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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 30, 2021
Oct. 31, 2020
Operating Activities:    
Net income $ 93,100 $ 98,328
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,234 9,233
Deferred income tax provision (363) 0
Gain on sale of property, net 8 0
Stock-based compensation 350 119
Amortization of operating right to use assets 6,872 6,636
Changes in assets and liabilities:    
Trade receivables (1,799) 2,060
Inventories (7,309) (5,334)
Operating lease right to use assets (1,594) (4,322)
Prepaid and other assets 510 94
Accounts payable 1,593 6,175
Accrued and other liabilities (9,545) (93)
Operating lease obligation (5,093) (2,019)
Net cash provided by operating activities 85,964 110,877
Investing Activities:    
Additions to property, plant and equipment (6,628) (10,369)
Proceeds from sale of property, plant and equipment 1 15
Net cash used in investing activities (6,627) (10,354)
Financing Activities:    
Proceeds from stock options exercised 111 403
Net cash provided by financing activities 111 403
Net Increase in Cash and Equivalents 79,448 100,926
Cash and Equivalents - Beginning of Period 193,589 304,518
Cash and Equivalents - End of Period 273,037 405,444
Other Cash Flow Information:    
Interest paid 93 90
Income taxes paid $ 31,386 $ 38,007