XML 20 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jan. 26, 2019
Jan. 27, 2018
Cash flows from operating activities:    
Net income (loss) $ 22,498 $ (104,408)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization (including amortization of deferred financing fees) 76,515 83,306
Stock-based compensation expense 3,091 4,788
Impairment charges 22,067 135,436
Deferred taxes   (25,667)
Loss on disposal of property and equipment 699 589
Net increase (decrease) in other long-term liabilities 1,474 (7,599)
Net (increase) decrease in other non-current assets 255 (3,614)
Changes in operating assets and liabilities, net 26,291 25,302
Net cash flows provided by operating activities 152,890 108,133
Cash flows from investing activities:    
Purchases of property and equipment (79,722) (69,971)
Net cash flows used in investing activities (79,722) (69,971)
Cash flows from financing activities:    
Proceeds from credit facility 912,025 877,822
Payments on credit facility (941,474) (882,917)
Cash dividends paid (32,874) (32,719)
Purchase of treasury stock related to stock-based compensation (847) (653)
Payment of amended credit facility related fees (4,425)  
Cash dividends paid for long-term incentive awards (479) (188)
Net cash flows used in financing activities (68,074) (38,655)
Net increase (decrease) in cash and cash equivalents 5,094 (493)
Cash and cash equivalents at beginning of period 10,769 11,993
Cash and cash equivalents at end of period 15,863 11,500
Changes in operating assets and liabilities, net:    
Receivables, net 2,316 4,342
Merchandise inventories, net (42,110) (28,146)
Prepaid expenses and other current assets (3,025) 22,641
Accounts payable, accrued liabilities and gift card liabilities 69,110 26,465
Changes in operating assets and liabilities, net 26,291 25,302
Interest 8,688 5,729
Income taxes (net of refunds) 187 (1,416)
Non-cash financing activity:    
Accrued dividends for long-term incentive awards $ 1,155 $ 938