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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 25, 2020
Apr. 27, 2019
Apr. 28, 2018
Cash flows from operating activities      
Net income $ 78,984 $ 70,141 $ 81,595
Adjustments to reconcile net income to cash provided by operating activities      
Gain on disposal of assets (10,068) (325) (2,108)
Gain on conversion of investment 0 0 (2,204)
Gain on sale of investments (693) (656) (770)
Change in deferred taxes 719 (1,668) 17,261
Provision for doubtful accounts 13,383 502 276
Depreciation and amortization 31,192 31,147 31,767
Equity-based compensation expense 8,371 10,981 9,474
Change in right-of use lease asset 67,673 0 0
Goodwill impairment 26,862 0 0
Pension termination (refund)/charge (1,900) 32,671 0
Pension plan contributions 0 (7,000) (2,000)
Change in receivables 29,686 7,195 (2,801)
Change in inventories 14,900 3,135 (8,009)
Change in other assets 7,039 (7,737) (3,245)
Change in payables (9,913) (2,388) 6,602
Change in lease liabilities (66,238) 0 0
Change in other liabilities (25,755) 14,747 (10,088)
Net cash provided by operating activities 164,242 150,745 115,750
Cash flows from investing activities      
Proceeds from disposals of assets 11,273 1,941 1,440
Proceeds from insurance 1,080 184 2,087
Capital expenditures (46,035) (48,433) (36,337)
Purchases of investments (37,477) (20,698) (28,593)
Proceeds from sales of investments 37,244 20,944 22,674
Acquisitions, net of cash acquired (6,850) (76,505) (16,495)
Net cash used for investing activities (40,765) (122,567) (55,224)
Cash flows from financing activities      
Net proceeds from credit facility 75,000 0 0
Payments on debt and finance lease liabilities (161) (223) (262)
Payments for debt issuance costs 0 0 (231)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 3,029 13,901 2,977
Purchases of common stock (43,369) (22,957) (56,730)
Dividends paid (25,091) (23,508) (22,009)
Net cash provided by (used for) financing activities 9,408 (32,787) (76,255)
Effect of exchange rate changes on cash and equivalents (1,144) (475) 1,741
Change in cash, cash equivalents and restricted cash 131,741 (5,084) (13,988)
Cash, cash equivalents and restricted cash at beginning of period 131,787 136,871 150,859
Cash, cash equivalents and restricted cash at end of period 263,528 131,787 136,871
Supplemental disclosure of non-cash investing activities      
Capital expenditures included in accounts payable $ 3,528 $ 3,250 $ 5,667