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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 30, 2021
Jan. 25, 2020
Operating Activities:    
Net income $ 135,015 $ 93,759
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,729 13,415
Deferred income tax provision 337 956
Loss (gain) on sale of property, net 4 (9)
Stock-based compensation 290 189
Amortization of operating right of use assets 9,845 8,374
Changes in assets and liabilities:    
Trade receivables 9,252 12,318
Inventories (7,643) 9,500
Operating lease right of use assets (4,420) (4,366)
Prepaid and other assets (4,444) (911)
Accounts payable (3,001) (7,271)
Accrued and other liabilities 1,091 3,264
Operating lease liabilities (4,884) (4,008)
Net cash provided by operating activities 145,171 125,210
Investing Activities:    
Additions to property, plant and equipment (16,997) (15,847)
Proceeds from sale of property, plant and equipment 15 10
Net cash used in investing activities (16,982) (15,837)
Financing Activities:    
Repurchase of common stock 0 (4,319)
Proceeds from stock options exercised 475 406
Dividends paid on Common Stock (279,876) 0
Net cash used in financing activities (279,401) (3,913)
Net (Decrease) Increase in Cash and Equivalents (151,212) 105,460
Cash and Equivalents - Beginning of Period 304,518 156,200
Cash and Equivalents - End of Period 153,306 261,660
Other Cash Flow Information:    
Interest paid 117 38
Income taxes paid $ 51,031 $ 29,335