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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Apr. 30, 2022
May 01, 2021
May 02, 2020
Operating Activities:      
Net income $ 158,512,000 $ 174,146,000 $ 129,972,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 18,544,000 18,097,000 17,234,000
Deferred income tax provision (benefit) 5,326,000 (132,000) 11,000
Loss on disposal of property, net (7,000) 114,000 206,000
Stock-based compensation 695,000 462,000 125,000
Amortization of operating right of use assets 13,258,000 13,060,000 13,351,000
Changes in assets and liabilities:      
Trade receivables (7,150,000) (1,521,000) (80,000)
Inventories (31,838,000) (7,998,000) 7,220,000
Operating lease right of use assets (6,054,000) (11,092,000) (5,368,000)
Prepaid and other assets (5,084,000) 35,000 (5,633,000)
Accounts payable 6,545,000 14,385,000 8,168,000
Accrued and other liabilities (12,444,000) (4,524,000) 19,215,000
Operating lease liabilities (7,170,000) (1,262,000) (6,729,000)
Net cash provided by operating activities 133,133,000 193,770,000 177,692,000
Investing Activities:      
Additions to property, plant and equipment (29,015,000) (25,308,000) (23,890,000)
Proceeds from sale of property, plant and equipment 11,000 6,000 9,000
Proceeds from sale of property, plant and equipment (11,000) (6,000) (9,000)
Net cash used in investing activities (29,004,000) (25,314,000) (23,881,000)
Financing Activities:      
Borrowing under loan facility 50,000,000 0 0
Repayments under loan facility (20,000,000) 0 0
Dividends paid on common stock (280,003,000) (279,876,000) 0
Proceeds from stock options exercised 335,000 491,000 740,000
Repurchase of common stock 0 0 (6,233,000)
Net cash used in financing activities (249,668,000) (279,385,000) (5,493,000)
Net (Decrease) Increase in Cash and Equivalents (145,539,000) (110,929,000) 148,318,000
Cash and Equivalents - Beginning of Year 193,589,000 304,518,000 156,200,000
Cash and Equivalents - End of Year 48,050,000 193,589,000 304,518,000
Other Cash Flow Information:      
Interest paid 371,000 148,000 51,000
Income taxes paid $ 51,958,000 $ 63,357,000 $ 29,364,000