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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Oct. 27, 2017
Oct. 28, 2016
Operating activities:    
Net income $ 9,299 $ 9,381
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,989 35,218
Impairments 0 16,523
Gain on disposal of fixed assets (35) (1,664)
Gain on rabbi trust assets (994) (967)
Loss on deferred compensation 1,479 1,115
Share-based compensation 546 3,263
Accretion on long-term note receivable 0 (1,133)
Deferred income taxes (1) (5,903)
Amortization of deferred financing costs 154 720
Cash provided by (used for) assets and liabilities:    
Accounts receivable (7,703) (10,930)
Inventories (9,283) (8,338)
Prepaid expenses and other current assets 1,334 491
Accounts payable 8,356 4,110
Federal and state income taxes (38,638) (11,185)
Accrued wages and related liabilities (10,900) (6,941)
Self-insurance (3,049) (1,740)
Accrued non-income taxes (2,227) (1,450)
Deferred revenue 0 (2,096)
Other assets and liabilities (2,482) (7,060)
Net cash (used in) provided by operating activities (39,155) 11,414
Investing activities:    
Acquisition of Pineland Farms Potato Company (115,811) 0
Purchase of property, plant and equipment (9,817) (37,086)
Proceeds from sale of property, plant and equipment 11 10,688
Deposits and other 82 130
Net cash used in investing activities (125,535) (26,268)
Financing activities:    
Cash dividends paid (163,013) (13,452)
Gross proceeds from credit facility borrowings and other long-term debt 147,500 189,179
Gross repayments of credit facility borrowings and other long-term debt (23,585) (166,490)
Cash paid for taxes on share-based compensation (5,660) (667)
Excess tax benefits from share-based compensation 0 (1,729)
Net cash (used in) provided by financing activities (44,758) 6,841
Net cash used in operations (209,448) (8,013)
Cash and equivalents at the beginning of the period 210,886 12,896
Cash and equivalents at the end of the period $ 1,438 $ 4,883