XML 84 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
Impact of Adoption of New Accounting Standards - Statement Cash Flow (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Oct. 27, 2018
Oct. 28, 2017
Oct. 27, 2018
Oct. 28, 2017
Operating activities        
Net income $ 6,050 $ 7,517 $ 33,366 $ 1,635
Gain on sale of business, net of tax expense 391   (8,452)  
Loss from discontinued operations, net of tax 599 33 2,449 1,521
Net income from continuing operations 7,040 7,550 27,363 3,156
Adjustments to reconcile net income to cash provided by operating activities        
Depreciation and amortization     3,584 2,784
Loss from equity method investments 752   1,354  
Impairment of long-lived assets       255
Provision for doubtful accounts     (27) 935
Impairment of intangible assets and goodwill       1,021
Gains on foreign currency transactions     (13) (108)
Deferred income taxes     (614) (1,094)
Stock-based compensation     2,517 2,535
Loss on disposition of property and equipment       15
Amortization of held-to-maturity investments     (459) 897
Changes in operating assets and liabilities:        
Accounts receivable     22,261 39,861
Unbilled receivables and retentions     (28,782) 600
Inventories     (8,671) (13,772)
Income tax receivable       (307)
Prepaid expenses and other assets     (831) 413
Accounts payable     (8,841) (2,972)
Other liabilities     (6,184) (4,225)
Net cash provided by operating activities of continuing operations     2,657 29,994
Investing activities        
Acquisition of property and equipment     (4,135) (5,455)
Proceeds from sale of business     31,994  
Redemptions of held-to-maturity investments     153,029 105,758
Purchases of held-to-maturity investments     (169,402) (88,763)
Redemptions of available-for-sale investments     2,250 450
Net cash used in investing activities from continuing operations     13,736 11,990
Financing activities        
Principal payments of capital lease obligations     (111) (173)
Tax withholding payment related to net settlement of equity awards     (975) (313)
Exercise of stock options     71 2,164
Net cash (used in) provided by financing activities from continuing operations     (1,015) 1,678
Discontinued operations        
Operating activities of discontinued operations     (7,188) (5,875)
Investing activities of discontinued operations     (452) (582)
Net cash used in discontinued operations     (7,640) (6,457)
Net increase in cash and cash equivalents     7,738 37,205
Cash and cash equivalents at beginning of period     143,517 79,904
Cash and cash equivalents at end of period $ 151,255 117,109 151,255 117,109
Cash (refunds) paid, net during the period for:        
Income tax refund     5,270 1,803
Non-cash activities        
Unrealized gain on investments, net of deferred tax expense of $4     57 29
Reclassification from share-based liability compensation to equity       384
Change in foreign currency translation adjustments     (31)  
Acquisitions of property and equipment included in accounts payable     753 888
Effect of the Adoption of ASC Topic 606        
Operating activities        
Net income   705   (711)
Loss from discontinued operations, net of tax   362   771
Net income from continuing operations   1,067   60
Changes in operating assets and liabilities:        
Unbilled receivables and retentions       (25)
Inventories       (151)
Income tax receivable       (307)
Other liabilities       123
Net cash provided by operating activities of continuing operations       (300)
Discontinued operations        
Operating activities of discontinued operations       300
Net cash used in discontinued operations       300
As Reported        
Operating activities        
Net income   6,812   2,346
Loss from discontinued operations, net of tax   (329)   750
Net income from continuing operations   6,483   3,096
Adjustments to reconcile net income to cash provided by operating activities        
Depreciation and amortization       2,784
Impairment of long-lived assets       255
Provision for doubtful accounts       935
Impairment of intangible assets and goodwill       1,021
Gains on foreign currency transactions       (108)
Deferred income taxes       (1,094)
Stock-based compensation       2,535
Loss on disposition of property and equipment       15
Amortization of held-to-maturity investments       897
Changes in operating assets and liabilities:        
Accounts receivable       39,861
Unbilled receivables and retentions       625
Inventories       (13,621)
Prepaid expenses and other assets       413
Accounts payable       (2,972)
Other liabilities       (4,348)
Net cash provided by operating activities of continuing operations       30,294
Investing activities        
Acquisition of property and equipment       (5,455)
Redemptions of held-to-maturity investments       105,758
Purchases of held-to-maturity investments       (88,763)
Redemptions of available-for-sale investments       450
Net cash used in investing activities from continuing operations       11,990
Financing activities        
Principal payments of capital lease obligations       (173)
Tax withholding payment related to net settlement of equity awards       (313)
Exercise of stock options       2,164
Net cash (used in) provided by financing activities from continuing operations       1,678
Discontinued operations        
Operating activities of discontinued operations       (6,175)
Investing activities of discontinued operations       (582)
Net cash used in discontinued operations       (6,757)
Net increase in cash and cash equivalents       37,205
Cash and cash equivalents at beginning of period       79,904
Cash and cash equivalents at end of period   $ 117,109   117,109
Cash (refunds) paid, net during the period for:        
Income tax refund       1,803
Non-cash activities        
Unrealized gain on investments, net of deferred tax expense of $4       29
Reclassification from share-based liability compensation to equity       384
Acquisitions of property and equipment included in accounts payable       $ 888
As Reported | ASU 2014-09        
Discontinued operations        
Cash and cash equivalents at beginning of period     $ 143,517