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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 23, 2016
Jan. 24, 2015
Cash flows from operating activities    
Net income $ 58,016 $ 51,491
Adjustments to reconcile net income to cash provided by (used for) operating activities    
Restructuring 430 (1,106)
Deferred income tax expense (benefit) 5,000 (3,987)
Provision for doubtful accounts (675) (2,060)
Depreciation and amortization 19,308 16,297
Equity-based compensation expense 6,868 6,094
Pension plan contributions (7,000)  
Change in receivables 15,284 7,011
Change in inventories (23,121) (11,913)
Change in other assets 1,991 5,794
Change in payables 349 (7,659)
Change in other liabilities (6,736) (4,898)
Net cash provided by operating activities 69,714 55,064
Cash flows from investing activities    
Proceeds from disposal of assets 2,506 8,940
Capital expenditures (19,825) (56,512)
Purchases of investments (15,816) (30,544)
Proceeds from sales of investments 23,896 23,987
Acquisitions, net of cash acquired (19,232) (1,774)
Change in restricted cash 660 2,935
Net cash used for investing activities (27,811) (52,968)
Cash flows from financing activities    
Payments on debt (415) (7,413)
Payments for debt issuance costs   (164)
Stock issued for stock and employee benefit plans 253 496
Excess tax benefit on stock option exercises 774 234
Purchases of common stock (29,096) (35,752)
Dividends paid (13,137) (10,416)
Net cash used for financing activities (41,621) (53,015)
Effect of exchange rate changes on cash and equivalents (886) (332)
Change in cash and equivalents (604) (51,251)
Cash and equivalents at beginning of period 98,302 149,661
Cash and equivalents at end of period $ 97,698 98,410
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables   $ 6,275