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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Apr. 28, 2018
USD ($)
Apr. 29, 2017
USD ($)
Apr. 30, 2016
USD ($)
Cash flows from operating activities:      
Net income (loss) $ (125,480) $ 22,023 $ (24,446)
Net loss from discontinued operations     (39,146)
Net income (loss) from continuing operations (125,480) 22,023 14,700
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation and amortization (including amortization of deferred financing fees) 108,293 119,837 139,138
Stock-based compensation expense 6,865 6,299 14,201
Impairment charges 135,435 349 3,991
Deferred taxes (30,865) 28,534 34,604
Loss on disposal of property and equipment 730 1,262 2,428
Net decrease in other long-term liabilities (15,094) (14,602) (48,025)
Pension contributions     (12,707)
Pension reclassification     20,802
Net (increase) decrease in other non-current assets (4,962) 872 (3,405)
Changes in operating assets and liabilities, net (37,816) (17,752) 31,798
Net cash flows provided by operating activities 37,106 146,822 197,525
Cash flows from investing activities:      
Purchases of property and equipment (87,651) (96,258) (94,274)
Net cash flows used in investing activities (87,651) (96,258) (94,274)
Cash flows from financing activities:      
Proceeds from credit facility 1,173,317 1,140,178 929,500
Payments on credit facility (1,079,517) (1,122,478) (882,300)
Cash dividends paid (43,638) (43,887) (46,056)
Treasury stock repurchase plan   (23,281) (26,718)
Purchase of treasury stock related to stock-based compensation (653) (2,694) (4,004)
Payment of credit facility related fees   (474) (5,701)
Proceeds from exercise of common stock options   312 1,303
Cash dividends paid for long-term incentive awards (188) (85)  
Cash settlement of equity award     (8,022)
Cash dividends paid to preferred shareholders     (3,941)
Inducement fee paid upon conversion of Series J preferred stock     (3,657)
Net cash flows provided by (used in) financing activities 49,321 (52,409) (49,596)
Cash flows from discontinued operations:      
Operating cash flows     (86,384)
Investing cash flows     (11,764)
Financing cash flows (including cash at date of Spin-Off)     (16,029)
Net cash flows used in discontinued operations     (114,177)
Net decrease in cash and cash equivalents (1,224) (1,845) (60,522)
Cash and cash equivalents at beginning of period 11,993 13,838 74,360
Cash and cash equivalents at end of period 10,769 11,993 13,838
Changes in operating assets and liabilities, net:      
Receivables, net 2,732 57,623 (64,652)
Merchandise inventories, net (11,287) (13,186) 62,015
Prepaid expenses and other current assets 37,096 4,096 (11,947)
Accounts payable, accrued liabilities and gift card liabilities (66,357) (66,285) 46,382
Changes in operating assets and liabilities, net (37,816) (17,752) 31,798
Interest 7,611 5,487 12,217
Income taxes (net of refunds) (3,145) (16,859) 16,107
Non-cash financing activity:      
Accrued dividends for long-term incentive awards $ 1,237 $ 577 451
Dividends to preferred stockholders paid in shares     1,783
Issuance of common stock upon conversion of Series J preferred stock     $ 200,262