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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 27, 2024
Jul. 29, 2023
Operating Activities:    
Net income $ 56,780 $ 49,631
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,393 4,956
Deferred income taxes (312) 4,284
Loss on disposal of property, plant and equipment, net 2 3
Stock-based compensation expense 160 171
Non-cash operating lease expense 3,556 3,329
Changes in assets and liabilities:    
Trade receivables (13,192) (2,762)
Inventories (6,026) 579
Prepaid and other assets 6,872 1,559
Accounts payable (4,389) 2,217
Accrued and other liabilities 12,175 9,478
Operating lease liabilities (3,520) (3,302)
Net cash provided by operating activities 57,499 70,143
Investing Activities:    
Purchases of property, plant and equipment (3,704) (5,474)
Proceeds from sale of property, plant and equipment 1 26
Net cash used in investing activities (3,703) (5,448)
Financing Activities:    
Dividends paid on common stock (304,148) 0
Proceeds from stock options exercised 345 0
Net cash used in financing activities (303,803) 0
Net (Decrease) Increase in Cash and Cash Equivalents (250,007) 64,695
Cash and Cash Equivalents - Beginning of Period 327,047 158,074
Cash and Cash Equivalents - End of Period 77,040 222,769
Supplemental Cash Flow Information:    
Interest paid 25 112
Income taxes paid 223 1
Non-Cash Activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 684 $ 3,589