Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
9 Months Ended |
Jan. 31, 2016 |
Jan. 25, 2015 |
| Operating activities |
|
|
| Net income |
$ 22,121
|
$ 4,560
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation |
63,829
|
61,934
|
| Amortization of intangible assets |
6,503
|
6,539
|
| Amortization of debt issuance costs |
462
|
534
|
| Stock-based compensation expense |
35,677
|
34,194
|
| Loss (gain) on sale or retirement of assets and asset disposal group |
(496)
|
704
|
| Impairment of long-lived assets |
1,901
|
5,767
|
| Equity in earnings of equity method investment |
(950)
|
(530)
|
| Amortization of discount on 0.50% Convertible Senior Notes due 2033 |
7,156
|
6,819
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(28,150)
|
15,356
|
| Inventories |
(1,786)
|
(31,452)
|
| Other assets |
10,507
|
(18,432)
|
| Accounts payable |
(270)
|
4,409
|
| Accrued compensation |
3,453
|
(11,748)
|
| Other accrued liabilities |
4,996
|
920
|
| Deferred revenue |
4,044
|
(5,081)
|
| Net cash provided by operating activities |
128,997
|
74,493
|
| Investing activities |
|
|
| Additions to property, equipment and improvements |
(99,514)
|
(106,189)
|
| Net proceeds from sale of property and equipment and asset disposal group |
799
|
42
|
| Purchases of short-term investments |
(185,821)
|
(320,453)
|
| Maturities of short-term investments |
215,542
|
240,000
|
| Acquisition, net of cash acquired |
0
|
(2,728)
|
| Net cash used in investing activities |
(68,994)
|
(189,328)
|
| Financing activities |
|
|
| Repayments of term loans |
(216)
|
(306)
|
| Proceeds from the issuance of shares under equity plans and employee stock purchase plan |
11,100
|
10,384
|
| Net cash provided by financing activities |
10,884
|
10,078
|
| Net increase (decrease) in cash and cash equivalents |
70,887
|
(104,757)
|
| Cash and cash equivalents at beginning of period |
197,443
|
303,101
|
| Cash and cash equivalents at end of period |
268,330
|
198,344
|
| Supplemental disclosure of cash flow information |
|
|
| Cash paid for interest |
1,314
|
2,330
|
| Cash paid for taxes |
7,127
|
4,304
|
| Supplemental disclosure of non-cash transactions |
|
|
| Issuance of common stock upon conversion of 5.0% Convertible Senior Notes due 2029 |
$ 0
|
$ 40,015
|