XML 21 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2015
Cash flows from operating activities:      
Net income $ 127,854 $ 93,958 $ 49,613
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 50,213 41,237 30,893
Loss on sale/disposition of assets 99 256 267
Provision for losses on notes and accounts receivable 1,546 511 122
Deferred income taxes (7,840) (4,448) 2,341
Stock-based compensation expense 8,590 6,472 5,808
Changes in operating assets and liabilities (net effect of acquisitions):      
Accounts receivable (40,709) (2,254) 10,983
Inventories (22,171) (804) 25,662
Prepaid expenses and other current assets (1,619) 1,999 (569)
Income taxes (13,745) (328) 8,965
Accounts payable 1,233 13,048 (7,345)
Accrued payroll and incentives 988 11,228 (9,525)
Accrued profit sharing 1,545 5,294 (4,895)
Accrued expenses 21,238 3,929 1,361
Accrued warranty (1,415) (275) 891
Other assets 1,029 (237) (348)
Other non-current liabilities (3,260) (1,029) 583
Net cash provided by operating activities 123,576 168,557 114,807
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (211,069) (1,220) (159,242)
Refunds/(deposits) on machinery and equipment 2,776 (1,128) 1,431
Receipts from note receivable 65 84 81
Payments to acquire patents and software (638) (315) (392)
Proceeds from sale of property and equipment   61 264
Payments to acquire property and equipment (34,876) (29,474) (28,199)
Net cash used in investing activities (243,742) (31,992) (186,057)
Cash flows from financing activities:      
Proceeds from loans and notes payable 100,000 105,000 175,000
Cash paid for debt issuance costs (525) (1,024) (2,558)
Payments on capital lease obligation (558) (596) (596)
Payments on notes payable (56,300) (104,725) (100,000)
Proceeds from Economic Development Incentive Program 101   640
Payments to acquire treasury stock (50,052)   (30,040)
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan 2,442 11,265 3,103
Payment of employee withholding tax related to restricted stock units (4,672) (2,646) (1,708)
Excess tax benefit of stock-based compensation   5,218 771
Net cash (used in)/provided by financing activities (9,564) 12,492 44,612
Net increase/(decrease) in cash and cash equivalents (129,730) 149,057 (26,638)
Cash and cash equivalents, beginning of period 191,279 42,222 68,860
Cash and cash equivalents, end of period 61,549 191,279 42,222
Supplemental disclosure of cash flow information Cash paid for:      
Interest 7,650 13,007 8,617
Income taxes 85,216 50,924 $ 16,926
Supplemental Disclosure of Non-cash Investing Activities:      
Purchases of property and equipment included in accounts payable 2,474 $ 2,005  
Change in fair value of interest rate swap 1,860    
Contingent consideration 1,700    
Total non-cash investing activities $ 6,034