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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 25, 2020
Apr. 27, 2019
Apr. 28, 2018
Operating activities:      
Net (loss) income $ (589,367) $ 82,876 $ 200,974
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation 44,981 44,371 45,115
Amortization 37,201 38,402 38,701
Investment gain (34,334) 0 0
Goodwill impairment 675,055 0 0
Bad debt expense 2,008 7,333 6,280
Non-cash employee compensation 37,354 33,425 36,532
Accelerated amortization of debt issuance costs on early retirement of debt 8,984 0 0
Deferred income taxes (31,800) 10,762 (41,058)
Deferred consideration in securitized receivables (540,944) (402,367) (49,650)
Change in assets and liabilities, net of acquired:      
Receivables 156,519 227,907 60,211
Inventory (59,258) 11,547 (60,475)
Accounts payable 219,613 44,189 (12,103)
Accrued liabilities 25,474 512 (24,726)
Long term receivables (102,707) 21,611 (33,795)
Other changes from operating activities, net (92,323) (72,410) 12,889
Net cash (used in) provided by operating activities (243,544) 48,158 178,895
Investing activities:      
Additions to property and equipment (41,809) (60,734) (43,263)
Collection of deferred purchase price receivables 540,944 402,367 49,650
Other investing activities 0 (906) 10,600
Net cash provided by investing activities 499,135 340,727 16,987
Financing activities:      
Dividends paid (100,442) (99,468) (99,199)
Repurchases of common stock 0 0 (87,500)
Proceeds from issuance of long-term debt 300,000 0 150,000
Debt issuance costs (3,300) 0 0
Payments on long-term debt (460,840) (249,542) (164,754)
Payments on revolving credit 0 (16,000) (43,000)
Other financing activities (6,647) 9,764 14,291
Net cash used in financing activities (271,229) (355,246) (230,162)
Effect of exchange rate changes on cash (2,064) (977) 2,305
Net change in cash and cash equivalents (17,702) 32,662 (31,975)
Cash and cash equivalents at beginning of period 95,646 62,984 94,959
Cash and cash equivalents at end of period 77,944 95,646 62,984
Supplemental disclosures:      
Income taxes paid 12,021 17,530 19,611
Interest paid $ 25,742 $ 31,045 $ 36,504