XML 39 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 02, 2020
Apr. 27, 2019
Apr. 28, 2018
Operating Activities:      
Net income $ 129,972,000 $ 140,853,000 $ 149,774,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 17,234,000 15,439,000 13,226,000
Deferred income tax provision 11,000 3,351,000 676,000
Loss on disposal of property, net 206,000 12,000 149,000
Stock-based compensation 125,000 251,000 161,000
Amortization of operating right of use assets 13,351,000 0 0
Changes in assets and liabilities:      
Trade receivables (80,000) (481,000) (13,041,000)
Inventories 7,220,000 (9,782,000) (7,565,000)
Prepaid and other assets (5,633,000) (2,806,000) (5,437,000)
Accounts payable 8,168,000 (8,651,000) 16,753,000
Accrued and other liabilities 7,118,000 1,256,000 25,000
Net cash provided by operating activities 177,692,000 139,442,000 154,721,000
Investing Activities:      
Additions to property, plant and equipment (23,890,000) (38,333,000) (31,974,000)
Proceeds from sale of property, plant and equipment 9,000 18,000 63,000
Net cash used in investing activities (23,881,000) (38,315,000) (31,911,000)
Financing Activities:      
Dividends paid on common stock 0 (135,247,000) (69,878,000)
Proceeds from stock options exercised 740,000 456,000 560,000
Repurchase of common stock (6,233,000) 0 0
Net cash used in financing activities (5,493,000) (134,791,000) (69,318,000)
Net Increase (Decrease) in Cash and Equivalents 148,318,000 (33,664,000) 53,492,000
Cash and Equivalents - Beginning of Year 156,200,000 189,864,000 136,372,000
Cash and Equivalents - End of Year 304,518,000 156,200,000 189,864,000
Other Cash Flow Information:      
Interest paid 51,000 51,000 101,000
Income taxes paid $ 29,364,000 $ 36,833,000 $ 56,737,000