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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 01, 2021
May 02, 2020
Apr. 27, 2019
Operating Activities:      
Net income $ 174,146,000 $ 129,972,000 $ 140,853,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 18,097,000 17,234,000 15,439,000
Deferred income tax provision (132,000) 11,000 3,351,000
Loss on disposal of property, net 114,000 206,000 12,000
Stock-based compensation 462,000 125,000 251,000
Amortization of operating right to use assets 13,060,000 13,351,000 0
Changes in assets and liabilities:      
Trade receivables (1,521,000) (80,000) (481,000)
Inventories (7,998,000) 7,220,000 (9,782,000)
Operating lease right of use assets (11,092,000) (5,368,000) 0
Prepaid and other assets 35,000 (5,633,000) (2,806,000)
Accounts payable 14,385,000 8,168,000 (8,651,000)
Accrued and other liabilities (4,524,000) 19,215,000 1,256,000
Operating lease liabilities (1,262,000) (6,729,000) 0
Net cash provided by operating activities 193,770,000 177,692,000 139,442,000
Investing Activities:      
Additions to property, plant and equipment (25,308,000) (23,890,000) (38,333,000)
Proceeds from sale of property, plant and equipment (6,000) 9,000 18,000
Net cash used in investing activities (25,314,000) (23,881,000) (38,315,000)
Financing Activities:      
Dividends paid on common stock (279,876,000) 0 (135,247,000)
Proceeds from stock options exercised 491,000 740,000 456,000
Repurchase of common stock 0 (6,233,000)
Net cash used in financing activities (279,385,000) (5,493,000) (134,791,000)
Net Increase (decrease) in Cash and Equivalents (110,929,000) 148,318,000 (33,664,000)
Cash and Equivalents - Beginning of Year 304,518,000 156,200,000 189,864,000
Cash and Equivalents - End of Year 193,589,000 304,518,000 156,200,000
Other Cash Flow Information:      
Interest paid 148,000 51,000 51,000
Income taxes paid $ 63,357,000 $ 29,364,000 $ 36,833,000