|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
9 Months Ended |
|
Jan. 31, 2014
|
Jan. 31, 2013
|
| Cash flows from operations: |
|
|
| Net income |
$ 111,698 |
$ 87,353 |
| Adjustments to reconcile net income to net cash provided by operations: |
|
|
| Depreciation and amortization |
95,604 |
81,913 |
| Other amortization |
223 |
159 |
| Stock based compensation |
4,001 |
3,165 |
| Loss on disposal of assets and impairment charges |
2,880 |
4,272 |
| Deferred income taxes |
14,030 |
29,098 |
| Excess tax benefits related to stock option exercises |
(1,615) |
(1,682) |
| Changes in assets and liabilities: |
|
|
| Receivables |
(4,167) |
1,910 |
| Inventories |
84 |
(12,087) |
| Prepaid expenses |
(696) |
(655) |
| Accounts payable |
(31,101) |
(13,920) |
| Accrued expenses |
18,933 |
11,969 |
| Income taxes |
1,028 |
3,682 |
| Other, net |
(216) |
(638) |
| Net cash provided by operations |
210,686 |
194,539 |
| Cash flows from investing: |
|
|
| Purchase of property and equipment |
(242,548) |
(241,126) |
| Payments for acquisition of stores, net of cash acquired |
(26,583) |
(25,198) |
| Proceeds from sale of property and equipment |
2,219 |
2,421 |
| Net cash used in investing activities |
(266,912) |
(263,903) |
| Cash flows from financing: |
|
|
| Proceeds from long-term debt |
200,000 |
|
| Payments of long-term debt |
(8,144) |
(5,562) |
| Net (payments) borrowings of short-term debt |
(59,100) |
58,600 |
| Proceeds from exercise of stock options |
2,912 |
4,209 |
| Payments of cash dividends |
(20,168) |
(18,963) |
| Excess tax benefits related to stock option exercises |
1,615 |
1,682 |
| Net cash provided by financing activities |
117,115 |
39,966 |
| Net increase (decrease) in cash and cash equivalents |
60,889 |
(29,398) |
| Cash and cash equivalents at beginning of the period |
41,271 |
55,919 |
| Cash and cash equivalents at end of the period |
102,160 |
26,521 |
| Cash paid during the period for: |
|
|
| Interest, net of amount capitalized |
19,969 |
17,637 |
| Income taxes |
48,960 |
18,280 |
| Noncash investing and financing activities |
|
|
| Property and equipment acquired through capitalized lease obligations |
$ 1,169 |
$ 981 |