XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Oct. 30, 2021
Oct. 31, 2020
Operating activities    
Net (loss) income $ (11,362) $ 12,115
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:    
Depreciation and amortization 30,019 5,693
(Income) losses from equity method investments (520) 10,810
Amortization of debt issuance costs 258  
Realized gain from sale of available-for-sale investments   (11)
Provision for doubtful accounts (35) (156)
Other non-cash expense (income) 157 (473)
Non-cash lease expense 3,358 2,393
Loss on foreign currency transactions 30 2
Deferred income taxes (840) (621)
Stock-based compensation 2,342 3,509
Loss on disposal of property and equipment 3,036 2
Amortization of debt securities 113 (12)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 37,134 43,115
Unbilled receivables and retentions (46,619) 5,264
Inventories (10,075) (6,244)
Income taxes receivable (10,667)  
Prepaid expenses and other assets 272 (1,029)
Accounts payable (3,587) (5,028)
Other liabilities 3,642 (10,736)
Net cash (used in) provided by operating activities (3,344) 58,593
Investing activities    
Acquisition of property and equipment (13,147) (6,052)
Equity method investments (6,245) (1,173)
Business acquisitions, net of cash acquired (46,150)  
Redemptions of available-for-sale investments 30,531 92,226
Purchases of available-for-sale investments   (116,945)
Other 224  
Net cash used in investing activities (34,787) (31,944)
Financing activities    
Principal payment of loan (5,000)  
Holdback and retention payments for business acquisition (5,991)  
Tax withholding payment related to net settlement of equity awards (1,176) (1,778)
Exercise of stock options 119 86
Other (16)  
Net cash used in financing activities (12,064) (1,692)
Effects of currency translation on cash and cash equivalents (275)  
Net (decrease) increase in cash, cash equivalents, and restricted cash (50,470) 24,957
Cash, cash equivalents and restricted cash at beginning of period 157,063 255,142
Cash, cash equivalents and restricted cash at end of period 106,593 280,099
Cash paid, net during the period for:    
Income taxes 1,923 2,364
Interest 2,283  
Non-cash activities    
Unrealized loss on available-for-sale investments, net of deferred tax benefit of $0 and $1 for the six months ended October 30, 2021 and October 31, 2020, respectively 3 61
Change in foreign currency translation adjustments (2,017) 75
Issuances of inventory to property and equipment, ISR in-service assets 12,472  
Acquisitions of property and equipment included in accounts payable $ 415 $ 818