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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Feb. 02, 2020
Jan. 27, 2019
Cash flows from operating activities:    
Net (loss) income $ (841) $ 6,969
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 5,880 6,087
Amortization 530 592
Stock-based compensation 831 373
Asset impairments [1] 13,639  
Reversal of contingent consideration - earn-out obligation [2] (6,081)  
Deferred income taxes (1,626) (1,691)
Realized loss on sale of short-term investments (Available for Sale)   94
Gain on sale of equipment (276) (1,456)
Loss from investment in unconsolidated joint venture 60 109
Foreign currency exchange (gain) loss (15) 12
Changes in assets and liabilities, net of effects of acquisition of business:    
Accounts receivable (2,885) (38)
Inventories (7,016) (658)
Other current assets (527) (43)
Other assets 159 6
Accounts payable - trade (2,475) 486
Deferred revenue (1) (317)
Accrued expenses and deferred compensation 542 (1,513)
Accrued restructuring costs (124) 228
Income taxes (293) (1,155)
Net cash (used in) provided by operating activities (519) 8,085
Cash flows from investing activities:    
Net cash paid for acquisition of businesses   (12,096)
Capital expenditures (4,072) (2,954)
Proceeds from the sale of property, plant, and equipment 672 1,894
Investment in unconsolidated joint venture   (120)
Proceeds from the sale of short-term investments (Held to Maturity) 5,000 17,150
Purchase of short-term and long-term investments (Held to Maturity) (5,397)  
Proceeds from the sale of short-term investments (Available for Sale)   2,458
Purchase of short-term investments (Available for Sale) (7,532) (10)
Proceeds from the sale of long-term investments (Rabbi Trust)   1,233
Purchase of long-term investments (Rabbi Trust) (707) (795)
Net cash (used in) provided by investing activities (12,036) 6,760
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 (3,786) (3,493)
Common stock surrendered for withholding taxes payable (51) (1,303)
Capital contribution from non-controlling interest 360  
Common stock repurchased (728) (3,316)
Payments of debt issuance costs   (50)
Net cash used in financing activities (5,487) (9,574)
Effect of exchange rate changes on cash and cash equivalents (94) (81)
(Decrease) increase in cash and cash equivalents (18,136) 5,190
Cash and cash equivalents at beginning of period 40,008 21,228
Cash and cash equivalents at end of period $ 21,872 $ 26,418
[1] Our home accessories segment incurred asset impairment charges totaling $13.6 million, of which $11.2 million and $2.4 million pertained to this segment’s goodwill and tradename, respectively.
[2] We recorded a reversal of $6.1 million that pertained to a contingent earn-out obligation associated with the purchase of our 80% ownership interest in eLuxury, LLC.