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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 27, 2019
Apr. 28, 2018
Apr. 29, 2017
Operating activities:      
Net income $ 82,876 $ 200,974 $ 170,893
Net loss from discontinued operations 0 0 (2,895)
Net income from continuing operations 82,876 200,974 173,788
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:      
Depreciation 44,371 45,115 40,004
Amortization 38,402 38,701 43,814
Intangible asset impairment 0 0 36,312
Bad debt expense 7,333 6,280 1,642
Non-cash employee compensation 33,425 36,532 19,025
Deferred income taxes 10,762 (41,058) (13,713)
Deferred consideration in securitized receivables (402,367) (49,650) (51,402)
Change in assets and liabilities, net of acquired:      
Receivables 227,907 60,211 (103,181)
Inventory 11,547 (60,475) (961)
Accounts payable 44,189 (12,103) 59,654
Accrued liabilities 512 (24,726) (9,009)
Long term receivables 21,611 (33,795) (12,574)
Other changes from operating activities, net (72,410) 12,889 (17,785)
Net cash provided by operating activities- continuing operations 48,158 178,895 165,614
Net cash used in operating activities- discontinued operations 0 0 (2,895)
Net cash provided by operating activities 48,158 178,895 162,719
Investing activities:      
Additions to property and equipment (60,734) (43,263) (47,019)
Collection of deferred purchase price receivables 402,367 49,650 51,402
Other investing activities (906) 10,600 (3,190)
Net cash provided by investing activities 340,727 16,987 1,193
Net cash provided by investing activities- discontinued operations 0 0 0
Net cash provided by investing activities 340,727 16,987 1,193
Financing activities:      
Dividends paid (99,468) (99,199) (95,910)
Repurchases of common stock 0 (87,500) (125,384)
Proceeds from issuance of long-term debt 0 150,000 0
Debt amendment costs 0 0 (1,266)
Retirement of long-term debt (249,542) (164,754) (26,238)
Draw on (payment on) revolving credit (16,000) (43,000) 39,000
Other financing activities 9,764 14,291 7,635
Net cash used in financing activities (355,246) (230,162) (202,163)
Effect of exchange rate changes on cash (977) 2,305 (4,243)
Net change in cash and cash equivalents 32,662 (31,975) (42,494)
Cash and cash equivalents at beginning of period 62,984 94,959 137,453
Cash and cash equivalents at end of period 95,646 62,984 94,959
Supplemental disclosures:      
Income taxes paid 17,530 19,611 108,394
Interest paid $ 31,045 $ 36,504 $ 34,972