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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 30, 2016
Jan. 24, 2015
Operating activities:    
Net income $ 121,564 $ 158,743
Net income from discontinued operations 1,500 32,119
Net income from continuing operations 120,064 126,624
Adjustments to reconcile net income from continuing operations to net cash provided by (used in) operating activities:    
Depreciation 24,940 17,297
Amortization 33,877 14,192
Bad debt expense 6,546 1,778
Non-cash employee compensation 20,587 17,940
Accelerated amortization of debt issuance costs on early retirement of debt 5,153 0
Excess tax benefits from stock-based compensation (1,750) (289)
Change in assets and liabilities, net of acquired (256,964) (58,125)
Net cash provided by (used in) operating activities- continuing operations (47,547) 119,417
Net cash provided by (used in) operating activities- discontinued operations (38,985) 38,668
Net cash provided by (used in) operating activities (86,532) 158,085
Investing activities:    
Additions to property and equipment (56,280) (43,182)
Acquisitions and equity investments, net of cash assumed (1,106,583) (8,730)
Proceeds from sale of securities 48,744 40,775
Purchase of investments 0 (543)
Net cash provided by (used in) investing activities- continuing operations (1,114,119) (11,680)
Net cash provided by (used in) investing activities- discontinued operations 714,680 4,256
Net cash provided by (used in) investing activities (399,439) (7,424)
Financing activities:    
Dividends paid (67,010) (60,340)
Repurchases of common stock (200,000) (47,539)
Proceeds from issuance of long-term debt 1,000,000 0
Debt issuance costs (11,600) 0
Draw on revolver 198,000 0
Retirement of long-term debt (678,250) 0
Other financing activities 5,523 6,484
Net cash provided by (used in) financing activities 246,663 (101,395)
Effect of exchange rate changes on cash (10,251) (24,452)
Net change in cash and cash equivalents (249,559) 24,814
Cash and cash equivalents at beginning of period 347,260 264,908
Cash and cash equivalents at end of period $ 97,701 $ 289,722