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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Nov. 03, 2019
Oct. 28, 2018
Cash flows from operating activities:    
Net income $ 3,366 $ 3,909
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,893 4,056
Amortization 353 391
Stock-based compensation 467 (106)
Deferred income taxes 53 (2,081)
Realized loss on sale of short-term investments (Available for Sale)   94
Gain on sale of equipment (93) (1,079)
Loss from investment in unconsolidated joint venture 3 132
Foreign currency exchange gain (106) (102)
Changes in assets and liabilities:    
Accounts receivable (835) 1,639
Inventories (4,797) 3,767
Other current assets (31) 379
Other assets 133 (10)
Accounts payable - trade 3,564 (3,264)
Deferred revenue (24) (160)
Accrued expenses and deferred compensation 1,620 (1,472)
Accrued restructuring costs (89) 260
Income taxes 770 247
Net cash provided by operating activities 8,247 6,600
Cash flows from investing activities:    
Net cash paid for acquisition of businesses   (12,096)
Capital expenditures (2,410) (2,096)
Proceeds from the sale of equipment 363 1,280
Investment in unconsolidated joint venture   (100)
Proceeds from the sale of short-term investments (Held to Maturity) 5,000 4,000
Proceeds from the sale of short-term investments (Available for Sale)   2,458
Purchase of short-term investments (Available for Sale)   (10)
Purchase of long-term investments (Rabbi Trust) (479) (526)
Net cash used provided by (used in) investing activities 2,474 (7,090)
Cash flows from financing activities:    
Proceeds from line of credit   12,000
Payments on line of credit   (12,000)
Payments on vendor-financed capital expenditures   (1,412)
Proceeds from subordinated loan payable 250  
Cash paid for acquisition of business (1,532)  
Dividends paid (2,482) (2,253)
Common stock surrendered for withholding taxes payable (51) (1,292)
Capital contribution from non-controlling interest 360  
Common stock repurchased   (844)
Net cash used in financing activities (3,455) (5,801)
Effect of exchange rate changes on cash and cash equivalents (91) (169)
Increase (decrease) in cash and cash equivalents 7,175 (6,460)
Cash and cash equivalents at beginning of period 40,008 21,228
Cash and cash equivalents at end of period $ 47,183 $ 14,768