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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended
Jul. 29, 2017
USD ($)
Operating activities  
Net income (loss) $ (5,882)
Loss from discontinued operations, net of tax 1,488
Net income (loss) from continuing operations (4,394)
Adjustments to reconcile net income (loss) to cash provided by operating activities:  
Depreciation and amortization 1,406
Impairment of long-lived assets 9
Provision for doubtful accounts 209
Gains on foreign currency transactions (106)
Deferred income taxes (597)
Stock-based compensation 1,326
Amortization of held-to-maturity investments 474
Changes in operating assets and liabilities:  
Accounts receivable 43,819
Unbilled receivables and retentions 6,234
Inventories (10,224)
Income tax receivable (3,385)
Prepaid expenses and other assets 358
Accounts payable (5,504)
Other liabilities (4,306)
Net cash provided by operating activities of continuing operations 25,319
Investing activities  
Acquisition of property and equipment (2,705)
Redemptions of held-to-maturity investments 59,280
Purchases of held-to-maturity investments (41,806)
Redemptions of available-for-sale investments 450
Net cash used in investing activities from continuing operations 15,219
Financing activities  
Principal payments of capital lease obligations (92)
Tax withholding payment related to net settlement of equity awards (212)
Exercise of stock options 1,640
Net cash (used in) provided by financing activities from continuing operations 1,336
Discontinued operations  
Operating activities of discontinued operations (4,037)
Investing activities of discontinued operations (268)
Net cash provided by (used in) discontinued operations (4,305)
Net increase in cash and cash equivalents 37,569
Cash and cash equivalents at beginning of period 79,904
Cash and cash equivalents at end of period 117,473
Cash (refunds) paid, net during the period for:  
Income tax refund 1,803
Income taxes (1,803)
Non-cash activities  
Unrealized gain on investments, net of deferred tax expense of $51 and $4, respectively 2
Reclassification from share-based liability compensation to equity 384
Acquisitions of property and equipment included in accounts payable $ 644