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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Jan. 23, 2021
Jan. 25, 2020
Cash flows from operating activities    
Net income $ 69,572 $ 75,608
Adjustments to reconcile net income to cash provided by (used for) operating activities    
(Gain)/loss on disposal of assets 133 (10,051)
Gain on sale of investments (438) (468)
Change in deferred taxes 5,189 1,238
Provision for doubtful accounts (2,483) 210
Depreciation and amortization 24,620 23,035
Equity-based compensation expense 9,115 7,235
Change in receivables (28,720) (11,178)
Change in inventories (26,419) (62)
Change in right-of-use lease assets 48,864 48,972
Change in other assets (1,193) 5,116
Change in payables 42,354 659
Change in lease liabilities (48,963) (48,534)
Change in other liabilities 158,200 27,979
Net cash provided by operating activities 249,831 119,759
Cash flows from investing activities    
Proceeds from disposals of assets 252 11,242
Proceeds from insurance 0 1,080
Capital expenditures (26,722) (35,464)
Purchases of investments (27,744) (26,248)
Proceeds from sales of investments 26,317 24,688
Acquisitions (7,783) (6,412)
Net cash used for investing activities (35,680) (31,114)
Cash flows from financing activities    
Payments on debt and finance lease liabilities (75,020) (135)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 6,259 828
Purchases of common stock (875) (35,346)
Dividends paid to shareholders (9,700) (18,641)
Dividends paid to minority interest joint venture partners [1] (8,507) 0
Net cash used for financing activities (87,843) (53,294)
Effect of exchange rate changes on cash and equivalents 3,191 1,107
Change in cash, cash equivalents and restricted cash 129,499 36,458
Cash, cash equivalents and restricted cash at beginning of period 263,528 131,787
Cash, cash equivalents and restricted cash at end of period 393,027 168,245
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 1,569 $ 4,026
[1] Includes dividends paid to joint venture minority partners resulting from the repatriation of dividends from our foreign earnings that we no longer consider permanently reinvested.