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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 29, 2022
Oct. 30, 2021
Operating Activities:    
Net income $ 71,500 $ 93,100
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,436 9,234
Deferred income tax provision (benefit) 1,147 (363)
Gain on sale of property, net 0 8
Stock-based compensation 342 350
Amortization of operating right to use assets 6,592 6,872
Changes in assets and liabilities:    
Trade receivables (6,853) (1,799)
Inventories 14,909 (7,309)
Operating lease right to use assets (16,132) (1,594)
Prepaid and other assets 3,187 510
Accounts payable (10,921) 1,593
Accrued and other liabilities (1,566) (9,545)
Operating lease obligation 9,597 (5,093)
Net cash provided by operating activities 82,238 85,964
Investing Activities:    
Additions to property, plant and equipment (7,974) (6,628)
Proceeds from sale of property, plant and equipment 27 1
Net cash used in investing activities (7,947) (6,627)
Financing Activities:    
Proceeds from stock options exercised 285 111
Repayments of loan facility (30,000) 0
Net cash provided by financing activities (29,715) 111
Net Increase in Cash and Equivalents 44,576 79,448
Cash and Equivalents - Beginning of Period 48,050 193,589
Cash and Equivalents - End of Period 92,626 273,037
Other Cash Flow Information:    
Interest paid 224 93
Income taxes paid $ 21,373 $ 31,386