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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Jan. 25, 2025
Jan. 27, 2024
Cash flows from operating activities    
Net income $ 85,602 $ 84,304
Adjustments to reconcile net income to cash provided by operating activities    
(Gain)/loss on disposal and impairment of assets 73 (15)
Gain on sale of investments (199) (1,169)
Provision for doubtful accounts 518 (267)
Depreciation and amortization 35,020 36,493
Amortization of right-of-use lease assets 61,521 56,660
Lease impairment/(settlement) 0 (1,175)
Equity-based compensation expense 13,428 11,048
Change in deferred taxes 2,134 1,911
Change in receivables 10,465 4,277
Change in inventories (21,726) 5,968
Change in other assets (10,217) (6,314)
Change in payables 11,897 (15,420)
Change in lease liabilities (62,607) (57,385)
Change in other liabilities (640) (13,562)
Net cash provided by operating activities 125,269 105,354
Cash flows from investing activities    
Proceeds from disposals of assets 188 4,836
Capital expenditures (51,538) (38,034)
Purchases of investments (6,783) (17,869)
Proceeds from sales of investments 11,715 23,337
Acquisitions (24,772) (26,299)
Net cash used for investing activities (71,190) (54,029)
Cash flows from financing activities    
Payments on finance lease liabilities (442) (346)
Holdback payments for acquisitions 0 (5,000)
Stock issued for stock and employee benefit plans, net of shares withheld for taxes 10,906 6,241
Repurchases of common stock (64,387) (40,022)
Dividends paid to shareholders (25,871) (24,177)
Dividends paid to minority interest joint venture partners [1] (1,414) (1,172)
Net cash used for financing activities (81,208) (64,476)
Effect of exchange rate changes on cash and equivalents 620 (348)
Change in cash, cash equivalents and restricted cash (26,509) (13,499)
Cash, cash equivalents and restricted cash at beginning of period 341,098 346,678
Cash, cash equivalents and restricted cash at end of period 314,589 333,179
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 4,010 $ 3,008
[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.