XML 43 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, 2014
Jul. 31, 2013
Cash flows from operating activities:    
Net income $ 50,097 $ 53,795
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,249 30,501
Other amortization 108 93
Stock-based compensation 1,632 1,044
Loss on disposal of assets and impairment charges 242 916
Deferred income taxes 4,037 1,828
Excess tax benefits related to stock option exercises (579) (440)
Changes in assets and liabilities:    
Receivables (4,490) (5,018)
Inventories (11,362) (15,979)
Prepaid expenses (1,270) (1,433)
Accounts payable 4,960 19,631
Accrued expenses 10,969 23,214
Income taxes 25,782 30,207
Other, net (18) (126)
Net cash provided by operating activities 116,357 138,233
Cash flows from investing activities:    
Purchase of property and equipment (88,789) (72,456)
Payments for acquisition of businesses, net of cash acquired (30,774) (1,669)
Proceeds from sales of property and equipment 557 449
Net cash used in investing activities (119,006) (73,676)
Cash flows from financing activities:    
Proceeds from long-term debt   150,000
Repayments of long-term debt (223) (208)
Net repayments of short-term debt   (59,100)
Proceeds from exercise of stock options 4,313 900
Payments of cash dividends (6,914) (6,913)
Excess tax benefits related to stock option exercises 579 440
Net cash (used in) provided by financing activities (2,245) 85,119
Net (decrease) increase in cash and cash equivalents (4,894) 149,676
Cash and cash equivalents at beginning of the period 121,641 41,271
Cash and cash equivalents at end of the period 116,747 190,947
Cash paid (received) during the period for:    
Interest, net of amount capitalized 3,665 118
Income taxes, net $ 106 $ (540)