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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 25, 2020
Jan. 26, 2019
Cash Flows from Operating Activities:    
Net income $ 93,759 $ 114,717
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,415 11,525
Deferred income tax provision 956 4,057
(Gain) Loss on sale of property, net (9) 2
Stock-based compensation 189 179
Changes in assets and liabilities:    
Trade receivables 12,318 8,021
Inventories 9,500 (11,243)
Prepaid and other assets (911) (3,181)
Accounts payable (7,271) (15,913)
Accrued and other liabilities 3,264 (1,132)
Net cash provided by operating activities 125,210 107,032
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (15,847) (27,456)
Proceeds from sale of property, plant and equipment 10 10
Net cash used in investing activities (15,837) (27,446)
Cash Flows from Financing Activities:    
Proceeds from stock options exercised 406 403
Repurchase of common shares (4,319) 0
Net cash (used in) provided by financing activities (3,913) 403
Net Increase in Cash and Equivalents 105,460 79,989
Cash and Equivalents - Beginning of Period 156,200 189,864
Cash and Equivalents - End of Period 261,660 269,853
Supplemental disclosure of cash flow information:    
Interest paid 38 38
Income taxes paid, net of refunds $ 29,335 $ 30,908