XML 47 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Aug. 01, 2015
Jul. 26, 2014
Operating activities:    
Net income $ 29,703 $ 50,289
Net income from discontinued operations 9,392 11,964
Net income from continuing operations 20,311 38,325
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation 7,346 5,907
Amortization 7,901 3,749
Bad debt expense 4,719 353
Non-cash employee compensation 6,965 6,412
Excess tax benefits from stock-based compensation (63) (512)
Change in assets and liabilities, net of acquired (39,485) 14,060
Net cash provided by operating activities-continuing operations 7,694 68,294
Net cash (used in) provided by operating activities-discontinued operations (2,270) 476
Net cash provided by operating activities 5,424 68,770
Investing activities:    
Additions to property and equipment (17,064) (16,173)
Acquisitions and equity investments, net of cash assumed (1,104,730)  
Purchase of investments   (359)
Net cash used in investing activities-continuing operations (1,121,794) (16,532)
Net cash (used in) provided by investing activities-discontinued operations (54) 5,086
Net cash used in investing activities (1,121,848) (11,446)
Financing activities:    
Dividends paid (23,128) (20,062)
Repurchases of common stock   (42,877)
Proceeds from issuance of long-term debt 1,000,000  
Debt issuance costs (11,600)  
Other financing activities (745) (811)
Net cash provided by (used in) financing activities 964,527 (63,750)
Effect of exchange rate changes on cash (8,923) 2,258
Net decrease in cash and cash equivalents (160,820) (4,168)
Cash and cash equivalents at beginning of period 347,260 264,908
Cash and cash equivalents at end of period $ 186,440 $ 260,740