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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 25, 2020
Jan. 26, 2019
Cash flows from operating activities    
Net income $ 75,608 $ 68,474
Adjustments to reconcile net income to cash provided by (used for) operating activities    
(Gain)/loss on disposal of assets (10,051) 41
Change in deferred taxes 1,238 2,538
Provision for doubtful accounts 210 477
Depreciation and amortization 23,035 23,182
Equity-based compensation expense 7,235 8,174
Pension plan contributions 0 (7,000)
Change in receivables (11,178) 1,152
Change in inventories (62) (18,950)
Change in other assets 53,620 (10,103)
Change in payables 659 4,954
Change in other liabilities (20,555) 18,509
Net cash provided by operating activities 119,759 91,448
Cash flows from investing activities    
Proceeds from disposals of assets 11,242 447
Proceeds from insurance 1,080 154
Capital expenditures (35,464) (35,766)
Purchases of investments (26,248) (14,956)
Proceeds from sales of investments 24,688 14,304
Acquisitions (6,412) (78,582)
Net cash used for investing activities (31,114) (114,399)
Cash flows from financing activities    
Net proceeds from credit facility 0 20,000
Payments on debt and finance lease liabilities (135) (169)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 828 4,012
Purchases of common stock (35,346) (16,726)
Dividends paid (18,641) (17,381)
Net cash used for financing activities (53,294) (10,264)
Effect of exchange rate changes on cash and equivalents 1,107 (74)
Change in cash, cash equivalents and restricted cash 36,458 (33,289)
Cash, cash equivalents and restricted cash at beginning of period 131,787 136,871
Cash, cash equivalents and restricted cash at end of period 168,245 103,582
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 4,026 $ 2,827