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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2020
Oct. 26, 2019
Operating Activities:    
Net income $ 98,328 $ 67,196
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,233 8,977
Deferred income tax benefit 0 292
Gain on disposal of property, plant and equipment, net 0 (5)
Stock-based compensation 119 126
Amortization of operating right of use assets 6,636 6,552
Changes in assets and liabilities:    
Trade receivables 2,060 12,222
Inventories (5,334) 2,926
Operating lease right of use assets (4,322) (1,152)
Prepaid and other assets 94 1,111
Accounts payable 6,175 (5,373)
Accrued and other liabilities (93) (5,687)
Operating lease liabilities (2,019) (31)
Net cash provided by operating activities 110,877 87,154
Investing Activities:    
Additions to property, plant and equipment (10,369) (9,642)
Proceeds from sale of property, plant and equipment 15 8
Net cash used in investing activities (10,354) (9,634)
Financing Activities:    
Proceeds from stock options exercised 403 147
Net cash provided by financing activities 403 147
Net Increase in Cash and Equivalents 100,926 77,667
Cash and Equivalents - Beginning of Period 304,518 156,200
Cash and Equivalents - End of Period 405,444 233,867
Other Cash Flow Information:    
Interest paid 90 38
Income taxes paid $ 38,007 $ 22,675