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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Oct. 29, 2016
Oct. 31, 2015
Operating activities:    
Net income $ 84,662 $ 65,124
Net income from discontinued operations 0 2,250
Net income from continuing operations 84,662 62,874
Adjustments to reconcile net income from continuing operations to net cash used in operating activities:    
Depreciation 18,010 16,791
Amortization 23,997 21,609
Bad debt expense 58 5,674
Non-cash employee compensation 14,693 13,541
Accelerated amortization of debt issuance costs on early retirement of debt 0 5,153
Excess tax benefits from stock-based compensation 0 (1,686)
Change in assets and liabilities, net of acquired (196,726) (137,923)
Net cash used in operating activities- continuing operations (55,306) (13,967)
Net cash used in operating activities- discontinued operations 0 (38,985)
Net cash used in operating activities (55,306) (52,952)
Investing activities:    
Additions to property and equipment (29,377) (40,978)
Acquisitions and equity investments, net of cash assumed 0 (1,105,229)
Proceeds from sale of securities 0 48,744
Other investing activities 23,115 0
Net cash used in investing activities- continuing operations (6,262) (1,097,463)
Net cash provided by investing activities- discontinued operations 0 715,430
Net cash used in investing activities (6,262) (382,033)
Financing activities:    
Dividends paid (47,655) (45,356)
Repurchases of common stock (50,000) (160,579)
Proceeds from issuance of long-term debt 0 1,000,000
Debt issuance costs 0 (11,600)
Retirement of long-term debt (8,250) (674,125)
Draw on revolver 143,000 80,000
Other financing activities 974 2,894
Net cash provided by financing activities 38,069 191,234
Effect of exchange rate changes on cash (3,567) (8,058)
Net change in cash and cash equivalents (27,066) (251,809)
Cash and cash equivalents at beginning of period 137,453 347,260
Cash and cash equivalents at end of period $ 110,387 $ 95,451