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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Oct. 26, 2024
Oct. 28, 2023
Operating Activities:    
Net income $ 102,417 $ 93,419
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,533 9,941
Deferred income taxes (146) 4,134
Loss on disposal of property, plant and equipment, net 7 3
Stock-based compensation expense 311 341
Non-cash operating lease expense 7,141 6,921
Changes in assets and liabilities:    
Trade receivables 3,232 4,695
Inventories (6,445) 804
Prepaid and other assets (332) (6,417)
Accounts payable (8,637) (5,103)
Accrued and other liabilities (764) 1,612
Operating lease liabilities (7,227) (8,291)
Net cash provided by operating activities 100,090 102,059
Investing Activities:    
Purchases of property, plant and equipment (10,611) (12,760)
Proceeds from sale of property, plant and equipment 2 28
Net cash used in investing activities (10,609) (12,732)
Financing Activities:    
Dividends paid on common stock (304,148) 0
Proceeds from stock options exercised 457 278
Net cash (used in) provided by financing activities (303,691) 278
Net (Decrease) Increase in Cash and Cash Equivalents (214,210) 89,605
Cash and Cash Equivalents - Beginning of Period 327,047 158,074
Cash and Cash Equivalents - End of Period 112,837 247,679
Supplemental Cash Flow Information:    
Interest paid 14 146
Income taxes paid 31,084 30,514
Non-Cash Activities:    
Right-of-use assets obtained in exchange for lease liabilities $ 2,943 $ 11,877