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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2016
Aug. 02, 2015
Cash flows from operating activities:    
Net income $ 5,313 $ 4,701
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,761 1,555
Amortization of other assets 52 47
Stock-based compensation 761 265
Excess tax benefit related to stock-based compensation (167) (788)
Deferred income taxes 593 1,641
Realized loss on sale of short-term investments 12  
Loss (gain) on sale of equipment 9 (46)
Foreign currency exchange gains (62) (57)
Changes in assets and liabilities:    
Accounts receivable 611 2,774
Inventories (1,808) (4,068)
Other current assets 158 (1,149)
Other assets 19 23
Accounts payable - trade 3,036 (132)
Accrued expenses and deferred compensation (4,911) (3,870)
Income taxes 375 159
Net cash provided by operating activities 5,752 1,055
Cash flows from investing activities:    
Capital expenditures (3,139) (3,336)
Proceeds from the sale of equipment   104
Proceeds from the sale of short-term investments 2,000 3,612
Purchase of short-term investments (21) (33)
Purchase of long-term investments (559) (478)
Net cash used in investing activities (1,719) (131)
Cash flows from financing activities:    
Proceeds from line of credit 7,000  
Excess tax benefit related to stock-based compensation 167 788
Dividends paid (3,445) (5,676)
Proceeds from common stock issued 11 56
Net cash provided by (used in) financing activities 3,733 (4,832)
Effect of exchange rate changes on cash and cash equivalents (4) 116
Increase (decrease) in cash and cash equivalents 7,762 (3,792)
Cash and cash equivalents at beginning of period 37,787 [1] 29,725
Cash and cash equivalents at end of period $ 45,549 $ 25,933
[1] Derived from audited financial statements.