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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Oct. 30, 2022
Oct. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (17,872,000) $ 3,101,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation 3,489,000 3,471,000
Non-cash inventory charges 6,439,000 579,000
Amortization 214,000 267,000
Stock-based compensation 565,000 709,000
Deferred income taxes (269,000) (319,000)
Realized gain from the sale of short-term investments available for sale   (4,000)
Gain sale of equipment (232,000)  
Foreign currency exchange (gain) loss (1,168,000) 170,000
Changes in assets and liabilities:    
Accounts receivable (443,000) 5,441,000
Inventories 7,192,000 (8,329,000)
Other current assets (728,000) 39,000
Other assets 58,000 (987,000)
Accounts payable – trade 6,027,000 (2,269,000)
Deferred revenue 1,007,000 139,000
Accrued expenses and deferred compensation 1,254,000 (2,908,000)
Accrued restructuring 33,000  
Income taxes 601,000 (428,000)
Net cash provided by (used in) operating activities 6,167,000 (1,328,000)
Cash flows from investing activities:    
Capital expenditures (1,051,000) (3,901,000)
Proceeds from the sale of equipment 465,000  
Proceeds from the maturity of short-term investments (Held to Maturity)   3,200,000
Purchase of short-term and long-term investments (Held to Maturity)   (8,876,000)
Purchase of short-term investments (Available for Sale)   (4,371,000)
Proceeds from the sale of long-term investments (rabbi trust) 46,000  
Proceeds from the sale of short-term investments (Available for Sale)   306,000
Purchase of long-term investments (rabbi trust) (505,000) (580,000)
Net cash used in investing activities (1,045,000) (14,222,000)
Cash flows from financing activities:    
Dividends paid   (2,699,000)
Common stock repurchased   (1,752,000)
Common stock surrendered for withholding taxes payable (33,000) (50,000)
Payments of debt issuance costs (206,000)  
Net cash used in financing activities (239,000) (4,501,000)
Effect of exchange rate changes on cash and cash equivalents (296,000) (2,000)
Increase (decrease) in cash and cash equivalents 4,587,000 (20,053,000)
Cash and cash equivalents at beginning of period 14,550,000 37,009,000
Cash and cash equivalents at end of period $ 19,137,000 $ 16,956,000