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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Apr. 29, 2017
USD ($)
Apr. 30, 2016
USD ($)
May 02, 2015
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 22,023 $ (24,446) $ 36,596
Net income (loss) from discontinued operations   (39,146) 3,724
Net income from continuing operations 22,023 14,700 32,872
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation and amortization (including amortization of deferred financing fees) 119,837 139,138 149,143
Stock-based compensation expense 6,299 14,201 16,875
Impairment charges 349 3,991 366
Deferred taxes 28,534 34,604 (3,858)
Loss on disposal of property and equipment 1,262 2,428 4,605
Net decrease in other long-term liabilities (14,602) (48,025) (4,201)
Pension contributions   (12,707) (13,667)
Pension reclassification   20,802 7,317
Net (increase) decrease in other non-current assets 872 (3,405) 1,019
Changes in operating assets and liabilities, net (19,331) 29,960 (191,201)
Net cash flows provided by (used in) operating activities 145,243 195,687 (730)
Cash flows from investing activities:      
Purchases of property and equipment (96,258) (94,274) (94,805)
Net cash flows used in investing activities (96,258) (94,274) (94,805)
Cash flows from financing activities:      
Proceeds from credit facility 1,140,178 929,500 349,400
Payments on credit facility (1,122,478) (882,300) (349,400)
Cash dividends paid (43,887) (46,056)  
Treasury stock repurchase plan (23,281) (26,718)  
Purchase of treasury stock related to stock-based compensation (2,694) (4,004) (10,607)
Payment of new credit facility related fees (474) (5,701)  
Proceeds from exercise of common stock options 312 1,303 1,282
Excess tax benefit from stock-based compensation 1,579 1,838 1,865
Cash dividends paid for long-term incentive awards (85)    
Cash settlement of equity award   (8,022)  
Cash dividends paid to preferred shareholders 0 (3,941) (16,026)
Inducement fee paid upon conversion of Series J preferred stock   (3,657)  
Payment of Junior Seller Note     (127,250)
Acquisition of preferred membership interests     (76,175)
Net proceeds from Microsoft commercial agreement financing arrangement     57,161
Net cash flows used in financing activities (50,830) (47,758) (169,750)
Cash flows from discontinued operations:      
Operating cash flows   (86,384) 50,926
Investing cash flows   (11,764) (51,452)
Financing cash flows (including cash at date of Spin-Off)   (16,029)  
Net cash flows used in discontinued operations   (114,177) (526)
Net decrease in cash and cash equivalents (1,845) (60,522) (265,811)
Cash and cash equivalents at beginning of period 13,838 74,360 340,171
Cash and cash equivalents at end of period 11,993 13,838 74,360
Cash and cash equivalents of discontinued operations     (59,714)
Cash and cash equivalents at end of period 11,993 13,838 14,646
Changes in operating assets and liabilities, net:      
Receivables, net 57,623 (64,652) 44,715
Merchandise inventories, net (13,186) 62,015 (36,448)
Prepaid expenses and other current assets 4,096 (11,947) (28,228)
Accounts payable, accrued liabilities and gift card liabilities (67,864) 44,544 (171,240)
Changes in operating assets and liabilities, net (19,331) 29,960 (191,201)
Interest 5,487 12,217 16,548
Income taxes (net of refunds) (16,859) 16,107 95,584
Non-cash financing activity:      
Accrued dividends for long-term incentive awards $ 577 451  
Dividends to preferred stockholders paid in shares   1,783  
Issuance of common stock upon conversion of Series J preferred stock   $ 200,262  
Accrued dividends on redeemable preferred stock     3,941
Acquisition of preferred membership interests for 2,737 shares of common stock of Barnes & Noble, Inc.     $ 76,175