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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2019
OPERATING ACTIVITIES      
Net income $ 58,763,000 $ 74,861,000 $ 83,688,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:      
Depreciation and amortization 100,289,000 98,513,000 94,446,000
Net (gain) loss on disposal of property, plant and equipment (1,859,000) 2,629,000 1,973,000
Reduction in carrying amount of operating lease right-of-use assets 27,192,000 25,405,000 0
Amortization of debt issuance costs 2,501,000 2,603,000 2,724,000
Unrealized (gain) loss on foreign exchange forward contracts (1,102,000) 1,102,000 0
Loss on extinguishment of debt (13,792,000) 0 0
Gain on insurance recoveries 0 0 (580,000)
Stock-based compensation expense 4,598,000 3,989,000 3,040,000
Deferred income taxes (13,668,000) (11,499,000) (7,805,000)
Pension contributions in excess of expense (2,007,000) (1,130,000) (7,875,000)
Net gain on debt forgiveness and modification 0 0 5,266,000
Contributions of employer stock to employee benefit plan 3,743,000 3,772,000 3,623,000
Other non-cash items 4,140,000 672,000 916,000
Changes in operating assets and liabilities:      
Customer receivables (42,829,000) 21,018,000 9,719,000
Inventories (31,196,000) (4,486,000) (4,852,000)
Income taxes receivable 488,000 1,162,000 26,357,000
Prepaid expenses and other assets (6,456,000) (3,165,000) (5,172,000)
Accounts payable 32,752,000 (6,237,000) (4,775,000)
Accrued compensation and related expenses 1,226,000 (5,843,000) 6,225,000
Operating lease liabilities (24,371,000) (22,595,000) 0
Marketing and other accrued expenses 25,767,000 (3,229,000) (5,541,000)
Net Cash Provided by Operating Activities 151,763,000 177,542,000 190,845,000
INVESTING ACTIVITIES      
Payments to acquire property, plant and equipment (35,734,000) (31,670,000) (32,128,000)
Proceeds from sales of property, plant and equipment 3,889,000 323,000 64,000
Proceeds from insurance recoveries 0 0 580,000
Acquisition of business, net of cash acquired 0 0 (7,182,000)
Maturities of certificates of deposit 0 1,500,000 8,000,000
Investment in promotional displays (10,584,000) (9,069,000) (7,257,000)
Net Cash Used by Investing Activities (42,429,000) (38,916,000) (37,923,000)
FINANCING ACTIVITIES      
Payments of long-term debt (432,508,000) (98,468,000) (122,205,000)
Proceeds from long-term debt 350,000,000 0 0
Proceeds from issuance of common stock and other 0 295,000 500,000
Repurchase of common stock (20,000,000) 0 (50,000,000)
Withholding of employee taxes related to stock-based compensation (1,351,000) (1,050,000) (1,739,000)
Debt issuance cost (2,930,000) 0 (232,000)
Premium paid on debt extinguishment (8,533,000) 0 0
Net Cash Provided (Used) by Financing Activities (115,322,000) (99,223,000) (173,676,000)
Net (Decrease) Increase in Cash and Cash Equivalents (5,988,000) 39,403,000 (20,754,000)
Cash and Cash Equivalents, Beginning of Year 97,059,000 57,656,000 78,410,000
Cash and Cash Equivalents, End of Year 91,071,000 97,059,000 57,656,000
Non-cash investing and financing activities:      
Property, plant and equipment 2,527 1,303 1,331
Cash paid during the period for:      
Interest 22,981 27,654 35,908
Income taxes $ 33,055 $ 36,154 $ 22,035