XML 22 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Apr. 28, 2012
Apr. 30, 2011
May 01, 2010
OPERATING ACTIVITIES      
Net income $ 8,137 $ 19,193 $ 13,781
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Loss on sale of fixed assets 118 73 0
Gain on the sale of discontinued business 0 (4,148) 0
Gain on investment in business 0 (165) 0
Gain on bargain purchase (255) 0 0
Provision for depreciation 14,348 13,354 17,112
Amortization of intangible assets 1,811 2,402 2,297
Impairment of tangible assets 0 1,299 710
Stock-based compensation 3,976 3,006 871
Provision for bad debt 495 249 142
Deferred income taxes (1,939) (5,207) 3,992
Changes in operating assets and liabilities:      
Accounts receivable (13,525) (17,846) (12,436)
Inventories (3,278) (8,710) 645
Prepaid expenses and other current assets (10,255) 13,841 (39)
Accounts payable and accrued expenses 25,192 (301) 291
NET CASH PROVIDED BY OPERATING ACTIVITIES 24,825 17,040 27,366
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (25,744) (15,223) (9,379)
Acquisition of businesses (6,353) (2,470) (325)
Acquisition of technology licenses 0 0 (530)
Proceeds from life insurance policies 0 1,515 2,464
NET CASH USED IN INVESTING ACTIVITIES (32,097) (16,178) (7,770)
FINANCING ACTIVITIES      
Proceeds from exercise of stock options 263 1,028 185
Tax expense from stock options and awards 0 0 (31)
Cash dividends (10,364) (10,329) (10,414)
Proceeds from borrowings 52,000 0 0
Repayment of borrowings (4,000) 0 0
NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES 37,899 (9,301) (10,260)
Effect of foreign currency exchange rate changes on cash (1,275) 2,063 455
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 29,352 (6,376) 9,791
Cash and cash equivalents at beginning of year 57,445 63,821 54,030
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 86,797 $ 57,445 $ 63,821