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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Jul. 30, 2017
Jul. 31, 2016
Cash flows from operating activities:    
Net income $ 4,984 $ 5,313
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,807 1,761
Amortization of assets 82 52
Stock-based compensation 757 761
Deferred income taxes 643 593
Realized loss on sale of short-term investments   12
Loss on sale of equipment   9
Loss from investment in unconsolidated joint venture 118  
Foreign currency exchange loss (gain) 35 (62)
Changes in assets and liabilities:    
Accounts receivable 2,524 611
Inventories (3,539) (1,808)
Other current assets (467) 158
Other assets (47) 19
Accounts payable - trade (397) 3,036
Accrued expenses and deferred compensation (4,704) (4,631)
Income taxes 608 375
Net cash provided by operating activities 2,404 6,199
Cash flows from investing activities:    
Capital expenditures (2,260) (3,139)
Investment in unconsolidated joint venture (489)  
Proceeds from the sale of short-term investments   2,000
Purchase of short-term investments (12) (21)
Proceeds from the sale of long-term investments (Rabbi Trust) 49  
Purchase of long-term investments (Rabbi Trust) (1,267) (559)
Net cash used in investing activities (3,979) (1,719)
Cash flows from financing activities:    
Proceeds from line of credit 5,000 7,000
Payments on vendor-financed capital expenditures (1,250)  
Dividends paid (3,608) (3,445)
Common stock surrendered for withholding taxes payable (1,135) (280)
Proceeds from common stock issued 5 11
Net cash (used in) provided by financing activities (988) 3,286
Effect of exchange rate changes on cash and cash equivalents 90 (4)
(Decrease) increase in cash and cash equivalents (2,473) 7,762
Cash and cash equivalents at beginning of period 20,795 [1] 37,787
Cash and cash equivalents at end of period $ 18,322 $ 45,549
[1] Derived from audited financial statements.