XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (26,839) $ 2,812
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation 5,228 5,203
Non-cash inventory charges 6,301 1,407
Amortization 323 417
Stock-based compensation 887 880
Deferred income taxes 150 199
Realized loss from the sale of short-term investments available for sale   28
Gain sale of equipment (312)  
Non-cash restructuring expenses 791  
Foreign currency exchange (gain) loss (362) 240
Changes in assets and liabilities:    
Accounts receivable 954 (1,228)
Inventories 12,477 (18,453)
Other current assets (39) (571)
Other assets (76) (1,404)
Accounts payable – trade 3,051 3,865
Deferred revenue 910 (22)
Accrued expenses and deferred compensation 885 (5,130)
Income taxes 254 (612)
Net cash provided by (used in) operating activities 4,583 (12,369)
Cash flows from investing activities:    
Capital expenditures (1,602) (5,288)
Proceeds from the sale of equipment 465  
Proceeds from the maturity of short-term investments (Held to Maturity)   3,953
Purchase of short-term and long-term investments (Held to Maturity)   (9,751)
Purchase of short-term investments (Available for Sale)   (4,392)
Proceeds from the sale of short-term investments (Available for Sale)   9,442
Proceeds from the sale of long-term investments (rabbi trust) 70 33
Purchase of long-term investments (rabbi trust) (870) (873)
Net cash used in investing activities (1,937) (6,876)
Cash flows from financing activities:    
Payments associated with lines of credit   (3,000)
Proceeds associated with lines of credit   3,000
Dividends paid   (4,104)
Common stock repurchased   (1,752)
Common stock surrendered for withholding taxes payable (33) (50)
Payments of debt issuance costs (289) (110)
Net cash used in financing activities (322) (6,016)
Effect of exchange rate changes on cash and cash equivalents (149) 32
Increase (decrease) in cash and cash equivalents 2,175 (25,229)
Cash and cash equivalents at beginning of period 14,550 37,009
Cash and cash equivalents at end of period $ 16,725 $ 11,780