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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2023
Jul. 31, 2022
OPERATING ACTIVITIES    
Net income $ 37,850 $ 20,070
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 23,162 23,847
Net loss on disposal of property, plant and equipment 7 177
Reduction in the carrying amount of operating lease right-of-use assets 7,007 6,778
Amortization of debt issuance costs 212 216
Unrealized (gain) loss on foreign exchange forward contracts 1,015 (238)
Stock-based compensation expense 2,247 1,635
Deferred income taxes (2,442) (1,852)
Pension settlement, net 0 239
Contributions of employer stock to employee benefit plan 3,676 0
Other non-cash items 494 809
Changes in operating assets and liabilities:    
Customer receivables 1,085 (6,088)
Inventories 22,744 (19,555)
Prepaid expenses and other assets 2,414 (6,190)
Accounts payable (2,336) 1,490
Accrued compensation and related expenses (1,953) 9,725
Income taxes payable (1,506) 7,937
Operating lease liabilities (7,200) (6,814)
Marketing and other accrued expenses 2,275 4,633
Net cash provided by operating activities 86,721 37,295
INVESTING ACTIVITIES    
Payments to acquire property, plant and equipment (13,798) (3,386)
Proceeds from sales of property, plant and equipment 4 15
Investment in promotional displays (429) (1,189)
Net cash used by investing activities (14,223) (4,560)
FINANCING ACTIVITIES    
Payments of long-term debt (622) (20,591)
Repurchase of common stock 22,128 0
Withholding of employee taxes related to stock-based compensation (1,830) (773)
Net cash used by financing activities (24,580) (21,364)
Net increase in cash and cash equivalents 47,918 11,371
Cash and cash equivalents, beginning of period 41,732 22,325
Cash and cash equivalents, end of period 89,650 33,696
Non-cash investing and financing activities:    
Property, plant and equipment included in accounts payable at period end 0 76
Cash paid during the period for:    
Interest 3,839 3,864
Income taxes $ 14,486 $ 642