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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
OPERATING ACTIVITIES    
Net income $ 16,485,000 $ 26,881,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,352,000 24,113,000
Net loss on disposal of property, plant and equipment 46,000 66,000
Reduction in the carrying amount of operating lease right-of-use assets 6,706,000 5,344,000
Amortization of debt issuance costs 630,000 662,000
Unrealized gain on foreign exchange forward contracts 1,255,000 56,000
Stock-based compensation expense 961,000 897,000
Deferred income taxes (2,855,000) (1,726,000)
Pension contributions in excess of expense (502,000) (461,000)
Contributions of employer stock to employee benefit plan 3,743,000 3,772,000
Other non-cash items 750,000 451,000
Changes in operating assets and liabilities:    
Customer receivables (17,524,000) 5,426,000
Inventories (15,539,000) (7,137,000)
Prepaid expenses and other assets (465,000) (1,094,000)
Accounts payable 5,979,000 4,876,000
Accrued compensation and related expenses (371,000) (10,613,000)
Operating lease liabilities (6,142,000) (5,109,000)
Marketing and other accrued expenses 12,636,000 5,633,000
Net cash provided by operating activities 40,000,000 62,612,000
INVESTING ACTIVITIES    
Payments to acquire property, plant and equipment (5,183,000) (4,360,000)
Proceeds from sales of property, plant and equipment 6,000 13,000
Maturities of certificates of deposit 0 1,000,000
Investment in promotional displays (2,659,000) (2,233,000)
Net cash used by investing activities (7,836,000) (5,580,000)
FINANCING ACTIVITIES    
Payments of long-term debt (634,000) (42,589,000)
Withholding of employee taxes related to stock-based compensation (534,000) (1,050,000)
Net cash used by financing activities (1,168,000) (43,639,000)
Net increase in cash and cash equivalents 30,996,000 13,393,000
Cash and cash equivalents, beginning of period 97,059,000 57,656,000
Cash and cash equivalents, end of period 128,055,000 71,049,000
Non-cash investing and financing activities:    
Property, plant and equipment included in accounts payable at period end 502 1,014
Cash paid during the period for:    
Interest 1,195 3,554
Income taxes $ 974 $ 607