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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 28, 2017
Jan. 23, 2016
Cash flows from operating activities    
Net income $ 58,755 $ 58,016
Adjustments to reconcile net income to cash provided by (used for) operating activities    
Deferred income tax expense 3,214 5,000
Provision for doubtful accounts (64) (675)
Depreciation and amortization 21,311 19,308
Equity-based compensation expense 7,571 6,868
Pension plan contributions (2,300) (7,000)
Change in receivables (576) 15,284
Change in inventories (5,929) (23,121)
Change in other assets (4,518) 1,991
Change in payables 6,359 349
Change in other liabilities 7,431 (6,306)
Net cash provided by operating activities 91,254 69,714
Cash flows from investing activities    
Proceeds from disposals of assets 273 2,506
Capital expenditures (15,529) (19,825)
Purchases of investments (20,778) (15,816)
Proceeds from sales of investments 13,899 23,896
Acquisitions, net of cash acquired (35,878) (19,232)
Change in restricted cash (15) 660
Net cash used for investing activities (58,028) (27,811)
Cash flows from financing activities    
Payments on debt (217) (415)
Stock issued for stock and employee benefit plans 3,500 253
Excess tax benefit on stock option exercises 1,924 774
Purchases of common stock (25,062) (29,096)
Dividends paid (15,270) (13,137)
Net cash used for financing activities (35,125) (41,621)
Effect of exchange rate changes on cash and equivalents (139) (886)
Change in cash and equivalents (2,038) (604)
Cash and equivalents at beginning of period 112,358 98,302
Cash and equivalents at end of period 110,320 $ 97,698
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 1,012