XML 14 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 27, 2018
Jan. 28, 2017
Jan. 27, 2018
Jan. 28, 2017
Income Statement [Abstract]        
Net sales $ 1,375,222 $ 1,397,418 $ 4,065,074 $ 4,148,095
Cost of sales 1,080,486 1,067,657 3,155,547 3,182,196
Gross profit 294,736 329,761 909,527 965,899
Operating expenses 244,690 283,207 730,889 774,126
Operating income from continuing operations 50,046 46,554 178,638 191,773
Other income (expense):        
Other income, net 2,096 994 4,768 4,980
Interest expense (11,783) (11,400) (34,454) (31,659)
Income from continuing operations before taxes 40,359 36,148 148,952 165,094
Income tax expense (benefit) (68,596) 8,379 (31,094) 52,663
Net income from continuing operations 108,955 27,769 180,046 112,431
Net loss from discontinued operations 0 (3,229) 0 (3,229)
Net income $ 108,955 $ 24,540 $ 180,046 $ 109,202
Basic earnings (loss) per share:        
Continuing operations (in USD per share) $ 1.18 $ 0.29 $ 1.94 $ 1.18
Discontinued operations (in USD per share) 0.00 (0.03) 0.00 (0.03)
Net basic earnings per share (in USD per share) 1.18 0.26 1.94 1.15
Diluted earnings (loss) per share:        
Continuing operations (in USD per share) 1.18 0.29 1.93 1.17
Discontinued operations (in USD per share) 0.00 (0.03) 0.00 (0.03)
Net diluted earning per share (in USD per share) $ 1.18 $ 0.26 $ 1.93 $ 1.14
Weighted average shares:        
Basic (in shares) 91,949 94,737 92,674 95,252
Diluted (in shares) 92,609 95,359 93,323 95,915
Dividends declared per common share (in USD per share) $ 0.26000 $ 0.24 $ 0.78 $ 0.72
Comprehensive income        
Net income $ 108,955 $ 24,540 $ 180,046 $ 109,202
Foreign currency translation gain (loss) 16,475 6,082 24,594 (28,176)
Cash flow hedges, net of tax 437 437 1,312 1,307
Comprehensive income $ 125,867 $ 31,059 $ 205,952 $ 82,333