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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Oct. 29, 2016
Oct. 24, 2015
Cash flows from operating activities    
Net income $ 35,113 $ 35,782
Adjustments to reconcile net income to cash provided by (used for) operating activities    
Deferred income tax expense 1,089 138
Provision for doubtful accounts (18) (426)
Depreciation and amortization 13,999 12,679
Equity-based compensation expense 5,880 5,123
Pension plan contributions (2,300) (7,000)
Change in receivables 784 4,980
Change in inventories (3,747) (21,501)
Change in other assets (1,868) (5,656)
Change in payables 1,549 (628)
Change in other liabilities 1,898 (1,768)
Net cash provided by operating activities 52,379 21,723
Cash flows from investing activities    
Proceeds from disposals of assets 143 2,491
Capital expenditures (10,226) (13,949)
Purchases of investments (17,814) (11,693)
Proceeds from sales of investments 9,757 19,409
Acquisitions, net of cash acquired (15,997) (19,232)
Change in restricted cash (10) 660
Net cash used for investing activities (34,147) (22,314)
Cash flows from financing activities    
Net proceeds from credit facility   4,000
Payments on debt (156) (283)
Stock issued for stock and employee benefit plans 3,095 253
Excess tax benefit on stock option exercises 1,826 392
Purchases of common stock (19,766) (18,461)
Dividends paid (9,869) (8,112)
Net cash used for financing activities (24,870) (22,211)
Effect of exchange rate changes on cash and equivalents (149) (934)
Change in cash and equivalents (6,787) (23,736)
Cash and equivalents at beginning of period 112,358 98,302
Cash and equivalents at end of period 105,571 $ 74,566
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 681