XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Operating activities:    
Net income $ 21.5 $ 29.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12.3 12.6
Stock-based compensation expense 4.0 4.0
Change in cash surrender value of life insurance 0.2 (0.4)
Amortization of debt issuance costs 0.2 0.2
Gain on sale of property, plant and equipment   (0.4)
Change in deferred income taxes (1.8) (0.1)
Other   0.1
Changes in operating assets and liabilities:    
Accounts receivable (11.9) 4.7
Inventories (17.4) (18.5)
Prepaid expenses and other assets (4.3) (5.0)
Accounts payable 10.5 (8.1)
Other liabilities (0.6) (8.5)
Net cash provided by operating activities 12.7 9.7
Investing activities:    
Purchases of property, plant and equipment (9.6) (15.9)
Sale of property, plant and equipment   0.5
Net cash used in investing activities (9.6) (15.4)
Financing activities:    
Taxes paid related to net share settlement of equity awards (0.5) (0.3)
Repayments of finance leases (0.1) (0.2)
Proceeds from exercise of stock options   0.5
Purchases of common stock (11.9) (8.4)
Cash dividends (5.0) (5.2)
Repayments of borrowings (3.3) (4.7)
Net cash used in financing activities (20.8) (18.3)
Effect of foreign currency exchange rate changes on cash and cash equivalents (1.9) (1.3)
Decrease in cash and cash equivalents (19.6) (25.3)
Cash and cash equivalents at beginning of the period 172.0 233.2
Cash and cash equivalents at end of the period 152.4 207.9
Cash paid during the period for:    
Interest 0.8 0.9
Income taxes, net of refunds 5.6 7.3
Operating lease obligations $ 1.9 $ 1.9