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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2023
Jan. 31, 2022
OPERATING ACTIVITIES    
Net income (loss) $ 63,582 $ (44,246)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 70,828 72,703
Net loss on disposal of property, plant and equipment 879 516
Reduction in the carrying amount of operating lease right-of-use assets 19,919 20,823
Amortization of debt issuance costs 647 651
Unrealized gain on foreign exchange forward contracts 904 7
Stock-based compensation expense 5,249 3,399
Deferred income taxes (11,899) (24,424)
Pension settlement, net 48 69,452
Pension contributions and related (income) expense 0 710
Contributions of employer stock to employee benefit plan 838 2,938
Other non-cash items 3,677 (823)
Changes in operating assets and liabilities:    
Customer receivables 36,823 (4,436)
Income taxes receivable (798) (8,989)
Inventories 362 (46,054)
Prepaid expenses and other assets (8,269) (7,039)
Accounts payable (53,477) (5,744)
Accrued compensation and related expenses 7,130 (12,533)
Operating lease liabilities (20,073) (18,345)
Marketing and other accrued expenses (3,759) (11,603)
Net cash provided (used) by operating activities 110,803 (13,051)
INVESTING ACTIVITIES    
Payments to acquire property, plant and equipment (17,134) (29,812)
Proceeds from sales of property, plant and equipment 23 5
Investment in promotional displays (2,149) (5,959)
Net cash used by investing activities (19,260) (35,766)
FINANCING ACTIVITIES    
Payments of long-term debt (67,278) (40,288)
Proceeds from long-term debt 0 25,000
Repurchase of common stock 0 25,000
Withholding of employee taxes related to stock-based compensation (773) (1,089)
Debt issuance cost 0 (6)
Net cash used by financing activities (68,051) (41,383)
Net increase (decrease) in cash and cash equivalents 23,492 (90,200)
Cash and cash equivalents, beginning of period 22,325 91,071
Cash and cash equivalents, end of period 45,817 871
Non-cash investing and financing activities:    
Property, plant and equipment included in accounts payable at period end 1,025 2,108
Cash paid during the period for:    
Interest 13,208 6,945
Income taxes $ 34,998 $ 17,677