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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 27, 2018
Oct. 28, 2017
Operating Activities:    
Net income $ 89,908 $ 72,252
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 7,355 7,087
Deferred income tax provision 2,822 214
Gain on sale of property, net 3
Stock-based compensation 117 80
Changes in assets and liabilities:    
Trade receivables 50 (8,974)
Inventories (19,914) (6,370)
Prepaid and other assets (7,999) (1,069)
Accounts payable 3,089 6,626
Accrued and other liabilities 741 2,492
Net cash provided by operating activities 76,172 72,338
Investing Activities:    
Additions to property, plant and equipment (16,302) (10,317)
Proceeds from sale of property, plant and equipment 1 39
Net cash used in investing activities (16,301) (10,278)
Financing Activities:    
Dividends paid on common stock (69,878)
Proceeds from stock options exercised 325 282
Net cash provided by (used in) financing activities 325 (69,596)
Net Increase (Decrease) in Cash and Equivalents 60,196 (7,536)
Cash and Equivalents - Beginning of Period 189,864 136,372
Cash and Equivalents - End of Period 250,060 128,836
Other Cash Flow Information:    
Interest paid 38 38
Income taxes paid $ 23,835 $ 37,643