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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Oct. 31, 2018
Oct. 31, 2017
OPERATING ACTIVITIES    
Net income $ 43,255,000 $ 42,036,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,726,000 10,977,000
Net loss on disposal of property, plant and equipment 584,000 84,000
Amortization of debt issuance costs 1,356,000 0
Unrealized loss on foreign exchange forward contracts 199,000 0
Gain on insurance recoveries (580,000) 0
Stock-based compensation expense 1,622,000 1,609,000
Deferred income taxes (4,899,000) 7,750,000
Pension contributions in excess of expense (1,989,000) (9,081,000)
Contributions of employer stock to employee benefit plan 3,623,000 3,554,000
Other non-cash items (971,000) (290,000)
Changes in operating assets and liabilities:    
Customer receivables 5,434,000 (2,954,000)
Income taxes receivable 22,108,000 (3,306,000)
Inventories (10,835,000) (4,523,000)
Prepaid expenses and other assets (2,130,000) (2,939,000)
Accounts payable (2,901,000) (2,573,000)
Accrued compensation and related expenses 9,101,000 (1,044,000)
Marketing and other accrued expenses (2,036,000) 2,538,000
Net cash provided by operating activities 107,667,000 41,838,000
INVESTING ACTIVITIES    
Payments to acquire property, plant and equipment (14,755,000) (20,660,000)
Proceeds from sales of property, plant and equipment 35,000 2,000
Proceeds from insurance recoveries 580,000 0
Acquisition of business, net of cash acquired (7,182,000) 0
Purchases of certificates of deposit 0 25,000,000
Maturities of certificates of deposit 5,000,000 15,500,000
Investment in promotional displays (3,395,000) (978,000)
Net cash used by investing activities (19,717,000) (31,136,000)
FINANCING ACTIVITIES    
Payments of long-term debt (94,060,000) (876,000)
Proceeds from long-term debt 0 734,000
Proceeds from issuance of common stock 500,000 1,286,000
Repurchase of common stock (13,199,000) (23,500,000)
Withholding of employee taxes related to stock-based compensation (1,739,000) (2,779,000)
Net cash used by financing activities (108,498,000) (25,135,000)
Net decrease in cash and cash equivalents (20,548,000) (14,433,000)
Cash and cash equivalents, beginning of period 78,410,000 176,978,000
Cash and cash equivalents, end of period 57,862,000 162,545,000
Non-cash investing and financing activities:    
Property, plant and equipment included in accounts payable at period end 2,619 0
Cash paid during the period for:    
Interest 19,131 217
Income taxes $ 9,976 $ 17,461