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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 26, 2019
Oct. 27, 2018
Operating Activities:    
Net income $ 67,196 $ 89,908
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,946 7,355
Deferred income tax provision 292 2,822
(Loss) gain on sale of property, net (5) 3
Stock-based compensation 126 117
Changes in assets and liabilities:    
Trade receivables 12,222 50
Inventories 2,926 (19,914)
Prepaid and other assets 1,111 (7,999)
Accounts payable (5,373) 3,089
Accrued and other liabilities (287) 741
Net cash provided by operating activities 87,154 76,172
Investing Activities:    
Additions to property, plant and equipment (9,642) (16,302)
Proceeds from sale of property, plant and equipment 8 1
Net cash used in investing activities (9,634) (16,301)
Financing Activities:    
Proceeds from stock options exercised 147 325
Net cash provided by financing activities 147 325
Net Increase in Cash and Equivalents 77,667 60,196
Cash and Equivalents - Beginning of Period 156,200 189,864
Cash and Equivalents - End of Period 233,867 250,060
Other Cash Flow Information:    
Interest paid 38 38
Income taxes paid $ 22,675 $ 23,835