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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2019
Cash flows from operating activities:      
Net income/(loss) $ 18,405,000 $ (96,201,000) $ (9,521,000)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:      
Depreciation and amortization 19,827,000 23,639,000 24,990,000
Loss on sale/disposition of assets 107,000 819,000 113,000
Provision for losses on accounts receivable (48,000) 688,000 33,000
Impairment of long-lived tangible assets   720,000  
Goodwill impairment 0 98,929,000 10,396,000
Deferred income taxes (3,103,000) (12,499,000) (2,816,000)
Change in fair value of contingent consideration     (60,000)
Stock-based compensation expense 2,910,000 850,000 2,274,000
Changes in operating assets and liabilities:      
Accounts receivable (7,117,000) (8,763,000) 135,000
Inventories (14,297,000) 942,000 (18,358,000)
Prepaid expenses and other current assets (1,042,000) (250,000) (1,629,000)
Income taxes (45,000) (132,000) 82,000
Accounts payable 7,632,000 12,000 (1,473,000)
Accrued payroll and incentives 4,751,000 (1,397,000) 2,159,000
Right of use assets 1,337,000 939,000  
Accrued profit sharing 1,716,000 (61,000) 161,000
Accrued expenses 3,691,000 1,434,000 (2,471,000)
Other assets 9,000 (55,000) 9,000
Lease liabilities (1,543,000) (1,146,000)  
Other non-current liabilities 130,000 (21,000) (211,000)
Net cash provided by operating activities 33,320,000 8,447,000 3,813,000
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired     (1,772,000)
Payments to acquire patents and software (558,000) (383,000) (863,000)
Payments to acquire property and equipment (3,623,000) (1,480,000) (1,889,000)
Net cash used in investing activities (4,181,000) (1,863,000) (4,524,000)
Cash flows from financing activities:      
Net transfers from/(to) former Parent 31,485,000 (6,512,000) 873,000
Cash paid for debt issuance costs (410,000)    
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan 386,000    
Payment of employee withholding tax related to restricted stock units (33,000)    
Net cash provided by/(used in) financing activities 31,428,000 (6,512,000) 873,000
Net increase in cash and cash equivalents 60,567,000 72,000 162,000
Cash and cash equivalents, beginning of period 234,000 162,000  
Cash and cash equivalents, end of period 60,801,000 234,000 $ 162,000
Supplemental disclosure of cash flow information Cash paid for:      
Interest 111,000    
Income taxes 7,951,000    
Supplemental Disclosure of Non-cash Investing and Financing Activities:      
Purchases of property and equipment included in accounts payable 254,000 54,000  
Non-cash transfers to/from former Parent 1,398,000    
Changes in right of use assets for operating lease obligations 23,940,000 3,369,000  
Changes in lease liabilities for operating lease obligations $ 23,940,000 $ 4,449,000