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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
May 03, 2020
Apr. 28, 2019
Apr. 29, 2018
cash flows from operating activities:      
net (loss) income $ (28,667,000) $ 5,458,000 $ 20,877,000
adjustments to reconcile net (loss) income to net cash provided by operating activities:      
depreciation 7,827,000 8,117,000 7,672,000
amortization 647,000 780,000 351,000
asset impairments 33,914,000 0 0
reversal of contingent consideration associated with discontinued operation (6,081,000)    
loss on disposal of discontinued operation 1,606,000    
stock-based compensation 614,000 130,000 2,212,000
deferred income taxes (1,694,000) 2,027,000 (2,482,000)
gain on sale of property, plant, and equipment (238,000) (1,452,000)  
loss from investment in unconsolidated joint venture 125,000 114,000 266,000
realized loss on sale of short-term investments (available for sale) 10,000 94,000  
foreign currency exchange loss (gain) 109,000 (17,000) 66,000
changes in assets, liabilities and, net of effects acquisition and disposal of business:      
accounts receivable (1,994,000) 2,339,000 (299,000)
inventories (837,000) 3,841,000 (24,000)
other current assets 342,000 41,000 226,000
other assets (48,000) (65,000) (81,000)
accounts payable-trade 499,000 (3,427,000) (4,028,000)
accrued expenses and deferred compensation (1,017,000) (1,492,000) (1,562,000)
deferred revenue 103,000 (410,000) (94,000)
accrued restructuring costs (124,000) 124,000  
income taxes (126,000) (2,329,000) 4,373,000
net cash provided by operating activities 4,970,000 13,873,000 27,473,000
cash flows from investing activities:      
net cash paid for acquisition of assets   (12,096,000) (4,541,000)
capital expenditures (4,585,000) (3,261,000) (8,005,000)
proceeds from the sale of equipment 672,000 1,894,000 6,000
proceeds from long-term note receivable associated with discontinued operation 1,523,000    
investment in unconsolidated joint venture (220,000) (120,000) (661,000)
proceeds from the sale of short-term investments (available for sale) 6,606,000 2,458,000  
proceeds from the sale of short-term investments (held to maturity) 6,100,000 25,680,000  
purchase of short-term investments (available for sale) (7,555,000) (10,000) (49,000)
purchase of short-term and long-term investments (held-to-maturity) (7,465,000)    
proceeds from the sale of long-term investments (rabbi trust)   1,233,000 57,000
purchase of long-term investments (rabbi trust) (788,000) (1,011,000) (1,902,000)
proceeds from life insurance policy   394,000  
payments on life insurance policy     (18,000)
net cash (used in) provided by investing activities (5,712,000) 15,161,000 (15,113,000)
cash flows from financing activities:      
proceeds from lines of credit 30,765,000 12,000,000 19,000,000
payments associated with lines of credit   (12,000,000) (19,000,000)
proceeds from Paycheck Protection Program loan 7,606,000    
payments on vendor-financed capital expenditures   (1,412,000) (3,750,000)
proceeds from subordinated loan payable associated with the noncontrolling interest of discontinued operation 250,000 675,000  
cash paid for acquisition of business (1,532,000)    
dividends paid (5,075,000) (4,732,000) (6,843,000)
repurchases of common stock (1,680,000) (3,323,000)  
common stock surrendered for withholding taxes payable (51,000) (1,319,000) (1,530,000)
capital contribution associated with the noncontrolling interest of discontinued operation 360,000    
payments for debt issuance costs   (50,000)  
proceeds from common stock issued     111,000
net cash provided by (used in) financing activities 30,643,000 (10,161,000) (12,012,000)
effect of exchange rate changes on cash and cash equivalents (119,000) (93,000) 85,000
increase in cash and cash equivalents 29,782,000 18,780,000 433,000
cash and cash equivalents at beginning of year 40,008,000 21,228,000 20,795,000
cash and cash equivalents at end of year $ 69,790,000 $ 40,008,000 $ 21,228,000