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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Cash flows from operating activities:    
Net income $ 3,457 $ 1,789
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Depreciation and amortization 4,179 5,388
Loss on sale/disposition of assets 127  
Provision for credit losses on accounts receivable 23 97
Deferred income taxes (110)  
Stock-based compensation expense 752 298
Changes in operating assets and liabilities:    
Accounts receivable 3,939 (6,031)
Inventories (17,746) (9,594)
Prepaid expenses and other current assets (1,924) (1,190)
Income taxes 869 (32)
Accounts payable 4,226 6,165
Accrued payroll and incentives (3,532) 66
Right of use assets 403 232
Accrued profit sharing 248 58
Accrued expenses 2,479 3,340
Other assets 39 223
Lease liabilities (443) (322)
Other non-current liabilities (151) 77
Net cash (used in)/provided by operating activities (3,165) 564
Cash flows from investing activities:    
Payments to acquire patents and software (127) (105)
Payments to acquire property and equipment (859) (879)
Net cash used in investing activities (986) (984)
Cash flows from financing activities:    
Net transfers from former Parent   186
Proceeds from exercise of options to acquire common stock 5  
Payment of employee withholding tax related to restricted stock units (312)  
Net cash (used in)/provided by financing activities (307) 186
Net decrease in cash and cash equivalents (4,458) (234)
Cash and cash equivalents, beginning of period 60,801 234
Cash and cash equivalents, end of period 56,343  
Supplemental disclosure of cash flow information Cash paid for:    
Interest 38  
Income taxes 85  
Supplemental Disclosure of Non-cash Investing and Financing Activities    
Purchases of property and equipment and intangibles included in accounts payable 178 $ 65
Changes in right of use assets for operating lease obligations 12  
Changes in lease liabilities for operating lease obligations $ 12