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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 29, 2023
Apr. 30, 2022
Apr. 24, 2021
Cash flows from operating activities      
Net income $ 151,941 $ 152,328 $ 107,529
Adjustments to reconcile net income to cash provided by operating activities      
(Gain)/loss on disposal and impairment of assets 6,365 (13,657) (37)
(Gain)/loss on sale of investments 148 (478) (954)
Provision for doubtful accounts 1,546 (617) (3,169)
Depreciation and amortization 40,193 39,771 33,021
Amortization of right-of-use lease assets 76,511 72,942 65,571
Lease impairment 1,347 0 0
Equity-based compensation expense 12,458 11,858 12,671
Change in deferred taxes 3,895 1,022 8,790
Change in receivables 53,675 (41,829) (38,288)
Change in inventories 32,311 (72,022) (40,727)
Change in other assets 24,377 (16,232) 2,926
Change in payables 4,586 6,326 37,068
Change in lease liabilities (77,811) (73,805) (65,881)
Change in other liabilities (126,375) 13,397 191,397
Net cash provided by operating activities 205,167 79,004 309,917
Cash flows from investing activities      
Proceeds from disposals of assets 136 22,588 2,770
Capital expenditures (68,812) (76,580) (37,960)
Purchases of investments (9,092) (34,152) (39,584)
Proceeds from sales of investments 24,483 36,096 36,071
Acquisitions (16,835) (26,323) (2,000)
Net cash used for investing activities (70,120) (78,371) (40,703)
Cash flows from financing activities      
Payments on debt and finance lease liabilities (123) (121) (75,050)
Holdback payments for acquisitions (5,000) (23,000) (5,783)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 2,857 (1,818) 9,030
Repurchases of common stock (5,004) (90,645) (44,202)
Dividends paid to shareholders (29,869) (27,717) (16,542)
Dividends paid to minority interest joint venture partners [1] 0 (1,260) (8,507)
Net cash used for financing activities (37,139) (144,561) (141,054)
Effect of exchange rate changes on cash and equivalents (86) (1,919) 3,015
Change in cash, cash equivalents and restricted cash 97,822 (145,847) 131,175
Cash, cash equivalents and restricted cash at beginning of period 248,856 394,703 263,528
Cash, cash equivalents and restricted cash at end of period 346,678 248,856 394,703
Supplemental disclosure of non-cash investing activities      
Capital expenditures included in accounts payable $ 8,208 $ 9,234 $ 4,638
[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.