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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 28, 2017
Jan. 30, 2016
Operating activities:    
Net income $ 109,202 $ 121,564
Net income (loss) from discontinued operations (3,229) 1,500
Net income from continuing operations 112,431 120,064
Adjustments to reconcile net income from continuing operations to net cash used in operating activities:    
Depreciation 29,037 24,940
Amortization 34,019 33,877
Intangible asset impairment 36,312 0
Bad debt expense 1,013 6,546
Non-cash employee compensation 17,254 20,587
Accelerated amortization of debt issuance costs on early retirement of debt 60 5,153
Excess tax benefits from stock-based compensation 0 (1,750)
Change in assets and liabilities, net of acquired (239,537) (256,964)
Net cash used in operating activities- continuing operations (9,411) (47,547)
Net cash used in operating activities- discontinued operations (3,229) (38,985)
Net cash used in operating activities (12,640) (86,532)
Investing activities:    
Additions to property and equipment (37,457) (56,280)
Acquisitions and equity investments, net of cash assumed 0 (1,106,583)
Proceeds from sale of securities 0 48,744
Other investing activities 35,869 0
Net cash used in investing activities- continuing operations (1,588) (1,114,119)
Net cash provided by investing activities- discontinued operations 0 714,680
Net cash used in investing activities (1,588) (399,439)
Financing activities:    
Dividends paid (70,947) (67,010)
Repurchases of common stock (84,651) (200,000)
Proceeds from issuance of long-term debt 0 1,000,000
Debt issuance costs 0 (11,600)
Debt amendment costs (1,266) 0
Retirement of long-term debt (22,550) (678,250)
Draw on revolver 178,000 198,000
Other financing activities 5,495 5,523
Net cash provided by financing activities 4,081 246,663
Effect of exchange rate changes on cash (5,567) (10,251)
Net change in cash and cash equivalents (15,714) (249,559)
Cash and cash equivalents at beginning of period 137,453 347,260
Cash and cash equivalents at end of period $ 121,739 $ 97,701