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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Oct. 25, 2025
Oct. 26, 2024
Cash flows from operating activities    
Net income $ 47,287 $ 56,657
Adjustments to reconcile net income to cash provided by operating activities    
(Gain)/loss on disposal and impairment of assets (76) 40
(Gain)/loss on sale of investments (214) (113)
Provision for doubtful accounts 330 477
Depreciation and amortization 23,099 23,644
Amortization of right-of-use lease assets 40,650 41,817
Equity-based compensation expense 8,243 9,047
Change in deferred taxes 3,713 2,377
Change in receivables 929 10,000
Change in inventories 6,563 (22,625)
Change in other assets (5,913) (9,626)
Change in payables 9,325 12,380
Change in lease liabilities (40,282) (42,721)
Change in other liabilities (7,330) (13,101)
Net cash provided by operating activities 86,324 68,253
Cash flows from investing activities    
Proceeds from disposals of assets 240 176
Capital expenditures (38,927) (32,769)
Purchases of investments (213) (5,317)
Proceeds from sales of investments 717 10,225
Acquisitions (627) (17,841)
Net cash used for investing activities (38,810) (45,526)
Cash flows from financing activities    
Payments on finance lease liabilities (457) (291)
Payments for debt issuance costs (784) 0
Stock issued for stock and employee benefit plans, net of shares withheld for taxes (4,871) 9,887
Repurchases of common stock (13,314) (53,144)
Dividends paid to shareholders (18,129) (16,731)
Dividends paid to minority interest joint venture partners [1] 0 (1,414)
Net cash used for financing activities (37,555) (61,693)
Effect of exchange rate changes on cash and equivalents 98 930
Change in cash and cash equivalents 10,057 (38,036)
Cash and cash equivalents at beginning of period 328,449 341,098
Cash and cash equivalents at end of period 338,506 303,062
Supplemental disclosure of non-cash investing activities    
Capital expenditures included in payables $ 5,875 $ 4,420
[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.