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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 28, 2018
Apr. 29, 2017
Apr. 30, 2016
Operating activities:      
Net income $ 200,974 $ 170,893 $ 187,184
Net income (loss) from discontinued operations 0 (2,895) 1,500
Net income from continuing operations 200,974 173,788 185,684
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:      
Depreciation 45,115 40,004 34,315
Amortization 38,701 43,814 48,068
Intangible asset impairment 0 36,312 0
Bad debt expense 6,280 1,642 8,246
Non-cash employee compensation 36,532 19,025 28,851
Accelerated amortization of debt issuance costs on early retirement of debt 0 60 5,153
Deferred income taxes (41,058) (13,713) (16,034)
Change in assets and liabilities, net of acquired:      
Receivables 60,211 (103,181) (57,249)
Inventory (60,475) (961) (118,351)
Accounts payable (12,103) 59,654 119,690
Accrued liabilities (24,726) (9,009) (4,055)
Long term receivables (83,445) (63,976) (38,882)
Other changes from operating activities, net 12,889 (17,845) (563)
Net cash provided by operating activities- continuing operations 178,895 165,614 194,873
Net cash used in operating activities- discontinued operations 0 (2,895) (38,544)
Net cash provided by operating activities 178,895 162,719 156,329
Investing activities:      
Additions to property and equipment (43,263) (47,019) (79,354)
Acquisitions and equity investments, net of cash assumed 0 0 (1,106,583)
Collection of deferred purchase price receivables 49,650 51,402 22,320
Proceeds from sale of securities 0 0 48,744
Other investing activities 10,600 (3,190) 0
Net cash provided by (used in) investing activities 16,987 1,193 (1,114,873)
Net cash provided by investing activities- discontinued operations 0 0 714,239
Net cash provided by (used in) investing activities 16,987 1,193 (400,634)
Financing activities:      
Dividends paid (99,199) (95,910) (90,597)
Repurchases of common stock (87,500) (125,384) (200,000)
Proceeds from issuance of long-term debt 150,000 0 1,000,000
Debt issuance costs 0 0 (11,600)
Debt amendment costs 0 (1,266) 0
Retirement of long-term debt (164,754) (26,238) (682,375)
Draw on (payment on) revolver (43,000) 39,000 20,000
Other financing activities 14,291 7,635 7,441
Net cash provided by (used in) financing activities (230,162) (202,163) 42,869
Effect of exchange rate changes on cash 2,305 (4,243) (8,371)
Net decrease in cash and cash equivalents (31,975) (42,494) (209,807)
Cash and cash equivalents at beginning of period 94,959 137,453 347,260
Cash and cash equivalents at end of period 62,984 94,959 137,453
Supplemental disclosures:      
Income taxes paid 19,611 108,394 151,662
Interest paid $ 36,504 $ 34,972 $ 37,883