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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
May. 02, 2015
Apr. 26, 2014
Apr. 27, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 20,882 $ 22,206 $ 22,779
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 14,764 14,137 15,379
Amortization 204 364 228
Amortization of premium/discount on marketable securities 168 221 190
Gain on sale of property and equipment (1,207) (72) 42
Share-based compensation 3,038 2,897 3,037
Excess tax benefits from share-based compensation (38) (119) 0
Provision for doubtful accounts (222) (190) 331
Deferred income taxes, net 2,146 1,543 (4,340)
Change in operating assets and liabilities 13,433 (4,788) 13,103
Net cash provided by operating activities 53,168 36,199 50,749
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (21,837) (13,519) (9,674)
Proceeds from sales of property, equipment and other assets 4,037 238 198
Purchases of marketable securities (15,653) (15,550) (16,506)
Proceeds from sales or maturities of marketable securities 15,532 13,953 17,451
Acquisitions, net of cash acquired (6,306) (1,480) 0
Net cash used in investing activities (24,227) (16,358) (8,531)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments on notes payable (81) 0 (1,459)
Proceeds from exercise of stock options 2,513 4,954 1,316
Excess tax benefits from share-based compensation 38 119 0
Principal payments on long-term obligations (1,163) (3,704) 0
Dividends paid (17,377) (16,690) (30,859)
Net cash used in financing activities (16,070) (15,321) (31,002)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (641) (94) (11)
NET INCREASE IN CASH AND CASH EQUIVALENTS 12,230 4,426 11,205
CASH AND CASH EQUIVALENTS:      
Beginning of period 45,054 40,628 29,423
End of period $ 57,284 $ 45,054 $ 40,628