XML 28 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:      
Net (loss)/income $ (64,880) $ 18,405 $ (96,201)
Adjustments to reconcile net income/(loss) to net cash (used in)/provided by operating activities:      
Depreciation and amortization 16,967 19,827 23,639
Loss on sale/disposition of assets 161 107 819
Provision for credit losses on accounts receivable 17 (48) 688
Impairment of long-lived tangible assets     720
Goodwill impairment 67,849   98,929
Deferred income taxes 6,683 (3,103) (12,499)
Stock-based compensation expense 2,812 2,910 850
Changes in operating assets and liabilities:      
Accounts receivable 8,591 (2,343) (8,763)
Inventories (41,431) (14,297) 942
Prepaid expenses and other current assets (1,393) (5,816) (250)
Income taxes (1,082) (45) (132)
Accounts payable (4,521) 7,632 12
Accrued payroll and incentives (3,986) 4,751 (1,397)
Right of use assets 1,650 1,337 939
Accrued profit sharing (935) 1,716 (61)
Accrued expenses (2,140) 3,691 1,434
Other assets (279) 9 (55)
Lease liabilities (1,831) (1,543) (1,146)
Other non-current liabilities (205) 130 (21)
Net cash provided by operating activities (17,953) 33,320 8,447
Cash flows from investing activities:      
Acquisition of business (27,000)    
Payments to acquire patents and software (3,191) (558) (383)
Payments to acquire property and equipment (3,397) (3,623) (1,480)
Net cash used in investing activities (33,588) (4,181) (1,863)
Cash flows from financing activities:      
Proceeds from loans and notes payable 25,170    
Payments to acquire treasury stock (15,025)    
Net transfers from former parent   31,485 (6,512)
Cash paid for debt issuance costs (103) (410)  
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan 875 386  
Payment of employee withholding tax related to restricted stock units (656) (33)  
Net cash provided by/(used in) financing activities 10,261 31,428 (6,512)
Net (decrease)/increase in cash and cash equivalents (41,280) 60,567 72
Cash and cash equivalents, beginning of period 60,801 234 162
Cash and cash equivalents, end of period 19,521 60,801 234
Supplemental disclosure of cash flow information Cash paid for:      
Interest 125 111  
Income taxes 3,819 7,951  
Supplemental Disclosure of Non-cash Investing and Financing Activities:      
Purchases of property and equipment and intangibles included in accounts payable 1,277 254 54
Non-cash transfers to/from former parent   1,398  
Changes in right of use assets for operating lease obligations 158 23,940 3,369
Changes in lease liabilities for operating lease obligations 158 $ 23,940 $ 4,449
Charges of debt issuance costs included in accrued expenses $ 89