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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2018
OPERATING ACTIVITIES      
Net income $ 74,861,000 $ 83,688,000 $ 63,141,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation and amortization 98,513,000 94,446,000 45,004,000
Net loss on disposal of property, plant and equipment 2,629,000 1,973,000 615,000
Reduction in carrying amount of operating lease right-of-use assets 25,405,000    
Amortization of debt issuance costs 2,603,000 2,724,000 0
Unrealized loss on foreign exchange forward contracts 1,102,000 0 0
Gain on sales of assets held for sale 0 0 257,000
Gain on insurance recoveries 0 (580,000) 0
Stock-based compensation expense 3,989,000 3,040,000 3,097,000
Deferred income taxes (11,499,000) (7,805,000) 21,404,000
Pension contributions in excess of expense (1,130,000) (7,875,000) (20,928,000)
Excess tax benefit from stock-based compensation 0 (5,266,000) 0
Contributions of employer stock to employee benefit plan 3,772,000 3,623,000 3,554,000
Other non-cash items 672,000 916,000 14,000
Changes in operating assets and liabilities:      
Customer receivables 21,018,000 9,719,000 (18,786,000)
Inventories (4,486,000) (4,852,000) 2,802,000
Income taxes receivable 1,162,000 26,357,000 (7,295,000)
Prepaid expenses and other assets (3,165,000) (5,172,000) (7,492,000)
Accounts payable (6,237,000) (4,775,000) (858,000)
Accrued compensation and related expenses (5,843,000) 6,225,000 (2,525,000)
Operating lease liabilities (22,595,000)    
Marketing and other accrued expenses (3,229,000) (5,541,000) 4,771,000
Net Cash Provided by Operating Activities 177,542,000 190,845,000 86,775,000
INVESTING ACTIVITIES      
Payments to acquire property, plant and equipment (31,670,000) (32,128,000) (47,590,000)
Proceeds from sales of property, plant and equipment 323,000 64,000 27,000
Proceeds from insurance recoveries 0 580,000 0
Acquisition of business, net of cash acquired 0 (7,182,000) (57,200,000)
Purchases of certificates of deposit 0 0 (25,000,000)
Maturities of certificates of deposit 1,500,000 8,000,000 87,750,000
Investment in promotional displays (9,069,000) (7,257,000) (2,303,000)
Net Cash Used by Investing Activities (38,916,000) (37,923,000) (44,316,000)
FINANCING ACTIVITIES      
Payments of long-term debt (98,468,000) (122,205,000) (96,572,000)
Proceeds from long-term debt 0 0 734,000
Proceeds from issuance of common stock and other 295,000 500,000 1,289,000
Repurchase of common stock 0 (50,000,000) (29,000,000)
Withholding of employee taxes related to stock-based compensation (1,050,000) (1,739,000) (2,803,000)
Debt issuance cost 0 (232,000) (14,675,000)
Net Cash Provided (Used) by Financing Activities (99,223,000) (173,676,000) (141,027,000)
Net (Decrease) Increase in Cash and Cash Equivalents 39,403,000 (20,754,000) (98,568,000)
Cash and Cash Equivalents, Beginning of Year 57,656,000 78,410,000 176,978,000
Cash and Cash Equivalents, End of Year 97,059,000 57,656,000 78,410,000
Non-cash investing and financing activities:      
Long-term debt related to funding acquisition 0 0 300,000
Long-term debt issued to satisfy outstanding debt 0 0 600,000
Long-term debt satisfied from issuance of debt 0 0 (602,750)
Stock issuance in connection with acquisition 0 0 189,849
Property, plant and equipment 1,303 1,331 5,530
Net other assets and liabilities related to acquisition 0 0 7,169
Cash paid during the period for:      
Interest 27,654 35,908 5,919
Income taxes $ 36,154 $ 22,035 $ 18,219