
[1]
Includes dividends paid to joint venture minority partners resulting from the repatriation of dividends from our foreign earnings that we no longer consider permanently reinvested.