XML 37 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Jul. 31, 2013
Jul. 31, 2012
Cash flows from operations:    
Net income $ 55,710 $ 39,031
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 30,501 26,536
Other amortization 93 75
Stock based compensation 1,044 1,036
Loss on sale and disposal of property and equipment 916 1,584
Deferred income taxes 3,122 4,737
Excess tax benefits related to stock option exercises (440) (1,481)
Changes in assets and liabilities:    
Receivables (5,018) 446
Inventories (15,979) (7,752)
Prepaid expenses (1,433) (1,339)
Accounts payable 19,631 8,779
Accrued expenses 20,005 13,607
Income taxes 30,207 21,911
Other, net (126) (639)
Net cash provided by operations 138,233 106,531
Cash flows from investing:    
Purchase of property and equipment (72,456) (71,776)
Payments for acquisition of stores, net of cash acquired (1,669)  
Proceeds from sale of property and equipment 449 507
Net cash used in investing activities (73,676) (71,269)
Cash flows from financing:    
Proceeds from long-term debt 150,000  
Payments of long-term debt (208) (182)
Net repayments of short-term debt (59,100)  
Proceeds from exercise of stock options 900 3,476
Payments of cash dividends (6,913) (6,320)
Excess tax benefits related to stock option exercises 440 1,481
Net cash provided by (used in) financing activities 85,119 (1,545)
Net increase in cash and cash equivalents 149,676 33,717
Cash and cash equivalents at beginning of the period 41,271 55,919
Cash and cash equivalents at end of the period 190,947 89,636
Cash paid (received) during the period for:    
Interest, net of amount capitalized 118 99
Income taxes $ 540 $ (3,556)