| Apr'19 | Apr'18 | Apr'17 | Apr'16 | Apr'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 | Apr'10 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||
Net income | |||||||||
83,688 | 63,141 | 71,199 | 58,723 | 35,499 | 20,461 | 9,758 | -20,786 | -20,018 | -22,341 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
94,446 | 45,004 | 18,682 | 16,456 | 14,526 | 14,545 | 14,431 | 23,387 | 26,703 | 30,876 |
Net loss on disposal of property, plant and equipment | |||||||||
-1,973 | -615 | -444 | -1,576 | -153 | -123 | -231 | -180 | -209 | -209 |
Amortization of debt issuance costs | |||||||||
2,724 | 0 | 0 | - | - | - | - | - | - | - |
Impairment loss related to restructuring activities | |||||||||
- | - | - | - | - | - | 270 | 7,913 | 0 | 0 |
Unrealized gain on foreign exchange forward contracts | |||||||||
0 | -257 | 0 | 0 | 250 | 323 | 481 | -111 | 982 | 0 |
Gain on insurance recoveries | |||||||||
580 | 0 | 0 | - | - | 94 | 975 | 0 | 0 | - |
Stock-based compensation expense | |||||||||
3,040 | 3,097 | 3,469 | 3,609 | 3,497 | 3,295 | 3,509 | 3,413 | 3,995 | 4,392 |
Deferred income taxes | |||||||||
-7,805 | 21,404 | 9,899 | 11,629 | 4,335 | 7,978 | 5,789 | -12,290 | -8,185 | -5,800 |
Pension contributions in excess of expense | |||||||||
7,875 | 20,928 | 27,840 | 4,732 | 4,604 | 2,039 | 4,299 | 4,528 | 6,907 | 5,029 |
Excess Tax Benefit from Share-based Compensation, Operating Activities | |||||||||
5,266 | 0 | 0 | 4,968 | 1,887 | 854 | 18 | 0 | 80 | 212 |
Contributions of employer stock to employee benefit plan | |||||||||
3,623 | 3,554 | 2,926 | 1,761 | 6,217 | 3,843 | 2,333 | - | - | - |
Other non-cash items | |||||||||
-916 | -14 | -318 | 663 | -216 | 2,634 | 1,389 | -867 | 971 | 992 |
Changes in operating assets and liabilities: | |||||||||
Customer receivables | |||||||||
-9,719 | 18,786 | 7,780 | 9,938 | -288 | 7,546 | 6,825 | 1,533 | 3,514 | 640 |
Income taxes receivable | |||||||||
4,852 | -2,802 | 4,925 | 4,276 | 5,605 | 2,875 | 7,068 | -115 | -331 | -7,302 |
Income taxes receivable | |||||||||
-26,357 | 7,295 | 0 | 0 | - | - | - | - | - | - |
Inventories | |||||||||
5,172 | 7,492 | 207 | 4,585 | -126 | 1,236 | 1,669 | 320 | -5,709 | 9,370 |
Prepaid expenses and other assets | |||||||||
-4,775 | -858 | 6,301 | 723 | 5,113 | 5,869 | 3,814 | 923 | 4,534 | -1,035 |
Accounts payable | |||||||||
6,225 | -2,525 | 773 | 5,269 | 1,963 | 1,943 | - | - | - | - |
Accrued compensation and related expenses | |||||||||
- | - | - | -1,791 | 1,201 | 526 | - | - | - | - |
Marketing and other accrued expenses | |||||||||
-5,541 | 4,771 | 3,821 | 5,811 | -624 | -447 | 7,116 | 9,545 | -1,442 | -6,126 |
Net cash provided by operating activities | |||||||||
190,845 | 86,775 | 77,080 | 74,604 | 60,164 | 40,535 | 24,527 | 16,053 | 13,196 | 1,292 |
INVESTING ACTIVITIES | |||||||||
Payments to acquire property, plant and equipment | |||||||||
32,128 | 47,590 | 21,811 | 28,685 | 20,015 | 7,903 | 8,860 | 6,679 | 4,952 | 2,861 |
Proceeds from sales of property, plant and equipment | |||||||||
64 | 27 | 37 | 846 | 22 | 81 | 80 | 15 | 3 | 131 |
Proceeds from sales of assets held for sale | |||||||||
- | - | - | - | 1,250 | 1,644 | 6,447 | 56 | 2,939 | 0 |
Proceeds from insurance recoveries | |||||||||
580 | 0 | 0 | - | - | 94 | 975 | 0 | 0 | - |
Acquisition of business, net of cash acquired | |||||||||
7,182 | 57,200 | 0 | 0 | - | - | - | - | - | - |
Purchases of certificates of deposit | |||||||||
0 | 25,000 | 85,000 | 46,750 | 40,750 | 0 | 0 | - | - | - |
Maturities of certificates of deposit | |||||||||
8,000 | 87,750 | 56,750 | 38,250 | 5,250 | 0 | - | - | - | - |
Investment in promotional displays | |||||||||
7,257 | 2,303 | 3,720 | 4,434 | 2,363 | 3,499 | 4,759 | 3,310 | 3,456 | 8,737 |
Net cash used by investing activities | |||||||||
-37,923 | -44,316 | -53,744 | -40,773 | -56,606 | -9,583 | -6,117 | -9,918 | -5,466 | -11,467 |
FINANCING ACTIVITIES | |||||||||
Payments of long-term debt | |||||||||
122,205 | 96,572 | 11,731 | 1,547 | 1,309 | 4,516 | 1,019 | 1,021 | 892 | 10,859 |
Proceeds from long-term debt | |||||||||
0 | 734 | 3,477 | 3,196 | 1,500 | 0 | 0 | - | - | 10,000 |
Proceeds from issuance of common stock | |||||||||
500 | 1,289 | 2,366 | 8,114 | 14,268 | 15,330 | 5,878 | 18 | 399 | 743 |
Payments for Repurchase of Common Stock | |||||||||
50,000 | 29,000 | 13,407 | 16,593 | 5,053 | 3,141 | 0 | 0 | - | - |
Withholding of employee taxes related to stock-based compensation | |||||||||
1,739 | 2,803 | 1,734 | 2,826 | 1,427 | - | - | - | - | - |
Change in restricted cash | |||||||||
- | - | - | - | - | - | 7,064 | 7,355 | 0 | -14,419 |
Excess Tax Benefit from Share-based Compensation, Financing Activities | |||||||||
- | - | - | 4,968 | 1,887 | 854 | 18 | 0 | 80 | 212 |
Debt issuance cost | |||||||||
232 | 14,675 | 0 | 0 | - | - | - | - | - | - |
Notes receivable, net | |||||||||
0 | 0 | -208 | 4,221 | -417 | 750 | 0 | 0 | - | - |
Payment of dividends | |||||||||
- | - | - | - | - | - | - | 1,287 | 5,130 | 5,090 |
Net cash used by financing activities | |||||||||
-173,676 | -141,027 | -20,821 | -8,909 | 10,283 | 7,777 | 11,941 | 5,065 | -5,543 | -19,413 |
Net decrease in cash and cash equivalents | |||||||||
-20,754 | -98,568 | 2,515 | 24,922 | 13,841 | 38,729 | 30,351 | 11,200 | 2,187 | -29,588 |
Non-cash investing and financing activities: | |||||||||
Long-term debt related to funding acquisition | |||||||||
0 | 300 | 0 | 0 | - | - | - | - | - | - |
Long-term debt issued to satisfy outstanding debt | |||||||||
0 | 600 | 0 | 0 | - | - | - | - | - | - |
Long-term debt satisfied from issuance of debt | |||||||||
0 | 602 | 0 | 0 | - | - | - | - | - | - |
Stock issuance in connection with acquisition | |||||||||
0 | 189 | 0 | 0 | - | - | - | - | - | - |
Property, plant and equipment | |||||||||
1 | 5 | 0 | 0 | - | - | - | - | - | - |
Net other assets and liabilities related to acquisition | |||||||||
0 | 7 | 0 | 0 | - | - | - | - | - | - |
Cash paid during the period for: | |||||||||
Interest | |||||||||
35 | 5 | 0 | 0 | - | - | - | - | - | - |
Income taxes | |||||||||
22 | 18 | 27 | 24 | - | - | - | - | - | - |