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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jul. 30, 2022
Jul. 24, 2021
Cash flows from operating activities    
Net income $ 38,940 $ 25,266
Adjustments to reconcile net income to cash provided by operating activities    
(Gain)/loss on disposal of assets (4) 44
(Gain)/loss on sale of investments 30 (256)
Provision for doubtful accounts 293 (611)
Depreciation and amortization 9,516 8,553
Amortization of right-of-use lease assets 18,845 17,245
Equity-based compensation expense 1,417 2,460
Change in deferred taxes 544 370
Change in receivables 25,098 (1,783)
Change in inventories (25,954) (38,921)
Change in other assets (1,229) (10,380)
Change in payables 22,113 24,767
Change in lease liabilities (19,256) (17,263)
Change in other liabilities (37,249) (3,328)
Net cash provided by operating activities 33,104 6,163
Cash flows from investing activities    
Proceeds from disposals of assets 46 8
Capital expenditures (20,999) (19,343)
Purchases of investments (2,176) (9,900)
Proceeds from sales of investments 4,421 9,716
Acquisitions (7,230) 0
Net cash used for investing activities (25,938) (19,519)
Cash flows from financing activities    
Payments on debt and finance lease liabilities (31) (30)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes (1,703) (2,228)
Repurchases of common stock (5,004) (35,640)
Dividends paid to shareholders (7,097) (6,777)
Net cash used for financing activities (13,835) (44,675)
Effect of exchange rate changes on cash and equivalents (750) (446)
Change in cash, cash equivalents and restricted cash (7,419) (58,477)
Cash, cash equivalents and restricted cash at beginning of period 248,856 394,703
Cash, cash equivalents and restricted cash at end of period 241,437 336,226
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 7,130 $ 3,957