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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Jul. 28, 2017
Jul. 29, 2016
Operating activities:    
Net Income $ 7,049 $ 9,162
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,446 17,574
(Gain) Loss on disposal of fixed assets (28) 276
Gain on rabbi trust assets (372) (281)
Loss on deferred compensation 662 279
Share-based compensation 297 1,440
Accretion on long-term note receivable 0 (558)
Deferred income taxes 0 184
Amortization of deferred financing costs 77 406
Cash provided by (used for) assets and liabilities:    
Accounts receivable (831) (1,130)
Inventories (1,744) (846)
Prepaid expenses and other current assets (1,550) (2,084)
Accounts payable 4,432 81
Federal and state income taxes 3,260 (13,520)
Accrued wages and related liabilities (11,611) (10,156)
Self-insurance (2,825) (530)
Accrued non-income taxes (1,675) (1,263)
Deferred revenue 0 (1,354)
Other assets and liabilities (6,606) (5,584)
Net cash used in operating activities (4,019) (7,904)
Investing activities:    
Acquisition of Pineland Farms Potato Company (115,811) 0
Purchase of property, plant and equipment (3,887) (18,985)
Proceeds from sale of property, plant and equipment 7 2,109
Deposits and other 85 (206)
Net cash used in investing activities (119,606) (17,082)
Financing activities:    
Cash dividends paid (156,224) (6,724)
Gross proceeds from credit facility borrowings and other long-term debt 90,000 97,272
Gross repayments of credit facility borrowings and other long-term debt (102) (71,784)
Cash paid for taxes on share-based compensation (5,660) (640)
Excess tax benefits from share-based compensation 0 (1,632)
Net cash (used in) provided by financing activities (71,986) 16,492
Net cash used in operations (195,611) (8,494)
Cash and equivalents at the beginning of the period 210,886 12,896
Cash and equivalents at the end of the period $ 15,275 $ 4,402