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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May 03, 2025
Apr. 27, 2024
Apr. 29, 2023
Operating Activities:      
Net income $ 186,821 $ 176,732 $ 142,164
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,801 20,161 20,041
Non-cash operating lease expense 14,554 14,039 13,240
Deferred income taxes (449) 907 (821)
Stock-based compensation expense 606 881 677
Other, net 880 12 141
Changes in assets and liabilities:      
Trade receivables (1,320) 2,081 (11,326)
Inventories (506) 8,975 9,740
Prepaid and other assets (521) (8,151) 8,275
Accounts payable 4,165 (6,823) (10,193)
Accrued and other liabilities (4,351) 3,885 2,941
Operating lease liabilities (13,984) (14,792) (13,214)
Net cash provided by operating activities 206,696 197,907 161,665
Investing Activities:      
Purchases of property, plant and equipment (36,281) (30,300) (21,979)
Proceeds from sale of property, plant and equipment 6 52 27
Net cash used in investing activities (36,275) (30,248) (21,952)
Financing Activities:      
Repayments of Loan Facility 0 0 (30,000)
Dividends paid on common stock (304,148) 0 0
Proceeds from exercises of stock options 515 1,314 311
Net cash (used in) provided by financing activities (303,633) 1,314 (29,689)
Net (Decrease) Increase in Cash and Cash Equivalents (133,212) 168,973 110,024
Cash and Cash Equivalents - Beginning of Year 327,047 158,074 48,050
Cash and Cash Equivalents - End of Year 193,835 327,047 158,074
Supplemental Cash Flow Information:      
Interest paid 116 228 315
Income taxes paid 55,993 55,971 37,831
Non-Cash Activities:      
Right-of- use assets obtained in exchange for lease liabilities $ 31,341 $ 28,039 $ 23,495