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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2019
Jul. 31, 2018
OPERATING ACTIVITIES    
Net income $ 26,881,000 $ 24,767,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,113,000 23,018,000
Net loss on disposal of property, plant and equipment 66,000 354,000
Amortization of operating lease right-of-use assets 5,344,000 0
Amortization of debt issuance costs 662,000 700,000
Unrealized (gain) loss on foreign exchange forward contracts 56,000 (794,000)
Gain on insurance recoveries 0 (580,000)
Stock-based compensation expense 897,000 786,000
Deferred income taxes (1,726,000) (1,744,000)
Pension contributions in excess of expense (461,000) (1,545,000)
Contributions of employer stock to employee benefit plan 3,772,000 3,623,000
Other non-cash items 451,000 (456,000)
Changes in operating assets and liabilities:    
Customer receivables 5,426,000 4,758,000
Income taxes receivable 0 8,153,000
Inventories (7,137,000) (8,270,000)
Prepaid expenses and other assets (1,094,000) 835,000
Accounts payable 4,876,000 (7,793,000)
Accrued compensation and related expenses (10,613,000) 1,741,000
Income taxes payable 10,575,000 0
Operating lease liabilities (5,109,000) 0
Marketing and other accrued expenses 5,633,000 5,384,000
Net cash provided by operating activities 62,612,000 52,937,000
INVESTING ACTIVITIES    
Payments to acquire property, plant and equipment (4,360,000) (9,309,000)
Proceeds from sales of property, plant and equipment 13,000 9,000
Proceeds from insurance recoveries 0 580,000
Acquisition of business, net of cash acquired 0 (7,182,000)
Maturities of certificates of deposit 1,000,000 1,750,000
Investment in promotional displays (2,233,000) (2,254,000)
Net cash used by investing activities (5,580,000) (16,406,000)
FINANCING ACTIVITIES    
Payments of long-term debt (42,589,000) (63,516,000)
Proceeds from issuance of common stock 0 500,000
Withholding of employee taxes related to stock-based compensation (1,050,000) (1,739,000)
Net cash used by financing activities (43,639,000) (64,755,000)
Net increase (decrease) in cash and cash equivalents 13,393,000 (28,224,000)
Cash and cash equivalents, beginning of period 57,656,000 78,410,000
Cash and cash equivalents, end of period 71,049,000 50,186,000
Non-cash investing and financing activities:    
Property, plant and equipment included in accounts payable at period end 1,014 2,052
Cash paid during the period for:    
Interest 3,554 4,756
Income taxes $ 607 $ 1,623