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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 27, 2024
Apr. 29, 2023
Apr. 30, 2022
Cash flows from operating activities      
Net income $ 124,636 $ 151,941 $ 152,328
Adjustments to reconcile net income to cash provided by operating activities      
(Gain)/loss on disposal and impairment of assets 1,101 6,365 (13,657)
(Gain)/loss on sale of investments (1,199) 148 (478)
Provision for doubtful accounts 511 1,546 (617)
Depreciation and amortization 48,552 40,193 39,771
Amortization of right-of-use lease assets 76,133 76,511 72,942
Lease impairment/(settlement) (1,175) 1,347 0
Equity-based compensation expense 14,426 12,458 11,858
Change in deferred taxes (3,268) 3,895 1,022
Change in receivables (16,811) 53,675 (41,829)
Change in inventories 19,877 32,311 (72,022)
Change in other assets 10,303 24,377 (16,232)
Change in payables (8,606) 4,586 6,326
Change in lease liabilities (76,766) (77,811) (73,805)
Change in other liabilities (29,587) (126,375) 13,397
Net cash provided by operating activities 158,127 205,167 79,004
Cash flows from investing activities      
Proceeds from disposals of assets 4,972 136 22,588
Capital expenditures (53,551) (68,812) (76,580)
Purchases of investments (18,351) (9,092) (34,152)
Proceeds from sales of investments 24,816 24,483 36,096
Acquisitions (39,440) (16,835) (26,323)
Net cash used for investing activities (81,554) (70,120) (78,371)
Cash flows from financing activities      
Payments on debt and finance lease liabilities (489) (123) (121)
Holdback payments for acquisitions (5,000) (5,000) (23,000)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 10,872 2,857 (1,818)
Repurchases of common stock (52,773) (5,004) (90,645)
Dividends paid to shareholders (32,665) (29,869) (27,717)
Dividends paid to minority interest joint venture partners [1] (1,172) 0 (1,260)
Net cash used for financing activities (81,227) (37,139) (144,561)
Effect of exchange rate changes on cash and equivalents (926) (86) (1,919)
Change in cash, cash equivalents and restricted cash (5,580) 97,822 (145,847)
Cash, cash equivalents and restricted cash at beginning of period 346,678 248,856 394,703
Cash, cash equivalents and restricted cash at end of period 341,098 346,678 248,856
Supplemental disclosure of non-cash investing activities      
Capital expenditures included in accounts payable $ 5,952 $ 8,208 $ 9,234
[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.