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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Oct. 28, 2017
Oct. 29, 2016
Cash flows from operating activities    
Net income $ 34,950 $ 35,113
Adjustments to reconcile net income to cash provided by (used for) operating activities    
Gain on disposal of assets (1,884) (62)
Gain on conversion of investment (2,204)  
Deferred income tax expense (403) 1,089
Provision for doubtful accounts 74 (18)
Depreciation and amortization 15,869 13,999
Equity-based compensation expense 6,410 5,880
Pension plan contributions (2,000) (2,300)
Change in receivables 6,165 784
Change in inventories (4,096) (3,747)
Change in other assets (7,935) (1,806)
Change in payables 2,136 1,549
Change in other liabilities 4,142 3,622
Net cash provided by operating activities 51,224 54,103
Cash flows from investing activities    
Proceeds from disposals of assets 608 143
Proceeds from property insurance 1,485  
Capital expenditures (16,372) (10,226)
Purchases of investments (18,507) (17,814)
Proceeds from sales of investments 11,529 9,757
Acquisitions, net of cash acquired (15,879) (15,997)
Net cash used for investing activities (37,136) (34,137)
Cash flows from financing activities    
Payments on debt (131) (156)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 356 1,371
Excess tax benefit on stock option exercises   1,826
Purchases of common stock (30,692) (19,766)
Dividends paid (10,648) (9,869)
Net cash used for financing activities (41,115) (26,594)
Effect of exchange rate changes on cash and equivalents 865 (149)
Change in cash, cash equivalents and restricted cash (26,162) (6,777)
Cash, cash equivalents and restricted cash at beginning of period 150,859 121,335
Cash, cash equivalents and restricted cash at end of period 124,697 114,558
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 1,631 $ 681